Money used to be a way to store energy; now, it represents future productivity. This might be a novel concept for many, but looking at money in this way can transform the way you build generational wealth for your family. To understand this concept, we have to first look at the history of money. Before money, people used to barter goods and services. Wikipedia defines barter as a system of exchange in which…

“An entrepreneur is someone who will jump off a cliff and assemble an airplane on the way down.” ― Reid Hoffman, Founder of LinkedIn Most founders will rarely feel like they are assembling the plane on the way down the cliff. Becoming an entrepreneur is actually a very easy step, at least in the United States. …

I am often asked, what is the difference between starting a startup and starting a small business? The difference is the same as being the first minute to run a mile in under four minutes and being the hundred’s person to run a mile in under four minutes. Let me…

Many business owners believe that all they have to do is make a great product, and then customers will follow. Successful business owners understand that there are key metrics that will make or break their businesses. — The first vital metric is Life-Time Value (LTV) of the customer, also referred to as Customer Lifetime Value (CLV or often CLTV), or Lifetime Customer Value (LCV). While calculating the future value of the customer can get complicated, we will keep it simple. …

Many of us want to be our own boss, make money without trading our time for money, and surround ourselves with people who help us grow. That’s a great dream, but how does one turn it into reality? — Today, we are going to take a look at three different business models. The first one is quite straightforward, investing in income-generating real estate. The second one is building a traditional business. The third one is building high-tech startups. What makes all three of them so different from each other…

This might be the most important article you will read this week, this month, or this year. Because without finding the time for your dreams and goals, you will never be able to reach them. In our early teenage years, and maybe even earlier, we all had dreams of whom we will become, the house we will live in, the family we will have, the car we will drive, the vacations we will go on, and so much more. Yet, as we started getting older…

You want to be an entrepreneur. You want to be the next Billionaire founder. You want to be successful. But where do you start? You have to start with changing your mindset, the road to success will be much longer and a lot more painful than you envision. The journey will force you to do more self-improvement than you have ever done in your life. You will have to become a leader, not a…