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Step 1
Start your business, low cost. The goal is to make a profit. Big and flashy will come later once you are established. If you start off with a huge office, tons of employees, billboards and flashing neon lights, you're going to spend a lot of money very quickly. Monitor your spending early on, and spend it on operating your business.
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Step 2
Monitor your growth. Businesses that grow too quickly often have money difficulties. While this is an exciting time, tons of customers require tons of product, tons of employees and probably extended hours. It's easy to start spending money faster than you're making it just to keep up.
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Step 3
Create incentives. The only way to make money is to collect it from your customers. Make incentives for customers to pay you as soon as possible, like giving them added services or products--or even a discount on price.
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Step 4
Collect now, and pay later. The best way to make money is to get money as soon as you can and spend money as late as you can. Collect from your customers early, and pay your debts as late as you can. Even go so far as to ask for extensions on payment to your suppliers; this won't damage your credit as long as they okay the extension. Or better yet, try to get consignments so you only owe on products after you sell them.
