How To Build a Business for the New World: 6 Must Know Rules

Wealth creation is often associated with retirement planning. One of the biggest problems with this strategy is that it takes to long.

Retirement planning often requires that you work for up to 40 years, follow a nine to five work routine and make regular contributions to a pension fund. At the end of the day you get to live off an income stream called a living annuity, which in most cases is unable to support your desired standard of living.

Traditional wealth creation approaches promote a ‘workstyle’, not a lifestyle.

Life does not have to be hard. You can achieve a great living without:

  • Waiting 40 years
  • Bouncing from one job to another
  • Taking risks
  • Investing in the stock market
  • Having rich parents
  • Top academic qualifications
  • Or subjecting yourself to corporate slavery

The key rests with building a business, but not just any business. Financial freedom is about having the income and time to support your desired lifestyle, which is why you need to build a business that maximizes passive income and reduces effort on your part.

The big question: How do you build a business that supports a lifestyle and not a ‘work style’?

There are six essential rules:

Rule1: Do not focus on becoming a millionaire. You’ll end up working like a slave. You must focus on increasing your income by working less. You cannot sacrifice the one for the other.

Rule 2: Think mobility. Build a business that enables you to run it from anywhere in the world. The reality is a job or boss restricts your freedom to a single area, and if they move you’ll probably have to move, or find another job.

Rule 3: Automate your income. Use technology and leverage (other people’s time and money) to maximise output and minimise your … Read the rest

Build Your Online Business Anywhere in the World

In this article I want to go over one of the most exciting features of building an online business. This may appeal to you and it really did appeal to me.

I titled this article build your Internet Business anywhere in the world as an attention getter. It very well could have been about building your business on the internet in France. Or build your online business in South Africa. Or build it in the Cayman Islands.

The idea you could develop an online business anywhere in the world is an interesting concept not possible 15 years ago. It might not have been possible even 10 years ago.

Anywhere there is an Internet connection today you can live an build a business of your own on the internet. Certainly some areas of the world will have faster Internet speed than others, but as long as you can get online you can make money.

Phil Wiley has been building an Internet business from a mountain in Australia since the beginning of Internet marketing. At one time he was the king of mini sites and is able to live and build his business wherever he wants.

There are numerous examples of people who wanted to travel and now do it thanks to their business on the Internet. Think about this for an exciting possibility.

You get up every morning and work online for two to three hours. Then you go out and sight see and do whatever you want throughout the day. You come back and spend another two to three hours in the evening and your day is complete.

Maybe you do this for a couple of weeks and then decide to move to a new area. You repeat the process over and over working wherever and whenever you … Read the rest