S9 E4 Your new Millionaire story with Raj Kapur

Guidance to Wealth with Raj Kapur

16-04-2022 • 12 mins

As a coach and consultants, we are entrepreneurs. So before we proceed let us first talk about what is an Entrepreneur.

An entrepreneur is an individual who creates a new business, undertakes the risk of starting a new business venture, and enjoys most of the rewards.

The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

What does it mean to be an entrepreneur? It's more than being a business owner; it's a perspective and a lifestyle.

Now Entrepreneurship is high-risk, but also can be high reward as it serves to generate economic wealth, growth, and innovation.

While some entrepreneurs are lone players struggling to get small businesses off the ground on a shoestring, others take on partners armed with greater access to capital and other resources. In these situations, new firms may acquire financing from venture capitalists, angel investors, hedge funds, crowdsourcing, or through more traditional sources such as bank loans. Most new Entrepreneurs start in this phase.

What does an entrepreneur do?

An entrepreneur identifies a need that no existing business addresses and determines a solution for that need. Entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Although the term "entrepreneur" is often associated with startups and small businesses, and founder of a successful household-name business began as an entrepreneur.

So what is your Millionaire Story?

Well, develop one for yourself as you move along the journey as we understand the success mindset, an abundance mindset.

We see that in nature everything is in abundance, it is our mind that sets the limits. The limits are coming from our own upbringing, the events in our lives, what we have experienced, and how we interpreted it builds our mindset.

So a few things to start this thinking pattern

Who can you find, where can you go who would pay you three, four, five times the money you are making now.

Work on your attitude - start to live with an attitude of a millionaire, the thinking of a millionaire, by that I do not mean go out and start spending on luxury items you cannot afford but start to develop your mindset towards the lifestyle of millionaires.

You need to start being aware of your thoughts, what you are thinking day in and day out, are your thoughts of a pauper or a king. Start being aware.

Create your philosophy for financial independence. For everyone, it is going to be different.

As Jim Rohn had said and I live by this philosophy

We suffer one of the two things, either the Pain of discipline or the pain of regret. You’ve got to choose disciple versus regret because discipline weighs ounces and regret weighs tons.

What do the next 10 years look like for you if you don’t take action now, how would that feel if you are still in the same place as now? Give it a deep thought a very serious thought.

Set a goal to become a millionaire for what it will take you to achieve it.

I will give you a KEY here; think of the transformation you will be able to bring to your client, how it will save them time, save or better their job or business, save their marriage or make it better and so on depending upon your expertise. After envisioning that transformation what would you be willing to pay for a service like that, what value would you be able to put on that, and that should give you a starting point.

Create a Success Timeline Create the belief that success is possible for you. Love what you do. Be solution-focused. Be growth oriented Continually up your Leadership skills

Connect with Raj, visit www.RajKapur.com