Thread: Just a curiosity question. Fastlane Billionaire?

Do you think it would be possible for someone to become Fastlane Billionaire? I just ask because of the more hands off type of scenario that Fastlane is based around.

I look forward to your responses.

Thanks

Matt

Originally Posted by MJDeMarco

I think you're confusing TMF with 4HWW. Fastlane business is never hands off in the beginning ... it often takes YEARS before the Commandment of Time can be addressed.

Yes, and the earlier you take your hands off, the less money you make in my opinion. No employee will be as passionate about the business as it's founder(s), so if you hand over the reigns to someone else, the company won't make as much money in my opinion.

Bill Gates said that for the first 10 years of Microsoft's existence, he never took a day off, so it's not surprising that he ended up becoming the wealthiest man alive. This doesn't mean that being a work-a-holic alone is enough to get the job done or that you even need to work more than 8 hours a day.

But, as long as you have your eye on the ball and know what's going on both in your company and in the wider industry in which you operate, then I think your business can be successful. However, if you relax too much then competitors will eat your lunch as they continue to innovate or other market forces will change that will make your business model no longer valid and if you didn't see it coming then you're screwed.

The perfect example of this would be Blockbuster; they were approached by Netflix founder Reed Hastings to form a partnership to sell digital subscriptions to movies but they laughed at him. This was in the late 90s. Now who's laughing? Blockbuster is bankrupt and Netflix is a multi-billion dollar company.

The guys in charge of Blockbuster took their eyes of the ball and got too comfortable with the way things worked in the 90s. They didn't appreciate the coming digital revolution before it was too late.