Either you can create a business and be a prisoner of it, or you can create a business that will make millions for you and free your time. To create a good business, follow these five commandments.
The Commandment of Need.
Stop chasing money, and instead chase needs, problems, pain points, and emotions.
The Commandment of Entry.
The businesses with easier entry levels are more crowded with competition. If the entry level is high, there are fewer competitors, and it’s easier to make a profitable business.
The Commandment of Control.
To earn good money, you need full control over your business. This means be the driver, not the passenger. For example, you sell licenses, not buy them. You offer affiliate programs, not join them. And so on.
The Commandment of Scale.
It’s impossible to have a highly profitable business if you act only in the local market. To impact millions, you must cover a large area with your business.
The Commandment of Time.
The goal of having a business should be a detachment of time.