AVOID This Mistake When You Start Making Money In Your Business
When you think about all the mistakes that you could make in your business, what is the one mistake that you want to avoid as you start to build your business and start to make some money?
Let me share with you this one mistake that I see a lot of people are doing and this is the mistake that I'm really trying to focus in my life and in my business.
So, you've started to make money in your business, increase sales and make profit.
And then the worst thing you could do is start to relax and start spending money.
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At the start, you may not spend an awful lot of money at all and you're very focused on working only on the money that you have. But then, what happens is over time as you start making money, you become relaxed and you start thinking of things or ways to spend your money.
A real-life example is when when moved out into the warehouse that's about 2,000 square foot, we thought of adding tables, shelves, security cameras, signage, and a lot of materials and equipment.
It would have been definitely a foolish move to get into the warehouse and now spend two, three, four thousand pounds on all these things.
And, this is what I mean by spending money when you start to make money.
You've got to really focus on: "Is our money making money?"
So, when we got into the warehouse, we didn't spend. We spent the absolute minimum on the utilities that we needed, the internet, the electricity, warehouse rent. That's it!
The habit in increasing your online business is getting started, getting it across those first milestones, and making your first money online. But then, you want to knuckle down or double down on what's working.
You want to get all in on doing the same thing that got you there in the first place and not start to think "oh I'm in the warehouse now, let's go out and buy the shelving..."
Be very, very careful on the amount of money that you spend.
Please avoid this mistake. It's time to knuckle down and go all in with what's working. Reinvest as much as you can and that's when you're really going to reap the rewards.
If you have questions, please don’t hesitate to ask. And remember, you’ve got to take massive action. Cheers!
Do you relate to this? Let me know in the comments how you're doing and keep taking massive action!
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