Keep it simple

Three very key words in a successful small business. Its pretty basic. The more work I can do myself the more money goes to my bottom line. I believe the more involved a small business owner is in the day to day affairs of the business,  the better the chance of more long term sustained growth. Keeping costs in check as the business grows is key to creating a good foundation. It is very easy to get wrapped up in early success and increase the costs too dramatically. Ive seen my share of small businesses succeed early and then go boat shopping, house shopping, lavish vacations etc etc., then when the economy goes south or business slows there is no reserve. Ive been taught to accept the best and prepare for the worst. I like the simple idea of stashing away 6 months personal and business expenses to cover tough times. By tough times I mean a sustained slow down in business. I look at it like this put the money aside and FORGET about it. I dont touch that money until all reasonable (and some unreasonable to the untrained mind) resources are exhausted. Im not saying dont treat myself here and there to some of the things I want, I just think "Am i secure enough today that if business slowed and my income diminished tomorrow can i continue to operate?" Well thats it for now, tomorrow I will delve more into business foundation as well as having FUN and allowing my mind to rest so as to not create business burnout.