Most people spend their money on their own interests. For example, food, entertainment, and so on. Entrepreneurs, on the other hand, spend their money to make even more money. That is the difference between them. That is why the rich get richer and the poor stay poorer. So what are the characteristics of entrepreneurs that set them apart from other people?
Consider the winners of a simple lottery. Many of them will run out of these random millions in a few years because they wanted to use their money for their own selfish ends. If a person wants to buy a house, he gets it depending on the money, if he has more money, he wants to get a bigger one. When the monthly salary goes up, he buys a car. If he doesn't have enough money, he borrows.
For entrepreneurs, this is nonsense. Money is a source of income. Warren Buffett, for example, buys an old used slot machine with a friend in his sophomore year and multiplies his income by several times. Ordinary teenagers can’t do that. Draw conclusions from that.
There are several laws of real entrepreneurs:
1. Self-restraint.
An entrepreneur who is just starting a business will sew a job in order to increase his salary profitably. It’s easy to separate entrepreneurs who can’t achieve anything - it’s wasteful. A real businessman, on the other hand, saves money even if he accumulates a lot of wealth. Its costs can be high, but much less than its revenue.
2. Skill growth increases efficiency.
An entrepreneur should accept his knowledge as an investment. The time he spends should also benefit. Entrepreneurs are usually innately talented and determined. They work hard on themselves and become rich people.
3. Assets should work as well.
Working alone does not lead to wealth, even if you try a thousand times. Entrepreneurs are well aware of this, so they prefer to set up enterprises and become their leaders. That is when their service is combined with the labor of their subordinates and gives good results. No matter how good a programmer Bill Gates is, he can make $ 50 billion on his own. could not reach the dollar. That is why entrepreneurs are fighting with all their might for their shares in the enterprise.
4. Time should be managed carefully and wisely.
Time and attention are limited opportunities. It is very easy to waste these. Smart entrepreneurs understand this very well, they are very orderly, they don’t like inefficiency, they focus all their attention on their work. Many well-known entrepreneurs always wear the same outfit (Zuckerberg, Jobs). They value their time and emphasize that they are not ready to spend it on choosing clothes.
5. Positive realism.
You have to hope to be rich. Confidence needs to be properly assessed. Some aspects of life can be unpleasant, complicated, and confusing. It’s hard to see the other side of it. When the truth is vague, it must be spread for good and imagined in positive colors. Disappointment is not unique to business.
