Saving Your Way to a Million
Open a savings account with your local bank. Talk with your bank to see which saving account will earn you the most interest, explain your business plan to the person who is helping you, and see which type of saving account she recommends.
Once you've opened your savings account, place money into it each month. Figure up all your monthly earnings ¨C next, pay your bills and business expenses, save a little for personal use, and place the rest into your new savings account so it can begin growing. At the end of each year, check with the bank to see your earnings for the entire year. Take part of your earnings and start investing it to earn more.
Setting Goals to Achieve Your First Million
Don't set your goals too high at first - be realistic. Set a goal to earn $5,000 by September 1. Once you meet that goal you can increase it by 20 percent.
The next goal you want to set is a lifestyle goal. Do you plan to travel or work locally? Finally, set a marketing goal. Decide how many markets you will target in one month, and set a budget for your marketing plan.