Raising an entrepreneur part 5


And I learned that at a young age. I also learned, don't reveal your source, because I got beat up after about four weeks of doing this because one of the rich kids found out where I was buying my comics from, and he didn't like the fact that he was paying a lot more. I was forced to get a paper route at  years old. I didn't really want a paper route, but my dad said, "That's going to be your next business." So not only would he get me one, but I had to get two, and then he wanted me to hire someone to deliver half the papers, which I did, and then I realized that collecting tips was where you made all the money. So I would collect the tips and get payment. So I would go and collect for all the papers. He could just deliver them. Because then I realized I could make the money ( raising children).

By this point, I was definitely not going to be an employee. My dad owned an automotive and industrial repair shop. He had all these old automotive parts lying around. They had this old brass and copper. I asked him what he did with it, and he said he just throws it out. I said, "But wouldn't somebody pay you for that?" And he goes, "Maybe." Remember so  years ago I saw opportunity in this stuff. I saw there was money in garbage. And I was actually collecting it from all the automotive shops in the area on my bicycle. And then my dad would drive me on Saturdays to a scrap metal recycler where I got paid. And I thought that was kind of cool. Strangely enough,  years later, we're building --GOT-JUNK? and making money off that too.

I built these little pincushions when I was in Cubs, and we made these pin cushions for our moms for Mother's Day. And you made these pincushions out of wooden clothespins -- when we used to hang clothes on clotheslines outside. And you'd make these chairs. And I had these little pillows that I would sew up. And you could stuff pins in them. Because people used to sew and they needed a pin cushion.

But what I realized was that you had to have options. So I actually spray painted a whole bunch of them brown. And then when I went to the door, it wasn't, "Do you want to buy one?" It was, "Which color would you like?" Like you're not going to say no to me, especially if you have two options - ( raising children)- you have the brown one or the clear one. So I learned that lesson at a young age. I learned that manual labor really sucks. Right, like cutting lawns is brutal. But because I had to cut lawns all summer for all of our neighbors and get paid to do that, I realized that recurring revenue from one client is amazing. That if I land this client once, and every week I get paid by that person, that's way better than trying to sell one clothespin thing to one person. Because you can't sell them more. So I love that recurring revenue mode ( raising children)!

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