Warren Buffett said: “I could end the deficit in 5 minutes. Just pass a law that says any time there’s a deficit of more than 3% of GDP, all members of Congress are ineligible for re-election. Now you've got the incentives in the right place.”
Do you agree with him?
Hope, while a powerful emotion, is not a strategy for business success. It's crucial to set your sights on tangible goals and take action. The work must be done, and progress must be your intention. #finfitology#MIGProfin
The bar is set lower than you think in terms of getting started. You simply set up a way to receive payment, provide products/services, and receive payment. Does not mean a low bar for quality of work.
Entrepreneurship is jumping out of a plane and building the parachute on the way down. Building your business outside of your 9-5 pays for that parachute. Some become less dedicated, knowing they have security. Some become more dedicated, desperate to escape their 9-5.
Here are three lessons I learned in my first three months in business. I began a bookkeeping and consulting/advisory company to work alongside need-based businesses.
Get specific on your why for buying businesses. I wrote earlier that the bigger picture thinking I will be instilling in my son is about leverage, not to become anyone's leverage. I want to one day think of a friend or family member and know which business I can match their skill
Alex Hormozi, the man of the hour when it comes to building businesses, talks about the Power of 100. It is committing to one action for 100 days in a row.
That means dedicating 100 minutes daily, for 100 straight days, to writing about a CPA's perspective on financial fitness
Why? To get really good at writing regularly, become known as an expert in financial fitness and building businesses, and make friends with many people in the space.