The Desire For Money, Do You Have Business Sense?Written by Joseph T Farkasdi
For those of us who grew up with parents who worked for businesses rather than owned them, world of business can be quite a mystery. Even more so if we've dared to try to start one of our own. There is factor of what type of business to start - a product or service business. There are issues of doing a good market analysis, licensing business, understanding codes of law governing businesses, and determining just what type of business structure to choose - especially if business will have employees. For example, should we start a sole proprietorship or a corporate business? It's a lot to work on, and it's not an overnight process to road of success. But, most crucial challenge to whether a business succeeds or fails lies deep within realm of emotional versus financial intelligence. Many start-up businesses fail within first year of existence. This is especially so with businesses started from home, or exist without traditional bricks and mortar structure we are so accustomed to. And, far too often reason many start-up businesses fail has to do with emotional challenge new business owner faces. The challenge of seeing him or her self now as a business owner, rather than a paid worker for someone else's business. It means dressing differently, thinking differently, and talking differently. It means believing that you are already successfully established even if you have a long ways to go on business's balance sheet. To put simply, if business owner doesn't have a firm belief and commitment in business and his or her role as owner, then others simply won't be convinced that this business is place to get what they need. Then, there is crucial issue of having financial intelligence to keep business going in direction new owner desires. To put it simply, if new business is only taking money to operate and not making money, it won't be long before doors of opportunity become closed. No matter how much motivational self-talk and emotional pump-me-up new business owner does, it is results shown on bottom line that determines future of new business. And, if bottom line is steady generating a negative, business will eventually lose. Far too many new business owner simply don't understand this simple fact and it's incredible impact upon future of his or her business. And, far too many system based business endeavors, such as network marketing, fail to properly focus majority of their teaching on this. To keep vision, motivation, commitment and, ultimately, business alive, a start-up business owner must simply know ins and outs of basic business accounting. The more he or she comprehends principles of good financial management, greater chance of achieving desired goals for business. It is, ultimately, financial bottom line determines whether a business owner maintains belief and dreams associated to his or her business. The financial bottom line determines just how much commitment to marketing and advertising principal staff of business will willing give. It's very encourage able to develop a love for numbers, especially when working with basic additions, subtractions, multiplications, and divisions of financial budget. Here's a recommended source to spur this number love: http://www.jtsef.com/financial.htm .
| | Your Organizing DNAWritten by Cynthia Kyriazis
Your Organizing DNADo you like storing your papers on top of your desk in trays, baskets or just plain piles? Do you have a preference for Post-it notes and maybe some colorful file folders? Or are clearly labeled files and file cabinets more your style? Do you 'file' or 'pile'? I make it a practice of testing my workshop participants for this very thing because of its importance in creating and supporting an effective, organized workspace. The brain's dominance factor Research conducted in late 1980’s proved that human beings exhibit brain hemisphere dominance in early childhood. Brain hemispheres have distinct functions that work together so that we actually use both sides of our brain in everything we do. Your brain's dominance directly impacts how you respond to new experiences. The more aware you are of your own learning style, better positioned you are to use what you learn. Your natural style is key Left-brain dominance indicates someone who tends to be analytical, methodical and a linear thinker. This scenario may imply that left-brainers are more organized, but this is perception more than reality. Language resides in left side of brain so these individuals look for a word on a label affixed to a file folder frequently found stored vertically on top of their desk or in their file cabinet.
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