Does Your Business Need An Attitude Adjustment ?Written by Sue and Chuck DeFiore
First you need to: Change your attitude. I know you feel you have a good reason for feeling bad. However, instead of moaning and groaning about why me, ask yourself how you can turn situation around. It’s better than feeling sorry for yourself, and a lot more productive. You may not have all answers you need immediately. It is important, though, that you are asking questions. Eventually you will ask right questions, and move forward. Second, it is very important that you believe that you have power to change things. The one thing to take from past is experience of success. Like us, many people “have had it and lost it and have had it again”. As we discuss in our book, “Who Makes It Happen We Do”, we lost it for a while, but we got it back. As we state in our book and constantly to our students, “who makes it happen, you do!” You have to believe you can be successful, to be successful! If you haven’t had experience of creating a business success or earning a lot of money; then you need to get a mental picture of a time when you made a wise choice or acted in a certain way. For example, having suggestion you made at work implemented. Getting down to a weight goal you set for yourself. Winning a tournament or championship in a particular sport. Closing your eyes and getting a mental picture of yourself succeeding or a mental picture of yourself in a more positive time is a very popular technique. Third, you need to work harder and smarter. As we have stated before, you are not going to be a millionaire overnight, unless you win lottery; and we all know what your chances of that happening are. The surest way to make money is old fashioned way, working for it. When you’re starting a new business, expect to work harder for months, even several years. If you can, hire someone or buy a piece of equipment that saves you time. If all your time is spent producing product or if you are concentrating only on supply end, you miss big picture. You need to be able to see big picture, to set goals for future, and make decisions, in fact, some very important ones, to keep your business ahead of competition. In order to succeed, you need to be able to focus clearly. This means that you need to take time, away from work environment, so you can think, without all distractions and pressure. So your think time needs to be in a calm and serene environment. If that occurs while in your car, walking, exercising, spa, shower, whatever, go there. Fourth, you need to keep focusing on what you want. Unfortunately for too many individuals all focus is on negatives. They focus more on why they can’t do it, instead of positive, and because of this their business failures become a self fulfilling prophecy.
| | Business Financing - Where to get it and why you would want a SBA Loan and Seller Financing Written by Jim Brown
Permission is granted to electronically reprint following article in its entirety and without modification in your Opt-In Subscriber publication or your web site ONLY, as long as no changes are made to resource box included with article. Courtesy copy requested. Thank you.Jim Brown http://www.globalbx.com -------------------------------------------------------------- Business Financing - Where to get it and why you would want a SBA Loan and Seller Financing Business financing can come in form of conventional loans, SBA (Small Business Administration) loans, and seller financing. A combination of three forms may be used, but SBA loans are by far most popular. In fact, SBA loans are primary source of capital injected into small business community nationwide. Last year SBA assisted small businesses with over $10 Billion Dollars of loan guaranties. The Small Business Administration more commonly known as SBA is a Federal Agency established in 1953 to protect and assist America's greatest resource... small businesses. SBA's mission is to stimulate and foster economic development through small businesses, because helping small businesses get started and become successful is great for nation's economy. Briefly, SBA loan guarantee program works in following manner. The SBA will guarantee a portion of a business loan made by a lender enrolled in program. By issuing a partial Federal Guarantee to Bank, your loan, which might not be approved on conventional terms, can now be approved via a SBA guaranteed loan. SBA Loan benefits include longer terms and larger loan amounts than you might be able to obtain through a conventional loan. They also include competitive interest rates and no balloon payments or annual reviews. Furthermore, SBA loans are fully amortized and loan terms typically range from 7 to 25 years depending on purpose. To understand benefits of full amortization, consider a loan that is used to purchase commercial real estate. The conventional bank loan is normally amortized over 15 to 20 years and renewed every 3 or 5 years. So, when a small business owner faces 3 year review of that conventional loan: The bank may decide that its risk appetite no longer favors loans for those types of businesses and therefore requires full payment. The bank may review and reamortize loan over another 15 to 20 year period, which would mean more interest over term of loan. If small business is doing well, bank may renew loan as is, but often borrower has to pay thousands of dollars in costs associated with renewed loan application. All of that uncertainty and additional expense for refinancing or restructuring of loan is eliminated with SBA financing.
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