There are very few things in life more terrifying than the thought of being on the death bed and realizing that your life was a waste and that your legacy will not carry on to your posterity. Being an entrepreneur is not about how much fiscal success one can obtain, how much recognition we receive, or even about whether or not the business itself was a success; it is far more profound and powerful than mere success. The Entrepreneurial journey isn't about what we can make, it is more about what we become in the process of creating this journey. My father once told me that creating a business is like creating a monster, it starts out so small, just a little debt to get things off the ground with just a few low risks. But as time progresses, and we continue to feed the monster, it grows, and grows, and grows and left unchecked, it will consume the soul. Being a entrepreneur can literally drain away life and consume a man. It is imperative that we control the monster and keep our heads on our shoulders so that we can make wise decisions. It is important to also realize that the creation of a company is a commitment in itself, if we are not careful we will involve many other lives in our businesses only to let them down and hurt those who trusted us. Creating a business is like creating another family in that these responsibilities along with monetary debt can quickly swallow one up. This journey is not for the faint of heart, it is brutal and careful time management is required, especially when the entrepreneur has a family. My father described the journey as very risky, but also very rewarding when it is done correctly. I believe that by following what we love to do and doing our best we can help others come to have something incredible in their lives and serve them. If we think of business as a way to serve others we will immediately become more successful. My boss, Frank, from Melaleuca showed that to me very clearly with how generous he is with others. It is beautiful to see what he has done to bless the lives of all of us! His firework shows, work picnics and fun loving spirit bless us daily and I hope to become like him someday with the business that I create.
I learned about the importance of having faith in oneself as an entrepreneur and understanding that risk taking is necessary but also wisdom and patience is important when seeking the prize. Corey Kesler, a great entrepreneur and mentor for me, shared that his biggest regrets involved not charging enough for what he did and the amount of time having a business takes from family life. The complexity and diverse forms of operation within a business is fragile at best, and must be considered with great care. The balance between family and entrepreneurial endeavors is precarious and is not a game to be taken lightly. It is imperative that creative thinking and reason be entwined together to create feasible innovation that increase the marginal revenue of production. By innovative thinking and utilizing capital in efficient ways we make production less expensive dramatically increasing revenue and increasing profits of the company. Investing in capital is necessary to bolster revenues, but ...
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