in entrepreneurship

You Don’t Have to be Rich to be an Entrepreneur

Rich with ideas

You don’t have to be rich to be an entrepreneur.¬†

You may think that you have to pay your dues. Put in your time. Climb the ladder. Save up money. All so that 20 years from now, you’ll be “ready” to take the leap.

Why? Because it’s what the vast majority of us were taught growing up. That entrepreneurship and business ownership is for folks who put in their time and have a lot of money.

But what we’re seeing, maybe now more than ever, is that drive and hustle, paired with a good idea, allows you and I the opportunity to shatter the myth that starting a business requires a lot of cash and a lot of experience.

What’s most interesting: The common thread among entrepreneurs these days? Their idea’s success is often a direct result of¬†necessity.

Business are being started by folks who have been fired or laid off (see yours truly). Organizations are being developed by homeless individuals who recognize first-hand a need within their community. Empires are being constructed by those who are willing to take a bold leap – to give their idea a chance – ignoring the number in their bank account.

There may never be a “right” time. Sure – it make may more sense to save up for 10 years – but at the risk of sounding morbid, what if tomorrow never comes? What if you started hustling, moving, and shaking today as if there was no guarantee of tomorrow? Imagine what you would do. Imagine what you could accomplish.

Don’t let the potential of a future dictate your present.

Don’t let your bank account hold you back.

A mind rich with ideas and a heart rich with desire goes a long, long way.

Add Your Voice


  1. As always, sage wisdom Matt.
    Something I have noticed that is also a huge drain on people’s enthusiasm is, ironically, the web and access to so much information. Granted, you’re able to get a business set up faster, and get those great ideas out of your head and in front of thousands of people faster than ever before [thank you www]. But a lot of people start off doing some sort of ‘due diligence’ on the web [is anyone else doing this? how good am I vs others who are doing this?] – and for every point of validation for their idea that they see, they also see something that might kill their passion [someone who has a really good website – will mine ever be that good? I had a great idea but maybe it isn’t that unique now that I have seen others’]. There is also the tantalizing honesty of the web – someone who has loads of opinions and posts a comment about how a certain type of business won’t succeed, the barriers to entry, etc.
    And so, the web goes from enabling and encouraging and being a fantastic platform, to the quicksand that people hit – and slows, if not stalls, their progress.
    The key, I think, is to remain firmly behind your idea – and go for it with confidence. Don’t ignore potential for enhancements or improvements of course, but don’t let anything you stumble across kill your entrepreneurial spirit. Taking the first step is often the hardest. And if you believe it and have confidence that it can be done – you’re likely to succeed.
    So no, you don’t need to be rich to be entrepreneur. You just need to be rich with ideas and confidence that you can do it.

    • Thanks, Russell! I agree that the web and social media is both a blessing and a curse. It can be our greatest source of inspiration – but if you’re constantly comparing your beginning to someone else’s middle, you’ll never, ever live up to that expectation. That’s why it’s best, at times, not to look around, but instead look within and focus on what you can be doing best – not what you can be doing better than anyone, or everyone, else. Cheers!

  2. Hey Matt – this is so refreshing to see! I am getting unbelievably tired of reading bloggers’ articles about “why quit your day job to make less money that you were making” or “If you’re struggling to get by after quitting your job, then you’re doing it wrong.” A lot of successful bloggers think that just because something worked for them, that it will work for everyone else. If you’re following their formula and you’re still broke starting your biz, then you’re doing it wrong .

    I’ve never agreed with these folks. I know that starting a business takes a lot of time and effort, and there’s no one simple way to find “success!”

    Thanks Matt!


    • You and me both! The reality of building a business is grounded in hard work and hustle. And the beauty, I think, of entrepreneurship – isn’t about the money, but about the lifestyle it allows. That’s much, much more valuable than a fat paycheck…

  3. yep. just reading books like $100 Start-Up, you don’t need a lot! People who say they need big time investors are just obviously using it as a cop out and don’t really have the drive. That’s ok. Entrepreneurism is not for everyone.