Seven Cures for a Lean Purse

1. Make your purse - or wallet - get fatter.

That doesn't mean filling it with receipts for all the items you've bought with your credit card. It means, fill your purse with money. And the best way to do that is to spend less than you earn. This cure follows from the first law of gold that we looked at last week: aim to save 10% of your income. Minimum. Save more than that if you can. Save for the long term, for your mortgage deposit or pension, depending on where you are in life. If you need to save for short to medium term things, such as a holiday or car, that should be in addition to and separate from the 10%+ that you save for your long-term needs.

Your 10% can include your pension contributions, ISAs, premium bonds or any kind of high interest/restricted access savings account. With compound interest, your purse will get very plump over the coming months and years, even if interest rates remain low.

2. Control your expenditure.

If you're going to save at least 10% of your income for the long-term, you must make sure that your current spending is no more than 90% of your income. This means wherever you are on the income scale, you'll need to apply some self-discipline when it comes to treating yourself and your loved ones.

For a start, keep your credit card(s) for emergency use only, and if you do use them, pay them off before you start racking up interest. Similarly, avoid taking out loans, unless you can justify the interest you'll end up paying for that privilege. A car acquired on one of the popular leasing schemes can be justified if it's essential for your work or business. But a loan for a holiday? Staycation would be a better choice. Learn to distinguish between wants and needs. A roof over your head and food on the table are needs; a month in the Maldives is a desire. Treat yourself to that when you have saved 10% of your income for a year or two and you can afford to fly off to paradise without dipping into those savings.

The secret to controlling your expenditure is to build a budget and then stick to it. If you have Microsoft Excel you can download a template to help you track your spending over a week or month. You can also find ready-made templates on the internet or apps for your phone. Work out how much you spend on mortgage, rent, travel to work etc. and set yourself limits on items such as eating out, entertainment, travel etc. This will help you keep below 90% of your income.

3. Make your money multiply.

You are looking for steady returns over the long-term, not a lottery win. What you need is a steady increase in your capital, your core wealth, such as compound interest from an ISA or savings account, or - more risky - dividends from shares you hold in well-managed companies, including your employer, if they have an employee share ownership scheme. If you are not an expert in financial products and investment vehicles, find someone who is. Don't make any commitments until you talk to a professional financial adviser. Explain what your investment goals are and ask them to help you develop a plan for realising achieving them.

4. Guard yourself from loss.

The sickening nightmare of seeing your dreams of wealth turn to dust as Bitcoin plummets or the bloke you met in the pub the other night disappears with your life savings. One way to guard against loss is to make it an unbreakable rule that you do not touch that core wealth that you are saving and investing for the long-term. Keep a ring of steel around that! If you are tempted to try your luck with Bitcoin or currency trading, only use money that you can afford to lose. That means any money that you have left over after you have saved your 10%, paid the bills and filled your belly. Money that you might otherwise spend on nights out can be handed over to the online bookies, if you can budget for it - see the second cure above. Never use a credit card or a loan for spread betting, gambling or any high risk investments. Before you engage in any high risk investing or betting, though, make sure you have thoroughly researched the field and that you understand what you're getting into. If online poker is your dream, practice with your mates for match sticks first.

5. Make your home a profitable investment.

Owning your own home (and ideally a few buy to let properties) has become an obsession over the last thirty or forty years. Given the way property prices have ballooned over that time, it makes perfect sense to get on the property ladder as soon as you can, particularly when house prices are increasing at a much faster rate than incomes.

However, be aware that at some point the bubble may burst. Yes, people have been saying that for years and it hasn't happened yet. But it is becoming increasingly likely that the authorities will take steps to let some of the air out of the property market. Potential measures include revaluing property tax bands and punitive taxes on buy to let properties and properties left empty. A major increase in house building is unlikely to have much impact on house prices by itself, but when combined with the potential tax changes, we could see prices reach a plateau and stay there for some time.

Given all that, the best approach is to find an affordable house or flat in an area where you would like to live for the foreseeable future, bearing in mind such things as local amenities, schools and the journey to work. Think also of the benefits of paying a mortgage and gradually acquiring total ownership (leasehold and freehold issues aside) of your home over 25 or 30 years, compared with being beholden to a landlord who can raise the rent or evict you at a month's notice, and who will still own the roof over your head despite all the £000s you put in his or her pocket.

If you can't afford to buy outright in the area where you want to live or work, consider such options as shared ownership and self-build. Check out what schemes are available in the area where you want to live.

If you already own your own home you can use it to generate extra income by taking in a lodger. If you live in a major city, a good source of lodgers is contractors - professional people working on a project local to you who need a place to stay for a few months and don't want to use hotels. Often they will go home for the weekend so you have the place to yourself. Another option is to take in exchange students. They will usually come in for a week or two. You provide them with a bed, breakfast, a packed lunch and an evening meal, and get paid for doing so. Another option is to use your home for holiday lets while you're on holiday yourself. This works particularly well if you live in a major city or a historic town.

Even if you rent, take a lodger (if your landlord will allow this) or run a home business (see below). You can still make your home a source of extra income, even if you don't own it.

