Posts Tagged ‘Get Cocky’

Time Is Money

Posted: February 16, 2019 in Bayless Enterprises
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This is so frequently misrepresented which makes it harder for those who don’t really value their time properly wrap their head around the concept. I have literally had a friend try to argue that time was time and money was money. As this dude had been a homeboy of mine for many years, I went ahead and quickly let it go and moved on as he had no desire to not work for the man anyways. He was constantly paranoid that he would lose his secure job working for the man at the post office.

Ok… so, the idea is that of course time isn’t literally money… you cannot trade time as currency… or do you do that already? Come on, most of us have done this regularly at some point in our lives and some of you still are and are hoping to grow past that… It is called a job… You are trading your time for a paycheck. That is what money is… in an essence… it is stacks of Ben Franklins that theoretically at one point were a physical representation of some currency that was held at the US Mint… now there are people who debate the validity of that idea for a plethora of reasons… but this is not the forum for that…

When an entrepreneur, business mogul, or growing business owner says the phrase “time is money,” they are referencing a value that they place on their time. The importance of this is when you are deciding how best to manage your time. When you in the early stages and growing your business, you are doing everything on your own; it all falls on you. As you grow and get revenue coming in, and the business begins to thrive, there are much more things you must consider.

You have got to ensure that you are utilizing yourself at your optimum potential. I have watched several people I have known who ran their own businesses miss the mark on this one. They see things as they are successful and making money, they must obviously be doing it right… right?… Not necessarily… There could be more you are missing. I knew a very successful business owner years ago… I helped him many times with his business. He had a reselling business, and he was quite the hustler. He truly was great. He would find things al over town and in neighboring cities for practically nothing… I never knew how he did it… none of us did. The thing was that he lacked organization… or not that he lacked it, he just said it wasn’t important. He could organize when he wanted to… I had seen him do so many times… He just said it wasn’t important. It extremely slowed down his process to be so out of sorts all the time. He was no doubt successful but had aspirations of bigger things… It was ultimately his lack of focus that held him back.

The key again is to know your worth. I had a partner whom I did business with for a good while long ago that would always preach about how he just wasn’t willing to waste time on doing things that were beneath his pay grade. He was extremely successful as well but didn’t really much desires to run his own business because of such things. He had tried to start multiple businesses and when it came to the leg work that is needed to get it going, he just wasn’t making enough money… He was taking this principle to far as it was making him short-sighted. He wasn’t seeing the value in putting in the work to get the business going. He made too much money in commission making sales as he was a huge closer that he just couldn’t give in to the basics.

The idea truly is knowing what you value yourself at… but not losing sight of getting the business going in the first place. Now that you have your thriving business, don’t hesitate to get help, outsource, hire someone.

Why do something that earns you $15 and hour when you know you could easily earn $100 if you were doing something else. That is about as real as gets. If you can earn $100 an hour or even more… which you on your way… then there is no need to do the time-consuming work that earns you $15 an hour.

Time is money… Earn more…

Failure Is a Part Success

Posted: February 14, 2019 in Bayless Enterprises
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Just spittin’ truth.
Okay, let’s get into it… You will try and you will fail… and that is okay. You know what… it is more than okay. It is expected. It isn’t expected because of you… this is not a reflection of your abilities, skills, or enormous brain capacity… this is just business. Welcome to being an entrepreneur

If you are not prepared to fail, get ready for it… or start filling out applications… there are plenty of people hiring all over the country.

That sounds harsh, and I’m not sorry because it is what you need to hear. This is why so many aren’t working for themselves; either they have already tried and failed, or they are scared of failure. There is no room for fear… You must overcome that. Know it and accept it… and be prepared for the potential failure and you will be fine… you will learn from said failure and look towards your next victory.

You should not go into any venture expecting failure… If you expect failure in a venture or opportunity, then you should walk away… what would you be doing it for if you expected failure. Now, if that isn’t convoluted enough for you, the idea is that you need to expect and prepare for failure in your overall business experience but not in a specific moment. In each moment, you better go all in with the utmost confidence otherwise, you’re in it for the wrong reason… but no matter how much confidence you have in your many business ventures… and I say many because you are an entrepreneur, and there will be so many opportunities that cross your path… well many of those will appear to be opportunities, but as you will learn later, they were merely illusions. But no matter how much confidence you have in said ventures, some will not make the grade… some were not well thought out from the jump while others are just going to surprise you.

Look, you never know what’s coming at you. You prep, you hustle, you build and construct, and when something inevitably cracks or crumbles, be ready… pick up those pieces, evaluate what cracked, assess the possible solutions to rebuild or determine that this opportunity wasn’t what you thought it could be and time to throw yourself into the next venture.

