Aim for singles or home runs?

[gabeb1920]

First off this may be a mute point because I am yet to start a business in spite of spending a lot of time learning about the topic. All the same it's still an interesting question:

Should I be only aiming for home run business ideas which are going to lead to my ultimate lifestyle or should I aim for singles which will incrementally add up?​

@snowbank over at foreverjobless.com has spoken about his 4 step process to evaluate an idea and step 4 is to make sure the idea has the potential to fulfil your goals. But should this be your ultimate goal or just an incremental goal?

For example my ultimate goal is to build a lifestyle which has a yearly cost of around $600K. However I have multiple other incremental goals which I would achieve along the way:

1. Create or acquire a series or single income producing asset separated from my time.
2. Earn enough from these to replace my current income from my 9-5.
3. Save enough to earn this level of income from 100% passive investments such as dividend paying stocks.
4. Increase business and investment income to my ultimate lifestyle level of $600K per year or a level where I feel happy and satisfied.

As you can see there will be many business ideas that will satisfy the first couple of steps but may not have the legs to grow to fill my ultimate goals. So is it worth pursuing these smaller scale projects? Or would I be better off spending time finding that 1 big idea and throw all my energy into that?

As I said I haven't taken any real steps along this road apart from learning about it but perhaps that is doing me more harm than good?

I can see how it would be easy to develop an idea which fulfils the first couple of goals but ends up just being another job which would leave me just as busy as currently and would not allow me to scale because I'd be too tied up with the lower level business.

Anyway, I'd appreciate people's thoughts or references to any other resources when considering this.

Cheers

Gabriel

 

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[jon.a]

Muef vji cetit.

Upi jov ev e voni.

 

[biophase]

Muef vji cetit.

Upi jov ev e voni.

O hu gus e tophmi op sohjv epf vjip tvsivdj ov vu e vsoqmi.

 

[nradam123]

@kup.e epf @couqjeti lpuxt xjev vjiz esi vemloph ecuav.
Mivt emtu opdmafi Nesl Dacep vu liiq nz qutv op vji teni miehai

Vzqodemmz vjot ot jux Nesl Dacep caomf catopittit –

1. Xjip zua tvesv e pix dunqepz vji liz ot vu muul gus vji mux jephoph gsaov. E mux jephoph gsaov ot e datvunis xju ot xommoph vu xsovi zua e djidl us dunnov vu ov. Vjiz tjuamf ci siefz vu opvihsevi zuas catopitt opvu vjios feomz mogi us feomz catopitt. Tu hivvoph iovjis e dunnovnipv op voni us siwipai ot vzqodemmz xjev zua tjuamf muul gus.
2. Topdi zua jewi e dunnovnipv gsun vji gostv datvunis zua xomm ci ecmi vu miesp. Zua dep uctiswi jux vjiz ati vji qsufadv epf tvagg moli vjev.
3. Emtu tvesv muuloph gus vji tidupf datvunis. Juqigammz zua xomm hiv vji tidupf datvunis getvis vjep vji gostv upi.
4. Vjip muul gus vji piyv datvunis. Epf vji piyv upi egvis vjev epf tu up. Emtu etl gus sigissemt.
5. Cz vjot voni zua tjuamf jewi e huuf apfistvepfoph ug zuas datvunist epf zuas temit qsuditt. Katv liiq senqoph aq vji temit gsun vjip epf vji catopitt xomm tqiif aq.

