@Nik:
biophase is more experienced, has done it for years and we should shout our mouths and open our ears wiiiiiide open when he speaks.
As I see it you are partly right about the doctor lawyer starting a firm. But this is not Fastlane as it doesn't follow the CENTS principle. It can but it doesn't at all times. It is the same with someone who owns a business and is an entrepreneur. Even an entrepreneur can be sidewalker and slowlaner just as everybody.
A fastlaner doctor/lawyer has to follow the CENTS principle in order to be on track with the Fastlane:
C for control; he has to be the MAJOR shareholder in the company he "works"
E for entry; his business has to have barriers, not everyone should be able to jump in and start the same
N for need; is there a need for doctors/lawyers or there are 100 of them in 1.000 people?
T for time; his business should be running even if he is not there. He can go for vacation, ski in tha Alps for 1-2 weeks and nobody should notice
S for scale; the business should be scallable. You built one hospital/office, but this is fixed/grounded. You have to either go online or open franchises of them and ask for royalties.
Need is in the centre of these 5 "commandments". No need, no money, no honey.
The more of the other 4 the better for the entrepreneur and the faster he gets on the fastlane.
I hope this helps.
With love,
VK
Sent from my iPhone using Tapatalk
biophase is more experienced, has done it for years and we should shout our mouths and open our ears wiiiiiide open when he speaks.
As I see it you are partly right about the doctor lawyer starting a firm. But this is not Fastlane as it doesn't follow the CENTS principle. It can but it doesn't at all times. It is the same with someone who owns a business and is an entrepreneur. Even an entrepreneur can be sidewalker and slowlaner just as everybody.
A fastlaner doctor/lawyer has to follow the CENTS principle in order to be on track with the Fastlane:
C for control; he has to be the MAJOR shareholder in the company he "works"
E for entry; his business has to have barriers, not everyone should be able to jump in and start the same
N for need; is there a need for doctors/lawyers or there are 100 of them in 1.000 people?
T for time; his business should be running even if he is not there. He can go for vacation, ski in tha Alps for 1-2 weeks and nobody should notice
S for scale; the business should be scallable. You built one hospital/office, but this is fixed/grounded. You have to either go online or open franchises of them and ask for royalties.
Need is in the centre of these 5 "commandments". No need, no money, no honey.
The more of the other 4 the better for the entrepreneur and the faster he gets on the fastlane.
I hope this helps.
With love,
VK
Sent from my iPhone using Tapatalk
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