What kind of business do you want to build?
The Indians and Lebanese, for example, are famous for building legacy businesses.
The father builds a business that his kids can inherit and continue after he’s gone.
As a result, they start getting their kids involved in the business from an early age.
In America and Europe, the taste is different.
Many entrepreneurs, especially in tech, prefer to build a business they can sell for a lot of money.
The goal is to build a valuable business that allows you to retire early.
But for entrepreneurs like Elon Musk and Mark Zuckerberg, they will never retire early or sell their companies.
These kinds of entrepreneurs are building their business for a very different reason.
So, what kind of business are you building?
In this week’s episode of the podcast, I explore the 4 major types of businesses that most entrepreneurs build.
The kind of business you build will determine the kind of funding or capital you can raise.
The kind of business you build will influence your business strategies and the key decisions you make in your business.
You’re going to learn a lot from listening to this.