Hello and welcome to Business 300.

My name is Philip Kulenshov and this is 300 seconds about business.

We're all a busy people, so I have five minutes or less to get my point across.

This will be over before you know it.

Is it possible to be in the wrong business?

Yes, it is.

And it depends on what you mean by wrong.

Choosing the right business model makes a huge difference in the success you experience.

Some business models are all effort and minimal reward. Others are leveraged. If you care about your ROI, financial or otherwise,

choosing wisely matters. Some businesses require 100 moving parts to make $10,000 a month. Others need

three tools and two deals to make seven figures. Okay, yes, it takes years to find or develop those tools and years to learn the skills to be able to source and close deals like that.

So it's not necessarily apples to apples from the get-go.

So let's not look at a day in the life.

Let's look through a 10-year lens.

If you grind and hustle to learn and work for 10 years, does this business model you invest

your time, effort, and money into matter? Absolutely it does. We'd be a fool to say otherwise.

The business model you're working in makes a big difference. Let's say you get yourself into a

mismanaged chaotic business situation. Maybe you bought it or maybe you started it and let it get

there.

Is it fixable? Yes, I do believe that every business can be fixed, given enough time, money,

and effort. As long as there are customers who need what your business is offering,

you can build around it. However, the real truth is that not every business is worth fixing.

...