What if you graduated from university and could not find a job? What would you do your professional life?
Many university graduates are shocked by the labor market, which requires skills and experience they cannot acquire during their studies. In this article, we will help you measure your skills and strengths so that you can start your own business without having to apply to the companies and institutions that set the requirement of experience in the first requirements for the job.
Do you want to know the answer of your question? "What would I do in my professional life?" Simply: Do not ask what trade should I start, but ask yourself that "What skills and strengths I want to develop, strengthen and build on for the rest of my life?"
Without a doubt, your desire to start your own business is a positive and noble thing and we have all the appreciation and encouragement, but before it "Start by identifying skills"
Your best bet is to start by trying to figure out what skills you have and want to develop, and then start a business based on these skills.
No single business is better for you
Many of the successful people in the writer's knowledge are working in various fields of business and industry, many of them moved from one field to another and from industry to another.
However, the common feature in this movement was that not entering any commercial area in the last days, as each industry and trade phase of growth, then deceleration and then fall.
To explain the idea, take the example of manufacture CD-ROMs, which at the beginning were controversial and big demand, and then many manufacturers entered this arena and increased supply. Technology then developed and there was no need for such disks and engines and the demand curve disappeared. Therefore, in the first stage, you have to intervene in the market. In the second stage, you have to reduce your cost and prepare to exit. And in the third stage, you have to get out quickly.
Do not think that this successful millionaire and billionaire succeeded from the first time or from one trade or industry.
You will find him experimenting with many activities until he settled on one made his success and then moved to other areas, which you will find him succeed in some and fail in many of them.
Don't let Success stories make you think that success comes without failure! In fact, it only comes after the failure, except for very few people who have succeeded from the first time (We will kill them so that the rule is absolute without any exception- Just kidding)
These successful people have developed specific skills and have learned how to earn money using these skills. It is not a requirement that they have known at the beginning of their career what skills they have, and what skills they will develop.
The exploitation of these skills was not fun for them, nor were they very skilled at their beginning.
Some of them also have skills at the normal level, not at the lower level and not very advanced, but learn how to ask for greater financial rewards for these skills, without a cheat, a fraud or a lie.
Profit from waste
One of those successful people who talked about was working in the field of marketing and won millions through his work in waste disposal services. Although he never sat behind a waste truck driving seat before in his entire life, he never collected waste and never got rid of it, but he mastered the skill of finding people and workers ready to do these tasks.
How does he learn marketing and all these administrative aspects of waste disposal activity?
Prior to that, he worked in a bank where he watched clients and their business activities, and from this observation he learned marketing and business management details until the time came when he decided to try to apply everything he learned.
Profit from ice cream trucks
Another example is a salesman who cannot sell a piece of candy, but he knows how to get into the shops and restaurants and persuade them to buy the ice cream he sells. He then repeats the order a month later when he is out of stock. He drives the ice-cream van himself and carries the boxes that customers buy from him.
Does he stop at this point?
Of course no (otherwise we would not have told his story)
This man has used the financial grace period given by the ice cream factories to pay the price of his purchases, while he gets the price of his sales in a shorter period. From the available money, he bought other refrigerators. He continued to do so until he had a small group of refrigerator trucks that he also rented.
At a later point in time, the price of selling these refrigerators rose, he sold them with a profit that he used to pay the price of the rest of his trucks.
How does he learn all these?
During his early career in a retail company, after discovering his skills and developing them, he resigned and bought his first ice cream truck.
Profit from sales, rental and customer selection
Another example is an accountant bought and sold many companies until he entered his seventies. The last company he bought was a road freight company, where he sold all the company's cars, then rented them again. And from the money that provide from this sale, he bought his rival company in the city.
He repeated the same thing, where he sold the trucks and then hired them.
After merging the two companies, he decided not to sell his services to customers who are late in paying their due. And as a result of this decision, the trucks that were available to him have been able to provide better services to customers who are able to pay the freight rate he sets.
Three years later, he sold his company to a third competitor with a net profit of $ 2 million ...
The first 20 years of this accountant went on to a slow progress in his job in a traditional accounting firm.
Profit from software
Another example is a programmer who programmed automation applications for petroleum companies, selling them at the best selling price he has been able to access. He invested his money in real estate and stocks. In his 40s, he sold the programming company he founded and won millions.
Prior to that, he worked for many years in a programming company where he refined his programming skills and then resigned to establish a company based on the skills he developed at the beginning of his career.
Currently he works intermittently in providing consulting services for $ 1000 per day.
Profit from chemicals
Another example is someone who specializes in the storage and transportation of chemicals. Where he started from a chemical manufacturing company and after 5 years in this job, he resigned to work for a client for this company.
Prior to the last working day, he came up with the idea of offering the owner of that company to share with him half (after he had mortgaged his house and shared all his savings) to establish a new company that would provide the services required by the other company he would have worked for.
The company owner agreed to the idea, and then the new company provided transport and shipping services to the first company and the second customer, and to other customers in need of such services.
After reaching the age of forty, he had entered the millionaires club, especially after he established with his partner (his former employer) several other companies provided similar services.
This man received little education, but he relied on qualified accountants to control the finances of his companies
What is the difference between you and the successful person?
The author stresses that he has many similar examples, emphasizing that the differences between these successful and others are as follows:
1- They know their strengths and know how to exploit them profitably.
2- They own the company they work for, so they keep a large share of the company's profit.
3- They are competent in their work, working to finish the performance of the required of them, take the work seriously, do not care to do anything even if it is below their level, and they are keen to finish the work, the task and complete the sale.
Now do not ask us whether you launched an online store like Amazon ,a social network like Facebook, a clothing store, a Turkish restaurant, etc. But ask "What skills do I have that I will use commercially in my own business".
How will the client's problem be solved by exploiting your skills in a way that gives you preference over others?
Choose the skills you will depend on, or make these skills yours, by working for others for several years..
Here's where the words end, what do you think?
#Shabayek blog