Let’s face it money is an important component in all our lives and for any business to be successful, there must be cash flow, for the maintenance of everyday things.
Millions of people use the internet for business, to shop, for social media, there is opportunity to tell the world about your business and how it can solve a potential customers problem. But due to the entrepreneurial crowd on the internet, many businesses are not making any money at all, due to the amount of competition.
If you want to make an impact, there are 4 things you need to realize about money and business.
1.Money is Necessary for Freedom Most businesses are borne out of the need for freedom, be it financial or freedom to spend more time with family and loved ones, or freedom to indulge in our hobbies and travel the world. Having a steady income allows us to do the things we love, without worrying about it, therefore it is necessary to grow your business so that your income will allow you all that you want for your life
2. Growing your Business should not be too Expensive In the pursuit of growing your business, you should not spend too much money on things such as online coaching or mentor ship programs, mastermind courses etc., you get my drift, your business should be a business that makes money not one that spends money but does not get the return on investment.
3. If you Want Money Ask for it Businesses that fail, are most likely due to the lack of sales or they were too scared to sell, without a sales plan your business cannot make money. The sad reality is that social media will only allow people to see your product or service amongst many other product or services just like yours. so, you must get comfortable selling your business, if you are to make money.
4. Money isn’t everything but it is important Yes, I know money is not everything but it is an important part of any successful business. we all need money to support our family to pay the bills, to travel you need money, so without it. life will pretty much suck.
“ A wise man should have money in their head, but not in their hearts” Jonathan Swift