A Checklist

The thing I’ve always admired about Bill Myers, is that he starts at the very beginning.

He decides how he wants to live, how much that’ll cost and then he pursues projects that have high chances of providing that income.

But he goes with his strengths, like software development. He obviously enjoys it and it’s very profitable for him, but he wouldn’t do it unless he knew there was a market for what he developed and that it could return the kind of income he wanted.

Most people don’t do this. They want to earn somemoney or worse, lots of money which means they have no clear income goals and then instead of looking for proven markets that specifically want something, they fall for the latest craze in delivery systems like mail order, websites, ebooks and affiliates.

Then when they make hardly any money, they get discouraged and quit.

Bill’s model for success has saved me many times from projects that seem extremely profitable at the time, but lurking below the surface is large investments in time and or money.

But we all make mistakes, 12 months ago I ran a project through the checklist and it seemed good, but ultimately caused me a lot of headaches, mainly due to the time resources I had to devote. It was very profitable, but if I knew then what was obvious now, I would have passed on it.

Live and learn I suppose.

Richard

PS Years ago at Bill's old board, someone asked him if he thought software development was profitable? His answer......"Ask Bill Gates"