Tag's: financial freedom

Achieving financial freedom from your lifestyle business Part 3

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
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Achieving financial freedom from your lifestyle business Part 2

[caption id="" align="alignnone" width="183"] financial freedom[/caption] OperationsBusiness 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 assetsIncrease customer satisfaction by improving processesGenerating recurring
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Achieving financial freedom from your lifestyle business Part 1

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 $10millionsUgo.com - $100
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Developing your Financial Independence Budget

Some lifestyle entrepreneurs have no problem projecting their income and expenses to come up with a budget. However, developing a financial independence budget is one issue most lifestyle entrepreneurs do not address.  Previously I talked about how to create your business project by predicting your level of activity. This time I am going to discuss how to create your personal budget based on what you plan to achieve on your
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Two Success Strategies for the Lifestyle Entrepreneur

What does it really take to become successful as a lifestyle entrepreneur?There are 2 widely used strategies most entrepreneurs use to build their business namely:Time: As a lifestyle entrepreneur, you start out with very little resources and will need to start small by providing services and products that are very inexpensive to start. Over time these resources bring in value to the system that can be used to create
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