Putting Together a Business Plan to Secure Finance

To be able to thrive and grow your business you need cash. Often, at some point, you will need more money than you have available in your accounts. For example, you may want to extend your premises to take on new customers. But understandably you will not want to wait the decade it would take to make enough profits to be able to afford to do so. If you did that your business would grow very slowly indeed. That is why most firms borrow money at some stage. But, for your loan a...

The key to financial freedom is learning how to manage your money. So, when you know that you have debts that need to be paid but you also realize that building up a savings is vital, what do you do? Truthfully, there isn't going to be a default answer that is going to fit everyone's circumstances. On the other hand, there are general rules and tips that are pretty much universal. Read on to learn whether you should focus on paying your debts or saving more. Consider How Much Debt You Ha...

Depending on the current state of your business and your objectives, getting financing can be a great option. If you pitch the idea to people around you, some may caution you against this. But the truth is that most great businesses had to leverage debt at some point in order to grow. However, there are many cases when debt can become a liability. This is why it’s important to reconsider your motives when thinking of getting a loan. Here are some examples of good reasons to get a loan f...

Every month I post my updated net worth for those that are interested in following my progress. I have been tracking my net worth online since January 2006. I enjoy compiling the numbers each month, and doing so keeps me motivated, focused, and accountable. Remember when I was a millionaire for two months? That was fun.

Business is a non-stop rollercoaster ride of ups and downs and whale-sized problems that feel like searching the ocean one cup of water at a time for answers. That’s why so many of us in business work towards the end of the year with the promise to look at revitalizing our portfolios in the new year. Sound familiar? Well, surprise. January came and went without so much as a nod of recognition toward your plans - and because somebody somewhere forgot to give February a regular amount of days...

Since the start of the year, the news has kicked into high gear, with warnings of global setbacks abroad and domestically. Tragically, Australia has already lost 10 million hectares of land to the bushfire crisis. The relationship between the U.S. and Iran has heated up, cooled down, and then heated back up again, provoking acts of aggression from both sides. The United States and China have engaged in a trade war, and the still widely misunderstood Chinese Wuhan Coronavirus outbreak has co...

The most common listing on Airbnb is a homeowner who has an extra room in the house or a vacation home that they do not always frequent. For them, the motivation was to make use of the space and also earn a passive income on the side. Now, if you are one among the lucky homeowners who happen to live in an area frequented by tourists, why should you settle for a little income? You could potentially quit your job and make this your primary source of revenue. It is time you t...

Many business owners do not give a huge amount of consideration to the signage they use. It is one of those relatively minor things that just gets forgotten. Yet, as you will see it is actually quite important. The style and type of signs you choose to buy from mydoorsign or other signage retailers’ websites can have quite an impact. Even, in some cases, on your bottom line. The role signage plays in your branding Your business signage is part of your brand. Everything you pu...

I began 2006 with a net worth of $23,797, and a goal of reaching one million dollars. Title gave it away, but there you have it, I'm ending 2019 with a net worth of over one million dollars! Goal accomplished. Cheers. The numbers... Of course, getting to one million dollars is not the end of the journey. Financial independence is the ultimate goal and we still have work to do to get there. The reason for the drop in savings and trading account and conversely the increase ...

Putting Together a Business Plan to Secure Finance

Saving Money Versus Paying Down Debts – Which is More Important?

4 Good Reasons for Getting a Loan for Your Small Business

February 2020 Net Worth

Simple Ways to Expand Your Business Portfolio

U.S. Money Reserve: What Makes Gold Your Strategic Asset in 2020?

January 2020 Net Worth

Get Serious About Your Business and Take an Airbnb Course

Why Business Signage Matters

December 2019 Net Worth – $1,004,490