Hi Everyone,
I just recently finished the book during my trip to China. I took this trip because my cousin was getting married over there but really I just needed a break and take some time to reflect over my life. I'm Chinese and just turned 26 BTW.
When I was reading the book, I couldn't stopped reading because it clicked with me on some many different levels. Especially about the part talking about money in relations to time (reminded me about the money In Time). It made me really value my time now that I came back (cutting off TV, video games and even porn) and I started to read more and take time to learn life skills such as selling and marketing. Before I was just wasting my time doing nothing productive and half-assed my businesses.
I graduated at the height of the recession in 2008 so the job market was pretty much dead. At the time in college, I was already making pretty good money buying/selling/repairing Apple related products like iPhone and Macbooks. My ex suggested I should do real estate since it was just like what I was doing but on a bigger scale. So I got my real estate license at year. During that time, I started to read investment/financial books like "Rich Dad Poor Dad" and believed that to accumulate wealth, real estate was the way to go instead of the traditional investments like 401K and stocks. I still believe it right now.
Soon afterwards, I got my loan officer license as well by working as a loan processor for a mortgage company for about 5 months. I did a dozen of transactions for each area but still didn't have the motivation to hustle. Basically, I wasn't going out everyday to chase business instead letting the business come to me. Soon enough, I went into the insurance business as well because I heard the residual income was good once you built up your clientle. I got my license, received some training and started my short-lived time as an insurance agent. They don't tell you the hard work you would have to put out initially to actually make the business work.
It was during that time that I discovered Internet Marketing which sparked my interest because of the possibilities it has. My boss at the mortgage company exclusively used IM to get leads for his company. So I believed its power. I sunk my teeth into it as soon as I could learning everything from building WordPress websites to doing SEO. I built up several sites as well as created marketing company that deals with small businesses(got it ranked first page of Google for local SEO keywords). I started prospecting and saw little results so my confidence has been taking quite a few hits. I know it takes a while to get things going your way. Mostly what I don't have is the experience and making enough mistakes that I can learn from.
Seeing my non-results, my mom questioned my ability and told me that I need to get back to school for MBA so I can get a decent job. She knows I want to start my own business and supports me but she thinks I don't have enough experience to start it. In her opinion, I should work under someone else for a few years and learn from them, then I can start my own business. In a way, her opinion is valid but I just hate working under someone else.
I talked with my uncle in China who's a businessman. He told me I should start a business in one of two ways. One, work for a US company that is looking to expand in China. Then work hard enough to have them send you over to China as their company representative. Develop relationships(guanxi which is really important in China especially in business) with other important people in China. After a few years, quit and start your own company. Two, start a small company and undercut big company's price to get business in the beginning. Once you established your company as the go-to company, increase the price and expand.
Here is my dilemma, my parents will pay for my MBA as long I get in and look for a job afterwards. In the beginning, I resisted the idea but I'm kind of sick of complaints and arguments with them. MBA does grant me the ability to network with other students and maybe create a valuable product/service in the process. On the other hand, I'm starting to put my heart on learning how to sell and taking steps to learn that skill for myself. Through that I'm looking to build my business as a SEO/internet marketing consultant.
I'm conflicted about this situation. Anyone has any insight/opinion on this particular situation?
I just recently finished the book during my trip to China. I took this trip because my cousin was getting married over there but really I just needed a break and take some time to reflect over my life. I'm Chinese and just turned 26 BTW.
When I was reading the book, I couldn't stopped reading because it clicked with me on some many different levels. Especially about the part talking about money in relations to time (reminded me about the money In Time). It made me really value my time now that I came back (cutting off TV, video games and even porn) and I started to read more and take time to learn life skills such as selling and marketing. Before I was just wasting my time doing nothing productive and half-assed my businesses.
I graduated at the height of the recession in 2008 so the job market was pretty much dead. At the time in college, I was already making pretty good money buying/selling/repairing Apple related products like iPhone and Macbooks. My ex suggested I should do real estate since it was just like what I was doing but on a bigger scale. So I got my real estate license at year. During that time, I started to read investment/financial books like "Rich Dad Poor Dad" and believed that to accumulate wealth, real estate was the way to go instead of the traditional investments like 401K and stocks. I still believe it right now.
Soon afterwards, I got my loan officer license as well by working as a loan processor for a mortgage company for about 5 months. I did a dozen of transactions for each area but still didn't have the motivation to hustle. Basically, I wasn't going out everyday to chase business instead letting the business come to me. Soon enough, I went into the insurance business as well because I heard the residual income was good once you built up your clientle. I got my license, received some training and started my short-lived time as an insurance agent. They don't tell you the hard work you would have to put out initially to actually make the business work.
It was during that time that I discovered Internet Marketing which sparked my interest because of the possibilities it has. My boss at the mortgage company exclusively used IM to get leads for his company. So I believed its power. I sunk my teeth into it as soon as I could learning everything from building WordPress websites to doing SEO. I built up several sites as well as created marketing company that deals with small businesses(got it ranked first page of Google for local SEO keywords). I started prospecting and saw little results so my confidence has been taking quite a few hits. I know it takes a while to get things going your way. Mostly what I don't have is the experience and making enough mistakes that I can learn from.
Seeing my non-results, my mom questioned my ability and told me that I need to get back to school for MBA so I can get a decent job. She knows I want to start my own business and supports me but she thinks I don't have enough experience to start it. In her opinion, I should work under someone else for a few years and learn from them, then I can start my own business. In a way, her opinion is valid but I just hate working under someone else.
I talked with my uncle in China who's a businessman. He told me I should start a business in one of two ways. One, work for a US company that is looking to expand in China. Then work hard enough to have them send you over to China as their company representative. Develop relationships(guanxi which is really important in China especially in business) with other important people in China. After a few years, quit and start your own company. Two, start a small company and undercut big company's price to get business in the beginning. Once you established your company as the go-to company, increase the price and expand.
Here is my dilemma, my parents will pay for my MBA as long I get in and look for a job afterwards. In the beginning, I resisted the idea but I'm kind of sick of complaints and arguments with them. MBA does grant me the ability to network with other students and maybe create a valuable product/service in the process. On the other hand, I'm starting to put my heart on learning how to sell and taking steps to learn that skill for myself. Through that I'm looking to build my business as a SEO/internet marketing consultant.
I'm conflicted about this situation. Anyone has any insight/opinion on this particular situation?
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