How taking risks in your café business can lead to financial freedom
22 March 2017
Posted by Equus Partners
I’m sure most of you have heard of (if not read) Robert Kiyosaki’s Rich Dad, Poor Dad, one of the most famous personal finance books of all time. (For those of you who haven’t, it’s the story of what two fathers in Robert’s life—his own and his best friend’s—taught him about money and investing.)
Well, around 15 years ago one of my friends and I went to one of Robert’s talks. And I can honestly say it put me on the path to financial freedom. By the time it was over I was determined to be my own boss and become financially stable by investing and building businesses.
Yes, I’d be taking a risk. But having heard Robert’s story, it seemed like a risk worth taking.
Unfortunately, it didn’t have the same inspirational effect on my friend. He was content to keep taking jobs, working hard for his bosses, and putting money away for the future when he could.
As I said, that was 15 years ago. Since then I’ve started three businesses, employed team members around the globe, invested both locally and internationally, and bought and sold several properties.
And my friend? Well, he’s still working for ‘the man’ and living in a rental. And the only investments he has are his bank accounts.
A risk worth taking
It might sound like I’m telling this story so I can gloat about my success. But I’m sharing it so you can see how taking risks can be a great thing.
Of course, having taken that first step to becoming a café entrepreneur means you may already know taking risks can lead to greater rewards. But you may be hesitating a little as the fears and doubts start to creep in. Fear of cash flow shortages. Fear of losing a key team member. Fear of losing money on invested in your cafe business.
Believe me, you’re not alone. Every entrepreneur struggles with doubt, including me. In fact, it’s practically a rite of passage.
And I’m not going to say anything like, “Take it easy. There’s nothing to worry about”. It won’t be easy. There will be things to worry about. Your path to financial freedom will be full of obstacles.
But you can get past them. You just need to embrace that fear, get comfortable with being uncomfortable, and strap yourself in for in incredible journey of investing and growing your wealth.
And at the end of your journey you’ll be able to retire early, and reap the rewards of all your hard work.
But in the meantime, just sit back and enjoy the ride. And if you need directions, don’t hesitate to get in touch with us.