My End Goal

*Updated March 24th, 2018: 

I was really thinking the other day, and I realized that my actual goal has much more to do with lifestyle than to do with business. I want to be able to have the freedom to just hang out with my wife when I want to, and to do what I want to. That is why I wanted to start a business with my wife in the first place. You see, I thought that if we just both worked in a company/hagwon, then we would not be able to see each other much, especially if I worked in an English Hagwon and she worked in a Korean company. She would probably work 9am-6pm (Monday-Saturday), and I would work 2pm-10pm (Monday-Friday) and tutored on the side, which does not give us much time for each other. So I have updated my goal to reflect what I truly want.

My One (Run-on) Sentence End Goal: 

To have a lifestyle that allows me to be free to spend time however way I want with my family by building businesses that do not require me to be physically present, which will create jobs for others and generate money while being paid to help others to do the same.

Breaking Down my Sentence: 

I want to have a lifestyle where I am able to spend time the way I want. I missed two very important funerals, both of my grandmothers. I wish I could have been there, but I couldn’t because of various reasons, one of the reasons being money. I do not want that to happen with my own parents, so I have to work to make sure that doesn’t happen.

I want to be able to just not show up to any of my businesses and have them running. My businesses should all be self sustainable, so I can focus on other things, or go to certain places (countries) if I choose to do so, at any time.

I want to make a good amount of money. I want to. make at least $100,000 US a year after all business expenses. I thought that this was a big amount in 2017, but this much can possibly be made in 2018 (if we have an awesome year at Flower Gift Korea and other businesses generate more sales) from my combined businesses. So I will push that up to $200,000 US in a year. I think it will take much longer to reach this amount, but I can probably reach this number by 2010. But more importantly, I want that to generate constant cash flow. I will have this money coming in from some of my businesses that I will not be working in, and from others that I will be.

*Currently I am aiming to make an average of at least 10 million won a month of profit. I am almost there, so it is important that I do not get lazy and keep looking for ways to get even beyond this.

I also want to be THE small business guy in Korea. I want to create jobs for others and I also want to write a book one day and provide coaching/teaching to those who want to start a business (or create money for themselves in creative ways), so that they too can create a lifestyle they enjoy. But I need to be patient because I need to create this for myself first.

Businesses:

FlowerGiftKorea.com – This business should be purely online and when anyone in the world thinks of flowers and Korea, they should automatically think of Flower Gift Korea.

Hagwonstart.com – This business should be a finished resource site that is filled with quality content that is accessible to its members. I will continually maintain this website when possible.

Business #3 – This is going to be a website for the Flower industry that I am working on

Business #4 – This is going to be my trade (import and export) business

Business #5 – English Hagwon

Real Estate Investments – Not Sure Yet, the only Real Estate I own, actually my wife, is my home right now. It’s not much, but hey, it’s a start.

Becoming THE Business Guy in Korea – Whenever anyone thinks about doing business in Korea or being an entrepreneur in Korea, I want them to think of me, Tony Choi AKA Tony Teacher.

How to Achieve All of This: 

Grow Flower Gift Korea first, continue to network, and build as much content online as possible.

Past Thoughts:

*Updated July 25th, 2017:

I was really thinking the other day, and I realized that my actual goal has much more to do with lifestyle than to do with business. I want to be able to have the freedom to just hang out with my wife when I want to, and to do what I want to. That is why I wanted to start a business with my wife in the first place. You see, I thought that if we just both worked in a company/hagwon, then we would not be able to see each other much, especially if I worked in an English Hagwon and she worked in a Korean company. She would probably work 9am-6pm (Monday-Saturday), and I would work 2pm-10pm (Monday-Friday) and tutored on the side, which does not give us much time for each other. So I have updated my goal to reflect what I truly want.

*Updated July 12th, 2017:

I was thinking the other day and realized that I wanted to be known as the “Business Guy for small businesses in Korea” and not just the “Business Guy”. I think small businesses are very important and that more and more people will create small businesses for themselves, which will allow for them to create a lifestyle that they can enjoy.

*Updated July 2nd, 2017:

I still want to create jobs for others, but I must be able to be financially free first before I can do that. I also would love to coach others and motivate them to achieve their business and life goals in Korea. But I am not willing to be a coach who will meet in person at the moment. That is why I am offering the online coaching group, “take action”. That is just available, but I’m not pushing it at the moment. My main focus is growing Flower Gift Korea.

*Updated May 24th, 2017:

I am not sure if my end goal is truly what I have written below. Sometimes I think my end goal is to just live a comfortable, happy life. Though I am working towards this goal, it seems like I am in no hurry to actualize it.

*Updated April 8th, 2017:

I have always known that I needed an end goal, and I have always had one, but it has never been clear, so I hope that I can create a clear one. Here is my first online attempt. I have created a bunch of end goals and success paths on paper, but never online. I don’t even know where those sheets of paper are at the moment, so I think it will be best for me to make it available here, so I can remind myself and make updates as needed.