First Six Months
A good rule of thumb to follow regarding the earned income from your home based business is to reinvest into the business all profits in the first six months of operation.How you do this is completely up to you and dependant on your business model, but it is a success tip that works for many startups.
Re-investing Your Profits
Spend the profit on advertising, business books or night classes, new equipment or save it as capital to draw on in those rainy days.
As the first six months of operation for any business is critical, and even more so for home based business, do not assume that any of the business income is free and clear during that time. Reinvest or save it. more
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Article source http://www.ideatriggers.com/business/home/the-first-six-months-2
posted by Kazeem Femi kzguide.cashhosters.com @ 9/27/2005 02:04:00 AM
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