Begin with the end in mind.
Once I had quit my job, I was faced with a massive task in front of me – building and creating a business, with only the basic framework of an idea of what I wanted that business to look like. At least I knew what I wanted my life to look like. Surprisingly, knowing this is probably the most important part of beginning a business.
Why is knowing that so important, you might ask? Here’s why: the kind of lifestyle you want will determine the business choices you make. If you make decisions without regards to the endgame, you may end up with something that does not facilitate the kind of life you desire. You may in fact, end up with the opposite, and find yourself dealing with a business monstrosity that monopolizes all of your time. Imagine, if you will, creating a business in which you sell wodgets (a distant relative of the widget) and the wodget is both labor and time intensive to make. At the outset, it is likely you will need to make the wodgets yourself. You may be able to sell each one for a high dollar value, but your revenue will always be linked to your efforts. You have to work more to make more, with revenue directly tied to the number of wodgets you can make. Of course you want more money, and you make the decision to hire employees to make the wodgets for you. But now your time is consumed with payroll, managing the employees, dealing with taxes, etc. This does not seem fun to me. For this same reason I would not become a consultant as a primary business. As a consultant, I would be constrained by the hours I could work (non-scalable), and what I want to avoid is any business where you have to work more to make more.
I want to work less to make more.
Not because I’m a lazy person (well I certainly hope not…) but I want to work less so that I have more time to do the activities I enjoy and be creative.
Knowing that, and beginning with the end in mind, what does my business look like? That is an excellent question. So far I know what I want my business not to look like; figuring out the rest is a more difficult proposition.
I’ll keep you updated.






