A Solid Financial Foundation - myhappyassets.com

Bottom line - starting a business is risky. Eight out of 10 fail within the first 5 years. One way to mitigate this risk is by having a solid personal, financial foundation in place.

You can do this by reducing your personal debt, getting on a budget and by developing and reviewing your balance sheet on a monthly basis. This solid plan will hedge the risk of going into business (you will have a financial cushion to fall back on) and it will make you a better money manager.

Remember - you take it with you. If you are a bad money manager in your personal life, you will be a bad money manager in business. Learn the ropes and prepare yourself and build a solid foundation before taking the leap.

I write about this plan in Chapter 2 of My Happy Assets. Check it out at www.myhappyassets.com, also available on Amazon kindle. Click now!

Have a great day,

myhappyassets