Podcast :: 10 Don'ts When Starting a Business for Passive Income

From the Genius Types archive. Originally published April 7, 2008.

Listen to the original recording

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

Send questions for future podcasts to [email protected]. Please include your City/State/Country.