How to Build A Business That Supports Your Lifestyle

11/05/20 • 27 min

Topics Covered:

The challenges that we have in business and in life has that money component to it [2:10]
Why do so many entrepreneurs fail at achieving this lifestyle that they so desire? [3:46]
What is a life plan? [6:29]
Write it down—what is important to you? [8:04]
What does taking care of my family mean in reality? [11:46]
What is your exit plan? [13:40]
The life plan makes the business plan more accurate because the business plan delivers what you want in your life plan. [18:28]
There really is no get-rich-quick-scheme. [21:16]
If you have your self-managed company operating, you can do a lot of things and still enjoy life. [22:08]
Closing Remarks [24:46]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast

Topics Covered:

The challenges that we have in business and in life has that money component to it [2:10]
Why do so many entrepreneurs fail at achieving this lifestyle that they so desire? [3:46]
What is a life plan? [6:29]
Write it down—what is important to you? [8:04]
What does taking care of my family mean in reality? [11:46]
What is your exit plan? [13:40]
The life plan makes the business plan more accurate because the business plan delivers what you want in your life plan. [18:28]
There really is no get-rich-quick-scheme. [21:16]
If you have your self-managed company operating, you can do a lot of things and still enjoy life. [22:08]
Closing Remarks [24:46]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast

Topics Covered:

Do you want to be rich or do you want to be wealthy? [0:52]
Money does one thing very very well- it buys you options [1:11]
The important thing is what do you desire for yourself [2:49]
Building wealth is a journey [3:35]
If you're not moving forward, you're moving backward [4:25]
Peace of mind is something that is priceless [5:03]
What it means to be rich [6:05]
Why is networking so important [7:45]
You really should only save until you get to the point that you can start investing [10:38]
You have to invest [11:24]
We can't have everything we want at the same time [12:58]
You deserve to celebrate your success but it is a journey. Don't fall asleep. [13:44]
Calculate now what the lifestyle you desire in your golden years is going to cost. [14:42]
A rule of thumb [17:09]
Investing in real estate [23:59]
Become conscious of what it will take to have peaceful, enjoyable, and happy golden years [26:37]
Closing Remarks [27:05]

Connect with Ron Escoffery:

Don’t miss the next episode! Subscribe to the African-American Business Owners Podcast on SimpleCast.

Topics Covered:

Find one nugget that will slowly but surely transform your financial life [1:27]
A lifestyle entrepreneur is... [2:50]
The desire to become a lifestyle entrepreneur [5:13]
Have a vision of what you want that lifestyle to look like [5:34]
I want you to write it down [6:10]
The focus, the discipline, and the steps are important [7:45]
Perfection is a synonym for procrastination. [9:29]
Knowing where you are...where you’re starting from [10:38]
Do you have a clear vision of what the next small step should be? [12:09]
We really haven't failed until we give up [17:33]
Failure is not a bad thing [18:00]
Do not spare on your dreams when you're writing your lifestyle plan [19:20]
Pick people who you want to associate with [21:10]
It will be problematic at times, discouraging at times but... [27:09]
I hope that every mistake I make is a building block to more clarity, more progress, more joy, and more peace of mind [28:51]
Closing Remarks [30:19]

Connect with Ron Escoffery: