The Ideal Business October 1, 2006
Posted by mark in : General , trackbackExtracted from Richard Russell’s most popular article on his Dow Theory Letters website [via "The Independent"], The Ideal Business… :
- …sells the world, rather than a single neighborhood
- …offers a product with an “inelastic” demand
- …sells a product which cannot be easily substituted
- …has minimal labor requirements
- …enjoys low overhead
- …does not require big capital outlays
- …enjoys cash billings
- …is relatively free of gov’t and industry regulations
- …is portable or easily moveable
- …satisfies your intellectual needs
- …leaves you with free time
- …is one in which your income is not limited by your personal output (lawyers and doctors have this problem)
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