Saturday

Why Should Cash Flow Be Your TOP PRIORITY!

Working from home and escaping my JOB (Just Over Broke) has been the most liberating thing I have ever done, and I am truly very thankful to be able to do this. It has provided me with an amazing quality of life.

But it always amazes me to watch, or hear, from others that tend to over complicate this simple idea of owning a home based business. They spend their lives arranging their structure; the quiet area, the specially organized desk, the right computer, getting and reading every email and ebook they come across... but they forget about the top priority of any home based business...

CASH FLOW

You can have the best set up office at home, with oodles of quiet time, access to every bit of quality information that you require, the best courses on building your home based business on your book shelf, but, without cash flow you are dead in the water...

Your top priority before any other priority has to be... CASH FLOW!!

I have a simple form on my desk at all times, titled "My Income Streams." It lists the description all of my income streams, with the average income they produce every month, with a total at the bottom.

This document is my reminder that every day I need to be adding income streams to this list. No matter how small or how big, because usually the big ones are irregular and the smaller ones all add up quickly.

My income streams may be as simple as listing a resale rights ebook on eBay for $6.99, that automatically relists whether sold or not... or an ebook I've created and am selling with a sales page.

Every week day my goal is to add another income stream to that list.

Now don't get me wrong, as not all the income streams are profitable. Sometimes that ebook on eBay just doesn't sell, so I'll change the title, tweak the listing and if it still doesn't sell, it gets deleted.

I find that out of every 10 income streams I add, more than half will be profitable, and 1 will be a roaring success. I LOVE roaring successes :)

Sometimes I work very late at night because I'm in the zone. During the school holidays the kids are a bit noisy or the family might want to go out for a Chinese lunch so I work around those... but that is exactly what a home based business is about... FREEDOM!

And freedom gives you a wonderful lifestyle.

So make it your top priority... BEFORE you do anything in your day, think "How can I add another income stream to my list today" and do it before the other tasks consume your day.

Remember CASH FLOW IS KING!!


© copyright www.Ian-McConnell.com

Ian McConnell is an average guy who realized very quickly that wealth will not come from having a JOB... for more than 6 years he has generated more than $100,000 pa from home, while working part time.

To find out everything he knows:
Click Here => http://www.Ian-McConnell.com/Success.html


1 comment:

Anonymous said...

In your article you mention a form, is it possible for you to send me a copy.

Good article and it's made me realize why I seem to spend so much time doing things but don't have the income.

Deborah
deb@info-gal.com