10 Don’ts When Starting a Business for Passive Income

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1. DON’T Choose the Service Model
2. DON’T Borrow on Depreciating Assets (and for the love… don’t borrow on expenses!)
3. DON’T Skimp on Bookkeeping
4. DON’T Quit Your Day Job Until You can Reliably Replace Your Income
5. DON’T Drown in Inventory
6. DON’T Accept a Negative Cashflow Statement
7. DON’T Accept a Negative Balance Sheet
8. DON’T Chase Good Money after Bad
9. DON’T Spend More Money than You’ve Already Made
10. DON’T Become a Slave to the Business
BONUS. DON’T Mix your Personal and Business Money

Music By:
Big Head Todd
PodShow PodSafe Music Network

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