|
Going one and done is to not try. Further, your ambitions are probably too small. You shouldn’t be trying to start one business, but the first of many. It shouldn’t matter if your first business succeeds. You should always have a bunch of failures over time because you are always creating, always working on the next one, always swinging for the fences. Play the business game just right and failure is not an option. It is a certainty. into the process of success. You can do everything perfectly and still have your business fail.
You should not be despondent when things go wrong. It is like losing the first three quarters of a football game but winning in the end. Make your adjustments and keep playing the game. Here are some of the adjustments you should make if your first try wasn’t all you had hoped: Take Care of Personal Frist Database Debt First A lot of people jump into starting a business as a way of solving their personal debt issues. Some do it in spite of personal debt issues, convinced that one has nothing to do with the other. What you need to know is that personal debt will act as a boat anchor that keeps your business from setting sail. Your business will not be entirely firewalled from your personal finances.

So make sure you have a platinum debit card so you can have all the perks and protections of a major credit card regardless of whether you are using the personal or business account. Be sure to set up a savings account while you’re at it so that there is a little safety net available in case things don’t go as well, as quickly as you had hoped. Establishing the security of your personal finances ensures that a business failure does not cause your entire micro-economy to collapse. Don’t bet your home on an untested venture. Look into becoming an LLC. And make sure no one failure means the end of your business journey. Consider the Long-Term Effects of Current Trends.
|
|