The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • All Blogs
  • Growing Revenues

How Does the Entrepreneur Take Advantage of Opportunities When They Arise? Here’s Your Number One Weapon.

  • June 18, 2018
  • 2.1K views
  • 4 minute read
  • Jeff Wiener
Share
Tweet
Share

Holy snappin’ arseholes is my new favorite expression … read on and you’ll understand.

I’ve said it before, and I’ll say it again: Being an entrepreneur is a heck of a job.

There are many ways to make a living, but getting a job and working for a boss is the one chosen by the majority of society.

Choosing to become an entrepreneur, putting everything on the line, working crazy hours for near zero dollars (at least for the first few years), all on the chance that your idea will hit the profit jackpot—that’s something that very few people are conditioned to do.

Notice I said “conditioned.”

Do you have the predatory skill to wait for the kill?

Many people decide to enter the entrepreneurial jungle figuring that it looks easy, only to realize how difficult it actually can be once you’re in the jungle.

I had an employee who resigned many years ago. The fact that he resigned wasn’t a problem on its own. He was an excellent employee and someone I enjoyed working with. What bothered me is the conversation that ensued after I asked what he was planning on doing afterwards. His response obviously bothered me enough that I still remember it almost 14 years later. He suggested that he was going to open his own, competing business, starting as a contractor, and that he would look for his own clients. He then went on to say how easy it was, and how much money you can make as a business owner. He said that the real hard work is done by the employees; the owner sits around and directs people all day, so how hard could that be?

He was out of business, calling me for his old job back two years later.

My point is, many people decide to become a business owner because they believe the mantra “if you build it, they will come.”

Reality check:  It isn’t that easy.

There are solo entrepreneurs who run small home-based business with one or two staff, do extremely well, and are perfectly content to leave it as such. Then there are those who want to expand, but don’t understand what it involves. They believe that starting, growing, and maintaining a profitable business with a team of 10, 20, 50, or more staff is easy, but the reality is, many of those people will buckle when the going gets tough. They buckle when they realize that you need to work 80 hours a week, take home less pay than most of your staff for a few years, and bring a high level of patience and skill to every decision.

This is what I mean when I say that few people in society are conditioned to be an entrepreneur.

I’m the biggest champion of the small business owner, but we need to be realistic about what it involves.

What do you need to do to place yourself at the top of the jungle’s food chain?

Sometimes the best opportunities present themselves when the market is tanking or the economy is in recession. That’s when you take the big bets and pounce. If you have to liquidate your portfolio to take advantage of the opportunity, then you’re probably in a worse position.

In order to become successful as an entrepreneur, you often have to sit patiently, stealth-like, waiting to pounce, and when do you do pounce, be nimble and aggressive. Over the years running your business, opportunities will present themselves. Whether it’s a competitor for sale, or a new business idea you want to pursue. And when they do, you need to have the cash

Many entrepreneurs don’t understand why it’s important not to be fully vested in the stock market with their business’s profits, and that’s why I came up with an investment allocation strategy for the business owner (you can read and download my book free from here).

Your cash is your weapon. You can’t have your cash tied up in venture capital and the stock market, down 40%. It’s not a question of “if” the market will turn, it’s a question of when. And when it does, you MUST be ready.

Your cash is your best defense. And with your cash, you will be ready to pounce when the opportunity is right.

There’s an animal that’s found in North and South America that’s placed itself at the top of the food chain by being not only powerful but incredibly stealth like in how it attacks its prey.

The Cougar, sometimes known as the Mountain Lion, is one of the few ambush predator mammals. Watch this video and you’ll understand what I mean:

https://youtu.be/7y54z0Z4F4U

There are two parts I want you to pay attention to:

  1. Minute 0:30 when the man says “holy snappin’ arseholes.” I love it. I think I might use that expression.
  2. Minute 1:40: Did you notice how the cougar was just waiting patiently, observing the kill, and getting ready to pounce?

