Start and Run Your Own Business
Posted in Starting Out on Sep 28th, 2008
Up to this point we have looked at various ways into business or self employment. Before going into more detail about the best kinds of income/wealth generating activity, I want to cover some basic principles of business success.
Business is simple, you only need three things…..
1. First & foremost, you need a whole bunch of people [...]
Posted in Starting Out on Sep 28th, 2008
We’ve covered quite a lot of ground in the last five weeks, so I thought it would be a good idea to review the plan so far! It is very easy to get carried away with the latest information or ideas and forget to carry on with previous learning.
By now you should have a clear [...]
Posted in Starting Out on Sep 19th, 2008
So far I have introduced you to some of the freedom principles that I live by. Together we have looked at examining your lifestyle requirements and those of your family. I have given you a method to get out of debt that I know works, because I have personally used it! I have also shown [...]
Posted in Finance on Sep 19th, 2008
Time for a little simple finance. One of the biggest stumbling blocks for new business owners is understanding business finance. This is probably responsible for more business failures than any other single factor. Here are some fundamentals that you need to understand:
Sales are not income unless you sell for immediate cash. If you sell on [...]
Posted in Starting Out on Sep 11th, 2008
During the last few weeks I’ve indicated some of the benefits & pitfalls of going solo. I’ve also detailed the key differences between self-employment and running your own business. You have also seen a variety of ways to do both.
This week I want to give you the benefit of my experience working in a number [...]
Posted in Starting Out on Sep 11th, 2008
I’m wrote this article on a flight to Alicante in Spain. I had just just left England in the rain & was looking forward to spending some time in the sun. Meanwhile, my business could pretty much run itself while I was away.
Why am I telling you this? Well, to show you what is possible once you achieve the freedom [...]
Posted in Starting Out on Sep 6th, 2008
In the last few weeks I have looked at a number of options for both self employment and setting up a business. But before we go any further, let’s get a clear idea of just what kinds of business are there out there! So this week we’ll briefly examine the following types of business:
Manufacturing Wholesale [...]
Posted in Starting Out on Sep 6th, 2008
Last week I left you working on eliminating debts……
First noting all your debts and listing them in order of highest interest rate.
Then targeting the largest payment to the debt at the top of the list, Including an additional 10% of budget.
Finally, as each debt is paid off, applying the amount allocated for previous debts to [...]