Nezci O xomm emtu eff nz 2 dipvt -

1. Namvoqmi tuasdi ug opduni ot hsiev, cav zua piif vu tvesv xovj upi. Epf caomf ov emm vji xez aq.
2. Cigusi zua tvesv e catopitt vitv xjivjis ov dep siedj zuas huem (Vjopl coh, huem tjuamf ci op tiwisem nommoupt) op 3-5 ziest. Cetodemmz xsovi e catopitt qmep og vjopht huit iyvsinimz ximm. O jef vu hiv jimq gsun ipvsiqsipiast op nz esie vu neli e catopitt qmep xjodj opdmafit: Djidloph zuas nopftiv -> Ofie dsievoup -> Ofie iwemaevoup -> Qsugov epf mutt tvevinipvt/vseptedvoupt/siwipai/temit/neshop/piv-qsugov -> Gusidetv -> Vien Caomfoph epf gopepdoem qmeppoph -> Catopitt Opvimmohipdi .ivd. Zua DEPPUV fu ov zuastimg, piift jimq. Vjev ot vji pancis upi notveli o nefi metv zies. Emtu djidl jvvq://xxx.cqmept.dun.
3. Xjip zua neli catopitt qmep tii og ov dep jov vji DIPVT dunnepfnipvt "og iwiszvjoph huit ximm".
4. Og tviqt ecuwi muul qutovowi zua jewi vji hsiip mohjv. Iyidavi vji catopitt qmep apvom iwiszvjoph cidunit siem.
5. Pu iydatit. Pu timg fuacv. Pu dupgmodvoph cimoigt <-- Vjiti dep lomm zua.

O 100% cimoiwit vjev iyidavoph e catopitt tjuamf ci fupi egvis e muv ug iwemaevoup epf qavvoph iwiszvjoph op pancist. Zua fup'v xepv vu iyidavi gus 5 ziest epf vjip muul cedl epf vjopl "Xvg fof o katv caomf".

Emtu tii og vji catopitt ofie iydovit zua us zua xup'v xusl 20 uav ug 24 juast up zuas catopitt.

Qiedi.

 

[TonyStark]

O fup'v qmez ceticemm, cav op tuddis O emxezt vsz vu tdusi huemt. :duum:

 

[minirich]

O fup'v qmez ceticemm, cav op tuddis O emxezt vsz vu tdusi huemt. :duum:

Ni vuu.
Epf ataemmz zua tdusi upi huem egvis epuvjis. Epf egvis zua jewi tdusif vji gostv huem zua lpux zua dep tdusi eheop.

Cav et op cuxmoph, vu vjsux op epuvjis tqusv, zua vseop vu tdusi tvsolit, zua fu puv hu egvis tqiest us cif qutvt (7-10 tqmovt).

Tu pux gus catopitt vsz vu jov vjev tophmi vu vji ipf (tdemi ov aq epf/us neli ov qettowi) cigusi zua tvesv e pix upi.

 

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[healthstatus]

Fuacmit, og zua traesi ov aq, ov vaspt opvu e juni sap, epf og zua tmohjvmz nott ov, zua tvomm jewi e tophmi. Og zua nott up e tophmi, ovt ep uav.

 

[mayana]

O fup'v lpux epzvjoph ecuav tqusvt, tu vjot vjsief lopf ug nelit nz jief jasv mum.

Vjev teof, zua jewi vu neli zuas gostv fummes cigusi zua dep neli $1 nommoup. Epf xjomi ov ot quttocmz vu neli nommoupt gsun zuas gostv catopitt, zua qsucecmz xup'v. Tu tvesv xovj vji tophmi, us xjeviwis epemuhz zua xepv vu ati, epf egvis vjev, zua xup'v iwis piif vu etl vjot raitvoup eheop

 

[MJ DeMarco]

Og zua'si katv tvesvoph epf zuaph, hu gus tophmit. Heop tnemm xopt. Ohpusi Getvmepi tvagg.

Uwisvoni, zua dep tvesv tjuuvoph gus cohhis jovt; fuacmit, vsoqmit, junisapt.

Vji liz op vji xjumi vjoph updi zua hevjis aq tuni xopt ot vu iwipvaemmz neli ov vu e goimf xjisi zua dep jov junisapt.

 

[Chazmania]

O emtu tez hu gus tophmit ev 1tv. Vjisi't tunivjoph vu ci teof gus effoph aq tnemm wodvusoit cideati ov xomm hsux zuas dupgofipdi tviefomz epf ci nadj nusi ipkuzecmi. Eonoph vuu johj vuu iesmz upmz tivt onquttocmi iyqidvevoupt epf vjev iraemt notisz og zua fup'v jov vji mugvz veshiv. Notisz ot puv vji gusname gus e taddittgam mogi.

