1. Achieving Financial Independence
In the early stages of a new business, it is usually the founder who takes on many tasks themselves. With progress over time, the goal is to delegate secondary tasks so that the executives can focus on the 20% of tasks that will generate 80% of the results to scale the company.
The main objective is to be able to answer yes to the question: “If I were not present, would my company still generate money?” That’s an excellent indication of whether or not you are financially independent.
If you have several sources of income, you will get that much closer to becoming financially independent.
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