Set Your Top Goal : Financial Freedom

In working out their goals, many people seem to focus on houses, holidays, cars, etc. It is more effective to focus on financial freedom as your goal. All the other things will come anyway.

You are financially free when you have created enough wealth so that your income from it, without depleting capital, is sufficient to live on. In this situation you never have to worry about money, ever again. Luxury goods deplete wealth and should never hamper your progress towards financial freedom or take it away from you.

You tend to get what you focus on and the material things can be achieved by raising mortgages, loans and credit cards. I think that having a lovely house with a larger mortgage, a car on loan and a holiday paid for by credit card is celebrating success before it has happened and does not lead to happiness. This is conditioning your mind to reward yourself without success, and this sets up bad habits that at best will hold you back, at worst put you out of business. (more…)

| Finance Management |

Big Advantages Of Small Business Enterprise

Traditionally small firms have taken on their bigger competitors by specializing in a niche. For example, Tie Rack competed in one niche against major high street clothing retailers like Marks & Spencer, but only clearly in one line. However, times change and it takes longer for companies to adapt to those changes. Many believe it’s the smaller company that moves more quickly to take advantage but this is not necessarily the case.

What they notice is that smaller companies can change more quickly if they notice those changes. The arrival of the internet and the continuing developments in its uses and technologies have reinvented marketing. To the internet there are no foreign markets. Small firms can take orders overnight from around the world that previously would have meant setting up local offices. (more…)

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