Here’s a lesson for how you can scale from 1 to 10 to 100+ streams of income.
You cant scale active income because it requires your time and attention.
You can scale passive income, investments, business ownership, partnerships, real and intellectual property and joint ventures
You cant scale active income because it requires your time and attention.
You can scale passive income, investments, business ownership, partnerships, real and intellectual property and joint ventures
Start with a primary source of income which can be a job.
Then move active earnings from that stream into investments and/or some form of business.
The 2 types of business are as follows:
1. Lifestyle business that generate money upfront
2. Growth that may not cashflow upfront
Then move active earnings from that stream into investments and/or some form of business.
The 2 types of business are as follows:
1. Lifestyle business that generate money upfront
2. Growth that may not cashflow upfront
A few Lifestyle businesses are as follows:
1. Consulting
2. E-commerce
3. Info/Affiliate marketing
4. Sales
5. Wholeselling
6. Asset mngmt
A few Growth businesses are as follows:
1. Real estate investing
2. Product/Software development
3. Intellectual property
4. PE/VC funding
1. Consulting
2. E-commerce
3. Info/Affiliate marketing
4. Sales
5. Wholeselling
6. Asset mngmt
A few Growth businesses are as follows:
1. Real estate investing
2. Product/Software development
3. Intellectual property
4. PE/VC funding
It’s nearly impossible to scale a Lifestyle business to 8+ figures without partnerships or acquisitions.
Growth business are growth businesses because they are capable of being scaled to 8-10+ figures.
Growth businesses focus on backend offers, LTV and have higher CACs
Growth business are growth businesses because they are capable of being scaled to 8-10+ figures.
Growth businesses focus on backend offers, LTV and have higher CACs
I go into more detail about this in my book Business Growth Secrets: The Growth Focused Guide.
It goes into detail about what to focus on at the different phases of your business growth journey and how to get to next phases.
The link to it is below.
aoverk.com/gumroad-growth…
It goes into detail about what to focus on at the different phases of your business growth journey and how to get to next phases.
The link to it is below.
aoverk.com/gumroad-growth…
For those who have a business they want to grow but don’t read books, you can join my growth focused email list.
