Reality - between 50% and 75% of new businesses wont make it past the first 3 years!!
So why is that?
The only way to make sure you're actually achieving what you set out to achieve in $ terms, new customers, visiting clients - is to chunk it down and monitor it.
But what does that actually mean?
From those starting out in the property market to mums and dads, it seems so many people think generating a tax loss from having a property is a great idea.
But is it really??
The key to operating a successful business and making money in an economic downturn or recession is to know where your business performs well and where it can improve.
A shortfall can have a significant impact on your retirement plans and may force you to reassess your desired standard of living in retirement.
Worst case - it can mean you cant afford to sell.