ENTREPRENEUR TO MILLIONAIRE MYTHS #8 – THE ENTREPRENEUR TO MILLIONAIRE ROADMAP IS ALL ABOUT MONEY AND RICHES

When You Read the Title of The Book Entrepreneur To Millionaire, Did You Think the Content Was All About Money and Simply Becoming Rich? 

Do you think that people who want to quickly go from entrepreneur to making millions to put in their bank account are consumed by money, greed, or “more than you can ever spend riches,”?

The truth is that being a successful entrepreneur is one of the most important ingredients of a thriving, healthy, prosperous society, and global community. Or another way to look at it is that when “entrepreneurialism dies,” so does everything else. And not just jobs and companies, but whole communities are lost forever. 

Read this whole article to see where you fit in your entrepreneur-to-millionaire thinking and how your ideals align or don’t align regarding being an entrepreneur, making money, and the impact it has not only on you but everyone else. Then follow the action steps at the end to unlock your business wealth faster and easier with the four-phased Entrepreneur To Millionaire (E2M™) Roadmap. 

  MYTHS ABOUT BEING AN ENTREPRENEUR AND MONEY

There are many myths regarding entrepreneurs, such as entrepreneurs are primarily male, young, only launch start-ups, work in the tech sector, and have more dash than cash. Those are totally false – okay, except maybe the last one. However, perhaps the biggest myth of all is that people become entrepreneurs just to make a fortune and become rich. Some do…, but most don’t. 

READER FEEDBACK. Now that thousands of people have purchased and read the Entrepreneur To Millionaire book, the feedback from buyers, readers and followers are quite interesting. In a unique way. 99% of the readers (people who have opened the book and read some or all) quickly understand that this E2M™ Roadmap is so much more important than solely making money. Successful entrepreneurship changes the world in wonderful and powerful ways. Your business must be part of that change. 

However, for a few who browse titles, their first perception is that this book is a “Get Rich Quick” set of ideas. This says they are stuck on the title and haven’t even read the foreword by one of the most successful entrepreneurs of all time, Mark Cuban. Or they didn’t read the reviews that share how this book teaches how to make more money from the value – their offerings are already delivering. They will never know that the more they read, the more layers start to unfold to show what the book really is intended to achieve – and it’s not simply money. 

Maybe you read the word “Millionaire” in the title and froze because that is not your goal for yourself or your business, that’s fine. It’s your business. But never forget the number one reason companies shut their doors. The owner never learned how to create business wealth. 

A startling statistic, 98% of business owners and entrepreneurs have sleepless nights and extreme anxiety because their businesses have “low cash levels,” money flow issues, and working capital constraints. Thousands of businesses closed forever during COVID-19 because they didn’t have an extra thousand dollars. A thousand dollars doesn’t sound like a lot, but it’s a fortune when your business is running on fumes. Can you imagine how many amazing companies could have been saved – or started – if the owners had a million in reserve?

IS MONEY THE END-ALL AND BE-ALL FOR ENTREPRENEURIAL SUCCESS?

No. My philosophy is that money should never be the main driver or the core objective. Money that you and your employees can keep should come as the “by-product of the value you add to the marketplace, society, and clients.” If your business adds a lot of value, you should be paid well or even become embarrassingly rich. 

However, the term “by-product” must NOT mean that your offerings add great value, and then you hope to make money in the future. That was last century’s model of “hope and someday.” That model isn’t successful today because there are so many more forces (competitors, government regulations, workplace mandates, supply chain disruptions, pandemics, worker shortages, inflation, changes, and cultural confusion, etc.) than ever, working to eat your profits and destroy your business – especially small businesses. 

THEN WHY IS QUICKLY TRAVERSING FROM ENTREPRENEUR TO MILLIONAIRE SO IMPORTANT? 

