Arshad Madhani Recently Shared Four Helpful Financial Tips for Young Entrepreneurs on RealWealthBusiness.com
The Digital Marketing Expert Offered Sound Advice for Budding Entrepreneurs who Would Like to Learn to Manage their Money
LOS ANGELES, CA / ACCESSWIRE / September 28, 2018 / Arshad Madhani, a digital marketing expert with over 10 years of experience, is pleased to announce that he was recently featured in an interview and article on the RealWealthBusiness website. The article, which is titled ”4 Tips For Young Entrepreneurs On Managing Their Wealth” features plenty of great advice from Madhani to young entrepreneurs who may be coming into money for the first time.
To read the article in its entirety, please check out https://realwealthbusiness.com/arashadmadhani-shares-4-tips-young-entrepreneurs-managing-wealth/.
As Madhani told the interviewer and author of the article, his work as a consultant has allowed him to see what young entrepreneurs often do with their money once their new company begins to grow and succeed. To help them to manage their funds as well as possible, Madhani said young entrepreneurs should begin by hiring an accountant and a financial advisor.
”Financial markets are complex, so an investment that seems like a no-brainer could turn south if you don’t know what you are doing,” he said, adding that a financial professional can also advise young entrepreneurs whenever they think they have discovered a ”can’t miss” opportunity, ensuring that they do not do anything that they come to regret.
Living within their means is also key to a young entrepreneur’s financial success, Madhani noted in the article. While it might be tempting to spend all of their newfound income as well as enjoy some shopping sprees funded by a credit card or two, he strongly urges against this.
”You do not want to rack up a lot of debt while business is good only to be left without a recourse if things take a turn for the worse.”
Although an occasional splurge like a short vacation is fine for young entrepreneurs to enjoy now and then, business owners should be careful to never spend more than they are actually taking in. They should also clearly differentiate between their own personal incomes and their company revenues, Madhani said, noting that entrepreneurs should never use funds that the company may need later on.
About Arshad Madhani:
Arshad Madhani earned his MBA from Texas A&M International University and has over a decade of experience working in the Digital Marketing and Consulting space. Learn more about Arshad and get more digital marketing tips and tricks by following his blog at: http://arshadmadhani.com/.
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SOURCE: Arshad Madhani
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