How To Choose The Right Business Model

How To Choose The Right Business Model : Congratulations you are here because you are looking at getting started in business and becoming an entrepreneur. This is most probably your research phrase so its an ideal time to look at the options available to you and choosing the right business model.

We’ve had both a traditional business (our accountancy and management consultancy business) and an online business so we are well placed to advise on the differences between the two different models and what we see as the advantage of having an online business in the digital economy we all now live in.

You can read our story about how we transitioned from our more traditional business to an online business and why we did that on Our Story Page

How To Choose The Right Business Model

In this video, our mentor Matt Lloyd answers the question “I want to start my very first business. What’s the best advice you can give me?”

Matt Lloyd talks about trips home which remind him of a very important lesson about business – how to choose the right business model. How his parents who have a traditional business in Perth Australia (a wheat farm) only know that model and now in their sixties are still working hard in that business. We really resonate with that because that could have been us and realistically most traditional business owners don’t see a way out.

Matt uses the example of his parents traditional business and talks about getting this wrong, and you are potentially dooming yourself to years of struggle.

You hear him discuss what makes a good business model, and what makes a bad one.

Plus you’ll also hear why choosing the right niche from the start is another critical decision.

And why online affiliate marketing is one of the best.

Clearly we are biased towards an online affiliate marketing business for all the reasons that are talked about and because it’s given us a replacement income and the flexibility to work from anywhere in the world and fulfil our goals and dreams.

Our advice is to think about your personal situation and to be clear on what it is you want out of your business and life so that you are able to choose the right business model for you.

We invite you to look at online affiliate marketing while you are here, speak to one of our professional business coaches and see if it is the right model for you.

You can check out our friend Steven’s story and see what he has to say abou what choosing the right business model has done for him and why he’s created a system for beginners to follow.

Related Articles

Top Entrepreneurship Tips From Gary Vaynerchuk

The Truth About Affiliate Marketing

Recommended Books

The Cash Flow Quadrant – Robert Kiyosaki

Thanks for reading and look forward to seeing you back again very soon

Who Are We

We’re former accountants of a certain age (60+) with 5 great kids and 4 grandchildren. We love skiing and traveling the world and have achieved a fabulous life helping others to start and build a successful business online and now speak on international stages following that passion and helping transform lives. We started an online education and training business helping entrepreneurs in their 40’s, 50’s and 60’s create their ultimate retirement breakthrough and find a way to fund their retirement and fulfil their passion and purpose as midlife entrepreneurs. Our worldwide educational business is centered on online marketing business education, financial literacy and wealth creation and a desire to help you create financial freedom through online entrepreneurship whatever your age or experience.

Authors : The Mindset Shift