Like Tom Hanks said in A League Of Their Own: “It’s supposed to be hard. If it were easy, everyone would do it”, becoming rich takes work, but it is not impossible to accomplish.
All successful and rich entrepreneurs started their business from zero at some time of their lives. They were typical persons like anyone else, but they decided to become rich by changing their habits and the way they see money.
All successful and rich entrepreneurs started their business from zero at some time of their lives. They were typical persons like anyone else, but they decided to become rich by changing their habits and the way they see money.
Here are the reasons why you are not rich yet:
You think you don’t have what it takes
Like everyone else, you want to be rich, but you constantly think they won’t be. You have to believe you are going to get rich, or better yet, think of you as you are rich already. If you believe you are already rich, you will eventually think as a rich and successful person.
Think what you would do with some of your money if you were a rich and successful business man, I am not referring to spend it buying expensive clothes, but if you have $300 now; think of the simplest way to make that $300 become $600 in some time. You got it? Then you have a business idea.
You are lazy
You are at your home, sitting on your couch, and then some good idea comes to your mind, a business idea. Then, you start thinking forward: “if I want that thing then I need to do this thing, but I cannot do it if I talk to…” and it goes on, at the end, it will be too many things and you feel better not doing it at all. Some people have very good ideas in mind, however they think way too forward on what it needs to be done, and then they throw the towel.
The best way to beat laziness in business is to think what you can do now, today, tomorrow is another day, for other tasks, which eventually you will do them when they need to be done.
Like many people say, life starts at the end of your comfort zone.
You pay attention on what other people think
This is one of the worse, mainly because of two reasons: first, you spend all your money buying clothes, accessories, a car, a house, only to make other people think better of you; second, if you ask people around what they think of your new business idea, more than half will tell you it won’t work (usually the same people that actually don’t have business at all).
To be a rich and successful entrepreneur you must live your own life, made by your own choices, not someone else’s.
Lack of diversification
Many entrepreneurs have two, three (or more) business based of totally different topics. It is good to try many different things both in life and business; it might give you new ideas that can make you become rich faster than you might now it.
You feel fine where you are now
You don’t like change, so you don’t want to change. This impacts negatively on your way of thinking about business. If you are not rich now, and you want to become rich, it seems pretty obvious that you will need changing. To become successful, you have to know where you are now, accept your mistakes and bad habits, and decide to change the way you live by learning of them.
On your path to become rich, there will be many mistakes coming to you, and changes are inevitable.
You don’t do what you like
Either you don’t make enough time to do things that you like, or you have a job which you don’t like at all, this affects your way of living by giving you bad financial habits. Which ones? You will be living in stress mode every day, which will lead you to spend more money on buying things to try to relieve that stress.
You have fear
You have fear that you will fail, but if you don’t try how will you ever know? And either if you fail, as I mentioned before in this article, during the path of business there will be mistakes waiting for you, so you will learn from them and move on.
You have fear that you will lose money, this happens when you are so used to spend money buying things, then when you are investing some in your business you think you are actually spending it.
When you are reaching your goals in business, fear will always be there, there are risks you take when doing a business, and on the way you will learn how to minimize them.
You don’t make a plan
Becoming rich is a life project which will involve business startups, investments, work, marketing, meeting people, and many other activities along the way. You will need to prepare or write how you will become rich from the beginning; will you develop an idea and make it a business?
Divide your business project in several small goals, set a time to accomplish the first goal, and then move to the next one, and so on, so making a plan will help you progress step by step.
If you don’t have a plan, it will be very difficult to see progress on your life.
You don’t have patience
As mentioned before, a business plan has a set of goals which will be accomplished time per time. Time is inevitable, there are ways to make more goals in a specific time, but still time will tell if you will reach success. Patience is an important thing to consider when being an entrepreneur, becoming rich won’t happen overnight; it takes a lot of progressive work over days and months in order to see results.
You think rich people and money are bad things
You think that money makes people obsessed, and rich people are corporate manipulators that make everyone spend all of the money on their products. Most of rich people either run an organization or give a lot of their wealth to different charities. Also, business owners not only want to work, but also to grow their company, create more work and give jobs to other people, what can be wrong about that?
You don’t take care of your money
You already have some income, maybe because of a work, or from somewhere else, but you don’t control how you spend your money. Taking control of personal finances is important, knowing how much you spend on food, bills, transportation, entertainment, checking how much you can save from your income each time, see if you can decrease some of the spendings to save more. Some of the money saved can be invested in one of your business idea, use money to make more money.
Do you have any other reason to add? Please share your comments.