The Worst-Case Scenario of Starting a Business
I remember when I worked my full-time job I would daydream of what it would be like to start my own business.
I always held myself back when it came down to taking action because of some kind of fear.
What if I lose everything I have?
What if my idea isn’t very good?
Most businesses don’t survive five years so how can I?
What are my family and friends going to say?
What about the free time I have now to enjoy?
These are actually legitimate concerns.
So, today, let’s go all the way down that road.
I personally know people who have lost homes and businesses due to failure.
So what happens next?
Well, first of all, it could happen to you now.
I had a pretty cushy job in the telemarketing industry in the late 90’s.
I loved that job.
I worked 40 hours per week for a great salary and I enjoyed the work.
I owned stock in the company and it was going through the roof.
I was watching that stock and imagining how awesome it was going to be to retire in 10 years after it became worth millions.
Well, in 2000 the tech market crashed and the stock became worthless.
The company filed chapter 11 bankruptcy which allowed it to survive and through the hard times, the company laid off a bunch of people and I was one of them.
At that time, I couldn’t get another telemarketing job because they were all going through the same thing.
So, I went into sales.
I sold life insurance, investments, cars, perfume, health supplements, phones and phone service, cable tv, home security, and HVAC products and equipment.
In all honesty, I never really thought I was ever good at sales, but eventually I made a decent living at it.
I struggled for years before making enough money to feel comfortable.
The reality is that I only ever won when I worked myself to death.
All this time, I was struggling financially until the latter part of my sales career.
During that time, I thought often about starting my own business but I never dared to go through with it because of the fears I listed above.
All those fears were lies I told myself to maintain an illusion of safety and security.
I still could have been fired, or injured, or killed.
The company I worked for could have gone bankrupt and closed their doors.
My boss could have decided he or she didn’t want me to work there anymore.
An infinite number of possibilities could have happened to end what I thought was a secure job arrangement.
So, fast forward to me taking the plunge and starting my own business.
I decided one day that I didn’t want to work all summer and winter with no breaks to make a decent living.C
I had no time to be with my family and do the things I wanted.
I started my online business part-time after work.
I gave up tv and video game time almost completely in order to grow my side business.
After work I would come home and work my online business for a couple hours before spending some time with my family and then go to bed.
I don’t miss that free time at all.
In fact, now I have much more time and I don’t spend it playing video games or watching tv because I value it more.
I schedule and plan meaningful activities that give me fulfillment (some of it is downtime with my family doing stuff we like or riding my motorcycle).
After I started building my own business my friends and family have voiced opinions for better or worse, but I came to the realization that the ones who really matter are still there cheering me on and the rest were not great for my well-being anyway.
The ones who were well-meaning have come around as they see that I followed through and have created a great lifestyle.
Not having a great business idea was an excuse.
There are thousands of great business ideas that already work well.
Pick one and work it.
If you don’t believe that old business ideas work, then look at McDonald’s and gas stations.
The reason most businesses don’t make it 5 years is because people give up.
They quit as soon as things get hard.
I have talked to many successful business owners and people that had businesses that failed.
There was always a point for them where it got difficult and they really had to push through a tough time or quit.
In many instances, the tough time had nothing to do with their business, it was unrelated.
That is the only difference between the two groups.
Learning how to navigate through tough times is what makes a business successful.
No successful business had everything handed to it with no effort.
The owners learned to adapt and grow.
Everyone is capable of this.
It is a choice.
Last, but not least, let’s address going bankrupt and losing it all.
It is impossible to truly lose everything in America.
If you can’t pay your bills, you can declare bankruptcy and get rid of the debt.
If you don’t believe me, the president has done it four times in the last 25 years.
He is doing just fine.
If you had a nice house and cars and possessions that you end up losing, it’s because you were spending more than you should and that can happen to you as an employee as well.
The government has safety nets for everyone.
You are not going to be homeless with no food and clothes.
Is it going to be hard at times?
Hell yes! But it’s already hard at times.
In all honesty, owning a business has nothing to do with life being difficult at times.
If you really want to take charge of your life, everything you see holding you back is a lie.
I’m not telling you this just to get you to buy my program.
I recommend a great way for someone to take advantage of an incredible opportunity, but my way is not the only way.
I truly see that what held me back for years holds back so many others.
However, I pushed past it which tells me that you can also.
I see my own greatness and I know that you have it also.
It doesn’t matter whether you believe me or not, what you have or haven’t done, how smart or old you are, what color or gender or any other reason you have believed, it is still there.
Go share it and follow your dreams and goals.
Let me know what you are doing to make it happen.
Comment below or email me:
Thank you for reading.