How to Think Rich People to Always Make Money

Oct 1, 2017 | Posted by in Business, Business Tips | Comments Off on How to Think Rich People to Always Make Money

To be rich is not less desire, but also from the way of thinking. According to Writer Steve Siebold, getting rich starts with the way you think and what you believe makes money. It was mentioned Siebold in his writing How Rich People Think.

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In fact, it is not the lack of desire that holds the masses from becoming rich, but a lack of confidence in their ability to make it happen. This is the mental trick that rich people use to advance

1. They tell themselves there is no shortage of money, even when they do not have enough money

The rich are not afraid to fund their future from the pockets of others. If they produce a good idea, but they can not finance it, then they will continue to use other people’s money to make it happen.

The question is, is it worth buying, investing or being pursued? If so, the rich know money is always available because the rich always look for big investments and great players to make the investment profitable.

2. They think of making money as a game

Rich people think about business, life, and income as a game. This is why millionaires are still working every day pursuing their success. The excitement of “playing games” encourages them to continue to increase their level of expectation. Siebold says, the more excited they are, the harder they work and the more successful they are. ”

3. Set unreasonable expectations

While the middle class sets their financial expectations low so they are never disappointed, the rich set their expectations very high. Nothing will make it rich and realize their dreams without big expectations. After setting ambitious goals, the rich immediately begin to address them. Building wealth is more related to your mindset than you might think.

4. They see money as friends

The rich see money as one of their greatest allies and friends. While the rich believe that money can solve problems and buy peace of mind, the middle class sees money as a never-ending crime that must be experienced as part of life.

5. They block the fear

To act at this level, you must be willing to leave your comfort zone, that’s what the rich do. World-class thinkers learning early on become millionaires is not easy and the need for comfort can be devastating. The rich believe success, fulfillment and happiness are the natural order of existence. This single conviction encourages great people to behave in ways that almost guarantee their success.

6. They tell themselves that they deserve to be rich

Rich people not only believe being rich is natural, but they believe it is true. World-class thinkers know that in a capitalist country they have the right to become rich if they are willing to create great value for others. Meanwhile, many people think getting rich is provided for some lucky people. World class believe if they make life better or easier for others, it is their right to be rich.

Four Type of Franchises Worth Considering Besides Fast Food

Sep 9, 2017 | Posted by in Business, Business Tips | Comments Off on Four Type of Franchises Worth Considering Besides Fast Food

Buying into a franchise can be a great investment. Most of them already have brand name recognition; therefore, they already have a built-in customer base. This takes a lot of the risk out of starting a business. The problem is deciding what type of franchise to buy. Every time you hear the word franchise, you probably think about fast food, but the truth is that there are many franchises that you can buy that have nothing to do with food. The following are a few ideas to think about.

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Fitness centers

Obesity is a big problem today, and exercise is an important part of getting your weight under control. Not only that, but people understand that importance of staying fit for their health. The biggest problem most people have with exercising regularly is having access to good fitness instructors and exercise equipment. The number of fitness centers around the country is likely to continue to grow.

Optometrist retail stores

You don’t necessarily need to be an optometrist to buy into one of these franchises, although it is usually an advantage. Eyeglasses are becoming more common, and there are now a great many variations in the products available. It is the large chains that are driving down the prices of eyeglasses, but at the same time, it is these same franchises that are the most profitable.

Automotive franchises

More people drive cars than ever before, and all of these car owners need car repairs and maintenance done on them. Even during a downturn I the economy, people will still use this type of service because it is cheaper to repair your old car rather than buy a new one. There are many franchise opportunities available that are specialized areas of the automotive service industry. Examples include such things as transmission repair, brakes and body shops.

Learning centers

This covers a lot of ground, but in general this type of franchise is focused on helping those kids who are having difficulty learning in school. They could easily be called tutoring centers as well. There are also specialized areas of learning that are focused on gifted children who need more attention from instructors to reach their potential.

The four areas listed above are only a few examples of the many types of franchises that you can invest in that are not related to food. Although there are many good food franchises, there is also a lot of competition. It may be worth considers a non-food franchise.

7 Tips For Women Who Want to Open a Culinary Business

Aug 25, 2017 | Posted by in Business, Business Plan, Business Tips | Comments Off on 7 Tips For Women Who Want to Open a Culinary Business

According to a report from the National Restaurant Association, more than 50 percent of famous restaurants were founded by women. Therefore, bida arguably the current woman dominating the restaurant industry.

business woman

As a restaurant business owner, women have their own advantages and disadvantages when compared to men. Starting from the ease to get funding to the ability to connect with employees.

