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Updated about 16 years ago on . Most recent reply
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"The Next Level"
I often hear the gurus and paid mentors talk about taking your business to "the next level". I'm wondering what that means. Does that mean that you should never be satisfied with the size of your business? Does that mean that there is no point to setting a long term goal, because when you reach it, you need to take it to "the next level"? Can your business ever be big enough or must your business always be getting bigger?
If you have 50 rentals, do you need 100? If you have 100, do you need 200? If you have 200 do you need 500? If you have 500, do you need 1000???
If you wholesale 1 property a month, do you need to do 2? If you do 2, do you need to do 5? If you do 5, should you be doing 10? 50? 100?
Is the goal to be a millionaire? A billionaire? The world's first TRILLIONAIRE? Would the world's first trillionaire need to take his business to the next level?
What do you think? Can we ever get there or do we always need to take it to the next level?
Mike
Most Popular Reply
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To me, the next level was the level where I was able to support the lifestyle my wife and kids wanted. Now, it is to grow an estate for my grand kids and future generations to draw from. That is the final level for me. The problem is what is the amount needed to fund that, not knowing # of offspring, inflation rate etc. Its' fun working on though.