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Everybody wants to make money at all cost!

Just don't make a mistake of earning by making someone sad. It doesn't pay.

The latest IdeaFlavour release today was about the top 6 money rules I learnt from wealthy entrepreneurs... We go broke because we don't understand some money spending rules

Hmmm

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did you check IdeaFlavour blog today?


My siggy....

Everybody dreams to be free financially! But everyone doesn’t give what it takes to be. In fact, majority won’t be free financially. But it becomes easier to create more wealth, if anyone can key into the concept of financial planning principle.

You and I planned to invest in ourselves through taking risks. But in terms of financial management for your business, have you felt the wonders attached to financial planning?

Amazingly, due to my experiences so far, financial planning determines how my business will afford/cost to meet its strategic goals and aims.
If you don’t really consider financial planning, it doesn’t mean you’ll break down. But stuffs are faster and better done with adequate planning in business, especially in the area of finance.

Before anyone starts a business, or even if you’ve started, I’ll advise you draft out a financial planning.


Table of Content

What is Financial Planning (and how to do Financial Planning) in short before we go into the facts?
Your Personal Finance Management Upgrades
You’ll get a Continuous Cashflow
Ready Capitals and Unlimited Funds for a New StartUp
Insurance Courage
You’d Rightly Choose Your Appropriate Business Idea
Financial Planning is a Great Guide to Your Financial Advisor
Conclusion



What is Financial Planning (and how to do Financial Planning) in short before we go into the facts?

Financial Plan (planning) highlights each of the activities, resources, equipment and materials which are needed to meet your goals and objectives. In fact the timeframes are also involved. You’d lose a lot of money unknowingly (or even knowingly) without planning financially.

To do that, You’d first assess the idea of your business;
confirm the SWOT analysis; identify and research well the historical resources information of the business till date; quantify these resources; calculate the total sum it’ll cost you; summarize and identify the risks you selectively take.

Today in IdeaFlavour, these below powerful reasons will inform on why you should take the vitality of financial planning on your business and personal lives to be very important. I’ve been so blessed, following this planning. If you know me, you’ll testify.



Your Personal Finance Management Upgrades

You’ll effectively manage your financial life through financial planning. Drawing out and calculating the profit or the capital you get helps you understand how much money you’ll need for dues you’ll settle, expenditures you’ll spend, and the amount you’ll save.
Last week, I met a beautiful woman, a PhD holder in Business Administration. In her words, I pointed out a clause – “or don’t you know us entrepreneurs are stingy?“

Funnily enough, I’ve experienced folks out there. They’d tell you entrepreneurs are stingy. They don’t spend on themselves. Another hilarious thing is these folks would always plan spending on liabilities, which is why most of’em are broke whenever you check their financial lives.

I’m not against anybody working for money this time around. Of course, getting a job is great; in fact, it makes you earn more with your business. But what I grieve against is wasting the money hard earned!
Or what else is there to impress people after food, needed clothing, housing, happiness and good health? Oh! Few liabilities � from your passive cashflow…

When us entrepreneurs go broke, we don’t lose to the air! We’ve leveraged into investments which we can sell or recycle to fetch us back our grands.
It’d be very difficult for you to arrange your financial management priorities right if you don’t do financial planning.




You’ll get a Continuous Cashflow

You’d increase your cashflows by investigating your expenses. Wise spending and synthetic budgeting will help you keep more of your hard earned money.
For instance, in a situation where you are confused on what action to take to diversify your funds, you’d just carry your plotted plan. In fact, it poses you to remember your purpose of planning to start up.


Ready Capitals and Unlimited Funds for a New StartUp
The increase in cash flow will lead to an increase in capitals you’ve been dreaming of to diversify with. This will allow you to consider starting another investments that will promote your overall financial status.
For instance, you are passionate about other business you think you can add up even with your current investment. Financial Planning helps you sort out capitals easily whenever you think about diversifying.



Insurance Courage

Providing for yourself financial security is an important part of the financial planning purpose. While you have the correct insurance coverage and policies in place, you can provide yourself peace of mind.





