Step 1 – Plan Your Escape.
The biggest mistake I made was that I started my first lifestyle business too late.
I was out of work, desperate and down to my last few hundred dollars before I started.
I should have started while I had a job.
Avoid that mistake if possible.
Start building your business while you still have the security of a 9-5 job.
Most of my lifestyle businesses can be operated in under 20 minutes a day once they are set up. (Yes, you can and should have multiple businesses)
If you are in a job then start planning now. Get your first business planned and set up.
Set a short term target, a midterm and a long term target.
Where do you want to be in 1 month,
Where do you want to be in 3 months
Where do you want to be in 1 year.
These are your general your targets.
Operate your business for a few months and scale it up, your first financial target should be to match your current income.
Then and only then should you start to execute your escape plan