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Entrepreneurship: The Season 2 Kickoff
“The Matrix is a system, Neo. That system is our enemy. When you’re inside, you look around. What do you see? Businessmen, teachers, lawyers, carpenters, the very minds of the people we are trying to save. Until we do, these people are still a part of that system and that makes them our enemy. You have to understand most of these people are not ready to be unplugged, and many of them are so inert, so hopelessly dependent on the system that they will fight to protect it. Unfortunately, no one can be told what the Matrix is. You have to see it for yourself. The Matrix is the world that had been pulled over your eyes to blind you from the truth. The Matrix is a computer-generated dream world built to keep us under control in order to change a human being into this.”
I’ve always loved the parallel of our experience of life to the movie, The Matrix. As you and I begin a new season together, our focus is on a topic that is individual in nature. You’re going to question your assumptions about your life, your career, your finances and your investments. If you’ve read the previous four seasons, I believe you’re ready. It’s funny I used a Matrix quote in the book that I released. One of the editors actually made a note in their copy not understanding the reference associated with the red pill and the blue pill. That brings me to my next point. If you haven’t seen The Matrix, go see it because it’s a pretty cool movie. It’s definitely applicable to what we’re going to cover this season.
Our system of education from elementary school to middle school to college specifically, and how that creates this system of expectations when it comes to what we’re supposed to do after that, which is go to grad school or get a job and pursue a career. That career with its benefits, the desire to stop working and contributing one day, hoping that the financial markets and the 401(k) retirement plans will make us millions and be our retirement savior is this system that we are experiencing daily. Is that what you really want? Is that system giving you the fulfillment, joy and excitement that is possible? The Wall Street Journal had a piece about those who retire before the age of 62. I think it’s as applicable to those that retire after 62 or 65, but it made reference to the decline in longevity. Dying sooner than expected, having to do with the symptoms associated with unplugging from the opportunity to contribute and to provide value to others. Hopefully, you have gathered over the last few years and for those of you who have read the book, that I truly believe that whatever suppresses the human spirit to continually grow and expand through experience is one of the greatest thefts in history.Uncertainty is one of those human needs that we all crave. Click To Tweet
On the other side of this system, that wall that prevents us from seeing what’s possible is literally infinite possibilities to give our life a constantly renewing sense of purpose from what we discover about ourselves and what we individually can bring in value to others, how that makes us feel, the financial remuneration that it gives us. That from what I’ve experienced, that red, is what makes us feel alive. This season we are shifting from the ideal environment of growth, which is capitalism. It’s the ideal environment of growth and expansion to what the individual can do in that environment. The theme specifically is the entrepreneur and intrapreneur. Let me talk about the difference between the two. The history of the entrepreneur is pretty fascinating. This is the definition that I like most. It’s the capacity and willingness to develop, organize and manage of venture with taking risks in order to be successful and turn a profit.
There was another term that when the idea of an entrepreneur or the word entrepreneur was used, it also referred to an adventure. I did an episode about the principle of uncertainty. Uncertainty is one of those human needs that we all crave. It’s the feeling of being alive, whether that’s riding a roller coaster or going to a movie or traveling to a foreign land. It’s something we all crave. That adventure spirit is within all human beings. I believe understanding, for yourself that is, because there are different degrees of it and it applies differently to different individuals. Understanding that sense of adventure and experience is part of what gives life its meaning. There is an economist, his name is Jean-Baptiste Say. He’s famous for Say’s Law when it comes to understanding the demand side economics or demand-driven economics. He identifies entrepreneurs as the driver for economic development, emphasizing the role as one of the collecting factors of production where they’re able to allocate resources from less to fields that are more productive.
I find entrepreneurship fascinating because if you think about it, what we experience in life on a daily basis, I think we often take for granted. Hundreds of years ago, what exists was merely a possibility. It was dirt. It was natural resources. Look at what we’ve taken as humanity and made into whether it’s television, video, lighting or the internet. Step back and put yourself in the position of a time traveler and travel from 500 years ago to now, it’s unbelievable to think about. It all started with a human being and another human being then another human being, being able to take our potential and apply that to the resources of life that we all have access to.
What does that have to do with you? The TV has been invented, the camera has been invented and the internet’s been invented. How does that apply to you? It’s not so much the actual application of entrepreneurial principles or the idea of entrepreneurship, but it’s adopting the mindset of solving problems, of making things better, of making things more efficient by looking at something and figuring out a way to make it better, to create more value. I believe this comes differently based on the individual. This is where I dive into entrepreneurship. Looking at entrepreneurship and intrapreneurship, this is where you fit in. You fit in because you have individual strengths, you have individual talents and abilities that you’ve been gifted with. It’s different for all individuals. You’ve had experiences up to this point that has given you an idea of what life is about. I think most of you are driven and you’ve discovered things that you’re good at based on how you feel, based on receiving some reward or achievement, or based on what others have said about you.
I believe that right there is one of those seeds of opportunity to be nurtured. With that nurturing, come incredible opportunities for your life but also for the level of satisfaction and the level of wealth that you achieved. This season, we’re going to get into a lot of topics that have to do with the changing environment, not from capitalism standpoint but the change in that system that Morpheus in The Matrix refers to. The system of education is changing rapidly. The system of business is changing rapidly. One of the guests I’m going to have on is going to talk to you about the majority of companies in ten years will have a majority of their workforce, 70% or more, as either working remote, as contractors or freelancers, pretty bold claims. In my experience, what I’m seeing out there is incredible.
