As you previously discovered in part one of this ongoing series, sadly, there are quite a few, extremely dedicated, and savvy entrepreneurs, for any number of reasons, simply are not going to make it long term, correct?
But as you continuously boil down the major reasons why, they simply had or have, far more upfront, out of control overhead expenses, then they have incoming revenue to cover it, right?
There’s no need to get overly clever or too fancy here. Would you not agree? You continuously invest a dollar of your extremely hard earned money,trying to run and or maintain your business/service, yet only recoup 88 cents or less, and guess what?
Unless, or until, you develop a proven, and reliable back end income generating revenue stream or two,to offset your ongoing expenses, your entrepreneurial endeavor is simply upside down. Meaning, there are simply too many profit leaks in your operation, to sustain itself.
And therefore sadly, it’s only a matter of time, before it no longer makes economic sense to try and keep it afloat! Sound all too horrifyingly familiar? Of course you must realize, it has certainly does not have to be this way, correct? Continue reading