I’ve taken a short break from the BeneFactory blog to do a little reflection, but as you can see- I’m back! I wanted to identify exactly what the BeneFactory blog was about and what it was going to be about into the future. My business will be going into it’s winter slowdown time (we are kind of seasonal) but that doesn’t mean I slowdown!
I have figured out what BeneFactory actually is (or isn’t rather) and will continue to be. “We are not news”! This blog is not news. News is being done and the whole idea behind BeneFactory is to look for what is not being done. I just updated my phone and notice the new “News” app that came in on the iOS 9.whatever. I clicked on the app and it gave me a menu to customize my news feeds. I really like this app because I know the types of news I like to read without being inundated with crap. But I notice there are a million different news blogs out there. There are so many to choose from and the list just kept getting longer and longer as I scrolled down the menu. I picked about 10 blogs I liked and moved on with the setup. That got me thinking. Nothing in this list was about being inspired to run or start a business. That is what BeneFactory is going to be, inspiration and attitude for the business owner, entrepreneur and future entrepreneur.
I have been called the “Mr. Inspiration” or the “inspirational entrepreneur”. When people are done hearing me speak for about 20 or 30 minute about starting a business they are literally ready to do it! Let me give you a short example of my mind levitating powers to inspire entrepreneurism:
My wife and I were at a party at my neighbor’s house one evening. There were lots of our friends at this party and we were socializing with adult beverages nicely when a friend of mine asked me about my business. I talked about my business and that we were doing well and had a lot of projects out in front us and then he asked a question that I get a lot from people who might be looking to start their own operations. He said, “how are you sleeping at night”? I know this question well because I do get asked it a lot when people are moved by my own actions to be an self-employed entrepreneur. I knew he was up to something but I didn’t know what. He had an idea in his head about starting out on his own and knowing where he worked also solidified my own ideas that he was looking to do something. Once the – How are you sleeping- question is asked, I make my move. I went into a 20-30 min dissertation about business that seems to the listener, very well rehearsed! It is so well done, the listener has no time to ask anymore questions or interrupt and argue their own fears of self-employment. During my speech, I never ask what the idea they are having is. I make it sound as though its a trade secret and we will need to talk about it later in closed doors. I end with saying I can’t wait to hear more about what you are thinking about doing, so lets get together next week. They are left with a new found energy to keep pursuing their dream and an anticipation to talk to me about it again. Later that evening my friends wife came up to me and said she was apprehensive of her husband’s idea of starting a business but after hearing me talk about it, she wants him to keep going with it! That is the power of Mr. Inspiration. She also said that I should have a branch of my business that motivates people to start businesses. BOOM! BeneFactory was born!
Okay, so BeneFactory is about inspiration, motivation and attitude when it comes to startup or business. The title of this blog article is “Don’t want to go to College but you still want to be wealthy”? Let’s go with that theme and see if the following will inspire you, especially if you did not go to college!
You didn’t go to college. Even though your entire youth was spent preparing you for it and all you ever heard from teacher, parents, grandparents and mentors was- if you’re going to have a future, you have to graduate college! Or what if you didn’t finish college or university like me! Are you destine only to the low wage jobs of fast food or running a shovel. I should think not! What I’m about to tell you cannot be argued so let me start out by making sure you know that I think everyone should go to college or attend a university. It is an experience like no other in your life and to have the types of experiences I’m talking about you would have to have went when you were young. There’s nothing wrong with going back to college, just don’t expect it to be like it was. I loved my days at university but it was far from the best years of my life but what I got out of it was invaluable. Now let me ask you this question- is a university diploma a requirement for success? Well, we all know that’s not true but what about- is it a requirement for getting wealthy?
