Quote:
|
Originally Posted by PornoDoggy
Okay, professor  , how would you do it? |
I'd figure out what I can do now to start generating revenue and also think of where I wanted to end up. Hopefully they are related but this is not always possible on a shoestring.
I'd cut my personal expenses to a minimum and pay myself the smallest paycheck possible, constantly work on the P&L by cutting expenses as is reasonable, pay a programmer to automate anything that can be automated if it makes fiscal sense and build up enough of a profit to hire good people to handle each aspect of the operation I had in mind as my final goal.
It might be wise to establish some lines of credit which should be used as judiciously as possible - if at all.
In most successful ventures there are so many decisions that have to be made on the fly it is difficult to generalize but sound business principles are sound business principles.