Like a fairy tale, almost every successful entrepreneur has their very own "Cinderella" story, or, more known as a "rags-to-riches" story: from busing tables in restaurants to becoming millionaires by their 20'sfrom living in a dump calling itself a flat, to owning many homes, one for every day of the week.
And while all those stories are inspiring to hopeful entrepreneurs, the road to riches is a bit more "down and dirty."
Take into consideration Mike Michalowicz's approach and try asking yourself this, "A 'Toilet Paper Entrepreneur', is that me?"
Real entrepreneurialism, as Mike puts it is like this bathroom experience: You are doing your "business", and when it's done, you suddenly find out that there are only 3 sheets of toilet paper left! Out of necessity, you are then forced to be creative and inventive to be able to leave the bathroom smelling fresh.
He adds that successful and serious entrepreneurs are not those who sit around and wait for someone to hand them a "roll of toilet paper".
They take matters into their own hands and search within reach that they use. If you must, dig through the garbage, or use the roll of cardboard instead and move on.
Serious Entrepreneurs don't make excuses and don't have patience for people who do.
Words you'll never hear from a Serious Entrepreneur:
"I'm broke right now."
"I am not that smart."
"I don't have the time. I'm too busy."
"Businesses take too long to build."
"There are too many risks."
"I'm too old."
Serious entrepreneurs don't just sit and dream about when their big break would come, but they get off their butts and make it happen.
In funding a new venture, they don't just wait for the money to come, but they find ingenious ways and use their strengths to finance the project.
On a lighter note, most millionaires live frugal lives: Warren Buffett, for example, is third on Forbes' list of the richest people in the world, but still he remains living in the house in Omaha, Nebraska that he bought for $31,500 forty years ago.
They don't, contrary to popular opinion, multitaskthey focus on one task until it's done.
They aren't perfectioniststhey say, "Good is good enough."
They know that speed and money go together.
They have this thinking that by the time the sales letters, website design, or ad campaigns have been perfected, competition have taken the concept and run away with it.
They take take action, instead of taking a long time on planning and making revisions.
They are thrill seekers, but they have gone out of their way to calculate the risks involved.
Dick Costolo, founder of Feedburner.com said, "The key is to just get on the bike, and the key to getting on the bike is to stop thinking about 'there are a bunch of reasons I might fall off' and just hop on and peddle the damned thing. You can pick up a map, a tire pump, and better footwear along the way."
Determined entrepreneurs need no toilet paper.
Why so? Because for sure they have a napkin to spare in one of their pockets with another million dollar project written on the other side.
And while all those stories are inspiring to hopeful entrepreneurs, the road to riches is a bit more "down and dirty."
Take into consideration Mike Michalowicz's approach and try asking yourself this, "A 'Toilet Paper Entrepreneur', is that me?"
Real entrepreneurialism, as Mike puts it is like this bathroom experience: You are doing your "business", and when it's done, you suddenly find out that there are only 3 sheets of toilet paper left! Out of necessity, you are then forced to be creative and inventive to be able to leave the bathroom smelling fresh.
He adds that successful and serious entrepreneurs are not those who sit around and wait for someone to hand them a "roll of toilet paper".
They take matters into their own hands and search within reach that they use. If you must, dig through the garbage, or use the roll of cardboard instead and move on.
Serious Entrepreneurs don't make excuses and don't have patience for people who do.
Words you'll never hear from a Serious Entrepreneur:
"I'm broke right now."
"I am not that smart."
"I don't have the time. I'm too busy."
"Businesses take too long to build."
"There are too many risks."
"I'm too old."
Serious entrepreneurs don't just sit and dream about when their big break would come, but they get off their butts and make it happen.
In funding a new venture, they don't just wait for the money to come, but they find ingenious ways and use their strengths to finance the project.
On a lighter note, most millionaires live frugal lives: Warren Buffett, for example, is third on Forbes' list of the richest people in the world, but still he remains living in the house in Omaha, Nebraska that he bought for $31,500 forty years ago.
They don't, contrary to popular opinion, multitaskthey focus on one task until it's done.
They aren't perfectioniststhey say, "Good is good enough."
They know that speed and money go together.
They have this thinking that by the time the sales letters, website design, or ad campaigns have been perfected, competition have taken the concept and run away with it.
They take take action, instead of taking a long time on planning and making revisions.
They are thrill seekers, but they have gone out of their way to calculate the risks involved.
Dick Costolo, founder of Feedburner.com said, "The key is to just get on the bike, and the key to getting on the bike is to stop thinking about 'there are a bunch of reasons I might fall off' and just hop on and peddle the damned thing. You can pick up a map, a tire pump, and better footwear along the way."
Determined entrepreneurs need no toilet paper.
Why so? Because for sure they have a napkin to spare in one of their pockets with another million dollar project written on the other side.
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