Tips

A business plan is your blueprint to building a successful enterprise.  Businesses, especially new ones, typically run into trouble with cash flow because they:

1) fail to recognize seasonal trends in their business,
2) take too much cash from the business for living expenses,
3) expand the business too fast,
4) extend credit to customers.

Keys to success:

• Solve problems while they are small.
• Select one business idea at a time.
• Keep personal finances separate from business finances.
• If you are going to build a thriving business, you must keep your personal debts to a manageable level.
• The customer is always right.