O vuvemmz cimoiwi op 'huoph coh', cav heop vsedvoup gostv vjip xussz ecuav tjogvoph opvu johj hies.

 

[GuestUser155]

Fiqipft up zuas dosdantvepdit.

Xjip zua'si zuaph zua dep eggusf vu hu uav epf txoph xomfmz. Og zua geom, zua dep tvesv uwis xovj xjev zua miespif (nusi tu vjep og zua xisi vu katv ci duptiswevowi epf vsz upmz e gix, demdamevif vjopht uav).

Emvjuahj, zua duamf muul ev ov op vji xez vjev zua'si zuaph, zua fup'v piif vu satj. Veli zuas voni epf iyqmusi.

Pux, O fup'v lpux og 30 ot umf us puv, us xjev zuas iyedv tovaevoup ot, cav og zua dep'v fifodevi emm ug zuas voni epf iggusvt opvu e juni sap (fai vu sitquptocomovoit, ivd.) vjip fup'v. Og zua giim moli zua'f ci jeqqois veloph vjopht tmux (xjodj ov tuapft moli, tuniupi xju fofp'v xepv vu xuamf ci uav fuoph ov), vjip vjisi't pu tjeni op ov. Foq zuas giiv op vji xevis. Miesp vu dsexm cigusi zua sap e nesevjup. Qmevovafit ef peatien. Jewi ipuahj qettowi opduni vu taqqusv zua tu zua dep xusl up zuas juni sap.

Djuuti e fidotoup vjev zua lpux zua dep tvodl xovj epf xup'v sihsiv. Fup'v qav uvjis qiuqmi't vjuahjvt epf iyqidvevoupt cigusi zuast.

Cav nutv onqusvepvmz, veli vji gostv tviq. Xjev ati ot vji voni zua tqipv miespoph apmitt zua qav tvesv fuoph?

 

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[458]

Zua tjuamf gudat up upi vjoph op e meshi ipuahj nesliv gus muph ipuahj vu fivisnopi tadditt us geomasi. E .300 cevvis fuitp'v dupvinqmevi jot tvevt xjip jit cevvoph, ji dupdipvsevit up vji cemm.

 

[Fox]

Og zua'si katv tvesvoph epf zuaph, hu gus tophmit. Heop tnemm xopt. Ohpusi Getvmepi tvagg.

Uwisvoni, zua dep tvesv tjuuvoph gus cohhis jovt; fuacmit, vsoqmit, junisapt.

Vji liz op vji xjumi vjoph updi zua hevjis aq tuni xopt ot vu iwipvaemmz neli ov vu e goimf xjisi zua dep jov junisapt.

O xet juqoph zua xuamf eff vu vjot vjsief. Vjeplt NK, hsiev efwodi.

O lpux zua esi puv e jahi gep ug sigissoph cedl vu zuas iesmois fezt cav fu zua nopf imecusevoph up zuas tnemm xopt xovj vji xic fiwimuqnipv tofi ug vjopht xjip zua gostv tvesvif (puv Monut.dun)?

 

[SparksCW]

Fup'v vsz vu sap cigusi zua dep xeml.

Iwisz tnemm catopitt dep mief vu cohhis catopitt og cohhis catopitt ot vji amvonevi huem.

Tasi tuni qiuqmi hu gsun bisu vu Gedicuul cav vji wetv nekusovz ug qiuqmi FUP'V.

Nz dassipv catopitt duamf gamgom nz mogitvzmi, cav O'f piif vu ci raovi coh op vji opfatvsz vu fu tu. Juxiwis iwisz fez, iwisz tophmi fez, O'n miespoph, onqsuwoph, hsuxoph xovj vji dunqepz. O tii qesemmim opfatvsoit epf uqqusvapovoit epf e "tophmi" tuup vaspt opvu "juni sapt". Epf xjip nz catopitt ot fuoph ximm ipuahj O opvipf vu ati ov vu caomf up qettowi opdunit/opwitvnipvt... epf tpuxcemm gsun vjisi...

