Sacrifice, Sacrifice, Sacrifice
I constantly read about successful women who have also sacrificed financial gain to go out on their own. For example, Deryl McKissack Greene made only $3,000 in the first year of her now-extremely successful architecture firm, McKissack & McKissack. In fact, that first year, she was so broke that she was forced to use her parents’ credit card for groceries.
More Money Going Out Than Coming In
Even a brilliant, wildly successful entrepreneur like Janice Bryant Howard—the first black woman to own a billion-dollar company—saw more money going out than coming in when she first started out. Her billion-dollar staffing business, ACT-1, wouldn’t have been possible if it weren’t for a $1,500 loan from her family. Her success didn’t happen overnight either. It took a lot of blood, sweat, and goals to get where she is today.
I can’t tell you how many times I’ve talked to people who say,
“Oh, I don’t want to spend all
if I’m not making anything now.”
Each time, I tell them the same thing: “It is all about training your mind to think differently.”
Our society is trained to work forty hours a week and expect that paycheck on Friday. Click To Tweet We automatically object to any deviation from the norm.
Entrepreneurship doesn’t work the same way as a full-time salaried position, and making the adjustment to uncertain paydays and widely varying amounts can be very tough.
When I started my own business, I had to shift my thinking from “I’m wasting my day because I’m not making any money” to “I may be working for free now, but I’ll eventually have money coming in forever—and may never even have to work again.”
The brain is a muscle, so exercise it.
Reach for the challenge of taking a long-term versus short-term approach to your finances.
You have to be able to work for free in the beginning.
The potential to earn money down the road, even when you’re not working, is real.