Diversify Revenue Models and Focus on Purpose in Business

In building a business, it is crucial to think beyond traditional revenue models. Instead of limiting oneself, consider experimenting with different ways to make money that align with the value you provide. For instance, it can be more beneficial to charge based on the outcome of your service rather than by the hour. Flexibility is key in entrepreneurship, as plans can change unexpectedly, requiring adaptability like a nimble boxer. Moreover, a strong purpose beyond profit is essential for long-term success. New businesses should focus on making a positive difference in the world to attract both customers and employees who align with their values.