I’m actually going to release an eBook that I’ve been working on for a while that is speaking to this future of work, the gig economy and all of the jobs that exist. The employment opportunities that exist that are either a contract, freelance or remote and what that allows is unprecedented. What that allows is for you to discover what are the details and job requirements of those specific opportunities and what can I do? What can you do to invest in yourself to obtain the certifications, obtain the experience and obtain the attributes in order to have one of those positions? What that allows you to do is work 15, 25 hours a week maybe less, do it on your own terms and mix in the lifestyle that you enjoy.Understanding the sense of adventure and experience is part of what gives life its meaning. Click To Tweet
It’s not the typical way in which people think about their future. It’s the sacrifice of now for a better future. It’s putting money away into a 401(k), an IRA or the markets in hopes that one day they’ll be enough where you don’t have to work. I’m going to break it to you that working is a part of life but working in something that you don’t like doing and that you want to escape from through retirement, that’s your choice. Your choice is to do something you don’t like and you’re doing it by sacrificing enjoyment, achievement, pleasure and happiness for money. Because of where we’re going as a society, I believe that you can take very little money over the course of the next four months and you can learn more about yourself, learn more about what you’re good at.
We’re going to have some guests on here that represent some of the personality tests that are out there, Myers-Briggs, Kolbe, DISC, StrengthsFinder, so that you can start to discover where do you feel the most alive? Where do you receive the most fulfillment? What are the strengths that you have that you may not be aware of? How do you apply that to specific job opportunities, employment opportunities, whether it’s within the company you currently work for or outside of it or on your own? I’m not saying that entrepreneurship is for everyone. It has been an incredible journey from a positive standpoint, but I’ve equally experienced the other side of the spectrum where I had self-doubt, where I had relationship issues, where I had financial failures. Believe me, it is something that I know is not possible for everyone. It almost wasn’t possible for me and I’m still experiencing it.
Sometimes people can’t work for someone else. That’s where I categorize myself, I look at what’s right for you and that’s a question you have to ask yourself. You may have to ask it more than once. The idea of an entrepreneur is thrown out. There are entrepreneurship classes in school, there’s entrepreneur thrown through social media. I think the definition of entrepreneur definitely needs to be questioned, but that there are opportunities to be entrepreneurial, to take risks and to buck the status quo, to question authority, to question assumptions and to question the system. I believe that’s your responsibility. It’s my responsibility. That’s why the world exists the way that it does is because someone questioned why. Why does it have to be that way? Why do we have to communicate through just phone? Why can’t we communicate better?
Henry Ford said that if he was to ask people what they want, it would be a faster horse. An entrepreneur or a Henry Ford or whomever, the Wright brothers, they looked at what would make life easier, and they came up with ideas to make life easier. That’s where Say’s Law comes from. I believe that there’s an entrepreneurial spirit in all of us. I believe that there are ways in which we can grow, expand and achieve a better future for ourselves first and our family then our community, those we serve those who we provide value to.
The season is around this topic. We have those that are very reputable economists. We have authors, representatives from these different personality tests. We have a family of some of the most famed economists that are out there and the impact that their father specifically had made on them and have allowed them to see the world from a different standpoint. We are facing a lot of turmoil in society right now. There’s so much communication out there, sometimes it’s hard to know what to believe. I look at issues, whether it’s in Venezuela, issues that are in China or in Russia. I also look at issues that are in the United States where you have these political influences that are very compelling. They speak well, they’re good marketers. Their narrative is compelling. At the same time, I believe that politicians will always be politicians. There’s always an agenda behind the scenes. Understanding principles, understanding what life is about is going to allow you to ask better questions. It’s going to allow you to support those people that align with your values.
In the end, what I’ve discovered in meeting with thousands of people and doing business with thousands of people interacting with authors, reading hundreds of books, is that most humans, if not all, have something very similar in common. They want a feeling of achievement, happiness and satisfaction that does not come from a job with benefits. It does not come from a 401(k) or putting money in the stock market. It does not come from retiring. I believe that it comes from you discovering what you’re about, what your strengths are, your abilities are and taking that and applying it in a way that allows you to live a lifestyle that you love.An understanding of what life is about is going to allow you to ask better questions. Click To Tweet
I’m excited to have some of these interviews. I’ve already had a few and I think you are going to love them. I’m also going to try to be more interactive. Check out the YouTube channel and also on social media. Make sure you’re sharing this stuff. If you like what you hear or see, we want to get the word out. If you haven’t already, read the book that I released, Heads I Win, Tails You Lose. You can get a free couple of chapters. I can’t wait for you to experience that book. A lot of the principles I’m going to be talking about and I talked about last season, the theme of capitalism. The seasons in 2018 were Life, Liberty and Property. These are things I’m passionate about and I want to hear from you. I want to make sure that you understand the material and you’re getting something from it. Make sure you start interacting, make sure you’re giving me feedback through the different channels. I can’t wait to experience your journey just as much as I can’t wait to experience mine. Thank you and we will be back soon.
- YouTube – The Wealth Standard
- Heads I Win, Tails You Lose