Edwin Dearborn

3 years ago · 2 min. reading time · ~10 ·

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Your Cornerstone to Financial Sovereignty

Your Cornerstone to Financial Sovereignty

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I want to share with you a common theme that keeps appearing, one about Financial Sovereignty.

Since the chaos of Covid19 hit in early March of 2020, I have been on a quest to rebuild my business model. One that could survive the arbitrary laws and rules that could force any business into a status of “non-essential.”

My burning question was, “How do I thrive during chaos and uncertainty?” 

Over the last few months, I have reached out to a number of podcasters and have been interviewed by several. And each one of them asks, in their own words, “How can we survive these crazy times?”

Personally, I want to do more than just survive. I actually want to rebuild everything around financial sovereignty. In other words - build legacy wealth.

I want so much money that it lasts well beyond my lifetime. Wealth that helps my future generations endeavor to become educated and do great things.

The Cornerstone

The cornerstone is your network.

A large and robust network which is strategically built with the right ventures, the best possible partners, and the most ideal clientele.

Moreover, I desire that all of these people are centered around brands which deliver high value, amazing service,  products that we can all stand by and be proud of, and incredible experiences which intrigues the mind and inspires the heart. 

But without the right team members, businesses will always struggle. Without attracting the right audiences, you cannot build a profitable business.

Example: there are many places in Las Vegas one can find amazing food. But is offering amazing food the only factor to success? 

Not for McDonald’s.

McDonald’s has systems that people can operate, producing food well below the quality of most restaurants in Las Vegas. Yet, they remain in business - making money - while other restaurants with much better burgers go under. 

Building A Network, Attracting Attention

If you struggle with knowing how to build a network and attract attention for what you build, wealth will not be earned. And if you do have some, for some reason, you most likely will not hold onto it if you do not develop these critical skills.

"Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they’ll do wonderful things with them." - Steve Jobs

My 7-Point Pivot Strategy 

  • Find specific businesses which are recession proof and can be operated from home or on the road.
  • Either start these anew, or create joint ventures with existing ones who want to grow and evolve with my expertise and help.
  • Out brand, market and promote the competition.
  • Out deliver the competition.
  • Re-invent or reiterate old business models within those industries.
  • Keep the foot on the pedal and never look back.
  • Rinse and Repeat.

Care to join me?

Comments

Edwin Dearborn

3 years ago #2

#1
Good to hear!

Jerry Fletcher

3 years ago #1

Edwin, I haven't stated a pivot strategy but I'm operating in a similar fashion and assisting clients as they make the turn. Good advice. And so it goes.

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