I’ve been doing some soul searching as of late, and much of it has stemmed from my latest class, “Innovations in Business Marketing”. The class really should be called “Intro to a Startup”. The prof. (he’s a VC) tells stories about the lifestyle of these startup entrepreneurs. How they do not even know their children.

So that makes me think…what do I really want out of life?

I used to believe it was owning the next Microsoft. I’m realizing that I’m not willing to sacrifice my future family (whenever that may be).

My soul searching has led me to believe, that I want to see my children grow up, financial independence, and business creation.

So, what does that mean?

I think a more intelligent/balanced way of going about my goals is multiple small-medium businesses (SMBs). Start a SMB, one that might make only 150k profit a year. Hand if off to someone else to run, and now income from that is only 70k. Only a small percentage of time is needed to oversee it. Now with all that free time, start a new SMB and hand it off. Do this over and over again, and wealth will start to accrue.

Eventually a point is reached when the 8 hour day is spent just overseeing the businesses…Hopefully income is substantial at that point and what I want out of life is achieved.