123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

A Lesson In Money Management

Profile Picture
By Author: John Colanzi
Total Articles: 28
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

It disturbs me when I read about marketers who've lost a
ton of money promoting their ventures.

I've seen messages by marketers who've spent as much as
$9,000 without making a cent. What's even more disturbing
is the fact that many of them have spent that money and
haven't learned a thing.

They've not only spent all their savings, they think the
problem will be solved by spending more money. They're
chasing their losses.

They aren't building a business, they are gambling. The
more they lose, the more they spend.

There's only one question to ask yourself before parting
with your hard earned money.

"Will spending this money make me more money?"

I learned that lesson in the brick and mortar world real
fast. I had just hocked my soul to buy a small business.

Before I even made a profit, I asked a friend about
knocking down a wall.

I still remember our conversation.

"Paul I'm thinking about knocking down that wall."

Paul looked at me and said, "John do you really think ...
... it
will make you more money?"

That answer was a wake up call. My decision was based more
on ego, than it was on sound money management.

I'm still thankful I never tore down that wall.

Every dollar you spend, must bring back more than a dollar
in profits.

If you break even, you've lost money. You have a hole in
the bottom of your bucket.

You must save money in your personal life and in your
business venture as well.

The next time you're ready to spend money on a product or
service, ask yourself; "Will this make me more money?"

If the answer isn't a resounding yes, put your credit card
away. Make decisions based on profits, not ego.
About the Author John publishes the "Street Smart Marketing"
newsletter. To subscribe
mailto:streetsmart@rapidreply.net
Download your free copy of Secrets of Success.
http://www.internet-profits4u.com/streetsmart.exe

Total Views: 216Word Count: 288See All articles From Author

Add Comment

Business Articles

1. Finding A Trusted Sustainability Consultant In Abu Dhabi
Author: Agile Advisors

2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors

3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review

4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals

5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo

6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan

7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun

8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie

9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort

10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd

11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo

12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals

13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene

14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog

15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: