This Is Why A Business Process Must Fit Employees, Not The Other Way: Fill & Download for Free

Deal drugs…No, seriously. That’s the quickest way I know of to become wealthy under 30.I have a friend (who will remain nameless) who spent 7 years in prison after his $1.97 million/year PROFIT heroin business (he was 22 at the time) was shut down by the DEA.However, this method will put you in prison (if you’re lucky) or in a trash compactor (if you piss off the wrong people) and is, quite frankly, too dangerous, not to mention illegal, for me to recommend.Now…Let’s ask a better question.What is the BEST way for YOU to become wealthy before you turn 30?Because here’s the thing…You can become wealthy before turning 30 using any of the following strategies.Real estateSelf publishingBloggingeCommerceFlipping luxury items (watches, phones, cars, etc.)Network marketingService business (e.g. an email marketing agency)Stock tradingCryptoAnd the list goes on.The question you should be asking yourself is NOT “What is the fastest way to get wealthy?” it’s, “What is the BEST way for me to get wealthy?”Because I can tell you from personal experience, that wealth alone won’t cut it.I have a friend who averages anywhere from $100 - $200K/month in revenue, but he hates what he does and doesn’t enjoy his life.This is NOT the fate you’re looking for.So let’s take a look at some better questions you can ask yourself to figure out the wealth building strategy that is right for you.1. Who Am I?Before you even begin to think about wealth building strategies, you must first cultivate a high level of self awareness.Because here’s the thing…You can have a bulletproof wealth building strategy. But if you are not the right type of person for that specific strategy… It will never work.A great example of this is one of my former podcast guests Mike Dillard.He got his start in network marketing, building a business with a proven model.But there was a problem… He is a MASSIVE introvert.He’s not a huge fan of face to face interaction and at that time, he had terrible social anxiety.As you can imagine, the extrovert centric world of NWM did not sit well with him.So he decided to take a different approach to the traditional NWM approach and instead he self published a book called Magnetic Sponsoring which taught people how to use the internet to find new members for their NWM downline.The result? He built a $25,000,000 company in a matter of years.How? Because he knew himself.He knew that traditional NWM wasn’t the right fit for his personality, so he modified his approach to suit his strengths and weaknesses.If you want to build real wealth, you need to do the same thing.Take some time to figure out WHO you are.Are you introverted or extroverted?Do you like words or numbers or both?Are you skilled at negotiation and social interaction?Do you enjoy solving equations, designing beautiful things, helping people (e.g. coaching), or creating products?Which part of the business process seems most interesting to you? Product developement? Sales? Marketing? Branding?Do you enjoy leading the charge and taking full responsibility or do I want to operate in a supporting role (e.g. Entrepreneur vs. Entre-employee)The more you know about yourself, the better equipped you will be to succeed when you finally select a business model that fits your personality.To help you on this journey of self discovery, I recommend checking out the following resources.Free personality test, type descriptions, relationship and career adviceThe HEXACO Personality Inventory2. What Pisses Me Off and What Makes Me Happy?Another question that you should ask yourself is this:What pisses me off? What makes me happy?When I started my business, Knowledge for Men, I did it, largely, because I was pissed.I was sick and tired of all the phony and b.s. self help advice that didn’t help me get real solutions. I was pissed that I couldn’t find a community of authentic men who wanted to go through the journey together and grow.And I decided to start my business to provide the solution to my own problem.You can make money in any business. But you will make the MOST money and the greatest impact in a business that you care about.So take some time to think seriously about the things that piss you off and make you happy.These will be your guiding forces and will help you find a career path or business most suited to your values and mission.3. What Solutions Do I See that Other People Don’t? Where Do I Mentally Optimize Things Even When I’m Unpaid to Do So?Do you find yourself sitting at restaurants and mentally optimizing the menu, design, setting, etc.?Do you watch ads on TV and think, “Wow, they could have made this so much better if they did xyz”?Do you ever look at someone in public and think, “Gosh, if he/she would change xyz about their style/appearance/mannerisms they would be so much more successful.”When you’re at the gym, do you think to yourself, “Wow, that guy needs help. He’s not getting results and I know how I could help him”?The biggest secret to finding an appropriate wealth building model for your unique personality is to follow your internal optimizer.Most people do this.We all come up with ideas and solutions to problems that we are’t getting paid to solve.There are certain things that are naturally interesting to us and we’re able to think of innovative solutions where other people would rather follow the status quo.Look for these areas in your life.Notice the areas where you mentally innovate without compensation.This will give you a huge clue as to the type of business model or career you should pursue.4. What Does Wealthy Mean to Me?This is a BIG one that people often miss.Everyone’s idea of wealth is different and there are many different aspects to it beyond the purely financial.For me, wealth is earning multiple 6-figures a year while only working ~35 hours a week and having the freedom to spend time on the things I love and travel when and where I want.For some people, wealth is a 7-figure net income, fast cars, a house in the hills, and a jet set lifestlye.For others, it’s low 6-figures in a career that they enjoy and enough time to spend with their girlfriend and dog.There are no right or wrong answers here.You just need to figure out exactly what wealth means to you.Ask yourself:How much money do I want to make?How long am I willing to work at a given endeavor to make it happen?How many hours a week do I want to work after I get this off the ground (because you’re GOING to work yourself half to death to get things