Marc and Angel over at Marc and Angel Hack Life have some very simple, yet powerful thoughts to share on the secrets of people who are self-employed, i.e. entrepreneurs.
1. We Only Have 2 Products: Time and Knowledge The bottom line is that customers pay you for your time and knowledge. Success is achieved by properly crafting the two into one convenient bundle that can be sold many times over (think of products vs. services).
2. The Implementation of Knowledge is Power Knowledge alone is not power! The implementation of knowledge is power. Knowledge is simply a commodity; it’s a product like any other that has the potential to be sold. How knowledge is organized, packaged, presented, shared, and received by others is what makes knowledge so powerful.
3. Time is More Valuable than Money The successfully self-employed have made this realization (time is more valuable than money) and concentrate the majority of their time and effort on the single greatest secret of self-employment: generating passive income. Passive income is achieved by applying what you know into a package that can be designed and built once, and then repeatedly sold over and over again. Finding a unique way to promote and sell this knowlege is the key.
4. Success is About Knowing What You Want Self-employed success is not the byproduct of working your way up from the ground up. It’s based on knowing what you want, understanding your abilities and implementing them diligently to achieve your goals.
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Posted via web from Renjie Butalid
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