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It Takes Money to Make Money - Yes It's True Mankato MN

A good number of new home based business owners seem to go down the “what do I do now” path after they start a business. Especially those that joined a direct sales/home party plan business. They may have had the carrot dangled in front of them about how easy it will be, about how much money they can make and about how they get to create their own work hours.

South Central MnSBDC
(507) 389-8875
1961 Premier Dr., Suite 268
Mankato, MN
 
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(218) 855-8140
501 West College Drive
Brainerd, MN
 
Central MnSBDC
(320) 308-4842
616 Roosevelt Rd, Suite 100
St. Cloud, MN
 
Southeast MnSBDC
(507) 285-7536
1926 College View Rd., Heintz Center
Rochester, MN
 
South Central MnSBDC
(507) 389-8875
1961 Premier Dr., Suite 268
Mankato, MN
 
Northwest MnSBDC
(218) 755-4255
3801 Bemidji Ave North
Bemidji, MN
 
Minnesota SBDC State Office
(651) 259-7423
332 Minnesota St., Ste. E200
St. Paul, MN
 
Southwest MnSBDC
(507) 537-7386
1501 State Street - ST 105
Marshall, MN
 
Twin Cities Metro MnSBDC
(651) 962-4500
46 South 11th Street, Schulze Hall 103
Minneapolis, MN
 
Northeast MnSBDC
(218) 726-7298
11 East Superior St., Ste. 210
Duluth, MN
 

It Takes Money to Make Money - Yes It's True

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March 11th, 2009 admin Posted in Doing Business Online , Work at Home |

Too many people are entering into working at home blindly and end up frustrated or throwing in the towel because they didn’t plan accordingly. Unless you are extremely creative, with some special connections and a run of good luck, you cannot expect to start a business and not spend any money. I think at times an individual is so excited about the prospect of working at home that they jump in with both feet, but with no plan on what to do after they start their business. This is why I always stress to people who want to work at home to take their time, research the companies or ideas they are thinking about, and make a plan.

A good number of new home based business owners seem to go down the “what do I do now” path after they start a business. Especially those that joined a direct sales/home party plan business. They may have had the carrot dangled in front of them about how easy it will be, about how much money they can make and about how they get to create their own work hours. They probably were not told about the monthly expenses that are inevitable which can range from: web hosting, phone bills, office products, training materials, postage, fees, a monthly commitment to buy products, and marketing/promoting their business. It is rare that a real business would require NO money in order to run, build and grow it.

Do yourself a favor, and plan as to what your monthly expenses will be. Think of everything that you possibly would need to keep your business going. There is something true about the old cliché “it takes money to make money”. Does this mean you need to have a fortune in order to start and run a business? No. But what is does mean that whether it is $10 or $1000 a month, a business does cost money to run. Those who think otherwise are not looking at a home business realistically or are not serious about keeping a business going. So, be smar...

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