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5 More Successful Businesses That Started With a Simple Idea

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5 More Successful Businesses That Started With a Simple Idea

Starting a business may appear daunting, but it’s really not difficult. Many people believe that most new businesses fail within three years. While most will fail, the truth is that you can start one with a simple idea.

There are a lot of success stories out there from entrepreneurs who have made it. It all begins with an idea, some paperwork, and a storefront and/or website. Here are five more successful businesses that started with a simple idea:

1. Mente Cacao

Eduardo Villers became interested in chocolate during his travels throughout Mexico. Eduardo enjoyed traveling through the jungles, where he came in contact with the cacao tree. Inspired by his deep love for cacao, Eduardo decided to introduce it to the Mexican people, who only knew about Hershey’s chocolate.

He started Mente Cacao in Mexico City by offering cacao drinks to the local people. During his time there, he also studied with his uncle, who was a farmer and taught him a lot about cacao and chocolate. He remained in Mexico City for two years before moving his business to San Miguel De Allende in central Mexico.

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Mente Cacao now has two locations in San Miguel De Allende. Most expats and locals say that it is the best chocolate in town. Eduardo Villers is currently working on getting Mente Cacao distributed in the United States and Japan.

2. BloomNation

Gregg Weisstein started out working as a business consultant, primarily helping rescue companies that were on the verge of bankruptcy.  His friend and eventual co-founder came up with an idea to offer a floral marketplace based on the Amazon model. They didn’t want to become another 1-800-FLOWERS service.

They were advised by many people to drop the idea because many of them could not foresee the potential in a dying flower industry. However, Gregg and the team were not dismayed by the ridicule.  They wanted to offer a service that was more personalized, interactive, and transparent. With BloomNation, they connect people with local florists and show their reviews to customers so that they can make an informed decision.

BloomNation now works with over 3,000 florists nationwide and has been named the “Top Silicon Beach Startup to Watch” by Entrepreneur magazine and Business Insider.

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3. Billy

Toke Kruse had a problem common among millions of new business owners. As an entrepreneur, he always thought that accounting was a hassle. He went from one accounting application to another with no success. While some of them were better than others, they ultimately still gave him headaches. It didn’t take him long to realize that these software programs were built for accountants.

Toke wanted to create a solution for the business owner who knew little or no accounting at all. Most people could simply hire an accountant for their needs, but most accountants are expensive, especially for new business owners who don’t have a lot of money to begin with.

Toke decided to create an accounting application that was very simple for business owners with little or no accounting experience. Toke and his partner launched Billy four years ago in Denmark. The software application was well-received not only in Denmark, but also in the United States. The company now grosses over $1 million in revenue annually.

4. Professor Egghead

Shaun Tuch decided to start an after-school program with his brother eight years ago. They began with one sports class in Los Angeles. They both had a sports background, so the idea was a no-brainer. The initial plan for them was to make some extra income. However, after receiving some great feedback and seeing the popularity of the program, Professor Egghead started to offer science classes too.

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Shaun hated science when he was a kid. So, he wanted to make a science class that was fun for kids. Because he enjoyed making slime and building LEGOS, he wanted to incorporate those activities into his classes while also giving children an educational and engaging experience.

They now run multiple programs in 50+ locations throughout Los Angeles. Recently, they franchised the concept and are now offering Professor Egghead as a franchise in the United States.

5. Toronto Vaporizer

Nima Noori was just an international student struggling to pay his tuition. He soon realized that a minimum wage job was not going to be enough and needed to do something else. He thought about selling electronic accessories and computer parts on Kijiji (an online service similar to Craigslist). However, after researching the market, he realized that it wouldn’t be worthwhile.

Nevertheless, he became aware that there was some online interest in vaporizers, a device used for smoking. As a result, he put some test ads on Kijiji to test the market. After getting dozens of inquiries from interested customers, he saw that he could fill a need in the marketplace. He used his personal credit card to buy some units and started selling vaporizers on Kijiji.

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Nima was motivated and wanted to beat his competition. So, he offered same day drop-offs within the Toronto metropolitan area. The success of Toronto Vaporizer exploded as a result of his same day service. Toronto Vaporizer is now a multi-million dollar business and Canada’s largest online retailer of vaporizers and vaporizer accessories.

