FMOOD 0020: Starting a Business for Extra Income (Part 1) - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.

I'm starting a series on the topic of starting your own business to earn more income to apply towards your debt (or anything else that helps you out financially). Starting a business is great; I've got a successful company that I started several years ago that I absolutely enjoy owning.

 

First things first, though. Before you start a business, you will want to make sure that you aren't in panic mode because you need cash right now. It takes a while before you start to see revenue with almost every type of business. If you're desperate for cash, you'll want to get a part-time job or a different full-time job where you're earning more income instead. Wait on starting a business for now until things are stable and you're back on your feet again.

 

I'm not saying that you have to be out of debt completely before you start your business; I'm saying that you want to be current on your bills and not desperate for extra money. You'll need to have clarity when you're going through these steps that I'm outlining in these episodes to start your own business, and if you're in panic mode because you desperately need money, you will have a difficult time focusing and getting things off of the ground the right way.

 

If you're all set and ready to get started, I'm going to explain the list that you need to make before you begin. This list is critical and is the first step in the process of starting your very own business, and you'll see why once you listen to this episode.

 

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Visit the http://followmeoutofdebt.com website to read my blog and get my latest status updates on my personal journey out of debt and into prosperity!

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