Xpansion Code Radio

Episode 24 - Money Rules - (Business)

Episode Summary

I explain why money rules in your business is so important.

Episode Notes

In Loral Langemeier book Wealth Cycle Investing, on page 57, She talks about money rules and taking control. Your money rules are determined by your current situation and financial objectives, and they help you decide what to do.

Here are some other Money Rules to help you
Cash Machine Money Rules:

• How much money will you invest in the business?
• Will you bring in JV partners for capital?
• Will you utilize partners for other reasons?
• If so, how much interest/ownership are you willing to give up?
• Will you borrow money for expansion and/or growth
• Will you borrow money for operations?
• Will you purchase assets in the business name?

Money Rules For Holding Assets:

• What kind of entities will you utilize?
• How will your entities be structured in relation to one another?
• How much equity are you willing to put at risk per entity?
• How many businesses/assets will you hold per entity?
• When will you start a new entity?
• Will you pay taxes per entity or flow income to a “mother ship” or to your personal tax return?

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