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Written by admin
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Thursday, 14 September 2006 |
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The young entrepreneurs are provoked by a several things like passion for the execution of their ideas, world improving, and of course financial reward. In fact the financial reward is one of the important attitudes of the entire entrepreneurs. Especially the young entrepreneur motivated towards the financial reward which conclude their wealth status.
We are getting overconfident as the time progress as we see our businesses is starting blowing up and also starts flying. We are thinking that we are now a position to show ourselves richer. All these types of thoughts are flowing in our mind with a think of "I'm going to strike it rich", which is a very silly thinking. In fact some of us are thinking they are now in better position in rich without seen their businesses dismount from the ground. However this is an extremely risky mindset when it comes to our future wealth. All of a sudden we find ourselves "spending as if." What do I mean by that? We find ourselves spending as if we already struck it rich, as if we just got acquired by Microsoft, or as if we just became the next Myspace. Whereas, we should be investing as much capital as we can into our ventures, we start to waste money on things that would be downright detrimental to the business. We start thinking along the lines of being able to pay off our frivolous purchases after our business blows up. By spending now and failing to save or invest, we are already setting ourselves up for destroying any future possibility of real wealth. Of course, this is not to say that all entrepreneurs start following this line of thought. Entrepreneurs are one of the most determined, unwavering, and focused individuals I know. This is just to say that it's important to keep focused on the end-goal and not get delusional along the way.
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