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How I Went From Flat Broke to Millionaire Five Times

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When you go broke or feel yourself failing financially, it’s easy to beat yourself up over it. But something too many don’t realize or remember is that failure is only temporary. It just means you still have more to learn and accomplish.

With every business I started over the years and with each subsequent failure I learned more and more ways not to fail. As a result, each successive venture grew bigger and faster than the one before it. My experience is proof that going broke is not the end of your story. If it was, my story would have already ended several times over. When you have a good idea, all you need to start your own business is to be willing to do whatever it takes, even when that means failing.

Here are some of the lessons I learned going from flat broke to millionaire five times.

Know what people want, and find a way to get it to them. My first business endeavor was at a beauty trade show selling nail products. Everybody started asking about the beads in the hair of one of the girls in our booth. At the time, it wasn’t something we were selling. But, I felt it, right then and there — these beads are hitting. Immediately, we went out and bought as many beads as possible, sat up all night packaging them, and the next day, we sold out of everything. So, we bought more beads and signed up for more trade shows — 12-hour shifts for days on end, counting beads in our booth, plus extra hours at night to prep for the next day, and we constantly sold out. It was exhausting (but exhilarating), and another show was always coming up, so we drove on, counting out and packaging up yet more beads.

It was hard work, but from the start, we saw the trend there, primed to take off. Over the next eight........

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