Two other things to consider. First, home and contents insurance. Make sure you have adequate cover for the worst that can happen: fire, flood, burglary. Second, if you have a mortgage, look at insuring it against unemployment and illness. Take advice and make sure that any policies you take out are fit for purpose and will pay out if the worst happens.

6. Develop a future income.

Who wouldn't want to wake up in the morning knowing that whatever happens, they are assured of a steady income for eternity? Well, you can achieve this through your long-term savings, that 10%+ that you put by month after month, year after year.

When you talk to your financial adviser (as you must!) about your saving and investment goals, the first two issues you should focus on are a pension for you (and your partner, if you have one) and providing for your family when you're no longer around, i.e. life insurance. Your financial adviser should also point you to other investments that can deliver additional income for you and your family, such as ISAs, unit trusts and government bonds.

Your aim is to ensure an adequate income for a long old age. Remember, people are living longer, but not always healthier. It's not pleasant, I know, but think about the worst that can happen to you (short of an early death). You or your partner become chronically ill or disabled and need long-term care. How will you fund that? If you sell your home what will you leave to your children. This is the kind of issue you need to discuss with a financial adviser. You need a pension, plus other income streams, that will pay for all your needs for perhaps thirty or forty years after you stop working. Develop a plan, implement it, then get on with enjoying life.

7. Increase your ability to earn.

There is no such thing as a job for life anymore. These days, even professional occupations such as lawyer, accountant and insurance underwriter are threatened with automation and off-shoring. So, it makes sense to develop additional skills that you can make use of if you find yourself out of work.

If you think you're at risk of being replaced by a robot, you should look very carefully at "future-proofing" your career. Think about jobs that are unlikely to be automated or off-shored in the future. They tend to be ones that involve face to face contact e.g. complementary therapies, nail technician hair stylist, personal trainer, life coach, counsellor. Also, jobs where a local presence is essential: electrician, plumber, lock-smith, builder.

Of course, many of these jobs are relatively low-paid and are in highly competitive sectors. That means you need to find a unique selling point: something you do that no one else does, or no one else does as well as you. Focus on something you are genuinely interested in - or better still, passionate about - and that you know you can be brilliant at. Be realistic about the potential income, the competition and the time and energy needed to make it work. Unless you already have experience in your chosen field, you will need to devote a lot of time, and perhaps money, to acquiring the necessary skills and certifications. You will also need to decide how you will operate: sole trader, limited company, franchise? Take advice before committing yourself to anything.

A popular option for generating extra income is online selling. Even if you're in full time work and happy with your income, you can try it in your spare time and get a feel for what's involved. A regular declutter will reveal all sorts of things you can sell: clothes, DVDs, mobile phones, unwanted presents. If you enjoy online selling, you could develop a successful business without risking your core capital.

Apply the Seven Cures diligently and you will place yourself firmly on the road to greater wealth and peace of mind.

Article Source: http://EzineArticles.com/expert/Ian_Paul_Jones/249781
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Is Email Marketing Still Relevant?

The recent introduction of the general data protection regulation (GDPR) has had a direct impact on marketing practices, including email marketing. Is email marketing still one of the most effective marketing tools for your business?

The answer is yes, email marketing is still one of the most effective tools for driving sales in your business, but as with most forms of marketing, it rarely stands still.

Ensure You're Compliant

Personal privacy is a major concern today when it comes to email marketing. So is the way you use the data you collect. Read over your current privacy policy and terms of service for your website to ensure you are up to date.

Mobile-Friendly Emails

Your email should be readable on any device that your subscriber decides to read it on. You can check out how your emails and website look on free tools such as mobiletest.me and responsinator.com to view your content on a range of simulated screens.

Email Rendering

There's a similar problem with the way emails appear in different email services. Check the overall look of your emails at Yahoo! mail, Gmail, Hotmail etc to be sure it doesn't look wrong.

Coding Issues

Some marketers prefer HTML coded emails, while others opt for plain text. Any HTML coding mistakes could ruin the look and feel of the email, or even prevent some or all of it from being seen. Check your code at a site like Dirty Markup and clean any errors.

Check and Test

Be sure to carefully check any email before you send it. Look for typing errors and ensure that the link clicks through to the correct page. Make sure that things like the date and time of an event are correct. People are very busy and don't have time for you to send two or three emails on the same subject, trying to correct basic errors you should have found in the first place.

Send High-Quality Information, Not Just Sales Info

Be certain all your emails are relevant and interesting to your target audience. Do more than just try to sell them stuff, and odds are they will continue being on your list, look forward to your emails and open them, and even forward the emails to other people.

Make It Easy For People To Unsubscribe

If your subscriber makes a decision that they don't want to get any more emails from you, make it possible for them to easily unsubscribe. If you make it difficult, they will start to begrudge your emails and will certainly never buy from you. They may also report you as spam, which will cause you complications in the future.

