Etan Tzvi Dimant Shares 5 Tips for Entrepreneurs to Invest Wisely

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ETAN TZVI DIMANT SHARES 5 TIPS FOR ENTREPRENEURS
TO INVEST WISELY
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If youre successful, though, over time you
should start to have more cash on hand. When that
happens, you want to have a solid plan regarding
what to do with your hard-earned income.
The entrepreneurial life is full of ups and
downs. As you take risks, youll likely see your
income drop at one moment and spike the next.
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1. CREATE A FOUNDATION FOR THE FUTURE
Before you hunt down the latest cryptocurrency or
invest in a piece of real estate, its important
to consider if you have a solid foundation for
the future. As a self-employed individual, you
dont have a corporation providing a retirement
option or matching contributions.
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2. ESTABLISH A BUSINESS PLAN
Before an entrepreneur gets too far down the
road, they should write a business plan. A
business plan is often compared to a blueprint,
laying out the steps to proceed from idea to
market and beyond.
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3. START ANOTHER BUSINESS
If youre an entrepreneur with money to spend,
youve already figured out how to get a business
off the ground. In fact, youre so successful,
you have excess profits that youre looking to
reinvest.
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4. INVEST IN YOUR EXISTING BUSINESS
If launching a startup from scratch isnt the
best idea, theres another option. Invest in the
business that you already have.
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5. POUR INTO PEOPLE AND CAUSES
The first and most important thing that this does
is use your money for maximum impact in the
communities that you care about. But it goes
further than that.
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THANKS