Is becoming your own boss the strategy you’ve chosen to begin a new life? It’s a very popular way of how to start over.
However, the self-employed world is not without its challenges. Avoid these 10 mistakes self-employed rookies make and you can virtually eliminate those challenges.
However, the self-employed world is not without its challenges. Avoid these 10 mistakes self-employed rookies make and you can virtually eliminate those challenges.
Resources mentioned in this episode:
|Is becoming your own boss the strategy you’ve chosen to begin a new life? It’s a very popular way of how to start over.However, the self-employed world is not without its challenges. Avoid these 10 mistakes self-employed rookies make and you can virtually eliminate those challenges|
Intro: Hey, another great show just moments away, His is Matt “The Do Over Guy”, and this is your do over.
Narrator: During an era where countless people, businesses, and organizations are feeling the pinch, running out of time, running out of money, losing confidence, feeling as if life is unfair, praying for another chance, and unless something is done- life is going to pass them by. Life is going to pass them by. Fortunately, in the nick of time there is now a place where the ignored underestimated and unknown steps to producing results and making life work are revealed. Save your career. Save your business. Save health. Save your relationships. Save your life. Get from where you are to where you want to be, faster and with greater ease than you ever thought possible. Say hello to “Your Do Over”.
Welcome to your Do Over the place where once a week at least once a week you will hear learn and take action on the ignored underestimated, and unknown steps to producing results. This is the show where I show people dissatisfied, unhappy people, people discontent with their current situation, how to start over discover a better life and get lasting results, and get it done easier faster and smarter, so here is the first step on how to start over. Get a head start and lay a solid foundation as you begin a new life, use the three pillars for creating the ultimate do over for free at www.freedoover.com it is a 55 minute Mp3 audio program that I created just for you. Download it for free at Free Do Over Dot Com, to help you live life to the fullest. I am so glad you are here and what that means is that our last episode did not scare you away, despite the harsh realities of being self employed. I mean you have got the guts to take it on, and what that says to me is that you are feed up, you sick and tired of being sick and tired; you are ready for something new and you see the world of entrepreneurship, of business ownership, of the world of being self employed as your ticket to a better life- an ideal way of how to start over. You are a courageous individual, my friend, and it is courageous people that make things happen. It is courageous people that make the world go round and courageous people in the world of the self employed, you are the ones that are going to turn this country around, and do you know what I mean by that? Did you know that a little over a year ago our government had a small round table meeting with about forty business leaders from various industries, Charles Schwab he is actually one that lead the discussion, and they are meeting on the subject of financial literacy in our country, and I think it was actually called the “Council on Financial Literacy”, it doesn’t matter, but what does matter but what does matter is the consensus that came from that discussion, the council unanimously agreed that our education system has to stop, it has to stop teaching it’s students to be employees, we have to stop creating employees in this country, and they came up with that logic because the sited the during the late 1700s and early 1800s when our country experienced one of its biggest growth periods, and depending on how you look at it, it might have been the biggest ever, there probably has not been one as big since. But during that period 80% of the US population were entrepreneurs in some shape form or fashion, and now that our country is facing it’s frightening and do I dare say unprecedented downturn, do you have any idea of what percentage of our population is made up of entrepreneur’s? Well, it is less than one percent; you see there is a direct correlation between the percentage of entrepreneurs in our country and our countries growth, or lack thereof. In fact, there is an organization, Opportunity International embracing this concept along with micro financing and showing third world countries how to start over by creating businesses by creating entrepreneurs, and it is believed by some of our greatest minds that entrepreneur is the key to saving the global economy, and I just heard what the latest unemployment numbers it is somewhere between 40 and 70% of the new jobs that are being created by small businesses, so when I say that it is the greatest people of the self employed that make the world go round, that are going to change this country around that is what I mean and that is why I am glad that you are here. Okay so let’s get on with today’s show. I want to make sure that if you have made the decision to begin a new life by joining the ranks of the small business and the self employed that you have