Email marketing can achieve awesome results for the smart marketer. On average, a prospect needs to see your messages 7 to 8 times before they trust you enough to buy something. Email is the perfect way to deliver these messages with a structured marketing funnel. To learn more, download my free Marketing Funnel Checklist at https://jonallo.com/salesfunnel

Article Source: http://EzineArticles.com/expert/Jon_Allo/1079948
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Writing Your Business Plan (Traditional or Online Business)

How To Write A Business Plan

In my previous article, I talked about how you can plan your business startup. I defined a business plan as a written description of the future of your business. This is a document that indicates what you intend to do and how you intend to do it. I further explained that if all you have is a paragraph on the back of an envelope describing your business strategy, you have written a plan, or at least the beginning of a plan. I also said that a business plan consists of a narrative and several financial worksheets.

I mentioned that the 'writing of a business plan' as one of the pivotal steps involved in setting up a successful business. By now you should understand the need for writing a business plan. Writing a business plan, for a traditional brick and mortar business, will probably take a lot of time. It may take up to 100 hours or even more. For obvious reasons, a new business needs to carry out a lot of research before a business plan can even be developed.

For an online business, a detailed and in depth business plan is usually not necessary unless you are trying to combine your online business with a traditional business. For most online business startups, the detail involved with planning a traditional business is not required. However, it would still be beneficial to you if most of the topics were still covered, even if only briefly. Having a written plan in front of you will help you to focus on important aspects of the business.

You may not have thought much about your competition or outsourcing some of your work, but things like that will impact your ability to make a profit. And you will find this especially so in the beginning phases of your business. Even you are just opening a lemonade stand in the front yard, you will still need to know what Susie is selling her lemonade for on the next street over!

So, although a detailed business plan may not be required for an online business, I am going to include it here so you can at least look at and consider each section and determine yourself if it applies to your business.

Here I shall be discussing the basic steps involved in writing a business plan:

1. Executive Summary: The first step involved in writing a business plan is the executive summary. Here, include everything that you would cover in a five minute interview.

Explain the fundamentals of the proposed business: What will your product be? Who will your customers be? Who are the owners? What do you think the future holds for your business and your industry?

Make it enthusiastic, professional, complete, and concise.

If you are applying for a loan, state clearly how much you need and be precise in how you are going to use it. Also include detail about how the money will make your business more profitable, thereby ensuring repayment of the loan.

2. Business Description: After the executive summary, you need to write a short description of the business you are going into. You need to give a general description of the industry your business belongs to. You will write about your company's mission statement, goals and objectives, business philosophy, as well as its legal form of ownership (sole proprietor, corporation, LLC, etc.).

Describe your most important company strengths and core competencies. What factors will make the company succeed? What do you think your major competitive strengths will be? What background, experience, skills, and strengths do you personally bring to this new venture?

3. Marketing Analysis/Strategy: The next thing to write (after the general description) should be your marketing strategy. For new or existing businesses, market analysis is an important basis for the marketing plan and will help justify the sales forecast. Existing businesses will rely heavily on past performance as an indicator of the future. New businesses have a greater challenge - they will rely more on market research using libraries, trade associations, government statistics, surveys, competitor observations, etc. In all cases, make sure your market analysis is relevant to establishing the viability of your new business and the reasonableness of the sales forecast.

4. Location: Writing down the location of your business is very important. Locations with greater customer traffic usually cost more to buy or rent, but they require less spending for advertising to attract customers. This is especially true of retail businesses where traffic count and accessibility are critical.

If an online business, you need to go into detail how you will attract customers to your website. General statements like "I will use Face Book ads and email marketing" will contribute almost nothing to helping your cause unless you have detailed statistical analysis of tests you have conducted or of another similar business you have been associated with. If you do not have any data upon which you reference your estimates, it could show lack of proper thought to the remainder of your business plan.

5. Competitive Analysis: Business by nature is competitive, and few businesses are completely new. If there are no competitors, be careful; there may be no market for your products. Expand your concept of competition. If you plan to open the first roller skating rink in town, your competition will include movie theaters, malls, bowling alleys, etc.

6. Management and Operations: Because management problems are the leading cause of business failures, it is important to discuss management qualifications and structure. Resumes of the Principals should be included in supporting data. If your business will have few employees and rely heavily on outside professionals, list these key people and their qualifications. If you are seeking financing, include personal financial statements for all of the principals in the supporting data section.

7. Personnel: The success of any company depends on their ability to recruit, train and retain quality employees. The amount of emphasis in your plan for this section will depend on the number and type of employees required.

8. Projected Financial Statements: These statements are usually helpful, but not necessary. You will develop and describe your strategies for the business throughout your Business Plan. In the financial section, you will need to estimate the financial impact of those strategies by developing projected Income Statements, Balance Sheets, and Cash Flow Statements.

It is usually recommended that these projected statements be on a monthly basis for at least the first twelve months or until the business is projected to be profitable and stable. Activity displayed beyond the monthly detail may be in summary form (such as quarterly or annually). The forecast period for most business plans is two to four years.

9. Summary Section: This section is where you will be able to attach or explain any detail not applicable to the previous sections. This section should be used to provide the financial statements of the Principle's involved in the business and any other data you think an investor would be interested in seeing.

