Cashflow and money management

1.  Cashflow is very important.  In all activities you need money.  You cannot go out of your door without money.  To do this you initially have money in your pocket and use that for business or investing activities to make it grow.  Use it as capital for your business.  It could be simple as churning out P200 for a dealership.  Or the dealership could be free.  You could start with nothing!  And then SELL!!!

2. That way you recover your costs from the income that comes from your SALES.  Do it and you will have definite POSITIVE CASHFLOW.  Make sure that your EXPENSES<REVENUE.  Then you will have positive cashflow.

Marketing your product

1. To market your products, identify your target market.  You may be interested in some markets, the ones you would like to be friends with, then market to them.  As much as possible to make good sales, sell to everybody.  Let them know of your products.  Let them know you are selling those products.  Get to know your customers.  Establish a relationship.  Get to know their likes and dislikes in a product.

2. Selling is a communication about the product you are selling to the customers.  Explain the product.  How will it be good for the customers if they were to purchase it. Why is it good at its given price?  Explain the Customer Relationsip Management that comes with it. 

3. Give freebies.  Make the sale fun.  How do you attract your customers to buy your product.  Make it fun.

Putting up a business

1. Putting up a business is important as it will give us the much needed money we are looking for.  To do this, we should be able to know that the business we are putting up will definitely make money for us.  We should make sure that all service is good, that demands are met, that there is good management of the business so as the ensure that we will gain profit from these enterprise.

2. Putting up a business doesn't necessarily mean that we need big capital.  We can start from very low amount to a much bigger amount depending on the amount of money we are willing to invest as capital in a starting enterprise.  We should also know that all is not about money, but it is also about talent and skill.  Talent and skill is what will eventually rake in money for the business.  Even if you have the money but if you don't see to it that the business will operate well, you will still not be successful in doing the business.  Capital and skills are two very important components that must go together in operating a business.

Money basics

1. Money was created to exchange value for something.  Each person can exchange something for something else and money is the value.  To generate more cash, people have to think of innovative ways to generate cash.  They can exchange their talents for cash.  They can exchange their skills for cash.  They can exchange products for cash.  The goal is to generate profit so that you keep something for yourself.