The restaurant or culinary industry has a high degree of difficulty. The reason, the industry is closely related to the sense that everyone has different depth levels. The National Restaurant Association therefore states that this industry is an industry with a high failure rate.

Here are tips for women to succeed in the restaurant business:

1. Making sure the restaurant business is the right choice

The first thing women should think about in building a restaurant business is to make sure they really want to open a business that has a high rate of failure.

As an owner, you should be able to solve problems that will surely come up every day. That means you must make sure you can and are ready to face the challenge of becoming a women entrepreneur in this high-pressure business.

2. Have skills

Many people want to start their own restaurant because they love to cook and or they like to entertain. Owning a restaurant is indeed the right way to channel that fondness. Unfortunately, to open a restaurant business can not just by having the ability to cook it, should be more than that.

The ability or skills to manage finances should also be owned. The bookkeeping of the restaurant is very complicated. There are many rules of rules to follow, taxes to be paid, required insurance premiums, and more.

Therefore, every woman who wants to open a restaurant should have a basic understanding of cash flow, income and other statements. A financial tool that will help them make good business decisions.

If you do not already have these skills, there are many online courses or educational community classes that can help prepare you to become a business owner.

3. Know how to handle conflict

Women in leadership roles have different advantages over men. They are often more empathetic and caring with employees, building a family-like atmosphere. This is fine, until a difficult decision is made like cutting a position or removing someone who has a poor performance record.

Women are conditioned by society to be gentle and nurturing and when they use force, they are labeled as boss or unreasonable or worse.

Female restaurant owners need to find a balance between their natural empathy towards others and do what is best for their business.

4. Have a clear business plan

Since there are many financial programs available specifically for women entrepreneurs, it is important to have a solid business plan when you go to a bank or small business finance company. This includes start-up costs, annual budgets and projected sales.

Creating a business plan can take a long time. The end result will help give a clear picture of how to make your restaurant a success. To be honest, if you do not want to take the time to write a plan for a new restaurant, you might find it hard to build a restaurant.

In the process of writing your business plan, you can identify possible risks, such as local competition with similar menus and prices. Knowing the information at the planning stage allows you to adjust the required concepts.

5. Can manage the workforce

Women can be very multitasking, but not always so great when delegating. In a busy restaurant, you can not expect to do it all by yourself. But that’s what often happens with owners (both male and female) especially in the early months of opening new restaurants.

You may not feel the need to spend money for extra labor or outside services, but if done right, this will save you more money in the long run.

6. Use technology

As outsourced, the technology can save the female restaurant owner a lot of money and time. For example, using a POS system or iPad POS System makes tracking sales easy while at the same time acting as a credit card processor. This system also makes transactions with credit cards safer for your customers and your business.

This system helps reduce theft that can be done by employees. You can also track menu materials and inventory through POS systems, helping to reduce waste and save on food costs.

7. Have network support

Finally, another area that female restaurant owners can use is to build a support network for themselves. This can be through family and friends or through small business associations or women’s business associations.

Women business owners continue to grow throughout the country. Female restaurant owners now dominate half the restaurant market. As women continue to take on more leadership roles, it is important to know how to harness the natural talents and cultivate the new ones.

Never eliminate this from your budget plan

Aug 7, 2017 | Posted by in Business, Business Plan, Business Tips | Comments Off on Never eliminate this from your budget plan

Creating a budget is one of the right ways to manage finances. With the financial budget, we can better know how much we have to spend for our needs during a certain period of time, for example a month.

financial plan

But sometimes, despite already using the budget some people are still wasteful in using the money. There are many ways to save money. You can stop eating at restaurants, stop buying new clothes, or buy unnecessary items. But what goods should you really never cut from your budget.

Here’s a list of items you should not cut into your financial budget for any reason:

Health Insurance

Did you know that two thirds of all bankruptcies are directly related to medical bills? If you have serious injuries or illnesses, your medical bills may drop to millions. That’s more general than you think. If your boss does not offer health insurance, buy your own personal insurance. If you feel that an individual plan is too expensive, consider the cost of not owning it.

Home Insurance

After the costs associated with your health, the second largest bill you may have to pay is your home costs. If a disaster strikes at your home and causes destruction, you no longer need to bother looking for your home improvement fund. Home insurance can help you protect your home and help in case something happens.

Car insurance

It violates the law to be ridden without at least the minimum amount requested by the state from car insurance. It does not cost much more to give you a little extra coverage that will pay compensation for both cars and other party vehicles. You also want a liability protection that includes bodily injury in the event of an accident.

