George and Mary-Lynn

The Secret to Survive and Thrive in Your Own Business

ByWynn Bigg
Bigg Success Contributor
03-24-08

Wynn Bigg Today

 

There’s a mistake that many business people make. This mistake isn’t made by start-up entrepreneurs. They don’t have the luxury of making this mistake.

This mistake is made by business owners who have been at it for awhile.

They started a business. They nursed it through its tentative early stages. They pinched every penny because they had no choice. They watched their little business start to bloom. They saw it become a full-fledged business.

They congratulated themselves on how smart they were. They bought expensive new cars. They joined the country club. They built a brand new house in the most elite neighborhood in town. They traveled. They “summered”. They lived the life!

They showed the world just how successful they were.

Then disaster struck!

As their personal spending increased, they had to draw more and more money out of their business. Money that the business needed to keep growing. The next thing you know … they had no business!

They were the captains of their own ship … and they sunk it!

I’ve seen this happen time and time again.

The businesses were good businesses. The owners were good people. They just got caught up in their own success.

Make sure you learn from their mistakes. 

If you want to wynn bigg, you have to survive to thrive. Here's how you "surthrive" step-by-step:

Step 1 – Live conservatively – at work and at home – until your business stabilizes.

Step 2 – Pay off debt.

Step 3 – Invest until your passive income exceeds the costs of your desired lifestyle.

Step 4 – Slowly start enjoying the fruits of your labor.

In the meantime, build a business asset that you can sell. That’s your bonus money.

Now you can live the bigg life!

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Hear today's lesson and laugh on The Bigg Success Show. 

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