![]() Requires your input, but can be sold and/or handed over to a replacement after it grows to a certain attractivenessĮ.g. One-person consultancy business, one-person dental practice, a restaurant where you are the star chefī. Cannot operate without you (and hence cannot be sold)Į.g. There are a lot of sub-types within the umbrella term "small business", let's consider the following:Ī. In short, a less risky endeavour than a startup. Furthermore, it does not grow beyond a certain size. ![]() I distinguish between "small business" and "startup" in the following way: we assume that a small business follows a clearly established and easily copied business model, doesn't require much financing, and is profitable relatively quickly. We ignore the gap year/sabbatical type of option, which, whilst often extremely valuable (particularly for planning a real escape), is only a temporary respite and ultimately an illusion of freedom. Founding and selling successful startup (or being a very early employee at one).Extreme saving - and acquiring income generating assets (cash, property, stock, bonds).There are four main ways to escape the rat race permanently: If you are not sure why you would want to pursue this goal, be sure to check out ( GHOST_URL/p/0b0b89ef-8aed-4fe0-a9b5-7b9f471cf327/ "target="_blank) Here, we look at the ways to escape the rat race, and then more importantly, ingredients to improve their potency, and ways to chain these escape methods together so that you can manage your risk. I have been impressed with the urgency of doing. Part 2 is about why quick fixes don't work. ![]() Post are best read in order, but if you want the quick fix then this is the section for you. ( GHOST_URL/how-to-escape-the-rat-race-a-zero-bs-guide-part-2/ "target="_blank) ( GHOST_URL/how-to-escape-the-rat-race-a-zero-bs-guide-part-1/ "target="_blank) Here are the sections, with links to navigate around: This is the final instalment in a three part series. I've created a free site which helps with calculating early retirement in a variety of different places around the world: ( "target="_blank) The response to this post has been powerful, and we've had many requests for tools to help. Menu How to Escape the Rat Race: A Zero BS Guide - Part 3 15 March 2017 on Escape the Rat Race Update
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