BY DAVID ANDERSON
As a young entrepreneur, there comes a time when your environment and experiences are looked at as an asset or a liability. An asset is a resource with economic value that an individual, corporation or country controls or owns. Assets provide future benefits over time if you have the patience. Liabilities can be described as a person or company that owes, usually a sum of money. Providing economic benefits over time with the transfer of money, goods or services is how you settle liabilities.
What do you think would happen if we were taught assets and liabilities as a child? I bet we would learn to leverage our resources and friendships, which would provide an enormous amount of value in the future.
What I have come to realize is, the person who thinks they can and the person who thinks they can’t are both right. Those that grew up in marginalized communities have an advantage in society. Growing up in a marginalized community will allow you to dream of a better life, especially after seeing your parent(s), guardian(s) or community elders drained after a hard day’s work. You will also be able to deal with pressure, prioritize needs and empathize with others in times of need.
Leaders are born through adversity and risk-taking. Leaders thrive while many hide. 98% of society hides because they are scared to step out of their comfort zone and take risks that will essentially benefit them. Only 2% of society are willing to follow their dreams/goals, open to new experiences, embrace criticism, lose unsupportive friends and do not fear rejection.
I am sure we all have done everything listed above, but how often? Are these behaviours a part of your routine? Do you have a healthy or wealthy habit? These questions force you to look in the mirror and will help you navigate your path to success. Those who fail to reflect on their actions, experiences, and behaviour, fail to grow.
There needs to be more accountability, education and economic resources in our communities so that the next generation has a support system for success. We need to be proactive and not reactive. We need to provide more education for our youth and communities in financial literacy, mental health and cultural acceptance. This will support their personal and professional development.
Just remember we are responsible for family, community and ourselves. As an entrepreneur, you have to work hard, be consistent, provide value, take risks and trust the process. You must learn how to handle difficult times because they come right after opportunities. Prepare for opportunities and difficulties in life like we do seasons. What we do this season will either positively or negatively impact next season.
Thank you, for reading entrepreneurial minds with David Anderson.