Leading a business that is following a roadmap to put millions in the bank for you and your employees is no longer something nice to achieve, but rather has become essential for many reasons, including: 

1. Survival of the business – COVID proved most businesses need more than a 90-day cash reserve, and that reserve might have to be your personal account;
2. Attraction and retention of top talent – superior employees are attracted to thriving, highly profitable businesses – winners look for winners;
3. Drives innovation – adequate working capital for expansion or innovation eliminates many risks;
4. Creates more and higher quality employment – cash-rich businesses create many more jobs;
5. Reduces stress – strong cash flow anxiety and health issues for employees, spouses, and families;
6. Generates more revenues – in the form of taxes paid to local, state, and federal government to improve communities, and finally;
7. Encourages people –success and financial rewards for entrepreneurs attracts more people to become entrepreneurial and take risks to solve bigger and more complex problems which the world needs right now – think Musk, Bezos, Branson, and Cuban.

HERE IS THE BIGGEST REASON FOR YOU TO QUICKLY GO FROM ENTREPRENEUR TO MILLIONAIRE

If the above reasons weren’t enough, here is the really big picture for you – the reasons you must learn how to make millions faster with your business, and they aren’t about money.  They are about what success can do for you.

Great entrepreneurs understand that becoming a millionaire is not the objective. Money is simply a tool. A tool to satisfy the ultimate dream of every human being, not just those who are entrepreneurs. Those dreams include increasing your life’s freedoms, control and reducing stress. In other words, have the greatest life possible. 

• Freedom – to do what you want, when you want, where you want;
• Control – you decide if you work, who you work with, how long you work, and how much you get paid;
• Stress-Free Business Life – the greatest stress in business is money challenges. Most internal meetings are about money. When money is not a major challenge, there is time to be more creative, more time to devote to prospects and clients, more time to enjoy the business, and more time and resources to “give back”; 
• Ability to self-actualize – become and do what gives you the most satisfaction in life, starting more businesses to solve marketplace problems or fund charities to help others;
• Spend QUALITY time with your family and friends – and not being “digitally tethered” to work. 

WHAT SHOULD YOU DO RIGHT NOW

1. Write down (yes, with a pen and paper) three things you believe an extra million dollars would do for your business.
2. What three things would an extra million dollars in your bank account do for you and your family?
3. Most important of all – Pick an exact date for success – the date you become a millionaire, your employees do, or you give a million to your favorite charity. 

Remember, don’t buy the book Entrepreneur To Millionaire just to put a million dollars in your bank account. Buy the book and have your team start following the E2M roadmap so your company can positively impact the world, your community, your employees, AND you and your team can put seven to eight figures in your bank account – as fast as possible. 

One last thing. You may not consider yourself an entrepreneur, which means you don’t see how the path from entrepreneur to millionaire might work for you. You might be an individual performer or might not be in a risk-reward job family, like sales. Remember this. The fastest way to become a millionaire as an employee is to be “entrepreneurial” by helping your company solve complex problems, drive top-line growth, protect profit margins, and create a bigger bottom line. That is everyone’s job, and those who help achieve those goals should be nicely rewarded. 

Please comment, like, share, and ask questions about how we can help accelerate your success. 

BOOK INFORMATION

Is Your Business Growing or Creating Wealth?

       “A must-read book.” —Mark Cuban

Amazon: https://amzn.to/2WJSNYw

Kindle Edition – https://amzn.to/2Kw9cgW

Bulk Sales 25+ for 40% off www.porchlightbooks.com

AUTHOR BACKGROUND

Kent Billingsley is the founder and president of the Revenue Growth® Company, LLC (TRGC). He is a published author, international keynote speaker, and business transformation expert. He has become America’s Revenue Growth® Architect by helping thousands of entrepreneurs and CEOs (representing over a million employees) generate several billion in new sales, as well as tens of billions in new revenue and profits for large corporations. He has personally designed, built, transformed, and turbocharged several thousand organizations in 36 countries. Over the last 20 years, his proprietary content and trademarked programs have helped thousands of entrepreneurs and employees become millionaires and multimillionaires by “creating wealth” inside their companies. He can be reached at [email protected].