Four Ways to Get Ahead in the New Year

2017-goals-photoLet’s look at how you can get ahead in 2017 by focusing on short, bite-sized goals that are easy to meet. Here are four things you can knock out today to set yourself up for financial success this year:

  1. Sit down and add up all the expenses you expect to have in the next 30 days. Take into account any spending money you may need and try to limit your discretionary spending for the next 30 days. Cut back on anything that is not necessary for the next month.
  2. Make a list of all your debt balance, minimum monthly payment amounts, and interest rates.
  3. Compare the income you expect to receive over the next 30 days to your expenses. Determine whether you expect to have any money left over once all expenses are paid. If so, plan to use the extra money toward your debt, focusing on the account with the lowest balance first. If you don’t have any money left over, see whether you can raise some money by selling something you no longer need, doing an odd job for someone, or taking on a second temporary job.
  4. Mark your calendar for 30 days from today to repeat this exercise. In the meantime, only worry about what you can do to take control of your finances for this month. Don’t overwhelm yourself by trying to look too far into your future. Seize the day!

As always, I am happy to answer any questions you may have.

 

Time Management Skills for Small Business Owners

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Time management is something we hear a lot about but never seem to get an understanding of what we need to do about it. In this article, you’ll get 4 time management skills for small business owners. You may not like them, but they work.

1) Log your time
Take a day or a week. (A week is preferable) Log all the time you spend doing all your activities. You can grab a sheet or use a spreadsheet depending on how analytical you are. Start from the moment you wake up and end when you go to sleep. Track every single thing you do in a day and the number of minutes it takes you to do it.

2) Go over the log and identify your big time wasters.
Categorize your activities. Figure out how much total time you spent on each activity. Determine the percentage of time you took to do each activity category. You want to find areas where you’re spending too much time like meetings, email, phone calls, etc.

3) Apply the 80/20 rule to your time.
The 80/20 rule says that 80% of your results come from about 20% of your activities. You need to figure out those activities that give you the best results and increase the amount of time you spend on them. You’ll need to keep analyzing this and keep increasing the time on the activities that only get you results. The rest is not important.

4) Delegate your time. 
If you spend a bunch of time on your email, find an assistant to handle your email responses and send you only the most important ones. Email is usually a big time suck. Give away those activities that don’t get results. Give them to an employee who can handle them for you and train that employee to do them for you. Then, trust that employee to do the job you’ve trained them to do and move along doing the things you need get you the best results.

I hope these tips have helped you with your time management. If you’ve got questions, don’t hesitate to contact me.

 

5 Tips to Turn Your Dream into a Career

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It’s not considered work if you love what you do for a living, but could you actually make the something you love into a career? There are many career options out there, some you’ve thought of and some that are so bizarre might not have crossed your mind. There’s always a rising star popping up in the media, there’s always a new best-selling author, there’s even a guy who sells snow! The possibilities are endless as far as how you can make money and more importantly how you can turn your dream into a career. How exactly do you go about doing so? Use these tips to get started.

1.) Educate yourself: If you want to work in a particular field, you have to know it inside and out. Research what it takes to make it in your chosen profession, take necessary classes, or even find a mentor whose walked the same path and found success at the end of it. Educating yourself on everything involved in your dream will bring you closer to seeing it unfold before your eyes.

2.) Make goals: Once you’re aware of how to go about obtaining a position in your career choice, you can begin planning the necessary steps that’ll take you from where you are now to where you see yourself in the future. Setting goals not only pushes you through the journey, but allows you to see your accomplishments along the way.

3.) Work hard: As important as it is to set goals, there will be no progress if you don’t reach them. Put forth your best effort in any free time you can manage so you can achieve each goal and move on to the next one.

4.) Don’t make up excuses: Doubt will visit you without an invitation; it will lead you down a trail of thoughts which will have you questioning your worth, your talent, and your time spent. This is an inevitable factor. What is in your power is whether or not you let doubt consume you, and if you don’t want your hard work to go to waste, don’t allow it to stay. Maintain confidence, remain focused, and keep telling yourself you’re almost there.

5.) Don’t let failure stop you: Not everyone has an insane amount of luck to succeed on the first try. If you do, that’s great, but for the rest of us who have to face rejection, we must understand that it’s okay to fail. One or even multiple failures does not set you up for a lifetime of failing. You don’t stay on the ground when you fall, you get back up, brush yourself off, and keep going. So don’t give up; keep moving forward.

 

Integrate Life into Your Today

shutterstock_176813414 copyLet’s all just face it, sometimes it is just what it is.  I’m a wife first. A mom second. I’m a business owner third. And I don’t always get a hot second to spend on myself. True, we have complete control over the great majority of our circumstances, but sometimes elements of the life we have now are unchangeable – at least for the time being.  I don’t want to change anything about life today except for one thing…I want to slow down and enjoy it more! There is joy in living in the moment, so why waste even a smidgen of happiness or a minute of life???

The poet, William Earnest Henley, said it best in his poem Invictus when he wrote “I am the master of my fate”. You always have a choice. Choose wisely. So since I often have to talk out loud to myself to get myself to listen, here’s some advice I’m shouting today:

1.) Every day do at least one thing that makes you happy. There is no magic list. Do not listen to anyone else’s suggestions. You know what makes you smile, so smile today!

2.) Make a plan and make it a habit. Just like brushing your teeth, or jump starting your morning with caffeine – make this a priority on a daily basis.

3.) Make a mental list of the things you have mastered already in life. You know what they are – these are the areas where you receive accolades, awards and “at–a-boys”. You have a full twenty-four hours every day. Pick one, do it better than anyone else can, and feel fulfilled and accomplished.

4.) Be a friend, call a friend, help a friend or make a new friend. Interpersonal relationships have tangible power. Infuse each new day with a heaping dose.

5.) Feed your body; eating healthy foods increases your stamina and keeps illness at bay. (It’s shameful how lucky I feel on days where I miss only one meal!) Feed your mind. Read, read, and read. Keep abreast on current events, buy trade journals in your area of expertise, subscribe to how-to publications – just read daily. Lastly, at least once every day, do whatever feeds your soul.  Prayer, meditation, yoga, exercise, Bible study, journaling; whatever gives you inner peace.

Become your own life coach, and integrate life into your today. When you are ready to integrate new life into your financial future, make us the friend you call. Contact us  – you will be happy you did!