Planning the Next Step

Hello, my friend and future millionaire. 

Welcome to this episode of The Money Wheel. 

My name is Don Shade. 

Now what I’ve been covering in the last couple of episodes is what it takes to build a team and what it costs to do that and all those steps. 

Walk with me here and let’s say you already have your team built, but I want you to make sure that you do this the whole time with this is to write in your accountability journal.

What happens on a daily basis… and I don’t mean every little detail. 

I mean, stuff that you want to remember.

And what I want you to think about is this the way you build successful businesses when it comes to online businesses and different things like that, you always want to be thinking of what is the next stream of income that I can put together.

So for example, if you’re building something that is in the health and wellness industry, and you’re putting together that, and you have help to be able to do the technical end and all that kind of stuff that maybe you’re not good at it.

You stick to just what you know; you’re teaching people how to lose weight and exercise and all that kind of stuff.

Well, what I want you to think about is what happens if that business just takes off and in the next few months, it makes you over a million dollars.

Let’s look at the next stream of income after that, when you build a business like that, and it is an extreme success, you have a system that you can put together and you can sell to other people that shows them how to build their business.

For example, my real estate business did 71 deals in three years, and I used other people’s money to do all of it.

I had to, I didn’t have any money on my own. 

What made that such a Rocky story is that I have cerebral palsy and I couldn’t do any of the physical labor that it takes to run a real estate business where you’re doing rehab work.

So I built teams of people around me to handle everything well. 

Once I did that in the beginning, it didn’t look like I was ever going to have a real estate business.

The people that I went to classes with and did training with, they were talking about buying their first house and their second house.

And I didn’t have any properties yet. 

The same thing may be happening to you. 

Maybe you took some other training and you’re trying to build an online business and it’s just not taken off for you.

Well, if you’re somebody that’s putting a team of people together, once you get that team up and running, you’re going to blow by these other people like they’re standing still.

And what that allows you to do is create another sellable product. 

And that sellable product will be the steps that you took to build your business to the level of success that it is.

That’s everything I have for this episode of The Money Wheel.