Don’t Let Being Broke Stop You

Welcome to our mini-series dealing with building a successful business from scratch. We’ve talked about “The 2 Phases of Success.”  We’ve also talked about “Great Actions Follow Great Beliefs.”

Today, I want to talk to you about a very important skill.  Do you know how to be broke?  Yes, I’m going to talk about how to be broke!

I’ve had people ask why I would go from making $100,000 a year to $30,000 a year? Making sacrifices is part of the building phase of building your own business.

I have been reading and studying about business for 15 years.  I have not found any material that talks about being broke in business.  Most successful business people want to focus on their achievements which presents an illusion of a smooth ride to success! This is not the case for most of us. What do we do? Let’s talk about some specific tips I have for you today.

1. Always make a plan.

• Learn to live on less by trimming unnecessary expenses.
• Understand that things may not be as bad as they seem. Good things can come from difficult times.
• Know that this is a sacrifice being made for a specific purpose with a goal in sight.

2. Communicate your plan.

• Explain your goals to your family. Help them understand the sacrifices you plan to make.
• Communicate with your creditors. Ask how they can work with you in time of crisis.
• Know your breaking point. A successful business is not worth more than a happy marriage or a close family relationship.

I’m here to tell you, “I have not had a smooth ride to success.” Success is hard! Going through difficult times will help you know that you can make it no matter what you go through!

Read previous post:  Great Actions Follow Great Beliefs

Great Actions Follow Great Beliefs

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The Secret to Success in Two Words