You’d Rightly Choose Your Appropriate Business Idea


Well, a financial plan highlights your personal circumstances, goals and risk factors. These seems of a guide that fits your needs, personality, and goals. You wouldn’t dabble into the major errors most entrepreneurs face.
This is the problem of choosing a wrong business idea.





Financial Planning is a Great Guide to Your Financial Advisor

When you establish a relationship with a financial advisor you believe you can trust, it is is still more soft to achieving your goals. This financial advisor will meet with you to assess your latest financial situation and create an understandable plan customized for you.

A financial advisor is the person who can provide you financial advice or guidance to customers for compensation. Financial advisors, or advisers, can provide many different services, such as investment management, income tax preparation and estate planning.
You open a more clearer door of opportunities with your advisor if you draft up a financial plan.


Conclusion

It’s important to note that it’s not until you start the use of financial planning until you become successful. But you only increase your chance of winning the competition. Because investment models and algorithms become changed day-by-day.

Kindly comment about this financial planning if you also use it and how it has helped you.

Source is www.ideaflavour.com/financial-planning-management/

Hmmm

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Have you been to IdeaFlavour today?

He thinks making people cry will help make him smile..

Dannybrain

Whats the name of your website

Blessed be the name of the Lord

dancok:
Just get the one with cheap maintenance, like my Golf 4.

That's cool

dramaine:
Nice write up . I really enjoyed reading this

You're welcome! Do you also have a car? Or planning to get one?

What brand is your favorite?

MuttleyLaff:
Can I ask you a question? Does Satan makes visitations upon believers or not?

Satan visited Jesus to tempt him. Satan was as fallen angel.


Demons are his tools. Demons run aways from the anointed.

Hm

Hmmm

Buying your own ride is damn amazing. Riding your own Benz seems a kind of no-waking up day dreaming I would advice you wake up from now

But, an important thing you have to consider is car financial management, – the financial facts about cars you own or plan to own. These pros and cons are compiled, so that your finance would smile at you, to enhance your business and not end up compiling unnecessary liabilities.

But let’s see things from this angle. Riding your first car (or upgrading) can be very unfortunate and disheartening. Every light has stories of darkness – those guys riding cars wouldn’t tell you the loss they might be facing.

What if you and I re-awaken a consciousness of seeing through both sides of the coin, prioritize, and hit the standard point of choice making. Buying a car is really amazing. In fact, it’s a sign of wealth and convenience, so that as much as it’s important you go through this, you’ll not be discouraged about cars.

So, from experience, I have compiled a couple of advantages, and disadvantages of owning your own car. You don’t want to miss this as maintaining a car is one of the most important spending an entrepreneur should care about if you are actually serious about your finance.

IdeaFlavour is here again.


1 Pros
2 Prestige
2.1 Convenience
2.2 Mobility
2.3 Proof
2.4 Work
3 Cons
3.1 Liability
3.2 Risk
3.3 Maintenance
3.4 Conclusion

Pros

Prestige

Imagine that bliss. Having your independent ride and parking, no one dares to invade your cool movements. You majestically ride to meet a fellow CEO who wouldn’t have trusted you to such massive level if you took a taxi or bike.

Prestige in fact builds trust in gaining contracts and authority from customers. Recently, a female friend of mine, who is chef in my area was insulted by her client for not delivering on time. But the client hasn’t yet known she’s a car.

When the client peeped outside with her and saw her opening the 2012 Toyota Rav 4, she involuntarily pleaded. That’s not where I am going. There’s that prestige that classes you when you own and maintain your own private car. Than not owning any.


Convenience

You viewer can testify to how stressful it is for boarding a bus, apart from the highly dangerous risk of boarding a bike with no helmet.
You are free to twitch the weather in your car into any temperature of your choice, feel like a bar, and even carry out office works conveniently without any threat or stress.
Apart from the fee you pay the taxi driver, you may never be satisfied to how he’ll mandate you to agree to his personal term and condition of maintaining his own taxi.
Getting your own car clears up the stress,as things become more convenient.

