Is running your business that far off from managing your own finances? The key to success is having a plan. Whether that is creating a budget in order to monitor expenses or creating a retirement plan (investor payback), setting benchmarks for 5 or 10 years down the road will lead you towards a path of success. Click here to see how Kerry Hannon of the NY Times maps out a retirement plan that encourages you to think into the future. While reading this think about how a plan like this can apply to your business. Do you have goals for 5, 10, 20 years down the road? Once your business start turing a profit how will you allocate those earnings?
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