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Do You Want To Survive? Think Like An Entrepreneur

From now on, you have to think like an Entrepreneur.

I can hear you saying, “But Bo, I’m an Employee!”

And you’re right. You may be an Employee in a bankor a call centeror the corner bakery down the street. But your entire world is changing. Even if you’re working for someone else, you still have to think like an Entrepreneur.

Think this way. If your name is Rudolph Reyes, then you’re the Chairman of the Board of Rudolph Reyes Personal Services Inc.

Why the shift?

Because I’ve met so many people who are miserable in their jobs and all they do is complain the whole day about their crummy boss and their crummy salary and their crummy company.

Listen.

Complaining accomplishes nothing.

Complaining is useless.

In the time of Moses, the Complainers got stuck in the desert for 40 years. They never set one foot on the Promised Land.

Instead of complaining, take charge!

God made you responsible for your career.

Unless you take responsibility, nothing happens.

Times Are Changing—Adapt Or Die

My Dad worked for the old San Miguel Corporation for 37 years.

During his prehistoric era, companies were large benevolent, loyal, doting families. The Owner was like Papa and all his employees were his kids for life. And people coasted along.

Let me give you an example. When Dad retired at the age of 65 as Assistant Vice President, the company gave him 100% health benefits until his dying breath. Can you imagine? Until he died at the age of 88, San Miguel paid for all of his medicines and hospital bills—which totaled to millions.

Question: Do you think San Miguel still does that sort of thing?

No way. They threw that policy away in the 80’s. In fact, no other company does that anymore.

I’m not pontificating or telling you what is right or wrong. I’m merely describing to you the very different world that you and I are living in today.

You live in a world where companies hire contractuals every 6 months and replace them again with a new batch. (I repeat. I’m not saying it’s right. I personally don’t like it. But that’s just how the world is operating right now.)

You live in a world where companies are shrinking via outsourcing. Your entire department can be axed tomorrow and the work given to companies in China or India or Davao or Cebu.

You live in a world where companies are bought or merged with other companies the way your sister changes her shoes. Every time it happens, you get (1) bumped up, (2) bumped down, or unfortunately, (3) bumped out.

In other words, you’re living in a world where only Entrepreneurs survive.

How Do You Think?

Like An Employee or An Entrepreneur?

Find out if you think like an Employee or an Entrepreneur.

If you think like an Entrepreneur, you just don’t understand what you do.

You understand why you do what you do.

Even if you’re just a messenger. You’re thinking of how to increase profits and lower down costs. You’re thinking of how to wow the customer and keep him for life.

Here are three examples of Employee Thinking:

“My salary is so small, its just enough for my daily transportation and lunch! I’ve been stuck in my position since Lapu-Lapu killed Magellan.”

Then why are you still working there?

Don’t say you have nowhere to go. When you say that, it becomes a reality for you.

Hey, I’m not asking you to resign. I’m asking you to look for a solution. Take responsibility. Make things happen!

Let me introduce you to a few options of the Entrepreneurial Mind…

Option #1: Get more training and get promoted

Option #2: Look for another job within the company where there’s more growth

Option #3: Become a Supplier to your company (My favorite! Look at what your company needs and create a business by supplying this product to them.)

Option #4: Keep your day job and start a business on the side

Option #5: Look for another job at another company

The choices are endless!

2. “My company is Prehistoric. It hasn’t developed me. I don’t receive any training!”

This is classic Employee thinking: They wait for their HR Department to tell them to attend seminars, arrange training programs, and supply them with books to read.

But Entrepreneurs take charge for their personal development. They keep reading. They keep learning. They keep innovating. They attend internet courses, correspondence courses, and night classes. They get the best mentors they can find. Because Entrepreneurs know that if they don’t innovate, they’ll become obsolete one day.

Question: This year, what have you been doing to develop yourself?

3. “Me, save? Nah. My company will give me a nice retirement package…”

Readers of my blog are young. Average age is 30. (Perhaps because the writer looks 30. Haha!) So talking about retirement seems strange, right?

Wrong.

Believe me, even if you’re 16, you should start building your retirement.

Here’s my harsh message: Don’t depend on your company to give you a retirement package. Even if they will give you one, trust me, it won’t be enough.

