Recently, when opening
YouTube, it is all about millionaires and billionaires. There seems
to be an unhealthy fascination with extremely wealthy people. This
fascination is (mis)used by fake business gurus to sell expensive,
but worthless "get-rich-quick" courses. I wrote several
articles on those fake gurus and the devastating consequences on
young entrepreneurs.
Some youngsters, who are about to start a
business, have the dream to become a billionaire. One billion equals
one thousand million, that is an extreme goal for a starter. I am not
against goal-setting, on the contrary. But in my opinion, goals
should be reachable. And a billion is not reachable for a starter, at
least not in the near future.
That is why I advocate for the
stairs model. This model sets many reachable micro-goals towards the
bigger macro goal.
Imagine a staircase in a skyscraper.
The
millionaire lives on the tenth floor, and the billionaire lives on
level 100. You are a starter, so you start downstairs in the lobby.
To succeed in business, you will have to start climbing the stairs.
You do not become a billionaire before you make 100 million. You do
not become a multi-millionaire before you make your first million.
Let me tell you, starting from zero to one million is a
challenge. Your primary goal will be taking the first step, then,
step two, three, and so on, until you reach the first platform,
halfway the first floor. Let that be your first big goal. Splitting a
larger goal into smaller goals makes it more attainable. It gives you
positive energy every time you reach such a micro goal.
The first
halfway-platform might be when your business is able to provide you
with minimum wage. You now match the paygrade of an employee. But
there is a big difference; it is far more rewarding to make your
first salary in your own business than getting it from a
boss.
Reaching floor 1 might be the point where you start making
the equivalent of a well-paid employee salary. You made yourself a
promotion from minimum-pay to well-paid.
Now, let's aim for floor
2. The new goal is to make money for a first employee. When you hit
that goal, there is fresh motivation.
You are slowly moving up in
the building. You take it step by step, floor by floor. And maybe one
day, you arrive at floor 10, or even at level 100.
Good luck!
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Top 10 about the author; Erik Victor
1. is a serial
entrepreneur and started his career in Engineering
2. currently a
majority shareholder in corporations in the fields of Industrial Real
Estate, Wealth Management & Investment funds, and International
Tax Planning
3. has a passion for the dynamics of young
businesses and actively endorses several start-ups
4. is an
engaged member of several think-tanks and an international conference
speaker
5. has a business footprint in six countries
6. speaks
five languages
7. personal life - resides in Europe
8. Erik
(48) is known as a discrete and private person, a family man
9.
loves to spend his limited holidays in the mountains or at sea on his
yacht
10. Erik has no social media accounts
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