Wednesday, 30 January 2019

Cash flow is king!

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Welcome back guys! So this question totally haunted my thoughts WEEKS before I started my first company, and it’s:

“Should you go Niche or should you go Broad?”

That’s one really big thing that’s missing from this entire series and it ultimately depends upon your cash flow. However, if you are using your business to pay your rent, then just get business through the door, in other words, get business as quickly as you can.

Thinking about strategy is your cash flow. When you’re coming from a position of cash flow where you could technically stop doing any business and you can still survive for six months, then you can really take the time to start thinking about leasing.

Some people might say three, some people might say one, but as soon as you start worrying about money, it’s a huge killer Go into your space and bring money through the door and then stop thinking about niche when the cash flow is consistent.