If you make your business possible to replicate, others will replicate it.
To create a business that can be replicated is to base it off the collection of “ordinary” people, with ordinary means that contain the lowest level of skill required for the job because they cost less than someone remarkable.
You will profit, but only until the business is replicated by another, faster cheaper one. It will be. Someone is always willing to go cheaper.
Creating even five businesses that can be replicated is exhausting and still won’t make you enough profit to take an extended vacation. You couldn’t anyway because you are the only one with real managerial skills.
Creating one business, one that can’t be replicated, one filled with extraordinary people, with the highest skill level, self-motivation and passion, even though they may cost more to employ, will be able to pay for 5+ vacations a year for yourself.
In addition, this allows you to pay for the indispensible people to work for you. Basically these people pay themselves and then pay you because their work is so full of art and is irreplacable.
In a world where someone is always willing to work for less, the only way to make more is to run a business like no other.
Stay Positive & Start An Unreplicatable Business
Garth E. Beyer
- Get Them To Try It Twice - November 12, 2024
- Sometimes There’s No Point - November 11, 2024
- Imagine If - November 10, 2024
