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Starting Small Business

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By Rod Alfred


Starting Small Business

Starting a small business 
is easier if you start the 
right way. 

I have been in business 
now for over 10 years and
I just found out some 
fundamental business ideas
that I should have realised
from the start.
 
I still succeeded, but from now on
the people I help to start
a small business will not
miss out on the new 
knowledge I have gained.
 
I will also align my existing business along these principles to 
to move it forward more sucessfully.

 
So what are these starting small business ideas anyway?
Let me start by asking you the 3 main questions you need to
ask yourself before you invest in a start up business.
 
1. How soon will I recoup my initial investment, cover my 
expenses and break even?

2. How soon will the business be cash flow positive so that 
I am no longer subsidising the business from my own pocket? &

3. How soon before the business become stable and 
predictable enough, to provide me with a sustainable 
residual long term income?

 
Along with these 3 questions there are also 3 rules to follow:
 
A. Never use your own money to fund your business expenses.

B. Convert your life to your own business products and 
always get your products free.

c. Never use your residual income to fund your business.

 
The above 3 rules are embodied in the "Fearless Income 
Building System", and the idea here is to take all the risk and 
fear out of building a business.

 
Along with these basic principals of a home based business some 
aditional education can help you do it in the modern way, as 
opposed to the tired old ways that no longer work.
The link to my web site at the bottom will show all that and more.
 
So once you have the right vehicle or product
system to put into the above model of business it all becomes 
predictable, easy, fun and profitable.
Without giving all the details of the products on offer, suffice 
it to say that with these products and the system above a 
starting small business can be cash flow positive in less than 
30 days.
 
Provided the business does something active to earn enough 
for its monthly purchase/expense requirement it will never 
pay for product. Did I mention that there are at least 6 distinct 
ways to earn that monthly cost.
 
Another distinction will help keep a starting small business on 
track. There are 2 types of income.

 
ACTIVE INCOME is what you earn from your own production 
and is limited to what you can do personally - your time, your 
energy, your talent, and so forth.

 
RESIDUAL INCOME is continuing income that is set in motion
by you and then driven by forces beyond yourself. This is 
your ultimate goal because this residual income is 
"dream Income". Residual income provides dreams: new car,
new home, a comfortable retirement, university expenses for 
children, holidays - freedom from debt.

 
So starting small businesses need no longer struggle if the
above principles are contemplated and planned for.


Home based Business, home idea work


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dsmmarketing profile image

dsmmarketing  says:
2 years ago

Hi Rod,

People interested in having an at home business can certainly get a lot of helpful information from your Hubpage.I particularly like the expalnation of the difference between Active income and Residual Income. Thanks for giving all of us a helping hand.

Deborah Marsden

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