jump to navigation

The Ideal Business October 1, 2006

Posted by mark in : General , trackback

Extracted from Richard Russell’s most popular article on his Dow Theory Letters website [via "The Independent"], The Ideal Business… :

  1. …sells the world, rather than a single neighborhood
  2. …offers a product with an “inelastic” demand
  3. …sells a product which cannot be easily substituted
  4. …has minimal labor requirements
  5. …enjoys low overhead
  6. …does not require big capital outlays
  7. …enjoys cash billings
  8. …is relatively free of gov’t and industry regulations
  9. …is portable or easily moveable
  10. satisfies your intellectual needs
  11. leaves you with free time
  12. …is one in which your income is not limited by your personal output (lawyers and doctors have this problem)


no comments yet - be the first?