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Buy a Job, Build a Business, Own Your Future

Written by Dan Jourdan

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20 Months to One Million Dollars

Being the owner of multiple businesses, I am always conscious of my money from both a personal and professional perspective. Our lives are very much intertwined and often controlled by our ability to manage, save and spend our money. I was recently reminded of a great concept that I learned about when I was a teenager.

If a person were to take one dollar, invest the dollar in an asset and then sell the asset for two dollars, they will have taken the first step in a 20 month process of accumulating a million dollars. The only habit that would need to be created is the habit of doubling the amount in hand every month for 20 months.

The final amount at the end of each month would be:

Start - $1

Month 1 - $2

Month 2 - $4

Month 3 - $8

Month 4 - $16

Month 5 - $32

Month 6 - $64

Month 7 - $128

Month 8 - $256

Month 9 - $512

Month 10 - $1024

Month 11 - $2048

Month 12 - $4096

Month 13 - $8192

Month 14 - $16384

Month 15 - $32768

Month 16 - $65536

Month 17 - $131072

Month 18 - $262144

Month 19 - $524288

Month 20 - $1048576

Obviously the model is very simple and the idea is basic enough for anyone to grasp, however, I would like to expand on the underlying psychology of this concept. Let’s imagine that we were going to make a committed decision to implement this model in our own personal financial lives and we could not skip any steps or take any shortcuts. By the end of the first year, we will have accumulated only $2048. This means that in the next 8 months, we will have to amass $997,952 more than we currently have to reach the one million dollar level.

At this point, this imaginary experiment becomes more of a fairy tale or daydream to the average person. But let’s think about our minds and the power of focus. For the first 12 months of the experiment, we were making a monthly habit of acquiring assets (likely devalued assets) and selling them at a higher price point. As each month went by, we were forced to become more creative and innovative with our investments as the challenge of each amount grew larger. Assuming we were successful for the first 12 months, the challenge on month 13 would be to double $2048 to $4096. After an entire year of practicing with small amounts and getting into this habit, the only real change required would be to adjust our perception of the size of the investment. There are plenty of people in the world who have had success doubling large sums of money in short periods of time (business acquisitions, real estate and currency trading to name just a few). The average person may not understand how to do it but they most certainly could learn if they were to focus their mind and their attention on the task and do whatever it takes to learn the required skill.

I once heard T. Harv Eker use the extreme example that if there was a life or death situation and your life depended on you making a million dollars in one year, you could figure out a way to do it. I completely agree. The point I am trying to make is that I truly believe we are all capable of achieving a goal like this if the stakes are high enough. Why then, do so few people ever try to achieve such a major goal? Why do so many people reject the idea before giving any serious thought to it? There are probably a number of reasons, but from my perspective, the primary reason a person would never even attempt a goal like this is because in their heart, they don’t believe they can do it. If they did believe they could achieve the goal, would they not be actively working on it? Of course they would.

With that in mind we can begin to understand the powerful role that beliefs play in our lives. From the standpoint of our minds, a psychologist would say that a belief is nothing more than an idea that we have consciously accepted as true and ingrained as part of our subconscious conditioning. So if we are holding on to beliefs that limit us and keep us from taking action on a life changing idea, with the proper awareness, we can make the conscious decision to formulate a new belief that supports us in our big life goals.

I think it is both healthy and wise for every person to take time out regularly to examine their habits of thought. Since this article is centred around the idea of financial goals and money, I would encourage you to step back and review your personal thought processes when you were introduced to the idea of ’20 Months to One Million’. If you rejected the idea as something that was unrealistic or out of your level of capability, take some time to examine the belief you are holding that is causing you to reject the idea. What other limiting beliefs have crept into your mind that are no longer serving you? Can you replace those beliefs with a more empowering and gratifying thought pattern?

Build Wealth | The Sales Store

If you buy a job, you can build it into a business and have all that you dreamed of. If you try to buy a business and don’t have a whole lot of money and experience in owning one…you will end up with a job, and get divorced, and hate yourself forever. If you think that I am being harsh just give a call to any divorce attorney and ask.

Buy a Job Not a Small Business

It may sound crazy at first, but that is only because you have been sold a bill of goods your whole life from people who mean well, but are lacking in confidence in their own ability. You have also been told that if you buy your own business, you should want to own a business that can run on its own, without you, and grow while you vacation in the Greek isles. Well, they are right too; in the sense that a “business” is what you want to own, but a job is what you want to buy.

Here is why:

If you buy a job, you can build it into a business and have all that you dreamed of. If you try to buy a business and don’t have a whole lot of money and experience in owning one…you will end up with a job, and get divorced, and hate yourself forever. If you think that I am being harsh just give a call to any divorce attorney and ask. They make a living on entrepreneurs that bought a business and later found out that the store had become their new spouse.

Please understand, I think that buying a job is a good thing and that everyone should do it. A country of self-made, independent, hard-working and giving people is what built this country in the first place. The employee mindset is a relatively new phenomenon promulgated by the school system created to fill the jobs of a century ago. This mentality will eventually wither from the vine, hopefully in our lifetime.

You Are The Boss!

Everyone is already in business for themselves. You just don’t have enough customers yet.

Think about it,

Who tells you to get out of bed in the morning? You do!
Who plans your day? You do!
Who decides where and when to eat? You do!
Who decides where to work? You do!
Who decides what career to have? You do!
You also decide how much you are going to make!

Buying your next job just makes your “being your own boss” official. The difference is simply if you are employed by someone else now, you still service the end user or customer but you let the payment for the services go through a middleman called a boss, and let him take most of your hard earned money. What the employee mindset does is hire a boss to do a lot of work, take a lot of risk and for that you are paying him a consulting fee of 99% of the profits.

The business owning mentality say’s “Why not just get the work myself and take some risk and pay some consultants (employees) 30% of the profits and keep the rest".

Some of the best advice I ever got was from a neighbor Richie Meyers when I was ten years old. He was a businessman and owned a street cleaning business. One day he asked me what I was going to be when I grew up. I proudly said I wanted to be a lawyer. He said “good, maybe I’ll hire you one day”. I decided that night I didn’t want him to hire me…I wanted to hire me! I also wasn’t smart enough to be a lawyer.

You Need Equity, You Need Ownership

With all the opportunities and franchises and information and yes, even money out there you are out of excuses for not owning your own future. It is no longer an “I can’t" situation; it is a lack of “want” situation. That’s OK too but here is a question for you; if you were the boss, would you hire someone with so little drive to succeed?

So find a way somehow to get in with a company and get some equity, become and owner and see how much better life is. Buy a job, work hard, invest your money, build a real business and I’ll be seeing you on vacation in the Greek Isles.

For more information to help your sales career, click here.

Dan Jourdan
		About the author:
		For the past decade, DAN JOURDAN has served as a trusted advisor and consultant to numerous businesses. In addition to being a professional speaker, Dan is a managing partner of Neighborhood Business Brokers, where he works with business owners from all types of industries to help facilitate sales and acquisitions. Dan has become recognized as an authority on the assessment and valuation of small businesses and successful practices of entrepreneurs. .