Start Business Basic Concept
Reasons for starting your business is achieve FREEDOM in life. There are basic 5 ways of thinking FREEDOM.
Freedom of Money, Time, Place, Relationship and Purpose.
When you are free from making money, usually you don’t have enough time to spend the money, nor too much free time in life, but no money.
Freedom of Places you want to go and enjoy your life, such as travel and seeing experience new countries; or location place does not matter in your daily business working environment, you can be anywhere, any place you want to be
Relationship, who you want to be in business with, who you can make decision to do the business and lead the business in your way.
Freedom of Purpose, when starting a business, it can be many means of why to start a business. Purpose of having enough cash flow, making yourself happy, travel the world, see and do the crazy things …etc. There are things and purpose of starting business in life, but what is real purpose inside you is very critical to drive you each day to become a better person and business owner.
Income Cash Flow Basic Concept
Before starting your business concept, you should determine what SKILLS you have and that SKILLS can solve what PROBLEMS.
Understanding your inner strength, skills that can solve a problem is key successful factory in starting a business.
What is the Magic Bullet I can give in order to solve people’s problems. These magic bullet can be your unique skills that no one else has, the value of your skills is crucial important.
Another important concept of stating a business is to generate enough CASH Flow to Invest into Positive Asset that you can have in exchange your work hour each day. Why we consider why we do the things each day, its merely doing the work in exchange hours for money; but there is only 24 hours a day, how much hours can we trade for income? what is our leverage against time?
Therefore, earning money does not mean exchange hours for your income. The key here is Leverage.
Leverage your time for money, leverage your resources for better return in investment, leverage your skill and management to others, exchanging time for better return of your money and time.
Leverage your time and resources( Money, business relationship, time,) are the skills we all shall master.
By using these leverage, you create assets that sustain your income, meaning these asset will build your wealth regardless if you
work today or not.
Leverage your resources and building ASSETS that give you sustain income each day without work !!
How do we Find a Game Worth in Creating and Win
When we think about making money, actually it is simply in exchange of money, service, time against other who accept your skills and effort. The term is called, Contribution Capitalism.
What you contribute in your time, efforts, skills, product in exchange for money.
Life is not about what you get.
Life is not about what you give.
It’s about what you contribute.
At any given moment, all of us are either consuming value created by someone else, or we are producing value consumed by others.
Our greatest goal and privilege in life, is to contribute far more than we consume.
Meaning less we consume others contribution, by providing greater contribution to the society, we will generate wealth in life.
Your success with any kind of opportunity is 100% dependent upon you. Success cannot come from something outside yourself, yet that is exactly where most people continue to look…
I’ll always remember this quote from Dan Kennedy…
“You will continue to be un-________ as long as you depend on others to make you _________.”
Insert any word you wish… “happy”, “wealthy”, “healthy”…
Success in business has nothing to do with the opportunity, and everything to do with the skills you have acquired that will allow you to successfully execute on that opportunity.
Success in investing has nothing to do with a specific investment opportunity, and everything to do with the financial education you’ve acquired that will allow you to identify and then manage the risk associated with that opportunity.
It was the realization that I needed to change who I was by conquering fears and acquiring new skills in order to change the results I was getting…
If you want to invest in something that can truly make you wealthy, and have the opportunity to transform your life within the next few months, invest in yourself. Learn and understand our own skills level and education training we have inside.
Become what we feel is the most noble occupation on the planet, which is an entrepreneur.
Change creates opportunity.
Atlas Shrugged by reading this book is widely considered a right of passage for entrepreneurs, as it is the defining piece when it comes to illustrating a life of contribution, VS a life of consuming.
Take your choice – there is no other – and your time is running out.
(reference from elevation cash-flow)