a better shot than I did at succeeding. I mean most businesses don’t make it passed the two year mark and I don’t want that to be you. So, let us get into the ten biggest mistakes that self employed rookies make, and thank goodness that you are listening to this podcast right now., because unless somebody tells the rookies about these mistakes the rookies will make every single one of them, and perhaps twenty years later they will find themselves writing a book, or hosting a podcast on the same subject, how do I know that because I was a self employed rookie once, and I did not have a podcast like this to listen to, I had that other thing to set me straight the school of hard knocks, ol’ hard knock U. But, you won’t have to go to that school you don’t have to worry about that, or do you. You know, I remember my first day as a real estate agent and I reported to duty and I reported to office for the first day, it was a Saturday morning and there were a few of us brand new agents and they put us in room with an old, I shouldn’t say old, hey, he was old he was a senior agent he had been in the business about forty years, poor guy he was stuck with these four green, new real estate agents, you could see it on his face that he would have much rather been somewhere else on that Saturday , but he was stuck with us. And he went around with us and kind of gave us some insight and then he took some questions, and one questions from one of the other people in the room they had asked, “What is the biggest mistake that you see new real estate agents make?” And he said, “Oh, that is easy they go to senior agents ask them for advice and then go and do it their way anyway.” So, don’t do that, that is big mistake number one of the self employed that is not how to start over. Don’t ask someone with obviously more experience and success; don’t ask them for advice if you are not going to follow it. Don’t waste their time, and don’t waste yours. If you are going to do it your way anyway, then just go and do it your way and learn for yourself, take the hard knock U route. An important do over tip that I frequently give in my workshops is you learn from your mistakes progress is guaranteed, if you learn from others mistakes progress with velocity is. Learn from other people’s mistakes, experiences, and successes as you begin a new life. I mean there are a million different way to make your million, but the principles of success, they are just a few. The success principles are universal. Successful people know what they are. So, listen to those who have achieved what you are out to achieve, be careful who you listen to, listen to those who have what you want to have. Choose your mentor wisely.
Big mistake number two, selling to the wrong people and not knowing your customer. While sales are important to the survival of any business you don’t need to push your business on everyone that you meet, including friends and family. Furthermore, it is simply a waste of time trying to sell to people who simply don’t need what you are offering. And, what you will find is that some customers are much easier to and serve than others. I mean, for example, I invest in real estate and I show others how to do the same and I have learned that certain groups of people are much more difficult to teach and others have a much higher aversion to risk and would much rather have their money in a savings account earning a half percent annual interest, or even crazier, I run across people who would rather lose money in the stock market than earn a double digit return from a solid rental property. I don’t understand that one I guess they think that the stock market is going to come back but they are willing to take the loss right now, but there is another vehicle that could give them a return right now. I don’t know, I will never understand that one and I will stop trying to understand it , I have just realized that not everybody is a potential customer and the quicker you realize that the less stressful your days in the self employed world will be. Feel free to say no to customers that are more trouble than they are worth, I mean let your competitors talk to them instead. You will save yourself many headaches and you will free u p more time to focus on serving the best customers. Just because someone is interested in doing business with you doesn’t mean that you should accept. I mean in my first years in business I said yes to just about everybody that approached me with a potential business relationship. I mean anybody that approached me with, let’s see if we can get together and create some synergy. That is a trick word, that is a booby trap, right there, anyone who approaches you with the word synergy be very, very careful. I wasted a lot of time pursuing those deals that were just too much of stretch to begin with; I mean I accepted lunch invitations from random business people that just wanted to see if there is a way we could do something together. I mean virtually none of them made me a dime so if you think a meeting is pointless, it probably is. Don’t network with random people just because you think that you are supposed to network. If an offer doesn’t excite me right away I usually decline, politely of course. But learn to say no to the weak opportunity so that you have the capacity to say yes to the golden ones.
