HOT NEWS! TRADITIONAL BUSINESS TIPS & RESIDUAL INCOME

Hi! Welcome to my channel! Thank you for watching this video, and for following the search for a perfect career. I have talked about four out of the five careers I know of in the world; blue-collar, white-collar, sales, and investing careers. In this video, I’m talking about the fifth career, traditional business ownership. Stay until the end of this video, and I bet, you’ll never regret it. Who is a traditional business owner? This is a person who’s the boss of his business. He builds his own business. Look at this scenario; a man from a humble background built his business with little money the family sourced for him. He worked so hard, toiled, struggled, and the business was successful. He bought cars, built houses, bought properties, and was living a good life. It’s an exciting moment. But then something happened, he lost everything and was living in past glory. Guess what? If that business were such that created residual income, his family would have continued to benefit from his efforts. Never allow your good story to end with you. This is why you should not waste time grabbing any business opportunities that can create residual income. The economy has changed, we have left the old economy where only one person can run a business from start to finish until age throws him out, and the business is inherited, managed properly, or mismanaged. We are now in the new economy where the success of a business does not require individual effort alone. Let’s face what the reality is for most people in the traditional business; firstly, they use their life savings, some borrow money from their family and friends, and to start a big traditional business, money runs in millions of dollars (fix your country’s currency). Secondly, in traditional business the boss is everything to all people, the accountant, the negotiator for purchases, the salesman, the secretary, just name it. Thirdly, if you own a traditional business, the business owns you, do you know why? The business is tied around you; it’s no hard work no pay stuff, the moment you cease to work hard, your income drops, and you’re training your competitors. For example, you have an apprentice who after learning the business would establish his own, and begins to lure your customers. Now, let’s look at it from another angle, if you become successful eventually, did you stop putting in activities the moment you recorded success? Of course, no? so, it’s a lifetime hour of hard work and stress. However, for some people, their business drops, their income drops, and their activities drop the moment aging sets in Remember, one of the attributes of the perfect career is time freedom. Can a traditional business owner travel on vacation while his shop is under lock and key? Another question is, can a traditional business provide the perfect career. The answer is, no, it can’t, it can’t provide the attributes of a perfect career. So, the search continues. Subscribe to my channel for my videos. Give this video your thumbs up if you like it, and please do like it. Thank you!