Do you know the story of the fisherman and businessman?
You probably do…
Maybe you heard it from one of your friends or colleagues.
Maybe you heard back in school or at a workshop. Or maybe you stumbled across it online.
Wherever you found it – it’s a really popular story. And it has a really good lesson.
But there’s a problem with the way most people tell it…
And after reading it, most people just ask the wrong damn question.
It’s what keeps them broke.
Today I’m going to share with you the true lesson of “The Fisherman And The Businessman”.
But first, here’s the story…
The Fisherman And The Businessman
A businessman on vacation was walking along the beach one morning when he came across a fisherman beside a boat.
“Good morning! Going fishing?”
The fisherman laughed and pointed to the fish in his boat. “I’m already back from fishing!”
“Oh! Hmm, how long did it take you to catch those fish?”
“Uhh… only a couple of hours. Why?”
“Just curious… so … why don’t you stay out longer and catch some more?”
“Oh, it’s already enough for me and my family. I don’t need anymore!”
“I see, okay so what do you do for the rest of the day?”
“Well, usually I go home and have lunch with my wife. Then I go take a nice afternoon nap. And then in the evening, I go into town and have drinks with my friends.”
That’s when the businessman had a fantastic idea.
“Wow! Okay, I’ve got some great advice for you.
Why don’t you fish for longer every day and sell the extra fish for profit? That way, you can use the profits to buy yourself a bigger boat!”
“Uhh, why would I want a bigger boat?”
“To catch even more fish! And then if you sell those extra fish for a profit, you can grow your business! And buy enough boats to create a fleet!”
“Yep! And with all the new profits fro your fleet, you can build a fishing company! And you can grow until you’re an international operation!”
“Build a fishing company? Go international? Why!?”
“Well, that’s the best part! When you become that big … you can take your company public, sell your stock, and become an instant millionaire!”
The fisherman paused to think…
“An instant millionaire? How long would all this take?”
“Not too long I guess. Maybe 15 years. Maybe 20 years.”
“Okay… hmm … but I still don’t get it. What’s the point of doing all that?”
“Because as a millionaire, you can retire and do whatever the heck you want! You can relax, spend time with your wife, nap whenever you want, and even hang out with your friends in the evening!”
The fisherman scratched his chin.
“Well, isn’t that exactly what I’m doing now?”
Now you can read how Dan Lok analyzes this story.