What's the primary reason people go into business?

The primal reason is money - it's the central motivator for most entrepreneurs.

Can pursuing a passion lead to business success?

Yes, many entrepreneurs turn their passions into profitable ventures.

Is starting a business a way to gain more control over one's life?

Definitely, it offers the freedom to control schedules and be one's own boss.

How does innovation play a role in starting a business?

Entrepreneurs often start businesses to innovate or fill unmet needs in the market.

Can starting a business help in creating a lasting legacy?

Yes, many entrepreneurs are motivated to build something enduring.

Do business owners face challenges and risks?

Absolutely, starting a business involves facing various challenges and risks.

What's the benefit of escaping the employed world by starting a business?

It allows individuals to align their work more closely with their personal values and goals.

Is money always the key to happiness in business?

While money is a primary motivator, it doesn't always guarantee happiness.

How important is setting realistic financial goals in business?

Extremely important, as it helps in measuring success and guiding decision-making.

What's the first step to take if not earning the desired money in business?

Determine the exact financial goal and assess how it compares to current earnings.

How does one get out of 'fantasy land' in business planning?

By setting realistic, concrete financial targets and working towards them.

What does it mean to be the 'Fat Controller' in one's business life?

It means being in charge and responsible for the outcomes in one's business.

What role does skepticism play in evaluating business success claims?

It's crucial to be skeptical of unrealistic claims, especially those promising quick riches.

How can one assess their chances of business success?

By realistically evaluating market conditions, personal skills, and business viability.

What price do business owners pay for success?

Success often requires significant time, effort, and persistence.

Is business success guaranteed for everyone?

No, success varies and is not guaranteed; it depends on various factors.

How does one refine their business approach?

By continually learning, adapting, and improving business strategies.

What does 'doing different stuff' mean in the context of business?

It means changing strategies or approaches to achieve different outcomes.

What percentage of businesses fail in the first five years?

Approximately 80% of businesses fail within the first five years.

How does one bridge the gap between current and desired business success?

By identifying the differences and implementing targeted strategies to achieve goals.

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Brett Slater

Nov 22, 20231 min read

Show Me the Money: Hamilton Business Advisor

Updated: Feb 17

Show Me the Money: Hamilton Business Advisor

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