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PLANNING GROWS YOUR FINANCIAL FUTURE

I love creating plans that I can implement now, that will grow in time to help build my future. It’s exciting and something to look forward to. As a small business owner, creating a vision of your financial future will give you motivation to draw in new business and increase your profits. To demonstrate this, we have two examples. Philip*; owns a small, but profitable engineering business, however he doesn’t have a financial plan. While he earns a fair amount of profit each month, the money seems to slip through his fingers and by the end of the financial year, he...

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DOING THIS ONE SIMPLE THING COULD CHANGE YOUR LIFE

With most of us leading busy lives, it is easy to fall in to the trap of following our day to day routines, without much thought of our plans for the future. But doing this one simple thing could make a huge difference to your life. And that’s to take a timeout and really think about your future. What we see all too often, are people coming to see us when it’s too late. This is particularly the case when it comes to insurance. Most people are under the false belief that they are covered through their super, or that their health insurance will...

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BUSINESS PLANNING FOR THE END RESULT

Richard Branson’s latest, shares a major lesson in business entrepreneurship. Do you want to know what it is? ‘To have a business plan from the beginning.’ It sounds simple and that’s because it is. In the latest episode of America’s Next Top Model, when a contestant is required to present a business idea, Tyra Banks (the host and very successful model) feedback to her is to focus on ‘what you want your end result to be.’ It may not be something/someone you have interest in, however it is great advice from very successful people on business planning. You might think you will wait until the...

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