The main thing to remember in this section is not to provide new data, but to explain in detail data that has already been provided and to provide the support for that data.

When you sit down to compile all of the elements of your business plan, make sure you have each section able to stand on its own merits. This means you should not reference other sections sending the reader (your potential investor) back and forth between sections.

Do not try to write your business plan in one sitting. As I mentioned in the beginning, for a traditional brick and mortar business, it could take in excess of 100 hours to compile all of the information needed into a comprehensive but yet understandable document. For online businesses, probably not that long. But your final product should be well thought out, well documented and easily understandable.

On my website, http://www.bobthibodeau.com, I am helping those who are new to Internet Marketing not make the same mistakes I (and countless others) have made getting started. I also help those marketers who are struggling in an area of getting their business going. I offer no promises - just plain, straight forward training and assistance for those who are serious about making a serious, online income.

Article Source: http://EzineArticles.com/expert/Robert_Thibodeau/2198393
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Does Affiliate Marketing Still Work?

Affiliate marketers earn money by selling products created by other companies in exchange for a commission. But things online have become much more competitive than when affiliate marketing first started out nearly 20 years ago. Affiliate marketing is still a good way to make money online, but the rules have changed in recent years.

Today's successful online entrepreneurs have figured out how to make affiliate marketing work more effectively so their efforts bring the results they want. How do they do it?

Make Affiliate Marketing Work For You

The best way to make affiliate marketing work effectively is to increase the exposure of your affiliate links. These are the links that take your prospects to a sales page or website and which track sales back to you.

Your Own Website

One of the most important elements of affiliate marketing today is to have your own website or blog. This is where you produce content relevant to the products you want to sell. You can write general articles and provide links to suggested products at the end of the content. The most important things to remember are that everything you write should be the factual and the truth. This helps position you as an expert worth paying attention to.

Building an Email Marketing List

It can be challenging to build an email marketing list these days because people have such jammed inboxes. That being said, knowing your niche and your target audience are two of the best ways to come up with an incentive they will be keen to get and so will be happy to give you their contact information.

Two good incentives would be an eBook or eCourse on a hot topic related to your niche. Think of the kinds of problems people have in your niche and create an information product which offers real solutions.

Be Careful About What You Sell

Don't promote anything you would not use yourself or are not impressed by. You don't want to get the reputation of being an affiliate who will pretty much sell any old rubbish just to get a commission. Rather, you want to show you're in the know, with great deals on products that really work.

Keywords In Your Content

Keywords related to your niche will help drive free traffic via the search engines. Your keywords should be related to your topic or niche. They should be words that an ordinary person interested in your niche would search for. Keyword all media files such as images and videos as well.



Companies are happy to pay commissions to people just like you, in return for selling their products and services. You have the potential to make a great income when you choose the right niche, stay committed, and understand your audience. For a no-nonsense, kick-start guide to getting started, download my free checklist, Affiliate Marketing For Beginners at https://jonallo.com/affiliatechecklist

Article Source: http://EzineArticles.com/expert/Jon_Allo/1079948
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Transitioning From Employee to Solopreneur

Is your number one Bucket List goal to establish your own entity and become a business owner or Solopreneur consultant? Are you planning to abandon the "safety" of a traditional job to directly market and sell your products or services to customers with the money and motive to do business with you?

Going out on one's own is a thrilling and sometimes frightening prospect. Those who take the plunge eventually discover that many resources that are casually taken for granted while working in an office are not readily available to those who step out on their own. As you weigh your options and prepare to write your business plan, be aware of a few changes and additional expenses to expect should you join the self-employed sector:

No paid days off

There will be no more paid sick days, holidays, vacation days, or personal days when you become the captain of your own enterprise. Neither will there be any pay for days off that result from bad weather. When winter arrives and snow begins to fall, there will be days when harsh weather conditions impact your business and your income. When the governor of your state declares a snow emergency, important meetings will be postponed and businesses may be unable to open and operate.

In particular for those who own a B2B or B2C venture where the business model requires you or your employees to visit the customer's location (e.g., cleaning services), or customers to visit your location (e.g., a laundromat), snow days = no revenue days. Small businesses have been known to go out of business within a year following periods of extreme weather.

Establish business credit

For tax purposes, it will be useful to open a separate business bank account and also apply for a business credit card or two. There will be business expenses to write off and you'll want to make it easy to monitor spending. Do yourself a favor and check your personal credit ASAP and pay off outstanding credit card balances to improve your credit score and correct any errors.

Financial management

Financial management will assume more than one form. As noted above, you'll need to establish credit for the business, so that you can order inventory and supplies without immediately impacting the business cash flow, for example. Those are Accounts Payable items. You will also need to ensure that customers pay you on time, or at all, and that is an Accounts Receivable function.

Maintaining sufficient cash flow is crucial to the business' survival and your own ability to keep a roof over your head, food on the table and your car on the road. You must develop a business budget and plan for the purchase of equipment, licensing costs (if applicable), insurance (if applicable), professional certifications (if applicable), or space rental (if needed).