Mobility

Pros and cons of getting a car(car financial management)

You become more movable and engaging. Holidays, tours, bars, country homes, and other beautiful dream areas in your country will seem possible and approachable if you are motivated to do so. And you’re motivated if you have your own car.


You become more mobile and faster in accessing a particular event. You ain’t as that mobile without a car.


Proof

Owning a car, as to a lot of people is an evidence that your business is growing, and will definitely be a social evidence to trust your growing authority.
Folks move by what that see and not hear no more these days. Getting your own car boosts your credibility and material success on the long run.

Work

You can easily turn your car into an office. Most essentially, there are entrepreneurs who use majority of their time surfing in their cars.
The car is a mini room for you at anywhere to work, especially if you are an online savvy or marketer.

Cons

Liability

A car which is not meant to be a taxi, or a goods/services delivery vehicle will of course never make more money for you. I’m not saying you shouldn’t buy a car. All I’m saying, is that you should re-think if you’ll cope with increasing your liabilities number, if you hope for wealth. A car’s height of being a liability is worse than that of a house.

For our information, a car loses its value immediately it leaves the company to a car dealer, and devalues the more and more. A car is not an asset, but you can still sell it at least close to half of its price after 3 years of strict maintenance. A car loses its value, 20%-25%, every year, subsequently.

Sincerely, if you won’t gain from your car, and you need or want a car, make sure you buy it from the current cash flows. Which have the assurance of bringing more money even after settling the money for buying (or upgrading) a car.


Risk

It’s risky to have a car. Apart from the fear of being stolen, especially where the security ain’t too serious. Or a case study of who is ignorant of the recent Car Security Privacy.
If you are not the careful type, getting a car might heighten your exposure to unsolicited friends who may gang up, and stress you out especially if you’re still in school.


Maintenance

When you get a car, you will fuel the car regularly and refurbish it regularly with thousands of Naira. You’ll spend a lot especially if you stay in an area where car parts cost is very high.
If you ain’t conscious of the major car parts, oil, battery, fuel and major parts that enable function, you’d almost spend a whole fortune you could use in investing and generate more cash flow.


Conclusion

Getting a car is cool if you can leverage appropriately your priorities because now might not be the best time to get a car. Otherwise, now could be your best time.


These would help you decipher if now is cool or you got to wait a couple of years the more. Your financial management is very important to IdeaFlavour.
Share and comment on your view please!

Source is from IdeaFlavour :

https://www.ideaflavour.com/pros-and-cons-of-buying-a-car-and-financial-management/

Money is actually easy to make if we can beware of those risks

youngjoe10:
Why am I not seeing comments? I guess it's because there are no boobs and ass.

Dear viewer! Have you visited IdeaFlavour blog today?

What if I say, you’re probably experiencing some signs that will cost you a fortune if you don’t take actions? If at all your business will fail, it won’t just blink eyes off like that – like a bullet shot but rather with some prevailing signs.

Your business thrives by difficulties. In fact, before a business becomes successful, there would be several downfalls and regrets. Those are correctable and imminent facts.
But these signs I’m talking of are not as those imminent facts.

You cannot harness the growth of your business if you take these signs I’m talking about lightly.
Are you a blogger, a content marketer, or just an offline entrepreneur? Take prompt action when you face these signs and act.

Your business is at risk and if you don’t direct rapt attention to these signs, you increase the risk.
According to entrepreneurial experts, before a business booms, there are specific experiences that must be dealt with. One of them is several shortcomings and difficulties you now face, especially when you are just starting up. But this risks becomes lower when you work on these signs.

In our previous release, you knew how 80% businesses crash and how to guide against them. Well, you could always go back to them anytime, with keeping in mind why you mustn’t take lightly these signs.

Table of Content

1 Loss of Key Customers
2 Long-term Cash Deficit
3 Customer’s Unsatisfactory Complaints
4 Silence
4.1 Conclusion



Loss of Key Customers

If you discover some customers disappointing your regular expectations on them, check your business culture. What makes a customer to exit might lead to disaster for the whole business of a thing if you don’t check your culture.