That’s you—or at least it should be. Your cash is your weapon, and you wait patiently for the opportunity to arise, and when it does, you attack. You buy your competitor, or, the new piece of real estate with your cash after the market has crashed.  No cash, you’re not in the game.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • How Do You Make Money As an Author? How I Sold 40,000 Books, Became…
  • Scalping: Definition and Advantage
  • How Do You Create a Winning Business Competitive Advantage That…
  • 9 Proven Ways to Beat The Competition in Business and Create a…
  • What is the Number One Habit That Will Lead to Success?
  • What's the Number 1 Most Important Thing You Need to Understand In…
Share
Tweet
Share
Related Topics
  • cash
  • entrepreneur
  • Increase revenue
Jeff Wiener
Jeff Wiener

Previous Article
  • All Blogs
  • Real Estate Investing

The Road to Riches in Investment Real Estate. The SINGLE Most Important Number You Need to Understand

  • June 14, 2018
  • Jeff Wiener
View Post
Next Article
Entrepreneur Retirement - The Life or a Retired Entrepreneur
  • All Blogs
  • Retirement

Entrepreneur Retirement – The Retired Life of a 50-Year Old Entrepreneur

  • June 21, 2018
  • Jeff Wiener
View Post
You May Also Like
SEO google
View Post
  • Growing Revenues

SEO and How It Works: Guide for Beginners

  • April 15, 2021
  • Meg Rivera
Singapore
View Post
  • All Blogs
  • Entrepreneur Interviews

Necessary Documents for Company Registration in Singapore

  • April 15, 2021
  • Meg Rivera
linkedin logo
View Post
  • Growing Revenues

Leveraging Linkedin for Real Estate Success

  • April 12, 2021
  • Meg Rivera
payroll
View Post
  • All Blogs

Why Do Business Owners Need to Record Employee’s Payroll (and for How Long)?

  • April 9, 2021
  • Meg Rivera
woman typing on her computer
View Post
  • All Blogs

3 Ways to Reduce Health and Security Risks For Homeworkers

  • April 8, 2021
  • Meg Rivera
citylights
View Post
  • All Blogs

Smart City Technology: Goals, Trends & Development Pace In 2021

  • April 8, 2021
  • Meg Rivera
construction worker
View Post
  • All Blogs

Commercial Construction 101: Starting Your First Commercial Project

  • April 8, 2021
  • Meg Rivera
icons
View Post
  • All Blogs

Crucial Pieces of Software To Improve Your Business

  • April 7, 2021
  • Meg Rivera

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • SEO google 1
    SEO and How It Works: Guide for Beginners
    • April 15, 2021
  • Singapore 2
    Necessary Documents for Company Registration in Singapore
    • April 15, 2021
  • SEO construction 3
    8 Benefits of using SEO for a construction company
    • April 14, 2021
  • man doing stocks 4
    4 Online Stocks To Look Forward in 2021
    • April 13, 2021
  • freelancer 5
    10 Productivity Tips for Freelancers and Self-Employed
    • April 13, 2021
Featured Posts
  • How to Buy an Apartment Building
    How To Buy An Apartment Building And Make A Whopping 110% In Three Years
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2021
Categories
  • All Blogs (214)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (57)
  • Entrepreneur Interviews (11)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (21)
  • Financial and Investment Calculators and Economic Data (17)
  • Growing Profits (31)
  • Growing Revenues (75)
  • Growing Revenues (43)
  • Marketing (20)
  • Positive State of Mind (36)
  • Real Estate Investing (10)
  • Retirement (13)
  • Reviews (8)
  • Sales (11)
  • Sell Me This Pen (2)
  • Selling your Business (13)
  • Top Products (2)
  • Uncategorized (40)
Follow us
Author
Jeff Wiener
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Negotiation Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • SEO google
      SEO and How It Works: Guide for Beginners
      • April 15, 2021
    • SEO construction
      8 Benefits of using SEO for a construction company
      • April 14, 2021
    • man doing stocks
      4 Online Stocks To Look Forward in 2021
      • April 13, 2021
    • freelancer
      10 Productivity Tips for Freelancers and Self-Employed
      • April 13, 2021
    • linkedin logo
      Leveraging Linkedin for Real Estate Success
      • April 12, 2021
    • man typing
      10 Tasks to Outsource Immediately for Business Growth
      • April 7, 2021
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.