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Phillypreneur lessons from Ben: No Capital is No Excuse

posted by David Speers  |  Comments (1)

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The following is an excerpt from Bizcovering’s inspiring article on Six Excuses That Must be Discarded to Become a Millionaire.

Here’s my favorite example from Excuse #3: I Have No Capital

Another poor man who captured the world’s imagination was Benjamin Franklin, American statesman, writer and inventor. He was the youngest child in the brood of 16. Though his parents owned a candle shop in Boston, Massachusetts, the mean income could not support comfortably with the whole family. Young Benjamin did not think much of food and what to eat because he had been told not to do so, he hardly eat delicious food. His older siblings had large appetite and would jam the table even before Ben could occupy his chair. When he realized that his father could no longer afford to send him to school, he decided to work in his brother’s printing shop. Much of his earnings went to books. He adored poetry and short stories. Amidst poverty, young Ben dreamed big things; he practiced writing, though he did not know the very basic of that profession. Then his brother started beating him cruelly, this prompted Ben to run away, with little bucks left in his pocket, he stole down to Boston harbor and went to New York City. Ben had nothing except clean t-shirt and the pants he wore. In New York, he was not accepted for any work, so he went to Philadelphia, because he had no money to pay for the transportation, he endured the long miles walking the rocky roads and sleeping at the fields at night, by the time he reached Philadelphia he was tired, dirty and hungry.

Benjamin accepted odd jobs and work day and night until he earned enough money to support his schooling. Later in his colorful journey, he founded his own printing shop, invented the first gas stove, published stories and became America’s most celebrated statesman.(trivia: When Benjamin owned a company, he noticed a young man, 14 years his junior, who was prone to failures despite his aggressiveness in work, though this young man armed with undisputed talent, intellect and strengths, he was easily intimidated and discouraged with slightest mistakes. Benjamin decided to train this man and making his own struggles in life as example, he taught him how to conquer odds, the result was remarkable, this man became an asset of the company which later on made him a successful professional, he later on quit his job and joined politics, but the great lesson Benjamin Franklin taught him never fade in his mind and he used it as his springboard as he soared high in his career. That young man was none other than James Madison, who became the fourth US President. It’s amazing to know that his great teacher in life was a poor stow away boy from Boston who once endured walking a rocky road, tired and dirty just to reach his dreams.

david Dave Speers is an online marketing consultant and start-up junky that has worked with a wide variety of Philadelphia businesses. Dave spends most his time annoying really smart people at Indy Hall co-working collaborative.