159: How to Make Income First
This week Grant is talking about money, finances, and how you can simplify them to a digestible amount.
If you\u2019re stuck at a crossroads you\u2019re stuck at a maybe\u2014you need to make a decision. You need to go as fast as you can in one direction, and if it\u2019s wrong, adjust your path.
Simplify everything.
Your Finances:
1. Income \u2013 How much came in?
2. Expenses \u2013 How much went out?
3. Net \u2013 How much do we have left?
\u201cYou\u2019re kept from your genius and your potential because you\u2019re overcomplicating everything.\u201d \u2013 GC
The first thing you have to do is make a lot of money. Your parents taught you about expenses\u2014use coupons, get discounts\u2014and it\u2019s a waste of time. You need a financial statement, a plan to make money.
Business is supposed to be fun\u2014and it ain\u2019t fun when you\u2019re broke. You need to focus on the top part of your financial statement; the income. Get as many flows in as you can and immediately push that back out to build more sources of income.
\u201cUntil you identify the right problem you will not be able to overcome it.\u201d \u2013 GC