The 15 Days Challenge is an online programme designed to teach you all you need to know to be able to grow an online business from nothing. Today’s lesson is focused on investment, especially on yourself.
The key to the success of any business: OPM
OPM (other people’s money AKA debt) is the main starter of any business. Successful entrepreneurs understand that they need to pour money into their business one way or another, and if you don’t have the funds for your business, that means taking a loan to get started.
Business expenses
A business expense is any money you have to spend to run your business, this includes but is not limited to training, attending seminars, having a lunch with a prospective client, etc… Business expenses can be deducted from your taxes, thus lowering the amount of taxes you pay.
Disclaimer: some of the information in this lesson may apply differently outside the USA.