• Filip Boksa

What's The Right Business Idea For Me If I'm A First-time Business Owner?

There are countless business ideas out there, but in my opinion, one should start with the one that can get the cash flow right away. On top of that, start with the one that can get you your first paying client without spending much money or effort getting them. If you focus on trying to build something that takes months or years to launch, you're going to either need to invest a lot of money, or you will need to raise money. Without previous experience or growth to show, it will be challenging to raise the necessary funds to stay afloat.

You have time. Get the experience from your first business, get the cash flow, and then branch out. Remember having multiple income streams is how you stay wealthy, but it's not how you get wealthy. Double down on one thing and start on something that will produce cash flow instantly.