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Saturday, 24 May 2008 |
By Roberto Bonomi
The internet business' money & entry plans: You must have enough money to cover your costs of living and starting your internet business during the following startup period:
* From six months to a year to get underway
* One to three years to turn a profit
* Three to five years to become self-sustaining.
* There are five entry plans that you can consider as options:
* The Sideline Plan: Keep your full-time job and develop your business as a sideline until it takes off
* The Part-time Plan; Provide yourself with a part-time job income while you build up the operation.
* The Interchange Plan: Start your job with a major client from you previous job (if ethically possible), or even turn your previous employer into your first major customer
* The Reduction Plan: Reduce your expenses to be able to live from your working spouse or partner salary until your business gets underway
* The Clients-Source Plan: If you are a recognized expert in your field, you might be able to assure your source of revenue, with a retainer contracts with a few clients for one year
* Get deposits, retainers or |
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Last Updated ( Saturday, 24 May 2008 )
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