Some people have a dream of building a brick-and-mortar business in their local town to serve the community.
It could be a coffee house, a boutique salon, spa, gym or seaside bike rental service.
At first, it seems like a great idea.
Then, reality sets in.
You are tied to that business. Over time, you will need employees. You will need the various city or county permits and licenses. You will need supplies, inventory, insurance and more.
It’s sad but true. There is often employee theft with a physical business.
And, often, the profit margin with a brick-and-mortar business is much lower than a virtual/digital business.
I’m sharing all of this with you because I have coached literally hundreds of people like you who had dreams of a business in their community, only to change their perspective after a year or two.
Yes, you can get help to run the business. However, NOBODY will ever care about your business as much as you do. That’s just the way it works.
This is what you need to realize. You CAN do any business online that you can do in a physical location. Yes, it will be a little different. So what. You’ll save at least 70% in start-up costs. You’ll be (approximately) 50% more profitable each year.
EXAMPLES of doing the same thing online as people do in a physical location:
1. Hotels need a physical location. AirBandB is worth billions and has no hotels.
2. Cab companies have to buy and maintain cars. Uber owns no cars.
3. Some personal trainers pay huge rent to run a studio. Other trainers do all their work online and work whenever they choose.
4. Some people run a coffee shop. Other people sell bulk coffee online.
5. Some accountants see clients in their office. Other accountants live wherever they want and have clients upload files via DropBox. Everything is done at a distance while transferring files back and forth.
6. Some big companies sell large ticket items to customers. Smart online entrepreneurs will become an affiliate of these companies and earn commissions for sale they produce. Doing this for 4 to 5 companies can create a strong annual income.
7. Some people open a store in XYZ city to sell camping equipment. Others import the same equipment from China and sell it on Amazon. Amazon does 80% of the work.
I could go on and on.
Never settle for a business that keeps you captive in any particular place.
Never settle for a business that has high overhead.
Never settle for a business that is over regulated and cumbersome.
Keep things simple.
Keep your life simple.
Thanks for reading.
This is how I efficiently get moolah dropped in my account each Monday.
This is how I help you make your business more efficient.
This is how you efficiently build your online business.
This is how you efficiently increase your blog’s rank on Google.