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RE: Grant Cardone is Now on Steemit!
Question for you:
How do you separate the wannapreneurs from those who are truly building businesses? I've built my business for over 10 years now, and I often hear people say how great it would be to own their own business or work from home, etc. Usually they aren't willing to put in the time and effort to make it real. That or they are in a fairytale land with regards to how business works.
Revenue - Expenses = Profit
If that number's negative, you may have a hobby.
How do you work with people who will gladly pay for a seminar ticket but not put in the work to build something real?
I'm just learning about you now and will be checking out more of your content. Thanks for joining our community.
Good point. Usually, until you make an actual sale you are a wannapreneur, but using a positive profit as a gauge I like even better!
About to find out which I am. Spoke at my local Real Estate Investor Association (REIA) last night and of course promoted my ScaredyCatGuide - Investing in Real Estate book that just debuted.
We will find out soon if I am legit :-)
Congrats!
The real deal @lukestokes 😎... We can Steem about it! LOL
How often does he has those conferences? are they in LA?be cool he uses 10x tag to make a point higher ;)
Marketing at its best... this year it may be in Miami again, get a ticket :)
charles I had no idea you were on steemit lol
Hey now @awakealiveaware ... Omnipresent haha, I got started about 12 days ago. Just followed ya! :)
haha I got started about 12 months ago tooooo - well July 26th. So funny. Haven't been as active though, definitely going to be keeping updated it with it more frequently. Glad you're on!
I had an account in AUG. but never used it and lost my password 😂😂😂... so far so good with steemit, 💪🏼🙌🏼💯
Or a startup that is growing fast enough to cause a multibillion-dollar multinational to write you an enormous check.
Lots of Real Businesses are simply vehicles to generating value via a technological experiment, which is valuable to the biggest of the big companies in the space, even without meaningful revenue or profit. Look at Instagram, for example - clearly worth a tremendous amount of money, and not a hobby - but no real revenue. Didn't stop FB from buying them. Or from Google buying Dodgeball, or FB buying WhatsApp, or a bunch of others. Real value, real money.
You're describing unicorns though. They are very rare and most people starting businesses today are not building the next Facebook unicorn (no matter how much they might want to pretend they are).
I don't think an exit is the same thing as building a successful business. I wrote about this 10 months ago if you want my full thoughts on the topic. Being bought up may mean you built something valuable which could have some day been turned into a successful business... but if never made a profit, wasn't it just bought out by a successful business just because it might have some day become a threat? I get that I'm over simplifying things as many publicly traded companies purposefully operate at huge losses in order to put money into R&D and marketing and have more control over their quarterly reports (i.e., they could flip a lever and be profitable right away, but are more interested in growth). I'm more talking about individuals working to build a business who haven't been told the whole story of how hard it is and how much work it takes.
I guess I just have too many friends who did the "start up" routine and ended up with nothing to show for it but wasted time.