The ideal dream when starting an online business is to create true financial Freedom. I’m sure you will agree with me that before you can become financially free you need to fully understand how much money you need to earn as a full time online entrepreneur.

To help you calculate your personal expenditure I have created a spreadsheet for you called “calculating your financial Freedom target”.

The idea is for you to enter into the spreadsheet your weekly expenditures, your monthly expenditures and your annual expenditures. The spreadsheet will then automatically calculate how much your online business needs term online annual, monthly and weekly basis.

You can also create a separate spreadsheet using this same method to calculate your online business expenses.

Once you have these figures you can then create clear sales targets for your online business and you will know exactly when your online business can support you and you can go full-time.

You can download the spreadsheet on this link;

Download the Spreadsheet

When looking for Joint-Venture (JV) property finance you can't just beg people - you have to think WIIFT! (What's in it for them). People with money have probably worked hard to get it and will be very protective of this universal asset - They do want to make their money work however. If the capital is not producing a return it is depreciating and they are possibly having to live off the savings (a truly lose-lose situation).

You have to demonstraight what a "Win-Win" opportunity you can offer them, in short JV investors want to know (on one page);

a) What is the property deal on offer and why is it profitable (any special angles or discounts you have)?

b) How much is needed and how much profit will I get?

c) How long will the cash be tied up?

d) how will I get it back if things go wrong (what security is available)?

e) Who are you and why should I believe you can complete the whole transaction (Your skills & experience or your team's/partner's skills & experience etc.)

Even though initially you should fit all this info on one A4 sheet (a very good exercise by the way) you should have a longer document available expanding on the various points just in case there is initial interest, I'd keep this to around 6 pages maximum - for larger or longer term deals you will also need to have a full busines plan available. Click the image to download a free guide on How to write an effective business plan.