Investing In Yourself and In Your Success: Are You Ready?

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Are you ready to be successful?

 

Alot of people want success but do not make the move to invest in their success and their future. .

In this video I tackle that question of investing and why people should stop shuddering

when they hear the word!!!

If you are ready to take your future / business to the next level:

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  4. Kitty Rocoa says

    (Hints to anyone)Firstly what are your sources of finance? Generally I
    expect a person would need to work and then invest from their savings in
    their business. Loan can be made from family and friend but I would always
    advise going to the bank; because not every business attempt succeeds and
    banks don’t lend money to people they think can’t pay them back; they want
    to see plans and number!

    Calculate a BEP- break even point; know what our fixed cost, variable
    cost and unit prices are; know what your expected output (sales) is and
    ensure you have a margin of safety- this mean even if your not selling at
    the levels you want to you are still making profits and also allows you to
    gage the environment. As knowing when to shut down can save you more money
    than you think! If you an meet you BEP don’t start a business!

    Secondly consider the type of ownership you want; remember this can be
    progressive depending on ones situation.Although people should consider
    partnerships as you will have several persons who can contribute,
    specialise in areas of the business and tackle issues with.If you want to
    have limited liability, then consider incorporation; and remember if you
    want to make lots of money fast and have the money £50000+ or business value
    become a public limited company.

    Thirdly what are your business aims and objectives? Have you assessed the
    environment (using tools like the Boston matrix)?

    My advice to anyone starting a business is to consider a partnership- you
    will benefit from having other owners that can help you tackles issues the
    business faces and with capital. You can also set up the financial side of
    the business as a limited company, preventing claims being made against
    partners and directed where the money is at the financial Ltd instead.

    However if you want to go it alone and have the money then ensure your
    business is incorporated; and then hire staff. Having 51% you would be the
    majority share holder and run the business having other share holder
    potentially benefits you in terms of money to invest in the business or as
    most do take to retire with.

    Learn what stakeholders are – anyone who has an interest in your business,
    internally they are all member of staff, externally they are customers and
    local communities- as they will influence you business; for instance the
    law you must abide by, environmental concerns and etc.

    Can’t say more than that XD…

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