Better Books=Better Business I say this all the time, however, when I say it, I’m convinced that it may mean something to me, but maybe not to the business owners, I hope to reach. You can have a thriving business, but without good financial records it will not matter. I’ve had tax clients that made literally over ½ million dollars in one year and have no business as at all the next year. It’s hard to imagine right? When…
BUDGETING IS BALANCING I’ve had multiple conversations with people who feel and will argue that somehow there are hidden secrets about wealth, wealth building and getting rich. That rich people know something the rest of us do not. I cannot argue with that. It’s not really a secret, but it’s a matter of understanding money, how one views the money he or she makes and how well that person distributes (instead of spend) that money. Money is a taboo…
YOU DOWN WITH OPM? Other People’s Money! From seminars to strategy sessions, the buzz is that you want to make money, using other people’s money. That’s so true! It’s a wonderful sound bite! However, when these seminars come to town, they show you their mansions, their great vacations, summer homes and expensive cars and rock star lifestyle. That’s great! They will charge you money to get into the session and they tell you general things for over an hour,…
It’s not just what kind of business you do; it’s how you handle it! There are a lot of hard-working people out here in America. Some have multiple jobs or hustles, others working just one job and many are the entrepreneurs I meet daily and I’m encouraged by them all. However, it’s not just about making an honest living but it’s also how you document that living and how you handle your business that counts as well. Managing a…
TO GET INFORMATION IMPLIES YOU DON’T HAVE IT OR DON’T KNOW Wouldn’t it be great if people would just randomly tell you things? Wouldn’t it be awesome if people with information read your mind, knew the things you were contemplating and randomly provided their thoughts without you having to engage, ask, or inquire? Needing knowledge is intimidating. You never really know how you will be perceived by your loved ones, friends or co-workers. You never know how they will…
HUMAN RESOURCES IS A BUSINESS WITHIN ITSELF People who do their job well make it look real easy. I think on every level there is a misconception of duties, job expectations and the difficulty of the task completed. Managers tend to feel and assume that workers are always goofing off, that for some reason all employees are lazy and require task masters to remain focus. Employees think that most managers are ignorant, arrogant, self-absorbed, lazy, and do nothing. WOW?…
TAX TALES: larger than life and full of lies…. Everyone likes to lie about money, especially their money! No one wants to tell people that they overspend, do not budget and cannot afford the lifestyle that they live. I get it! We’re private about money because we are lying about it. It’s only when you speak to others that you realize your deficiencies, as it relates to money and the way you manage or mismanage it. However, I’m very…
So the last time we discussed financial literacy we discussed having a vision. I received a lot of questions concerning that article and I’m glad! #1 it means you’re listening and secondly, it provides opportunity for discussion. Having a vision is the most powerful motivation one can have and believe it or not, everyone doesn’t have one! To simply say, “I want enough money to pay my bills isn’t vision.” That’s a goal and a very simple goal at…
VISION IS CRUCIAL! FINANCIAL LITERACY INCLUDES HAVING VISION! “The only thing worse than being blind is having sight and no vision”. ~Helen Keller This quote is phenomal. I heard it again the other week as my Pastor began his sermon and little did I know I would experience this quote to the fullest. As an entrepreneur, I work primarily with other entrepreneurs. To have the desire to start and operate your own business is not an easy task and…
FINANCIAL LITERACY – PART 2 Financial literacy is an intimidating topic. Just the term alone can make one feel inadequate or simply stated; stupid. When someone says that you lack financial literacy it is enough to make you either upset, angry, turned off and/or annoyed. These feelings occur mostly because the statement has some measure of truth to it. It’s not that we have heard about financial planning or that people do not desire to obtain more knowledge, however…
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