If all your friends are plantation slaves, you probably don’t think things are too bad. And most entrepreneurs are owned and controlled by the very businesses they created! Here’s a question to ask yourself in a quiet moment:
- What do I need?
- Whom do I need?
- What and who controls me?
Michael Gerber teaches us the “The E Myth” to systematize one’s business so that you can leave it for extended periods of time without everything collapsing. It takes time to establish that, but we should all be working on it.
How a Guy with a Hundred Companies ALSO has Free Time
This is where Joint Venture Broking comes into play. By diversifying your marketing, income sources, and operations, you start using your brain instead of your brawn. By leveraging the resources and time of others, you become the Chess Master, the Strategist, the Brain. You control and manipulate and think, while other scurry around selling and persuading and begging and serving. Jimmy Pattison is a billionaire in British Columbia who owns over a hundred companies, and yet he has plenty of spare time. Then you meet a self-employed, broke salesman who pretends to be an entrepreneur and has no time and no money, but is an expert at playing the cash flow game.
- When you find yourself controlled by one person, one product, one market, or one system, immediately start working on diversifying, duplicating, and establishing alternatives and additions.
- If you use your time, it should be because you genuinely have no alternative – you are the only person who can do what you’re doing – for now. Slavery steals your peace of mind, time, money, and freedom, and most entrepreneurs endure severe slavery while claiming independence.
- Get an assistant, outsource, and start acting like a real business owner.
- Play the “What If?” Game. Create Succession Plans, prepare for the worst case scenario, and look at your Bottom Line, not your sales.
- Leverage is power. Wikipedia says, “Leverage is related to torque; leverage is a factor by which lever multiplies a force. The useful work done is the energy applied, which is force times distance. Therefore a small force applied over a long distance is the same amount of work as a large force applied over a small distance. The trick is converting the one into the other.” That “trick” is Joint Ventures.
Use this Suggestion & Operate with Your Eyes Wide Open
I know someone who is absolutely controlled by his “Joint Venture partner”, works his tail off, has no time to call his own, has all his eggs in one basket, loses a fortune of lucrative back ends which he refuses to accept, and yet believes he understands Joint Ventures. He has no idea.
Most businesses operate on about 10% of their potential profit, and DollarMakers Certified Business Mentors help business owners to dramatically increase their profits using the power of Joint Ventures. To apply for a complimentary consultation with a Mentor, e-mail me at robin@jvblogger.com with your details and questions.
