The Correct View When Building Wealth With A Business

High inflation,

Even high inflation, is not necessarily detrimental to a business. High inflation simply means there’s an increase in the price of goods and services, and that’s precisely what a business sells. Although business expenses rise due to inflation, the income should also increase in line with inflation.

If the inflation rate is 10% per annum, then business profits should automatically increase by 10% p.a. This increase is irrespective of any growth experienced by the business from a greater demand for its goods and services. Hence, it’s clear that a business can be used to protect yourself against inflation. For example, compare a bank investment with an investment in a good business.

The income (interest) on the bank investment will more or less stay the same from year to year. However, the purchasing power of the capital, which is invested, will decrease every year due to inflation. However, an investment in a business is different. The profit in a well-managed business will increase annually and keep up with inflation. The value of the business will also grow automatically, since the value of a business is based on its profits

What is the effect of inflation in your business

The conclusion is that inflation is not the enemy of an investment in a business, but rather a strong motivation to make this investment. A business hedges the income, and the capital value of the investment made in it, against the destructive effect of inflation.

The next aspect that a business should be measured against is the consequences of a recession. If economic growth is negative, but inflation exists (as was the case in 2009), then a business could still experience growth. So, even if there’s no economic growth, a good business can still grow in line with inflation.

The secret of well – managed business

Well-managed businesses could experience growth even though the average economic growth rate is negative. No matter how bad things are, there’ll always be certain businesses that grow rapidly due to an increased demand for their products and services. Remember, that the global population, and the middle class in particular, is increasing and these people must satisfy their needs.

For this reason, businesses that sell food, for instance, should experience positive growth, even in a recession. The same applies to other goods and services that are always in demand.

The conclusion is that your own business can still record real growth despite recessions and high inflation. It should now be clear from the discussion above that a business, chosen according to sound business principles, can be instrumental in building wealth.

People who fear short-term fluctuations in their investments will get poorer over the long-term. Inflation will destroy their investments! However, if you take a long-term view with your investments in listed shares and your own business, then you could build wealth in any kind of economy. All of these investments could benefit from inflation, survive recessions and convert poor returns into exceptional growth.

Has Your Business Outgrown You?

Have you gotten away from the things that made you start your own business to begin with?

Every business goes through cycles and the cycles for a business in which a founder is also the CEO are specific ones. The founder of a business often has a specific skill set that propels him to start his own business. This can be an idea, an invention or a particular passion. As the business grows, quite often the founder / owner assumes the CEO role. This role however might be outside of the original skill set of the founder or even outside his interests. So how do you deal with that?

Last week I spoke with a friend of mine that is CEO of a business in which the owner is also active but not as CEO. The owner is the founder of the business and the driver behind some of the technical developments in their products which help grow the business. He is also the biggest hindrance to the growth of the company. Rather than just working on his passion for developing products, he also constantly interferes with decisions the CEO makes. This is highly disruptive in the organization and extremely demotivating to the CEO. The whole organization knows that if you want something and the CEO is against it, you can always check with the owner to see if you can get it from him anyway. The owner often changes decisions and directions without informing the CEO. Needless to say, the CEO is looking for other employment. When this CEO leaves, the owner will have to either hire another one or assume the role himself. God help that company.

So how can a private company be run with the owner not acting as the CEO? What structure or agreement will allow the company to prosper? The cornerstones are trust and acceptance. The owner needs to trust the CEO, accept his own limitations and accept that he is not the business. Trust that the CEO will run the business properly and has a better point of view. Accepting ones limitations is scary and liberating all at once but absolutely necessary. The owner has to see that he is great at certain things that are his passion and of vital importance to the business but acting as CEO is not one of them. Total acceptance of this is key. Only then can the CEO do his job properly without constant interference and second guessing by the owner. Only then can the business truly prosper and grow. The owner also need to understand that he is not the business and stop identifying with the business as if it was an extension of himself.

