In a conversation, a while back, with Aaron Offshore he spoke about a business he was looking at and he mentioned it had, “the right formula.” In context, I knew what he was referring to but I will explain. He was referring to the fact that a business that has the ability to pay more and more for the same amount or less work has the “right formula.”

As a Family First Entrepreneur, these types of businesses with the right formula are perfect because they allow for more time, and in a family, that is the most rare commodity. An average American’s adult life will have less than three thousand weeks in it, and after figuring that, the first thing I thought of was wow, what am I going to do with this precious week. If you do the math you have less than one thousand weeks before the kids leave home. We all know how fast a week can slip by, don’t waste one of them working inefficiently.

Family First Entrepreneurs must be mindful of how every moment is spent as to allow time for the most precious things like rolling on the floor with your four year old, or teaching a teenager the value of hard work. Family’s and their members spell love T-I-M-E. Get in as much of it as possible and pick ventures that have the right formula.