How can you build your SFI business on a tight budget?
There are two quantitative questions that we must address first.
1. Define tight budget. This may be different for every individual. Do we mean $10 a month, $20 a month etc. Tight budget for one may make another salivate.
2. We need to define time and duration when we bring in the concept of building a business. For one, the question may be translated into how can I grow my business in the next year with a monthly budget of $30? However, for another, the question may be, how do I grow my SFI business in 2014 if i can not afford a SO and can only invest once I have a positive return?
As you can see, there is no one answer to this question as everyone's situation is unique to itself when quantifying budget and duration. So for the purposes of this question and my answer, I will assume that tight means you can't afford a 1500 SO and with that how can I still grow my business in the next 6-12 months?
In any scenario, their is a negative correlation to the total budget available for reinvestment and amount of effort required to grow ones business. In laments terms, if i have $100 of capital to reinvest monthly, then i will require 40 man hours to see a 3% growth as opposed to i have $5 a month capital to invest into my business and thus i will need to work 120 hours to see the same gain.
With that said, the tighter the budget, the harder you will have to work to maintain the same goal of growing at fixed rate in x number of months. This is your answer. Anyone can grow their SFI business with a limited budget as they can use resources that are low cost and free and still realize gain. People do this daily.
What is a perfect example of this is free advertising. Free advertising on the Internet is available and at your disposable whether it be skill and you driving your own traffic or safellist or classified add or merely social networking. If you have limited budget, in order to grow your business and market and promote, it will take much more effort. As you start out, you will be working hard, but as you slowly grow and have more captial to reinvest, you can then move to paid advertising or coops and your own effort frees up considerably.
To sum this up, to grow your business on a tight budget will require persistence, dedication, motivation, and free time since you yourself will be doing all the heavy lifting. As time goes on and you start to see a return and your budget increases, your manhours decrease, as now you can leverage other peoples effort and not your own to grow your business.
Hope this helps . Good luck!
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How can you build your SFI business on a tight budget?
There are two quantitative questions that we must address first.
1. Define tight budget. This may be different for every individual. Do we mean $10 a month, $20 a month etc. Tight budget for one may make another salivate.
2. We need to define time and duration when we bring in the concept of building a business. For one, the question may be translated into how can I grow my business in the next year with a
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