I received an email from a blog reader yesterday who was very interested with how my new business was doing financially. He was looking to start a similar type venture, and was hoping to get my honest feedback.
So, I figured I would take a moment to share my financials, and to provide some guidance.
As you can see by the snapshot on this post (taken right from my portfolio financial management tool), I’m doing very well for myself!
My “all in” financials to date are as follows:
Investment: $2500 + all my spare time
Revenue: $ 0.02/day (works out to $ 7.3/year!).
I'm not going to lie - I'm dealing with some serious cheddar! More importantly, if I keep this money train a rolling, it will be a mere 342.5 years to recoup my costs. That’s one rock solid business model right there!
Of course you’re asking yourself:
“Jason, how do I mirror your success?”
Fear not! Below is a list of my 4 golden rules for you to apply today:
Number 1: “Go with your gut!”
It is imperative that you put aside all common sense and reason. Obviously, these traits have absolutely no place in my winning strategy.
Number 2: “Adapt!”
You must refrain from any & all types of planning as this will just slow you down You will need to roll with the punches. You will most definitely be punched often.
Number 3: “Be alert!”
You must always be in a state of reaction. Like I always say: “If you’re not reacting, your business is contracting!”
And MOST importantly –
Number 4: “Keep your ear to the pavement”
Do your research, and be ever watchful of what others are saying and doing in the business community. You MUST ensure you do NOT apply other “seemingly more” successful strategies to your business model. ALL other methods will conflict with what I’m teaching you. Always remember, my way is the correct way.