In addition, you may consult with a business attorney or accountant to discuss the legal structure of your venture: Sole Proprietor, Corporation (chapter S or C), or Limited Liability Company (LLC). The type of business that you're in and your exit strategy will play a role in choosing the business legal entity.

Paying for office supplies

Free scanning and photocopying will be over. When you need to staple a few pieces of paper together, you must buy the stapler and the staples and you'll buy paper clips and envelopes, too.

There will likewise be no meeting space or audiovisual equipment for you to reserve. You'll have to meet at the client's office, or at a coffee shop or other restaurant. Privacy might be an issue and arranging a Power Point or other visual presentation might be awkward as well.

A lap top computer or tablet will be office equipment must-haves. It will be imperative to possess the tools of your trade and to always appear as a competent and prepared professional as you develop your reputation and build your brand. Good luck!

Thanks for reading,
Kim

Kim L. Clark is an external strategy and marketing consultant who brings agile skills to the for-profit and not-for-profit organization leaders with whom she works. Please visit http://polishedprofessionalsboston.com to learn how your organization can achieve mission-critical goals when you work with Kim.

Article Source: http://EzineArticles.com/expert/Kim_L._Clark/647250
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Freelancers: We Are the Future

Presented here are relevant statistics and observations gleaned from the fourth annual "Freelancing in America" survey, conducted by the Freelancer's Union. According to the organization, "Freelancing in America" is the largest and most comprehensive measure of independent workers conducted in the U.S. The online survey queried 6002 U.S. adults who had engaged in full or part-time freelance work between August 2016 and July 2017. Freelancing was defined as temporary, project-based, or contract work performed at a for-profit or not-for-profit organization or government agency.

Who we are

In 2017, 57.3 million of our fellow citizens, representing 36% of the nation's workforce, participated in the freelance economy and contributed $1.4 trillion to the U.S. economy. The survey found that 63% freelance by choice, rather than by necessity, and enjoy this way of working. Freelancers reported feeling positive about our work and 79% preferred freelancing to traditional employment. We're more likely than traditionally employed workers to feel respected, empowered and engaged in our working environment. The survey designated the following freelance categories:

Independent contractors (35%, 19.1 million) -- Full-time freelance consultants whose only income is derived from client work
Diversified workers (28%, 15.2 million)-- Freelancers who regularly do client work, but also perform other part-time work
Moonlighters (25%, 13.5 million)-- Those who periodically take on freelance projects in addition to their traditional employment
Freelance business owners (7%, 3.6 million)-- Full-time freelancers who assemble ad hoc teams of freelancing specialists to form a consulting firm, so that more complex and lucrative client work can be performed
Temporary workers (7%, 3.6 million)

What we like

Time and money impact the decision to freelance. Flexibility is considered a significant benefit and is favored by 60% of freelancers. Additionally, more than 50% of workers who left full-time employment to freelance were able to earn more money within the first year of freelancing than was earned in traditional employment. Forty-six percent raised their project fees and hourly rates in 2017 and 54% said they planned to do so in 2018.

Serious challenges

Sill, money is an issue for freelancers. Survey respondents reported that adequate billable hours, negotiating fair project fees or hourly rates and receiving timely payment of invoices (or receiving full payment) could be problematic.

On average, full-time freelancers log 36 billable hours/week. When the billable hourly rate or project fee is considered inadequate, cash-flow is impacted and there can be a struggle to meet financial obligations. Not surprisingly, the survey found that debt is also a worrisome matter.

Access to health insurance and saving for retirement are a challenge. Full-time freelancers rank medical and dental insurance as primary concerns; 20% have no health insurance savings.

Shaping the future

As traditional full-time, middle class paying employment continues to disappear, the ranks of freelance consultants can only increase, making us a fast-growing segment of the American workforce. Sadly, our government leaders are not attentive to the freelance community's unique circumstances or our voting-bloc potential.

Eighty-five percent of survey respondents said they planned to vote in the 2018 mid-term elections. If that statistic is accurate, it would represent nearly 49 million freelancer voters, more than enough to influence congressional and gubernatorial elections. Seventy percent of survey respondents would prefer that candidates and political representatives would address the needs of freelance professionals, because no matter how lovely things may be for the chosen few who command lucrative project fees, we are nevertheless quite vulnerable.

Freelancers receive no paid sick, vacation, or holiday time. We do not receive co-sponsored health insurance or retirement benefits. Billable hours can have feast or famine fluctuations that wreak havoc on our cash-flow and ability to meet important financial obligations. The 57.3 million freelance consulting professionals in the U. S. desperately need political representation, advocates and activism.

Thanks for reading,
Kim

Kim L. Clark is an external strategy and marketing consultant who brings agile skills to the for-profit and not-for-profit organization leaders with whom she works. Ensure that your organization achieves its mission-critical goals when you contact Kim at http://polishedprofessionalsboston.com.

Article Source: http://EzineArticles.com/expert/Kim_L._Clark/647250
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How High Achievers Harvest Time and Accomplish Their Dreams - Part 1

Have you ever wondered why some people achieve so much more than others?

