Get Financially Fit!
Building Your Business
Want to Leave the Rat Race?
Jul 3rd
Many people dream of being able to quit their 9-to-5 job and start their own business. Few take the bold step and embark down the entrepreneurial path. Even fewer take this step and succeed. If you’ve been thinking about quitting your job to start your own business, you’ll enjoy this article by Sarah Pierce. In it, Pierce profiles three people who left the corporate world to start their own venture.
Here’s a quick summary of the profiles she describes in detail.
- A former management consultant who started his own Belgian Waffle business.
- A former investment banker who started an organic, kids snack food company.
- A former corporate vice-president who became a franchisee.
Enjoy!
An Alternative to Franchising?
Aug 12th
I would rather earn 1% off a 100 people’s efforts than 100% of my own efforts.
- John D. Rockefeller
On August 10th, I referenced an article about franchising. I have now decided to write about another viable alternative that allows one to build a business part-time with a lower cost of entry right from home.
Thinking of Franchising?
Aug 10th
If you’re thinking of building a business through franchising, you should probably read Jessica Dickler’s article, “The do’s and don’ts of franchising”. While franchises have a slight edge over businesses that are built from ground up, starting a franchise is anything but a sure thing.
As the article mentions, doing proper due diligence will increase your chances for success at the start. After all, there are many franchise opportunities available. Not all of them are the same (i.e., years in business, profitability, # of franchise in operation at various locations, franchise support).
Read the article to get more insights and tips.
The Richest Man in the World is…. not Bill Gates
Aug 7th
That’s right. Carlos Slim Helu of Mexico has now surpassed Mr. Gates. What’s even more interesting is how this man made it to the top.
Fortune magazine’s senior writer, Stephanie M. Mehta provides the details in her article, “Carlos Slim, the Richest Man in the World”.
The article does not really go into great detail about the rise to fame of the elder Slim. After researching on the web, I gather that Slim’s father, Julian Slim Haddad, passed on his business acumen to Slim.
For those of you Kiyosaki fans, it should be noted that Slim is both an astute investor and business owner. This is a friendly reminder that those of us in the employee and self-employed quadrants need to stop trading time for dollars.
Hear from an Olympian
Nov 15th
Last night, I attended an event featuring Henry Marsh as the keynote speaker. According to his website, Marsh is “one of the most prolific distant runners in US history”. While his Olympic accomplishments are impressive, Marsh’s secrets for success are priceless.
Here’s what Marsh shared – his M.A.P. strategy:
- M = Mentor – Everyone needs a mentor.
- A = Ability – Find your unique talent and become the best you be (“never better”).
- P = Passion – You need to be passionate about what you’re doing.
Sound familiar? Sure does. This is just another way to describe elements of my “Secrets to Wealth and Success” article.