Ben Means Business

Every entrepreneur has dreams of developing financial freedom through their business. However, you have to ask yourself at what point are you independent and how much will this freedom cost you. Success cost something and most of time the price of success cannot be measured in dollars and cents. My experiences have caused me to measure potential business opportunities differently.

I now consider how much time the venture will cost me in comparison to the amount of money I will make. Freedom for me is more about time than it is about luxury. As Yaro Starak states, I would rather make "$5,000/month working 2 hours per day than make $10,000/month working 10 hours a day." It's all about what is important to you. If you view potential business opportunities this way it will help you to make business moves that will enhance your life as well as your bank account.

Greed vs. Accomplishment?

There are some people who would rather work the 10 hour day for more money. They may just possess a drive to get more; or for these people, money may be freedom. Now I must say that most people who prefer this method are simply greedy, but there are some who do it simply because money, for them, signifies accomplishment. In this case it is totally understandable. We have all contributed to this way of thinking. It is common practice to see large houses and luxury cars and immediately give a certain level of respect to the owner of them. Therefore, most people are motivated to obtain "things" rather than personal freedom.

I used to be one of those people until I began to try and achieve this status and realized that I was not happy. So I now choose to participate in ventures that yield a high return for a limited investment of time. I am constantly on the look out for these types of opportunities. I have attempted several money making ventures that I eventually quit because I just didn't want to make the kind of time commitment that was required. The lure of the million dollar business initially attracted me to those opportunities but I soon recognized that I would rather make less money and have more time.

The "Store Owner Lady"

I was recently talking with a colleague who told me about a lady he recently met that owns a dollar store. He spoke about how she was 1 of only 2 employees in her store that was working that day. She was running around, noticeably stressed, attempting to be the manager and an employee at the same time. She would often go into the back in order to complete office work and return to the floor to work the cash register when lines backed up.

This lady is obviously not in a situation to leverage her time effectively. The store is probably not be making enough money to hire more employees, so she is required to work extra hard in order to maintain her income. This is absolutely the worst way to make money (other than being in a cubicle). This all goes back to Robert Kiyosaki's "Cash Flow Quadrant", which clearly expresses that the most efficient way to make money is by owning a "system" instead of a "business".

The "Store Owner lady" has the right idea by choosing to own her own business but she obviously did not take the time to evaluate what this type of "freedom" would actually cost her. So, while we all endeavor to seek financial freedom, I encourage you to make sure that your entrepreneurial path leads to your desired end. Be blessed and Leave your Comments.....