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Joe Armato teaches how to start a business, Joe Armato has been in real estate and business for years and now he shares his experience through the web.
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01 Starting a Business101 01 Tips to Help YouSucceed JosephArmato
02 Do thatthing youlove. When the going gets tough, your passion will inspire you to carryon. 02
Have enough to keep the lights on during the first few months of operations since profits won’t come in rightaway. 03 Keep asteady cashflow. 03
Formyour team. 04 Find a mentor. Seek a consultancy firm. Look for people who are as passionate as you are with what you are pursuing. 04
05 05 Get clients. Ensure there's a market for what you plan to sell. Research on demand and talk to real prospects to validate yourideas.
06 Createa business plan. Test the feasibility of your business idea and establish the foundation if it’s manageable andeffective. 06
Research aboutthe business. Read books and ask the right people. Be informed about the business you’re entering, the opportunities available, and thecompetition. 07 07
08 08 Build acash reserve. This is capital money you already have. You can also approach potential business partners, investors, and lenders.
09 Remind yourself you’re doing business. Business and personal funds should be separate. Track all your business expenses andincome. 09 JoeArmato
10 10 "The reason we struggle with insecurity isbecause we compare our behind- the-scenes witheveryone else’s highlightreel." Stay focused and believe in yourpurpose. Goodluck!