faulker047

The holidays and the New Year are over. It is now the time to start thinking about what you can do to get your financial affairs in order for this year. The turn of the year is typically a time of reflection and planning to right areas that you may have let go astray in the previous year. Start the New Year By Implementing a Financial Plan Implementing a financial plan is our top financial item you should resolve to address in the coming year. This vital item could have a tremendous impact on your financial future, not only for yourself in the coming year, but also for generations to come. The coming year should be used to design, develop and implement a financial plan. Think about the amount of time that you spent last year in researching, booking and mapping out your vacation and recreational activities. Was more time spent on planning for your leisure or your financial future? I would argue that, in most cases, leisure won this battle. Think Beyond a Budget A financial plan is more ...

One of the most common pieces of advice to those who are thinking of starting a small business is to do what they love. Particularly when you are at the stage of starting your own business where you're casting about for ideas and deciding what kind of business you want to start, choosing to start a business based on what you love can lead you on a path headed entirely in the wrong direction - or even over a cliff. You should not do what you love because: 1.  Love tempts you to take shortcuts. One of the reason love and starting your own business don't mix is that we tend to assume that other people will love who or what we love. Who hasn't experienced the bewilderment of realizing that a person who’s important to us dislikes a loved one? It's an uncomfortable situation that can lead to hurt feelings and even the loss of a friendship. When you start your own business based on what you love, the assumption that other people love it too can be downright dangerous. When you...