There are many types of business primary, secondary etc… but I have just had a thought about other “types” of business and felt it useful to share.
In the most part a business is about creating a device to provide a product or service and make a profit from it, however it goes a bit further than that. I feel it’s important to make a few distinctions.
1- Job - not a Biz - Turn up - do work - go home - repeat.
2- Low level Biz Operator - as above - not much scope to get ahead - Some franchises can feel like this.
3- Low level Biz Owner - Some growth as the biz operator gets some leverage by having staff do the work, with input from the owner.
4- Mid level Biz Owner - Better growth limited input to the biz as the staff do it all with a manager in place or similar - perhaps develops other businesses or franchises of one business.
5- Upper level Biz Owner - As previous but developing assets to utilise the growth’s potential.
6- Top level Biz Owner - Utilises others to do the work, from developing more assets to creating more businesses.
Which level do you want to be at and what will it take to get you there? Notice it’s all about growth and profit leading to leverage, with leverage you can do more. When you learn the skills and mindset required to do this you get to play at a new level each time learning more skills and mindset tweaks to assist you. Note at each level and with more leverage you can assist more people, develop greater security and achieve more.
In the most part a business is about creating a device to provide a product or service and make a profit from it, however it goes a bit further than that. I feel it’s important to make a few distinctions.
1- Job - not a Biz - Turn up - do work - go home - repeat.
2- Low level Biz Operator - as above - not much scope to get ahead - Some franchises can feel like this.
3- Low level Biz Owner - Some growth as the biz operator gets some leverage by having staff do the work, with input from the owner.
4- Mid level Biz Owner - Better growth limited input to the biz as the staff do it all with a manager in place or similar - perhaps develops other businesses or franchises of one business.
5- Upper level Biz Owner - As previous but developing assets to utilise the growth’s potential.
6- Top level Biz Owner - Utilises others to do the work, from developing more assets to creating more businesses.
Which level do you want to be at and what will it take to get you there? Notice it’s all about growth and profit leading to leverage, with leverage you can do more. When you learn the skills and mindset required to do this you get to play at a new level each time learning more skills and mindset tweaks to assist you. Note at each level and with more leverage you can assist more people, develop greater security and achieve more.
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