FORUM WORKSHOP
Forum Workshop
7 Donʼt rush into other ventures until your staff is saving for
7 well-trained, and has gained your trust so that retirement
• you can hand them not only the keys to the and you
door, but the authority and knowledge to handle had been
S whatever happens in your absence immedi- g u a r a n E ately. Sound simple? It is, but you wonʼt do it for teed that
P
T a year or two. Itʼs just not comfortable for either Social SeE you, the owner, o r for your employees.
curity will
M
not exist
B
and you
E
CHECK YOUR SAVINGS
will live to
R
2 Finally, before you expand, consider the be 100.
Save regularly and as much as you can. “Sav0
1 amount of cash you have in the bank. Not ings” are monies that you do not pay to your4 the money you or others invested when you got self, the owner. Having this money demands
started, or your working capital, but your sav- that you have the self-discipline to pay yourself
ings. Odds are by the time you actually opened last – after the bills, the staff, the savings acfor business you didnʼt have much start-up cap- count, taxes, and whatever else happens.
ital left. If you did, add to it as though you were
continued..
:
ion
tent
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