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Who can be a businessman?

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    What is business? Everyone know if you talk about the finance you get more money in business than your job. But what is business and why very few does it? If you talk about definition; "The term "business" refers to the organized efforts and activities of individuals to produce and sell goods and services for profit." Who is businessman?  The one who moves product or services from point A to point B by any means and generates the volume is businessman. What it takes to be a businessman?  One who understand the power of delayed gratitude can be a business man. You ask any successful businessman; the effort it takes in initial stage is immense than you put effort in your JOB. But in the job there is linear income. No matter which position you work for, your income will be inline to your efforts and time you put in. Where as in business your growth is exponential and it depends on how strong your business network is. Your network is your net-worth. Why very few are...

Understanding ESBI

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This is something every individual should understand. There are only 4 legal ways to earn income.  In the left side, there is linear income . Where you trade time for money. Your 100% efforts are required to earn; where as in the right side, it's passive and exponential income . You leverage time to generate money. When you have job; position in company doesn't matter , you trade your time to earn your bread and butter. Your per hour income will depend on the complexity of your profile. Your income is inversely proportional to complexity. Common factor is; you are hired till you are required. As soon as you are not required employer can fire you . This is "E" quadrant . When you have your own shop or practice; apart from your job is in your hand rest everything is similar to jobbers . eg. linear income, 100% effort etc resulting limited income. This is "S" quadrant . When you own a business, you leverage time by employing jobbers and using 1% of 100 peop...