How long will it take to have a successful business?
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How long will it take to have a successful business?
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Answer is:
It depends on what type of business you're starting.
Have you set up a business plan? Do you have a team to support? Do you recognize that it takes money to invest in your business to turn around and be successful in it?
The rule of thumb typically is that you should have enough money set aside in either alone or your savings to get you through two years.
It doesn't mean that you're not going to make money in those two years, but typically you're taking the money you're making in the two years of starting your business and reinvesting it back in the business.
You could probably pull out a profit and probably make a living, but when you set yourself up recognizing that you should give yourself those two years to really focus on reinvesting in your business and being successful that is going to set you up for long-term success.
As somebody that has opened multiple businesses, someone that has started and owned a business for 25 years, I will tell you that success does not come overnight.
When you set yourself up for success, by setting up a business plan, building a team, recognizing that you should have money to invest in your business, and doing it right from the get-go, there is no reason why your business should not be successful and to make money.
Watch on Video: https://www.youtube.com/watch?v=CMYuYs4I6GA
We hope you learned something of value from this video. To reach Galit with Galit Ventura Rozen, M.A. directly go to: https://galitventurarozen.com/ or email them at: grozen1@gmail.com
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