If your business is not creating cash then you need to think about where you are spending your efforts.
Don’t be afraid to take chances. But take calculated chances!
Here are my rules for finding and taking advantage of Cash Flow generating opportunities:
1- Find people who are truly making income. Don’t believe all the hype, especially on the Internet.
2- Make sure the company actually has products they are selling. Can you see the products? Can you buy the products and can others buy the products?
3- How soon can you start making money? If your money is at risk how long is it at risk for?
4- Beware of anything that does not require money to get started. Nothing in life is free! You will always pay a price one way or another.
5- Set aside some money to try different things.
6- Then never, ever invest ALL your money in any one project. Just look at farmers. They don’t plant ALL their seed just in case the hail comes and ruins their crop.
7- Once you invest in something don’t sweat it and lose sleep over it. I know that this might be hard rule to follow, especially if you have been burned a few times like I have. For you not to sweat it invest small enough so that even if you lose it won’t hurt as much.
8- Once you find something that works – work it hard! Don’t get side tracked! Most people never stay with anything long enough to turn a profit.
9- Stay away from Off Shore investments especially HYIP’s. My rule here is “If it is Off Shore – It is Off Limits” when it comes to my money.
10- Fraudsters know that “A fool and his money are soon parted” so don’t be a fool. Follow these rules and lessen your chance of doing something foolish. Then again every master was once a fool so don’t be afraid to make a few mistakes. If you are making too many mistakes come visit blogs like this and learn.
No comments:
Post a Comment