*This article is the sequel to the initial LifeHack article: 5 Successful Businesses That Started With a Simple Idea.

Featured photo credit: Sebastiaan ter Burg via imcreator.com

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Kallen Diggs

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Published on November 8, 2021

How To Achieve Financial Freedom With the Right Mindset

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How To Achieve Financial Freedom With the Right Mindset

What would being financially free mean to you? Have you made the mistake of thinking that financial freedom requires millions of dollars and decades of hard work? When it comes to our relationship to money, the answers really lie in our mindset. Change your mindset around money and your entire financial outlook will change with it.

And no: we’re not talking about putting a check for a million dollars under your pillow at night. This is about you becoming a financially free person, in whatever capacity you choose. And that’s really the key: it needs to be defined by you. So many people outsource this responsibility to society/celebrities/the government etc… and as a result never achieve it.

What if you could identify what financial freedom looks like for you, realize that it is possible to get there in a matter of a few months and then build a road map to do just that?

Read on, because that’s what we’re going to open you up to. This isn’t about giving you specific strategies “guaranteed to work in five minutes or your money back…blah blah.” This is about awakening you to just how powerful you are, where your blocks lie and how to smash through them effectively.

Financial Freedom – What is it?

Well like I said: I’m not going to define this for you. That misses the whole point of this article, but let’s lay out some ideas to get you started.

Typically, when we talk about financial freedom in the west, we really mean: freedom from needing to work, in order to meet financial obligations. We know that there has been a rise in depression amongst nine-to-fivers, 62% as a matter of fact between 2019 and 2020 in the USA.[1] It’s therefore no wonder that there has been correlative uptick in the search for alternative solutions to finances.

This depression is largely as a result of feeling trapped, unable to realize potential and being denied opportunity. It is also likely that, thanks to a more global world and social media: we see just how abundant life can be for some; like a carrot dangled tantalisingly close, but just out of reach. We yearn for more meaning in our lives, more excitement and to be able to live on our terms.

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Finances are (as we see it) the stumbling block and the preserve of the chosen few…not us.

So to start building an accurate picture of what financial freedom would be for you, begin with what your life would look like if you didn’t have to worry about money. How would you feel if you didn’t have to consider your monthly budget, when putting your hand in your pocket to pay for lunch?

The point is that a lot of the stress and resulting depression that comes from feeling like a ‘wage-slave’ is down to our lack of clarity on what we actually want. We get caught, focussing on what we lack and that perpetuates a mindset of lack that very quickly is reflected in our reality. We are allowing our subconscious, emotional mind to be bombarded with imagery every day that reenforces a sense that we aren’t good enough. That we do not have what it takes.

That wouldn’t happen though if we had done the work of pinning down exactly what we wanted in the first place.

Does Financial Freedom Come at Extreme Levels of Net Worth?

There is a tendency, thanks again largely to how we are conditioned through media, to think that financial freedom only comes at extreme levels of net worth. What if I told you that is completely ill-founded and untrue?

Using the standard/assumed definition of financial freedom for a moment; this means that you need enough capital to generate a return that is greater than, or equal to your monthly expenditure. That doesn’t necessarily tell the full picture, but nevertheless; it’s is a good place to start.

If your monthly outgoings (mortgage, bills etc…) come to $3,000 for argument’s sake, you can achieve that with as little as $108,000 invested over three years.[2]

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Hardly the millions you had probably envisioned is it?

Remember: we’re not talking about you living a lavish lifestyle necessarily. If that is what you want; fantastic, it’s certainly achievable, but what we’re getting at here is your ability to meet all of your financial obligations without having to work.

I’m sure you’re unlikely to find $108,000 down the back of your couch, but it is a figure that is well within reach of most working adults. A $36,000 salary opens you up to borrowing that kind of money, and even if you have to continue working in the short term in order to service the debt and keep up with your bills; you’ll have a clear end goal in sight.

And you’ll have doubled your income in the meantime, for the same amount of work!

