Revisited! How to Pick Your Ideal Business Model

In today’s episode Paul throws back to #020 of the podcast to cover picking your ideal business model! Paul found himself bouncing course to course, model to model – following those ‘shiny pennies’! Through working hard on himself and gaining more self-awareness he discovered how to get out of this trap. If you get it right the first time you won’t need to make the same mistakes he did. Tune in today for some invaluable tips on how to choose the right business model for you!     KEY TAKEAWAYS If you had unlimited time and money was no object what would do, what you spend your time doing and how would you do it? Many people can be sucked into a business that doesn’t work for them, they can become a shadow of themselves as they are not spending their time the way the want to – it can become very unfulfilling and lonely. Why do you want to start your business? Knowing this will save you a lot of pain further down the line and stop you investing time and resources into a business that isn’t right for you. If you know your why and your purpose in life then you are already half way towards picking your ideal business model. Spend the time figuring all of this out and you will start and choose a business that will fulfil you and make you happy. There are so many different business models, do you have the resources to start the business you want? Do you have the time required?  It’s important to understand and assess what resources you have so that you don’t try and start something you can’t realistically achieve.       BEST MOMENTS “Sometimes it’s not about looking at others and thinking I want what they’ve got, what you want is time, what you want is financial freedom”   “If you understand your why, your purpose, your passion, that shines through your product and your services”   “Most of us, we underestimate what we can do over a long period of time and we overestimate what we can do over a short period of time”     VALUABLE RESOURCES BulletProof Business Podcast   ABOUT THE HOST Paul Abercrombie Entrepreneur, Speaker, and Founder of Multiple Businesses. Paul is on a mission to help business owners and Entrepreneurs achieve success. "In 2008 I left my full-time job to follow my dream of owning my own business and building a better life for me and my family. Since then I have started 12 businesses, generated millions in sales revenue and employed hundreds of people. I have also had some epic failures, made many mistakes and it’s my mission to ensure other can learn from my experience, avoid the mistakes I have made and achieve success in both life and business!”   CONTACT DETAILS Paul Abercrombie LinkedIn                   See omnystudio.com/listener for privacy information.