Big mistake number three, overspending, so first don’t quit your day job until you have six months of living expenses, I mean more seasoned entrepreneurs will tell you twelve months, you need twelve months of living expenses, and I would tend to agree but if knew that to be as true as we do you would probably never get to a point where you could take that leap into the world of the self employed pool. However, if you avoid making these other mistakes six months should be sufficient. Cut over to the absolute bare minimum and stop spending money period. Just stop spending it, I mean here is a strange phenomena when you quit your job you stop getting a pay check. That is my attempt at humor by the way. But, the lesson is stop spending money, you don’t need 95% of the junk that you buy anyway, and look at your current monthly expenses and figure out what you can cut, and then cut it. I mean, analyze that, what is frivolous what can you do without. What can you cut, then cut it. Be willing to sacrifice for as long as it takes to establish a consistent income, and even then don’t spend unless it is essential. You know I wore almost the same clothes for over a decade. And, I would have loved to gone out and bought some nice looking cloths and strut around absolutely, but I knew the time would come, I just had to patient, I had to make some sacrifices. Besides, you are going to come to know that looking good and impressing others is very over rated and it can put you into the poor house as quick as anything if you are not careful, and through this process you develop a great respect for a single unit of currency, I mean the value of a dollar really becomes apparent, and until you have steady cash flow coming in and that may be a while, don’t spend your precious start up cash unless it is absolutely necessary. You know I started my record label with ten thousand dollars of personal loans, and it went so fast. And what I discovered was that I was able to keep my business running on almost a shoe string budget for almost a year after that until the next cash infusion came in. I mean there are so many creative ways to run a business without money, but unfortunately we don’t look for those ways until we are out of money. And, I quickly learned that every dollar invested in the business was another dollar that eventually had to be recouped from sales. I also learned that the lesser the expense, particularly when it came to promotion and advertising the more effective, I mean the high cost that can accompany promotional materials, magazine ads, TV ads, on-line marketing, business cards, T-shirts, stationary, etc, all that stuff that you really don’t need in the beginning, I mean it can run you dry with minimal if any return, the secret is getting out there belly to belly with people, I mean shake hands, kiss babies, build relationships, it’s absolutely free, and ten times more effective, it is uncomfortable for many of us, so a lot of people don’t do it, they see how they can build the business from afar with minimal human contact, but that is really what builds business, obviously some business require lots of cash to start maybe it is a franchise or a restaurant, but in an age where it is easier to plug into a n established system like network marketing, contracting, freelancing, and internet business, when you can very easily start a lucrative business with pocket change, so, big mistake number four is being too stingy with your cash, I mean don’t let frugality get in the way of efficiency. Take advantage of skilled contractors who can do certain tasks more efficiently than you can, buy decent equipment, I mean when it is clear that you are going to get your money’s worth, you don’t have to overspend on fancy furniture, but get functional furniture that helps you become more productive, don’t use an antiquated computer with outdated software that slows you down, if you can afford something better, and carefully analyze the return on each investment that you make into your business, and if what you are about to spend is going to make you more efficient, increase profits, or free up time so that you can spend time on doing what you do best. Go ahead and spend, it does take time to develop the wisdom to know when you are being too tight or too loose with your cash. So, if you are just starting out get a second opinion, often the thought of getting a second opinion makes the correct choice very clear, and if you can’t justify the expenditure to someone that you respect than it is probably a mistake. On the other hand there are situations where it is hard justify not spending the cash either.
Big mistake number five putting on a fake front. Faking it until you make it so to speak. Many one person businesses refer to themselves as a we, and that is something a lot of new entrepreneurs do, but it is not necessary, there is nothing wrong with a one person business, especially today. My real-estate investment business over the years has mostly been a we, but my mentoring business is an I. It is perfectly okay to refer to your business as an I when you are the only one working in it. Pretending you are a we when you are really an I it is really silly, it is not going to gain you any respect in a way that matters. Promoting yourself as an I may even be an advantage today, I mean when they know that the buck stops with you, and if you make a promise you are the one that is going to carry it out. Promises from a we are not worth very much, and if you are a newly self employed person, I mean don’t pretend that you are anything else. Price you products and services fairly for your level of skills and talents. Some newly self employed people think that they must become actors in a way, it becomes all about postures and embellishments, the business that they promote to the world is pure fantasy, so trying to fool your customers in this manner is only going to backfire . If you are so desperate for business, that you essentially need to lie then you shouldn’t be starting your own business. If you can’t provide real value and charge fairly for it then don’t play the game of business, develop your skills and refine your services some more first.
