Guerrilla Wealth Tactics

Now that you have your financing in place for your Million Dollar Idea, (last week’s blog)
Let’s talk about the last three Wealth Tactics of the Rich and Successful.

GWT #8, 9 and 10

8. Be Focused vs. Scattered
Time must be focused:  Pour your energy in one business entity First,
then diversify after making your money in that one area.
PICK ONE AND FOCUS!
     Tip – “Opportunities,” can  become obstacles, thinning your focus from what’s truly important.

9. Systemize
“A repeatable process that produces a profit”
     Tip – Set up the business so it can run without you, systemize the processes.
The goal is to turn your business into a package or system that can be run by anyone.
Once this is accomplished, now you can consider an exit strategy
Selling your business, Working less time, Delegating more of the day to day activities, Etc.
The rich are paid for their value, not their time.

10. Start Your Business To Sell Your Business
“An Exit Strategy”
After Systemization: Sell it, Pass it on, or Passive Management.
Tip – Make sure you have good advisers when you sell.
Evaluate any offers, The first is usually the one to consider most seriously.

Tip 2 – Never put your name on the business.
These are very hard to sell unless you have a DBA to sell with the business.

This will round out my top 10 Guerrilla Wealth Tactics and I trust you have
been able to vet some Golden Nuggets from this series of blogs.

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Finish Quarter one strong and start planning to hit the ground running April 1st.

To your success,

Tony Chalupnik

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click here: LofholmTraining.com