- Simple Profits, a Bootstrapper Capital publication
- Posts
- Issue #285: Building Your Optimal Life as an Investopreneurđ°ď¸
Issue #285: Building Your Optimal Life as an Investopreneurđ°ď¸
Take a less risky approach to capitalism
Welcome back fellow investopreneurs! Last week close to 1,000 of us voted for whether or not we should integrate a community + âwhyâ and the vote was âYESâ.
It seems as though the #1 reason was community accountability to take what we learn via this newsletter and implement it into our business. However, it was a pretty tight race, w/ workshops in a VERY close second and access to more resources + deep dive in a neck-and-neck.
All of that being said, if we do âpress goâ on the community - we will want it to be world-class.
As we know, businesses (and communities) are only as great as the people inside them. So if you would like to get involved as a Founding Member w/ a role in the community - then let us know below!
Would you like to be a Founding Member of the community? If so, what role would you be most interested in taking on? |
Building Your Optimal Life as an Investopreneur
When designing the concept of investopreneurship, everything was founded on the idea of helping people achieve freedom through capitalism.
Specifically, the freedom to decide.
I Bet You're an Investopreneur
What is an investopreneur?
In our HUMBLE opinion, everyone in the world who aspires to build a better life for themselves, their families, or their communities would be best served thinking of themselves as an investopreneur.
With investopreneurship (yes, it is a combination of the words investor and entrepreneur) you are taking the best of both worlds - the mindset of an investor and the purpose of an entrepreneur and combining them to unlock a powerful way to win the game of capitalism.
That being said, anyone could easily interchange the use of âinvestopreneurâ with âinvestorâ or âentrepreneurâ at any time - as it is just a better approach to both.
At its core, investopreneurship is designed to be a less risky approach to traditional capitalism.
As with capitalism, the goal is to achieve your optimal life through ownership. However, being realistic, the path to profit through ownership is not simple, and definitely not easy. It is filled with risk at every turn, which leaves many entrepreneurs victim to the pendulum of risk: reward swinging more often than not in the wrong direction.
The fact is, according to the SBA, 90% of businesses fail over a long enough period of time, and 100% of businesses eventually âexitâ. The goal is when you do exit, that you are able to do so in a purposeful and profitable way.
As Warren Buffet famously says, âThe #1 rule of investing is to not lose any money.â The same holds true when it comes to being an entrepreneur.
In order to help ourselves, and others, avoid losing money and to stay in this game long enough to experience a profitable exit, we developed the ideology of âinvestopreneurshipâ.
It is all about taking the mindset and discipline of an investor and the passion and grit of an entrepreneur and combining the best of both worlds to minimize your risk and increase the likelihood of success as an entrepreneur.
To design the framework of investopreneurship we borrowed from our personal experiences bootstrapping a business and operating with a HoldCo mentality.
When bootstrapping a business, you are in a race to build a better business on a budget as quickly as possible to get profit-first fast. It's all about simplicity and sustainability and forces an entrepreneur to accept finite frameworks and constraints to make good timely decisions around the goal of doing more with less.
As a holding company, you are in essence in the business of owning other businesses without any active involvement. A challenging position to be in if you want to influence change.
Meaning, that you are forced to make good, timely decisions and facilitate outcomes through the adoption of systems and delegation of your capital resources (human capital, intellectual capital, financial capital, and material capital). Without the ability to have direct control or impact on outcomes, you need to operate with discipline and a mentality that supports long-term thinking, sustainability, and a risk mitigation approach to goals.
By working withing the constraints of this framework, investopreneurship developed as a philosophy that shapes the way you think, act, and build. At its core, it revolves around a few key elements: budgeting and persevering. Understanding these foundations will not only improve your chance of success but also empower you to turn your vision into a simple, profitable business.
Essentially, this means being able to build your optimal life through the ownership of assets, leaving you in a position to have the financial freedom to decide what it is you want to do with the time you have left.
But what does "building your optimal life" truly entail within the framework of investopreneurship? It's about much more than financial success; it's about crafting a life where your choices are not constrained by economic limitations but are instead driven by personal aspirations, values, and desires.
