Do Not Get Above Your Business
Below is a MRR and PLR article in category Business -> subcategory Entrepreneurs.
Don't Overlook Your Business
Introduction
When young men complete their business training or apprenticeship, they often hesitate rather than actively pursue their careers. They might say, "I've learned my trade, but I won't work for someone else. What's the point if I can't establish myself?"
The Misconception of Starting with Borrowed Money
"Do you have any capital to start with?"
"No, but I'll get it soon."
"How?"
"Confidentially, I have a wealthy aunt who's not in good health. If not that, perhaps a rich person will lend me money to start my venture. Once I get the money, I'll succeed."
Starting with borrowed money is a significant mistake. History shows that accumulating your first thousand dollars is often more challenging than earning subsequent millions. Money holds no true value unless you understand its worth through personal experience.
The Value of Earning
If a boy is given twenty thousand dollars to start a business, the likelihood is that he'll lose it all within a year. It's like winning a lottery?"easy to gain, easy to lose. True value comes from effort and the sacrifices of self-denial and persistence. Success is uncertain with capital you haven't earned.
Young men should not wait for inheritance but should take action. Wealthy elderly relatives are surprisingly resilient, and for expectant heirs, it's fortunate they don't pass away quickly.
Building Wealth Through Perseverance
Many of today’s wealthy individuals began with nothing but determination, industry, and good habits. They gradually earned and saved their money?"the ideal path to wealth. Stephen Girard started as a cabin boy and amassed nine million dollars. A.T. Stewart was a poor Irish boy and declared over a million dollars annually in income. John Jacob Astor began as a farmer boy and died with a fortune worth twenty million. Cornelius Vanderbilt started ferrying between Staten Island and New York and later donated a million-dollar steamship to the government, dying with fifty million.
The True Path to Success
The saying "there's no royal road to learning" applies similarly to wealth. Yet, the illustrious path of gaining knowledge and experience daily enriches you mentally and financially. As you expand your intellect and understanding of human nature, your growing experience rewards you with increasing financial independence.
Typically, those who begin life in poverty often become wealthy, while those born into riches may see their fortunes wane. Wealthy children often are taught the wrong values, resulting in irresponsibility and eventual financial decline.
Learning from Experience
In America, social mobility allows anyone to rise based on their efforts. It doesn’t matter if you’re a farmer, banker, or lawyer?"as long as your work is legitimate, you can be a gentleman. Your ambition should be to excel in your chosen field.
An insightful dialogue between a college graduate and a seasoned lawyer highlights this: "Is your profession full?" The lawyer replied, "The basement is crowded, but there's plenty of room upstairs." No career is overcrowded at the top. Exceptional performance leads to endless opportunities.
Conclusion
In America, superficiality can lead to a desire for rapid wealth. But true success comes from excelling and conducting business thoroughly, with integrity. Adopt the motto "Excelsior" because with excellence, failure is not an option.
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