By: Skyler Johnstone
Welcome to the Entrepreneur Life 101 blog!
My name is Skyler Johnstone, I am 22 years old and I have been an entrepreneur most of my life. Basically, I didn’t have a choice in the matter, BUT I have been loving every minute of it. My parents and grandparents were all entrepreneurs in one way or another with both a successful baby clothing business and a play in the real estate market up to this day. First and foremost, real estate can be very lucrative so keep that in mind but be careful of the downfalls. When I was a young man instead of sending me to daycare my mom would bring me into her baby clothes store while my dad went to work as an electrician in Seattle. I was joyfully forced to grow up knowing numbers, business layouts, business plans, marketing goals and the key point, How to turn a profit!!! Case in point, my mom was able to buy baby clothes from Goodwill and then put them in her shop for a reasonable mark-up.
What is an entrepreneur you might ask? An entrepreneur is a person who stakes his/her money on an idea or business they feel will be successful and recoup their investment back with a sizable profit. Believe it or not we are all entrepreneurs in one way way or another. Don’t believe me? Well, you have a job right? You had to spend your time and money looking for that job did you not? Gas costs money and I’m sure your time isn’t free either. By searching for that job you staked your own $1-100 in gas to get to work or that job interview and thus you are actually staking money into the fact you will make enough by the end of the day to substantiate the cost and expenses you have incurred. So just by driving to work that day you are in more ways than one an entrepreneur. At the same time you are taking the risk that your employer may or may not pay you for that days labor and thus you are an entrepreneur too!!!
If you don’t have a job, tough shit, create one!! But wait, hear me out and let me explain. It is very self explanatory but sure enough some out there are scratching their head at this idea because they never knew it as a viable option.Believe it or not, a business can be started with as little as $20. No it’s not a typo, $20 can start a business. I started my window washing business See Clear Windows with only $20. I invested it into a bucket, a squeegee, and a little dish soap to start. With a little bit of vigor, creativity, and a go-getter attitude I walked across the street in the same parking lot and turned my $20 investment into a $100 profit for only 3 hours of not so hard labor. I had asked the local stores if I could wash their windows at a discounted price because I was just starting out and not surprisingly most had said yes! Long story short, I re-invested part of the profits back into my one day old business and thus I had my own operational and profitable window washing business and I made more money at it in that one day then I could’ve working part-time at minimum wage job for two! After the first month I had setup approximately $300 in monthly reoccurring business accounts which, albiet could have been more but usually residential cleaning is more lucrative. During the first month I setup a website, designed logos, made fliers, business cards and hired employees. I’m willing to bet you didn’t know it was that easy either. My first month I had turned a profit of $2,000, not bad for a 19 year old college drop-out at the time. Keep in mind I am back in school right now but at the time I was not. I hired laborers off of Craigslist to flier all of the local neighborhoods on a commission base which worked out perfect for my needs as a small business. I invested into setting up an LLC a few months later and even did some advertising on a local newspapers website as a premier advertiser.Well enough about me, the rest of this blog and it’s articles are for you! But, if you decide to go out and start a window washing business don’t forget to get insurance, a valid license to operate and something to protect you and your potential employees. If you have any more questions about my past window washing endeavors or need advice on your business ideas feel free to contact me anytime via email at email@example.com or follow me on Google+, Facebook, or Twitter #el101skyler.
Thanks for reading my first post. Keep reading it gets better! I look forward to talking to all of you very soon. Don’t forget to share my page with your friends, family, neighbors, and co-workers. I hardly ardevtise so if you like what your read, please tell your friends.
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