Business Mindset
- Ghanta Theory
- How to raise Capital from 0
- Intelligent Entrepreneurs Vs Average IQ entrepreneurs
- Difference between Good Business Vs Bad Business
- Self Employment vs Entrepreneurship vs Business Ownership vs Investorship
- Win loyalty of your Employees
- 3 Loops of Entrepreneurs life
- Understanding Jumping Chooza
- Understanding Ghareeb-o-Lachar mindset
- If you are lazy, Ill-disciplined and love sleeping
- Understanding 40 – 20 rule of Partnership based on your age
- Science of buying Employee’s loyalty
- Right way of setting up partnership
- 3 Reasons of Tangdasti
- Degree vs Money making skills
- Secret of my success, My Naseeb, Wisdom and Art of giving
- Understanding lack of moral and ethical values
- Art of selling without selling
- Mehangi Zameen, Sasti Zameen, Moti Boti and Choti Boti
- Taking Fair Advantage
- New vs Established Business
- Understanding Naseeb ki Larriyaan vs Muqqaddar
- Intelligent and Hardworking people never make money
- What should I do first in sequence? PL, WS or FFL? And why this sequence is so important?
- Cash Flow Strategy For Those About To Go Bankrupt.
- How to gain experience when no one offers you job?
- Don’t Complain | I am helpless and No one wants to help me
- Kis ka Manjan khareedein? Manjan tou lena peray ga.
- Small vs Midsize vs Large Scale Business from Amazon’s perspective
- Meri qismat phooti hoyee hay Understanding Beywaqoof vs High Intellect Beywaqoof.
- Understanding First Money, Second Money, 2 Income Streams
- How To Gain Experience Initially
- ZZZ – Zan Zar Zameen
Difference between Good Business Vs Bad Business
Any business that consumes less hours and it is flip-able/Sell-able/Transfer-Able is called a good business. Whereas any business that requires more hours (Your Ghantas) and is not sell-able, not transfer-able, not flip-able is considered a bad business. In this case you should call yourself self-employed. Not business owner because any money making activity that requires your hours is considered a self-employment regardless how many employes you have.
So ask yourself this question. What kind of business owner are you? Are you able to sell your business to someone today? Are you able to transfer ownership of your business/Money making process to someone in a flip? If your answer is No, then it means, you have a bad business. You don’t own a good business because a good business is always like a tangible asset which can be flipped, sold or transferred from one hand to other hand against goodwill money.
Majority of people don’t even understand the definition of good business vs bad business. They are confused. They have wrong assumptions. They work hard 14 hours a day and make good money and assume themselves to be business owner where the fact is opposite.
Now your next question would be. So how do I transform my bad business into good business? Well my answer is, I don’t know since every business is different. I can’t give solution specific to your own business but all I can tell you is the definition of Good business and Bad business. As long as you understand this definition, I am very sure, you will find solutions yourself. I am very sure once your concepts are clear, you will start working on building more automation in your business + lessen down your working hours + making it more structured, well organized with processes and work flows to make it more like a tangible asset that can be sold later. As long as you able to transform your money making activity into a tangible asset, you will finally consider yourself a business man.
And this is the reason why I love Amazon FBA becuase it is very much like a tangible asset which can be easily flipped, sold, transferred and yet occuping least amount of your hours and that is the reason it is called a very good business.