So in this country it is very possible to work a full time job and STILL be considered poor. If you are an entrepreneur that is funding your “business” from your job, you might want to rethink your position. Your business might actually be taking you to the poor house. With the rising costs of health care and basic necessities, I encourage you to take a good hard look at you business and ask yourself these questions to determine if you are really doing it for love or for the money.
- Is my business truly self sustaining?
- Does my business take care of me?
- Am I using funds from my job to fund my business?
- How long have I been funding my business because it is not earning a profit?
- How long do I intent to fund you “money hobby”?
- Am I in business for the tax write-offs?
- How long have you been running as a sole proprietor?
- Do I have business cards, a website and separate phone number?
- Separate bank accounts?
I know that these questions sound basic but you would be surprised at the businesses that don’t have the basic skills of business.
Larger “successful” businesses are not exempt. Large businesses just mask the mistakes better.
Too many times, business owners fail because they don’t fire themselves for being poor managers, CEO and CFOs of the very businesses that they create.
Take a look