While reading the first page of "The Technology Entrepreneur's Guidebook," the five facts two of them immediately popped out at me. "Less then 1 percent of business plans get funding," "60 percent of companies funded go bankrupt." Being someone that is dreams about starting a real business, reading those two facts brought me back to reality.
Because I am just a broke college student with a low paying job at school I always looked for different ways to earn money. What is most profitable to me at the moment is buying goods such as electronics and car parts off sites such as Craigslist or Honda-Tech and reselling on Ebay. Prices for goods are much lower on Craigslist and Honda-Tech forums because of two reasons. People are in desperate need of money for other things so they sell what they feel is no longer needed. Secondly meeting with a seller I can negotiate "hustle" for a lower price.
The reason I bring this up is because I thought that business was just that simple. I felt that what I have been doing is business and for me to obtain more profits I would just have to have more money to buy and sell at a larger scale.
In the end of the article a few lines brought my confidence back. "Entrepreneurs always have passion. Entrepreneurs live and breathe their business enterprises." "To understand the odds against success and still forge ahead, knowing that many battles will be lost along the way, requires a certain amount of fearlessness." I agree completely with this line. Yes the odds are against me but I am passionate about what I do. I enjoy hunting for deals and I enjoy the hustle. I like selling things to people and convincing them that they need it.
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