“The Entrepreneurial Model has less to do with what’s done in a business and more to do with how it’s done. The commodity isn’t what’s important — the way it’s delivered is.” Michael Gerber, The E-Myth Revisited The best businesses do not make their business only about the commodity they sell. A commodity is a house, [Continue Reading]
Archives for March 2015
The Collection Habit – How to Get Everything Off Your Mind
In order for your mind to let go of the lower-level task of trying to hang on to everything, you have to know that you have truly captured everything that might represent something you have to do, and at some point in the near future you will process and review all of it.” David Allen, [Continue Reading]
The Secret to Achieving Big Goals – The Domino Strategy
Do you like to think BIG? Do you have exciting goals, aspirations, or dreams that you plan to achieve some day? I do too. Big goals are exciting, but their size also makes them even more challenging. For example, if you want to someday achieve financial independence and live off of passive income, it’s hard [Continue Reading]
The True Cost of Regular Expenses: The Rules of 752 & 173
The concept of reaching financial independence where passive income fully supports your lifestyle is fairly simple in theory. Essentially you just increase your income, cut your expenses, and maximize your savings rate (see my article “Simple Math, Early Retirement“). But, as we all know and as I shared in “Destination Financial Independence,” simple concepts like losing weight, exercising, and [Continue Reading]
The Entrepreneur’s Success Mantra: Work on Your Business, Not In it
“Once you recognize that the purpose of your life is not to serve your business, but that the primary purpose of your business is to serve your life, you can then go to work on your business, rather than in it, with a full understanding of why it is absolutely necessary for you to do [Continue Reading]
Define the Nightmare: The Power of Pessimism
As soon as I cut through the vague unease and ambiguous anxiety by defining my nightmare, the worse-case scenario, I wasn’t as worried about taking a trip. Suddenly, I started thinking of simple steps I could take to salvage my remaining resources and get back on track if all hell struck at once. I could [Continue Reading]