Financial freedom, as envisioned by investopreneurship, is not merely about accumulating wealth for health's sake. It's about what that wealth enables you to do with your time. Time is our most precious commodity, and financial independence offers the unparalleled ability to choose how we spend it. Whether it's pursuing hobbies, investing in relationships, embarking on philanthropic endeavors, or simply enjoying the moments that bring us joy, the ultimate luxury is the freedom to decide.
Moreover, investopreneurship advocates for this approach as a realistic and attainable goal, not just for the elite but for anyone willing to embrace the principles of strategic investment and entrepreneurship. It encourages a proactive stance towards wealth creation, emphasizing the importance of education, calculated risk-taking, and the leveraging of opportunities within the capitalist system to build a foundation of assets that work for you.
In crafting your optimal life through investopreneurship, the focus is on creating a lifestyle that resonates with your personal definition of success and fulfillment. It's about designing a life where work is not a mere obligation but a choice and where financial pressures do not dictate your path. This model serves as a blueprint for leveraging capitalism positively, allowing for a balanced, enriched life where freedom and personal satisfaction are paramount.
In essence, investopreneurship is a call to actionâa manifesto for those who seek to live on their own terms, supported by the stability and possibilities that come with financial independence. It's a journey of discovery, ambition, and mindful planning, with the ultimate destination being a life that is not only prosperous but also deeply rewarding and aligned with one's unique vision of happiness and purpose.
From the perspective of an investopreneur, embracing the journey towards financial independence and the construction of an optimal life involves a deep understanding and acceptance of several fundamental truths. These foundational truths not only guide strategic decision-making but also help in navigating the emotional and psychological landscapes of entrepreneurship and investment.
Give Yourself Permission
As an investopreneur, it's crucial to give yourself permission to dream big, take risks, and step outside of conventional paths. This means allowing yourself to explore unconventional opportunities, make bold decisions, and sometimes, defy the expectations set by society or even your inner circle. It's about trusting your vision and capabilities enough to pursue what truly matters to you, even when it involves stepping into the unknown. This permission liberates you from self-imposed limitations, opening the door to possibilities that align with your aspirations and values. Sometimes we just need to get comfortable with getting uncomfortable.
Life is a Real Thing
Acknowledging that "life is a real thing" involves recognizing and respecting the complexity and unpredictability of life. As an investopreneur, this means understanding that your entrepreneurial journey will be interwoven with personal challenges, successes, and the everyday realities of life. It's important to balance ambition with the needs and demands of your personal life, health, and relationships. This balance ensures that while you strive for financial freedom and professional success, you also maintain a healthy, fulfilling life outside of work.
Everything Takes Time
Patience is a virtue, especially in the world of investopreneurship. Acknowledging that "everything takes time" means accepting that success, growth, and achieving your optimal life won't happen overnight. Building a single business, or a portfolio of investments, growing businesses, and acquiring assets requires patience, persistence, and a long-term perspective. Appreciating that meaningful progress is the result of cumulative efforts over time helps investopreneurs stay the course, even when immediate results aren't visible.
Appreciate the Process
The journey towards investopreneurship is as important as the destination. Appreciating the process involves embracing the learning experiences, challenges, and milestones along the way. This perspective encourages investopreneurs to find value in the lessons learned from failures, the growth that comes from overcoming obstacles, and the satisfaction derived from building something from the ground up. It's about finding joy and fulfillment in the act of creating and growing your ventures, not just in the outcomes they produce.
Nothing is Perfect
Finally, embracing the notion that "nothing is perfect" helps investopreneurs to navigate the uncertainties and imperfections inherent in business and investment. It fosters a mindset of continuous improvement, adaptability, and resilience. Instead of being paralyzed by the pursuit of perfection, investopreneurs learn to make the best decisions with the information available, adapt to changing circumstances, and iterate on their strategies. This acceptance of imperfection also encourages a culture of innovation and creativity, as it allows for risk-taking and learning from mistakes. Make simple bets and always be optimizing on your path to perfect.
We are going to build the ultimate community of investopreneurs - if youâd like to join us as a Founding Member, then let us know below!
Please Cast Your Vote: In your opinion, would a community component add more value to this newsletter?select which 'feels right' to you? |
|