1. Why people want to have their 1st Million?
This is a very interesting question.
When asked: “Do you want to be a Millionaire?”
Most people will jump up and say: “Of course!”
In fact there are many who will add: “Who does not want to be one!”
But when we try to dig deeper and ask: “Why do you want to be a Millionaire?” there are many different answers that we get. Let us try to look at some of the common responses.
(a) “I want to do this for Charity!”
This sounds like a very good answer to pull at the heart strings of the public, Judges and the Mentors. You will win emotional support from them and also from the viewers of the show. Sympathetic votes may also be cast for you as you declare that you are doing this for charity.
But the important question to ask yourself at this point is: What are you doing for charity right now?
Let’s assume that you earn $5000 per month. Are you already giving something say $500 per month or even $100 per month or at least even a $50 dollars from it to charity right now?
You do not have to wait till you are a Millionaire to start giving to charity. It is habit. If from whatever little you earn now, you put aside a portion for charity, then we know that this habit will go on when you are a Millionaire too and you will continue giving to charity.
This is a good reason to become a Millionaire, if you are already giving to charity, but if you do not have a habit of doing so yet, do not use this as an excuse to be on the good side of the Mentors and the Judges and of course the viewers of the show at home.
(b) “Because I want to go for Holidays and Rest and Relax!”
Let’s recollect a Good story to share a point.
Dave used to go to the beach daily. It was his habit since childhood, when his father used to bring him there as a young boy. Though his father had passed on, Dave still went for his long walks at the beach everyday either before or after work.
He noticed and he had been noticing for many years that an old man used to come to the beach daily and sit under this equally old tree and just watch the waves come to the shore. It seemed like the old man and the old tree shared some sort of loving relationship and more.
One day, Dave could not hold himself back any longer. He went to this old man and asked: “Why do you come here daily?”
The wise, old man coming out of his thoughts looked at Dave from head to toe and replied: “Why? To of course just relax and sit back and enjoy nature, my child!”
Dave wasn’t impressed with the answer and queried further: “But don’t you have to work or anything? I see you sitting here from dawn till dusk everyday! “
The wise old man cracked up and asked Dave back: “What I will get when I go to work anyway?”
Dave replied: “To get good income
Old Man: and then what?
Dave: you can have a nice house and even a car
Old man: and then what
Dave: you can get a wife and some kids
And of course, you can buy all the luxuries of life that money can buy!”
The wise old man looked up at Dave and said: “And why do you want to have all these?”
Dave said:” So that you can rest and relax for rest of life!”
The wise old man shook his head and said: “am I not doing the same rest right now.
Why I need to follow such a long way to get the same rest which is available freely even now without doing anything. Come join me in the sand, here and now, and we can rest and relax together.”
Enough said!
(c) “To Retire!”
Ah! Another favourite reason we hear when asked the reason someone wants to be a Millionaire. Yes, it is an attractive word by itself, but we think that this word is over-used and even exploited in its daily use.
You see, people can retire from the Civil Service, serving the government jobs or even from the private sector; you can retire when you reach a certain age.
But in business, is there such thing!
When you are doing the business of your passion, you will surely get addicted to it. Seven days a week, you will want to come back to office and do more to grow your baby!
Age 55 may come and you see your peers ‘Retiring’ from their jobs, then age 58 comes, then 62 comes and finally at 65, you see the last of your friends saying goodbye to their offices. But as business owner, you do not care. You feel like going on and on till the last breathe of your life.
From Fact file of Mr. Gupta:
For the last 45 years of my life, I have been coming to work day in and day out. In fact, I have not taken even 45 holidays in the same period!
“If I had to stay at home for even a day having a holiday or without meaningful work, it seems to be a big punishment to me.”
Is Retirement a boon or a bane?
Is it really a Blessing or a Curse?
See, mindsets are different.
The Employee Mindset versus the Business Owner’s Mindset is really on the opposite sides of the equation. Maybe that explains the big difference in the bank balances of the two too.
Once you start getting involved in businesses, you will surely find it hard to break away and retire.
(d) Other reasons and thoughts
There are still many other people who want to be Millionaires for various other reasons. There are many who are earning reasonably well and have comfortable lives; but they still want to go our there and venture into the business arena to make their millions.
Some may want to do it because “My neighbours’ house or car is so much bigger than mine and so I shall have bigger than theirs!”
Some may be thinking: “My friends and peers are better than me in designation or salaries and already so much further in financial success and doing so much ahead!”
This thought may then push them to do better and excel in their careers too and this drive will surely see them go much further.
Others may feel that in my career in the corporate world, I have been making millions of dollars sales for the organisations that I have been working for. How about making it for myself? So I should venture out on my own and make the millions for myself too!
This is a good motivation and it shows the self confidence of the person, but generally there miss a small but important point.
Many times they think sales are profit and they fail to see that the cost of running those businesses or the costs of acquiring the goods and services may be very high.
Like a computer may be sold for $1000 but profit may be only $50 or even $25. So the Millions of dollars of revenue that was brought in from the sales may actually lead to a very small net profit, after all the costs are deducted.
This misunderstanding of gross revenue and sales versus the net profits of an organisation has to be correct understood before that person really goes on to start his own business ventures to make his millions.
(e) People with the True Reason Why!
The last group of people we really want to talk about are small group of business owners. They comprises of not more than 10% of the people out there in this race.
Their reason for doing business is that they just want to do it and they just have to do it!
They just have a passion from within for what they are doing and they deserve to be saluted for the same. This passion within them does not go down regardless of how the business is performing.
Whether they make it or not; they will just go on and on and these people shall be considered the real heroes of the business world for their drive, irrespective of their success or failure.
Are you one of them? What is your reason for wanting to become a Millionaire? Once you know the real motivation you have from within, then your journey will be much simpler and effective.
Find the true “why” within you now.
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