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Cash Flow: How do you make money to survive while you are building a business? What are some quick ways to make money with less time commitment?
DB
DB
David Berman, Bootstrap Expert answered:

Putting yourself in a situation where you have to scramble to survive while starting a business is a terrible strategy. And if you are already looking for shortcuts ("quick ways to make money") you might not be ready for the challenges that come with starting and building a business.

Even when you bootstrap a business it's wise to have either 1-2 years worth of personal expenses saved or an income stream that meets your financial needs and allows for the time freedom needed to get your business up and running.

With that said - I'm sure someone is going to tell you what you want to hear... That you CAN build a successful business in your spare time and that there ARE ways to make quick cash while you do it. They're going to tell you that THEY did it and you can too.

If you choose that path all I can say to you is...Good luck with that.

While that scenario makes for a good story the probability of succeeding with it is quite low.

One of the real secrets to business success is doing everything you can to start with the odds as much in your favor as possible. When it comes to business "well begun is half done."

That's why many new entrepreneurs seek out mentors and coaches - Because the investment made with a coach saves time and money (avoiding mistakes) and the wisdom they learn helps them increase their odds of success ten-fold (or more).

Give me a call if you'd like to talk this through.

In any case I wish you the best of luck and the greatest success.

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