News » Once you have taken care of the first three cash flow forces

Once you have taken care of the first three cash flow forces, you get to enjoy the fruit of your labor. You can now use those Newport Cigarettes Coupons after tax profits that the business does not need to diversify your wealth. Notice I said diversify, not consume! Unless you have multiple sources of income beyond Cigarettes Online USA your needs, the moment you are looking to the profits of your business to meet your consumption needs, you have headed down a dangerous path. This is why it is important to pay yourself a market-based wage for the "job" you do in your business and live off your salary. When your business has profits to distribute, you should first use it to eliminate personal debt and then to build assets outside of the business.

In summary, once you are profitable, it is taxes, debt, core capital and then you can have a distribution. It is a great formula for building lasting wealth from your entrepreneurial efforts, and keeping your cash cow healthy for years to come.


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