Archive for June, 2010
Choosing an endeavor is personal because you know yourself best. I’ve received many e-mails 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 at? What is it that you really love doing? Starting a business, wanting to make money is not enough.
Here are factors for you y consider: 1. Define your objectives, why do you want to get into business? Answering this will lead you to identify specific financial goals. For example, if your purpose is to replace your current income, then your proposed business must be able to provide you with the same amount of regular earnings as you are used to. But if your purpose is to supplement your present income, then your goals will be more modest. 2. be sure you have ample capita, make s proper business financial plan complete with projections of monthly cash flows for the next two to three years.