What I Am Doing To Make My Business A Reality

I am going to create a successful business with recurring revenue. But there are a few things I am going to accomplish before I make this thing really successful.

1: Technically I already have a business

I currently have an LLC that has a piece of property inside it. But I want to unlock the value there.

2: Currently in the process of selling the property to unlock the capital

Right now real estate is really high and my property is in a good location. I am fine with selling it and using that money as seed capital for my business.The vast majority of the money will go into cash savings for a rain day, the other small portion will be used to experiment with business ideas.

3: Clients

I already have 2 business clients, but I have a plan to get more and grow that annual revenue.I have a list of people that I am going to reach out to.And then I also have a marketing plan to reach more people.If I can get 200 customers I can replace my current income.

4: Quickbooks

Having some type of accounting system will keep more organized, but also remind me to do things and keep me on track.

5: Chase business account

The llc already has a business account, but it is not good. Chase is more expensive, but also has more business services.

6: Investment account

Currently using Fidelity, need to actually connect and fund the account.

7: Marketing

I think it would be good to have some type of marketing software to keep track of potential sales leads. Need to investigate Hubspot or Salesforce etc.

8: Build the business website

Somehow in my mind this will make the business more legitimate and make me take it more seriously.

9: Create a name, email and phone number for the business

10: Don’t quit – I can always work on this business for one more day

11: Remember Berkshire Hathaway

Your not just building one business, but multiple streams of income under one umbrella

12: The goal is to provide great products and generate recurring cash flow

13: Keeping it lean

I can run this whole business myself. Might use a CPA or bookkeeper if this grow. 

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