Building a Million Dollar Company

February 27, 2009 · Posted in Focus on Profit · Comments Off 

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Creative Commons License photo credit: danhodgett

One of the first thing people ask me is how I’ve managed to build three million dollar companies before I turned 20. Now at 22 and building my first technology based business I feel I am better suited to answer the question in a way that will help you as well.

1. Early hands on experience- Since starting my first business at 8, I’ve been a part of 15 different business ventures since. Two of the million dollar companies were built with other people’s money, along with five business ventures that have failed and the other seven are still surviving. But more importantly, if you’re able to get involved with an entrepreneurial venture without having to invest a lot of your own money it is a great learning opportunity. Find yourself a “good” mentor and learn as much as you possibly can from them. Being in business for yourself often means that you work harder and longer than anyone else but even being an employee for an entrepreneurial venture is different from being an employee for a major corporation. I didn’t believe this myself until I tried! A good employee in a healthy and growing entrepreneurial venture will be responsible for many different key aspects that are vital to the business. This is rare in the corporate world. Read more

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