Category : Finances

Finances Goal Setting Motivation

The Bottom Line is Not Just a Catch Phrase: Risk and Commitment in Business

The Bottom Line

Learning What Matters In Business

The ‘Bottom Line’ is Not Just a Catch Phrase Staying Afloat: Risk and Commitment in Business

“Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art.” – Andy Warhol

You’ve committed your life savings and some of the family’s money to help your business get up and running. You are now hanging on by a shoestring. Or you have gone through an upside, and are now on a financial downside and teetering on the edge of failure financially. Risk is high, and the bottom line is staring at you. But you just know that your business idea is a good one and you should be doing better.

The question is “What are you going to do now?”

Commitment

If you are 100% committed to your business, if you believe in it passionately, I ask you, “Would someone else not be interested in funding your business? Would you not be able to convince them to invest? What would that take?”
Let’s examine the situation.

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Finances

Business and Financial Survival in Economic Hard Times

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What is your financial aim? How big are you going to grow? By when? What kind of profit margin are you aiming for? Do you have your finger on your expense revenue ratio?

Highly important questions in good times; in hard times, these particular questions are even more important.

Cash…is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent.
– Warren Buffet

If you believe that you should be making more money than you are, are wondering where the last five years went and how you ended up with the bank account you have at the moment, you need to read this article. Your financial status, your growth plans, your profit margin and your expense/revenue ration are all aspects of running any business and on which you need to have a close watch and the big picture in order to survive Economic hard times.

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Finances

Managing the Finances of Small Business

Managing the Finances of Small Business

 

“Success is neither magical nor mysterious. Success is the natural consequence of consistently applying the basic fundamentals.”

                                                                                                                                                                                                                               Jim Rohn

Learning What Matters In Business

The basic fundamentals Jim Rohn speaks of in this quote has to do with the basics of business:

Clear Vision
Clear Mission or Purpose
A Strategy
and
A Budget

The Clear Vision is about having true clarity about what your business is going to look like – next month, next year, in five, ten or more years. You need to be able to talk about this vision in a way that makes sense to others, and inspires those around you.

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