I met many Entrepreneurs through the years.
After I started blogging in October of 2011 to help my kababayan, I met even more Entrepreneurs online.
Most of them are complaining and they feel trapped in their businesses.
They barely make any money. Pambayad lang sa kuryente, upa, pasahod at sa pang araw araw na gastos. And they work 12-16 hours every day even on weekends.
Yes, they own a business but it isn’t E.L.F. (Easy, Lucrative, and Fun) business. It’s completely opposite. Masarap lang pakinggan that they’re Entrepreneur but they’re overworked and underpaid.
Sometimes, they’re thinking…”Should I give up on this business? Maybe it’s time to quit.”
I know the feeling because I’ve been there for four times. It was really a struggle keeping those businesses.
In 2005, I started a drugstore. I invested nearly P500,000 in it.
Ang botica is very deceiving. Akala mo maliit lang na capital ang kailangan. But that’s because maliliit ang mga gamot. So for you to fill your small store with goods, you need more capital. Maybe P1 Million.
Do you know why I started a drugstore?
Because I have a relative who looks like they’re doing good.
First, I thought they’re doing well. Akala ko lang so ginaya ko sila.
Second, I have no background or experience in that business.
In less than a year, I gave up that business, sold it for a lost, and migrated to Canada.
Nasayang ang oras at pera ko.
The reason I’m sharing this to you is this.
Before you start a business, make sure you understand it well. Know the entire operation. Look for someone who’s really successful at hindi mukha lang successful.
Get mentoring and coaching. You’ll save a lot of time and money if there’s someone to help you step by step. And it doesn’t have to be me.
Also, start a business where you have an advantage or in a field where you have skills and experiences.
I can’t emphasize this enough.
That’s why my program “First Steps To Freedom” is about understanding yourself. Knowing what your weaknesses and strengths are.
And use that as a compass. A guide on what business to start.
Lahat tayo ay may weaknesses. In school, we were told to improve where we’re weak at.
Kung mahina ka sa Math, you should get a tutor in Math.
Kung mahina ka sa Science, get a remedial class in Science.
If you spend too much time working on your weaknesses, all you’ll end up with is a lot of strong weaknesses.
Get this and accept this: We’re all “disabled” in some areas.
Letting go of these areas to focus on things we love to do and that give us greatest results is the secret to greater confidence, happiness, success, and freedom.
Imagine you’re running a business where you’re having fun, using your strengths, and with superb confidence.
That’s the business you want to be in.