One of the end goals of most entrepreneurs is financial freedom. So what exactly does financial freedom mean? Well to me that means not needing to work, i.e. having a residual income steady enough, and large enough, to have the ability to stop working. So if you want to go on a holiday to a tropical island for 3 weeks, you can do that and not worry about the business (or businesses). So, how do we get there? Good, solid planning and preparation. From day 1 you could be looking at those working with you to groom them into a management position where you could leave.
Australian startup Bills to Pay have just launched their new TV show across community television stations in Melbourne, Brisbane and Adelaide. Founder and CEO Kris Bodin hosts the show which sees himself and a panel of financial experts go into people’s homes and help them with their finances.
Let me ask you a question… If Bill Gates lost everything tomorrow, do you think it would take him long to become a millionaire again? How about Richard Branson? Michael Dell? Or Jeff Bezos?