the Stage of Security (part 2 of 2)
Business is the fastest way to create passive income. But how do you know which opportunities to pursue? The answer is in the business sweetspot.
Video Duration: 24:45
You should only pursue business that are within your business sweetspot. This means 4 things:
- Strength. It must be related to something you're good at.
- Passion. You must care about it, or you're deeply interested in it.
- Resources. You have the right capital, network and experience to run it.
- Opportunity. People must want/desire your service.
When you start a business in your 'sweetspot' you are playing where you can win!
(Starting a business outside the sweetspot doesn't automatically mean you'll fail, it just means you'll have a harder time to compete and grow the business.)