Big mistake number six, assuming assigned contract is going to be honored, I have made this mistake more times than I care to admit, coming from 15years in the music business. You know a contract was dishonored three or four time more than it was honored. And, what I have always said, “If only half the people in the music business did half of what they said they were going to do, I would have been P.Ditty.” Shoot I would have been bigger than P.Ditty. I mean I signed contracts with every major label in the business, some of them more than once, and guess what, I am no longer in the business, the contracts were not honored. Now if you think that is limited to the music or entertainment business you would be incorrect and you know what it doesn’t even matter if someone backs out of a contract. I mean sure you may be right you may be totally right, you may be totally entitled to rewards and damages, but do you want to go broke in court trying to enforce it? I mean, even if you win how much really will be left? You know as a former real estate agent, our broker, our boss, advised us to let any dispute that we came up against, let it go if the potential award was under $30,000. The reason being is that it typically takes a $20,000 award to just break even, and if the potential award was over $30,000 the broker would say make sure that it is a slam dunk. Consider unhonored contracts as cost of doing business, it is going to happen, and if it has not happened to you, it will, or if it has not happen to you, you haven’t played with the big boys yet, shoot you ain’t even playing with the medium boys. A signed contract is just a piece of paper, what is behind the signed contract is a relationship. If the relationship goes sour, the contract is not going to save you, it is a false sense of security. The purpose of a contract is to clearly define everyone’s roles and commitments, but it is the relationship not the paper that ultimately enforces those commitments. You know when I understood this I focused more on relationships, and worried less about what was on the paper, and my business deals went so much more smoothly. I mean once you start falling back on the paper the deal is already in trouble. Creative a lucrative business deals almost always stray from the paper contracts that represents them anyway. Now don’t get me wrong written contracts are still necessary especially when dealing with large corporations where people come and go, but they are secondary to relationships. Just don’t make the mistake of assuming that the contract is the deal. The contract is only the deal shadow so to speak. The real deal is the relationship keep you relationships in good order and you won’t have to worry so much about what is on the paper. It’s said but true, but there are loads of scoundrels in business many of them hold titles like CEO and President and CFO. There are indeed people out there that seem to care about nothing but money, and they will lie, cheat and steal to get it. It’s not the norm in my experience, but it is not uncommon either.
Big mistake number seven, trusting your gut, or not trusting your gut rather. Intuition is just as important in business as it is in other settings. I mean you would be amazed at how many gigantic corporate deals are green lighted, or red lighted because of some CEOs gut feeling. Well, you might think that logic is the language of business, but that is far from reality. I mean if you base your deals on hard logic and ignore your intuition, most likely you will be in for a world of hurt. We humans, us human types, we are not very logical to begin with. We don’t have enough data to make truly logical decisions because business deals depend on human beings. And we don’t have an accurate system for predicting human behavior. Now not being able to predict how other humans will behave is a pretty big gap in our logic and an intuition in your gut is what has to fill that gap. Now the performance of human beings is what is going to make or break your business deals, but to assume that everyone is going to perform as expected, totally unrealistic. No deal ever goes perfectly, I mean in my real estate business every transaction has a lesson built in. One of which, regardless of how many transactions you may have completed I have never been privy to that one, I learn something new every single time. It is hard to say no to a deal that seems juicy by the numbers, when the logic makes sense, but my gut is saying, “You are going to regret it,” more times, more often than not I later see evidence that my intuition was right all along. Sometimes, I just get a bad read on someone, and then years later several people I know are complaining about being ripped off by that person that has happened intuition is a critical part of that decision making process in business, since business deals depend a lot on relationships you need to get a read on the other people involved in any deal that you consider, if you get a bad read walk away, if you get a good read then proceed with caution, you know my dad always said don’t believe anything you hear and only half of what you see. I mean those words might be a little bit extreme but in the proper context more times than not they are right on the money, so trust your gut, just trust your gut, and trust it fast.
