The Best Business Model Today: Q&A on Entrepreneurship

The Tai Lopez Show is now available on Soundcloud. Check it out here: Soundcloud.com/TaiLopezShow “Everyone progresses at their own speed. Don’t be in too much of a hurry” - Tai Lopez (click to tweet) Today’s episode is a small Q&A I did recently in Norway, while shooting hoops. I’m talking about how to very quickly judge whether or not a business is a good idea, why freemium is one of the best business models available today, and how to find the right category for you to thrive in. If you’ve ever wondered how you can know what your focus should be, what your business, or passion, or goal should be, this episode deals with how to define that quickly, and it’s through a process I’ve been talking a lot about lately: Experimentation. But it is a two-step approach to experimentation: Experiment initially to try to find your niche, the thing that you enjoy and are good at, and then experiment constantly once you have defined that, within that space, to optimize your results. “Freemium is one of the best business models: give things away for free, and then charge for just a few things” - Tai Lopez (click to tweet) Points to Keep In Mind Judge business ideas by whether they can make a small amount of progress, and money, very quickly Businesses should win and be a good experiment very quickly early on, and then it might take years to build Experiment constantly to find the initial thing you want to work in, and then experiment within that category Freemium is one of the best business models: give things away for free, and then charge for just a few things Everyone progresses at their own speed. Don’t be in too much of a hurry