Episode 636: “As a successful business owner, how can you advise me for starting a 2nd business?”

Today’s episode was recorded on the beach of my private island in Fiji. Recently, I made a request on Facebook for people to send in questions for me to answer about your business. I received some good ones that I am going to record for you over the coming days. Today’s question is from Sally, who is a very successful business owner who is considering starting a second business and wants to know what advice I can offer her.

I talk about the criteria for creating a successful business; which includes documenting all of your processes and hiring capable managers to oversee your operations so that you have to freedom to do other things.

I discuss how you can take the freedom that comes from having a well oiled machine in your primary business and turn that time into setting up a secondary business – ideally, a business that can work in conjunction with your primary business to support each other.

I explain how I my current business interests are very closely aligned so that each one supports the other and allows me to freedom to focus on other things.

To learn how to build your own online business, join the MOBE Affiliate Program.

For tips on how to grow your business, click Here.

If you like this video marketing tip and want more, go to AskMattLloyd.com and subscribe, and I’ll send you a new one each day for free.