Business & Finance Corporations

The Bootstrapping Entrepreneur and What it Means to Be Part of the Lazy Rich

Almost everyone has heard the mantra "work smarter, not harder," well that couldn't be more true when it comes to financial freedom.
  The bootstrapping entrepreneur means creating a business where you do not have to work the counter every day, or create widgets one by one.
 If you build yourself a business, where you have bought yourself another job, then you have not gained the freedom that you have set out to create.
  In many cases, you may end up working more hours for less pay than you would have if you kept your original job.
 The rich are ultimately lazy.
 They have found a way for their money and other people to do their work for them, so that they can do the things they really enjoy.
 I don't mean to use lazy in a negative way, it just means that they have used brains, rather than brawn in order to accomplish their ultimate goals.
  For example, let's say you bought a gas station, and in order to save money, you do not hire a single employee.
 You work 100 or more hours a week and keep all of the cash.
 Here you have no time to live, you family will suffer, and your health will dwindle, but oh boy you have a stack of cash.
 This thinking is the polar opposite of the bootstrapping entrepreneur !  A smart bootstrapping entrepreneur would get lazy, hire employees to run the business, and be more than willing to accept the pay cut, because they are free to go out and create another business to bring in another stream of income.
 With the loss in revenue from having employees, you have bought yourself time, something that you cannot ever get more of, no matter how hard you try.
 You can always make more money.
 Think lazy when you are developing your business idea.
 What is a business or investment you can develop that will operate without you having to be there to create each cash transaction?

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