Our research of high achievers (HAs as we call them), regardless of their chosen field of endeavor, show shared characteristics. Here are 6 of the most important; all of which speak directly to the issue of harvesting time to achieve their dreams.

1. They know what they want.

2. They know why they want it.

3. They have set goals to achieve it.

4. They have a clearly defined plan to get them there.

5. They take action.

6. They commit their time and resources to its accomplishment.

While only a part of the total formula for Time Harvesting these 6 factors are important, contributing elements. In Part 1 we will look at the first element: they know what they want.

Envisioning the outcome.

HAs know exactly what they want. There is no ambiguity about their dream. They are totally focused on the outcome. They can describe it in vivid detail. They're convinced it can and will happen. It's not about "if," it's about "when."

The "what" defines the priorities.

Because the outcome is both crystal clear and expected, there is singleness of purpose. Thus, dedicating time to accomplish the goal becomes top priority understanding that the sooner the plan is executed, the sooner the dream is realized.

Competing priorities.

Unfortunately, like everyone else, HAs don't have the luxury of only dealing with the dream. Life gets in the way and HAs must deal with other issues, as well. But, just like the consistency of the compass needle, after the fires are put out; HAs return to accomplishing the dream.

The lesson.

The lesson is clear. To get the absolute benefit out of every moment of your time you must have a compelling, desired outcome. Otherwise, your time is just dissipated as you wander about aimlessly. Unfortunately, too many people do not have a clearly defined, realistic, defined outcome for their life. That is why they waste so much time and feel unfulfilled.

Remember, if you don't know where you're going, any road will get you there.

Going forward, the compelling question is, "Where will you be, and is that where you really want to be?" What a terrible shame to live an unfulfilling life because you aren't doing what you really want.

The critical issue.

The critical issue is the necessity to define your dream. Take the time to figure that out. You simply must. Then, each day you can devote your time to getting there.

In Part 2, we will look at your "why;" what drives you to accomplish the "what."

Would you, too, as so many other have, like to effectively have a 13th month or more every year to achieve your dreams? Author Jan Schrader shares the secrets of Time Harvesting in the book, The Secret of the Thirteenth Month - Harvesting the Time to Achieve Your Life's Dreams. To learn more, just go to http://www.JanSchrader.com, and discover the power of Time Harvesting.

Article Source: http://EzineArticles.com/expert/Jan_Schrader/2466360
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Why Do People Procrastinate?

Procrastination is the number one dream killer ever known to mankind. Many people think that interruptions have something to do with procrastination. This would be the furthest thing from the truth. Procrastination is the action of delaying or postponing something of great importance for something of less importance. Let's face it, we all have procrastinated at one point in our lives. I get it, no one is perfect, but when procrastination begins to have a major impact on your life it may be time to do some soul searching to correct the problem.

So why do people procrastinate? This is a great question. Let's see if we can find out why and find out how to overcome it. First, let's identify the two variations of procrastination. For many years I have been fascinated by people who consistently procrastinate. You know the kind of people I am talking about. People that put everything off. These types of people will be late for their funeral.

In my line of work, I have come to the conclusion that procrastination stems from two areas of the human mind. The first area in question would be the conscious mind. This is the part of the mind that is active when you are awake and aware of what you are doing. The second area would be the unconscious mind. This would be the area of your mind where you are totally unaware of what you are doing. Conscious procrastination is the easiest to identify and also the easiest to negate. Unconscious procrastination is not that easy to recognize due to it having something to do with deep formed mental habits. We have to catch ourselves doing it before we actually know that we are doing.

Putting things off has destroyed so many dreams since the beginning of time. It has also caused more heartache and failure than all other time management issues combined. The procrastinator does not understand that the winds of opportunity blow upon us all, but the procrastinator never seems to notice due to not taking care of the things they should have taken care of.

Now, getting back to why people procrastinate. Why do people allow things that matter most to fall by the waste side to address things of lesser importance? Conceivably it could be due to the task being unpleasant. Some people unquestionably dislike washing their clothes, while other people dislike taking out the trash. Whatever the case, being productive and successful often requires people to get out of their comfort zones. The natural response to unpleasant tasks is to put them off. In short, we let events control us and our productivity. The only way to escape this vicious cycle is to become cognizant of our thoughts and behaviors.

Discipline is the key to negating procrastination. You will want to create urgency by setting deadlines for everything you do. This can be accomplished by setting goals and breaking those goals down into smaller tasks to be completed. You may want to address the unpleasant parts of those tasks first leaving the more enjoyable tasks for last. You may want to turn your tasks into a game, this will turn the drudgery into fun. You will also want to reward yourself for meeting your deadlines no matter how large or small they are.

Another reason we procrastinate would be due to over-committing, pursuing non-obtainable goals, fear of failure, being disorganized, and plain bad timing. The last reason I can come up with would be that we just don't care about if it gets done or not. The bottom line would be, we cannot do anything personally about procrastination until we are cognizant of its' existence.

