Your business plan must be detailed but also flexible. The unique thing about building a business on the Internet is that you get overwhelmed with information. Your email inbox will get flooded with offers on how to improve, expand, accelerate your business, etc.
This can lead you down a side road you don't want to go down. You can also spend money on products that you think you need and, if you are not careful, you will incur unnecessary debt or use up your cash reserves.
The lifeline to your business is cash flow. You must concentrate on your expenses and you can do this by focusing on the key elements in your business that will create cash flow.
If an expense doesn't increase cash flow or does not have the potential to do so, you need to seriously consider the outcome !
I have built several businesses and have made numerous mistakes that have cost me money.
Becoming Financially Free involves positive cash flow and no debt.
Keep focused !
Jacques
CreatingWealthThatLasts
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