Money Management
Money Management
First of all, if you’re not a detail-oriented type of person, you need to be willing to get yourself someone who is. Business it not just about selling a product or providing a service; it’s about being organized and keeping track of everything, and I mean everything. Beyond just having a client database, you need to keep track of everything from your profits to turnovers to a myriad of other statistics. Familiarize yourself with basic money management tools and software programs to make the recording process easier, or hire someone else who knows the stuff.
Secondly, write down your financial ambitions. Where do you see yourself in ten years? Twenty years? Fifty years? How much money do you anticipate having? How much money do you anticipate having given away or spent? These are questions you need to ask yourself to help you determine what your goals are today. You may think you know what you want – to have your business succeed – but put down on paper what that really means to you.
Thirdly, admit to yourself just how much you know about money management. Acknowledging that you don’t know much doesn’t mean you need to spend thousands to hire someone who does. But it does mean that if you’re not going to do that, you need to have a willingness to learn all the things you don’t know. Taking care of your financial accounts doesn’t have to be a time-consuming and energy-draining affair. It can be fun, learning how it works, making budgets and plans, and living out those plans.
I would suggest buying either Quicken of MS Money to help you get your affairs in electronic order. Both for under $100, these software programs can help you perform some of the more tedious tasks. Their tutorials can also be great primers for the absolute accounting novices.
We have all grown up in a world that associates enormous pressure and drudgery with money management; if you are not doing it, you should be; if you are doing it, you are not doing it well enough. Take your time to understand just how you are making your money and how, in turn, you can get your money working for you. And, take pride in the fact that you are able to manage your own money.
Money Management - To learn more about this author, visit Bob Ready's Website.
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I have come across a lot of entrepreneurs in my years of business – micro entrepreneurs and CEOs – and there is one thing that I often seen as being the difference between the two. Entrepreneurs who are just starting out are passionate, full of ideas and ambition, and determined to succeed. CEOs, while often equally as passionate, have one thing that many others don’t: money management skills. Startup entrepreneurs are in business to make money, but many do not know what to do with it once they have it. Since success is rarely a one-time stroke of luck, read on to discover some money management tricks that will help you stick around in the long run.
First of all, if you’re not a detail-oriented type of person, you need to be willing to get yourself someone who is. Business it not just about selling a product or providing a service; it’s about being organized and keeping track of everything, and I mean everything. Beyond just having a client database, you need to keep track of everything from your profits to turnovers to a myriad of other statistics. Familiarize yourself with basic money management tools and software programs to make the recording process easier, or hire someone else who knows the stuff.
Secondly, write down your financial ambitions. Where do you see yourself in ten years? Twenty years? Fifty years? How much money do you anticipate having? How much money do you anticipate having given away or spent? These are questions you need to ask yourself to help you determine what your goals are today. You may think you know what you want – to have your business succeed – but put down on paper what that really means to you.
Thirdly, admit to yourself just how much you know about money management. Acknowledging that you don’t know much doesn’t mean you need to spend thousands to hire someone who does. But it does mean that if you’re not going to do that, you need to have a willingness to learn all the things you don’t know. Taking care of your financial accounts doesn’t have to be a time-consuming and energy-draining affair. It can be fun, learning how it works, making budgets and plans, and living out those plans.
I would suggest buying either Quicken of MS Money to help you get your affairs in electronic order. Both for under $100, these software programs can help you perform some of the more tedious tasks. Their tutorials can also be great primers for the absolute accounting novices.
We have all grown up in a world that associates enormous pressure and drudgery with money management; if you are not doing it, you should be; if you are doing it, you are not doing it well enough. Take your time to understand just how you are making your money and how, in turn, you can get your money working for you. And, take pride in the fact that you are able to manage your own money.
Money Management - To learn more about this author, visit Bob Ready's Website.
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Bernard ReberBack in late 1992, MS Access hit the streets. About that time the company I managed needed new software to handle their growing client base and I decided to try this new product. I had little difficulty writing and adapting a database to suit us and discovered a hidden talent for programming. A business was born. With business studies and 25 years of management experience in three different countries under my belt, I could offer a unique combination of skills and my customers agreed. From these humble beginnings my software 'invoiceit' emerged in 1999 and has since been taken to 49 states (hello Wyoming, won't you join us?), all across Canada and more than 70 other countries. From the very beginning the program included cashbook accounting, the simplest form of keeping financial business records. The Dictionary.com defines 'cashbook' as "A 'book' in which to record money received and paid out". For 'book' substitute 'simple software' and that's what I'm about. Now I have published Simple Accounting, an inexpensive spreadsheet solution which even you can master. For just $14.95 it costs less than a takeout meal! More at http://www.scrambled-card.com/simple_accounting_main.htm - Visit Bernard Reber's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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Dr. John OdaJohn Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website |
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