First, understand this:

Money in business is like water in a bucket

If you don’t control it, it will leak

If you manage it well it will grow

1 Don’t spend like a big company

Advice

Start small Control your expenses

Example

Imagine you open a small Indomie shop

Don’t rent an expensive shop immediately

Don’t buy everything at once

Start with

Small stock

Simple setup

Grow slowly with profit

2. Separate your money”

Advice

Business money  personal money

Example

You sell eggs and bread

Today you make ₦10,000

Don’t go and use everything to buy clothes

Keep business money in one place

Pay yourself small salary

This helps your business grow

3. Reinvest your profit

Advice

Don’t chop all your profit  grow it

Example

You make ₦5,000 profit

Don’t spend all

Use

₦3,000 to buy more goods

₦2,000 for yourself

Next time you will sell more  earn more

4. Use other people’s money wisely

Advice

Leverage  using small money to control bigger money

Example

You don’t have enough money to buy many cartons of Indomie

You can

Collect goods on credit

Or partner with someone

Sell  pay back keep profit

But be careful

Don’t borrow if you don’t understand the risk

5. Know your numbers

Advice

Always know

How much you buy

How much you sell

Your profit

Example

If you don’t track,You may think you’re making money, but you’re losing

Write everything down

6. Build slowly but strong

Advice

Don’t rush to look rich —’ focus on being stable

Example

Don’t buy a big car because business just started

Don’t expand too fast

Grow step by step

 

A good business is not the one that makes money fast — it is the one that keeps money and grows it

Knowledge is the key 🔐 🥺💯📚📖

From mozeey30 Thank you

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