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The Entrepreneurial Spirit and How to Embrace It

By July 29, 2020El Paso, hard money loans

African american entrepreneur business owner ceo portrait at the creative design officeIf there is one thing that separates America from most other countries, is the entrepreneurial spirit and tradition that runs through the backbone of this country. Part of what fuels the American spirit is the question of new frontiers; characterized from our early history, where miles and miles of unexplored land lay westward, the country developed a culture of seeking adventure and new limits. Without that, we might not be one of the most innovative, productive, and culturally rich countries in the world. And while most people will not be settling on unexplored land, we all have the opportunity to reach new frontiers in our own lives. Here at Entrust Capital Funding, we believe in this spirit of adventure and risk mitigation. It’s why we offer great funding opportunities for people that have a dream and a drive to grow their wealth in a different way. 

So how does one engage in the journey of entrepreneurship?

Well, there is no one path, no one way to get to where you want to go. If you look at some of the most innovative minds in America in the past few decades: Elon Musk, Jeff Besos, Bill Gates, etc, they each lead different journeys that brought them to where they are, but we can look at some similar characteristics or tips that might help you take a new risk and grow you wealth.

Tip #1: Take on the challenge. Venturing into new territory will always be scary and will always be a challenge. Embrace the difficulties as part of the journey that will take you to your golden vision. 

Tip #2: Care about your work. A million-dollar idea that you don’t much care about will not bode very well. That’s because it’s going to get tough and if it gets tough and you don’t care about the work you do, it’s far more likely that you’ll give in to the impulse to walk away. 

Tip #3: Acknowledge the risk. Jeff Bezos once said that he knew that he would not regret failure but that he would regret not trying. The outcome of your efforts will only be known until you make that effort and go all out. 

Tip #4: Have a vision. Regardless of the venture, you’re looking to embark on, it’s better to always have a clear vision of what you want it to be. Keeping that vision at the forefront will help you move forward, overcome obstacles, and find creative ways to move towards it. 

Tip #5: Surround yourself with good people. Life is too short to surround yourself with people that drag you down or pull you under. If a person doesn’t inspire you, move you, or challenge you in some way, you might get better friends and business partners. 

Words of Wisdom from Successful People

Sure it sounds easy to tell someone to ‘take a risk.’ In the real world, what does that really mean? We mitigate risk on a day-to-day basis. And yet, that doesn’t mean that we blindly throw everything we got onto one basket and look away. Taking risks requires some planning, analysis, but also some trust. There does come a point where you have to let go and simply accept that there is risk involved. 

Let’s take a look at some advice from notable people:

Mark Cuban is a well-known entrepreneur and investor. He owns NBA teams, Landmark Theaters, and Magnolia Pictures. He asks two simple but important questions: “(1) Is it something you love to do? (2) Is this something you’re good at. He encourages people to choose something they love to do and care about. The first step, he says, is always the most difficult. And this is true for most everything in life. The first time you do it, it seems insurmountable. After that, you know the ropes. 

Tony Robbins is a well-known speaker, best-selling author, and beloved personality in the world of self-help-inspirational-type activities. He warns people against believing that having a solid business plan is the end all be all. He claims business is 80% psychology and 20% mechanics. He advises people to think honestly about who they are, what you want to accomplish, and the mindset you need to have to get there and claims that few people are ‘natural’ risk-takes. It’s why we have to work our way towards that. 

Tim Ferris is a well-known and best-selling author that wrote about the “Four Hour Work Week.” Ferris claims that the best advice he ever received was that you are always the average of the 5 people you associate with. In other words, choose your friends wisely and make sure that they play a productive role in your life. 

Thinking About Real Estate Investment? 

Real estate investment can be a great way to learn a new industry and grow your wealth. Here at Entrust Capital Funding, we believe in the spirit of entrepreneurship and encourage people to get out there and fight for the lives that they want to live. It’s why our capital funding is quick and simple to get. If you want to invest in real estate, there may be an opportunity waiting for you. Call us to find out more about what we do. 

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