You’ve convinced me. You’re right… I’ll adopt this perspective. I’ll make sure and integrate this perspective into my business system. Again, you make a very thorough case and the only way someone could disagree with that is if they just simply wanted to organize their business differently than I do. But because I want to organize my business for a passive income, what you have said here is the advice I need to take. Thank you very much!
I sorta agree but with regards to security, money is security. There is no security working for a small company, with lots of competition, no patents, no war chest of billions they can fend off loses for a few years. No window washing company, or any small service company is anything like google. They WILL dominate till their patents expire, and then they will likely still dominate by presence and the power of tens to hundreds of billions in revenue.
A landscaping company, the owner can get divorced, get into drugs or gambling, a car accident to the owner, and the whole thing folds and 15 people are jobless in a year.
emyth is good/great. My rich dad is kinda corny, i read it RIGHT when it came out 12-13 years ago. My dad bought it and liked it, i have a degree in business administration and was not impressed.
In about 2 years after it came out there was allot of web sites saying it was a total scam, the neighbor that took him in under his wing did not exist, and robert made NO money doing anything till these books took off. If i recall correctly it was on oprah. Then it was off to the races.
Before you take any kyoshi stuff to heart, search on rich dad poor dad scam, and stuff like that. Read a bunch of it.
The rich dad poor dad if i had to name a good thing is it puts people in the mindset of making money, and makes them think they do not have to be old money, connected etc to do it. Its not a back room at the country club, that once you get it, they all have a secret handshake and then your are rich for life.
Keep in mind a large company does not care as much about its employees. They lay off and rehire all the time. Their employees are just numbers. No job is ever secure. That said For me I look more at how professional a company is run than how big it is. A small but excellent run company can last a storm better than a large unorganized company. A small company has less overhead and is more flexible which can make it easier to adjust to the ups and downs of a fluctuating market. I saw a lot of guys get laid off who worked fro large companies in the last 2-4 years, but my "little company is still going strong! Some of those guys I know are working at home depot for $10.00 per hour or a comparable job, still shell shocked because they can;'t seem to resurrect there former salary no matter how hard they try.
My father in law was making $250,000.00 a year 2 years ago as a curtain wall designer on some of the largest high rise projects in the world,until the company decided to hire younger newbies for probably a third of the cost. he was out of work for 6 months burning through his savings. Now he has a job but he makes a lot less.
Besides that, for me its all about where does God want me at that time. God sustained a widow through a major famine by never allowing her pots to run out of oil supernaturally. God can sustain you using a big or small company
My only point was that there are alternate motivating factors besides money. Not saying money is not important but it’s not the only deciding factor.
Any good start up should have a succession or exit strategy. The basis of working in the business to ultimately run it passively under management, franchise the idea or sell the business at a trigger point is all part of the journey. The fact is the journey should have a defined destination or you are surely going to end up somewhere you didn’t intend on going.
I dont know a lot about books that tell us about emyths and poor dads but there is no substitute for a good idea, hard work, honest efforts and ethics and fair dinkum crack.
Treat people with respect and not as idiots and you’ll get back in spades.
Systems are the most important commodity in a managed business and then you need to be prepared to be disciplined to administer and maintain them. McDonalds are a test case for great systems and employers now prefer kids that have flipped burgers than those who haven’t because they know these guys have been exposed to systems.
Hi i am also in the same boat. I have around 650 mostly dommestic customers and want to move myself back from working a bit as im getting some shoulder issuess and want to focus on other things now. But to be honest i dont have the foggiest of how to start. Im just a cash business with one worker right now. Any tips would be much appreciated.
Joe
I prefer the slave-driving type of business model. If you pay window cleaners well, they can develop a sense of self-worth that needs to be avoided at all costs. Better is to have them think they’re worthless, and that they couldn’t possibly find a job anywhere else.