You know them. Maybe some of online friends, who met you, became close and patronized what you offer but now backs off gradually.
You might even detect them peeping into your competitor’s offer. Even if not, you hear more silence compared to how they used to behave.

Remember millions of potential customers are there who are hungry for whatever you have to offer. A proof of that are these customers you’d get at the start of your business. Unfortunately, when these your loyal customers drastically reduce, it’s a danger to sit down.

See! A reason for the danger behind the loss of key customers is there is no success in any business without networking, and these loyal customers are your networkers who can best be the tree of useful branches to your business.
And there will be disaster if what works for you ends up working against you.

Normally, you have a business culture you follow in your investment. This is the model of life you use in dealing with your blog readers, fans, customers. For instance, it could be a way you talk, or write than could be arrogant or tending to prove your worth all times.
Fans patronizing whatever you offer are daily selfish hoping who can serve them. But you who tend to show through your culture what they hate or ain’t concerned with, shrinks your business effectiveness online or offline.

Well, this leads to a decline in sales and active engagement with whatever you offer.
If you ever noticed this, it simple to adjust. You only have to go back to that culture which drove them to your business at first. Don’t shift the blame on anyone, employee or anything. Accept and sort for remedies ASAP. Only by that may you be lucky to attract back your key customers, fans or readers.


Long-term Cash Deficit

Deficit means poor in the amount cash-flow and revenue.


See. No matter how hard the start would be. Be sure to prepare your self for return on investment.
It’s very likely that you started a wrong business – a business you just started without a proper scrutiny of whether the business fits for you or not. This mostly causes a long term dedication on what won’t pay you in the end.
It's very likely that you started a wrong business - a business you just started without a proper scrutiny of whether the business fits for you or not. This mostly causes a long term dedication on what won't pay you in the end.



For instance, I may decide to start an Agriculture business next month with a loan. While deep inside of me, I won’t lie to you, I hate anything farming. See! My qualified attention and concentration to this Agricultural business won’t be efficient and that sporadically increases the chance of more spending and long-term deficit.

Let me tell you. That should not be an excuse to follow the Consistency policy. It just won’t work. In fact, it will lead to a waste of efforts. Focus is not effective if you weren’t passionate about your business and you will experience a long-term deficit consequentially.

The remedy to this issue is when you sit, strategize on what you love doing in the weekend as fun. Run away from this long-term cash deficit business and refocus your exit strategy to the appropriate business.




Customer’s Unsatisfactory Complaints

Remember how these customers – how they’d attack you in a way that sucks the ego. Well it’s not to harm you precisely as you may know. It’s just to harness out their unsatisfactoriness from what you offer them.

Your business will crash if you don’t take action about this possible sign. Your investment or even might generate some comments you may not consider. In fact, for your business to generate some non-spammy comments, it’s a sign of growth. If you don’t attend to these comments, even no matter how they’re harsh, it is dangerous.

It’s not too essential you approach the demand of a remark or blame on any of your offer. Rather seek how to disallow such remarks. They grow and build a set of aggressive haters. What becomes popular might affect a business positively and negatively.



Silence

This is in fact the most dangerous.
Why? These people wouldn’t help our career by even insulting (would be better than nothing). That might be a pointer that we ain’t on track.

If no one is talking about who you are and what you offer (sounds familiar?) or if they talk about it before but it’s currently a thing of the old days, it’s a sign you take a serious action in promoting the more.

If you promoted well and you still experience the silence for a long-term, consult an expert in your field, demand what works, if possible, tip them some cash, just to have the rich idea on what’s on trend.


Stop your silent experience because you can determine a greater advantage if you maintain a serious relationship with your customers.
Silence might silent your business.


Conclusion

Prepare to bear the sweet pain of investing. What would only make it sweet is if you act upon this signs. No entrepreneur is a genius. Everyone only tries passionate buttons and that click.

A great way to entrepreneurial success is to calculate and quickly take advantage of the market, before the crowd ventures in. But what would reduce the risk even if the crowd 9 just might has taken over is for you to win over these signs.

https://www.ideaflavour.com/signs-business-crash/


IdeaFlavour is here again