Big mistake number eight, being too formal and I said it before and I will say it again, business is built on relationships, in some settings a certain degree of formality is appropriate but in most business situations being too formal to me it only gets in the way. I mean business deals work best when there is a decent human to human connection behind them. Personally I think it is a mistake to be too formal even when looking to establish new business relationships. I mean if I receive an email from someone that starts with dear Mr. Thierult and then goes on to explain a long winded business proposal I usually delete it especially if it uses the word we a lot. Better to fire off an email with a hey Matt and just ask me very informally if I am interested in the kind of relationship that you are seeking. I mean it saves time and opens the door to a real human relationship, human beings don’t want to make relationships with faceless corporations, they only want relationships with other human beings, so be a human being about your business. In fact treat your business relationships like real relationships or potential friendships, I mean formality puts up walls and walls don’t really foster good business relationships, besides formality is boring and tedious, I mean if someone demonstrates that they have a real personality, some originality and a good sense of humor a connection is far more likely.
Big mistake number nine, chasing the money instead of your passion, in a sense not doing what you feel and not being yourself, or another way of putting it don’t try being someone that you are not. You may not really know who you are so this is a tough one for some people. If it doesn’t come naturally to you though don’t do it, don’t follow get rich quick business ideas, don’t get caught up in hype and chasing the dollars. Figure out what you are good at and then figure out how to make money don’t that. A good way to figure out what you are good at and passionate about is, think of the things that you do and it only feels like five minutes have passed, but when you look up at the time and you look up at the clock it is more like an hour, or two hours, have passed. That’s it when you do that it should be your business to attach a business model to it, and the actually make some money doing it, it will be an amazing break through, I mean the realization that you are getting paid for something that you love to do will be undoubtedly an eye opening experience. I mean ask yourself if I wasn’t getting paid for this would I still do it? If the answer is yes, then that’s it and when you find it you will never work another day in your life. You know in the early years of being a real estate agent, I was fresh out of the music industry at a time when sweatshirts, t-shirts and jeans and massive amounts of slang in my vocabulary, that made up who I was, but when I became a real estate agent I traded all that in, I traded my Air Jordan’s for wingtips and loafers, and literally practiced speaking more formally. I mean lots of practice on that one, it took me almost a year to get to the point of illuminating the slang from my speech I mean I thought I had to be and act quote on quote” business like” , I mean whatever that meant? I mean being self employed at my new capacity was a heavy responsibility; I had to show people that did business with me the utmost respect. I mean now that I look back on it I think I over respected people. I thought that was what I was supposed to do. I mean other people were counting on me, I had found myself completely unfamiliar with my surroundings in a brand new pond and I was going to sink or swim. I started my record label in my late teens and people in their late teens and early twenties particularly in the entertainment industry can be shall we say quirky, or weird, artsy, independent thinking, or carefree, what is the other one, or naïve, open minded whatever it may be, but I assume as a business owner in the world of real-estate being weird wasn’t appropriate or acceptable, even disrespectful to my clients, so as new business person most of my business letters and emails looked like they were written by the same people that write the legal E’s on the back of your credit card statement. It took a number of years, but eventually I became comfortable just being myself in this new pond so to speak, and in hindsight I attracted the type of clients that would have accepted my uniqueness anyway. I mean what a waste of time and energy that was trying to be “business like” or at least my definition of what I thought businesslike was, and now that I am a coach, an author, a blogger, and a podcaster, I mean I am finding more and more each day that my personality quirks and unusual experiences are strengths. I mean, how many break dancing jar headed real estate investors do you know? I mean how many people do you know who’s favorite music consists of Hootie and the Blowfish, Michael Jackson, Run DMC, and Chrintina Aguilera, how many people do you know who’s three favorite movies are the Five Heart Beats, Young Guns, and Dumb and Dumber. How many people do you know that love the discovery channel as much as American Idol, The Office, and Family Guy? I mean all those things make up who I am, I used to be ashamed to say I was a Hootie and the Blowfish fan, an American Idol fan, and people think that I am absolutely nuts for sighting Dumb and Dumber as one of my Top Three Movies of All Times. But, that is who I am; it is perfectly fine to be your own weird self, and to inject your own unique spirit into your business especially if you are in your teens or twenties. You are not going to be young forever, just do you. Be you, and what that means is don’t pretend to be something you are not. Ultimately, you will enjoy your work much more, if you attract the kinds of customers and partners that want to work with you for who you are quirks and all. Send the people who only want to work with androids to your corporate competitors they deserve each other. You need people to build your business. You really need to understand this. You do need people to build your business, but you don’t need any one person. Be yourself it is their loss if they say no to you, your product, or service. Do business with those who say yes, yes to your products, those are the people that you want to do business with. Yes to your service and most of all Yes to you. Being self employed is a whole lot more fun in this realm.
