What's Your Destination (Destiny)?

Let's get down to business.

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As you know, the first step in one's business or entrepreneurial journey is to first decide where you want to go and how fast you want to get there... what's your destination... what's your goal for this business plan/journey? Once we know this we can quickly build the customized game plan that takes you there.

I have a little Boston, San Francisco, Miami plane story that I tell in seminars I do, where an individual gets on the wrong plan and ends up at the wrong destination. Well I don't want you to get frustrated, bewildered and give up on your dreams because you put yourself on the wrong "plane" by mistake and wind up in a destination you didn't think you we're going to.

So, where are we going... or more to the point, where are YOU going?

And, how fast do you want to get there?

Let's figure out the answers that are right for you. Regardless of where you want to wind up and how fast you want to travel, whenever you start anything new, you still need to crawl before you can walk and walk before you can run.

So by determining first what your definition of "Running" looks like, then we can work backwards and "reverse engineer" an exact step by step action plan that takes you quickly and easily through the crawl and walk stages (at a pace you're comfortable with) so you wind up running as you envision.

Ok, here are 3 basic types of action plans to get your brain jumpstarted. As you go through them think about which one fits (or could be adapted to fit) you best...

1. A "Hobby Income" Plan -- This is where you create a little extra spare time cash to supplement your primary income... like an extra $500 to $1,000 bucks a month to cover a car payment or to just have some extra cash in your pocket. The minimum time you should block out to execute this type of an action plan is 5 hours a week for about 2 months to get to the RUN stages with this plan... and if you want to "fast track" the process block is about 10 hours a week for 4-6 weeks.

2. A "Quit Your Job" Plan -- This is where you build a business that produces enough income to replace the income you get from your current job and gives you the joy of firing your boss... this usually ranges in the $3-5,000 a month range. You're not rich yet but you are living life on your terms. The minimum time you'll need to commit to accomplish this is 10 hours a week for at least 6-9 months... now, that doesn't mean that you won't earn any money for 9 months... on the contrary, you can start earning from the very first month, but to build a business to the point where it will support your current lifestyle does take more time than to just build a "Hobby Income" type plan. Here again you can "Fast Track" the process by putting in some more time... like 15 hours a week.

3. A "Freedom For Life" Plan -- This is about building a self-sustaining business model over a period of time that provides a nice living month to month but AND is built in a way that it provides that income regardless if you're actively working on your business or not... this obviously takes a longer time to reach but the rewards are much greater because not only do you make nice fat juicy $10-15,000 (or more) monthly checks, but at a certain point when you've built your business the right way, you can walk away and because your business is a true asset and those checks continue to flow to you month after month even if you're on a lifetime vacation... this plan is about doing the work once, but getting paid for it forever. Now, obviously, this takes a bigger investment of your time to achieve (like 10-15 hours a week for 18-24 months or longer), but it IS worth the extra effort because of the freedom, wealth and prosperity you get as a result and just like with the "Quit Your Job" plan you still can start making extra money from your very first month at it.

Which plan is the "right" one? That's totally up to you. There's no right or wrong answer...

Maybe the "Freedom for Life" plan is what you find most appealing, but right now because of your personal situation the "Quit Your Job" plan is only as far as you can see for yourself right now. No one but you can decide that for you... it's your call.

But here's what you DO need to be careful of: and realize that a certain set of realities/rules apply to achieving each of the 3 different plan types.

So if you think you'll only put in 5 hours a week for 1-2 months (the rules for the "Hobby Income" plan) and then expect to have the income and lifestyle freedom that goes with the "Freedom For Life" plan... you're setting yourself up for failure and extreme frustration because there's no such thing as something for nothing. (I know some of y'all don't hear me.)

Which plan rings the most true for you to start with? When you reviewed my description of each plan, was there one that just felt better than the other to you right now? Be honest with yourself and one should jump right out at you.

 

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Posted in Health and Medical Post Date 02/11/2020


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