Do the work once and get paid forever - 36/101 Entrepreneur Mistakes & Lessons

Since I figured this principle out in Summer 2016, I've come to realize this is the most important principle to follow in business.I figured this one out whilst working for my real estate mentor, I realized that he was benefiting from buying a house once and setting it up for rent once. He was doing the work once (buying the house) and getting paid for ever (rental income).You can be happy and competent with your business, but end up working every day making it profitable and generating an income. This is the problem I had with my Potato business, and this is the problem I'm trying to address in my Hemp business.  Looking at the principles in the previous lesson, I'm seeking to create the content once (books, blogs etc) for the Hemp business, that send people to my website (which was built once), thus creating an ecosystem where people find my content and then go to the website to buy from me. Especially as I don't hold any physical stock, it frees up my time to create more content, add more products and expand my business.Thus, I have done the work once in my Hemp business, and I'm getting paid forever.Remember: you need automation built in as much as possible from the very beginning.Do the work once and get paid forever means that you need to set up a system once and allow it to pay you forever.I've written this book once and then it is on Amazon, leveraging their website domain, systems, robots, logistics and people, so they are doing the payment processing, printing, handling, shipping and then they pay me my royalty. All I did was write the book once.Of course you need to manage your book and property, the thing you've built once. Because the world naturally decays and falls apart, even the biggest companies are susceptible to rot, decay and mistakes. So it is fine to prop up, update or renovate your stuff. This takes little time compared to having a job or working in your business every day.Someone asked me once, what if your book becomes obsolete in 10 years? You can either spend a few weeks to create a second edition, or write up a new book. Doing either of these is much more profitable than working for another entrepreneur's business.Question of the day: what can you do once so as to profit from it again and again?There are another 100 mistakes that I made here.