Antifragile
Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
457%
- Mar 15, 2018
- 3,735
- 17,074
The question of "Fastlane" business boils down to the basics, don't force it to become "complicated" or put big words like "time prison". That's your choice!
Ok, what do I mean by simple. This. Scale happens through the following:
Money buys technology & labour. But it doesn't have to be YOUR money. That's what investors are for.
Labour is employees. If you can't hire well, you won't grow. If you think you are the only person who knows how to do things great and everyone else can't, you won't scale.
Technology give you an edge. Having a proprietary method, maybe a patent, maybe a great way to life changing money.
Let me put it another way. If you are already at the peak of your skills as a "mechanic" in your own "shop", you are forgetting what Steve Jobs said to Steve Wozniak "You play the instrument well, but I play the orchestra". Want a fastlane B&M business? Start playing the orchestra! Get off the tools.
If you think you can't. You are right. Shut it down.
But if you think you can... but presently struggle with how, consider:
1. Bringing on partners. Young, fanatical people who want what you want.
2. Creating proprietary methods, documenting them, selling the method - franchises, whatever.
3. Making your business huge. Think BIGGER than anyone else in your space. This way you'll have 500 employees. Sy Sperling once told me that when he ran one location, he worked crazy hard. But when he had 30 locations, he had a lot of free time, he hired a "President" to run things for him.
You get the drift here... I am sure. Good luck.
Looping in @Kak into this. He's a bright light on this type of stuff.
Ok, what do I mean by simple. This. Scale happens through the following:
- Money.
- Labour.
- Technology.
Money buys technology & labour. But it doesn't have to be YOUR money. That's what investors are for.
Labour is employees. If you can't hire well, you won't grow. If you think you are the only person who knows how to do things great and everyone else can't, you won't scale.
Technology give you an edge. Having a proprietary method, maybe a patent, maybe a great way to life changing money.
Let me put it another way. If you are already at the peak of your skills as a "mechanic" in your own "shop", you are forgetting what Steve Jobs said to Steve Wozniak "You play the instrument well, but I play the orchestra". Want a fastlane B&M business? Start playing the orchestra! Get off the tools.
If you think you can't. You are right. Shut it down.
But if you think you can... but presently struggle with how, consider:
1. Bringing on partners. Young, fanatical people who want what you want.
2. Creating proprietary methods, documenting them, selling the method - franchises, whatever.
3. Making your business huge. Think BIGGER than anyone else in your space. This way you'll have 500 employees. Sy Sperling once told me that when he ran one location, he worked crazy hard. But when he had 30 locations, he had a lot of free time, he hired a "President" to run things for him.
You get the drift here... I am sure. Good luck.
Looping in @Kak into this. He's a bright light on this type of stuff.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.