My journey started at 19 years old and like many at this age I had no money no
connections no education or background in the industry that I wanted to start
the only thing that I knew how to do was bootstrap and that was essentially the
way that I would start my company bootstrapping is an approach taken by
many who don't have the financial cushions or the financial security
knowing that they'll be alright if they don't make it
the minimalist entrepreneur knows the power of leveraging time and money they
know you don't need money to make money it's about leveraging your resources
having a clear focus and strategy for me and many others who start this way
taking this approach eventually brings on success such as being featured on
national TV large business publications and keeping the business going
regardless of the obstacles that confront us every single day so the real
question here is how is it possible to make money with no money most people you
talk to will say that in order to successfully start a business you'll
need a million dollars in funding in order to make sure that you have the
financial cushion available for you to start and many startup companies do just
that they go out and raise that million dollars in funding have the flashy rides
post all over social media telling you how amazing things are and the next year
they're no longer in business we live in a generation that wants instant
satisfaction social media has shaped us to believe that if we don't get that
like as soon as we post that picture or if we don't get that success as soon
as we launch our projects then we weren't good enough in perhaps we should
call it quits but as a minimalist entrepreneur we need to reframe that way
of thinking and we need to realize that we're in it for the long run a big part
of being an entrepreneur means knowing where and who to turn to for answers
it's about being resourceful it's not about being fancy being resourceful
doesn't cost anything and it truly is a difference between winning and losing
the game the definition of an entrepreneur is a person who organizes
and operates a business or businesses taken on greater than normal financial
risk in order to do so for those that go all-in mortgaged the house car and even
the dog they risk more than just humiliation
they fail often time they risk being homeless they risk losing their kids
friends family their beloved dog and everything that they truly care about in
pursuit of chasing something because they thought that they needed to put in
all the funds in order to make it work make 50,000 mops borrowing and owing
every dollar including your home it could have been handled better and those
around them that see them fail see this failure and really question themselves
if they should even start on their own journey for others who are just
graduating high school or college they fear of missing out on life set ventures
everything that life has to give them when they're just starting out in their
early 20s the freedom that they're just experiencing the fear of missing out on
everything if their businesses fail either case holds us back until we have
that financial security or that time to do it but that limiting belief that we
need more time we need more people we need more money we need more things in
order to do this is a reason that many of us fail to start and even start on
this journey by now you may be wondering ok what is a minimalistic approach to
entrepreneurship and how can I apply to my life taking a minimalistic approach
to entrepreneurship means that you need to be budget savvy it's about knowing
where to spend and having the right tools for the job you see just because
it's advertised as a solution and the thing that your business needs in order
to take off does not mean that you have to mortgage the house for it it's about
having less distractions in your life and not caring about what the world has
to say about your dreams and your goals more importantly it's about having a
positive mental attitude and daily habits that will get you through the
challenges that every single day will bring in life a minimalistic approach to
entrepreneurship means getting to cashflow positive as fast as possible
this means having as little overhead as you can in order to obtain this instead
of starting out with a budget for a large office or warehouse it means
getting a shared working space or perhaps starting it out of your garage
or living room table until the physical demand exceeds what you have available
the minimalistic entrepreneur knows the power of leveraging time and money
this doesn't mean not investing into the talent that'll help them grow their
business it means knowing when to take that task on themselves in order to move
the business forward the right circle of influence and the people that surround
you are the utmost importance to this way of life you see we all have an
emotional currency and that's a currency that we need to be very aware of and
protective of and we need to realize who's taking from it and who's adding to
it in our everyday life you need to add more people to your life that add to
your emotional currency and subtract those people from your life that are
only draining it now that's not always easy to do and sometimes our closest
family members are the ones that affect us the most so in this case it means
giving yourself more space and perhaps getting that shared co-working space to
get you out of the house and more productive it's about having the right
strategy and platform in the right product or service one without the other
cannot exist it's about finding out if the market is ready for it and it's
about testing before investing I'm here to tell you that it's possible to start
out of your garage or living room all right I'm here to tell you that the some
of the greatest companies ever founded in this world all started out this way
if you can integrate your business into your everyday life if you could minimize
the distractions that occur in everyday life working out of a garage or out of a
home bedroom office or the living room table can be a blessing in disguise so
contrary to popular belief you don't need that multi-million dollar
investment in order to get your brand off the ground you don't need the flashy
cars you don't need to flashy office and you don't need that flashy
equipment in order to get started the minimalistic approach to
entrepreneurship solely relies on your ability to execute with what you do have
and more importantly it means waking up every single day counting your blessings
and always being ready to win hey guys if you enjoyed this video I ask that you
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and I look forward to seeing you guys in excellent bye