Don’t Build a Business That Pays $1.50/hr

Hey Reader, When we’re just starting our business, it feels like there is so much to do. We have an endless to-do list. When it comes down to the actual parts of our business, there are only three parts:Product, Promotion & People. The Product is what you offer, that people need and are willing to pay for. The Promotion is getting people to know you and getting the right kind of people interested. Then there are People. People are on two sides. Either clients getting something or leaders…

All fathers I know want to leave their kids better off. They think about the legacy they leave behind. Many of those fathers think about starting a business. That’s what I also started out with. To this day I think the best way to start a business is with a service — something that you can coach or build for your clients. There is only one detail: This is all skill-based. You need to learn the skills. That is also why service is a good place to start. The hidden danger is that you become a…

The core idea behind productivity is well-meaning. It is to make our work more productive. That we are able to produce more. I think the core driver is to do a job better. We want to achieve bigger things and so we constantly seek to improve — from riding a horse to driving a carriage to driving a car is an improvement in speed and comfort. The driving question is to improve what we are doing. A farmer does a job better when he can produce more bushels per acre – more tons per hectare. A…

Hey Reader, I just started a new book:4000 Weeks – Time Management for Mortals by Oliver Burkeman. I picked it up because after all the years of trying to beat productivity,I start to have my doubts what productivity really means. He also starts to talk about how everything is getting more convenient. I like to use AI.It gives my productivity a big advantage.It’s a major boost.I think that I actually get 20x more done than without AI.AI definitely makes my life more convenient. Yet there is…

Most people start their business as the hare.Sprinting through the tasks. I did that too — thinking the amount of work is what makes the difference. So I tried to become more efficient. I hustled all I could. The interesting twist is:The tortoise will win. That is also true in business. Business is not a sprint. It’s a life-long marathon. There is no shortcut, because it ends when we’re dead. Success will happen when you do the right things at the right time. That’s the foundation side most…

We are often in a rush.I’m definitely feeling it on many days. I think my progress is to slow.My plan is always tight for time.I plan too much for too little time.Then I need to look up, let in a sense of time. In forestry, there is a saying:“Wood grows on wood.”Older trees grow more wood per year than smaller trees — if both grow slow.The bigger, older tree will have added a multiple amount of wood compared to the smaller, younger tree because its diameter is so much bigger.Yet the small…