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February 25, 2013

Cybror Marketing

There are a lot of individuals who want to start a business. He or she comes up with an amazing idea, begins to think of the profits, success and fame it could bring, and pours money into the idea or takes out a loan that cannot be paid back. Soon the individual realizes that owning a business does not mean everyone will want your service or product, and money isn’t flowing in fast enough. Depending on the type of business, it takes months sometimes years for a business to gain profit and for the business owner to establish a liveable income.

Always start a business plan. Include a 5 year projected income statement. Of course the financial statement isn’t going to be completely accurate, but you have to make it realistic and not assume that cash is going to flow in rapidly on the first year.

I encourage you to…

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