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Troy Kirby

Thursday, May 19, 2011

Just Have Fun, Money Is Secondary


Thinking BIG is something that people don’t do enough of. They think small by thinking large (if that makes any sense at all). You can think BIG but you need the details of how to develop what it is you are going to do. Having a plan is a first step in that process and understand that most businesses do not make money their first few years.

That’s one of the things I’ve constantly been hearing from friends. There’s no money in it (whatever industry “it” is).

My response: There’s not INSTANT money in it.

Everything takes time.

Example: My friend in Seattle owns a bar. He put up $100k, his brother put up $100k, they borrowed $50k from the bank.

Because the bar is busy, everyone keeps telling him that he needs to franchise, expand. Open up another place. But here’s the skinny: He’s not making money on it yet. They’ve gotten about $200k out of the business in a year and a half, but still owe the bank the $50k from their loan.

No one sees that. They see INSTANT success. Either yes or no. Either you made it or you didn’t.

Maybe it takes 5-10 years to be successful at something. Why not just try it, continue to work at it.

Here’s a quick story about a woman I know. I think the world of her. I always will. But she had a habit of quitting things, not doing things, because she wasn’t INSTANTLY making cash at it. Even though making money at something wasn’t the point. Even though she didn’t need the money anyway in order to exist. But she figured the only way to develop any idea that what she was doing was worth anything was to generate capital for it.

My thought: You should do it if you have time, you want to make the time, it hurts no one, and it makes you happy.

Worrying about anything else is ridiculous.

Besides, what are you doing with your time anyway if not doing something that you love?

I would hate to think that aside from food, sleep and shelter there is anything stopping you for having fun with your life.

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