Mar 19, 2024
#213: As per The E-Myth Revisited by Michael Gerber, most business owners start as technicians.
For them to move past being the chief cook and bottle washer, they have to learn to improve their systems and create repeatable processes that others can do.
The goal is to get to a point where personal needs are met and there is a little extra to take care of others, gain more freedom, etc.
Part of that process includes learning to think like an investor.
While many people make decisions based on the short term and what feels good, investors think about the long term.
Charlie Munger said, “Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it’s time.”
Some of the characteristics of those who think like investors are:
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They know the best path isn’t always intuitive
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They balance their decisions for both short and long-term gains
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They understand math
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They know how to view others
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They invest in what they understand
By listening to Think Like an Investor, you’ll learn actionable steps on how to think and make better decisions today. Your current and future self will thank you!
Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
Listen and grow!
Your Financial Coach,
Billy
P.S. If you or someone you know is looking for a plan to dial in their finances and achieve some financial freedom, book a short call with me here!
P.P.S. You can book a call at that same link if you are interested in getting your financials dialed in and efficient with bookkeeping. Remember there are no successful fitness business owners who don’t have accurate financial records and reporting! It’s an absolute game-changer and one of the best things you can do.