How Do I Get More?
Donna Hover 
Growing your job into a business is a daily challenge. Growing your business is an adventure. It is an exciti, exhilarating, and a winning adventure
How Do I Make More Time, Money...? See this article: Start or Buy a business?
As they say, Start with the end in mind. How much do you want to make? How much do you want to work?
Do you have something someone wants to buy? Such as Market Share? - This has value!
If you’re not thinking of selling your "market share" one day, you don’t have a business - you have a job or a hobby. See our article at: What is your business worth?
Having a business is building something of value. If the value is only to you, then it is a job. If the value is to someone else, then you have a business. Now, how do you organize the activity so it can be duplicated? Duplication is where the money is made. "We print money!"
Entrepreneurs are starters. They enjoy being different, being “one of a kind.” They like to break the rules or cause disruption. This activity takes time; time is money. This is where Investors come into play. These investors are looking for something they can duplicate and scale. They want a percentage of the growth.
If you don't want investors, YOU must make a business from your idea. Most ideas bump along and are lucky if they turn into a “Lifestyle” business. Struggling every day to make a living. Yet, you get to work when and how you want and at the price, you will accept. At the end of the day or when you’re finished with it, what is your business worth to the next person?
Do you have a better life running your own business or working for someone else?
The challenge is turning your job into a business. You must implement systems/processes to do your job so that someone else will someday buy your business, your piece of the pie (market share).
This duplication activity is what makes a business.
The myth is that “if anyone can do it, then everyone will do it.” This is NOT true!
There are two types of people in the world: Buyers/Sellers
Here are the key differences between them:
- Intent:
Buyers: They intend to acquire a good, service, or asset in exchange for money or other forms of consideration.
Sellers: They intend to sell a good, service, or asset in exchange for money or other forms of consideration.
- Role in Transaction:
Buyers: They initiate the transaction by expressing interest in acquiring the offered goods, services, or assets.
Sellers: They respond to buyer interest by offering goods, services, or assets for sale.
- Ownership:
Buyers: They acquire ownership of the goods, services, or assets purchased after completing the transaction.
Sellers: Upon the completion of the transaction, they transfer ownership of the goods, services, or assets being sold.
- Goals:
Buyers: Their primary goal is to obtain goods, services, or assets that satisfy their needs or desires at the best possible price and quality.
Sellers: Their primary goal is to sell goods, services, or assets at the best possible price and to maximize profits.
- Decision-making:
Buyers: They decide based on price, quality, availability, and personal preferences.
Sellers: They decide based on pricing strategies, market demand, competition, and production costs.
- Risk:
Buyers: They bear the risk of dissatisfaction with the purchased goods, services, or assets and any potential defects or issues.
Sellers: They bear the risk of market fluctuations, changes in demand, and potential losses if goods, services, or assets do not sell as expected.
In summary, buyers seek to acquire goods, services, or assets, while sellers aim to sell them. Both parties play crucial roles in market transactions, with distinct goals, motivations, and responsibilities.
Are you building a business someone wants to buy? Or do you have a job?