The following are some success formulas:
Formula 1: “The Basic or Foundation”
- Reason Why
- Dream
- Research
- Create a game plan
- Perform a wide test
- Perform a specific test
- Get a clear wide vision
- Get a clear specific Vision
- Recruit the right team
- Roll-out
- Kaizen
Formula 2: Arbitrage Exploitation
- Find a business model
- Identify arbitrage
- Exploit arbitrage
Formula 3: Consolidation
- Find a good business model
- Consolidate models
Formula 4: Joint ventures
- Identify good business with complimentary skills
- Match good businesses
Formula 5: Trading/Bartering
- Trade desired items with less desirable item
Formula 6: Brokering
- Perform a service, or provide goods for a transaction/administration fee