• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

Question about the Commandment of Control

Discussion in 'The Unscripted Entrepreneurial Mind' started by Generic_Username, Dec 25, 2018.

  1. Generic_Username

    Generic_Username Contributor

    Likes Received:
    Dec 22, 2018
    Rep Bank:
    To quote this own site, "As an entrepreneur, you want to control your business whereas no one entity can put you into bankruptcy." Does this mean that you have to have a controlling interest in your business where you get to make every single major decision no matter what because of voting rights? A famous example of violating this would be the fact Steve Jobs was fired from Apple even though he helped found it. Does this force you to know every single skill in business (i.e. marketing, human resources, finance, operations, etc.) because you're the one making decisions and not have any legitimate partners (they're more like passive investors)?
  2. MakeItHappen

    MakeItHappen Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Likes Received:
    Apr 12, 2012
    Rep Bank:
    Have you read MJs books? Imo control is more about external factors than the fact that you as the CEO controls everything within the business (good luck with that if you want to build a big company with many employees...).

    MJ has many examples in his book so check them out.

    A simple example of missing control is a company that sells all of there products only on amazon or at walmart. If amazon/walmart kicks you out you go from hero to zero.
    Scot and MJ DeMarco like this.
  3. MJ DeMarco

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Likes Received:
    Jul 23, 2007
    Phoenix, AZ
    Rep Bank:
    Admin Post
    At that point he was filthy rich and already Unscripted. He was in that position to foster his visions for the future. And when he was let go, he went off on his own and continued with that vision. Amazing what "FU" money can do...

    The COC is more in reference to small businesses and risk mitigation. When you allow 1 entity to control your entire income stream, you're violating control and accepting some big risks. It's really no difference than a job, instead of an employer who is in control, it's some other patriarchal company.

    That said, that doesn't mean you cannot make a fortune and still violate control. There are many entrepreneurs who get 1 paycheck from Amazon, but are doing quite well. And if a control apocalypse happens (Amazon has terminated your account) they've already made significant money to buttress the occurrence.

    Ditto. COC is about 1 entity, 1 person who says, "You're done" and suddenly your income goes from SOMETHING to NOTHING. It's like getting fired.

    Hope this helps. Welcome to the forum.
    Frank H., ZF Lee and Scot like this.

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!


Log In

Already have an account? Login here.


Share This Page