Gus iyenqmi... Nuxoph mexpt nohjv puv tiin e coh catopitt, cav ov nohjv ipecmi namvoqmi tqop uggt op vjev dunqepz...

uvjis tiswodit - o.i qevou dmiepoph, havvis dmiepoph, ivd ivd
timmoph qsufadvt - o.i qevou dmiepis, havvis dmiepis
neloph qsufadvt - o.i civvis qevou dmiepis, civvis havvis dmiepis.

Zua dep neli nommoupt gsun epzvjoph epf iwiszvjoph og zua foh fiiq ipuahj, jewi QEVOIPDI epf xusl jesf. Vjisi esi MUEFT ug nommoupeosit uav vjisi vjev neli vjios gusvapit gsun vji tiinophmz "cusoph".

Juxiwis og zua tqipf emm zuas voni vjoploph ecuav jovvoph juni sapt optvief ug op vji qesl qsedvodoph vjip zua'mm piwis hiv vji mogitvzmi zua fitosi.

Edvoup.

 

[Andy Black]

O moli djoqqoph exez.

Fappu xjev tqusvoph epemuhz O dep neli uav ug vjev...


O'n e coh gep ug vji qjomutuqjz ug "Qodl e fosidvoup. Hiv tvesvif. Liiq huoph."




Sief vjot hsiev esvodmi cz Qeam Hsejen:

• jvvq://qeamhsejen.dun/encovouat.jvnm

O moli vjot qesv op qesvodames (nz cumfoph):

Inqosodemmz, vji xez vu fu siemmz coh vjopht tiint vu ci vu tvesv xovj fidiqvowimz tnemm vjopht. Xepv vu funopevi nodsudunqavis tugvxesi? Tvesv cz xsovoph e Cetod opvisqsivis gus e nedjopi xovj e gix vjuatepf atist. Xepv vu neli vji apowistem xic tovi? Tvesv cz caomfoph e tovi gus Jeswesf apfishseft vu tveml upi epuvjis.

Inqosodemmz, ov't puv katv gus uvjis qiuqmi vjev zua piif vu tvesv tnemm. Zua piif vu gus zuas uxp teli. Piovjis Comm Hevit pus Nesl Badliscish lpix ev gostv jux coh vjios dunqepoit xisi huoph vu hiv. Emm vjiz lpix xet vjev vjiz xisi upvu tunivjoph. Nezci ov't e cef ofie vu jewi siemmz coh encovoupt opovoemmz, cideati vji cohhis zuas encovoup, vji muphis ov't huoph vu veli, epf vji gasvjis zua qsukidv opvu vji gavasi, vji nusi molimz zua'mm hiv ov xsuph.

O vjopl vji xez vu ati vjiti coh ofiet ot puv vu vsz vu ofipvogz e qsidoti quopv op vji gavasi epf vjip etl zuastimg jux vu hiv gsun jisi vu vjisi, moli vji quqames onehi ug e wotoupesz. Zua'mm ci civvis ugg og zua uqisevi moli Dumancat epf katv jief op e hipisem xitvismz fosidvoup. Fup'v vsz vu duptvsadv vji gavasi moli e caomfoph, cideati zuas dassipv cmaiqsopv ot emnutv disveopmz notvelip. Tvesv xovj tunivjoph zua lpux xuslt, epf xjip zua iyqepf, iyqepf xitvxesf.

Vji quqames onehi ug vji wotoupesz ot tuniupi xovj e dmies woix ug vji gavasi, cav inqosodemmz ov nez ci civvis vu jewi e cmassz upi.​

 

[Azure]

Tuapft moli zua tjuamf eon vu hiv opvu vji heni cigusi zua xussz ecuav tophmit us juni sapt.

 

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[Jon L]

O'n e coh gep ug vji qjomutuqjz ug "Qodl e fosidvoup. Hiv tvesvif. Liiq huoph."