Do you own your own business? Are you the CEO? Are you enjoying it or are you wanting to get back to what you are passionate about to begin with? Let go of the reigns, completely. Hire a good CEO that is passionate about running and growing your business and will let you do what you are passionate about. This will make an unstoppable team. This is the formula for success and isn’t that what you want for your company? You’ll be amazed at what can be achieved.

With your success in mind,

The Success Gap Between Business Opportunities and Learning and Training

If you are tired of all the bad news about the economy and want to generate cash from home then take a look at this… Why? It works. I have worked as an educational coach helping youth graduate high school and go to college and the number ONE problem they have is NO MONEY..and it is the same for their parents. Everyone is looking for a job which is not a problem as I have one but hardly anyone knows about this or they are not willing to use the information I am providing you.

I don’t have time for hype or hoopla. Too many people are hurting out here financially. I train individuals how to earn money online legitimately and honestly. I can not take the chance of someone in the educational community finding my information and it not be legit. That is like hurting my career..and that is something I am not willing to do.

However I am confident about this way of earning. Why? Earlier I said it works so I do not want to be vague so I will share with you. You see ads all of the time that attract your attention such as: Make Money Now!; Earn a Six Figure Income Today!; Work 30 Minutes a Day and Earn Full Time Pay Doing Part Time Work! These headlines work and cause people to ask for more information. However generally what happens is once you answer the ads and you find out more they are business opportunities. Business opportunities are good but is that what you need as a newbie or a business owner who is struggling online to get clients.

Lets look at the business opportunities for a minute. Generally people are looking for a business model that resonates with them like a health company, coffee company or even an education resource company. These business opportunities can be network marketing, direct sales, affiliate sales/marketing, a book you have written and or your coaching company. There are many different business opportunities available for people. A business opportunity is similar to buying a franchise however the company allows you to buy product monthly and in return you are eligible to resale or be a distributor for the company. The company offers you some type of compensation plan and gives you policies and procedures to adhere buy and you are in business. It is very easy for the most part to buy a business opportunity. The company generally gives you training on company matters and general information on how to build your business.

In order for a business owner to succeed and be able to realize working 30 minutes a day you will need training such as: how to get traffic to your business website; how to build a list training; how to use classified ads training; how to get in front of your target market training; Basically you will need social media and attraction marketing training. However most companies will encourage you to write down the names of your friends and co-workers or give you training on how to do direct sales which is very expensive starting out.

Here is where the disparity gap between operating a business opportunity and learning and training how to market your business comes in. Very few people are being trained truly trained on attraction marketing. This article is getting rather long and I will write more however let me tell you how attraction marketing will help you and your business. People will begin to call you asking you about your business. People will see your content online and will put their name and email address in your capture page asking you to send them information to them. You will no longer have to beg, plead, scam, prospect or write down the names of your family and friends knowing good and well they are not interested in your business opportunity because its your tenth opportunity and you did not make any money in the last nine. No more awkward moments. Now you get in front of the audience you intend to get in front of.

Training and learning how to market professionally is widely overlooked yet it is the number one reason why people quit. Yes people quit because they are not successful in their business because of lack of sales or they say the business did not work out for them. Truth be told the reason more than likely people quit is because of lack of training and unrealistic goals.

Another reason why people believe training is not worth it is because they do not want to spend time away from their business efforts. If more people understood how powerful basic to advance training with help them become more successful in their business more people would flock to training. Plus, if people knew that training alone can bring a pretty hefty cash flow to their business more people would be doing it.

Anyhow, I have been given access to a cash flow blueprint that has absolutely nothing to do with a business opportunity and has everything to do with providing you with step by step on how to set up your business online and begin attracting customers.

I am so confident about the training that we even allow interested individuals to take a free no obligation tour. We have no time to waste which is why we have it set up in this manner. Many blessings as you build your business online. Remember realize you may be operating between the success gap of a business opportunity and learning and training how to market your business.