Today I want to talk to you about a very important skill. Do you know how to be broke? Yes, I’m going to talk about how to be broke!
I’ve had people ask why I would go from making $100,000 a year to $30,000 a year?
Making sacrifices is part of the building phase of building your own business.
I have been reading and studying about business for 20 years at least. I have not found any material that talks about being broke in business.
Most successful business people want to focus on their achievements which presents an illusion of a smooth ride to success! This is not the case for most of us. What do we do? Let’s talk about some specific tips I have for you today.
1. Always make a plan.
- Learn to live on less by trimming unnecessary expenses.
- Understand that things may not be as bad as they seem. Good things can come from difficult times.
- Know that this is a sacrifice being made for a specific purpose with a goal in sight.
2. Communicate your plan.
- Explain your goals to your family. Help them understand the sacrifices you plan to make.
- Communicate with your creditors. Ask how they can work with you in time of crisis.
- Know your breaking point. A successful business is not worth more than a happy marriage or a close family relationship.
I’m here to tell you, “I have not had a smooth ride to success.” Success is hard! Going through difficult times will help you know that you can make it no matter what you go through!
Have a plan and work your plan and success will come.
Happy Selling,
David
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