Posts for the ‘Small Business Money Management Advice’ Category
Banking Institutions More Dangerous Than Armies
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
— Thomas Jefferson, 3rd president of US (1743 – 1826)
Things that make you go, mmmmmm…..
6 Comments »Airing Sunday on MSNBC
I’ll be on MSNBC’s Your Business this Sunday at 7:30am ET. Yes, DVR would be a good option. Jean Chatzky did a great job filling in as host for the consumate JJ Ramberg. But, to be perfectly honest, I wasn’t crazy about the other guest. I didn’t find him particularly gracious as will be evident when you watch the episode.
5 Comments »Make Money on Your Money
Contributed by LeAnne Ozaine-Smith – The Money Guru and my parter at ProsperityForBigThinkers.com.
If you sat with your Investment Advisor and said, “I want an investment that gives me a 10% growth every year for the next 15 years,” they’re gonna tell you to adjust your expectations.
As an financial advisor, I’m all for the “where do I put my money” conversation. But here’s the deal, you can chase the perfect investment and still lose (vague memories of real estate bottom out, stock market in 2008, etc.). There are rarely guarantees in investing and there is always risk of loss. If you’re looking for an unlimited growth opportunity, and you’re looking for an undervalued investment that can grow like a dandelion in June then here it is: it’s your business. Your business is the best, most undervalued investment you can find—which means that you can be looking for double digit ROI.
Want 10% ROI this year, next year, and every year? It starts with you understanding how to make money on your money.
- Look for ways to reduce spending in your business by 5%. That means if you have a $50,000/year overhead, all you have to do is spend $200 less per month If you have a $12,000/year overhead that’s just $50 less per month… you can do it! By spending less, you’re keeping more of what you’re making. Which means your bottom line grows by 5% with a painless tweak.
- Get Booked Solid and make a minimum of 5% more. If your total business income was $100,000 last year take on one more client or do one more project to bring in just $400 more a month. Or if your total business income was $25k, a little bump in income of $104/mo will grow your bottom line by 5%.
Remember, always be more concerned about the result you’re getting from what you spend to be in business, than you are your overhead. If you’re careful and purposeful with your business income, seeing 10% ROI is both realistic and attainable.
For more on how to earn more and spend less, check out ProsperityForBigThinkers.com and download, the Special Report: 5 Down and Dirty Ways To Overcome The Break-Even Trap.
4 Comments »Booked Solid University Free Iphone App – It’s Ready!
It’s official. The FREE Booked Solid U Small Business Success app for the iPhone and iPod is available.
You’ll get daily tips, advice, support and inspiration sent directly to your phone. You’ll never have to come back to this site again.
How do you like them apples?
Just go to the apps store at iTunes and search for the “Booked Solid U” app. Click the FREE download button and, before you know it, you’ll be smarter than you’ve ever been.
8 Comments »Free Small Business Networking & Referral Group
Sometimes I love working alone and others times I hate it. It can be lonely and isolating. I much prefer collaborating and connecting with others. Sure, we have all the social media outlets but they can be overwhelming, unfocused, and filled with irrelevant ideas and information.
So, last year, I created the Booked Solid Referral Network. It was a free online community for business owners who wanted to connect with each other in very purposeful and profitable ways. Specifically around networking and referrals . Because, if you network with the right people, you’ll get more referrals. It worked. In just a few short months over 3500 business owners joined . We were building something special.
But I closed it down. Don’t worry, it’s back up now. I closed it because the massive software platform we were using sucked, plain and simple. It was too big and offered too much. I since learned that sometimes, less is more.
So, today, we re-open the doors to the Booked Solid Referral Network. It’s streamlined and simplified. It’ll take us a few months to grow the community but I wanted to personally invite you to be a charter member and build the community in your image.
Sign up takes 2 minutes and it’s free. No strings attached. Go for it!
6 Comments »