How To Achieve Financial Freedom With the Right Mindset

As we touched on earlier, coming at your life from a space of ‘lack’ simply perpetuates more of the same. As I always say: your environment doesn’t lie. Look around you, if you’re dissatisfied with any aspect of your life, you first need to accept responsibility for it. If you don’t, you’re abdicating your power to make new choices.

You may well have been the victim of circumstance in the past, but how you respond and what you do with that experience is up to you. If you choose to look for the positive, however minor it might be in any given situation – your experience of life will begin to change.

This is, in essence, what The Law of Attraction is all about. What lies behind it is your reticular activating system (RAS). The part of your brain designed to filter out the (as it sees it) unless information, highlight the important information and prioritize your safety. Thanks to it being part of your primeval/‘lizard’ brain however, it predates the conscious mind, intellect and reason.

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The issue for a lot of us is that we haven’t understood how to communicate in a way that our RAS understands. We can’t translate our conscious desires and are therefore caught in a loop between two incongruous forces.

Our subconscious wants us to be alive and it bases its criteria for this, largely on the principal of: same = safe. Meanwhile, your quality of life, passive income, work/life balance etc… are inconsequential. That part of your mind doesn’t give a hoot about the utility bill or being able to afford a holiday.

It is perfectly possible to show you subconscious/RAS the benefits of financial freedom though, or indeed any other outcome you’d like to see in your life. You just have to speak its language. Becoming debt free and financially free is actually one of the easiest things you can communicate to your subconscious, because you have so much ‘real-world’ experience with money.

Here’s how:

  1. Start by clearing your mind and being present – find a meditation, visualization or breathing exercise that calms your mind, allows you to focus on the present moment and become an observer of your surroundings. The point of this is to stop all of those thoughts buzzing around in your head that are pulling you back to the past, or projecting you into an imagined future.
  2. Then build a mental movie or slideshow of what your average day would look like, were you to achieve financial freedom. We’re not talking about big occasions, huge wins or events; just an average day.
  3. From your position of present observer – start to observe the feelings that arise as you go about this average day in your new life. Do you feel your shoulders relax and drop? Have you got excited ‘butterflies’ in your stomach? Are you smiling more?

Learn to recall these feelings at will – this will connect the dots for your RAS and you will soon start noticing a shift. Think of it as connecting with your desired future and pulling it into/towards your present.

Bonus Hack – Practice Gratitude

We’ve already discussed how you can start attracting/observing the opportunities that will enable you to achieve financial freedom. This involves a lot of work in order to finesse, but the principals are easy enough to understand. Something that we can all do, no matter what we’re trying to achieve, is practice gratitude.

Using the same principals that I’ve outlined above: something of a ‘catch-all’ that we can train our minds to produce more of, is gratitude. If we can shift our mindset so that the next time some negative, external and unforeseen event occurs, we are still able to be grateful for it; your entire experience will shift.

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Not only will you observe more to be grateful for all around you on a daily basis, but you will shift out of a mindset of ‘lack’. All of the barriers that stood in your way before (not enough capital, stuck in a job I hate etc…) they will shift to becoming things that support your desires and goals.

For example:

The job you hate, when reframed as the means to support a transitional stage of your life (i.e. enabling you to borrow money to invest) suddenly gives you a resource to be grateful for.

The added beauty of this is that your RAS doesn’t know the difference between a big win and a small win. You being truly, deeply grateful for your socks (for example) carries the same weight as being grateful for your health, or your spouse. This is why I say “practice” gratitude. You can start whenever you want!

Look around you right now and find something that you really are grateful for, no matter how small and seemingly inconsequential.

Practicing this will create a snowball effect. Much quicker than you might think: you’ll be overwhelmed with gratitude for your life and all that’s in it.

In Summary

Financial freedom is more within your reach than you probably think or feel. Understand that the limits you’re assuming to be there are largely a product of your subconscious mind, having been drip-fed evidence of that over the course of your lifetime. Changing that might take a lot of effort in the short-term, like cranking over an old car, but the effects will begin to build up quickly and self-perpetuate.

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Apply this mindset to your financial situation and you will find that it too will begin to ‘snowball’. Financial freedom is closer than you think, so start looking for it today!

Featured photo credit: Pepi Stojanovski via unsplash.com

Reference

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