Lesson I learned from my father.
My dad was the vp for the largest and wealthiest guy in our town. He owned 28 different companies that my father oversaw for him. My father coming from owning an insurance company that closed due to employee fraud looked for big money contacts for these 28 companies. He'd work out a deal and take it to the owner only the get shot down. These contracts would typically be 30% or more of there business. Finally one day my dad asked why he was opposed to these contracts. He explained how he only needs a base hit. If each company only profits 1,000 a month he makes 28,000 a month. He went on to explain that when your business becomes dependent on these large contracts. They get a cough and you get the flu. All he wanted him to do was make sure they didn't lose any money.
My dad was the vp for the largest and wealthiest guy in our town. He owned 28 different companies that my father oversaw for him. My father coming from owning an insurance company that closed due to employee fraud looked for big money contacts for these 28 companies. He'd work out a deal and take it to the owner only the get shot down. These contracts would typically be 30% or more of there business. Finally one day my dad asked why he was opposed to these contracts. He explained how he only needs a base hit. If each company only profits 1,000 a month he makes 28,000 a month. He went on to explain that when your business becomes dependent on these large contracts. They get a cough and you get the flu. All he wanted him to do was make sure they didn't lose any money.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
