“I’ll be happy once I sell my business for millions!”
STOP. RIGHT. THERE.
That kind of thinking is a recipe for misery. Here’s why:
- The big cash-out is RARE
Most businesses don’t end with a massive payday. Shocking, I know. - You’re playing the lottery, not building a life
What if that payday never comes? 5 years wasted? - There’s a smarter way:
a) Envision your ideal life in 20 years
b) Build a business that supports THAT vision
Three paths to consider:
- The Cash Flow King
- Steady income
- More control
- Work-life balance
- Example: Service business, 20hrs/week, location independent
- The Serial Builder
- Love the 0-to-1 phase
- Hands-off after initial setup
- Advisory role
- Example: Build, systemize, step back, repeat
- Swing for the Fence
- Raise a lot of money
- Great for workaholics
- Will probably fail
Ask yourself:
“If I had to live the same workday over and over, what would make me truly happy?”
Your business should be a vehicle for your ideal life, not the other way around.
A miserable multi-millionaire is still miserable.
Choose wisely.