Being an Entrepreneur
By Lori Finnila
Being an entrepreneur can be lonely. But there’s so many benefits that go along with creating and running your own business. For instance, later morning starting hours of your choice, casual activities of your choice included into your business with your clients, and the choice of what you do - which is the most important. How many people use their God given talents?
Charlie and Fred will help you make your decision. They’re entrepreneurs. “Hey, Charlie,” said Fred. “Hey, Fred,” said Charlie. Fred is my coffee man. He’s the one that actually stayed here with me in the business through good and bad times. Everyone else left when I couldn't pay them. “Hey, Charlie!” “Ok. Fred is actually my partner. But he makes good coffee too.”
Look at Walt Disney. He had nine main men, and his loyal brother Roy who stood by his side through thick and thin. You don’t know who Walt is? Walt Disney is the major creator of Disney Movies, including Snow White, shown worldwide. He started out with Mickey Mouse and then continued from there. He had many hard times though.
Many times Walt didn't have money to pay his employees and failed at his company. And even though he started with his original nine men, they ended up going their own way to other prosperous businesses. But the time they worked together was profitable and invaluable as a growing and learning experience. Walt was a creative genius. He cherished the journey and those that worked with him along the way.
“That's true Charlie. That’s why I never left. You’re like a brother to me. What is that, blood is thicker than water?” said Fred. Charlie rolls his eyes. “Yeah. Yup, Fred. That’s it,” said Charlie. So basically, good help is hard to find. And when you can't pay them, it's harder.
It's a dream to own your own business. No boss to listen to. Make your own hours. Decide what your salary will be-don't overpay yourself until you have actual funds going into your bank account though. “Yup. That's you, Charlie. Can't do that,” said Fred. “No, Fred. You can’t,” said Charlie. I used to write many I-owe-you’s. It’s a verbal or written agreement that you’ll pay back money when you have it, but I never had it most times.
You need to cover your capital first. “Maybe you should tell them what capital is, Charlie?” said Fred. “Yeah, you’re right Fred,” said Charlie. Capital is what you need to get the business started. It’s money to get your business off the ground by buying supplies and possible marketing of your business. And even though it feels glamourous to open the doors once everything is setup, you have to remember this has to be maintained, which capital is one of them. You have to pay that money back before you actually make a profit. And the reason some people are in business is to make more money than what they would get to work for someone else. So to forget to regulate your incoming costs and outgoing product can cause a negative balance of money - which means no money instead of making money. Also you’re there to get more credit for the ideas that are being created by you. Take pride and manage well.
“Yup, these can be the toughest things to learn,” said Fred.
“Why don’t we make a list for our readers of what kinds of things you do to be an entrepreneur, Charlie,” said Fred. “Good idea,” said Charlie.”
What business should I pick? (What am I good at?)
Who should I trust to work with? (Mom, Dad, or strangers.)
Who should I contact to get started? (Types of inventory needed, marketing.)
Where will I get the money? (Capital that we spoke of, family, banks, strangers.)
Who are my customers? (And how do I attract them?)
Do I need a bank account? (Saving is always a good idea.)
Most important rules of being a human being. (Being the best person you can be helps.)
How should I spend my profits? (Did I need this money? Island, charity, bills, and/or savings.)
“Ok. So let’s get into it, Fred.”
Chapter Two (to be continued)
n." - Wikipedia, the Free Encyclopedia. Web. 27 May 2016. <https://en.m.wikipedia.org/wiki/Disney's_Nine_Old_Men>.
Fairytales of Business ‘Outline’
By Lori Finnila
Main principle in the middle
Explore the adventures of Fred and Charlie as they take you on an entrepreneurial journey. Learn the responsibilities of owning your own business. Learn the difference of choice and desire.
Chapter 1 - What is an entrepreneur?
A person who creates his own position of work.
Why would I want this?
Leave work early.
Eat lunch when you want.
Cons: Extra responsibilities compared to a hired job.
In the spotlight more - people look up to you more for answers. This can be tiring for some.
