People often talk about getting the foundations right first, then everything else falls into place, and this really is true of building a sustainable business.
One of the most important things you can do at the beginning of a new business idea is spend time evaluating the business model.
I’ve met quite a few very hard working business owners over the years, no one doubts their commitment or their sheer tenacity, but if the business model is floored or capped (i.e. there is a ceiling to how much money you can ever earn, or you trade time for money) then you will just keep working your socks off, for the same or less return - you could become that headless chicken we all try to avoid.
What type of business owner do you aspire to be?
And once you get into “headless chicken” mode or even worse “can’t see the wood for the trees” mode, it’s really hard to get yourself out! Even the best business coach...
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