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An Open Letter to Aspiring Entrepreneurs

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Trust me, I know where you’re at. You’ve been sick and tired of doing something you don’t enjoy and you know that you have a greater purpose. Whatever your passion is, it’s calling you in. You envision what it will feel like when you achieve some of your goals and buy your dream car that you’ve always wanted. Not just that but the woman of your dreams and the “life” that you aspire to have one day is so real in your dreams, that you almost think its reality. Then you wake up.

The reality is that this world is a cold place and will give you absolutely nothing unless you work for it. Are you prepared to be tired and still put out maximum effort anyways? That’s what it takes to run a successful growing business. Unfortunately, some of the influencers that you follow on social media will only show you the end result of years of hard work. They don’t actually show you the nitty gritty of the blood, sweat, tears, setbacks, punches in the face that come along with that success. So, if you just started your business, be mentally prepared right now to know that this will be one of the hardest things you will ever do in your life. 

Having said that, keep in mind, the 2% that win are the men and women that get up every day and perform at their best regardless of the circumstances at hand. These 2% of winners in the world know that winning is a skill and that if they don’t exercise daily winning habits, they’ll stop winning. There is no magic, successful people don’t just have some mysterious potion of success at their grasp. It’s just a fact, that putting your head down every day and pushing the needle forward, is exactly what you need to do. Not some of the time, or once in a while. I mean every single day having intentional effort and getting things accomplished. 

“The way to get started is to quit talking and begin doing.” – Walt Disney

When I was 22 years old, fresh out of college and eager to make something of myself, I took an opportunity to become a sales manager of a failing company with great raw potential. I understood that If I were to achieve success, I was going to have to learn and have humility. I learned as much as I could, taking mentors of mine out to dinner, asking tons of loaded questions and striving to gain as much wisdom in my field as possible. I had extreme anxiety at first to be honest with you. As time went on, I gained speed and was inspired each time I came away with a small win. I started to believe in myself. 

Self confidence is likely the most important quality one can have to endure during tough times early on in your business. Without it, you may find yourself wondering why you don’t seem to be getting closer to accomplishing your goals. If I had a gift to give my future children, it would be self confidence. This is believing in yourself even when nobody else does. Betting on yourself to overcome adversity and the challenges that awaits. This is something that I know acquire very much so because of experience and time. It was a gradual process but over time I understood my value. I understood what my strengths and weaknesses are.

New business owner, yeah I’m talking to you. Do this for me and it will change your life. Figure out what you are good at and naturally gifted with. God gives everyone natural skills and ability based upon his choosing. It’s up to us to figure out what those natural gifts are. Try new things, learn and make sure you figure this out quickly, time is of the essence. Once you do, work and perfect those skills to the very best of your ability. Try to become so effective in that gift that you are within the top 5 – 10% of people that do that. This ensures that you can provide the most value possible. The higher you go with these trainable skills, the more people will seek out your service and pay you more for it too.

“Business opportunities are like buses, there’s always another one coming.” – Richard Branson

My particular gifts or skills are sales, communication and creativity. I know these things to be true in my life so I focus most of my time developing these areas of my life to blossom into powerful assets that I always carry with me. Wondering how that situation panned out with that failing company I attempted to turn around? Within 2 ½ years we went from 1 – 6.5 million in annual sales and we are up over 40% YTD in sales this year. I believed in myself, put my head down and created relationships and values that really make a difference. My weak points are substituted by some of the best people that I could’ve ever asked for. 

It’s going to be hard but it will be worth it. Don’t give up on your dream. You have only shot at this life, please don’t be that older retired man or woman that regrets not taking that “chance”. You’d feel better in that moment if you at least tried and failed as opposed to not trying at all. 

My name is Jonathan Fell. I'm a 26-year-old entrepreneur out of Canton, Ohio. I am an expert in sales and internet marketing. I've built a $6 million dollar company in less than 3 years. I have undergone some serious self-development over the last 4 years and I've changed my life. I'm the definition of a hard-working individual that doesn't take no for an answer. I hope to inspire and share insights based on my personal experiences.

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Entrepreneurs

The Many Faces of Benjamin Franklin: A Masterclass in Versatile Leadership

Versatile leadership involves the ability to adapt communication as per the needs of others.

