So...you're saying entrepreneurs have to be rich???

[ZF Lee]

I think some of you may have read this article that stinks of bias and cowardice.

https://www.google.com/url?sa=t&rct...AUx-TBzkalJWU4Z_6CJLRQ&bvm=bv.139782543,d.c2I

It was a very painful read, but in other words....this article seems to state that if you aren't rolling in the dough, the Fastlane is pretty much busted, let alone entrepreneurship.

Reappeared on my FB after the first time I read it...I feel that I should share this in order to show how the mainstream media cuts off the only thing that could ensure financial independence and control.
Pretty sickening article to read...

 

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[smarty]

I'm not going to wait for my father to get rich anyways. So better than licking the wounds of not being rich, let's start working towards it day in, day out.

 

[ZF Lee]

I'm not going to wait for my father to get rich anyways. So better than licking the wounds of not being rich, let's start working towards it day in, day out.

Heh, I know right?

I have never seen an article this cold towards entrepreneurship..it is an insult to our efforts and to value-providers like MJ and other Fastlaners, let alone the great Steve Jobs, Branson and Bill Gates

 

[ZF Lee]

I wonder what MJ would think of it?

 

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[458]

I think some of you may have read this article that stinks of bias and cowardice.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwi1ztL3g7_QAhWMv48KHQpaB1kQFggaMAA&url=http://qz.com/455109/entrepreneurs-dont-have-a-special-gene-for-risk-they-come-from-families-with-money/&usg=AFQjCNFMLdLOAUx-TBzkalJWU4Z_6CJLRQ&bvm=bv.139782543,d.c2I

It was a very painful read, but in other words....this article seems to state that if you aren't rolling in the dough, the Fastlane is pretty much busted, let alone entrepreneurship.

Reappeared on my FB after the first time I read it...I feel that I should share this in order to show how the mainstream media cuts off the only thing that could ensure financial independence and control.
Pretty sickening article to read...

Most "entrepreneurs" are broke.

 

[theag]

So you wasted time on reading a pointless article on some clickbaity millennial website and want us to do the same?

I wonder what MJ would think of it?

Maybe you should (re-)read his book on the topic? Obviously you didnt understand it.

 

[Scot]

more than 80% of funding[/URL] for new businesses comes from personal savings and friends and family.

HUGE difference between personal savings and money from family...

Personally, I've worked my a$$ off to get where I am and am using my own money to fund my business. I also paid for my college degree with scholarships and student loans.

Yeah, this article not only is insulting, but just plain lazy in their research.

 

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[TTG SS]

That's an article for victims of society, written by victims of society.

 

[smarty]

I wonder what MJ would think of it?

stop overthinking everything and overthinking how someone else thinks about this or that. Learn by F*cking doing. Only real world experience will teach you. Only by doing, the learning is valuable. Close 100 browser tabs reading 100s of articles, work on one project.

 

[smarty]

That's an article for victims of society, written by victims of society.

and read by victims of society.

and then replied here by victims of society I guess. so I'm out of here

 

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[MJ DeMarco]

I wonder what MJ would think of it?

I think it's a pathetic article probably written by a pathetic millennial who wants other pathetic millennials to buy into their pathetic little victimhood.

Probably written from a safe-space.

Note to millennials here: The fact the you are HERE means you are NOT pathetic and recognize the patheticness of what's happening to your age-group at the collegiate level. I give you props.

 

[Alxander]

I'm financially triggered

 

[lowtek]

Guys, this is GREAT. We need MORE articles like these.

The more people that believe they don't have the privilege, the money, the safety net - the WHATEVER, the less competition we have.

One of us should start a disinformation campaign; perhaps a blog about all the failures of entrepreneurship.

 

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[Mattie]

Reappeared on my FB after the first time I read it...I feel that I should share this in order to show how the mainstream media cuts off the only thing that could ensure financial independence and control.
Pretty sickening article to read...

Don't believe everything you read. Plenty of people make it. I believe M.J. stated he had $900 and built his website. I believe everyone has a different journey, and different people who help them get there. That kind of stuff I rarely read, because it is more of distraction. If you believed every article like that, you wouldn't ever take action, keep moving forward, and taking the risk. It encourages, self-limiting beliefs.
The way the world is right now, if you don't take risks, you might as go sit on the park bench with the homeless.

 

[Kevin Farney]

I'm financially triggered

Lol
Personally it's the all the "privilege" quotes that trigger me. It must be my privilege coming out [emoji14]

 

[Andy Black]

Guys, this is GREAT. We need MORE articles like these.

