| Your dream of starting an internet home based | | | | sustain you for a period of 1 year. What that means is |
| business is finally coming true. You have a plan to get | | | | if you have say $100.00 to get your business up and |
| a website established and hosted. You have a | | | | running and you know you can spare an additional |
| monetization model in place (affiliate marketing, | | | | $75.00/month $35.00 hosting and $40.00 advertising |
| promoting your own product, or becoming an | | | | (these numbers are just examples). You should be |
| info-preneur). Your dream of firing your boss is within | | | | prepared to continue this $75.00 outlay for 12 months |
| your grasp! | | | | for a total of $900.00. |
| Now how do you do it without going broke? | | | | Now you are probably thinking "man you're nuts I can't |
| Answer: | | | | afford to put aside 900 bucks for my business right |
| Money Management. You need to keep tabs on any | | | | now". No maybe you can't and you don't have to. |
| fees you may be paying for particular services. | | | | Remember this is the total of what you will put out of |
| Follow this easy recommendation to work from home | | | | pocket for business expenses over the course of the |
| without going broke. | | | | year. |
| Budget | | | | Now maybe you can only afford an outlay of $40.00/ |
| You need to set up a monthly allowance for your | | | | month for advertising and hosting. That's just fine. Or |
| internet home business. If you are just starting out you | | | | maybe you can put out $500.00/month. That's fine too. |
| will be operating in the red for the first couple of | | | | Whatever your number is just be prepared to stick to |
| months. But determine your shade of red before | | | | it for at least one year. You can always adjust this |
| paying for services. | | | | number up or down depending upon how quickly your |
| You may have a tolerance for a nice deep scarlet | | | | website starts to turn a profit. |
| and have deeper pockets to pay for services before | | | | If you can only afford to put out $75.00 for the first 2 |
| your business is returning a profit. Or maybe your | | | | months you need to adjust that number and find out |
| shade of red is more like a pink. Where your out of | | | | what you can set aside for a period of 1 year. I say |
| pocket expenses are limited to hosting fees and an | | | | this because if you put all of your advertising dollars |
| ISP connection. Or maybe you are somewhere in | | | | into the first quarter of your business you will have |
| between. Wherever you are, just be sure you do not | | | | nothing left to keep the effort going. You will no doubt |
| put yourself in a bad position early on in your internet | | | | become discouraged and eventually drop your |
| business venture. | | | | business all together. |
| So keep track of where your dollars are going and do | | | | I DO NOT WANT THIS TO HAPPEN TO YOU! |
| not put your home business in a financial bind before | | | | So please set yourself up on a Home Business Money |
| getting off the ground. Determine how much money | | | | Management schedule for long term success. |
| you can use to get your business up and running and | | | | Please bear in mind I am not a financial expert. I do not |
| begin an advertising campaign that will not place you in | | | | have a professional degree in finances. I do not work |
| a financial bind. | | | | in the financial products industry. In other words, you |
| So where is the right place to be? | | | | are using this information at your own risk. |
| Well I recommend that you develop your budget to | | | | |