As I told you, my father retired at 65 and died at 88. That meant he lived for another 23 years. Do you think your one or two or three million will last for 23 years?

Don’t count on it. Perhaps three years. Perhaps five, tops. After that, you’ll be poor as a rat.

I urge you to take charge for your financial future. How? Build a separate retirement package on your own!

Here’s what you do. Starting today, set aside 20% of your income every month.

Next: Invest it. Don’t put it in the Bank. Learn how to use Bonds, Mutual Funds, Equity Funds, and Stocks. It’s not as difficult as you think it is. Grow!

Friend, be an Entrepreneur.

No matter what you do.

Take charge.

May your dreams come true,

Bo Sanchez

PS. Take Responsibility For Your Financial Future NOW! Once upon a time, I didn’t know anything about money. But when I learned how money worked, I opened myself to God’s financial blessings. Learn the same spiritual and financial principles that changed my financial life! On August 2, I’m giving my powerful How To Be Truly Rich Seminar. To know more about it, click here.

PS2. Mentors may be your missing link to your success. (It definitely was mine.) I needed multi-millionaire mentors to teach me how money works. To learn more about my Truly Rich Financial Coaching Program on August 8 and 9, click here.

PS3. Have you ever thought earning through the internet? On August 29 and 30, join our Truly Rich Internet Marketing Workshop. This “hands-on” workshop will guide you step-by-step how to create a website that will earn dollars for you while you sleep. To know more about it, click here.

PS4. Empower your Prayer Group! Join two fantastic seminars with KerygmaPreacher Arun Gogna that will make your prayer group grow, blossom, and be on fire! Click here for details.

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47 Responses to “Do You Want To Survive? Think Like An Entrepreneur”

romela, on July 29th, 2008 at 9:22 am Said:

Hi BO!

I’ve just quit the corporate life 4 months ago, and I’m only 24. I work from home.. working for an Australian company (yes, they outsourced me).. and now I’m starting my home-based business apart from doing freelance Internet jobs.

All I must do now is to get started in investing in mutual funds. I’m looking for the best finds. Maybe you, and your readers can help out.

I totally agree with you about having an entrepreneurial mentality.

More power! God bless!
garu, on July 29th, 2008 at 10:16 am Said:

thanks bo for sharing

“I’m starting my home-based business apart from doing freelance Internet jobs.”

…may i ask what freelance Internet jobs i can go into?

thanks, garu
Queenie, on July 29th, 2008 at 10:20 am Said:

hi romela! can i ask for your help about that home based thing? if you reply i will post my email here if it is ok and about investing try mutual funds im also a newbie in that but its a long term investment and simple.
Trexie, on July 29th, 2008 at 10:35 am Said:

Hi,

I really want to learn how stocks and bonds work.

And Bro. Bo please tell us early if there’s seminar here in CEBU…ok…

Thanks….
MSB, on July 29th, 2008 at 12:35 pm Said:

Thank you for this message. The entrepreneur in me has livened up once again.

I’ll be graduating from a masters’ degree in accounting and now, i am resharpening all my skills and abilities for me to start my own research and consultancy firm. My further training would bank on my teaching and research work after graduation and from my selling skills that I acquired when I became a dealer of a clothing product to so many people.

On the side, I am also helping my mother manage the family business

I certainly want to make all these things happen.
madness, on July 29th, 2008 at 1:00 pm Said:

Religion and business? Seriously? What a load of deception!

Why don’t you create one group for your `spreading the faith` activities? And another group devoted entirely for financial growth? After all, some people are atheists. Or are you biased against them?

And just as faith should not intermingle with money, the Church should lay its hands off the State. Let the people decide and believe what they think is appropriate for themselves, with or without religious upbringing.
freeze, on July 29th, 2008 at 1:49 pm Said:

very nice insight bro. bo, i hope a many will be inspired to think that way.
romela, on July 29th, 2008 at 3:32 pm Said:

hi Queenie! hi Garu! for your inquiries, kindly email me at: romzkee@yahoo.com

@Queenie - I have a home-based biz that I’d like to share with you if you want.

@Garu - I can help you out with some Internet stuffs, thanks!
angie, on July 29th, 2008 at 3:59 pm Said:

Hi Romela,

This is Angie. I really really wanted to know about doing home based business & investing in mutual funds & bonds. Wala talaga akong idea but gusto gusto kong malaman kung how does it works. Can you help me what should I do first to know more about it? Saan ako pwedeng mag surf? I will do appreciate it. Thanks.