If you are interested in learning how to crush procrastination in its' tracks drop by http://www.drmarkhuddleston.com and pick up a copy of "Eluding The Toxic Enemy Within." This book has inspired so many people to change the way they live and see the world.

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Entrepreneurs Need ONE Thing To Succeed - Survivability

The idea of being an "entrepreneur" is the new "rock star" - millions of young people going off the beaten track in order to try and secure a better future for themselves or their families.

Fuelled partly by the Internet and partly by a changing economic landscape, the young of today are more focused on themselves than ever, unwilling to take "menial" jobs at the likes of McDonald's; instead taking on large amounts of student debt in order to secure as lucrative career as possible.

It's in the midst of this tectonic shift (where barriers-to-entry have been eroded massively, and the world opened up for business) that many have placed "entrepreneurship"... the idea of "working for yourself". Unfortunately, it's most a lie.

If you're interested in this type of thing, the first thing you need to realize is that entrepreneurship is a lifestyle, not a vocation. Most people are not "entrepreneurs", they're merchants (buy and sell products).

REAL entrepreneurship is about doing / building something that's NEVER been done before. This might be something simple (a new flavour of soft drink), or something as difficult as getting humanity to Mars. It is NOT about "selling" products for the sake of it.

What many see as a "choice" between a Dystopic future of student debt, mortgages, auto loans and 40+ years of 9-5, is in fact fraught with the utmost danger and risk. The biggest problem is that no one will help you. You're 100% on your own.

In other words, don't become an "entrepreneur"... you have to either be "born" one (which isn't strictly true), or be so utterly determined to see your ideas come to fruition that you're willing to risk your life on making it work.

This is what most people don't see. They see the accolades, cars, success - they don't see what goes on behind the scenes. It's because of this that I wanted to write this article.

Angela Lee Duckworth called it "grit", Elon Musk called it "chewing glass and looking into the abyss of death"... the one thing that anyone looking to bring their ideas to life is survivability - the ability to persist even when everyone else has either quit or been killed.

Every time you look back through history, at the *true* entrepreneurs... the Galileo's of the world; Magellan's; Sir Francis Drakes... we see the same pattern every time. A world-defining event that THEY survived. This was then brought to the market in some form or another, transforming the way that people live and are able to operate.

What most people think of as "entrepreneurship"... starting a "blog", running a "social media" account or some other menial achievement... is nothing worthy of note.

It doesn't *do* anything. It's paper pushing.

To "become" an entrepreneur is very simple.

Shut up and get to work. Most make the error of telling everybody what they're doing. Not only is this a mistake, but kills and chances of actually completing the task you set out to perform. Move in silence.

In terms of what you "do", this is also simple - focus on completing a task that pays you money. Don't worry about changing the world or anything up front, that comes later. Just get your head down and focus on making more money than the other guy, by producing the *best quality work* you can.

Imbue EVERYTHING you do with excellence - reaching to your highest possible potential to pull it off. This is what it takes to become successful.

What's interesting is if you do this, you end up finding opportunities that come out of the blue. They just appear without actually being forced in any way, allowing you to then develop "systems" which can be used to elevate your work to a new level.

It's these systems which end up being the hallmark of an entrepreneur - having the insight to create *new* systems gives you the ability to continue on your upwards spiral. It's also where the "best" entrepreneurs begin to shine - they typically are dogged enough to understand that putting a "system" out into the world is - by far - the most important aspect to achieving growth in life. This is where the "grit" element comes from.

Article Source: http://EzineArticles.com/expert/Richard_Peck/2344303
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Learn the Business Before You Go in Business

Being an entrepreneur is no easy task by far. You have to wear a lot of hats, especially when your business is just starting out and you are solely taking care of every aspect involved in managing your business.

Mastering the skills necessary to start and maintain a new business can be time-consuming and exhausting. Getting your business started and off the ground can be expensive as well. You want to advertise in every way you can. Selling tools can be costly. I suggest you do your homework before hand and attend workshops and expos so you can obtain as much information as you can so you will know how to market your brand and capture your target customers.

Fortunately there are a lot of educational resources online for those who might not be able to get out as much as they would like to or be able to link up with others to learn about business management and or marketing.

If you want to be the best Entrepreneur you can you need to know certain things when seeking to start and develop a business. You need to know about building websites and blogs, marketing your products, money management, how to attract customers, etc.

Google and YouTube can be informational if you have access to a computer. There are even Podcasts via iTunes that available to help with your research on certain subjects involved with the type of business you are seeking to start and some how to tips.

Think it over for a while and make sure you are ready for the task of becoming an Entrepreneur. It will involve many long days and nights. You will go to bed late and rise up early in the morning with a full plate in front of you in conjunction with managing your business. It is truly a full-time job especially if you are working solo with no one else to delegate certain responsibilities to that would shorten your daily to do list.

Being an Entrepreneur definitely requires patience. There will be highs and lows in your journey to get where you want to be in your business. There will also be some mistakes made along the way but it will teach you what not to do the next time. There will be times of frustration but you can't let quitting be your way to opt out because you can't reach your goals quick enough.

