You have come to a point where you need to take a decision.

You have to sit down and reflect on a number of issues.

(1) You cannot derive lasting fulfillment by working for money instead of discovering why you are here on planet earth and putting every energy in you to achieving that purpose.

(2)Your decision is to take inventory of your talents and taking steps to developing them fully to glory of God.

(3)Don't slave for money any longer.

The Commandment-----12 Steps To Financial Freedom.

(1)Thou shall by all means know state of your financial health.

(2)Thou shall create a column for God by paying 10% of all your income as tithe so that He can sanctify remaining 90%. And if you don't believe God exists, which is not sensible, thou should donate 10% to charity.

(3)Thou shall take out next 10% and put it in any investment vehicle that pays return higher than inflation rate. It's wise to add unexpected money as well as any raise from promotion to your savings

(4)Thou shall take full control of way you spend on any transaction and every penny spent on any transaction and every penny that flows into your pocket. There is no wisdom on buying on impulse.

(5)Thou shall prepare a financial freedom plan stating when you want to retire and what level of investment you must have at retirement that can generate enough returns to full care of your retirement expenses. You must set specific goals.

(6)Thou shall look for a mentor on whose feet you must sit to learn about financial investment and management plans.

In this article, we review a popular tool for evaluating competitive advantage, called SWOT analysis. SWOT analysis should be done on every company we’re thinking of making an investment in.

SWOT stands for:

Strengths Weaknesses Opportunities Threats

Analyzing these four factors will help you make better investment decisions. It’s a brainstorming exercise, so take your time. A good SWOT analysis takes effort, but more you put into SWOT analysis better you will understand company. Let’s look at each factor in turn.

Strengths

First, we look at company’s strengths. What does company do well? What makes it better than others? What does company have, or do, that sets it apart from its competition?

These are important questions, and should include aspects of company that made you consider it for investment in first place. Look at branding, image, pricing power, size, market share, financial position (balance sheet strength), etc.

Here are some strengths to look for: •The size of company relative to others in industry •Balance Sheet strength •Cash flows •Perception of company’s products •Perception of company’s brand(s) •What advantages company has over its competitors •In general, what does company do well?

Weaknesses

Now that you’ve determined how wonderful company is, it’s time to look for weaknesses. The same questions should be asked when looking for weaknesses. What does company do poorly, or not so well? What are other companies doing better? What is keeping company from greater success.

It’s important that you don’t gloss over this section. SWOT analysis is a brainstorming effort, so don’t discount anything that comes to mind. If you perceive a weakness, list it. The weakness you fail to list today could be why your investment turns out poorly next year.