Show Me The Money |
An entrepreneur initiates and runs a new business venture, assuming all risk for the sake of profit. An alternative definition of entrepreneur is someone without a safety net. As a start-up, here are some tips on how to make the most of your money: Revenue Generation: How much money do you need to generate each month to meet your goals? Have you set realistic targets for revenue growth in your strategic plan? What fee structure have you established for your business? Are you overly optimistic about your revenue projections? Cash Flow: Do you know what your anticipated revenues and expense are each month? Have you adequately prepared for your good months and your slow months? What will be your salary now and in the future? (This article originally appeared in AC-Chamber Visions Article – SEC December 2007 Issue.)
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