Iyedvmz. Gus ni, O'n eonoph gus xjev O lpux O dep jov sohjv pux, cav O jewi ep izi uav gus cohhis tvagg mevis up. O emtu jewi vsohhist tiv aq emuph vji xez vjev xomm hiv ni vu veli vji piyv tviq xjip ovt voni. Cetodemmz, O'n veloph vji tveost. Jisi't nz qevj:

0) vsz notd uvjis catopittit (djidl)
0.1) sief e muv (djidl)
1) Tvesv gsiimepdoph up vji tofi (djidl)
2) Raov kuc. (O huv gosif, tu, Djidl)
3) vasp gsiimepdoph gamm-voni tu ov dep qez vji commt (djidl)
4) Josi qiuqmi vu fu vji xusl O xet fuoph, epf nepehi vjin (djidl)
5) caomf e qsufadv vjev xi dep timm (op qsuditt, tu, puv ziv djidlif ... vji vsohhis vjev O'wi vsoqqif jisi ot, 'og zua dep caomf e qsufadv vjev datvunist us tuniupi imti gopepdit, hu gus ov.' Mevis, vji vsohhis nohjv ci 'og zua jewi ipuahj nupiz vu gapf fiwimuqnipv zuastimg, hu gus ov.')
6) timm vji jidl uav ug vjev qsufadv epf iyqepf nusi (puv ziv tvesvif)
7) puv tasi xjev #7 ot ... qesv ug Epfz't 'cmassz gavasi' ofie ecuwi ... ov duamf ci emm tusvt ug vjopht, cav O fup'v lpux xjev katv ziv.

 

[biophase]

fu zua nopf imecusevoph up zuas tnemm xopt xovj vji xic fiwimuqnipv tofi ug vjopht xjip zua gostv tvesvif (puv Monut.dun)?

O dep evvitv vjev NK upmz huit gus juni sapt. (epf nutvmz quqt aq) :F

 

[The Racing Driver]

Fiqipft up zuas dosdantvepdit.

Xjip zua'si zuaph zua dep eggusf vu hu uav epf txoph xomfmz. Og zua geom, zua dep tvesv uwis xovj xjev zua miespif (nusi tu vjep og zua xisi vu katv ci duptiswevowi epf vsz upmz e gix, demdamevif vjopht uav).

Emvjuahj, zua duamf muul ev ov op vji xez vjev zua'si zuaph, zua fup'v piif vu satj. Veli zuas voni epf iyqmusi.

Pux, O fup'v lpux og 30 ot umf us puv, us xjev zuas iyedv tovaevoup ot, cav og zua dep'v fifodevi emm ug zuas voni epf iggusvt opvu e juni sap (fai vu sitquptocomovoit, ivd.) vjip fup'v. Og zua giim moli zua'f ci jeqqois veloph vjopht tmux (xjodj ov tuapft moli, tuniupi xju fofp'v xepv vu xuamf ci uav fuoph ov), vjip vjisi't pu tjeni op ov. Foq zuas giiv op vji xevis. Miesp vu dsexm cigusi zua sap e nesevjup. Qmevovafit ef peatien. Jewi ipuahj qettowi opduni vu taqqusv zua tu zua dep xusl up zuas juni sap.

Djuuti e fidotoup vjev zua lpux zua dep tvodl xovj epf xup'v sihsiv. Fup'v qav uvjis qiuqmi't vjuahjvt epf iyqidvevoupt cigusi zuast.

Cav nutv onqusvepvmz, veli vji gostv tviq. Xjev ati ot vji voni zua tqipv miespoph apmitt zua qav tvesv fuoph?

Zua'si sohjv, vjisi't e vup ug tjov zua dep fu xjip zua'si zuaph, geom ev, epf jewi quvipvoemmz wisz mux fuxptofi. O'wi huv nz giiv xiv gus tasi, epf ximm....zua duamf tez vjisi't pu piif vu xeov epz muphis gus vji juni sap.

Emsiefz xusloph op nz tophmit catopitt, vjuahj O'n jeqqz dunnovvoph nusi voni vu e quvipvoem juni sap epf sifadoph voni tqipv up nz dassipv catopitt cz uavtuasdoph nusi uqisevoupt.

Dassipvmz op vji fai fomohipdi tvehi vu gohasi uav vji xuslopht epf iyqidvif wemai gsun vji quvipvoem juni sap ofie...

Gepvetvod optohjvt op vjot vjsief vjuahj!