There are some that would say yes, if you plan to be rich and wealthy a college degree will help you get there much faster but I’m not so sure about that! Here’s why: There are two kinds of people in the world, 1) those who are looking to get hired and 2) those who are hiring. When a person graduates college they immediately start the job search or they take an internship with a company in hopes to get hired soon! What about those of us that either didn’t go to college or didn’t graduate. We too were looking for jobs but there was no offer of internship anywhere. It is a true fact that non-college grads will have to work a lower waged job for a time if they choose to work for someone. Eventually they will work their way up through the company and start to make better money but I say this; Why not just be the BOSS?! Why not be the boss of really great company? If you are non-grad, you are never going to be promoted to CEO anytime soon where you’re working now so why not be the CEO of a different company- the company you started!!! If you start it, you can be anything you want , Right? Oh, and I haven’t even told you the best part yet so here it is, when you are self-employed, you will be making much more money that most all college grads and interns who are the same age! Whose the genius now sucker. Let me tell you my short story with this: I left college when I was about 24. I got married, had two awesome kids and worked for big oil until I was 39. For 15 yeas I worked my way up the companies until I was let go due to a falling market. I started my business vs looking for a new job and by the end of that year I had made more money in 11 month of business than I had made in 15 years with big oil put together! This was big life changing type money, not just a few thousand more than I made before. I’m talking hundreds of thousands more! IN JUST 11 MONTHS! Talk about you eye opener.
I was now making more money than all the managers and engineers at the company I used to work for. I had more time with my wife and kids, I didn’t have a micro-managing boss watching over me and I had more freedom. I’m not talking about more freedom from work, I mean I have more economic freedoms! Since I was making much, much more money than the people I used to work with, I was able to pay off most of my debt. So now let recap what I have: more money, more time, more career freedom, more economic freedom, and I (and only I) get to determine just how high I want to fly! No one else get to decide this for me. Oh… sure, it can be hard sometimes but so is working for a living. I have decided that life is just going to be hard and not fair so why not capitalize on it and make lots of money! Here’s the other thing, colleges and universities still benefit me even though I’m a non-grad. How is that you might ask?! Its all in the way you look at it. I’m an entrepreneur, a self-starter, the boss, and a businessman. I need competent educated employees to work in my company. So if I need engineering for my company, I cannot do it- I’m not an engineer (remember I dropped out of college) so instead of spending lots of money and valuable time going back to college to become an engineer, I will just hire one! or two! Doesn’t that just seem much easier? I need engineers, computer specialist, marketing specialist, business admins, accounting professionals, project managers, etc… Even though the university let me down when I was young and I failed at it, it has become the gift that keeps on giving to me now that I am older. The best part of the whole thing is its a gift that costs me NOTHING! Yes, who said nothing was free. I get these young educated professionals to come work for me at no cost to me! (A paycheck doesn’t count, it’s just like a business, an exchange of value.) They sell me their time and profession at a discount that I get to resell for a premium with a resulting profit. How awesome is that?!?!? And they are the ones that spent thousands of mom and dads dollars to come work for me and make me rich. Sounds cruel doesn’t it, but it’s true. If you really think about it deeply, some really hard working parents are busting their humps out there right now working overtime and extra shifts, refinancing their house and borrowing against their 401K just so little Johnny or little Susie can go to college, become educated and turn around and come work for me so I can live the good life!
Now understand educated business people do the same thing but my point is, you don’t have to be educated or college grad to do as well. In fact, it could be said the non-grad might do it better! Here’s why: For those of you that still think you have to graduate college to become rich, listen to this- non grads are rocking technology! We get it! Its not that hard. Of course we can’t code or hack but there’s an app for that! Did you know there is technology coming that will allow me (non-grad) to understand anything I want. A lot of it is already here. We don’t have to know all the super technical stuff to be heavily involved or the owners of tech companies. Someone has already done the work for us and now the tech playing field is level (thanks to college graduated techies). What I’m saying is; if we don’t understand it, we just hire someone who does. BOOM! we keep moving forward. That is what the entrepreneurial mind is all about. Here’s a perfect example: as I type, I am working on a WordPress blog site. In fact, I am running two different blogs on WordPress. If you’ve never been around WP, It’s not the easiest thing to learn. It can be somewhat complex to the non-computer person but after a few short YouTube how-to’s, some Google and one $26.00 eBook on SEO, I’m up and blogging about how awesome being a wealthy college dropout is and at the same time I am running 3 different companies that I founded. I don’t know? I’m just doing what is freely available to me and most anybody who has the balls to try!