Today we’d like to share another success story from one of our members Scott.
But first realize that Scott’s success didn’t come overnight. It was a process that unfolded through many failures.
For many of you, that story will sound familiar.
For some of you, you may be shutting the door on yourself too early.
Here’s how Scott’s story could help you:
I took the entrepreneur profile test and found out that I am a Creator. This has really opened my eyes to why past business ventures have failed for me. I have always had that internal entrepreneurial spirit. Now I am one step closer as I am discovering my entrepreneurial strengths and tendencies.
Scott didn’t elaborate on his past business failures, but…
…It probably went something like this:
He found an exciting business opportunity and threw himself fully into it.
He did everything he was told, but it didn’t quite work like he thought it would.
He tried his best to make it work, but challenges came up, and he didn’t know what to do next.
He made a few sales, mostly to friends and family. Then he floundered around for a while.
Finally he got bored because there wasn’t any success. Or he ran out of money. Probably both.
It’s a story that gets repeated thousands of times every day by well-intentioned entrepreneurs.
They are very close.
They just need a little guidance.
But after that you need persistence. Because…
Failure is part of the learning process.
It’s not something you plan to do…but it does happen.
The key is what you do next.
Resilience in life is an important quality.
Being resilient with your business pursuits and investments is crucial to financial success.
Almost every successful person in the history of the world has had to overcome failures and obstacles.
Consider Walt Disney. His entrepreneurial profile was also “Creator,” just like Scott.
But having good ideas doesn’t create guaranteed business success.
Walt dropped out of high school. He was kicked out of the army. He got fired from his first newspaper job for “not being creative enough.”
(The real problem was that his creativity was stifled in that environment.)
So Walt struck out on his own. His early animations were a HUGE success with the public.
In his second business attempt, he got the money management figured out by hiring someone else to handle that.
But this time he failed to secure legal rights to his creations. A business partner stole his cartoons…and his team of animators. Ouch!
Poor Walt was broke again.
Walt Disney’s third attempt to start an animation studio finally found success.
But it didn’t come easy.
Walt’s big dream was to create the first ever full-length animated motion picture.
Hollywood insiders ridiculed the idea as “Disney’s Folly.” They said it would be the end of Disney Studios. They were almost right.
Disney started making Snow White in 1934, during the height of the Great Depression.
His studio ran out of money in 1937 and had to halt production with the film 90% finished.
But Walt refused to give up.
First he mortgaged his home. Then he cobbled together a rough cut of the movie. Finally he gathered together a group of investors.
He gave them a private viewing of his unfinished masterpiece in a last-ditch effort to save the film.
The persistence paid off. Walt secured his loans, and Snow White and the Seven Dwarfs premiered at Christmastime of 1937.
The public adored the movie and Disney made over $8 million in its initial release. That’s the equivalent of $122 million USD in today’s money.
The movie had only cost Disney $1.08 million to produce, so it was quite a windfall for him.
Walt paid off all his loans, gave his animators a great bonus and expanded his studio. The rest is history.
Walt Disney is an exceptional story. But he wouldn’t be a story at all if he had given up.
That’s what’s inspiring about Scott C. He’s never given up.
Scott’s also creating a financial foundation for himself while he builds up his business.
Here’s what Scott had to add:
I am 41 yrs old and I am working full time on my J.O.B and part time on my fortune. Hopefully I will be able to reverse it to someday be working full time on my fortune and no time on my J.O.B
I’ve also taken action from what I’ve learned … and am so excited about the “Bank of You” idea that I’ve reached out to Paul on how to get started. I love learning new things, especially when it gets me closer to my own personal financial clarity!
Scott’s excited about his new financial perspective of the the owning your own bank.
If you’ve got the desire, we’ve got the education, resources and connections you’ll need to make it happen. Just read the book below. It’s less than 100 pages.