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The Secret To Building Multiple Businesses - Chris Koerner
Boring Businesses
Seek Simplicity for Success
Focus on industries that generate quick free cash flow with minimal investment and avoid complex businesses with uncertain outcomes. Prioritize binary outcome scenarios that streamline service delivery, as simple transactions lead to clearer expectations and satisfied customers. Move away from intricate projects that increase the risk of customer dissatisfaction and operational complications, such as custom home building or detailed painting services. Embrace growing industries with straightforward demands to enhance profitability and maintain focus on immediate financial returns rather than distant equity gains.
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