My ideal business

Hello and welcome to my personal newsletter.

This is where I will be posting more personal stuff, behind the scenes, if you will.

To kick off, I though I will share a few rules I came up with beginning of this year and how I applied them to what I’m doing now.

I wrote these rules after trying different businesses over the last few years and seeing what other business owners do. A lot of these rules came from failing over and over, some are the result of my long-term vision (and what I don’t want to do in the future).

Towards the end, I will share what business I decided to pursue and why.

Rules

1) Remote
Business has to be online, not tied to a location.

2) Location independent
Business has to offer services used worldwide, not only in certain locations

3) Time independent
Business can be done on my own time, not when required by customers or contractors

4) Free of regulations
Business cannot be heavily bound by regulations (ie, therapy online)

5) No physical assets
Business should require only laptop to make profits

6) No employees
Business should not have employees, only contractors if needed

7) Finance industry
Business has to be in finance industry to directly corellated to money

8) Wealthy customers
Business should target wealthy customers, who can afford and will appreciate my services

9) High fees
Business should employ high fees for services

10) High impact
Business should have high impact on customers and their results

11) Little competition
Business should be offering services in niches with zero or little competition

12) Simple offer
Service offer should be simple, required and easy to fulfill

My ideal business

When I was deciding what I wanted to do, I reverse-engineered my future. In 5 years from now, I want to be running a mastermind community for 100 stock investors. The idea is to share ideas and discuss strategies while investing. In other words, I don’t want to be working, but if I do, I want to be doing something I love, with people I respect and enjoy being around.

To get to that stage, I need to realize the following:

Income: I need to come up with a service that will give me income and freedom to pursue my dream - a mastermind for stock investors.

Network: I need to start building a network of stock investors whom I can later invite to my community

Invest: I need to start investing my earnings as soon as possible, not wait years until I have a pile of cash to invest.

Thus, when I was strategizing what my ideal business would be, I tied my future to the present. I asked myself what I can do today to get closer to my ideal future.

After some thorough research, I decided to focus on helping investment newsletter creators get new paying subscribers. Here’s why:

Ideal customers: Investment newsletter creators are potential future members of the community. Helping them succeed now will bear great dividends later.

Being paid to learn: If I can find a way to get paid while learn how to grow an investment newsletter, I will just do that. This will help me immensely later when I launch my mastermind.

Previous experience: I know how to drive traffic, convert visitors to paying subscribers and create an affiliate system that keeps on selling.

Rules: It fits perfectly with my rules of ideal business. It’s remote, location and time independent, free of regulations, doesn’t require physical assets or employees, is in finance industry, with wealthy customers, employing high fees and delivering high impact, with little competition and a simple offer.

Why I’m doing this

There are many ways to earn money nowadays. When I first started my entrepreneurial ventures, I looked at what everyone else was doing. My motto was pretty much “well if he can do it, sure as hell I can do it”. But sooner or later, I realized the businesses I was pursuing had nothing to do with my passion. I was really doing them because I knew there was money to be made, and I had a strong belief I can do it better than the other person.

This year, I decided to do things differently. I stopped looking at what everyone else is doing and started thinking what I want to do.

It scares the shit out of me to pick one niche and pursue it with all my heart. But isn’t that the definition of a worthy pursuit?

As much as I’m scared and doubtful, I’m also excited and motivated to get this off the ground.

That being said, if you are an investment newsletter creator or you know someone who is, get in touch here.

-Anze