Do you want to be an entrepreneur? 

03/03/2023

Table of content:

There is no joy without pain...

Elon Musk

Do you still want to be entrepreneur?

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There's no joy without pain...

Welcome to a new great article from freeconomy! We are here for an important reason - entrepreneurship...      If you think you want to go through the path of pain, aka entrepreneurship, you SHOULD read what I will say...  

THERE IS NOT JOY WITHOUT PAIN

ENTREPRENEURS HAVE A SINGLE MOTIVATION that helps them go through their way. A focus so intense that nothing can stand in the way of them and their plans. They are characterised by a special ability to focus and a strong motivation. 

I have observed this trait in all successful businessman. I can tell you that their determination is palpable. They do not stop to develop personally and professionally, and the success they have achieved is remarkable.                                                                                                                           Elon Musk

A prime example is Elon Musk. His road to becoming the world's richest man has not been smooth. From problems in his personal life, to being on the verge of bankruptcy, countless lawsuits and government problems, Elon Musk's life has been, and still is, full of ups and downs. From an early age he proved to be an effervescent personality, betraying the restless inventor and entrepreneur he was to become.

In 1983, at the age of 12, Musk was already selling the first game he had created - called Blastar - to a computer magazine for $500. At school he didn't have an easy life, was bullied and evenended up in hospital after classmates beat him until he fainted. After finishing lyceum, Musk moved to Canada, where he and his family settled. 

He studied for two years at Queen's University, Kingston, Ontario, but continued his studies at the University of Pennsylvania, where he received his B.A. in physics and economics. While he was a student in Pennsylvania, he renteda 10-bedroom house with a fellow student and turned it into a nightclub. 

After graduation, Musk goes to Stanford University for a PhD, but drops out before he starts. He left just two days after being admitted to try his luck in the .com boom.

Together with his brother Kimbal, Musk launches Zip2, with the help of Silicon Valley investors. Zip2 offered travel guides for newspapers like The New York Times and Chicago Tribune.

The next business was X.com, an online banking company, for the launch of which he used $10 million of the money he received on Zip2. A year later, X.com merged with Confinity, a financial start-up founded by Peter Thiel, and the money transfer company PayPal was born.

The dispute escalated, and while Musk was on vacation in Australia, PayPal's board fired him and Thiel became the new CEO. "That's the problem with vacations," Elon Musk later joked in an interview with Fortune magazine. But the PayPal story didn't end there, and when eBay bought the company in 2002, Musk got $165 million for being the largest shareholder.

After several failures and rockets that blew up, SpaceX managed to become the first American company to send spacecraft to the International Space Station, alongside the Russians of Sputnik. Now Musk's main goal is to get to Mars and colonize it.

Tesla and SpaceX weren't enough for Elon Musk, however. He came up with the idea of a solar energy company, so in 2006 he funded the SolarCity project, founded by his cousins. Ten years later, in 2016, Tesla bought SolarCity for $2.6 billion. 

That same year, he himself nearly went bankrupt and said later that 2008 was the worst year of his life. Tesla was losing money, SpaceX was having trouble launching its Falcon 1 rocket, and Musk was living off of payoffs.

Yet while he says 2008 was the worst year of his life, it ended with two exceptional pieces of news for Musk: SpaceX signed a $1.5 billion contract with NASA to deliver research materials and food to the Space Station, and Tesla has more and more investors.

In December, Tesla was included in the S&P 500 index, Wall Street's most valuable stock index, and the company's market capitalisation ratio 700% over the full year 2020.                                                                                                                                    Do you still want to be entrepreneur?

Now that you've read this story, do you still want to be an entrepreneur? This isn't an easy path... It takes a hell of a lot of patience to succeed and never give up... You either have to or you don't, you need a lot of character... You chose to be rich, didn't you? ;)

Elon Musk was a few steps away from bankruptcy during the economic crisis. He could have given up and complacently sat as a victim of fate, waiting for government help, but he didn't! He worked hard for almost nothing for years.

If the answer is yes, congratulations! If not, don't panic...

You become an entrepreneur.

This site does not present entrepreneurship in terms of naive optimism nor does it offer a practical, step-by-step method for achieving success.

That's because it was written by entrepreneurs who have overcome, failed and struggled from again to win, again and again. The entrepreneur's ability to dream, win, lose and win again and again is often called entrepreneurship spirit. It is what sets entrepreneurs apart from the rest people involved in business. It is also what separates those who want to be entrepreneurs from those who can be entrepreneurs.

He observed the world around him and came to glimpse the opportunity he had, in time. He proved that an entrepreneur doesn't have to be the inventor of a new technology. His success came through something more valuable - a brand.

He wanted to change the world, and he believed the secret was a car with an engine based assembled in a factory, each car the same as the next. His hero and famous employer, Thomas Edison, believed the same thing.

Henry dared to dream. One Sunday, he heard his priest preach:

 The year was 1893.

Henry Ford had succeeded. He was no longer a dreamer, but an entrepreneur!

Would you have the fortitude to wait that long?

But if you believe you can and want to evolve and learn from your mistakes, you're welcome here.

For being part of this community, you can visit our website or/and following us on instagram.

Summary:

The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.

Thank you for reading!

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