Most people start businesses with plans of making money and the freedom that comes along with it. I have started (and sold) enough businesses to know … That in order to get to the point of financial freedom, you need to survive and live to fight another day.
Everyone who starts up a business has his or her mistakes, regardless of the cause. Minimize them, learn your lesson and move on. My recent investments in the real estate market are a perfect example. I trusted my broker and skipped the inspection because he knew the house. Instead of some minor roof repairs, we had a $15k replacement. Lesson learned. Licked my wounds, wrote the check and moved on to fight another day.
Stay in business. Don’t worry about how much you are making, just stay inbusiness for as long as you can, the money will come.
