GordonJ
April 25, 2019, 01:27 PM
First call, and a word about my time. It is difficult to BUY my time these days, and even in the rare instance I offer it, I'm often instantly regretful, or in most cases...if I don't hear back, a sigh of relief comes out of my mouth,
I like to spend my TIME as I choose (which has always been my hallmark, albeit, I did sell more of it back in the day). So, I like to talk to people for free.
And they could be flat broke young people, to retired old millionaires, and everything in between.
Just finished a call with a 24 year old guy. Wants to start a business, and he may be at the right age to do it. Here was my advice: start a business with the INTENT TO SELL IT IN FIVE YEARS for 7 to 8 figures. Then I gave him a list of sites to visit, to see what these things looked like, as an idea stimulus.
Many years ago, I was one of dozens of guys who handed over $1,000.00 to Bill Myers for his IDEA BANK, simply for the ideas. And I got more than my money's worth from it.
Anyhow, today is much different than way back then. A 24 year old has infinite possibility and can rise to fame and fortune rather quickly.
During our chat, he raised the question, I think his Grandfather had something to do with this, but he felt that by age 45 he should have enough to retire from and wondered where people were at on the TIME LINE, and what they are doing vs. what they should be doing.
I have no idea, do you?
But I said, knowing what I know and starting out at your age (24) {but I might say the same thing to a 55 year old} I would focus on my end game.
The final result. I know plenty of 50+ people who have done the GRIND, pounded the pavement and like Harvey Brody did, got sick and tired of having EMPLOYEES.
In fact, I don't want any customers, consumers, clients, nor do I want to coach, confer, counsel, nor mentee anyone either. Although I still do.
So, I thought I would ask the group, see if ANYONE has anything to say about the stages and AGES OF LIFE. Getting established after 50 is harder to do, but not impossible.
I think that up to 25 is self exploratory time, even those kids who have been guided into a career, like doctor, lawyer, programmer and know what they want to be (as we used get asked) when they grow up.
25 to 35 is family, friends, figuring things out. Old school has a 40 year old on their PATH and that means til 65. Then retirement.
Sheesh, the old school were full of dummies, eh?
Anyhow, start a business with an END game in mind. At 24, and with his skill set, he has a good chance of creating something of value to a bigger fish, who will come and swallow him up for untold millions IF THAT IS WHAT HE WANTS.
Since he has eclectic tastes and hobbies and would like to pursue other things, if he is wealthy by 30, and had fun and adventure along the way, it would be hard to argue against that goal.
Knowing what you know today, WHAT ADVICE, if any would you offer to someone at 24 and how would that differ from any advice you'd give someone who is 39.
Next up, a call with a restaurant supplier. I'll keep you posted.
GordonJ
I like to spend my TIME as I choose (which has always been my hallmark, albeit, I did sell more of it back in the day). So, I like to talk to people for free.
And they could be flat broke young people, to retired old millionaires, and everything in between.
Just finished a call with a 24 year old guy. Wants to start a business, and he may be at the right age to do it. Here was my advice: start a business with the INTENT TO SELL IT IN FIVE YEARS for 7 to 8 figures. Then I gave him a list of sites to visit, to see what these things looked like, as an idea stimulus.
Many years ago, I was one of dozens of guys who handed over $1,000.00 to Bill Myers for his IDEA BANK, simply for the ideas. And I got more than my money's worth from it.
Anyhow, today is much different than way back then. A 24 year old has infinite possibility and can rise to fame and fortune rather quickly.
During our chat, he raised the question, I think his Grandfather had something to do with this, but he felt that by age 45 he should have enough to retire from and wondered where people were at on the TIME LINE, and what they are doing vs. what they should be doing.
I have no idea, do you?
But I said, knowing what I know and starting out at your age (24) {but I might say the same thing to a 55 year old} I would focus on my end game.
The final result. I know plenty of 50+ people who have done the GRIND, pounded the pavement and like Harvey Brody did, got sick and tired of having EMPLOYEES.
In fact, I don't want any customers, consumers, clients, nor do I want to coach, confer, counsel, nor mentee anyone either. Although I still do.
So, I thought I would ask the group, see if ANYONE has anything to say about the stages and AGES OF LIFE. Getting established after 50 is harder to do, but not impossible.
I think that up to 25 is self exploratory time, even those kids who have been guided into a career, like doctor, lawyer, programmer and know what they want to be (as we used get asked) when they grow up.
25 to 35 is family, friends, figuring things out. Old school has a 40 year old on their PATH and that means til 65. Then retirement.
Sheesh, the old school were full of dummies, eh?
Anyhow, start a business with an END game in mind. At 24, and with his skill set, he has a good chance of creating something of value to a bigger fish, who will come and swallow him up for untold millions IF THAT IS WHAT HE WANTS.
Since he has eclectic tastes and hobbies and would like to pursue other things, if he is wealthy by 30, and had fun and adventure along the way, it would be hard to argue against that goal.
Knowing what you know today, WHAT ADVICE, if any would you offer to someone at 24 and how would that differ from any advice you'd give someone who is 39.
Next up, a call with a restaurant supplier. I'll keep you posted.
GordonJ
