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In today’s episode you will find out whether millennials can destroy all old businesses or not. We will talk about the life of millennials in general. What do they do and what should you do as a millennial? You will learn how to use your strengths as a millennial to build an awesome business.
Some people think that having employees and outsourcing work to them is lazy. They think that this is not a real business. It is important to them to do the actual work and that is the only thing that matters.
There are people who prefer to have a nice and steady income. On the other hand, there are people who are risk takers. They usually take most of the profit from the business if it goes well.
It is completely normal to have people working for you, outsource to cheap countries and minimize the work you put into the business.
Even if you do not have a lot of money to invest, you hire people to work for you.
The people who do all the work think that automation is not important. That is not true at all.
Business is about creating processes. You should avoid doing the actual work and that is the way you can grow your business. Avoid doing the small repetitive tasks and hire people who can do it for you. Only focus on the most important stuff on your business.
Hiring people who can take the workload off from you will help you reduce stress and be more productive when you are dealing with your tasks.
If you are the smartest person in your business, you are definitely doing something wrong. You do not need to like your employees. What you need is someone smarter than you who will help you grow your business.
Having a team of “A” players that improve your systems for you can bring you tens of millions of dollars.
You have to use tools and software programs that can help you automate your business. For example, you can arrange a meeting with a client using a booking software instead of going through the hustle of exchanging messages through your phone.
That tool will add the meeting in your calendar and automatically gives you reminders.
There are a lot of teenagers nowadays that have really good business and making very good money.
On the other hand, there are old business owner who have been doing the same boring stuff in their business for years. That means they are going backwards. They are not innovating their business, they are using the same old strategies which are not that effective.
The old businesses are going to be pushed out of existence completely.
The boring jobs are being replaced by software and AI. Very soon people will no longer need to have boring jobs where they have to do boring repetitive tasks.
As a result, employees will be able to do higher level stuff and managers will do even higher level stuff. The quality of life is getting better and better.
You can build really good skillsets and use them to make your dream business that will allow you to travel the world and explore everything around you.