The more people that believe they don't have the privilege, the money, the safety net - the WHATEVER, the less competition we have.

One of us should start a disinformation campaign; perhaps a blog about all the failures of entrepreneurship.

There's no need.

People have been well trained to believe they aren't good enough to go it alone.

They have to do their absolute best before they hand in their papers to be marked. The thought of launching before it's perfect just doesn't compute.

Even if they went to a local enterprise sponsored "start your business course" they will be given a long list of action faking "needs" they have to check off before they can make their first sale. I know because I attended such workshops in the past.


If you've been a member of this forum for any length of time you'll see that the overriding problem people have is that they get in their own way and over-complicate things.

And that's the ones who've read the book, taken the red pill, and actually believe there's another way.

There's a lot of deprogramming before people "get" it.

I'd love it if more people took control of their steering wheel, but don't see it happening any time soon.

When you know how to listen, opportunity doesn't knock once but continuously like a drum-roll on your door.

There's so many opportunities out there that I don't think we'll ever have enough never mind too many bona-fide entrepreneurs.

So says my abundance mindset anyway...

 

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[jpanarra]

Most "entrepreneurs" are broke.

can't emphasize the quotations marks more to underline the real issue!!

 

[RHL]

>But what often gets lost in these conversations is that the most common shared trait among entrepreneurs is access to financial capital family money, an inheritance, or a pedigree and connections that allow for access to financial stability.

Top kek. Thanks for the tip, Aimee Groth, millionaire CEO. How could I have succeeded if I didn't have my wealthy and well connected family? You know, the family (God love them all) that drove 20-year-old, 200,000+ mile station wagons my whole childhood.

>For creative professions, starting a new venture is the ultimate privilege. Many startup founders do not take a salary for some time. The average cost to launch a startup is around $30,000, according to the Kauffman Foundation. Data from the Global Entrepreneurship Monitor show that more than 80% of funding for new businesses comes from personal savings and friends and family.

Wow. 30K. 30 whole K. Wow. If only it was possible for someone to get that money without wealthy and established family connections. If only there was some way a person could possibly get 30K without being born into opulence. -Sigh- If only.

One of us should start a disinformation campaign; perhaps a blog about all the failures of entrepreneurship.

You don't need to. That disinformation campaign is already a multi-trillion-dollar industry, courtesy of the people who manage your pension and IRA and who try to sell you a 1% interest CD every time they cash your checks.

 

[ZF Lee]

Most "entrepreneurs" are broke.

Event the richest ones 'are'. Apparently Elon Musk only gets paid $2000 from his companies even for that magnitude of his contributions.
I don't mind having a considerably low salary considered that when the big deals strike it big, I won't even need a salary...

 

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[ZF Lee]

Don't believe everything you read. Plenty of people make it. I believe M.J. stated he had $900 and built his website. I believe everyone has a different journey, and different people who help them get there. That kind of stuff I rarely read, because it is more of distraction. If you believed every article like that, you wouldn't ever take action, keep moving forward, and taking the risk. It encourages, self-limiting beliefs.
The way the world is right now, if you don't take risks, you might as go sit on the park bench with the homeless.

Or get a safe little job in a cubicle, I guess lol
Sigh, people just think that life is just a wild goose chase for riches or a bitter struggle for survival. Thus fear consumes the majority of the population to not take risks, let alone go Fastlane

 

[ZF Lee]

.

>For creative professions, starting a new venture is the ultimate privilege. Many startup founders do not take a salary for some time. The average cost to launch a startup is around $30,000, according to the Kauffman Foundation. Data from the Global Entrepreneurship Monitor show that more than 80% of funding for new businesses comes from personal savings and friends and family.

Wow. 30K. 30 whole K. Wow. If only it was possible for someone to get that money without wealthy and established family connections. If only there was some way a person could possibly get 30K without being born into opulence. -Sigh- If only.

.

$30000 is quite a big chunk for a startup that hasn't gotten any sales yet. Newcomers with that big a sum of startup capital is more likely to lose it through wastage and error. I mean, when MJ's company got bought over in the dot-com boom, those idiots were having customised T-shirts and bottles...

Everybody is putting up all the 'cool' gizmos like business cards, magazine features and merchandise. What wastage! Is there even a need? Marketing, maybe, but there are ways to provide it for free and with more impact.

For example I put a youtube video on history so that people could understand history in a much more fun way. It consisted of SIMPLE WHITEBOARD DRAWINGS. I JUST posted the video, no promoting whatsoever, and guess what, I got 5000 views. Some videos just collect dust. If I had turned it into a form of continuous marketing tool, let's say shit will get real...