Angie
Racq, on July 29th, 2008 at 4:27 pm Said:

Hi,

Tinamaan talaga ako sa messages mo. You’re right I mentally programed my subconscoius mind when I was in college that entrepreneurshhip is not for me, and so today I’m taking the consequences. i think I belong to the generation na takot na ang mga companies to directly hire the employees because of unions… I finished my degree 2 yrs ago..I got hired to work for a multinational company last year, and as what you have said, contractual basis only (labor union has caused their manufacturing operation wayback 1990s, kami tuloy na mga newlygrads ang nag-suffer) & I am employed under a search firm, not under that company…eto pa, days from now I’ll be loosing my job from my dream company because the department here was moved to China.. and sooner other departments will be moved to China also… Imagine that , timing talaga itong blog mo… I’ll keep up you advise…

thanks and sana marami pang ma-motivate through you.
beng, on July 29th, 2008 at 4:28 pm Said:

thanks bo for always inspiring us to be better filipinos… being financially knowledgeable will eventually help our country…

@romela - i would like to know about your freelance internet job too… hope you don’t mind me sending you an email too… thanks!
MSB, on July 29th, 2008 at 4:41 pm Said:

hi again.

To ROMELA - I am also interested in home business and freelance jobs. I am also looking for the best finds on mutual funds.

Please allow me to join your email list.
Jaja, on July 29th, 2008 at 5:06 pm Said:

Bo,

I thank you for being so down-to-earth and relatable!

your message is just perfect timing!

God Bless!
gLEN, on July 29th, 2008 at 5:22 pm Said:

hi romela,

can i join too? im interested.
romela, on July 29th, 2008 at 5:27 pm Said:

@Abgie, MSB, beng: Just email me at romzkee@yahoo.com
marianne, on July 29th, 2008 at 5:53 pm Said:

thanks bro. bo.

this is so true.
i have a day job, invested in mutual funds and running a business part time. i was actually motivated by your article - BITE SIZE IT…. , to achieve my goals, i think of ways on how to bite size it.
i hope everybody can start thinking like an entrepreneur….

salamat for always inspiring a lot of people
Bingo27, on July 29th, 2008 at 6:41 pm Said:

Hi there!

Bro Bo thanks for keeping us inspire. I’m really interested in investing in mutual funds but admittedly, i don’t have knowledge about how to go along and or what to do. Would really appreciate if there’s someone who can help us… Thank you and God Bless!
Sha, on July 29th, 2008 at 9:52 pm Said:

Hi Bro Bo,

Thanks for the very nice article. Indeed, having an entrepreneur mindset is very important. =)

Dear Readers / Young Professionals,

I am in the process of creating a project that would directly benefit the young professionals. To make sure that I am working on the right premises and I am not just assuming, I would like to request you to participate in my survey.

Here’s the link.

http://www.kwiksurveys.com/online-survey.php?surveyID=ICOD_b3d42d71

Hoping for your support. =)

Thanks a lot!

Sha
joe, on July 30th, 2008 at 3:45 am Said:

I was just thinking and planning about being an entrepreneur before reading this blog.Timing na timing talaga.You did it again Bro.Bo.Cheers!
Hi!Romela may I also inquire about your home based biz.This may fit my plans.Tnx!
donna, on July 30th, 2008 at 9:29 am Said:

hi bo,
its my first time to write a comment in your emails, i was just thinking of what you’ve said.. about investing in mutual funds and stocks..i don’t know how?!
i do have a e-load business aside from my job as a secretary…but it’s not the same as before because they decided to get a plan..kaya wala na masyado nag papaload sa akin..
i wanted to ask you on how to invest in mutual funds and stock?it that same as time deposit? because as you’ve said its not good to just put it in the bank.. i hope you can reply..tnx
God bless and more power..
Dreamer, on July 30th, 2008 at 11:34 am Said:

To Sha —

your survey has some bugs, it won’t publish…
Dreamer, on July 30th, 2008 at 11:46 am Said:

To Sha —

your survey has some bugs, it won’t publish…

naedit ko nalng locally yong validation mo, sabi sa error something about “Question 21:…”

pero anyways, nag skip nalng ako sa validation ng javascript mo, tapos sinabmit ko na lng kahit may error,

goodluck sa pg fix nya, tke cre…
bizminded, on July 30th, 2008 at 12:30 pm Said:

Bro. Bo.

