07-26-2009, 12:16 PM
|
|
|
GFY's Halfpint
Industry Role:
Join Date: Jun 2007
Location: UK
Posts: 15,223
|
Quote:
Originally Posted by Libertine
It sounds like you're handling your biz entirely the wrong way.
You say you've had "New motorbikes one quarter, then bald tires the next". That sounds like you're not managing to handle instability well, and splurge rather than save when things are going well.
Aiming to create the next Youtube, Twitter or Google is nice, but not realistic. Building a consistently profitable business, on the other hand, is very realistic.
Find a niche market, create a great product, and use your money in an "invest > save > spend" priority. Investing to grow your business, saving in case you need to weather through bad times (or, should you get lucky, sustain unexpected growth), and spending only when needed.
Almost no business is successful right from the start, and certainly not without the right connections. The idea is not to hit gold, but to create gold - a process that is rather lengthier.
|
Another good post ..whats going on with GFY ...people are making sense 
|
|
|