Don’t Count Your Chickens Before They Hatch

Posted by Blonde Jon

March 6, 2006

I’ve always been pretty conservative with my money. Every once in a while I get on a buying kick where I convince myself that I need certain things I don’t really need, so I go out and buy it. I did this quite a bit when I first started my online business. The only problem was that often these things didn’t help bring in any more profit, but instead sucked me dry of the little money I had to work with. Quite frustrating. The key to making money in any business is keeping your expenses lower than your revenue. When I first started I had no revenue, yet I had big ideas that cost money. I later realized that I only needed to buy things when I had the money. I started making a little profit, so I bought a web template. Soon a little more profit allowed me to purchase high-speed internet, a fax line, and so on. I have run into people that have a huge dream and expect that if they lay all this money on the line right away, they will suddenly see tons of profit fall into their laps. Not so. That is actually one of the biggest pitfalls in business. Hoping for quick cash, along with debt lingering over your head, will lead only to disappointment, frustration, and failure. A business takes hard work, lots of time, and much perseverance. Couple this with smart money management and you will soon be on your way to success.

My Business Philosophy