What to you see in the future for your business?

https://www.youtube.com/watch?v=UiCx37oy9FY

Transcription

Where the heck are you going?

I am Brian Pombo, welcome back to Brian J. Pombo Live.

This is a series that we're doing on kind of the principles of building a business. And it's kind of a basic outline of the kind of where I start with people find out kind of where they're at, and then kind of take them where they're going.

So the question today is, where are you going?

If you own a business, if you're planning to own a business, the biggest question you can ask right now is, where are you going?

What are you planning to do next?

Yesterday, we talked a little bit about the Cash Flow Quadrant, okay, you go back and watch the video on that if you want.

But the whole idea is if you don't have a business that runs on its own, that you can walk away from it, where it's actually it's an actual asset, it's putting money into your pocket, not just pulling money out of it, you're getting more back from it than you're giving and you're not completely married to it, you don't have to be constantly shoving time back into it unless you want to grow it, but it has a sustainable flow to it.

It produces cash flow on a regular basis, either it does or it doesn't. If it doesn't, you might want to be getting there.

If you do want to get there, the real question is, how much money are you looking to make and how soon, are you looking to make it?

And from there, you could start to design where to go next. But the toughest thing for people to do is to actually figure out where they actually want to go, what do they actually want to occur?

If any, and the only way I know how to be able to handle this, if you've never done it before, is to really come up with a pie in the sky concept.

What are the most that you can imagine making personally?

And what is the best absolute way of doing it, you know, if it could be a passive income business that just produces for you, and doesn't take a whole lot of babysitting?

If you could have that, how, what's the least amount of time is no time. So let's say we're going with that, let's say we're saying it's not going to the amount of time I put it into it's negligible. And then how much money do I want it to kick off on a monthly basis.

That's where you ought to be focused on personal, look at your personal side first, even if you already own a business, even if it's relatively passive, you got to sit there and kind of think to yourself, okay, what's next?

Where am I going next?

What's the next big goal and you got to look at that personally. Because then you can translate that back into your business, you have to know what you want out of it first. If you can't find what you want out of it, you shouldn't be in charge of that business.

Whether you're an executive, a business owner, you should not be running things. If you can't figure out how you tie into it, what you're getting back from it if that makes sense.

But it's tough, it's tough to do that.

It's tough to separate ourselves from all the details. But that's what you have to do first after you find out and besides the other things we've already discussed, after you've already kind of decided where you're at, you got to decide where you want to be.

And there's another term for this.