Unscripted: Life, Liberty, and the Pursuit of Entrepreneurship pdfdrive com

I
literally commented on every thread created.
That's right, every thread.
Sometimes I just talked to myself. Think that was time-consuming? Or do you
think I just kicked my feet up on the sofa and smoked a cigar while daydreaming
about the forthcoming passive-income avalanche?
Entrepreneurs who play this game with a foremost objective of passive
income are delusional. And if I had to guess, lazy.
Your business bull’s-eye is a productocracy and fiduciary entrepreneurship.
Much like value is a predecessor to money, a systemized productocracy is a

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predecessor to passive income. Honor the Commandment of Time; don’t
collapse to your knees and sacrifice your firstborn for it. With a productocracy in
your corner, passive income eventually comes knocking. 
HONORING TIME: LEGACY VALUE CREATION
To honor the Commandment of Time, simply forget about it. Yeah, forget
about it, but only in the short term. Instead, focus on 
legacy value systems
(LVS)
for the long term.
Essentially, an LVS is your personal slave that surrogates for time. Legacy
value systems could be grown virtually from anything: a product invention, a
game, a franchised restaurant, a smartphone application, a website, a human-
resource system, a series of books, or any system that exists as a conceptual entity
disconnected from your time.
If the Commandment of Time were a fruit tree, legacy value systems would
be its seeds while its fruit would be passive income. When you focus on
nurturing the legacy value’s seeds, eventually passive-income fruit sprouts. And
you can’t enjoy the fruit without first caring for and cultivating its seeds.
For example, this book is a legacy value creation and falls into the category of
a product system. Once I published this book into both digital and paper form, it
existed as a tangible product sold through multiple channels, which aptly, are
also systems. 
Its physicality doesn’t require my existence
or, hence, my time. I
could be dead and my books would live on. Like doppelgänger robots, they work
while I don’t. At the precise moment you bought this book, I made a small
amount of money. Who knows what I was doing at that moment: I could have
been sleeping, exercising, or at the dentist.
Another example is the Internet company I founded. That system also
worked for me 24/7, never shut down, complained about long hours, or called in
sick. I’ve been long gone, and nearly ten years later, that system still exists. My
entrepreneur forum? Another system, again, surfing perpetually through time
and producing income on the same “round-the-clock” schedule. There are some
days I “work” twelve hours and make $200. Other days I can work two hours and
earn $2,000. Once you experience the power of legacy value systems and being
“on the clock” 24/7, the idea of trading your time for money will seem as obsolete
as dial-up Internet.

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