Personal Finance Management
Personal Finance Management
The first and most important thing you can start doing today in order to achieve a more secure tomorrow is to start saving, saving, saving. It cannot be said enough. You may not have much disposable income, or much income at all for that matter, but try to put away at least five percent of whatever you’re making, and don’t let yourself touch it unless it’s a matter of life and death! Talk to your bank about what options are available to you; some even have the capacity to take a part of your money and automatically put it into a savings account on a regular basis so you don’t have to think about a thing.
If you’re trying to start a business while you’re still in school, when tuition is still a constant strain on your account, it’s a good idea to save money wherever you can. You don’t have to buy new expensive university textbooks when they’re often all available at the local library or at that used book store down the street. The same thing goes with videos – why buy, when you can rent for a fraction of the cost. The library is also a much cheaper source of movies than the neighbourhood movie store.
Another key to ensuring sound personal finance management is to get yourself a credit card as soon as possible. You may not use it for anything other than the occasional online purchase, but even if you don’t use it, having one stored away will help establish a solid credit rating, something which no entrepreneur can go without.
Unless you take the steps you need to put your own personal finances on track, there is no way your business will be able to get its feet off the ground. Understanding the numbers just when it comes to your company is not good enough. Much like most entrepreneurs know how much money they need and precisely what it is for with their business off the top of their heads, so too do they need to know how much they have on a personal level and where it is all going.
Banks and investors might go over your business plan in excruciating detail, but there are fewer people there to hold you accountable for your own personal finance management. It is up to you to ensure you’re on solid footing and can maintain that footing for the years to come. Seek out expert advice if need be, but don’t wait too long to start the process. Otherwise, both you and your business will suffer the consequences.
Personal Finance Management - To learn more about this author, visit Michael Dowson's Website.
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It may not be something that is taught in school, but personal finance management is one of the most important subjects for young entrepreneurs to master – and, the sooner the better. You’ve always been taught to dream big, but what happens once you achieve those dreams? What do you do with the money you’ve made? Or, if you’re not quite there yet, how can you stay out of financial trouble until you reach your dreams?
The first and most important thing you can start doing today in order to achieve a more secure tomorrow is to start saving, saving, saving. It cannot be said enough. You may not have much disposable income, or much income at all for that matter, but try to put away at least five percent of whatever you’re making, and don’t let yourself touch it unless it’s a matter of life and death! Talk to your bank about what options are available to you; some even have the capacity to take a part of your money and automatically put it into a savings account on a regular basis so you don’t have to think about a thing.
If you’re trying to start a business while you’re still in school, when tuition is still a constant strain on your account, it’s a good idea to save money wherever you can. You don’t have to buy new expensive university textbooks when they’re often all available at the local library or at that used book store down the street. The same thing goes with videos – why buy, when you can rent for a fraction of the cost. The library is also a much cheaper source of movies than the neighbourhood movie store.
Another key to ensuring sound personal finance management is to get yourself a credit card as soon as possible. You may not use it for anything other than the occasional online purchase, but even if you don’t use it, having one stored away will help establish a solid credit rating, something which no entrepreneur can go without.
Unless you take the steps you need to put your own personal finances on track, there is no way your business will be able to get its feet off the ground. Understanding the numbers just when it comes to your company is not good enough. Much like most entrepreneurs know how much money they need and precisely what it is for with their business off the top of their heads, so too do they need to know how much they have on a personal level and where it is all going.
Banks and investors might go over your business plan in excruciating detail, but there are fewer people there to hold you accountable for your own personal finance management. It is up to you to ensure you’re on solid footing and can maintain that footing for the years to come. Seek out expert advice if need be, but don’t wait too long to start the process. Otherwise, both you and your business will suffer the consequences.
Personal Finance Management - To learn more about this author, visit Michael Dowson's Website.
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson'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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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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