The Purpose Of Building A Business In Learning

The population of students starting their own businesses after graduation and even while studying is showing an increasing trend. I can't prove this fact with statistics and studies conducted, but it seems to be pretty prevalent in our culture today. With stories of more and more young millionaires born every minute, I dare say more and more people are in their golden years during their roaring twenties.

To start with, the idea of attaining financial freedom early in life is indeed romantic, which explains why it is easily embraced. Also, the fact that one has lots of opportunities in their early years to make mistakes and explore new ground and to pick themselves up again after failure is an encouraging situation for budding entrepreneurs.

My senior coursemate who spent a year in Silicon Valley on a special internship-study programme shared with me the culture there. He said something with the following effect: "Young enterprising graduates/students there are excited and are ready to use the opportunities to grow themselves. A team of friends doing a start-up and running a business are driven by elements beyound profits. What more, they are not afraid of failure and loss. Venture capitalists are more willing to invest in someone who have done a start-up and have failed than to invest in someone who has a successful and smooth-sailing business. They are not afraid to go bankrupt, because they go through bankruptcy and start again from the beginning with the new found lessons and experiences."

They grow themselves through their business. A business as a vehicle for income, and a vehicle of learning. "Learn to build your business and build a business for your learning".

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When I was in my teens, it seems as if I attract a lot of these attractive offers.
I can find them in many places. Newspapers, flyers, brochures, websites .....
Everywhere.

Anyone with some common sense will practice caution when dealing with these claims.
However, common sense like this is never common practice.
It is easy for one to detect the superficial lies and falsehood behind these beautiful dreams. They don't know how they know it, they just know, they can feel it.
However, they don't act on it.

To make matters worse, the very same kind of traps are less obvious to detect and thus harder to protect ourselves from. It can be a title of a book from a bestselling author, a teaching by a motivational speaker, or a lesson by a local millionaire who went from rags-to-riches. And more often than not, we turn into their easy preys.

Books make wealth accumulation so easy and simple.
Why? It is easy and simple to read the book.

Seminar speakers make you believe you can do it too in a very short time through some financial vehicle.
Why? It is easy to believe people.

Many authors use cliches like this in their books :"Don't work hard for money, let money work hard for you." Actually, these author say much more than that. After reading such books, I always believe being rich is as easy as making a decision to be a millionaire. I am ready to defend the author's credibility and reputation anytime if tested by other people. I thought it would be great if I could have him/her to be my mentor. After one book, I read another, and another, and another. Since these books are expensive, I borrow them from libraries and friends. I even insist on making copies of the book even though I could have easily taken notes. I wanted to attend seminars, get their boardgames, become their protege, consult their expertise.......

Now, have you ever thought how these people got rich in the first place?
(*Hint: Read the paragraph above)
Did these people get rich by selling shovels to the miners during the gold rush?
Or did they mine first before selling good shovels?
Everybody already knows that in their gut.
But for some reason, to protect the romantic dreamy illusion painted for us, we believe them.
We believe them READILY.

Now, I don't mean to attack any author's reputation and credibility. I'm just testing it.
Read this article by John Reed to understand what I'm trying to put across.
http://www.johntreed.com/Kiyosaki.html
It is a good illustration how bestselling authors on wealth can be feeding us wrong information which are can be dangerously expensive later.

Conclusion: Take everything you see, hear and learn with a pinch of salt until it still makes complete sense after much thought and debate.
Never take teachings to be the holy grail and render oneself into slaves of the media.
We have the ability to think individually. Don't let others do the thinking for us.
Sometimes, the hardest way to wealth is "the quickest way to be rich now".
Shortcuts are the quickest way to be broke.