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I want to go ahead and get started chronicling my journey even before I have a set business idea in motion. There is a lot I can do now to move the needle and perhaps it could eventually be helpful for someone seeing how I, who literally just read the books last week, jumps in and takes actions.
So first, my context:
I am 27, married, and have a third kid on the way. My wife (who stays at home with the kids) is cautiously open to all of my new zeal for entrepreneurship. Selling her completely will be a process.
I have what many would consider to be a great opportunity for a job. I am a freight broker making good money (I estimate I will finish this year at about $100K). I run my own book of business setting up trucks to pick up loads for my customers. The job is essentially all commission and I oversee the entire process. It's about as close as one can get running his own business without actually owning it.
Because of the unique nature of my job, quitting right away probably wouldn't make sense for a few reasons:
1. It's not ENTIRELY slowlane. I don't get paid salary or hourly wages and have much more leverage over my income than most jobs offer.
2. I have a family and well... they get hungry
3. There is a great deal of the UNSCRIPTED principles I can apply directly to my job now that will likely A.) increase my revenue and thus paycheck, and B.) be a great learning experience for the future
4. I can grow my income while simultaneously freeing up more and more of my time. The more revenue I produce, the more assistants I am rewarded to delegate work to and the more time perks I receive. I can eventually work 3.5 days a week while bringing in a handsome income. This would both provide me with time and money to invest into my own business.
In the meantime, I am generating ideas and will be working them through the first few few steps of 7 P's of Process. My goal is to be in the prototyping stage with business plan that makes C-E-N-T-S by Christmas (7 months from now. If at any point it simply makes more since to drop my job to dive entirely into my own venture, I am prepared to take the leap (now my wife on the other hand...).
I am also applying as many principles and processes from UNSCRIPTED as I can with my current job. While Control and Entry are kind of a moot point here, I do think I can find ways to skew value (Need), separate my time more from my work (using HR systems and finding ways to automate parts of my job), and of course try to scale it up as much as I can.
My hurdles:
1. The big one, RESPONSIBILITY. And right now I have a lot of it. I am the sole earner in my home and kids are freaking expensive (we are spending 6 grand just to have a baby!). In both money and time, my family has needs
2. I'm still a little green. Other than MJ's 2 books, I don't have a great deal of knowledge about entrepreneurship.
3. Personal Weakness: I can be idealistic, impatient, and inconsistent.
Other than that, I'm excited and eager. Looking forward to looking back on this first post a few years from now.
I hope to have a process laid out here that will be helpful to others in the future.
(Also very open to feedback, even if it's critical)
So first, my context:
I am 27, married, and have a third kid on the way. My wife (who stays at home with the kids) is cautiously open to all of my new zeal for entrepreneurship. Selling her completely will be a process.
I have what many would consider to be a great opportunity for a job. I am a freight broker making good money (I estimate I will finish this year at about $100K). I run my own book of business setting up trucks to pick up loads for my customers. The job is essentially all commission and I oversee the entire process. It's about as close as one can get running his own business without actually owning it.
Because of the unique nature of my job, quitting right away probably wouldn't make sense for a few reasons:
1. It's not ENTIRELY slowlane. I don't get paid salary or hourly wages and have much more leverage over my income than most jobs offer.
2. I have a family and well... they get hungry
3. There is a great deal of the UNSCRIPTED principles I can apply directly to my job now that will likely A.) increase my revenue and thus paycheck, and B.) be a great learning experience for the future
4. I can grow my income while simultaneously freeing up more and more of my time. The more revenue I produce, the more assistants I am rewarded to delegate work to and the more time perks I receive. I can eventually work 3.5 days a week while bringing in a handsome income. This would both provide me with time and money to invest into my own business.
In the meantime, I am generating ideas and will be working them through the first few few steps of 7 P's of Process. My goal is to be in the prototyping stage with business plan that makes C-E-N-T-S by Christmas (7 months from now. If at any point it simply makes more since to drop my job to dive entirely into my own venture, I am prepared to take the leap (now my wife on the other hand...).
I am also applying as many principles and processes from UNSCRIPTED as I can with my current job. While Control and Entry are kind of a moot point here, I do think I can find ways to skew value (Need), separate my time more from my work (using HR systems and finding ways to automate parts of my job), and of course try to scale it up as much as I can.
My hurdles:
1. The big one, RESPONSIBILITY. And right now I have a lot of it. I am the sole earner in my home and kids are freaking expensive (we are spending 6 grand just to have a baby!). In both money and time, my family has needs
2. I'm still a little green. Other than MJ's 2 books, I don't have a great deal of knowledge about entrepreneurship.
3. Personal Weakness: I can be idealistic, impatient, and inconsistent.
Other than that, I'm excited and eager. Looking forward to looking back on this first post a few years from now.
I hope to have a process laid out here that will be helpful to others in the future.
(Also very open to feedback, even if it's critical)
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