Quote:
Originally Posted by kaimac
Definitely don't cash out for the first few months, wasting so much time. gl though!
I'm considering this however I feel its always important to be paid for your time on a regular basis even if it is only very small at the start.
I read Richard Branson auto biography and in there he says this. He states that its important in your business plan to reward yourself at every stage with regular payments but the key is to keep them at a X% of profits but keep them regular.
He says doing this will let your lifestyle increase only as far as your business success allows and this keeps your business goals on track and inline with your personal goals.
Yes I can miss the first few months cashing out no big deal but then I could also attempt 10NL with $150 roll or do this or that or whatever. Once you stray away from the guidelines you set out once it becomes easy to do it whenever it suits you.
This can then lead to your lifestyle over taking your business success and ultimately leading to failure because of bad discipline and not sticking with what made u successful in the first place.
