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    Impacting Millions As A Service Business

    SCALING EXECUTION QUESTION 
    Hi all: One of the things that really stuck with me from Millionaire Fastlane was the quote: "in order to make millions, you need to impact millions." I am a lawyer, running a service based business (small law firm). How can I, as a small service based business owner, impact millions? Is it...
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    E-commerce or consulting business

    SCALING EXECUTION QUESTION 
    In 2023, is there more opportunity in consulting or in e-commerce? Is either more scalable than the other, and is either more lucrative or competitive than the other? It seems that with consulting, a lot of personal branding has to be done so that people start to look at you as an expert in...
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    Choosing the Right Niche

    IDEA QUESTION 
    Dear all: I am between a couple ideas for productized service businesses which I hope can go Fastlane. However, I was wondering if anyone has any knowledge about ways that I could potentially determine if the niche I have choses is viable or not. Some niches are just right, but some are too big...
  4. A

    At What Point Do I Quit My Job?

    EXECUTION 
    Hi Xavier - sorry for the delay. Thank you for this post. I actually took a screenshot of it. Can I ask what kind of business you run?
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    Consultant from Unscripted

    MINDSET SLOWLANE SCALING 
    Dear all: In the book Unscripted, MJ gives the account of a consultant in the fitness industry who asked the forum some ideas about how to crystallize her knowledge of her industry into a scalable business. The individuals on the forum gave a bunch of suggestions, and she dismissed all of them...
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    At What Point Do I Quit My Job?

    EXECUTION 
    Dear all: After a pessimistic first post, I decided to pay attention to the responses I received, and now I have been working on a business that I hope will disrupt the industry I am currently in, rather than to leave the industry altogether. At the moment, I do relatively well financially...
  7. A

    Scaling A Legal Business

    IDEA 
    Thank you Rob. When I first joined the forum, I had literally just read MJ’s book and I was feeling pretty frustrated about the lies we are told in society. I was probably reacting mainly to what he uncovers in the book. Once I read some of the responses, I started to appreciate that I have a...
  8. A

    Scaling A Legal Business

    IDEA 
    Hi Everyone: When I first came onto the forum, I was very negative on the idea of being able to scale my legal business but other users on the forum challenged that assumption, and I saw another post by MJ on the forum, which inspired me to think differently. Entertainment law is tough to...
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    Type of Business to Start

    QUESTION 
    I think it is a matter of generating leads online and then having the work done by other "of counsel" lawyers. A legal subscription service could be a good idea too. The client pays the same amount every month regardless of the amount of work that is done...
  10. A

    Type of Business to Start

    QUESTION 
    It may not be the only way. For example, right now one idea would be to scale my current business by starting a virtual law firm...
  11. A

    Type of Business to Start

    QUESTION 
    I do have ideas. But the concern I have is as follows: MJ says in millionaire fastlane that you should not start multiple businesses at once. So I would still need to run my current business PLUS start something new. Or I could do something like what you suggest (consulting course, virtual law...
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    Type of Business to Start

    QUESTION 
    Dear all: I have a legal and consulting business which has chained me to the slow lane because it violates the commandment of time. I do not have enough savings to completely stop what I am doing. Accordingly, is it better for me to: 1. Think of a creative way to scale the business I have...
  13. A

    Scaling A Business

    QUESTION 
    Hello all: This is my second post on this forum. All I can say is that I read Millionaire Fastlane, and my mind was blown. I do wish I had read it ten years earlier, but I am grateful that I did not read it ten years later. A bit about me: I have a legal and consulting business with about 8...
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    Chronic Slowlaner Seeking a Change and Mentor

    INTRO 
    The difference is that if apple loses 1 customer, it hardly makes a difference. If I lose one customer it is 10-20% of my income gone. This is why I say no control.
  15. A

    Chronic Slowlaner Seeking a Change and Mentor

    INTRO 
    Hey Rob: Thank you so much for your response. My answers to your questions are as follows: 1. Consulting businesses in general have low barriers to entry these days. All you need is a cell phone. You don’t need to order a big MOQ as in e-commerce or develop an algorithm as in tech. You don’t...
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    Chronic Slowlaner Seeking a Change and Mentor

    INTRO 
    Dear all: Thank you for allowing me to be part of this community. My name is Alex and I am a 36 year old "entrepreneur" from Los Angeles, CA. I used to hold "prestigious" corporate jobs, and then finally 6 years ago, I could not take it anymore. At least I was wise enough to get out of that...

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