Please enable JavaScript.

Coggle requires JavaScript to display documents.

Mentorship Program - Coggle Diagram

- - - - Write your top 5 Dreams and Goals
      - Short ,Mid, Long Term
      - Budget your Dreams
      - Time Estimation With Plan A (Job)
      - 2 Options
        
        Reduce the size of the Dreams based on the income
        
        Increase the income Source to match your dream.
        Create Plan B
  - - - Works for someone
        Sells his skills & Time to make Money
        Active Income
        
        Challenge:
        
        No Time Freedom
        
        No Money Freedom
        Someone else controls the Hike, promotion
        
        No Financial Security
        Due to frequent Recession, Automation,
        Tech Change, Corporate Politics
        
        Which adds to Stress and affects the lifestyle
        
        No Legacy to transfer to next Generation
        Next Generation again starts from Zero
        
        80% People Live here fighting for 20% world wealth
    - - Freelancing
        
        like having 2nd job -works for himself
        
        Time based Effort
        
        Limited Income Potential which can't scale
        
        Mostly not Sustainable for a long term
        when family demands more time.
      - New Startup/ own Biz
        Need Capital, Competition, High Risk
        Validate the options with proper parameters
        
        Validate: Biz Survey - 8 Parameters
        
        Initial Setup Investment
        
        Monthly Running Cost
        
        Years to Recover investment & break through
        
        No. hours /day you worked in initial days
        
        Any Mentorship Available
        
        Profit Potential (Approx.Range?)
        
        Can run Part time?
        
        Is it provide Residual/Passive Income?
        
        Challenge:
        
        Need Huge Capital
        
        Mostly can't do part time in longer run
        
        High Risk
        
        High Competition
        
        Volatile Market
        
        No Time Flexibility
        
        95% startup fails in first 5 years for various reasons only few survive
      - Join Other People Successful Business
        in Profit Sharing mode
        
        Benifits:
        
        No Big Initial Set up Investment, No Bank Loans
        
        Don't have to Quit Job
        
        No Risk
        
        System Driven Model
        
        Mentorship is available
        
        Training on new skills provided
        
        Low Monthly Operational Cost
        
        Can be done Part-time -2-3 Hours/Day
        
        Has potential to scale and replace job income
        
        No Monthly Target, can grow in their own time
        
        No Boss, No Employees, No Office, No Biz Head ache
        
        Expected:
        
        Attitude to Learn
        
        Attitude to work hard
        
        Accountable
        
        Teachable
        
        Humble
        
        Respect everyone
        
        Investment Mindset for Self Education
    - - Build System, Teams, Leaders
        Typically : More than 500 Team Size
        Asset-Based Income - Passive Income
        His Business\system works for him
    - - Big Investors (`Cr)
        Money Works for them
        Passive Income