3 steps to get rich FAST part 4
►In this video you will find out how to:
3 steps to get rich fast part 4
1 – Don’t spend money on failed businesses
if you’re trying to start a business, don’t dump money into it right away
if you need to invest some money into it to use some kind of software that will make your life easier and won’t cost you a lot of money then it’s fine.
but if you’re thinking about dumping thousands of dollars into a business that is not even proven yet, you will loose money.
ALWAYS test your business concept first, and once it is a proven concept and you can see MONEY coming in, then you put money into it and amplify it.
2 – When it doesn’t work KILL IT – SUNK COST FALLACY
If you’re doing any kind of business venture, you’ve spent money and time into it and it’s been months or years, KILL IT, ABANDON IT.
don’t be afraid to let go, every entrepreneur needs to know when to be flexible, and when people don’t want to let go it’s known as a sunk cost fallacy, thinking you can’t let it go because you’ve spent money and time on it. Don’t be like that.
3 – Reinvest in your business
lastly if you have a business that is working, reinvest all your profits into it, try the hardest not to take money out of it until it is highly profitable.
#success #money #millionaire #millionairemindset
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