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The School of Self-Mastery: Business, Money, Life

The School of Self-Mastery podcast is all about business, money and life. I talk with guests who have created a RICH life for themselves, not because they’re bathing in money, (although they may be doing that too) but because they’ve defined and created success on their own terms, through their own personal successful habits. Habits are the root of simplifying your success I also appear solo two days a week to dive deeper into self-mastery topics and give actionable takeaways you can start applying today.
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May 17, 2016

 

When you select a business model you want to make sure it fits with your ideal day as well.

Start with your ideal day.

Describe your ideal day – all of it. Get super specific and imagine this day with all five senses - what you're feeling, tasting, smelling, touching, and seeing as you go through your day. Take note and be mindful of your desired feelings.

Get specific about what you’re actually doing. Think about the conversations you’re having, the actions you’re taking, and the things you’re creating. Remember, this is a fantasy ideal day – it’s your story to write and can be as improbable as you can imagine.

Your business model selection is what determines what your income and your days will actually look like, but most people breeze right through this and don't take the time to understand how their business model and their ideal day match up. 

In this episode, I'll share the 5 most common types of online business models and some pros and cons associated with each so you can decide how your ideal would fit into each option. Do NOT skip this step of business foundations, as building a business around the wrong business model will burn you out!

Types of Online Business Models

  • Service Based Business {Coaching, Consulting, Web Design, Graphic Design, & Copywriting, etc.}
  • Digital Products / SaaS {Software as a Service}
  • Product Based Business {ecommerce}
  • Blogging {Advertising & Affiliate Sales}
  • 3rd Party Sales {Amazon, Ebay, Etsy}

* note this isn't an exhaustive list, but it's a great list to start with

Get access to the FREE 1k in 30 days cheatsheet to start turning your business ideas into profitable ventures. 

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