Create your “exit” strategy to start your SO-HO

Q-A_saturdays1

Only 1 out of 5 small businesses survive in the first 5 years.

Reason:

•limited budgets
•poor financial planning

 

Create a relationship with your money:

•Adjust your attitude towards money
•Create a mind set
•Start planning
•Be creative

Make sure you have an “EXIT” plan in place before you dive into a full-time small business.

•Create a budget
•Pay off your debts
•Stop any non-vital purchases
•Negotiate new plans (utilities, phone…)
•Monetize your “junk”
•Improve your skills while on 9-5
•Write down expenses (home. SO-HO)
•Start saving! ( should have 6 months to cover)
•Make connections to bring in leads

YOU are now ready to start full-time your entrepreneurial journey!

“I have no money, no resources, no hopes. I am the happiest man alive.”
-Henry Miller

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