Should I be an entrepreneur?
I could be my own boss.
I could have a boss.
The decision is yours but you might want to read on to see more about this topic.
If I decide to, what business should I pick?
What am I good at?
List things that mom and dad tell you that you are good at, or even a friend or neighbor, sister or brother, or teacher or guidance counselor. Choosing someone that you’re close to for support is important. You’ll cherish their opinion.
What do I love?
List things that you want to do without being told.
Who should I trust to work with? (Make this a fun one.)
Should I trust to deal with others that I don’t know?
Should I only deal with people I know?
Opening the door to the world of those unknown to us is scary. To meet new people is always exciting. There are many good people in the world waiting to meet us. It’s always better to ask a grown up close to us before we do this.
It’s important you pick people that you work with that you can enjoy all day long.
Fred and Charlie work in harmony like the bees.
Line drawing of Fred and Charlie shaped in bees working in harmony.
Fred’s phone rings. Hello. Fred turns to Charlie. Charlie, they’re ready in the boardroom for you.
Okay, Fred. Fred gets up and walks into a large room with framed awards lined on the walls. Many adults sit in chairs lined up around a long rectangular table.
Who should I contact to get started?
What business people do I need?
Where is the best place to buy
Items such as office furniture, and where do I rent an office - do I need an office
What type of inventory? (ie. included - desk at home)
What type of marketing? (ie. included - bike wheels)
How much should I spend? (ie. included - piggy banks, chores)
Should I buy the most expensive equipment or product supply? (Could save?)
Where will I get the money?
Banks, loan sharks, mom and dad
Extra duties at home and/or in neighborhood
From good and bad characters - compare loans sharks to borrowing from family (sample chapter included.)
Grammy and Grandpa
Grammy and Grandpa are always the ones you can go to the most with no judgment of fault on us. The extras in our lives comes from them. Is business a time to do this? Sure.
Get your family involved. Promise them a piece of the action if they invest in your business.
Who are my customers?
How do I attract them?
Who needs my services and/or products. The same as the lemonade stands we all have, still holds true. You want to make the best lemonade and get the best spot to sell it in.
Do I need a bank account?
Stories of money being lost or stolen.
Money is insured in banks.
Saving money is always a good thing. Having your parents or grown up that you live with help you open a bank account or help you find a safe place to store your money is important.
Line drawing of a sack of money being taken from Fred. Fred responds to this.
Most important rules of being a human being.
Its also good to get along with people.
Honesty to yourself and others is key in being an entrepreneur. If you go against the universe with the magic of the gifts you’ve been given, it can turn against you. Always stay strong in being true to yourself and others. If you get tired or have a bad day, walk away for that moment or a period of time. Take a break.
Getting along with people
Line drawing of Charlie and Fred sailing a boat.
How should I spend my profits?
You can give your money to charity if you don’t need it. Perhaps your mom and dad are rich and have set you up for life, than charity will work for you.
Buy an island for the family and put a zoo on it perhaps. You could also be extravagant and spend your money on luxuries for your friends and yourself.
“Islands are a good choice right, Fred?” “Absolutely, Charlie.” Picture of Fred’s island is on the wall. “I haven’t done that yet,” says Charlie.
Miss Derser, a twenty-something secretary steps in. “Mr. Charlie the airport is on the phone.” “Ok, Miss Derser. Tell them to hold on,” said Charlie.”
There’s a bit more responsibility with being an entrepreneur. Business can be hard. Owning your own business is harder.
Charlie walks out of the meeting. Takes the phone from the secretary. “Thank you,” he says and then hangs up.
But the benefits can be well worth it.
Charlie turns to Fred. “What do you say we take the rest of the day off and fly to the beach?”
“Let’s do it, Charlie,” says Fred.
Line drawing of Fred and Charlie waving to the secretary out the plane windows. Ties waving as though the wind is blowing on them. Fans show above their seats, but small.
Line drawing of Fred and Charlie on the utopia island of Fred’s.