So what is Slinging it? Well, Andy tells a story about this past Super Bowl where Patrick Mahomes is really not doing well the first two quarters, maybe three quarters, of the game. And you know, he’s one of the top talents in the National Football League. And at one time, during a break, he is speaking to Andy Reid on the bench and the cameras zoomed in like, what’s Andy saying? Then after that he seemed to go out and be a changed person. He’s scoring right? He just blew away the 49ers and the Chiefs won their first Super Bowl. So, what happened?
Well, you know, being a leader coping as a leader is going to have a direct effect on your company, your family, the community around you. And that’s going to affect also, somewhere along the way, your income and your wealth, and after this is all over‚ because this pandemic will end.
Nobody opens a business with thoughts of failure. We do it for the challenge, independence, earning potential, or love of sharing our products, services, or ideas with others. We want to impact the world!
And yet, only 66 percent of businesses with employees will survive their second year. That’s far too many people enduring the pain of a major financial setback, not to mention a broken dream. And it doesn’t have to be that way.
So why do so many businesses fail? After 30 years in finance, and a nearly failed business of my own, I believe the primary reason businesses go broke is that they fail to master their cash flow.
Unfortunately, most of us depend on the man. That means we require a business owner to sign our paychecks. Yet being the business owner comes with challenges of its own: the well-being of your employees, the success of your company, pivoting with changing economic conditions.
However, one great advantage that a business owner has is the ability to build wealth more quickly. If the business is producing enough cash flow , they can live the lifestyle they want now, pay their taxes, and put aside money in a pension plan and other investment accounts to build wealth and retire in the timeframe they want. The business itself is an additional asset that can add to their personal wealth when it’s sold.
Every day, financial pundits smugly tell you how to invest, but never tell you how to get the capital to do so. Well, luckily for you, I’m not like other financial pundits and I know where to find cash for a business. This isn’t a magic trick. There’s no abracadabra nonsense. Instead, I’ll help you find money that you aren’t using now. You’re probably saying to yourself or the computer screen that it can’t be that easy, but trust me, it is.