started).What sort of lifestyle do I want to have?For example, if you answered the above questions and said, “I want to make $1,000,000+year, I’m willing to work 5 years to make it happen, and I only want to spend about 40 hours a week working once I get this thing off the ground while enjoying a lifestyle of travel and freedom”Then starting a high ticket coaching/consulting company or creating and selling info products online would be the ideal business for you.However, if you say, “I want to make $5,000,000+/year, I’m fine working 5–10 years to get the results I want, and I don’t care how long I have to work as long as I can stash away millions each year”Then you should do something with real estate or finance.Again, there are no wrong answers.Just make sure that you are building wealth on YOUR terms instead of the terms set by society and other people.5. What Do I Want my Legacy to Be?It’s funny…When you’re broke and just starting out, all you can think about is money.I know, I’ve been there. I remember when the ONLY thing I could think about was making my first 6 figures.But today, after building a 7 and soon to be multiple 7-figure company, I spend less and less time thinking about money and more time thinking about the value I want to offer and the legacy I want to leave.And even though you’re probably caught up in the wealth building mindset right now, it’s important that you at least consider your legacy before you commit to a career or business.How do you want to be remembered? What sort of life do you want to live? How do you want to spend this one existence that you have?Think deeply about this question. Then go deeper.The more succinctly you can explain WHY you want to do what you want to do and HOW you want to live your life, the better equipped you will be to find the right wealth building strategy for you.I hope this helps.Stay Grounded,AndrewLearn more about my work, life’s mission and how I can coach you by visiting my Quora profile here

“Hey Brett. Congrats on getting your company funded. I’ve heard the horror stories, and I was just wondering how many hours you’re working?” Kent asked me in an email.The horror stories of founders working 100 hours week on end are commonplace. The reality, or at least my reality, was different.I was working hard, but I wasn’t working 100-hour weeks. And I wasn’t stressed out. In fact, I was having the time of my life.Maybe this was because I had spent the previous two years being turned down by investor after investor while raising money. Now that’s stressful.Running a company? Well, it’s stressful, but not THAT stressful in comparison.But there are things you need to know about your first year as a startup CEO. Here are seven things I learned in my first year as a startup CEO:A. Everything starts with building your team:Team building. Focus on quality over quantity. Make sure each and every employee is smart, passionate, has integrity, and fits the company culture.Your job as CEO, especially that first year, is “Recruit, recruit, recruit” and “Sell, sell, sell.” You should be spending around 50% of your time recruiting.Those first employees you hire will set the tone for the rest of the company’s life. You are in great shape if you hire high quality that fit your culture people right from the start.Oh, and make sure you, the CEO, interview each new hire. Personally, I would suggest interviewing at least the first 50 employees you bring into your company.B. Then you need to upgrade the team once you’ve built the team.You’re going to hire some non-believers. In other words, you’re going to hire people that are just there for the paycheck and don’t believe in your company.The problem is non-believers are like cancer in a small company. Non-believers can destroy a small company’s morale.Imagine your company has 10 employees including you. And one of the employees is a non-believer.That one non-believer (10% of your workforce!) is complaining about the company to the other employees. Everyone knows if someone is unhappy in a small company,And that stuff brings down everyone’s morale.Your job as CEO is to ask the non-believers to move on. They don't fit, and you will not miss them.C. Executing the plan.Focus on the details, and don't be afraid to hold the team accountable. Your team is looking at you for leadership.You’ve got a long road ahead of you, and it’s important that you set the tone of the company right at the start. That means you’re going to have milestones and objectives that need to be met.Now this doesn’t mean you are running a sweatshop. The idea isn’t to whip everyone to meet unrealistic goals.You will fail if you take the course of pushing your people too hard. Successful CEOs understand that managing people is like driving a car. You need to know when put on the gas and when you need to apply the brakes.D. Manage your money wisely.Most CEOs believe their startup is going to rocket to success. And most CEOs are wrong.The classic saying I like to remember is “It takes twice as long as you think it will and twice as much money too.”The reality is your success and getting to cash flow positive might take even longer than twice as long. So manage your money wisely.Spend on the things you absolutely have to spend on like top talent, but save money where you can save. For more, read: http://www.brettjfox.com/are-you-being-appropriately-frugal-and-why-its-so-important/E. Celebrate your successes.Startups are a marathon, not a sprint. Your journey is going to take many years, so you need to celebrate along the way.So employ the Kaizen method (read: http://www.brettjfox.com/how-do-you-keep-your-company-on-the-right-track-when-youre-just-starting/) of recognizing your small incremental achievements that you are making on your way to changing the world.You’re trying to build momentum when you start a company. So every small achievement along the way helps build that momentum.I liked the idea of giving the team small rewards as we hit minor milestones. It might be giving everyone a $10 Starbucks gift card or free movie tickets.These small rewards don’t break the bank, but they do remind everyone that you care. Plus they remind your team that the company is executing and achieving.F. Working with investors.Make sure you have regular 1:1's with each investor before every board meeting. Remember the golden rule of never surprising your board during a board meeting.Bad news is expected. Don't hide it. Instead build the trust of your board. Having a mentor or coach that is not a board member (someone who has been there