Page 60 - The Bootstrapper Bible

ChangeThis COMPANY A COMPANY B Saves ($) Balance($) Saves($) Balance($) 5,000 5,000 0 0 5,000 10,400 0 0 5,000 16,232 0 0 5,000 22,531 0 0 5,000 29,333 0 0 -5,000 26,680 5,000 (5,000) -5,000 23,814 5,000 (10,900) -5,000 20,719 5,000 (17,862) -5,000 17,377 5,000 (26,077) -5,000 13,767 5,000 (35,771) The difference is amazing. A $5,000 annual difference turns into nearly a $50,000 difference in the bottom line. Thatʼs the difference between success and failure for most businesses. Once youʼve come up with your personal expense number, you have what you need to do some smart planning. Youʼve got a nine-month look at your worst-case expenses, your guaranteed income, and your upside on both counts. Do you have enough money in the bank to make it if everything goes wrong? If you do, congratulations. Go run your business with focus and with confidence. Stick with the high road and do the things you need to realize your business plan. If not, donʼt despair. You need an alternate plan. A plan that allows you to spend a percent- age of your time each week on low-risk revenue sources. A way to bring in freelance income while you build your core business. | iss. 6.01 | i | U | X | + | h 60/103 f