5 HELPFUL TIPS THAT WILL PLANT YOU A MONEY TREE
Tell me, what other thing sounds half as good as owning a money tree?
Think about it and tell me. Really, nothing else does. The feeling that you own a tree that grows money is ecstatic!
As in, your working level automatically reduces to minimal. Watering the tree is all required of you. Life is then good and extremely comfy. I kid you not, such life is wanted by many.
Lemme now pull you from the fantasy you’re having back to life.
Yes! Owing your money tree is feasible. All you have to do is lit the candle of your business. Either small or big.
However, lighting the candle of your business has requirements to be met, cos, you don’t wanna douse the flames of your business before they even start burning.
I bring to your attention these 5 tips that will help you plant your money tree(business).
1. DECIDE AND RESEARCH YOUR TREE TO PLANT
A day unforgettable for me in the business ghetto was the day I invested my only capital in a business I was sweet- talked into without researching and accessing the essential knowledge about the business.
Fact remains that the investment was a good and profitable one. People made enough from it, but I profited nothing from the business.
I failed to research the necessary knowledge for the investment, so I invested in a business I shouldn’t have, and I failed in it.
Planting your money tree(business) should be preceded by decision making and painstaking research on your chosen money tree(business).
Select a business that proffers solution to one of the problems of your community.
No matter how promising a business seems, never invest your capital in it without accessing the essential knowledge on the business, cos, you don’t wanna douse the flames of your business before they even start burning.
Make a detailed research and seek advices on the business you wish to set up.
This is to avoid making unnecessary mistakes that can lead to incurring minor or major losses.
2. SKETCH OUT A SOLID PLAN FOR YOUR MONEY TREE
A fool- proof plan is basic for planting your money tree. You don’t want your money tree to wither away. Do you?
In the business world, every business requires a solid business plan. The stream of any business without a good business plan dries up speedily.
A business without a good plan is just like a moving car without the driver. It will definitely run off course, and ultimately results in accident.
Your business plan should include every little detail. Ranging from the most important, to the least important.
Your business plan must include details like: the amount of capital you seek to invest, the amount of profit you seek to make within a particular timeframe.
Also, you must include a strong financing plan as well as a solid marketing plan and location, cos, you don’t wanna plant your money tree in a barren land.
Finally, your business plan should include infallible tactics and strategies to attract and arouse interest of the public to the services which your business seeks to offer.
3. ACQUIRE THE NECESSARY LICENSE, PAPERWORK AND REGISTRATION
Every business requires to be registered and licensed by the government of its location.
You must get the required paperwork from the local office of the government of your business location.
A business without the necessary paperwork, license and registration ain’t legalized for operation.
4. ACTUALIZE YOUR BUSINESS AND HIRE THE NECESSARY LABOUR FOR OPERATION
Building your business into reality should follow once the necessary paperwork has been acquired.
Start up your business and hire the necessary labour for your operations.
5. INSURE YOUR BUSINESS
Be sure to insure your business against advent of accidents and emergencies.
We all hope, work and pray against accidents in business, but accidents can be unavoidable at times.
Insurance makes it easier to restart your business operations after accidents and emergencies.
Conclusion
Planting your money tree will be smoothly done with proper regards to the tenets of the 5 tips highlighted above.
Obey the tenets of the 5 tips and you’ll surely start harvesting the fruits of your money tree, soonest!
