Archive for November, 2010
Your objectives
November 21st, 2010 | Author: admin
Choosing a personal endeavor because you know yourself best. I have received many e-mail similar to yours, asking for a particular business is very personal. The first step is to think of what you do best. What are you a genius? What is it that you really love doing? Starting a business, wanting to make money is not enough.
Here are the factors y for you to consider: 1. Define your goals, why you want to get into business? Answering this will lead you to determine the specific financial goals. For example, if your goal is to replace your current salary, then your proposed business should be able to provide you with the same amount of regular income as you are used to. But if your goal is to supplement your current income, then your goal will be more moderate. 2. Make sure you have enough capita, s make proper business plan complete with financial projections of monthly cash flow for the next 2-3 years.
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