Tuesday, 21 June 2011

Back to money. The root of all evil!

Everyone comes at business from a different angle; some people are lucky enough to get a rolling start whilst still on salary, others have a need to earn from day one. Similarly, different business models will generate income at different rates - mine has no realistic chance of creating proper income before September, when courses start.

Avid readers might have picked up that I have involvement in another business, though I haven't been particularly active in this for the last couple of years.

In order to replicate some of the tougher situations, I have created a strict rule that any work I do (for my other business or for anyone else) I will pay myself no more than £60 a day, which seems to be a benchmark 'stacking shelves in Tescos' figure. So that is what I was doing yesterday (earning, not stacking shelves..)

Incidentally, I did a rough business plan over the weekend - a full 6 pages! It has helped me to refocus my efforts.

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