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Why Now Is The Riskiest Time To Own Your Business

Most people think of starting a business as risky, but unless you invest a significant amount of start-up cash in your venture, you’re not really risking much other than your time. That changes if you’re lucky enough to get your business off the ground. As your company grows, you start to risk more and more of your wealth because the…

3 Things to Consider When You Hit Your “Freedom Point”

When was the last time you calculated the percentage of your net worth tied to your company’s value? When you started your business, its value was probably negligible. Unless you purchased or inherited your company, it wasn’t worth much when you opened your doors, but over time, the proportion of your assets tied to your business may have crept up….

You-proof Your Business

Making your business less dependent on you has a number of benefits: you can scale your company more quickly if you’re not a bottleneck; you get more time to enjoy life outside of your business; and a business less dependent on its owner is much more valuable to an acquirer. Pulling yourself out of the day-to-day operations of your business…

Surprising ways companies like Netflix & Amazon conduct market research!

Companies like Netflix and Amazon are leveraging the subscription business model to discover what their customers want next. I imagine that 90% of you reading this have experienced the precision of Amazon or Netflix processing your habits. And, believe it or not, this precision is available to most of you! In a traditional business, the customer buys your product or service once,…

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