When in business we have to make wise decisions not rushed ones because we are anxious for faster results. Time can be our friend or our worst enemy.

Entrepreneurs seek to master the skills needed to be successful. Patience gives us the ability to work steadfast toward our goals. Let your mindset be one of consistency and perseverance, giving up is not an option. Think positive, crush defeat under your feet.

The life of your business is what you yourself invest into it. You get back results based on your efforts put in building, managing and marketing your brand. Good Customer Service is a must. Mix and mingle with your potential customers, be informational, not too much and not too little. In most cases we market ourselves through social media before we even decide to market something that we are passionate about. This is actually beneficial for you because friends can turn into potential buyers. They are already familiar with your personality which in most cases is a plus when people are choosing who they can do good business with.

Bottom line you have to be content with the pace your business is progressing until it arrives at the pace you desire it to be. When you operate in a non anxious state of mind it is easier to handle your business and it allows you to stay grounded in times of lack as well as times of increase.

Maintaining ones own business will present its challenges. You have to be prepared to encounter obstacles and be able to roll with the punches. You have to be willing as I have said before to stay committed and dedicated and trust in the possibility of a rewarding outcome.

Building a business takes time. Nothing grows to its full potential overnight it takes months of planning and nurturing and often reinventing your brand until it grows into what you want it to be. Remember think things through before making rash decisions which could lead to the decline or demise of your business.

Keep in mind all you have invested and how far you have come before you just give up, you might be closer than you think to a breakthrough in reaching your target audience who want what you are selling. This could lead to more doors opening with bigger and better things waiting for you and your business. Have Faith and continue to work diligently with humility and patience.

Never try to take on too much, plan, take steps at a pace you can handle without stressing yourself out. keep your brand visible so much that it begins to intrigue people to the point where they will keep coming back to get a glimpse of what you are doing and what new things you have to offer.

Think Big, Reach Big, Believe in yourself and keep working to make your dreams or plans a reality.

Article Source: http://EzineArticles.com/expert/Catherine_Rose/2521288
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Why Entrepreneurs Starting at 50+ Have a High Success Rate

It may seem like starting young is the best way to build a successful business, today more than ever. After all, when you're young you have nothing to lose and a lot of energy to spend, and since your whole life is ahead of you, you can afford to make mistakes and learn from them. But starting older isn't bad either. In fact, it turns out that for many people, starting at 50+ years is even better than starting young. Yep, you read that correctly.

A Few Illustrious Examples

Some of the world's best-known and most profitable businesses were started by entrepreneurs past 50. Raymond Kroc was 52 and driving around the US selling milkshake machines when he started McDonald's. Pharmacist and physician John Pemberton was 55 when, in an effort to create an alternative to morphine, removed the "French Wine" from his French Wine Coca recipe and founded the famous Cola company. Colonel Harland David Sanders was 65 when he opened a small service station and started working with franchises, establishing what would later become one of the world's best-known brands: KFC.

You could say "that was then, but things have changed." To some extent things have changed, in that it's now easier than ever for anyone to become an entrepreneur and start a business, which is why so many entrepreneurs are starting young. But here are some present-day facts that can inspire anyone past 50 to start a business.

Entrepreneurs over 55 are almost twice as likely to build successful businesses than entrepreneurs aged 20 to 34. This is true even for the highly competitive tech industry, where young entrepreneurs are thought to have a head start because they grew up with the Internet and 21st century technology.

The highest rate of entrepreneurial activity in the United States in the last 10 years was dominated by entrepreneurs aged 55 to 64. There are many reasons for this, including a new approach to retirement that technology and modern life makes possible, strong professional connections, and the ease with each almost anyone can start a business.

Startups that survive are more likely to be led by owners over 45 years of age, according to a 2004 to 2008 study based on 5,000 startups carried out by the Kauffman Ewing Institute. No less than 64% of the surviving startups were headed by older entrepreneurs.

People over 50 years of age have a greater potential to create innovative companies, products, and solutions. This may sound a bit surprising, but innovators do get better with age. Whether you want to create a startup in an industry you've worked in before or start afresh pursuing a passion in a new industry, the experience that comes with being 50+ can be a big advantage.

People over 55 years are more likely to launch a high-growth startup than those under 35. What's more, this doesn't seem to be localized to specific industries, but can be noticed across the board. Older entrepreneurs have the experience, skills, and insight necessary for them to guide their venture to success. They can better manage fears and expectations and have the balance and determinate to persist in spite of obstacles.

When 50 Is Just Right

Put together all these interesting findings and the message is simple: age is not only not an obstacle to becoming an entrepreneur, but being 50 or older increases your chances of meeting with success. While this insight won't make the creation of your startup any less easy, nor will it eliminate challenges, it can be a wonderful incentive for you to finally create the business you always wanted to have.

Pamela Wigglesworth CSP, is an International Speaker, entrepreneurship & marketing consultant and Managing Director of Experiential Hands-on Learning. She is the author of The 50-60 Something Start-up Entrepreneur: How to Quickly Start and Run a Successful Small Business.

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