I haven't posted in a couple weeks (which, thankfully, is shorter time between posts than the two years between posts in 2004). I'm starting the countdown to the kickoff of my project to generate $1 million cash in 184 days (am I tipping the IRS off to something big? Naw, I'm not doing anything but reaching for the American dream, and if I make it, the feds will benefit - and maybe they'll finally do something useful with my tax dollars!)
Saturday's the launch, and here's how we'll chronicle the 184 days:
Starting amount: $100.00
We'll post each day's starting cash bank and ending cash balance by 9:00 p.m. each night on the blog.
Of course, we'll record each day's revenues and expenditures.
We'll use Quicken for tracking our transactions - income and expenses.
Up to the first $100,000.00 cash revenues, we'll handle the bookkeeping. At $100,000.00, we'll turn the cash management chores over to a CPA who will handle the recordkeeping the rest of the way to the $1 million.
Our CPA will prepare and manage all the records - clients, income, expenses, and net cash totals, and prepare monthly balance sheets.
At the end of the 184 days, on News Year's Eve - December 31, 2006 - our CPA will close and reconcile the books and we'll report a total - whatever amount is in our main account ledger, whether it's $1.00 or hopefully $1 million.
We won't post every detail of every transaction, but we'll feature some of the more interesting strategies we use to generate our daily cash totals. Remember we're starting a business that has one goal - to generate $1 million cash within 184 days (6 calendar months).
Achieving that goal, while it sounds ambitious, is, as we'll show you, eminently achievable, but requires planning, innovative and timely execution of targeted money making strategies, and a focus on finding and satisfying the customers we solicit who come to do business with us. After all, it's their belief and investment in the products and services we offer that will determine how successful our venture becomes.
Tomorrow: one day before the launch of our project, we'll share some simple yet effective marketing strategies that are FREE TO YOU, but are powerful revenue generators. Hey, we're starting with $100.00, so every penny has to work as hard as a dollar. See you tomorrow with the first of 184 days of tips, strategies, success stories, and a countdown to $1 million cash in 184 days.
