A Rule Change Can Take the Business You Built. Find Yours First.
from Rebuilding with Damon-Charles Williams Hosted by Damon-Charles Williams
Every decision has a runway. Make sure it’s shorter than the rule you’re standing on. From 2004, I ran a payday loan store on Baseline. The business depended on Arizona’s payday law, and that law had an end date of June 30, 2010. In 2008, voters rejected Proposition 200, and the climate changed. Loans written in 2009 would run past the end date. We closed in 2009, and almost none of the outstanding loans were ever collected. The loans weren’t the real asset. The customer list was. If I had it to do over, I would have started serving that list in new ways the day Proposition 200 failed. Know which rule your business depends on, and when it ends. A license, a permit, a law, a platform’s terms. If you don’t know the date, you don’t know your runway. This episode’s prompt is What Am I Standing On. It sets AI up as a business analyst and gives you a list of the rules you’re standing on, a read on your runway, and what your customer list is worth outside your main product. Get the full prompt in the Prompt Library: https://www.patreon.com/Damonrebuilds Have a business question? Call 602 900 8833 and ask it. Your question could be answered on the show. What you hear is what I lived and what I’d do. It’s not legal or financial advice. Everything I build runs on HighLevel. Start a HighLevel trial: https://affiliates.gohighlevel.com/?fp_ref=mathematic-37 I earn a commission if you sign up through this link, at no extra cost to you.
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