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A Lesson In Money Management

It disturbs me when I read about marketers who've lost a
ton of money promoting their ventures.

I've seen messages by marketers who've spent as much as
$9,000 without making a cent. What's even more disturbing
is the fact that many of them have spent that money and
haven't learned a thing.

They've not only spent all their savings, they think the
problem will be solved by spending more money. They're
chasing their losses.

They aren't building a business, they are gambling. The
more they lose, the more they spend.

There's only one question to ask yourself before parting
with your hard earned money.

"Will spending this money make me more money?"

I learned that lesson in the brick and mortar world real
fast. I had just hocked my soul to buy a small business.

Before I even made a profit, I asked a friend about
knocking down a wall.

I still remember our conversation.

"Paul I'm thinking about knocking down that


wall."

Paul looked at me and said, "John do you really think it
will make you more money?"

That answer was a wake up call. My decision was based more
on ego, than it was on sound money management.

I'm still thankful I never tore down that wall.

Every dollar you spend, must bring back more than a dollar
in profits.

If you break even, you've lost money. You have a hole in
the bottom of your bucket.

You must save money in your personal life and in your
business venture as well.

The next time you're ready to spend money on a product or
service, ask yourself; "Will this make me more money?"

If the answer isn't a resounding yes, put your credit card
away. Make decisions based on profits, not ego.

About the Author

John publishes the "Street Smart Marketing"
newsletter. To subscribe
mailto:streetsmart@rapidreply.net
Download your free copy of Secrets of Success.
http://www.internet-profits4u.com/streetsmart.exe

 

About Management - business management - people management - and more
THE starting place for exploring MANAGEMENT; helping new managers get started and experienced managers get better.
management.about.com
 
Management - Wikipedia, the free encyclopedia
The phrase "management is what managers do" occurs widely, suggesting the difficulty of ... The management of a large organisation may have three levels: ...
en.wikipedia.org
 
Free Management Library
Quality Management · Research Methods · Risk Management · Sales · Social Entrepreneurship · Staffing · Starting an Organization · Strategic Planning ...
www.managementhelp.org
 
Welcome to the American Management Association
Helping business professionals learn practical management skills and the best practices of world class organization.
www.amanet.org
 
Project Management Institute (PMI) - The largest project ...
The organization of choice for project management professionalism. PMI establishes Project Management standards, provides seminars, educational programs and ...
www.pmi.org
 
IT Project Management and IT Service Management Ideas and Analysis ...
Datamation provides ideas and analysis for IT managers, featuring case studies and trend spotting reports on IT project and service management issues.
itmanagement.earthweb.com
 
Management
International review on management research. Peer-reviewed, occasional. Ejournal, with tables of content, abstracts and full articles available on-line.
www.dmsp.dauphine.fr
 
Society for Human Resource Management
Advances the human resource profession to ensure that HR is recognized as an essential partner in developing and executing organizational strategy.
www.shrm.org
 
FEMA | Federal Emergency Management Agency
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning.
www.fema.gov
 
FT.com / Business Life
Account Manager. Recruiter: Financial Times. Part Qualified Management Accountant. Recruiter: Robert Half Finance & Accounting ...
www.ft.com
 
Small Business Management: Advice and Guides
Online guide to small business management. Find articles, advice and how-to guides.
www.entrepreneur.com
 
Academy of Management Online
Academy of Management: This is the official web site of the Academy of Management, with information on membership, journals, list servers, web sites, ...
www.aomonline.org
 
Business Management, Leadership and Decision Making Strategies and ...
Provides business management articles, webcasts, online learning, and books as well as conferences focused on leadership and decision making.
www.bettermanagement.com
 
Object Management Group
Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP.
www.omg.org
 
Management Reading | Global Executive | Business | Economist.com
The one management thinker every educated person should read Nov 17th 2005 ... The story of Emerson's successful management process is fascinating. ...
www.economist.com
 
Emerald: Home
Publisher of journals in management and library and information services, engineering, applied science and technology.
www.emeraldinsight.com
 
Yale School of Management
The mission of the Yale School of Management is to educate global leaders for business and society. We pride ourselves in providing a hard-edged business ...
mba.yale.edu
 
US Office of Personnel Management
Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs.
www.usajobs.opm.gov
 
Waste Management
Waste Management is the #1 Residential and Commercial Trash Service Provider.
www.wm.com
 
US Office of Personnel Management
Includes federal jobs listings, upcoming events, numerous humans resources reports, news releases and additional official information.
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