FINANCE AT YOUR FINGERTIPS by Moses Ayiku, Jr. MBA OP/ED
Let us go straight to the point. You have determined that you will never become rich working for your current employer. This is not your fault! Well, not fully.
You are fighting an unfortunate situation that is prevalent in our economy. America is known to be the land of dreams. This is where people have come from all over the world and fulfilled many of their dreams! From sports to business to social life, we have stars who have risen and found their purpose. They have accomplished and now encourage others to rise above their current levels of achievement. If business is your desire. Then perhaps it is time to get serious and start putting together the foundation for success!
How can we gain business success? The first step is to identify what you want to do in business. Only you can find the answer. You can get guidance and support from others but eventually the final decision lies with you. You are the one who will have to take the risk. You are the one who will become the face of the company. Your every decision could assist you to rise in the business world or fall. Get ready for this journey!
Find your peaceful place and ask yourself the hard questions. What exactly can I provide the market and get paid well for? What are the resources that I need to succeed? Has anyone ever done what I am trying to do? That is not a bad thing if others have already tried what you are now attempting to do. What would be a crime is not researching and finding out how those who started before you succeeded. What were the peculiar challenges that they faced? How did they overcome those challenges?
Time holds an important part in your overall goals and plans. To succeed in business, one needs to reassess the way time is viewed and utilized. We all know that resources are important in any business. Land, labor, capital and entrepreneurial ability are all very important as the four key economic resources. However, one resource we do not focus on which is so important is time!
You could be sitting on your sofa and planning a business. This started in 2008. It is now 2021. Be firm and assess how far your sofa idea has gone. If you are still on the sofa and have not accomplished any of your sofa ideas, then perhaps it is time for you to make some changes to get better results.
It would be very helpful to set up a monthly calendar of goals. What are the most important things that you need to accomplish to get your business started? List all the goals that you intend to accomplish. Then add a timeline for each goal. After, identify the resources and efforts required to achieve each goal. Write it down so that you can follow up, revise, and use this information to further your goals.
Most folks would encourage you to ensure that your goals are SMART. In other words, your goals should be specific, measurable, achievable, realistic and within an anchored time frame. Review your calendar of activities and make sure to prioritize the most important goals first. Assess whether you have the best order of activities. Make the time to work on each goal. Develop a personal timetable for daily activities.
Every single day, make it a point to accomplish a step that will assist you to accomplish your goals, one by one. Avoid being overwhelmed by giving yourself adequate and reasonable time to accomplish each goal that you have identified for yourself. Take one step at a time. Follow your timetable. Life will bring you challenges every single day. Know that you can overcome these challenges. Take them one by one and determine how best to overcome each of them. Keep it all very simple and reward yourself when you accomplish each major goal.
You are moving one step at a time towards a achieving your business goal! Success is well within your grasp. Off the sofa and onto the real-world stage. Be prepared to learn as you move along. You will be pushed out of your comfort zone in attempting to accomplish your goals. That is an important part of your growth towards a successful entrepreneur!
Time will seem like your friend when you utilize it well. However, if you are still on the sofa and have not made any positive changes, then time becomes your worst enemy. We all know that we cannot stop time. We can only change our attitude to make the most of our time. It is yours, make the best of it!
In the next part we will continue with information about starting a new business. Please feel free to share with me your questions and experiences on starting a new business. I will do my best to respond, and, in some cases, I will write on some of these questions.
Your questions and comments can be sent to localtalknews@gmail.com.
