How to Visualize it Done
The best emails I get in my business consulting company are those with one word-DONE. How many times have you waited painfully for someone to complete a task for you? Next time you ask someone to perform a task, visualize getting an email the next day saying done. Now that you are dreaming of having it done, make sure that vision comes to fruition. How? State your expectations and train those around you to just get it done by being unambiguous about it. It is always good to be...
Read MoreBudget Season
As we slide away from autumn into winter, many folks begin spending like mad, stocking up the gifts they’ll be doling out. And then January rolls around, and everyone tightens their budgetary belt, hoping to squeeze the bills they’ve wracked up into manageability. Yet, budgets should be done before the spending, not afterwards. Yes, hindsight is 20/20, but in budgetary concerns, you have to be eagle-eyed looking toward the future. So ’tis the season to budget wisely....
Read MoreDecide on Your Business Goals First
Before you start or make any big changes to your business know your business’ goal. It can be any one of the following: Cash flow Salary Building an Asset/or boosting your Net Worth Following a dream/doing what you love or using a talent you have Now if you only chose one of the above goals, that is fine and dandy – it is a legtimate goal. However, here is a secret to know – a GREAT business is one that contains all the goals listed above. Creating and...
Read MoreBest and Worst Case Scenario
In business the term “Best and Worst Case Scenario” is used to decide whether to proceed with an investment. This might seem complicated, but it is more complicated to jump into an investment without thinking through the various gamut of possibilities opened by that investment. So, take the time, and think out your investment by following the flow of the steps below. Decide financial goals. Short term Cash flow Long term Cash flow Long term appreciation Exit strategy Schedule...
Read More6 Ways to a Healthy Bottom Line – Fast
1. Cut all discretionary expenses that do not drive the company’s prime 3 missions or goals 2. Review and rethink all fixed costs which no longer are integral revenue drivers for the company 3. Prioritize all outstanding bills. Pay those vendors first which the business needs to drive revenue 4. Do not cut expenses which will cost the company massive time to transition from if there is a short term cash flow problem 5. Be careful not to cut expenses which create a major obstacle for...
Read MoreThe Secret to Becoming Great
With growth comes major hurdles to jump. The saying “no pain no gain” is true. Businesses must put in hard work to become great. An Olympic athlete must go through strenuous training before they make it to the Olympics. They must go faster, work harder, and be fully commited to reach new world records. So, too, in a business. If you want to build something great, you must work smarter than the competition, learn more, and aim higher. Olympic athletes are...
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