before) is something to consider.G. Be transparent with your team.One of the biggest mistakes you can make is not sharing the bad news with your team. You will be amazed at the positive (yes positive) response when you share bad news.Here’s why:You’ve built a team that believes in your mission, and…Your team wants to win, and…Your team is made up of high-quality, high-integrity people, so…Your team will be able to handle the bad news, plus…Your team knows that not everything is going to work out, so…You send a message of trust when you tell your team the problems along with the successes, and better yet…You will be amazed that many times your team will come up with the solutions to the problems.One final piece of advice: Have fun!I remember having a conversation early on with Bob our one Angel Investor. Bob is a brilliant technologist and an industry legend.Bob asked me, “Are you having fun?”I immediately answered, “I’m having the time of my life.”And that’s how it should be for you too. Yes, there are lots of things to do.Yes, you have to recruit, and execute, and manage your money, and work with investors, and deal with countless unexpected problems, but you should still be having fun at the end of the day.As I said to Bob that day, “Even the bad days are good.”Read original post here: 7 Survival Tips For Startup CEOs - Brett J. Fox

The short answer to your inquiry is this: choose a business based on your personality. It might sound cliché but enjoying the work you do is really one of the best pieces of suggestions available.Having your very own business offers the following perks:· Your revenue is not capped.· You are developing your own success.· You are in control of everything.· You can obtain vacations anytime you want.· You do not have a manager to please.However, all of that will certainly go to waste if you stop within a month. You can construct the "ideal business design" as well as still fail if you do not like what you are doing.This is specifically real in the first few months of your business. Because you're simply starting out, you most likely do not have the significant capital to employ employees to do certain jobs. If you selected a business that you do not take pleasure in doing, you'd immediately despise the job that includes it.Even if you have a large amount of money, I would not advise going all-in on a very small start-up business. You can pay other people to do the tasks you hate, but if your business falls short, you surrender all the money you invested.So, in summary, you need to enter a business that you are not going to get tired of.Sounds very easy, right? Yet a lot of individuals are still unclear even after knowing that they ought to do a business that is based upon their personality. Some also aren't sure what sort of individual they are.Do not fret. It is a very usual point. Prior to you enter into an existential dilemma setting, there is an easy method to recognize what business version fits your individuality.Take a business-based personality testThe hardest part of producing a business is choosing which kind you intend to do. A lot of people are stuck analyzing blog sites after blog sites just to provide even more information to decide much better. While it's effective for some people, it might cause information overload, which after that brings about putting things off the decision-making stage.Personality quizzes are enjoyable. I'm most definitely not talking about the preferred Buzzfeed individuality quizzes that identify what sort of bagel you are. You need to discover one that is accurate enough to assist you to choose vital things like what business you must invest in.There's this 2-minute individuality quiz I discovered online that assists you learn what type of internet business finest matches you. It's an uncommon treasure in the internet world, and I extremely advise taking it.It provides you an insight into what sort of person you are as well as which services are best suited for that character. For instance, it recommends extroverts to get in the YouTube globe, which I assume is a wonderful suggestion.You can additionally examine if the business model you're leaning in the direction of today really fits your character. Doing a short test to solve a big problem makes whatever easier.Overcoming the initial 6 monthsThe following hardest part of creating a business is the process of turning your idea into truth. I have actually recognized individuals who understand what they desire, however they always delayed the process as high as they can.The most common factor is fear and anxiousness. What occurs if the business fails? Of course, they lost a great deal of cash, time, and effort. Worse, they might encounter a monetary crisis.However, that worry only exists due to the fact that they are uncertain what business they need to do. If your business design fits your character, you should not bother with the future and simply keep working with your company.Bear in mind that all business types will certainly encounter the same challenges in the first 6 months. However, if you are doing a business that enhances your individuality, you have fewer dangers of quitting early as a result of exhaustion.Sure, some things are out of your control. Yet if you genuinely love what you are doing, minor troubles will not stop you from achieving success.The first six months is perhaps the hardest time. You could not be able to create revenue yet, or you shed a lot of clients. That's a penalty. All you need to do is rely on the process and find even more ways to solve the issues that will come.I found this article the other day, from a journalist who was covering the life of a 26-year-old guy from the UK who made the headings in his nation. He was able to begin a legitimate business in his 20's, by using an extremely interesting business approach.I personally found it very interesting and worth a read. Not necessarily to replicate his approach blindly, yet to understand what steps he required to obtain his business off the ground into motion. I personally discovered a good deal from it, and also perhaps that short article could be of help for you also.The reason why it assisted me so much is that I truthfully really did not know where to start.I was overwhelmed by the amount of random info I was obtaining from every side. This press insurance coverage aided me limit on one approach that others before me carried out successfully.Look at the press coverage and also let me know if it was of assistance to you.Good luck with your business experience!