Thanks for the good msgs.

Romela, I will email you soon.
I want to learn home based business also, and yes like the others I want to know mutual funds, stock buying and so on works.

Thanks.
ging, on July 30th, 2008 at 2:47 pm Said:

Hi bro. bo

Thank you for all the inspiring message and the books and magazines you sent to me as member of the kerygma family.

I and many others are interested to join your seminars. I hope you can schedule one here in Cebu and other provinces.

God Bless
fortune, on July 30th, 2008 at 4:06 pm Said:

hi romela..

im fortune.. u seem to be the most sought after person in this comment box.. please include me in ur list.. i wanna know about the internet job..

about the mutual fund, me&my husband invested in alfm peso bond fund.. medyo mlaki nga lang initial investment pro based on performance in the last several years e di sila nhuhuli..

tsaka sila lng availble thru bank dito sa location ko sa mindoro, thru BPI.
JM, on July 30th, 2008 at 8:16 pm Said:

–OUCH!!!
tinamaan ata ako sa mga sinabi mo Bro. Bo, pero I can’t help it. Complain pa rin ako ng complain. I’m praying na sana mabago ko agad tong attitude na to. It started when maramdaman ko na hindi na ako happy sa ginagawa ko. I’m working in a call center dito sa Makati. Early Januay this year I quit my job, sabi ko, di ko na talag to kaya, mababaliw na ako. But then when I went home sa province, nakita ko and na-realize ko kung gaano kahirap pag walang work especially ako lang talaga yung sumusuporta sa family ko. My dad is working pero di sapat. Ako gumagastos sa bahay, nagpapa aral ng kapatid, at the same time nagbabayad ng renta dito sa boarding house, and oh my daily expenses for food and transpo. Wala talagang natitira. Kaya ayun,ganun na lang ang complains ko. But then, just last February, I was hired in a Call center again. This time, di masyadong mahirap yung work. Pero ganun pa rin, I’m unhappy, kapag papasok na sa work, gusto ko na lang matulog, gusto ko restday lagi. hehehe
I”m thinking to try na mag apply as Medical Representative, since BS Biology naman yung tinapos ko, and almost all my classmates in college are all med reps and take note, successful and most of all happy sila sa work nila. Pero natatakot naman ko, kasi if I resigned na hindi ko pa sure kung makakapasok talaga ako, isa itong disaster.
Well… I hope mahanap ko kung ano talaga yung magpapasaya sakin,I’m just 22, turning 23 this December pero feeling ko I’m older than my age na for all the responsibilities and “problems” na nararanasan ko both financially and emotionally.

Pls pray for me bros and sis. I know naman na makakayanan ko to, God is always there for me.

by the way… Romela, I’d like to know more dun sa biz mo. Can I email you also? thanx much!…

May God bless us all!!!
Alvin Madrid, on July 31st, 2008 at 8:04 am Said:

Hi Bo,

Thank you for continuously inspiring us.

You are precisely correct on how to survive as an entrepreneur.

Before we were your typical employee…. but after my wife and I started a food stand business. The ideas just coudn’t stop from coming in….

We are both working for a MNC, but we are doing the business on the side because we know that this will eventually become a financial windfall for us.

We are eager to open a new branch.

Again thanks for inspiring us always.

Alvin & Jhen
leonine, on July 31st, 2008 at 9:28 am Said:

Hi Mr. Boo, nice article. You’re right! God Bless Us!
mcnearbabe, on August 1st, 2008 at 11:25 am Said:

I LOVE THIS POST! very timely bro. Bo! god is really GOOD!!!!
sylvia, on August 1st, 2008 at 12:06 pm Said:

true enough for bro. bo. i believe in the saying that if you dont love your job everything follows.meaning everything will go wrong because you started wrong or in a wrong attitude, right? so no matter what job you have yu have to learn to love it. and most of all put God in everything you do. Thanks Bro. Bo for the inspiration.
kathy uykiat, on August 1st, 2008 at 3:17 pm Said:

hi, bo, the inspiration of yours inspires me. you are right all the time… uhmmm where did you get those good ideas??? Hehehe…

I also follow your advice Bo from the start. I have been reading books for equipping myself. to renew my mind… to motivate myself to work hard for a living and for my future.