Okay, big mistake number ten, it’s got a couple of parts to it and it is essentially not having a plan. In this fist part I am speaking of your business plan and your marketing plan, specifically failing to focus on value creation within the plan, Now it is easy to fall into the trap, particularly in the beginning of thinking that the purpose of a business is to make money. But, the real purpose of a business is to create value. While it is possible to make money in the short run without making much value, in the long run it is completely unsustainable. I mean even criminal organizations have to create value for someone at some point, and if you come to a point where you know you business is just sucking value from others without providing anything in return it’s going to erode your self esteem, and the business won’t be too much fun, nor will it be around very long, so why does your business exist? What problem is it solving for people? Those are things that you should ask yourself before taking the leap. And the answers to those questions should be incorporated into your plan, you r business should exist to provide some sort of value both for you and your customers, the better you understand what value you are trying to provide the better you will be able to focus. Too often business owners are not clear on what value they are trying to provide, they don’t even know what they are doing. They just promote and market stuff and just hope for the best. I mean that is a lousy, lousy business model the world need more selling, or stuff. But, it always needs and wants more genuine solutions to problems, that is value, and that is where you should direct your efforts. So, that is the first part, the second part of that is that no plan to implement a system and to remove yourself from the process to optimize your business, you know all though value creation is essential to a sustainable business, it is equally naïve to assume, you can simply focus on creating value and the rest will take care of itself. I mean you may create a business that provides good value, but loses money, or won’t run without you, as a self employed person that tends to make the leap to business owner you need to find a way to deliver your value in a cost effective manner with or without you running the business, and most likely your first attempt is going to be sub optimal you will waste a lot of time, money, resources, trying to produce and deliver your value and that is okay though you are going to have to go through those growing pains, I mean many business start out that way, just don’t let yours stay that way. I mean once you have a particular business process in place, pull it apart and re-optimize it from time to time. Document each step in your business, and create procedure lists, look for more ways to make it more efficient, I mean can you get it done in less time, at less cost, can you do it frequently, can you outsource it, don’t fall into the trap of using archaic methods for doing routine tasks that could be automated, including inventory management, billing and accounting, order processing , communications, marketing, if you find yourself doing these same repetitive tasks month after month make sure you put some efforts into optimizing them. Not optimizing, it’s like throwing money out the window, throwing money down the drain, my music business, I mean it never would have ran without me, I mean that was the last thing on my mind. I was the talent scout, the deal maker, the producer, the art department, I was the marketing department, the accounting department, I was in charge of the mail room, you name it I had my hand in it and looking back on it so many of those tasks and responsibilities could have been delegated or outsourced had I known how. I mean that somebody just told me I could. The only solution I was aware of was hiring employees, which I mean seemed very expensive, the world of free lancers and virtual assistance and out sourcing were all in the realm of knowledge that I didn’t know that I didn’t know, I didn’t even know the stuff existed. Now, my real estate investing business, and my internet business are completely different right now, I mean I focus on doing what I do best and I delegate the rest. I would say that within the next six to twelve months I will have the option to take extended vacations with minimal impact, if any, to my income streams. I mean had I implemented a plan like this, the first time around I might not have needed the opportunity to do over so to speak. So, don’t start your business without a plan. And, within that plan be specific on what problem you are solving for your customer, how you are going to solve it, and how you are going to optimize and transform it into a system that works with or without you. It takes significant effort to be self employed to build a successful business, but it is also a tremendous growth experience. I know many people who have quit their jobs to run their own businesses many of them didn’t do as well as they had hoped, but I don’t know too many that have expressed regret for taking a shot. And, those that didn’t do so well they are preparing to go at it again. They are going to begin a new life again. Because there is simply no substitute for holding the reins