Money ... What's Your Opinion?

Done any planning?

It sounds like your running a day to day cash flow business.

If you are making sales you should be able to create some sort of rough forecast of future sales.

If you are serious about making an income from your ventures (as opposed to having a hobby that breaks even), then you must plan.

Do a forecast for the next 6 months - write down all your expected income and list your fixed expenses. Then you know how much you've got to spend on equipment.

The drawback on buying everything now with cash up front is that technology is moving so quickly - you may need different tools in 12 months to preform the same functions. What will you do then - start out all over again buying with cash until you have your requirements?

Renting or leasing might be an option - than way you can start earning an income now.

I've seen too many people start small businesses and not make any money for a long time thinking they will eventually recoup their investment.

My suggestion is to start taking an income straight away. That way you are forced to grow.

The fact is your time alone is a major investment and you should be rewarded for it - even if it's only $50 a week to start with.

The other major advantage in taking an income straight away is that you are building value into your business. If you ever want to sell your little venture you can prove that it made you a return. Even a $50 a week income business has a saleable price. This will also make it easier to finance in the future - it shows a trading history.

Just my thoughts...Hope it helps a little.

Good profits and have a great day.
Jason van Hooft

P.S. I really missed catching up on all the great posts here on a daily basis - I've been so busy I haven't had a chance to visit - wow this board has had some great posts in the last 2 weeks!




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