• Sam Cibrone

You Must Have Money to Make Money

In my new book Cracking the Start Up Code: 5 Myths to Starting or Growing a Small Business which will be released in October, I highlight 5 Myths in Business. The first one is today’s topic of discussion. I surveyed many people and asked them what is the thing you are most afraid of when starting a business or if they owned a business what is your biggest fear in growing your business. The #1 answer was fear of losing money or lack of money!!!! I am here to tell you that I have owned 5 successful small businesses and I never invested lots of money. Here are my suggestions:

1. Don’t quit your job!!!! If you have steady income it will allow you to start or grow your business the right way. We all make different decisions when we have to use our businesses to put food on the table.

2. Start small and frugal as too many people want to go big right away. Instead of opening a 20,000 sq ft. restaurant, try a food truck. If we keep our overhead low at the beginning, we don’t need lots of money.

3. Be creative with resources. When I started a tutoring company, I did not go out and buy tons of teaching materials. I went to the school district for old text books and workbooks. Instead of getting a big tutoring center, I met kids at coffee shops or their houses. Then eventually I was able to rent a nice tutoring center!!!

There are many other strategies that are in the book. The main idea is that “You don’t have to have lots of money to make money.” If you would like to discuss this myth or any of the other 4 myths in the book, then drop me a line at sam@cibronebusinesstools.com

Take care and Blessings,

Coach Sam

0 views0 comments

Recent Posts

See All

Deliver +1

Today we’ll talk about the concept of Deliver +1 and how this concept can take your customer service to the next level. I’ve decided to split up this post so the next one will cover the 1% Rule. Consi

3 Mortars for Your Business

Today I’d like to talk about the three keys to business development and how you can put the right bricks in place to build a solid foundation. There are three main areas of business development: · In

Lessons I Learned from Paris Hilton

Today we’ll talk about shameless self-promotion. That’s right, I said it! Shameless! After all, we are learning from Paris Hilton here. It’s all about self-promotion! Self-promotion comes in many form