Emergency Fund

You will be amazed at the peace that you will experience when you know that you have several months’ salary to deal with emergencies that may arise. Therefore, it is important to set aside an emergency fund each month in the budget. Reassess your insurance policy at least once a year to ensure that you have adequate coverage. Having inadequate insurance is almost as bad as not having it at all.

The right strategy to apply credit for business

Jun 9, 2017 | Posted by in Business, Business Tips | Comments Off on The right strategy to apply credit for business

In the near future you are planning to start a business. After searching for existing theory, it was found that when wanting to start a business requires skill, creativity, networking, motivation, and determination.

cash payment

Although everything sounds as an ideal complete package, but in reality that is often discussed just the money capital. Applying for a loan or business credit in developing a business is in the options.

In order for you to not fail to apply for a loan or credit for that purpose, here are some steps to keep in mind:

Determine the good purpose of borrowed money

Of course the purpose of your loan is to do business. However when talking about loans for businesses, there are good reasons and bad reasons. And it can be a reference whether you are worth lending by the owner of the money.

Usually, a good reason is borrowed money related to the purpose of equipment financing, property purchase, long-term software development, or product development in a particular season – such as selling clothes in the Lebaran season.

Conversely, a bad excuse is that borrowed money is aimed at coping with the ongoing financial losses – if you are already starting a business before, building an office, or acquiring a business asset that is not essential.

Determine the lot of money needed

The lender will assess the size of your business. Therefore, do not underestimate the amount of money you want to ask. Because a small business does not ask for a large loan.

Meanwhile, when exaggerating the amount of money you want to borrow and not worth the value of your business, the lender will then question.

If necessary, try to have and prove it with a budget plan that is supported by the financial projections of the business being done. For example, by including a statement of profit and loss, as well as a reasonable cash flow statement.

Know your credit score

The lender will also make an assessment by looking at the credit score or the credit ability you have as a business owner. To be safe, try to get to the bottom of what the lenders are looking for, and how to compare the scores they have, with their expectations. So, you can calculate and measure the type of business and the amount of loan that can be submitted.

Compare loans

Each lender has different criteria and requirements. They also have different flowers. It is better you compare the first banks that have business credit. Do a little research for the bank you want to select. The easy way is to make a comparison of business loans online.

Create a document package

When applying for a loan, there are some documents that need to be prepared. In order not to rush and can apply for loans to several banks that have been compared, prepare some package documents needed.

These documents are usually like your data as a business owner and your business plan, financial reports and projections, personal financial information.

Not tired of waiting

All loans need to process. Therefore, do not rush to get a loan after filing. However, be diligent to check your status. In addition, some lending institutions will usually require additional documents.

This is the Five Habits of Successful Entrepreneurs

Apr 18, 2017 | Posted by in Business, Business Tips | Comments Off on This is the Five Habits of Successful Entrepreneurs

business successTo run a business, there are many aspects that we need to prepare. Here are five habits entrepreneurs should be noted that the pace of business can be a maximum, according to Melinda Emerson “SmallBizLady”, a leading business expert and speaker of the US.

Come 15 minutes early if there is a business meeting

Come on time means “late”. Hour break before the event is the most appropriate time to seek new acquaintances for business. Once the show begins, you can only network with eight or nine other people at your table.

Do not force people who can not say YES

Make it as a friend. Often, we see “gatekeeper” that could make it harder to meet with decision makers. They could be from security guards, receptionists, secretaries, or mid-level managers. If confront them, not to take action that shows disrespect to him. Therefore, it has been their job to filter the guests that will meet their boss.

For that, make sure you have a lot of contacts that could pave the way to meet the decision makers. If possible, make them as a friend. Create an atmosphere familiar with employees at various layers in a company which will be a partner or we shoot our clients. If we can do it, surely they will not hesitate to help us, even giving the information we need to facilitate our business deal step.

Never start work before their signature business contract

As a small business owner, sometimes we feel very excited when a client told me that he would use the services or buy our goods. As a result, without knowing it, so spirits, we went to work before the work order which could be a reference according to the value of the contract.

Look for people who “reserve” that can be obtained to help businesses

We must realize that the best we someday certainly left us with a variety of reasons. Of independent want to get another job that provides a higher remuneration. For that, try to always find and prepare other HR can roughly and qualified to be a substitute for people mainstay in our business.

Know exactly how much profit can be made from any business contract

Therefore, we must know exactly how much money we make from every aspect that appears in the contract. There are times when we have to spend extra before getting paid from contract work entrusted to us. However, as much as possible, lest we eventually bail so that it does not interfere with cash flow. Make sure that you also really detailed count to count as labor costs, administrative costs, even to transport to run a business. With details that you have prepared, then there are many aspects that we can count so it really could determine the level of benefits that can be obtained.