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Keys to Wealth - Choose Your Business Field Wisely, Grasshopper

Each time you complete an assignment, feel free to turn it in and I will review it and give you any appropriate comments.

I recommend that when selecting fields for going into business that you seek a field that best answers the following questions in the following order of importance.

  1. 1. What is your passion? Do you have a sense of your life mission? What is it that if you spent every waking hour of your life doing it, you would be the happiest person on the planet?
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  3. 2. What is your core competency? What are you better at than just about anyone else; and in what fields would this ability give you a competitive advantage?
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  5. 3. In what fields do you have the best natural network of human resource connection; where you know people through whom you can leverage yourself, through their knowledge, experience, contacts, resources and capital? Do you know people in that field with whom you would love to collaborate and with whom you share mutual respect?
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  7. 4. Which of the fields that best answer the first 3 question sets offer the highest potential return for your efforts? Which ones offer the highest level of scalable growth? Which are the simplest to pursue and succeed at offering growth with the least amount of stress and life complications? Which is the easiest to get other people excited about and anxious to support your success?

 
Notice nowhere do I ask what field can create the highest income? Or, what field has the most wealth creating potential?
 
If you choose a field using the 4 compound questions above, it will be the field in which you will earn the most money and create the most wealth available to you given who you are and what you are capable of. More important you will be happy and secure with who you are and your place in life. Everyday of your life will be filled with excitement and sense of purpose and accomplishment. The money will be there as a natural consequence of your choice and actions; a delicious icing on an incredible cake.

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Gordon Bizar

Gordon Bizar - Expert Business Buyer and Finance Coach Gordon simplifies business purchasing and financing. He makes understandable the use of financial leverage to start, buy or build any business with little or none of your own cash. His unique expertise and success track record has led to his appearances on NBC's Today Show, PBS's Late Night America along with segments on more than 120 other radio and TV news and talk shows. He has been featured in articles in more than 25 of the nation’s leading newspapers including the Los Angeles Times, New York Times, and Wall Street Journal. Gordon personally bought and built companies in fields as diverse as manufacturing, financial services and business education. He also served as Chairman of the California Task Force on Taxation and Regulation of Small Business during the Brown administration and is sought after as a consultant by businesses large and small and government agencies such as NASA for their technology transfer program.

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