Three Types of Entrepreneurs
In the business world, there are 3 types of entrepreneurs.1) The people that things keep happening to -
2) The people who watch things happen all around them -
3) The people who constantly and continuously make things happen.
But whether you fall into group 1, 2, or 3, we all have this in common: We all want our business to do more, have more, reach farther and achieve more, both financially and emotionally.
The problem is in knowing how to achieve that.
Over the next 5 days, I'm going to give you the five factors of building wealth for your business. Write them down on paper and place them in strategic places where you work as a reminder. They will help you stay focused on what you need to do.
FACTOR 1
Work to constantly increase your current income and profits. Sounds obvious doesn't it? You'd be amazed at how many people don't focus attention on this. If your business isn't multiplying each year (multiplying income, multiplying profit level, multiplying cash flow), then you aren't able to invest internally in ways that will grow your business, nor can you invest externally in more marketing activities. And you certainly won't be able to invest outside your business to develop passive income and build your net worth from other income avenues.
So make sure you are first focused on making sure your business is increasing its income and profits.
posted by Barbara Jennings @ 10:01 AM
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