July 27, 2009
Millionaires Say "No" to Toilet Paper
Most, if not all, entrepreneurs have their own Cinderella stories: from living on welfare and waiting tables, to making their first million before they're 30 and owning jets.
And while all those stories are inspiring to hopeful entrepreneurs, the road to riches is a bit more "down and dirty."
Consider the approach taken by Mike Michalowicz, and ask yourself, "Am I a 'Toilet Paper Entrepreneur'?"
Real entrepreneurialism, as Mike puts it is like this bathroom experience: You are doing your "business", and when it's done, you suddenly find out that there are only 3 sheets of toilet paper left! Out of necessity, you are then forced to be creative and inventive to be able to leave the bathroom smelling fresh.
In the network marketing industry, Serious Entrepreneurs achieve success by not merely sitting and waiting for someone to "give them a roll of toilet paper."
They take action, dig around in the nearby garbage, check out whatever is handy within arm's reach, use the empty cardboard roll if necessary, call it goodand move on!
Moreover, serious entrepreneurs make it a habit of not making excuses and are impatient to those people who do.
Words you'll never hear from a Serious Entrepreneur:
"I'm broke right now."
"I am not that smart."
"I don't have the time. I'm too busy."
"Businesses take too long to build."
"There's too much risk involved."
"I'm too old for that."
They don't sit back on the loo and wait for the toilet paper. They grab it, or they make it. In the same way, they don't wait for their dreams to come true. They MAKE it come true.
In funding a new venture, they don't just wait for the money to come, but they find ingenious ways and use their strengths to finance the project.
By the way, millionaires are a frugal (as opposed to cheap) bunch: Warren Buffett, the third richest person in the world, according to Forbes, lives in the same Omaha, Nebraska, home he bought four decades ago for $31,500.
Contrary to popular belief, they focus on one project at a time until its finish. They don't multitask.
Perfectionism is not one of their qualities, and they frequently say, "It's good when it's good enough".
And that's because they have learned that money likes speed.
They know that if they sit around and do and erase and redo and re-erase, by the time they finish their product, their competition would have swooped in, cornered the market, and left them no room at all.
Basically, they're more doers, than thinkers.
It's not that they're afraid of taking risks; it's just they take calculated measures that help them avoid risks.
Founder of Feedburner.com Dick Costolo once said, "The key is to just get on the bike, and the key to getting on the bike is to stop thinking about 'there are a bunch of reasons I might fall off' and just hop on and peddle the damned thing. You can pick up a map, a tire pump, and better footwear along the way."
Serious Entrepreneurs don't need toilet paper.
It's probably because they'll have a spare napkin or piece of paper somewhere in their pockets with their next million-dollar plan scribbled hastily on its back.
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