There’s a certain kind of person who wants security in their life. We all know them. Heck, you may be one of them right now. These are the people who believe the best way to get ahead in life is to get a great education, get a job with a great company and strive to climb that corporate ladder. With each promotion, your quality of life increases, right? Well, not so much.
I can understand the allure of climbing that corporate ladder. The exhilaration of achievement. The feeling you get when you see that boost in the next paycheck. The pride that comes over you when others (who are all in the same mindset), congratulate you on a recent promotion. Climbing the corporate ladder is fun. I just have one question.
What’s wrong with owning the ladder?
This is where people jump in and start talking about security. You need that job with that big company because you never know what will happen running your own business. It’s just not secure, right? Well, what if we framed the situation in another way…
What if I told you that you were already an entrepreneur? What if I told you that you currently run a business, and that business is you? Your business is a service-related business. Your service is to show up at your location of work every day and perform your current job for your current customer, your “employer”.
When we look at jobs this way, it’s easier to see the reality. You ARE already an entrepreneur. The only difference in your business and mine is that while you only have one customer (your boss), I have thousands. All it would take is one person (or company), to make the call and you would be fired/laid off/downsized/let go, whatever the newest politically correct word is to use to make it sound like a nice thing.
I, on the other hand, have thousands of customers. Each and every one of them would have to fire me before I would be out of a job. What are the chances of them all deciding to do it in the same day? Not likely is my guess.
In fact, I have so many customers that what would be more likely is that if a few people started to fire me, I would start to see a trend forming well before I was fired by them all. In this way, I would realize that it may be time to change directions. The market may have turned and it would be time to change my focus of that portion of my business. This is called “the pivot”. Understanding the pivot is key to understanding entrepreneurship.
When markets change, they usually do so slowly. It takes months at the very least, and usually a year or two. When you are the one seeing the financials, you can spot the trends. You’ll know when there is a change and you can respond to that change. When you are an employee, you are usually kept in the dark about shifts in the market. You don’t know how business is going. Your first indication that you are going to have to perform a “pivot” of your own is the day you walk in to find a pink slip on your desk. Those types of pivots can be the most painful and stressful ones. Now you have to go out and find another single customer to sell your services to.
You see, I not only have multiple customers from my business, I have multiple businesses providing multiple sources of income. If you have a job, you have one customer. I have multiple customers from multiple different sources all combining to ensure I will always be employed.
This brings me to my next point. Entrepreneurship is fun. It’s fun because you are helping people. Ideally, if you’ve found the perfect business model for you, it won’t even feel like work. It’ll feel like you’re just helping people. Because you are.
My hope is that it would almost come as a surprise to somone to realize that they were adding to my income streams. That’s because it’s not really my first goal. My first goal is to help people. I could be helping people by bringing a product to market that enriches their life. I could be helping someone by assisting them with the growth of their business. And of course, I love helping people by providing them with valuable information.
My goal, first and foremost, isn’t to make money necessarily. It’s to help people. The dollar bills I earn are simply certificates of appreciation that those who I have helped in some way have kindly provided to me. Helping people is what makes the freedom lifestyle possible.
Entrepreneurship is meaningful. It’s something you can take pride in. It’s something you create, not just take a part in. It’s something your family can not only participate in, but ownership can be passed down to future generations. By becoming an entrepreneur, you’re not just changing how you make a living. You’re changing your family tree.
You are handing your children and grandchildren a gift. The gift of freedom. If they choose to carry on the business you’ve laid out for them, they have the chance to experience freedom the likes the general public never get to experience.
There is a reason I call my brand “Touring Freedom”. I doubt I could ever put more simply what is almost a philosophy for me. It really all boils down to that. The freedom to tour. The freedom to travel. What it really means is the freedom to do whatever the hell I want, because if I have built streams of income that are so stable that I can travel full time, it is ultimate freedom. You just can’t top it.
Sure, some others believe they have found a similar freedom because they can “travel” full time in their RV. They work camp for a few months in one campground, then they’ll go gate guard for an oil field for a month or two. Are you truly free when your travel plans must revolve around where you can find your next gig? What happens if you get to an area you don’t like, or you’re working with people you don’t care to be around? In most cases, you’ll have to find another gig to go to so you can survive. Trouble is, there are no good last-minute gigs. Those are spoken for months in advance. That’s not freedom.
Still some claim they have found freedom because their employer allows them to telecommute. Maybe they have an IT job that they can take with them anywhere. Maybe they are an accountant that simply needs to enter data into software.
That’s freedom, right? Well, not really. What happens if you are not available when they need you, whether that be scheduled hours or daily tasks? How many customers do you have?
If you’re a freelancer, that’s better. At least you can’t be fired so easily. That’s one in the plus column. The drawback to that is, a lot of times in the freelance business, you never know when a client will need a job done, and you’ll have to be there ready, willing, and able.
You can see where I’m going here. In these type of telecommuting situations, you are really only more free by a matter of degrees. At the very minimum, you have to be in a location with good internet availability at all times so that you can provide your chosen service to your customer.
Don’t get me wrong. Work camping and telecommuting are good things. They can get you out on the road. They’re just not what I would consider “true freedom”.
True freedom is when you’ve set up income streams that you control. No, I’m not trying to push the magic “passive income” words on you. The streams I’m talking about aren’t completely passive. I really don’t believe truly passive income exists outside of straight up investment income, and that takes money.
If you don’t have millions of dollars to invest so you can live off the interest, dividends, and returns, you’re gonna have to work some. The freedom comes in when you control when, where, how, and with whom. Those three things govern how free you are regarding your income stream.
You control when you work by how you work. You can load up on work for a while so that you can take a few weeks off. You could choose to outsource some of your tasks so that your input into the operations of the business aren’t needed as often. You could set up a system where people are paying you for things you’ve already done or produced. You’ll still have to work, but you choose how that work is done.
The control over where you work is a little tougher. In most cases, you will still have to be able to access the internet in some fashion. In this way, the where is closely tied to the when. If you can control the when, you can control the where.
You control the how by simply choosing a method of income generation. I cover several options in my writings for this website. I hope you will be able to choose several from those I go over.
And of course, you control the “with whom” most ultimately, especially if you’re in an RV. You don’t like your neighbors, move. Now, if you don’t like your traveling companions, that’s another problem. Quite likely an entire other book, in fact.
I undoubtedly believe that starting an Amazon based business is the best first step into entrepreneurship and the freedom lifestyle. Not only can it easily replace your full time income while you are mobile, but it will also give you some experiences and skills that will be useful when branching out to add more streams of income to your portfolio. It is a valuable skill that could be whatever you want it to be. It could be a fun source of part-time income, or it could be the cornerstone of your business empire.
Whatever you want Amazon to do for you, you need to get started first. If you still haven’t taken the first step, use the form below to pick up my free eBook. It will take you through the first steps you need to take to get started growing your Amazon business.