1 Million Dollars in 365 days…

One of the most important things we can focus on in today’s economic environment is cash flow. It’s all good having customers, but if those customer’s aren’t paying you immediately, then you have to worry about recovering those payments so that you don’t go belly up and become an all too familiar statistic.

 As part of my goal to achieve $1 Million dollars in 365 days, I have had to come up with a range of different strategies and projects to contribute to my ultimate goal. The interesting part of this journey so far, has been that, while my ultimate goal remains the same, the ways I want to achieve it have changed.

When I started I wanted to make a Million Dollars by any means possible. Now, I want to make a Million Dollars by helping other people achieve success in their lives. Some may think that this has made my goal even more difficult, however it has actually done the opposite. Now I have more passion, more reason to achieve my goal, and I’ve never been so excited to achieve it!

One of the challenges I came across, is that I needed capital, sometimes only small amounts, to get some of my ideas off the ground. As I was working a day job, I had to think f another way to get some more money on a regular basis.

How to Generate Cashflow:

• Blog. It’s the way of the future. What are you good at? What do you know everything about? What do you want to achieve. Just visit wordpress or an associated blogging platform and sign up - it’s free.Then start blogging and soon your style will evolve and you will capture your niche audience. Then you can start making money with a whole host of activities such as Adsense, Affiliate marketing etc etc…
• Start a business. Now this doesn’t need to be anything too technical or complex. I’m talking something here that will generate sales and cash flow from day one. For example, say you purchase macadamia nuts in bulk, then package them into smaller bags and sell them for a profit. Now maybe you already have a day job - so you employ someone else to sit on the side of the road with a sign and sell nuts. If you can make the numbers work, you could potentially be earning a few hundred extra every week. Now maybe you could use that money to invest in your next, bigger business idea and so forth.
• Sell stuff. I mean your stuff. Have a garage sale - C’mon - you never really liked that couch anyway!? We all have something lying around home that we don’t use anymore and it’s probably worth something to someone else. You can hang on to it for that day when you might decide that you would like to use it again - I guess it all depends on how much you want to get your ideas into action. If you can sell Late Aunt Betty’s Silverware to better your future and that of your families - I’m sure she would be proud!
• Get an Investor. If you don’t have the money - find someone who does! Find someone you can trust and who has money, and tell them about your idea. They could invest a certain amount in return for shares in the company, or you could loan money from them to get started and decide to pay it back by a certain date, with interest.

“Sometimes it’s better to get a small percentage of something, rather than 100% of nothing”

 So go and get stuck in! If you have an idea that you want the world to know about, there’s no excuse not to go ahead and do something about it right now! You’ve got some ideas on how to get some cashflow happening so that you can invest in your idea on a regular basis and bring it to fruition.