Creating Your Business “Roadmap” to Arrive at Your Wildest Dreams!

Creating Your Business “Roadmap” to Arrive at Your Wildest Dreams!

Remember “Animal House”?  “Roadtrip!”  When we’re young, it’s exciting to be spontaneous and fly by the seat of our pants — just hit the road with no reservations and see what happens. It’s exhilarating…for a while.

What amazes me is when people, especially business owners follow this approach. Hey, I was one of those business owner!. I didn’t have a plan in writing for the first five years I was in business, and in retrospect that was a big contributor to my business almost going under. According to the U.S. Bureau of Labor Statistics, about 20 percent of small businesses fail within their first year. By the end of their fifth year, roughly 50 percent of small businesses fail. After 10 years, the survival rate drops to approximately 35 percent.  Want to be one of them?

Financial Education

One of my favorite ways to describe how to make the best financial choices is through a quote by Albert Camus: “Life is the sum of all your choices.” Even the smallest choice can impact a person’s life, and often times consumers are ill-informed not about the choices...

Creating Benchmarks for Long-Term Success

When training for a marathon, runners usually set up certain schedules to ensure they’ll finish the race within a desired time. They train for the outcome they want. Why, then, don’t people set up similar schedules when training for the financial marathon of life?...

The Power of Compounding

Remember back in school when you learned about interest and multiplying different rates? For far too many people it was the last time compounding interest rates were considered. But by not realizing the earning potential of interest, you could be losing out. As an...