A viable service or product has to exists that customers will invest their money in.
Let’s be practical about the procedure of getting freedom and prosperity. Here’s the dirt-simple method. All steps are necessary:
1. Innovate or get control of a product/service which has value to others
2. Cautiously analyze the inner workings of the product/service, and figure out a method to outsource its production
3. Proceed to making the product or service – and to the marketing/advertising of it – as effectively as you can
4. Individually become expert on continuous maintenance and off-site management, while continuously looking for new offerings
Here’s where way too many born-once-again New Mobile Lifestyle fanatics fail: They focus on enormous enthusiasm and after that, as though that enthusiasm was enough, fill the first step with a fresh service or product that's of marginal quality or is usually unproven. Not really putting the required focus on step one to be able to hyper-focus on the procedure steps – actions 2 through 4 – guarantees failing.
But with a change in big picture thinking, here’s great information for anybody who’s starting without a tight service or product: A pre-existing, conventional, static-area “boring” business can be madly profitable…and in the event that you select the right endeavor and so are wise, you won’t need to be present every minute to control things. Folks are pulling this off at all times, everywhere around you!
Choose a proven service or product and systemize things correctly, and your possibility of finding freedom rise exponentially. Don’t presume you have to create a fresh item from the get-go. Innovation in the real world generally comes along spontaneously after an extended and deep submersion in a specific field. It’s difficult to shortcut the truth of that fact. Show patience.
A good chance exists that the best opportunity is located in your backyard.
Specifically in this down-economy, there exists an array of existing services and products which are under-developed and under-sold: business services of different kinds, restaurants, retail stores, recreation services, publishing, little products, services that are special to narrow markets, and on and about. Just look around for an already existing business that's struggling because of weak leadership, includes a decent service or product and has some money flowing in. Be certain it’s a business that won't permanently require you being present and which has recurring revenues and recurring procedures. Think in the way of systems.
It especially impresses me personally how many companies are inefficiently led & managed. Understand that in any five year period, 80% of most businesses walk out of business. It really is here where the chance lies. Secure 1 among these marginal businesses before it breaks down and systematically fix the issues in it. My speculation is you'll find one very close by.
A struggling business comes with a frail baseline. This means it will be accessible to you for little if any down-payment.
How about you? Have you got a viable service or product? If the answer is no, escape your head and begin poking around the town. There are opportunities in all places.