Entrepreneurship Is Alive and Well In Oahu

Whenever I travel to a different state or country, I’m always amazed at what people are willing to do to make money. As I wander the streets of Oahu this week, I sense that the entrepreneurial spirit is alive.

Everyone has a different way of defining entrepreneurship. Allow me to share the two thoughts that shape my definition of it.

Thought #1 – Profits vs Wages

The late Jim Rohn, said on multiple occasions, “Profits are better than wages”. Let’s examine this for a second. When you’re working for a boss, you’re at their mercy. They tell you when to come to work, how much money you make, how many breaks you can have, when to leave, and what you can or cannot wear.

When you’re working for yourself, or for profits, you control all of those things. If you want a raise, then you can give yourself one everyday if you’d like. How often would you give yourself a raise?

Thought #2 – Satisfaction

To me, entrepreneurship is satisfying. Ask any entrepreneur and they’ll agree. What makes this type of work satisfying? Three conditions must be met. First, there must be autonomy. Dictionary.com defines autonomy as, “the state or conditional of having independence or freedom”.

Second, there must be complexity. At a first glance, you might be thinking that the presence of complexity is absurd. Allow me to explain. I mean that the work must be stimulating and challenging. A better way of looking at it this, is by asking you the following question, “Would you rather work as a physical therapist and make $70,000 a year or as someone who runs a tollbooth for $100,000 a year?”.

A lot of you might say, “That’s easy; of course, I’d pick the tollbooth job!”. While that’s easy money, I doubt you could do that for 30 years. (That job doesn’t pay anything remotely close to that.) That job is not only boring and dull, but you would also never be challenged.

Third, this type of work must have the proper balance between effort and reward. Generally, the harder or longer you work, the more money you’ll make. This draws on thought #2, in that you can essentially give yourself a raise any time you want.

Examples of entrepreneurship in Oahu

As I wandered the streets of Oahu today, I saw several examples of individuals that were practicing their craft, pouring out their energy, and engaging in the passions for ‘profits’. Any of you looking to make some extra money can hit the pavement with any of these ideas.

Silver man

silver man

Dancing crew

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Guitar man

photo (2)

 Conclusion

Entrepreneurs are satisfied by their work and are in complete control of their profits and destiny. Maybe you need some extra cash and you need an idea. You can hit the streets showing off a talent of yours. If your dreams are much bigger, then you’re going to need a more revolutionary idea.

How do you define entrepreneurship?


14 thoughts on “Entrepreneurship Is Alive and Well In Oahu”

  1. Fathi says:

    I Wanna add a Fourth condition, every new entrepreneur needs to have patience and ready to do something new, something unique, simply something that w’ll amaze people and let them pay dollars. we saw many of them sometimes, but only one or two will succeed.
    Enjoy your time.

  2. I. C. Daniel says:

    I’ve never seen Silver Man here in my country, this may be good to try, no competition 😀

  3. That’s very encouraging John! I have tried to work for wages before and to be honest it has never worked for me. I gues then I am a natural entreprenuer.

  4. Wess Stewart says:

    I prefer working for profits, however I don’t have enough profit to keep me from having to work for wages.

    But that WILL change. 😀

  5. william says:

    Really good blog here, the tips on making money online are excellent. Looking foward to learning more.

  6. Dwayne says:

    I hope you are enjoying your time in Oahu. I recently read a book by Jim Rohn and it was the first time I heard someone mention profits vs wages. It was a good read. I love seeing the creativity of entrepreneurs. It’s exciting to see and be a part of.

  7. TEN says:

    Great article!
    I simply love the be an entrepreneur 😉
    I have seen this guy Silver Man in Bangkok, or maybe it was a Look-Alike…but heck, man, I would not be happy working in the streets like that, I prefer working in front of my computer 😀

    But as we say in Denmark:
    “if a street performer makes you stop, then you owe him a buck” 😀

  8. Marko Saric says:

    Good post! Seems like you’re having fun over there!

  9. faisal says:

    Wow, that’s the real spirit of working ahead.

  10. There´s nothing like the satisfaction of working for yourself. At the moment im working for a company, but I hope to be making enough income in a couple of years to be independent for the rest of my life

  11. Arbaz Khan says:

    I have never ever tried working for wages and I don’t have any plans to do that in the future 🙂

  12. John Gibb says:

    Hey John

    Very inspiring article, congrats!

    How do I define entrepreneurship?

    No limit passion!

  13. Jawbone Up says:

    Nice one. Can we bring out our laptop, sit in the street (like begger) and paint ourselves silver while doing internet marketing and people give us money?

    Let’s try!

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