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  • NECST

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    Anonymous WnxskUL
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    In his book The Millionaire Fastlane, MJ DeMarco outlines five commandments, known as NECST, that are essential for starting and growing a business exponentially to potentially create great wealth. The commandments are: 1) the marketplace must need what is offered, 2) the barrier to entry must be low, 3) the business model must be highly controllable, 4) the model must easily scale to serve millions, and 5) the business must become autonomous and work while the owner is away. If a business idea fails to meet even one of these commandments, it will likely only provide a job rather than exponential growth.

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    In his book The Millionaire Fastlane, MJ DeMarco outlines five commandments, known as NECST, that are essential for starting and growing a business exponentially to potentially create great wealth. The commandments are: 1) the marketplace must need what is offered, 2) the barrier to entry must be low, 3) the business model must be highly controllable, 4) the model must easily scale to serve millions, and 5) the business must become autonomous and work while the owner is away. If a business idea fails to meet even one of these commandments, it will likely only provide a job rather than exponential growth.

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    55 views1 page

    NECST

    Uploaded by

    Anonymous WnxskUL
    In his book The Millionaire Fastlane, MJ DeMarco outlines five commandments, known as NECST, that are essential for starting and growing a business exponentially to potentially create great wealth. The commandments are: 1) the marketplace must need what is offered, 2) the barrier to entry must be low, 3) the business model must be highly controllable, 4) the model must easily scale to serve millions, and 5) the business must become autonomous and work while the owner is away. If a business idea fails to meet even one of these commandments, it will likely only provide a job rather than exponential growth.

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    © All Rights Reserved
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    of 1

    In his book, The Millionaire Fastlane, MJ DeMarco lists the Five Fastlane

    Commandments (NECST) that are a must to follow when starting and growing a
    business. NECST is a litmus test to determine if a business venture that you
    are in or want to build is Fastlane, meaning Can this business grow exponentially
    and possibly create exponential wealth in your life? If you cannot impact milli
    ons,
    you cannot make millions.

    1. The Commandment of Need


    Does the marketplace NEED what I have to offer?

    2. The Commandment of Entry


    How high is the barrier to entry for this business?
    How hard is it to get into this business?

    3. The Commandment of Control


    How much control do you have over the structure of the business, from business m
    odel to compensation?

    4. The Commandment of Scale


    Can my business model easily scale up to serve millions?

    5. The Commandment of Time


    Are you building a company that can become
    an autonomous system that will work while you re away?
    If your business concept fails to meet even one of these commandments, you are b
    uying yourself a job, not building a business that will grow exponentially.
    Do you want to know if your business idea meets these five commandments? What do
    you do if it doesn t? Don t miss this dynamic evening in a roundtable discussion wi
    th other entrepreneurs on how to ensure your business can experience unlimited f
    inancial growth.

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