So I'm going to say this immediately, I'm scared at the thought of making this post. I'm finding ways to not hit that black "post thread" button. I've just made my 10/5/1 plan and I need to start taking it seriously.
The things I want to have in 10 years: £10,000,000 in net worth, regularly speak in front of hundreds of people & have multiple businesses that I manage or have already sold, have outstanding physical health (no beer belly & strong) & have a great spouse. I can't believe I'm actually writing that but I genuinely mean it.
My Plan
I journal & try to keep myself accountable, but its no where near as potent as publishing it on a public forum to people that I feel I'm apart of. I've never been apart of a community that I really get behind & this is the first community I feel normal in. Thank you all for that.
I'm going to post weekly, every Sunday (+/- a day) about the things I've actually done to actually get towards these goals.
A bit about me.
I'm 21, I study chemistry as an undergraduate, I run a business, I manage my life savings through picking stocks & I'm a President and Lead Investor for two university societies.
I do chemistry because I've been diligent at it (until I found entrepreneurship), run a business (entrepreneurship, duh!), I pick stocks because I love thinking about the businesses behind them/ making money work. Finally, I'm a committee lead because it gets me speaking/teaching in front of crowds (I have a real love for this and I dont find myself getting to nervous infront of crowds - the opposite, I feel alive).
Progress so far
About this time last year, I made a mental & physical effort to become an entrepreneur. I began exposing myself to business through entrepreneurial ventures & value investing.
I began a business with three others, it's aimed at university society committees that cannot be bothered to research merch. This business has made £800 in revenue from two clients. I'm pleased about this, but its no where near the figures I want it to be. I also have a new product idea I'm trialing - I've moved forward now & began to learn CAD so I can get a prototype out I can use.
As for the investing, I earned a pile of cash from working a wage job, saving about 50%. Had no idea what to do with it so I began learning how to buy businesses on the public markets. This has surprisingly really helped my entrepreneurial side, since I have to think of the business I'm putting money into. It applies well for capital allocation & thinking about ROI - even with time.
I think for this past year what's been most valuable is that my mind has never before been this geared towards business. I listen to other peoples businesses/ideas and my mind already thinking about the next stages for their business or idea. I've gotten a lot better at tuning my problem radar - I perk up as soon as I hear someone complaining about something - and I've started businesses from it. To add to that, people in my life come to me for business advice & they listen to me when I speak.
What next?
- Finish up designs for CAD & find someone I can get the prototype made (want to make the product so I can use it as a demonstation it works)
- Research bulk buying t-shirts & print vinyl for a new revenue stream
- Create flow diagram for the merchandise ordering system so my co-founder can code it.
The things I want to have in 10 years: £10,000,000 in net worth, regularly speak in front of hundreds of people & have multiple businesses that I manage or have already sold, have outstanding physical health (no beer belly & strong) & have a great spouse. I can't believe I'm actually writing that but I genuinely mean it.
My Plan
I journal & try to keep myself accountable, but its no where near as potent as publishing it on a public forum to people that I feel I'm apart of. I've never been apart of a community that I really get behind & this is the first community I feel normal in. Thank you all for that.
I'm going to post weekly, every Sunday (+/- a day) about the things I've actually done to actually get towards these goals.
A bit about me.
I'm 21, I study chemistry as an undergraduate, I run a business, I manage my life savings through picking stocks & I'm a President and Lead Investor for two university societies.
I do chemistry because I've been diligent at it (until I found entrepreneurship), run a business (entrepreneurship, duh!), I pick stocks because I love thinking about the businesses behind them/ making money work. Finally, I'm a committee lead because it gets me speaking/teaching in front of crowds (I have a real love for this and I dont find myself getting to nervous infront of crowds - the opposite, I feel alive).
Progress so far
About this time last year, I made a mental & physical effort to become an entrepreneur. I began exposing myself to business through entrepreneurial ventures & value investing.
I began a business with three others, it's aimed at university society committees that cannot be bothered to research merch. This business has made £800 in revenue from two clients. I'm pleased about this, but its no where near the figures I want it to be. I also have a new product idea I'm trialing - I've moved forward now & began to learn CAD so I can get a prototype out I can use.
As for the investing, I earned a pile of cash from working a wage job, saving about 50%. Had no idea what to do with it so I began learning how to buy businesses on the public markets. This has surprisingly really helped my entrepreneurial side, since I have to think of the business I'm putting money into. It applies well for capital allocation & thinking about ROI - even with time.
I think for this past year what's been most valuable is that my mind has never before been this geared towards business. I listen to other peoples businesses/ideas and my mind already thinking about the next stages for their business or idea. I've gotten a lot better at tuning my problem radar - I perk up as soon as I hear someone complaining about something - and I've started businesses from it. To add to that, people in my life come to me for business advice & they listen to me when I speak.
What next?
- Finish up designs for CAD & find someone I can get the prototype made (want to make the product so I can use it as a demonstation it works)
- Research bulk buying t-shirts & print vinyl for a new revenue stream
- Create flow diagram for the merchandise ordering system so my co-founder can code it.
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