Service Businesses

Rule #9: Work yourself out of a job.

Service businesses are great (in theory).

Crack open your laptop from anywhere in the world and help people solve problems. What's not to like?

I've been around this loop dozens of times.

Minimal overhead (a computer and some software), just a bit of talent, marketing, and sales, and you're away.

But where do most service providers end up?

Burned out, overworked, and underpaid. 

Why?

Because they don't have a business, they have a job. 

They don't create demand, they respond to demand.

They don't build process, they reinvent the wheel every time.

Again, in the short-term - exposure to many problems is a valuable and insightful process, it helps you figure out what you're good at, but until you commit to a problem and start creating demand, you're stuck in the loop.