I'm really thankful for my virtual mentor, Tai Lopez, who taught me this SIMPLE but very EFFECTIVE perspective of how should I look at business in general which I am about to share with you today.

This NEW mindset helps me anytime whenever I lose my focus on where I want to end up in my life. I believe it can help you too! Here it goes, the 3 Types Of Businesses You Can Pursue In Life:

#1: WIN/LOSE - known as Pareto inefficiency.

You force a selfish WIN over the other party's LOSS in anything they have or value. For example, loss of wealth, property, health, mental or physical condition or any other.

A criminal describes best this category who always seek for WIN/LOSE situations. But what can eventually happen? You might get caught one day or bump into a wrong person who might bring you more serious trouble in return.

Not to mention more, you might even get killed. Ouch. This type of business is EXTREMELY risky to pursue.

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By the way, fast food and junk food industries like McDonald's, Burger King etc. are in this type of a business too. They take your money (WIN for them) at the cost of ruining your health (double LOSS for you) in the long term.

All you get is an emotional satisfaction which is caused by so-called chemical biases done by scientists to make you ADDICTED. Same with all kinds of chips, sweets etc. Worth taking a minute to think about.

Okay, let's move on to the second one. Ready?

2#: Nor WIN/LOSE or WIN/WIN

In other words, a balanced approach. Not really Pareto efficient or inefficient. An example would be hotel industries which are not causing any serious malice to society. So yeah.

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And lastly, the one I personally pursue and would HIGHLY recommend you do that too. ALWAYS. You may ask "Why?" and that's absolutely fine. Let's find out.

#3: WIN/WIN - a Pareto efficiency.

In this type of a business people will give you money and will be overwhelmingly grateful for the VALUE they get from you in return.

Tai said that you will get TREMENDOUS motivation when you perceive yourself in this type of a business. Your income will grow AUTOMATICALLY over time and you will be able to live your dream life. Some of the WIN/WIN examples include; providing ecologically grown food, pursuing a music career, writing informative articles, books etc.

The idea behind it is to actually GIVE without expecting much in return. Being honest and excited about what you give. Having a pure mindset to truly HELP. Being a HERO.

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WIN/WIN will build life-long-lasting strong relationships which will help you significantly when having "dark times", in other words, problems. People will come to help you because you helped them. John Salatan (one of Tai's mentors) said: “A good system has forgiveness built into it.”

Which type of a business do you pursue or planning on pursuing?