You are growing and so is the world around you… your business which is set in this ever-changing world is ran by you, it’s ever-changing and growing leader. Things change and what was a great idea last year may not be a great idea now… and maybe it was never a great idea, but only appeared to be based on the biased perspective you had when you were evaluating it before… Do not hold this against yourself. Sometimes you can see these things and other times you won’t. As you grow and learn, you will get inherently better at determining whether something has the longevity it needs to test time… but sometimes, even the most experienced minds don’t see it… but by that point, you are in a growing business and you have diversified in numerous ways to which one business cracking isn’t the end of the world… you just learn from it and move forward.

Always moving forward… Get Cocky… I know I am.

Partner with an Investment, Not an Idea

Posted: February 12, 2019 in Bayless Enterprises
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You ready for this? It’s time for a little tough love… Let’s get real.

It doesn’t matter if this is the first business you are getting off the ground or if you have multiple already out there earning for you… Key is to always know what you are getting into before deciding to partner with someone. There are many questions that need to be addressed in order to really asses whether this is an investment that you should be getting involved in.

There are the obvious ones… What’s the idea? … What are we selling/doing?

One of the most important questions is… Who am I am getting into business with? If your answer to this is, “my homeboy”… “my sister”… “my best friend”… None of those answers are the correct ones. The questions is not what is this persons’ relationship to you… It is who are they?
What is their background?
What is their experience?
What is their knowledge?
What is their drive and motivation?
Most importantly…what is their investment? Are they giving time, efforts, knowledge, money…what are they bringing to the table… That is the key here.

When someone is bringing invaluable knowledge to the table, then lesser monetary investment is acceptable. Substantial
contribution must be made by all parties.

You must know your partner is your partner and not a scrub. Trust me there are plenty of scrubs out there who are going to jump at the chance to partner with someone who is going to front all the money and do all the work. Friends and family can quickly get you pulled into something. They are someone you trust and care for… they will get to talking one day with all good intentions. Before you know it y’all have discussed this elaborate idea and all sounds good but there is no foundation… Your partner lacks the drive and ambition that you have. You will quickly find yourself in over your head and sinking when your partner isn’t giving into this new business venture the way that you are. No matter how good the idea or potential of said venture is, it isn’t worth it if you are in alone. They have got to be in it with you.

If someone is going to come at you with an idea, they better come correct… they better come with cash in hand and be ready to put in the time and work.

I caution you against working with friends or family… It is just a caution as things need to be kept professional and many times people who are close to you can easily cross lines, even accidentally… Things can get blurry and that isn’t what you want. You need to feel comfortable and confident being able to keep things professional and calling them out when your partner isn’t putting it all in and pulling their weight.

There is a lot of ideas here that are all valid and significant for different reasons and all come together under the same principle of being cautious who you get into business with. Follow and keep up with my other posts and we will touch on some of these other concepts a little deeper. For now, they key is to not partner with an idea… don’t get into something deep with someone just because the idea seems good or plausible or because of the source of the idea… you need an investment… you need a partner to bring the cheddar and lay down some of the leg work ahead of time to give you confidence in their ability and willingness to out in the work.

You have a new concept… you need a partner… you ready to Get Cocky… expect them to Get Cocky with you otherwise… go it alone. You’ll be better off.

Know No Limits

Posted: February 1, 2019 in Bayless Enterprises
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When it comes to your dreams and ambitions, you shouldn’t have limits. It is unfortunate that this is something that must be said. Take a moment to truly take stock of what you are doing…what you want to be doing…where you are and where you want to be. These are the things that far too often are not contemplated fully. Take a moment…pffff…take longer…

This is a critical thing to think about and it needs ample time and attention. If you’re not going to give it the proper attention, no one else will either.

You are the one who holds the key to your own future and your own fate in your hands. If you are unhappy in your station, it is because you have allowed yourself to be pinned there. Whether it be by your own need to pay bills, need for a sense of security, or feelings of guilt or obligation to your job or station.

First and foremost, your obligation is to your spouse and children…. if you are single, then your obligation is to yourself. No matter how nice or friendly your boss or coworkers are, at the end of the day, their obligation is to their families or to themselves. You owe no one to stay in your station. You have every right to purse whatever station is going to make you the happiest. We spend far too much time at our jobs, for it to not be the passion that drives us to be there. If you are driven by passion or conviction of purpose, then embrace your job and love what you do. If not, seek happiness elsewhere.

Secondly, money can always be made, and it can be made in so many ways. You need not feel obligated to stay in a spot in which you find no joy simply because of a need to earn a paycheck; this is not the way things were intended to be for us.

What it boils down to is you finding what it is you want out of life. You only get one chance to live it, let’s not waste it. Figure out what it is you want to be doing and let’s get there already…or at the very least, let’s take some steps to get there. Don’t waste another minute not seeking what you want. And be sure to go big…why settle?…that’s what you’ve already been doing. It is time now to go get it.

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