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benjamin franklin leadership

Versatile leadership involves the ability to adapt communication as per the needs of others.  It is different from situational leadership where the leaders have to adopt the strategies as per the situation.   (more…)

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Entrepreneurs

10 Lucrative Buy and Sell Businesses to Start in 2024

The buy-and-sell business model provides opportunities across many niches

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Businesses to start in 2024

In the dynamic landscape of 2024, starting a business that capitalizes on buy-and-sell models can be incredibly lucrative. This article explores ten different models that entrepreneurs can consider. These ventures range from real estate flipping to trading in domains and luxury items, providing a broad spectrum of opportunities regardless of your initial capital or interest area.

1. Car Flipping

Flipping cars can be a very lucrative business venture for an individual with business acumen, an eye for value, and mechanically adept at cars. It involves buying under-priced cars, restoring, and selling them for a profit. For deeper insights and opportunities in this market, refer to sca.auction.

2. Real Estate Flipping

Flipping real estate—be it houses, condos, or even commercial properties—remains pretty solid business, especially in markets where real estate values are on the way up. Investors buy properties relatively low, do rehab or renovation, then sell at a profit.

The success of the area is endowed with a huge potential spotlight, the ability to juggle various elements such as local real estate market knowledge, and efficient management of renovations.

3. Vintage E-commerce

With the advent of technology, it became easy to sell vintage or retro items over the online selling platform. Be it clothes, furniture, or even collectibles, consumers these days prefer something unique that is eco-friendly and which may have a nostalgia quotient in it. Hence, it brings the opportunity to open an e-commerce shop effectively.

4. Domain Flipping

If you have the skill to predict catchy phrases or business names that would be popular in the future, then buying and selling domain names would be a very profitable business. Register prices are available to purchase domains, which later can be sold at high prices to interested parties or businesses that wish to get an early online identity.

5. Luxury Items

One of the most promising buy-and-sell businesses is the luxury market, and what makes it very attractive is its less sensitivity towards economic downturns. Some of the common items in the luxury market include high-end watches, jewelry, and art, rare cars, all with high yields. Most times, items do appreciate, especially when they are limited editions.

6. Sports Memorabilia

While the sports memorabilia trading business can at times seem lucrative, especially when one focuses on big personae or big events, authenticity and rarity can definitely help items fetch top dollar. Provenance and limited supply both go towards inflating their values.

7. Sneaker Reselling

In recent years, the sneaker resale market has exploded, fueled by a commodity of scarce releases and athletic brand collaborations with a list of celebrities. Today, with operations such as StockX and GOAT, it’s really that easy to break into the worldwide market. It’s pretty easy to find your buyers and make a very good profit if you’re targeting the right trend and releases.

8. Book Flipping

Flipping rare and first editions can become a really meaningful, and yes, one more profitable, business for a book lover. Sometimes the signed ones, rare manuscripts, or those early editions of famous novels could sell for thousands of dollars, usually done by collectors or academic institutions.

9. Furniture Upcycling

Upcycling furniture consists of restoring and using second-hand furniture to sell it at a higher price. For the environmentally aware consumer, this business model has great appeal. It could be pretty profitable if done with good taste and talent in design and restoration.

10. Electronics Flipping

Smartphones, tablets, and laptops resell at values significantly high; hence, business ensues. Buy, refurbish, and sell in better condition to appeal to budget-minded consumers looking for technology at more affordable price points. 

Overall, The buy-and-sell business model provides opportunities across many niches. Be it real estate flipping or vintage item upcycling, you can succeed in both models with market understanding and trend application. That, with careful planning and strategic investment, will throw huge financial returns for these business models in 2024.

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Entrepreneurs

How Your Business Can Outmaneuver Your Competitors by 85%

Did you know that companies that master big data can outmaneuver competitors by 85% in sales

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big data strategy

Did you know that companies that master big data can outmaneuver competitors by 85% in sales and more than 25% in gross margins? Sounds inspiring, right? But the thing is that data alone isn’t enough. Rather, it’s the strategy behind it that unlocks these enviable boosts. So, this article explores how to make the most out of your big data and build a strategy that’s functional and competitive. (more…)

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Entrepreneurs

Most Entrepreneurs Fail to Do This and It’s Killing Their Success

Celebrating progress also provides entrepreneurs with the psychological sustenance needed to endure the marathon of building a business

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celebrate your milestones

The journey from a mere concept to a tangible reality is one of the most exhilarating yet challenging paths an entrepreneur can navigate. This odyssey is punctuated by milestones that stand as testaments to perseverance, innovation, and relentless hard work.  (more…)

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