Description: You’ve possibly left your job or reduced hours to focus on your business full-time. You’re scaling operations, streamlining processes, and investing in diversified vehicles (stocks, real estate, etc.).
How to Move Up:
Scale and Delegate:
- Hire part-timers, virtual assistants, or look into automation tools to handle repetitive tasks.
- Create standard operating procedures (SOPs) for consistency.
Diversify Investments:
- Consider real estate (e.g., Pag-IBIG housing loans, condominiums), local/global stocks, mutual funds, or REITs.
- Stay updated on new opportunities but manage risk responsibly.
Protect Your Business:
- Get adequate insurance (health, life, business).
- Consult a tax adviser or CPA for optimizing your business structure (e.g., sole prop vs. corporation).