Making your own money… first means paying what’s not

money

Recently, a friend was telling me about starting her new service company. She was enthusiastic about “being her own boss and making her own money.” So she was taken aback when I asked if she had calculated whether she would actually bring in enough to make a decent living… after taxes, contributions and other expenses.

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Author: Cédric Donck

Cedric Donck is Co-Founder and Dean at the Virtuology Academy. As an experienced entrepreneur, he launched various start-ups in the Internet and communications sector. Since 2012, he has been a professional Business Angel and has invested in a dozen Internet-based companies in Brussels, Paris and Madagascar. In 2013 he created the Pimento Map, a unique, fast, easy and accurate methodology to validate and evaluate the chances of success of a business model. Furthermore, he is also a visiting professor at Vlerick, where he lectures on the entrepreneurship and financing of SME’s.

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