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  • Entrepreneurs

    Do entrepreneurs know when to stop?

    As I get older and realise that  time is limited, it dawns on me that I want to spend less time thinking about business.Afterall if i doubled my wealth what effect would that have on my happiness.It would not make any difference.

    The big problem with being in business is that it constantly forces you to think about the future .The constant need to keep up with changes and tax dead lines.

    What we should be doing is enjoying the here and now. That is all we have.Instead we ignore the best things in life like nature and waste it trying to meet out capitalist obligations.

    I think a simple life is the best life.

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    We are all different Bill I’m 60 and I still love work and playing the game

    i know for me it keeps me fit and active

    if I did not do what I do I would die I know that

    but for some it willl be different

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I am fortunate to be in a position where I enjoy circa 80% of what I do on a daily basis.  Most of it does not seem like "work" as I enjoy it.

    I think the "being in the present" or "forward thinking" are much wider human traits than just how you think in business, they are more how you are programmed as an individual.

    For instance, I am by nature a "here and now" thinker, whereas Nick is a "future thinker", so we compliment each other.  But if I was on my own, I would have to think a lot more about the future.

    You may also be interested in this thread as it has a similar theme.

    Are you remaining focussed on your goal? 

    I completely agree with you that a simple life is best, and we have been cutting down on material possessions and building up on experiences that create lasting memories.

    I have what I call my "warm and fuzzy feeling" and the more I can experience that, the better!!.  I get it waking up in our motorhome on a sunny morning and looking out to sea, going for a long walk, going to the Motorhome Show, or going for a day out like the recent wonderful day out we had at Duxford Air Museum..  Quite simple things, that do not cost a great deal, but are most pleasurable. 

    I would rather have these than slaving every hour that God sends to create massive wealth.  Contentment is a very nice place to be.

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    Bill,

    Its about what makes you happy surely. I mentioned retirement earlier this week to my wife and she laughed at me and said there is no way i will ever retire, i was really shocked,  i think i will retire, one day when it doesnt motivate me i know thats the time to call it a day, but I just love doing deals.

    We do long hours in property but i dont regard it as proper work, going down a mine is hard work, we do what we love and get paid for it.

    As a kid i dreamed of being a footballer but was never good enough, i have got to know several high profile players though and no way would i swap, my life is far better, my destiny in is my own hands.

    Everyone just assumes footballers take the money and dont give a toss but the majority of them just want to play, in reality they would play for nothing & not being selected for their teams causes huge mental issues, depression & demons. In property we dont have that, we dont have to be the very best, there are great returns for us all if we work hard.

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    Phil Stewardson.

    Stewardson Properties.

    Stewardson Developments Ltd.

    Burson Land Ltd. & Jennings & Gilchreaste Ltd.

    http://www.stewardson.co.uk

    Follow me on twitter - @philstewardson

    I suppose we have to make sure we use our time wisely because there isnt that much of it.

    You can always make money but you cant buy back time.

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    Everyone has a different idea of what a 'comfortable' lifestyle is.

    I'm lucky enough to make enough to buy what I want, go on holiday to wherever I want and not worry about day to day living costs.

    That is my definition of comfortable. Tbh, if I was forced to sell up tomorrow, it wouldn't be a big deal. Taking fewer holidays etc wouldn't kill me!

    I don't aspire to fancy cars and ridiculous luxury goods - who needs them? I know a lot of very wealthy people. Are they happy? Not all of them are.

    I also know friends who lead a very modest lifestyle and are very happy. The fact is money doesn't make you happy unless you're so poor you can't pay for the bare necessities.

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    Thing is, I'd worked about 40 hours by the end of Wednesday this week and I'm absolutely loving the here and now Smile  I guess it's what floats your boat, but I've always been mildly obsessed with property, so it never feels like work. 

    There are days when I feel like banging a few heads together, sure, but I'd be bored if I did less.

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    Faint heart never won fair holiday let...

    ``Do entrepreneurs know when to stop ?``

    Yes of course I do - when I die 

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    Jonathan Clarke. http://www.buytoletmk.com

    Interesting post.

    Most people when thinking about wealth, think about the 'what' - the business model, the money, the cars, the houses etc.

    But the most powerful wealth creators focus on the 'why!'

    If it's just about more and more 'stuff', personally,  I think that's a pretty empty ambition. I think it was in Citizen Kane that someone said, "Anyone can be very rich if all you want to be is very rich." That's why there are some very unhappy rich people with broken marriages, poor health, poor relationships with family and kids etc.

    If you don't know 'why' you're doing what you're doing, if it has no higher purpose, if you don't know when you have enough, I think you can get caught on an endless treadmill

    Like most things in life, it's about balance.

    A long time ago, someone told me a definition of success was 'the achievement of goals' so I've always tried to set goals so that I would always be working towards something and know when I'd arrived. Then, if I wanted to, I could set another goal. Goals like, having no unsecured debt, replacing my corporate employed income with property income, being mortgage free on my own home, ensuring security for my family, etc. It's not really about the money but what the money can provide. It's been proven time and time again, after a certain point, more money does not equate to more happiness and contentment but how you use the money can.

    That's why I cringe when I see the courses with Ferrari's and luxury boats on them. It's really not about that. Most wealthy people live modest lives, (Read 'The Millionaire Next Door'.)

    As far as retirement is concerned, I think the most important thing is to have the choice. Do I want to retire, keep working or just dial it back a bit as I get older? Property provides those choices. Certainly, I find my pleasures are simpler (and cheaper) as life goes on. Reading a good book in my favourite coffee shop, long walks in the forest with the family and dog, being able to take time out, pottering about in the garden at the weekend, playing guitar. Plus, I really do enjoy what I'm doing at the moment but I'm realistic enough to know this might not always be the case.

    I know this sounds a bit philosophical but I honestly think people don't think enough about the 'why' until it's too late!

    Ed

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    LETS MAKE HOMES by treating landlords as partners, tenants as customers & every property as our own."

    http://www.letsmakehomes.co.uk


    That is a great quote Ed, It was indeed Citizen Kane, I have it in my study at home :-

    Jerry Thompson: He made an awful lot of money.
    Bernstein: Well, it's no trick to make a lot of money...if all you want is to make a lot of money.

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    Phil Stewardson.

    Stewardson Properties.

    Stewardson Developments Ltd.

    Burson Land Ltd. & Jennings & Gilchreaste Ltd.

    http://www.stewardson.co.uk

    Follow me on twitter - @philstewardson

    I think a simple life is the best life.

    I don't.

    I absolutely strive to carry on with exponential growth in my business and intend to enjoy the associated trappings of such.

    Where I do intend to stop is by following the cliche of "work ON the business not IN the business". The more I grow things the less I have to be hands on as that growth will pay for a first class team of directors and managers who can DO the work for me and I will get to the point where I can come in once per week to chair a management meeting and set strategy.

    Best of both worlds, thinking big whilst not working many hours. Some way to go before I'm there, but that's the goal.


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