Financials

The Asset versus the Transactional Model It is possible to monetize on just traffic alone without building a customer list. However, this is transactional and has no way of recreating revenue in the future. One of the characteristics of an asset is the ability to generate future revenue. So gaining revenue from traffic alone is just an automated version of receiving money directly from your customer. The best way to

[caption id="" align="alignnone" width="183"] financial freedom[/caption] Operations Business operations are all the tasks required to produce value to the customer. Business operations is the way we execute our business model. A business model is how a business captures, creates and delivers value. The 3 main goals of business operations are as follows: Acquire assets and increase the value of business assets Increase customer satisfaction by improving processes Generating recurring

A lifestyle business is normally set by the founder to support a preferred lifestyle. In the past, life style business owners were seen as people who were not capable of making any type of serious income. However, this impression is changing as serious players like Pat Flynn and John Lee Dumas who net over $50,000 per month. Take a look at these sites that sold for over $10millions Ugo.com - $100

If you run your business as a corporation or a LLC you can choose to become an s corporation. The benefits of becoming an s corporation if you are a corporation, is the elimination of double taxation. As an s corporation you pay taxes on all profits and pay taxes again when you pay dividends. If you are a LLC taxed as a sole proprietor, the benefit of being taxed

Scenario 1 You believe when one person gets something it takes away from something you could have received You are either very competitive:  you are either always looking to take what someone else has created because you believe that is the one wealth can be built or You give up easily as you see no reason to try or you are afraid of stepping on someone else’s toes. You find