The conventional advice, “Begin with the end in mind“, definitely has its limitations. Yes, if you set out to learn one blatt of gemara today, or to run 3 miles, begin the day with the end in mind.
Opening a business that will grow and be successful, however, is a different story. One can never know what the end will look like – it’s just too unpredictable. Instead, begin without the end in mind, watching the business take a life of its own.
Businesses always turn out different than expected – which present some interesting opportunities. An accountant can expect to make anywhere from $50,000-$80,000 a year, depending on the kind of firm. But an accountant I know makes a whole lot more than that. Why? Because when his clients came to him for advice he used the opportunity to invest with the businesses that he saw were doing well, netting him very nice returns.
When considering a business, don’t be dissuaded by the perception of low returns other businesses of this kind seem to experience. Once a business is up and running, many opportunities will present themselves that would never have surfaced if you had not opened the business. Your business will take a life of its own, bringing it to a place that you could have never envisioned at the outset.
Opening a business is frightening, because you have no idea how things will turn out. But as we see more often that not, the unknown is what presents the best opportunity.Tweet
Filed Under: Business Tips