Scalability

We talked on Monday about the need to build your company out so that you’re doing more earning, and less working. One of the most important factors to consider when choosing a business venture that will quickly get you where you want to be is the notion of scalability.

Originally an electronics term, scalability is the capacity of a system to handle increased traffic – to “scale up,”  so to speak. It’s easy to see how the term came to be applied to business as well. And what an important term it is! In a business…

Don’t Work – Build

You might think  you’re getting into business for yourself to pursue your dreams. Finally, you think, you’ll be doing what you love and working for yourself, and you’ll be happy.

You might even be right.

Unfortunately, odds are good that you’re not. Even if you’re getting into a business that you’re passionate about – which you should be, if at all possible – working at anything for 18 hours a day, seven days a week is a surefire recipe for overwhelming yourself, no matter how much you love the work. And when you get overwhelmed, you get tired. You get stressed. You…

Making The Most Of Your Smartphone

Maybe you don’t have a smartphone. If not, this is your day off. Go out and have a beer or two and ruminate on the simple, unencumbered life you’ve chosen.

For the rest of us, put the phone down for a minute and take a look at this article.  A smartphone is a powerful device for productivity – and equally as powerful a device of distraction. If you’re anything like me, you find it hard to ignore the blinking notifications, the buzzing ringtones, and the gleaming new apps. Nothing derails a conversation or a meeting faster than a wayward phone,…

Saying Goodbye

Today marks a bit of a sad day for my team and I, as two of my team members say farewell and step out onto their own paths to independent financial success.

Tim, who I wrote about here, and Shane, who has worked as a content provider and has been an excellent source of ideas (and the vast majority of pop culture references) found across this blog, are leaving us at the end of this month to pursue their own Personal Independent Earnings with their own…

Always Have A Backup Plan

Since I began my time on this blog, I have (for the most part) always tried to take the optimistic view. And with good reason, as that’s how I feel. You are going to succeed. It is not a matter of if, it is simply a matter of when. But I like my optimism with a healthy dose of pragmatism, and that’s something we’ll touch on a bit today. After all, when is a pretty vague time frame. It can be a pretty long time.

Getting a business off the ground and making it successful is a time consuming endeavor. It…