If you have experience as any type of assistant - whether you've worked as an Executive Assistant, Admin Assistant, or a Personal Assistant... I can't help thinking you'd really do well in this business, because I know my administrative skills have been a huge asset to me in this field. The skills you learn in administrative work can go a long way in terms of helping you to build your own business.
In the first 2 weeks of joining this business, Monica (the woman who is now my business partner) said to me, "Man, you are like a workhorse!" I had been working all day at my day job, and then I'd go home and work constantly on the business. I was using all my free time to come up with new marketing ideas, and was working on a new blog, craigslist ads, postcards, business cards, flyers, you name it.
I really appreciated that she acknowledged my work ethic. I may not have a college degree, but I am used to working my butt off. I've spent the last two years, working 40-60 hours a week, and I often work on the weekends as well.
Part of the reason I've been working that much is because I've been building systems for people in my group, so they don't have to work as much as I did (and if they do want to put in 40-60 hours a week, they will be able to make way more than I did!). I don't think that is necessary to be successful in this business, but if you want to make over a million dollars... that's the kind of time you need to put in!
A big part of the reason I am a workhorse is because I've had experience working as an Executive Assistant. That really gave me the BEST training for being able to work for myself. It's true, I feel that every job I've ever had in my life - from waitressing to being an apprentice carpenter to working in real estate - has given me skills that I can apply to my business today. But I'd say the MOST valuable skills I have, that I can apply to my current business, were the ones I learned from working in an office, and especially my jobs as an EA!
When you are an EA, you have to work a LOT, and work FAST. In my opinion, if you are an Executive Assistant, you are the PERFECT candidate to excel in having your own business, because you spend so much of your time helping someone else run their business and life. You HAVE to stay on top of things, and keep things running smoothly.
Think about all that energy you are spending on running not just someone else's life, but your own life, too. It takes superhuman strength to do this... and yet... somehow it just didn't seem right that I wasn't even making 1/10th of what my boss made!
Imagine what you could accomplish, if you just took that energy, and put it all into your own business!
Have you ever thought about that? If you're like me, I'll bet you have. I remember how, when I was working as an EA, I would so often say to myself, if I could just spend the kind of energy, working on my own business, as I'm spending on helping my boss to run his business... I could become a millionaire!
When you work for someone else, there will always be a limit on how much money you can make. Yeah, I will acknowledge that it was good money to be an EA (though somehow, I was still barely making ends meet)! But do you feel like you've got the golden handcuffs on you? Staying at a job with great perks, job security, benefits, profit sharing, a 401K, and lots of familiarity and security... but you still feel insecure about your future?
If you are not the owner of the company, you do not get the last word as to whether you stay or go. Your situation might seem cushy now, but have you ever wondered what would happen if something happened to the company, or if something happened to your boss? Are you absolutely sure that you would still have a job? In 20 years, will you be working for the same company, or is there a chance you could be back in the work force, trying to find a job in your later years?
I started to experience "agism" for the first time in my 30s, when I would go for job interviews and realize that the companies I was interviewing at, would be satisfied with someone way younger than me, with less skills and less job experience, who wanted to wear more fashionable clothes and makeup, and were willing to work for much less money. I realized that things were just going to get worse and worse for me, if I didn't figure out a way to keep other people from dictating my employment status or the amount of money that went into my bank account!
In 2012, it was a really big wake-up call to watch this 60 minutes video about the 401K fallout (scroll down to see it). They showed several people who were once hopeful of retirement, suddenly realizing that because they lost so much money in their 401Ks, they would have to keep working into their 70s, or possibly for the rest of their lives.
The cameras followed them to their day jobs - at a funeral home, in daycare, behind the counter at Supermarket, and working the cash register at Starbucks. These are jobs that can be fun in your 20s, but they're not so great in your later years when it's hard to stand all day. When 60 Minutes reporter Steve Kroft asked one man, "Do you think you'll ever be able to retire?" His wife immediately responded "No," and he said "I don't see that day.... I can no longer see that day."
If you aren't familiar with how a 401K works, you should know that legal fees, trustee fees, transactional fees, stewardship fees, bookkeeping fees, finders' fees and more can eat up half the income in some 401K plans, in a 30 year span. If you have never seen this video before... please have a look, especially if you are planning to retire with what's in your 401K.
You can read more about the realities of a 401K in these articles:
I know it feels comfortable and secure, to work for someone else, and get a regular paycheck coming in. I can definitely say from experience that it can be scary to work for yourself, if you've never done it before. It can be downright frightening to not have a regular paycheck coming in.
There was a day I swore I would never work for another corporation again... I was trying so hard to make ends meet, working for myself.... but I just couldn't make enough money to pay the rent here in Northern California. I had a choice: either go back to work for corporate america, or go homeless. So I had to go back to working in an office, with my tail tucked between my legs and kicking myself the whole time.
But haven't you ever thought to yourself... If I could just put this same amount of energy, into my own business... I'd be making millions.
I don't know about you, but I always wanted to make at least as much as my boss was making, but I knew that just wouldn't be possible, in the position I was in. The only way I could make that kind of money would be to work for myself.
What's funny is, when I talk about making millions, that sounds like a lot, but it really isn't. When I was 45, I took a good look at what I would really need for retirement, and realized I was drastically falling short! I would need a million dollars to save for retirement, and I wasn't even close. I did this calculation just to see what I'd need if I had $20,000.00 in the bank, but truth be told... I had more like $200 in the bank!
Please have a look at THIS PAGE to see where you are stacking up, financially, in terms of being able to save enough money to retire.
I didn't just want to have enough money to retire. I also wanted to know I had enough money for the "What Ifs." What if someone in my family came down with a really serious illness and needed financial support? What if something happened to me? What if something happened to our house, or our savings? Money can be gained and lost in so many ways. I needed to learn how to get secure in our investments.
Inside every EA, there is a workhorse who is being expertly groomed to excel in her own business. Because you are like SuperWoman. You've learned how to manage and run someone else's life and your own life. And many EAs have their own families they are managing as well!
If you're interested in learning more about this opportunity, please contact me via the form on the right. Thanks!