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About two years ago, a 21-year-old guy (who met me online) visited my Lagos office with his business plan.

I took this paper from him and started going through his plans.

Then, I saw different cost analyses and then a figure.

You know what I'm talking about; the amount he thought he needed to start and make his business successful

I can't remember his exact figure now but I think it should be about two million naira ($5,000 if you're not in Nigeria).

Since this guy called me his mentor, I looked to his face and told him, "There's no way you'll start a business with this amount at 21!"

I announced to him that if he cannot start his first business with anything between $500 to $1,000 he couldn't be an entrepreneur

I told him that even if he sees someone to give him $10,000 he MUST not take it for his first business.

As you can guess, this young guy left my office and I never see him again.

You see, there's this one important thing most people don't know about entrepreneurship.

I'll tell you.

Listen.

Listen.

Pay attention;

Listen;

YOUR FIRST BUSINESS WILL fail.

Read that again; your first business WILL fail.

I can almost assure you that your first business or even the first three businesses WILL fail.

Before I tell you why your first business will almost certainly fail, let me tell you that the reason why you don't want to take a huge loan to start your first business is that; well, your first business will most likely FAIL.

Now, why do I claim that your first business will fail?

Listen.

Nobody knows entrepreneurship until a few failures.

That's the truth.

Don't even argue with me.

I don't care if you've read 100 books about entrepreneurship (I had read more than that before I started out in 2008).

I don't care if Bill Gates is your mentor.

I don't care what your experience is.

You don't really know what entrepreneurship is until you failed a few times.

What this means is that you want to fail in such a way as to be able to stand again.

I failed for 8 years and stood again each time because the amount I failed with was small.

Now here is my message;

People who are waiting till they have a lot of money before they would start a business are waiting for the wrong thing.

Why waiting for what you don't need?

People who want to start their first business with $100,000 don't know what entrepreneurship is.

The best way to build a house is to start with a block.

The best time to plant a tree is when it's small

The only way to start life is with a little sperm.

Stop waiting

Stop expecting a perfect start.

My name is Steve COURAGE

Lagos, Nigeria

(Know more about me and see my personal channel here; www.youtube.com/channel/UC1Fj... )

4 years ago | [YT] | 769