What Is The Right Type Of Business For You?

Recently after completing the book How To Make A Living Without A Job by Barbra Winters I realized the following information:

Types Of Businesses

1. Information Packaging -> Books, Videos, Lectures

2. Professional Services -> Consulting, Tutoring Guidance, Uber, Restaurants

3. Seasonal -> Skiing, Surfing, Holidays, State Fairs

4. Rea Estate -> Land Lording, Leasing, Renting, Renovating

5. Mail Order -> Online Ordering To Your Mailbox

6. Marketing A Product -> Only Ones You Love

7. Investing -> Stocks, Bonds, Other Companies, Yourself 8. Blogging -> Advertising, Sponsorships, Paid Reviews 9. Corporate -> Working for a big company; could do any of the above

These are just a few that I was able to pinpoint if anyone can think of any other general overarching type of business let me know in the comments and I will add it to this list!

Each of the above offers a different type of business and some have completely different models depending on which type of business you decide to start.

Things To Keep In Mind

Only start a business that you would be the first customer for.

Know exactly how your business operates.

3 Things To Get Started:

1. A Product

2. The Right Advertising In The Right Media

3. A Plan For Expansion

There are many business models some are:

Freemium

Rent to Own a product with payment plans

Subscription

Buy Once Lifetime Guaranteed

Planned Obsolescence

You want to clearly define your audience.

Who is your ideal customer?

In terms of Lifestyle Design the choice of what business your in matters immensely.

Having things to do in some businesses limit you in various ways such as you cannot travel the world, you cannot afford the things you truly want to have, you think you don't spend as much time with your family as you should because of your choice into which business you were going into.

You choose your business like you choose your wife.

You want to be comfortable with what you do 24 hours a day 7 days a week 365 days a year.

You are essentially married to your business after a certain point.

Most people spend 10, 20, 50 years doing the same thing for a living.

Why not design your life so that what you do for that long gives you joy each day, affords you all of your material wants and needs, enables you to have enough time for your family and friends, and more.

You are designing your life so you would have to figure out what type of business based on the above and beyond the above that would work with your life.

You then want to start habits based on your business choice that will enable you to live the life of your dreams consistently over time every day.

Just something that may help you design your life better in the future,

Lux