The Power of Sacrifice : Under30CEO The Power of Sacrifice : Under30CEO
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The Power of Sacrifice

| January 27, 2013 | 6 Comments

SacrificeIt’s awesome, I just got my new BMW, booked my 7 day cruise, OH and hired someone to redesign my entire website. Great day right? MAYBE, if all of this wasn’t on my credit card… (Note: I have not done this nor do I recommend anyone else do this!)

When people think of entrepreneurs and business owners they think “Oh wow they have it all money, flexibility, passion, and purpose.” BUT you don’t just start with it all. In the beginning entrepreneurs must make sacrifices if they want to see their business and personal life succeed.

Few tips on the sacrifices worth making:

Ditch the sports car

If your making a $600/month payment on your snazzy little car THINK about how that money could go towards your business. I ditched my BMW and transitioned into a more functional car with lots of cargo space.  If someone doesn’t want to work with me because I don’t drive a nice car they probably aren’t my ideal client.

Do you really need that?

When I started researching all the plugins, software, website builders, SEO optimization,  marketing mailers, I got a little overwhelmed. AND to be honest in the beginning I spent money on things I really didn’t need. Look at your business and ask yourself if this is critical to success.  Do you really need the service that mails people their birthday cards or can you take 2 minutes out of your day and write it yourself?

I do look nice don’t I

You show up to a networking event in your custom suit and you just wait for the compliments. You know they are guaranteed to roll in because you look GOOD.  I have a love for custom suits and jackets but I realized as long as I have a couple of great options to wear for speaking or networking that is ENOUGH. Don’t go all LA girl on me and spend your day blowing through money on the latest fashions.

Soaking up the sun

It seems every human is supposed to take at least 1 vacation a year RIGHT? As an entrepreneur you might be tight on cash and that is okay. Instead of thinking of a vacation as a 7 day trip or a weekend getaway plan “vacation days”.  Plan a relaxation day full of great food, Barnes and Noble, pedicure (yes I am a guy and I do like pedicures), or dinner with friends. Your wallet will thank you and so will your sanity.

Don’t let your friends or family make you feel crazy for opting out of their Florida trip, or skipping out on fine dining once in a while.  YOU ARE AN ENTREPRENEUR. If you want to impact this big world you must make big and small sacrifices. Each time I make a sacrifice I am excited because it reminds me I will do anything to make my dream come true.  ANYTHING.

FREE 60-MINUTE COACHING CALL:

I don’t normally just give away things, especially my time…. maybe it’s because Christmas is over and I miss giving gifts. LUCKY for you I’m feeling in the mood… AND THINK all you have to do is leave a comment about a sacrifice you have made and why or why not it was worth it.  One winner will be chosen at random.

Joshua R. Schneider is the CEO and founder of Prime3Coaching (www.prime3coaching.com), taking businesses and individuals to their #NEXTLEVEL.  Through coaching, consulting, and reality speaking, Josh is creating a #NEXTLEVEL generation.  Gone are the days of just going to work, performing and going home.  The #NEXTLEVEL generation doesn’t just crush it at work; they’ve discovered the need to go to work on themselves too.

Image Credit: Shutterstock.com 

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Category: Startup Advice

  • Brian

    I agree with this. When I was 20, I almost bought a 3 series and was looking into buying a used corvette, etc. Now, I learned to keep the current car I have, pay it off and enjoy not having any debt.

    My grandparents came to this country poor, and all they did was save money. They received their first credit card 10 years ago! People work hard all their lives to just get a nice luxury car.

  • Bryce

    Great article!
    Lots of people love the idea of starting up a company and becoming their own boss. What they don’t want to do is sacrifice their current lifestyle to fund their own company, which in turn almost always kills the idea before its even started.

  • Luis R

    Awesome pointers. I have been in all of these “sacrifice making” moments. My biggest sacrifice was not pursuing medical school, because I felt that medical school would always be there, but a business opportunity with a perfect economic window would not. At the end of the day I want improve the quality and delivery of healthcare and I can do this by growing and making my business a success.

  • Luis R

    Great pointers. I have been in all of these “sacrifice making”
    moments. My biggest sacrifice was not pursuing medical school, because I
    felt that medical school would always be there, but a business
    opportunity with a perfect economic window would not. At the end of the
    day I want improve the quality and delivery of healthcare and I can do
    this by growing and making my business a success.

  • http://www.facebook.com/srashad Semaj l jameS Rashad

    Great read. I recently graduated in December. I recently sacrificed all my free time (an entire month-and-a-half) before starting my first “job” out of school. I let my sister borrow my car (sacrifice) and rode with my wife to work (UMD) to work on my business plan the entire break. It allowed me to finally get down on paper and in slide deck/pitch-ready format so I can move fwd more seamlessly, even when I start work so I have no excuses to give up on my idea. I had my wife (graphic designer) peer review, as well as a local incubator, my last employer and another start-up. The sacrifice was well worth it because it allowed me to write my corporate vision and goals to go from ideation to execution. Your advice would help me move fwd and I’d be eternally grateful.

  • http://www.facebook.com/pages/Prime3coaching/180794405305000 PRIME3COACHING

    Congratulations! You were picked as the winner of the 60 minute coaching call. Email me at Joshua@prime3coaching.com or send me a facebook message and we can set up a time. Looking forward to it. – Josh