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One Thing: Day 323: Economic Laws
Day 323: Economic Laws
Yesterday I was explaining how you can get your business coaching going with insane speed with immense clarity.
Speaking of clarity…
The government tells me I can have gatherings of 8 People without issues.
I told them I don’t even know 8 people without issues.
In other news…
Please stop asking rich people for money and poor people for advice.
Your ONE COACHING THING Today Is:
At a young age, I was sponsored by a National Business Association to consult small business owners overseas.
Probably sounds more impressive than it was…
I was earning about 4 dollars per hour.
But I learned a TON at a young age by being exposed to their magic of licensing and franchising.
Otherwise stated I learned how to “scale” a business and was introduced to a business term I had never even heard of prior…
‘Intellectual Property’ (IP).
I’ll start with a reminder from what I explained last week.
The old factors of production and the ones they still teach in school looked like this:
- Physical Labor
The new factors of production in 2021 and beyond look like this:
- Reach / Distribution
- Computing Power
If that’s not enough to get your hamster wheel running…
Here are my 6 reasons that you and your high-end coaching clients should understand IP and the dynamics behind intangible resources.
1. Economic laws taught in school… no longer hold true.
An example would be the law of diminishing marginal returns has been replaced by the law of increasing returns due to mechanisms of positive / negative feedback.
2. Intelligence is now a stand-alone product
3. Labor and capital are no longer the fundamental resource of production… it’s intelligence.
4. Business processes are becoming more and more knowledge-intensive.
5. Physical strength is unnecessary when intelligence is effective (robots).
6. Management principles have adjusted because intangible resources need to be managed very differently than tangible ones.
If you want to stay ahead of the curve and help your high-end coaching clients do the same…
Intellectual Property (IP) is something you should understand at a high level.
You heard it here first.
Obsessed with your business coaching success,
Karl Bryan aka King Karl
PS. People don’t care about what you say… they care about what you build.
PPS. Marriages break up from lack of money… over lack of love X 100.
Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.
As good business coaches we save marriages, save families, save kids from self-destruction… we save lives!
A true life of purpose.
PPPS. If you’re looking for a proven system to follow for your coaching…. I created business coaching software and high-end step by step training to support it…
It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’
Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?! And a proven coaching system created for you to follow with your new coaching client.
Reply to this post if you want to start following a proven coaching system.
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