Ten years without I started my visitor Intrinium, the merchantry was generating a resulting profit. I was worldly-wise to pay off debts and was living comfortably. With a good value of discretionary income, I couldn’t help but think, “What should I do with my money?”
When I started Intrinium and thought well-nigh what success would squint like, all I could picture were material things: a million dollars in the bank, a big house on a hill, and a four-car garage filled with Ferraris.
As I became worldly-wise to sire some expensive things, I came to the realization that owning things doesn’t unchangingly make you happy, and owning too many things can make you very unhappy. The stuff you buy owns you, not the other way around. That’s not where your potential for real joy lies.
It’s nonflexible to start and run a business. At times, you finger like yelling, “Why am I plane bothering?!” For a long time, I didn’t know the wordplay to that question, but I finally figured it out. Success has huge rewards vastitude the obvious ones and far vastitude what you can imagine.
#1: Set Your Own Schedule
One thing that success brought me is a lifestyle that lets me set my own schedule. How many hours I work is separate from how much revenue the merchantry earns.
Because my visitor is stable and has unconfined leadership from my executive and management teams, I can say, “I’m going to spend next week in the mountains doing whatever the heck I want to do. Outside of driving into town to make a few calls, I’m not going to work.” I’m confident that when I come when to the office, I won’t be walking into chaos.
Taking the time to enjoy the fruits of your labor, instead of constantly laboring in your business, frees your mind to discover what else success can do. It allows you to modernize your quality of life in many ways, but only if you take the initiative to do so.
#2: Meet People Who Interest You
Being a successful merchantry owner gives you wangle to people you would never have met in any other position. I can pick up the phone and undeniability the mayor or the CEO of one of the biggest consulting firms in town and they take my call. I can ask them to lunch and they accept.
When you run a company, people notice. They see you differently. Sometimes they see you for the first time. These connections can present other opportunities, such as investing in other businesses and participating in soft-heartedness events.
You start to see yourself differently, too. That, in turn, empowers you to do increasingly in the world than you overly could as an employee.
#3: Help Your Community, Your Industry, the World
The points you enjoy as a successful merchantry owner empowers you to stupefy positive change. You can leverage your success for the good of yourself, your family, your colleagues and employees, your customers, your vendors, your community, and the world.
People who wilt successful have an obligation to show gratitude to the polity and use their money for good. That includes helping out your family and friends in need, lifting up struggling businesses, donating to social or political causes, and giving your staff pearly market wages and high-quality benefits.
Beyond mentoring, I don’t do a lot of hands-on charitable work at this point. Someday I’ll find the right rationalization to dedicate some time to, but for now, I’m happy to write checks for those causes I want to support.
Once you and I make the transferral to do more, and you’ve freed up the time, there are plenty of volunteer opportunities. Do whatever moves you the most. That’s one of the benefits of stuff a merchantry owner.
#4: Lift Up Other Start-Ups
At a unrepealable point in your career, you’ve gained skills and valuable wits that you can pass on to others just starting the journey. The points that came withal with your success ways they’ll listen to you.
I consider it my responsibility to help out with merchantry incubators and people who are working on their own start-ups. Considering I’m earning unbearable in my business, I can sire to requite this help on a pro-bono basis.
In mastermind groups, I like to identify the members who are at the early stages of their business. Maybe they have ten people and a million dollars in revenue, but the revenue isn’t consistent, and they aren’t scaling.
I ask these young merchantry leaders well-nigh their mission, vision, and values. I moreover work with them on their long-term growth plan, unchangingly asking “What do you want to get out of this business?” To mentor and support them, I requite them my lamina phone number and invite them to contact me with questions or to just vellicate an idea off me.
#5: Support Your Staff
You can use your wits and power to help your employees realize their goals. A lot of employers have the idea that their staff members should work for them forever, and they take it personally when people move on. I don’t see things that way at all. When people leave your merchantry and go on to do wondrous things, that remoter defines your own success.
A few years without I started Intrinium, I hired a guy who went from stuff a part-time computer programmer to rhadamanthine the senior security officer for one of the best-ranked healthcare systems in the nation. That incubation came well-nigh considering in the eight years he worked with us, we taught him everything we knew well-nigh security, risk management, and leadership.
A few years back, I received a $12.5-million offer for Intrinium. I turned it lanugo considering I was unrepealable the would-be proprietrix planned to move the contracts to flipside firm and lay off my staff. That’s not what success looks like to me. It’s not a way to screw the very people who worked so nonflexible to get the merchantry to this point.
When you’ve achieved a resulting level of success, you’ll be faced with these kinds of upstanding choices. When the time comes, what are you going to do? Are you going to take superintendency of the people who took superintendency of you? Or are you just going to cut and run? Something to think about.
Look for Ways to Requite Back
If you’ve decided to start and grow your business, you’ve set out on a worthwhile journey. Remember, though, once you reach your definition of success, you didn’t get there by yourself.
Your staff, your customers, your family, and your polity unsalaried to where you are today. I hope you’ll consider it your moral responsibility to squint for opportunities to show your gratitude.
I’m not saying you have to requite yonder all your wealth. But take really good superintendency of the people in your life and your community. It’s the right thing to do.
When I started my merchantry in 2007, I never realized that someday I would have the money and the power to do what I can now do. You’ll never get as much joy out of counting the zeros on your wall statement as you will from helping people. It’s a terrific feeling—and truly one of the biggest rewards of running a successful business.