30 Day cash injection challenge
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Day 16 - Cash-Flow Mastermind Group
Day 16 - Cash-Flow Mastermind Group
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Another idea, and this is a, I don't know, whether it's a South African idea. It's called stokvel. And it's been made popular by, by by the old ladies in the townships, you know, where they would come together, and club and put money together, and literally rotate this whole support system of cash flow, every month they put money together. And on a particular month they would support one person in a particular month, they would support one (another) person, or they would put money together and start an investment club or whatever. But the point here, is that stokvels work, you know. Do you have a mastermind group of entrepreneurs around you? They might not necessarily be in your industry. They might be good friends, people you trust, people you know, where you can say, 'guys, let's come together', you know, you literally run your own little bank, you know, where you literally whenever times are good, or you fixed the amount of money that you're going to put aside every month, you know, and you you literally talk openly about each other's businesses, and you support each other. You know, that's another idea it could be ten, it could be twenty entrepreneurs, it could be five people. You know, I mean, think about the whole idea of Grameen Bank, how that whole bank was built and how it sustained itself, it was because of the community of entrepreneurs. So this idea might also work for you and for your business. And for people you know!