of your own destiny, you r future, a future of getting paid to do, what you would do for free. So, those are the top ten mistakes that self employed rookies make, but there are so many others it is not just those ten, and I came up with two bonus mistakes. It sounded kind of funny the twelve mistakes, so I called it the ten mistakes and here are two bonus mistakes. Bones mistake number one. Don’t fall into the trap of looking for the silver bullet. Don’t be on a pursuit or a mission to find the easy way, because quite simply their isn’t an easy way. Here is your silver bullet. Plan the work and work the plan, and don’t give up until you get there. Bonus mistake number two, don’t fall into the trap of getting ready to get ready, I see this effect a lot of people particularly make in that initial transitions from a day job to the world of the self employed, to the world of starting their own business, they waste a lot of time getting ready to get ready, you know within this podcast today I have proposed that you want to ready, aim, fire. But a lot of people just ready aim and they never fire and if you never fire nothing is going to happen and you are going to find yourself right back at your job that you just left, if it is still there, or maybe you are going to find yourself back in one that is even worse, don’t get trapped in the getting ready to get ready business. The office set up business, let’s order the stationary today, let’s get the fax machine working tomorrow, let’s get our post office box set up, let’s go set up our LLC and our…all that stuff is important but if you get into the business of setting up a business business, and not actually into the business of doing business, your time in the business world is going to be very short lived and you are going to find yourself with a boss again.
So, here is your homework assignment today, go to www.freedoover.com and get your free copy of the free copy of “The Three Pillars of Creating the Ultimate Do Over” what that is going to do is bridge the gap between today’s lesson and taking the next step in becoming self employed. Begin a new life by setting yourself up for success, don’t ignore this, it is that important, so many people underestimate this, don’t ignore it, if you are moving forward in the world of being your own boss you have decided that is how to start over, you can’t afford to ignore this step, and it doesn’t matter what you are up to in life, the three pillars of creating the ultimate do over are universal. They are the foundation of success they enable you to live life to the fullest and they are yours for free at Free Do Over Dot Com. That is it for this episode coming up next week now that you are no longer a self employed rookie, meaning you are not going to make these rookie mistakes, what are you going to do with all that money you are going to make I mean that is the reason that we all want to be self employed anyway isn’t it, the time freedom and the money freedom that accompanies being our own boss while we are working our way to wealth that is what we are after right? Well, next week we are going to go over a revolutionary way of thinking about wealth, a new way of creating wealth, wealth re-defined if you will, I call it the new definition of wealth and I am going to show you how to start over and get to wealth status. Meaning being able to do what you want, when you want, where you want, and with whom you want regardless of expense. I am going to show you how to get there faster than you ever thought possible, I mean if they taught this in your senior year of high school most of you would probably already be wealthy you might not even be listening to my voice right now. I mean even if you are still in your twenties while you are listening to this, it is wealth accelerated, I mean if you already have a plan to work the next thirty to fifty years as an employee I mean with this new definition of wealth, this new way of creating wealth, you can cut that in half very, very considerably. And, it is available to anybody, you just have to shift your thinking a bit and alter your actions slightly and I think it is loads easier than the traditional way of creating wealth, I guarantee it is no more difficult than how you are going about it right now, I have got a couple more spots in my do over coaching experiment so go to https://thedooverguy.com/coaching/ to grab one of those last two spots, and if you like what you heard today and or there is something that you would like to hear more of as you begin a new life, please visit iTunes at your convenience and leave your comments and suggestions, much, much appreciated, I am Matt “the Do Over Guy Thierult” and I will see you next time on Your Do Over.
Narrator: Thank you for tuning into Your Do Over, where the ignored, underestimated, and unknown steps to producing results and making life work are revealed, and remember: “Knowledge is potential power.” Take action on what you learned today. This is not Your Learn Over, its Your Do Over. To review the resources references reviewed in today’s show and to receive a complete show transcript visit www.TheDoOverGuy.com. Stay connected to Matt “The Do Over Guy” Theriault on twitter at the Do Over Guy, and on Facebook at www.Facebook.com/DoOverGuru.