See. I am thinking like an Entrepreneur already!!!

I remembered I have a career psychology test when I was in college. The result of the test is I am an entrepreneur.
butsch portento, on August 1st, 2008 at 4:21 pm Said:

hi romela, all -

just like the others, after 10 yrs in my last job, i was out just last july 15th. am just finalising some papers in the office to complete my clearance and get my final pay & totally off - - - am very much interested about your posted idea, expect my email very soon - - - i have lots of queries though i hope you could get back to me the soonest i post mine . . . many thanx & best regards . . . ad majorem dei gloriam, Butsch
donie, on August 1st, 2008 at 10:21 pm Said:

There are a lot of mutual funds, if in case you live in Bulacan area, there’s Praxis Fides Mutual Benefit Association Inc. Actually, its like “paluwagan” wherein you give certain amount per month for a period of usually 5-20 years, then you get your money plus interest earned upon maturity and it comes with an insurance (should anything bad happened to you while the plan is active). Mas malaki ang interest compared sa bank, ranging from 10%-18% per annum sila (so far). another thing is that they lend money to members at a minimal interest rate (even lower to that of any commercial bank). I actually borrowed money from them to start my own business. Maagan bayaran kasi, monthly and mode ng payment and payable ng 6, 12 or 24 months whichever you prefer.
jet, on August 2nd, 2008 at 1:46 am Said:

hi bo, thanks for the inspiring article.. just like the others from cebu, we\’re looking forward to your seminars…. been looking for reliable companies with mutual funds but more important is i still need to learn this.. if there\’s anybody you can recommend here in cebu.. thanks… keep the inspiring articles coming…
edmund, on August 2nd, 2008 at 9:52 am Said:

This is my first time posting hear. I’ve been reading your article for a while now and I wanted to thank you for all the inspiring articles. I had tried to invest before but all failed. I’ve invested in networking companies but I always get burned out. Now im working in an international insurance company with insurance and investments. But i always get rejected from so many people. And sometimes I get bored on my job because of all those rejections. but i know that those rejections will help me learn on how to be strong. Just recently i started an eloading business and it is fun. In the future I am planning to have my own apartment business because I’ve read the book “think rich pinoy” so many times and it help me realize that being an employee is not the answer to be financially free. I hope bro. bo you can give me some advice. Thanx again.
Ann, on August 2nd, 2008 at 1:09 pm Said:

Hi…
Thanks again Brother Bo for inspiring and teaching us on how to improve our selves in wide range of aspect.
Im looking forward to be part of your truly rich seminars.
God bless…
Do You Want To Survive? Think Like An Entrepreneur | RichMan Millionaire 2010, on August 4th, 2008 at 11:48 am Said:

[…] Do You Want To Survive? Think Like An Entrepreneur By: BO SANCHEZ […]
Betcha, on August 6th, 2008 at 11:12 am Said:

Hi Bo,

Thanks for igniting the spirit… i wish i can attend your seminars in Manila.

Romela, i will email u

God Bless!
My Colorful World » Thinking like an Entrepreneur by Bo Sanchez, on August 6th, 2008 at 2:11 pm Said:

[…] Article can be found here. […]
Lovely, on August 9th, 2008 at 4:25 pm Said:

Hi Bro. Bo!

It’s nice reading your blogs especially this article. I’m very interested in having a home based business. can you please help me?..oh, i’m also interested to learn more about mutual funds..
Thanks for the inspiration!
God Bless!
myra, on August 9th, 2008 at 5:29 pm Said:

hi bro bo! thank you for opening our minds to the real world. I’ve been a bank employee for almost 15 yrs and my husband and I are planning to start a new business before the year ends.

ms. romela, i’m also interested in your home based biz, can i join too?
beta_ark, on August 11th, 2008 at 12:18 am Said:

Everyone sounds very optimistic about making it big and being very successful. The truth, It will very very very hard and will take a very very very long time. Sobrang buenas o sobra sobrang swerte mo kapag limang taon lang e maging successful ka o maging milyonaryo ka. Hindi rin naman impossible PERO hindi lang isang seminar o isang plano o isang home based business ang magiging SUSI mo sa hinahanap mo. Remember ang swerte ng iba ay malamang hindi mo swerte. “lolokohin ka lang nyan, sa sobrang greedy ng tao ngayun, ishashare ba nya ang alam nya kung talagang effective, kumpitisyon ka sa tingin nyan, kung negosyante talaga yan” Kung kaya mong tiisin na hindi gastusin kahit isang centimo ng kinikita mo mula sa pagsisimula ng negosyo mo hindi ka uunlad. Pwede bang hindi ka gumastos? o I treat ang sarili mo? iiwasan mo ang gastos??? (masira ang ipin mo?, magkasakit ka? masira yung makina mo na bagong bili mo para sa negosyo mo? habang nakikita mo na lumalaki ang kita mo, lumalaki din ang gastos mo. habang tumatagal kahit hindi lumalaki ang kita mo, mas lumalaki ang gastos dahil nagmamahal ang presyo. Wala nang pagasa maging successful kung iisipin mo lahat ng NEGATIVE at lolokohin mo lang ang sarili mo kapag natapos mo isipin ang napaka maraming negative kumpara sa iilang positive e tutuloy ka pa rin mag negosyo. kung handa ka ng lokohin ang sarili mo at maging failure. kung handa ka ng isugal ang buong buhay mo sa wala. handa ka na talagang mag negosyo at umasenso.
Betcha, on August 11th, 2008 at 1:58 pm Said:

Hi Fortune,

I’ve been wanting to look into mutual fund investments or bonds. Is the alfm peso fund a nationwide investment portfolio from BPI? .

Ayoko namang magtanong sa mga kakilala ko bka akala nila madami akong pera. I just want to teach my sibling on how to manage their finances.

thanks
rodel acuno, on August 21st, 2008 at 2:20 pm Said:

Dear Bo,

Great day to you and your wonderful reader around the world, Im already into business, wherein to business of
SAVING CAR TO FORECLOSE . WE PAY-OFF BANK BALANCE AND ARREARS. THROUGH REFINANCING AND RESTRUCTURING. By doing it, we SAVE THE UNIT convert it to PAY-LITE.

We have our website www.infinco.net.

I want to learn internet Selling since my business is already online. Aside from Buy and sell ads, and Manila Bulletin Ads.

I would also look forward to attend to ur HOW TO BE COME TRULY RICH SEMINAR and be part of it, so Il be Rich and Help others. Im been reading your books since college. and I learn many great new things and Idea. I want to start my own business.

Your a great man. More power to you.

Thanks,

Rodel Acuno
Aspiring Entrepreneur, on August 27th, 2008 at 2:10 pm Said:

Wow, this article is really related to my blog site entitled “Aspiring Entrepreneur” - The Journey of an Employee Towards Becoming a Successful Entrepreneur.
Jess, on August 27th, 2008 at 2:16 pm Said:

Helo Kuya Bo,

I’ve been reading your articles for quite a long time and they are really inspiring. It helps a lot. I’m an OFW, I just came back from vacation this August. What strikes me most is the article I read two years ago, it’s not from the internet but from a an article posted in the FX window. I find it interesting, in fact I read it take down notes, of course pasimple lang, para di halata… I read there about saving money etc… and I said I should apply it. But then, after two years of my first contract, still I have not made it. Di naman talaga walang naipon, nakabayad nman ng utang, may nakuha rin kami lupa, but I found planning is not enough.

I’m glad we found img this vacation shared to us by a friend in our church and we joined. There I remember what I read two years ago before I go abroad. And I’m happy to know that you’re also one of them. I now understand it more clearer. That’s what we need to especially, OFW.

Thanks, God bless & more power!
Mai, on August 27th, 2008 at 11:55 pm Said:

Bo , I am 24 . I started realizing what you have said about investing and stuff just these past few months,..When I first learn about your blogs, I kept on reading all of it every night. Actually, I badly needed your help, me and my other two friends are agreed to invest our sayings for are future . I told them about your idea of mutual funds, stocks, etc. but we just don’t know how to do it , where to begin. I hope you could help us and probably give us advice on how to start investing…

Ty BO,….

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Do You Want To Survive? Think Like An Entrepreneur

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