Many of us have taken the most traveled route of being employees -- study, do well in school, graduate, and hopefully land a good job. And nothing wrong with that. You report to work and do what's expected of you for a specified duration during the day. That's it. That's easier to get a fixed monthly earning and only mind your assigned task. That is simply put it.
But when it comes to owning a business, it's a different story. You drive it yourself, and you're responsible for its outcome. And not everything is smooth sailing. Challenges come and test your patience. How do you pivot? [..but that's for another topic..]
That's why only a few jump into it quickly; the level of commitment is of another level. You also must include a passion for keeping that fire to keep pushing through.
But despite all these, why do we encourage people, especially employees, to start a business?
Let's join our marketing world masters, Airon and Jungie, as they share their big takeaways from their pre-business phase to this time that they already are business owners. Many of you can relate to their experiences navigating the corporate world. And I'm sure many of you will also find valuable insights into what they have to say on why you should start having your own business now.
Here's how to figure out your Northstar [when deciding what business to pursue]:
- You can create a Lifestyle Business - one that will allow you to travel, partyparty ka lang, nasa beach ka at gusto mo kumita.
- Start a Legacy Business - ito young business na ipapamana mo, may malaking commitment involved.
- Build a Business that you would grow to a certain level - Yung tipong pag nag 7-figure okay na to for you, at a certain age okay na to ibebenta mo na sya, pwede ka nang magretire. Kumbaga sa retirement mo all good ka na.
What you'll learn from this episode:
- Find your purpose on why you want to start your business; that will determine the kind of business you will pursue
- Discover other surprising benefits of owning a business other than earning more than what is needed.
- Learn how owning a business affords you the opportunity to grow as a person and business owner and allows you unlimited possibilities for learning.
Key Takeaways:
"Bago akong maging business owner kaya ko gustong magbusiness kasi meron kasabihan, general knowledge na di ka yayamna pag employee ka lang at maraming naniniwala dito. For the most part there is some truth to this." - Airon dela Cruz
"Nung time ko gusto ko kasing enjoyin yung mga activities na I love doing, running, hiking, surfing, scuba diving. Syempre mga activities naman meron kaakibat na expenses. That's what I mean when I say gusto ko yumaman kasi I am able to do the things na gusto ko gawin." - Airon dela Cruz
"Pinakahugot ko before ako magbusiness is gusto kong kumita ng more than sapat kasi noon talaga kailangan mong pagkasyahin lahat lalo na di naman kalakihan sweldo mo." - Airon dela Cruz
North star yong pinakapurpose mo why you want to start a business. - Airon dela Cruz
"With me gusto ko kumita talaga. I want quick cash." - Jungie Gumiran
"One reason kung bat ako umalis sa corporate is because I realized I am not built to work sa corporate." - Jungie Gumiran
"Naghanap ako ng something na I can make my own rule, kung saan dapat ako ang magdedecide kung kelan ako magwowork, ako ang gagawa ng rule sa sarili kong business." - Jungie Gumiran
"Importante rin kasi na alam mo yung hugot mo kasi yon yung magseset ng pace kapag may business ka na." - Jungie Gumiran
'You need to choose kasi [go back to your Northstar], di sya pwedeng halo halo, gusto mo ng legacy business, parati ka namang nagpaparty. O kaya naman gusto mo ng lifestyle business. At pag ganon nasa beach ka, nagtatravel ka, at naiistress kaya di ka maka hit ng 8-figure sales per month. Ang mangyayari dyan kakainisan mo lang sarili mo."- Jungie Gumiran
"Dun sa tatlong sinabi ko you can decide naman alin dito yong northstar mo, wag mo muna ioverthink kasi at a certain level pwede syang magbago. Di naman yan yong pakakasalan mo." - Jungie Gumiran
"When I reach a certain level of growth sa business namin narealize ko na I love doing yong ganito to the point na naaadict na ko to create another product." - Jungie Gumiran
"Ngayong business owner na ko, kaya ko iniencourage yong maraming tao especially yong mga employee na magbusiness, una, para bumalik yong totoong ikaw." - Airon dela Cruz
"The reality behind owning a business na totoo naman talaga na mahirap magtransition from corporate to becoming a business owner pero kami we want you to work on your own timeline, something na kahit papano secured ka na on transitioning." - Jungie Gumiran
"Pero wag mong gamiting excuse yon. May timeline pala, o sige after 30 years na lang. Mali naman yon. Yong timeline na sinabi namin, lagyan mo nang goal post at milestone kelan mo sya sisimulan. Gusto mo nang business, wala ka pang puhunan ano gagawin mo?" - Airon dela Cruz
Lessons from managing their business:
"You will never be 100% ready" - Airon dela Cruz
"When I started earning money and nakita ko na yong results, nakapaghire na ko, nakapagpasweldo na ko ng maraming tao. That's when I feel motivated to go to work every day because I am following my own dreams. And I am in control of my own success. Doon ako mas passionate towards building my business, building my team, and making an impact in other people's lives." - Jungie Gumiran
Connect with Airon dela Cruz
Connect with Jungie Gumiran
Connect with Wala Kang Benta - The Podcast
We love to hear from you! For comments, suggestions, and if you want to be featured on the show email us at Hello@walakangbenta.com
