The words law and entrepreneurship don’t even seem like they belong in the same sentence.
One word represents the free-will to pursue the ambitions within your mind. The other word represents rules you must abide by in order to not get yourself in any trouble.
But yet, there are laws that govern entrepreneurship and you need to know them if you want to be a successful entrepreneur.
The laws I’m talking about aren’t taxes you must pay and the licenses required to legally operate your business.
I’m talking about the laws that put you in the position to make more money!
You might be passionate about helping your customers or finding solutions to social problems, but at the end of the day your time is valuable. You must be getting paid for the time commitment you put into producing a valuable product or service.
This sounds like common sense but you would be surprised to know how many entrepreneurs are basically giving their value away for little to nothing.
I call these type of individuals starving entrepreneurs. They’re like the starving artist who play their music for free because they “enjoy” they’re craft.
You can’t be one of these people and I won’t allow you to become this type of entrepreneur.
Passion doesn’t put food on your table unless that passion is being packaged as a business.
And unfortunately, too many entrepreneurs don’t know how to position their entrepreneurial venture as a real business so they’re operating a time sucking hobby.
A real business pays you and a time sucking hobby stresses you out because you’re desperate to make money.
But if you were abiding by the rules that govern entrepreneurship, you wouldn’t find yourself in a never-ending losing position.
This is why I want to teach you about the laws that govern entrepreneurship.
Once you understand the importance of these laws, you’ll start to operate in a more effective manner because you’ll know how to strategically work towards reaching your goals.
And what’s great about these laws is that they’re common sense considering the end-goal of entrepreneurship — to build a successful business.
Let’s start examining these laws so that you can improve your daily performance to produce better results.