The value and importance of investing in your business sooner rather than later.
You’re ready to leave your corporate job and create a life on your own terms. But now is not the best time. After all, you have plenty of debt and your saving account isn't where you need it to be. You may think it’s best to wait until everything is in order before you even think about investing in your own business, but waiting might actually be sabotaging your success!
To prove my point, let’s use an example of two women in corporate America. Abbey and Betty were both unhappy and unfulfilled, eager to make the move into having more flexibility, creativity and control over their work and time.
While they both had good credit with the ability to leverage their assets and acquire loans, each woman took a different approach than the other to build their business over a time period of one year. Abbey decided to wait before investing. Betty went all in. As a result, one suffered and one thrived.
“Understand the value of investing. Not only can you cut back in order to build up savings, but you can actually make more money to build up savings!” - Blake Schofield (2:48 - 2:55)
In reality, we would deal with much greater numbers. But for the sake of this example let’s keep it real simple and use quick and easy numbers.
Abbey decided it was best to get everything in order before heavily investing in her business. She cut down expenses and slowly began to build her business on her own. Many hours were spent researching what services she could best offer and designing a website for her business. Unfortunately, after more than six months, the website gained little traction and momentum. At the end of one year, all of her hard work, sweat, and hustle amounted to only a grand total of $15 earned. Abbey had saved $5 from cutting down her expenses and profited only in $10 from her business.
Things continued to get worse at her corporate job and with every passing day, it was solidified that Abbey was not where she was meant to be. But over the last year, Abbey was unable to gain the right skills and momentum necessary to leave her corporate job in confidence because she didn’t invest. Sadly, she was barely further along than she was a year ago - still not having the savings she wanted to leave her career and not having the confidence that her new business would work. Now she faced increasing stress and pressure to continue to perform in her job along with the worries about how her future would turn out.
In comparison, Betty, who understood the value of investing and how to leverage money, made substantial progress in one year. Betty leveraged her credit card on a zero interest rate for 12 months & invested $30 to get the right skills and support to begin building her business. With support and guidance, she learned to focus her time and energy on reaching the right clients, developing messaging, and designing a strong business model. It required believing in herself & no longer being willing to stay stuck and unhappy in her career. At the end of one year, Betty successfully made a $90 profit from her business. That’s a net worth of $60 going right into her savings for later use and she was easily able to pay back the original "loan" via credit! That same week Betty decided she had enough momentum to leave her job within the next 3 months & could finally turn in her two-week notice. Her investment had laid a foundation for growth, generating enough momentum over the last year to bridge the distance, help her build up her savings and cross comfortably into entrepreneurship.
“Remove the risk of having to leap into entrepreneurship and really build a bridge that will enable you to create life on your own terms.” - Blake Schofield (6:49 - 6:56)
The truth is you don’t have to wait until all your debt is paid off or your savings account is full to invest in your own business! You can and should invest while you still have your steady income & as soon as possible to reach success. There’s really no excuse not to. You could even use a 0% APR credit card or take out a loan. Contradictory to popular belief, not all credit card debt is bad! In fact, one of the smartest things you can do is leverage someone else's money (ie: credit or a loan) to make more money to then pay back at a later time so long as you are using it to build wealth and opportunity over time.
I know it can be scary to think of spending money to make money. But like Betty, investing to gain the right plan & skills will allow you to gain the momentum and stability you want to transition into your next path. Your investment, big or small, will provide the bricks necessary for you to build a bridge of fulfillment strong enough to cross comfortably from your corporate job into entrepreneurship. Far too many people self-sabotage by not realizing the risk they take by leaping into running their own business & hoping they have enough savings to bridge the gap of gaining momentum in the business (before the money runs out). Don’t make that mistake. Invest in your business & life today and set yourself up with the right foundation to create life on your own terms!
How to Get Involved
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