Home Business: Spend Money to Make Money|
Posted May 12, 2004 - 04:37 AM
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All successful entrepreneurs have the self discipline to build their business. Most of us have heard the saying "you need money to make money"|
All Successful Entrepreneurs Do This
By John Baker
Everyone wants to make money! Some want to make money by owning their own business. All successful entrepreneurs have the self discipline to build their business. Most of us have heard the saying "you need money to make money". Basically what this means is you must invest money in your business if it's to make money.
Some 24% of all startup small businesses fail within two years. That's because the life of your business depends on you during these early years. If you must depend on the business it will probably fail. The first years of a business rarely show profit, because you are re-investing your money back in it.
Most of us spend money on entertainment, whether it's eating out at nice restaurants, movies, cars, bikes, games, big toys, etc..... Some of us can come up with cash for our online business by not eating out one time a month!
That should not be so hard to do, as lots of us are spending more and more money on weight loss products!
If you want your business to grow you must feed it. You must spend money to make money, even if it's a small amount, it will still grow some. You cannot win the lottery without first buying a ticket!
All successful entrepreneurs spend a certain amount each month on their business. Sure you say they are making money so they have it to spend. But actually you start out investing a larger percentage of your profits then you will later on as your business grows. Most people who start an Off-line business usually invest a large amount of capital before they see any money coming in. You have to continually re-invest your money.
That's where an on-line business is unique. You can start with very little capital and invest as you learn. You do still have to invest some money and time, or you will not grow. You have to spend wisely though, where you will see results. You must read and do some research before you spend. There are lots of ways to throw your money away if you are new and not careful. There are also many ways to receive valuable information online that's Free. one way is reading Free articles by those who are successful.
Also if you're in an MLM or affiliate program, you should have an up-line leader. They will help you along with good advice because it's in their best interest for you to succeed!
The author, John Baker, is the editor of Best-Home-Business-eNews. A newsletter dedicated to
supporting the home business entrepreneur. If you're looking for some of the best home business opportunities, tools, thoughts, ideas, and support from a dependable source, come by, visit,and grab a FREE subscription today at: http://www.best-home-business-ideas.net
or email your questions to: mailto:email@example.com
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