Why borrowing is not a good thing.

Far too many businesses are relying on large scale credit from the Bank. The days when credit was considered to be a short-term back-up have unfortunately gone.

This comes at a cost. What most people don’t realise is that all these amounts of debt and interest are paid by all of us – the consumers. The consequence of this is that everything we buy comes at a premium. Our cost of living would be a lot less if we weren’t financing the Banks by the back door.

Don’t be in a rush to borrow money to fund your project.

By borrowing money the economy is spiralling out of your control. Every business currently in debt to the Banks realises the truth. The deeper your debt the less control you have over your business. When there is a downturn in the economy you are limited in what you can do to survive it. Your debt is still hanging round your neck. You can’t get rid of it and the Banks stop lending so you can’t expand to cover the extra money you need to expand.

Result. Very, very hard times, catastrophic reduction of your available products possibly ending in bankruptcy.

The way forward is not expansion into larger and larger businesses. The stability of our future lies in the entrepreneurs who are prepared to start small and concentrate on building up finances and developing at a realistic speed according to what the market requires. A small business can change direction, alter marketing methods, etc. at speed. Overheads are more manageable. Economies can be without the dead weight of debt hanging overhead.

The person who has this control over the business is in a position to develop as far as he or she wants. The choice to remain as a small one-person or family affair or to develop to any level up to an international company is not controlled by the millstone of debt.

Successful entrepreneurs are willing to take on work that they normally wouldn’t consider to build up the finance they need to get started. They don’t spend time feathering the nests of bankers with great dollops of interest.

Once you are in the clutches of debt it is very difficult to extricate yourself but it can be done.

The ‘Show Me Financial Freedom – The Key to Success’ is a series of inexpensive Ebooklets available from Amazon which offer helpful suggestions on starting up small businesses with little or no outlay.

The first two are already available. These are ‘Easy Ways to Make Money From Car Boot Sales and Markets’ and ‘Twelve Easy Ways to Make Money With Your Camera’ both by Lesley Cooper.

Theodora is has produced a programme to help new entrepreneurs find a business that suits them. It also will give existing entrepreneurs the opportunity to extend their businesses or find new financial mountains to climb Show Me Financial Freedom

Redundant? Unemployed? Be your own Boss. Part two

Theodora has produced a programme to help new entrepreneurs find a business that suits them. It also will give existing entrepreneurs the opportunity to extend their businesses or find new financial mountains to climb Show Me Financial Freedom .

Yesterday it was all about looking on the bright side of being jobless. Today we’ll look at some of the obstacles you’ll face right at the start. Forewarned is forearmed.

The first and largest obstacle is your own state of mind. Which do you feel?

Despair? A sense of inferiority – that you are somehow lacking in something but you don’t’ know what?

Humiliation? Shame? The feeling that you will be looked down on by your family, friends and aquaintances? Uselessness? Anger?

The list of negative feelings is long and the more you dwell on them the longer it gets.

O.K. Take a couple of days to wallow a bit and get it out of your system then take yourself in hand and get started. You are now your own boss. You are your business. Are you going to accept failure?

Unfortunately a lot of people never get past the first step, hide in the comforting shade of Social Security and become too terrified to step out of it. The longer you rely on that prop the more difficult it is to step out of it and the more terrifying the outside world appears. The obstacles seem bigger the longer you look at them and you become smaller and more insignificant in your own eyes. So the sooner you get a grip and take the first step to independence the better.

More obstacles to look out for tomorrow. But don’t worry – the solutions are on the way.

In the meantime why not consider some suggestions for business start-ups in ‘Easy Ways to Make Money from Car Boot Sales and Markets’ and ‘Twelve Easy Ways to Make Money With Your Camera’ both by Lesley Cooper.   These short Ebooks are really inexpensive and are available to download from Amazon. They are part of the ‘Show Me Financial Freedom – The Key to Success’ series of short Ebooks which are designed to help readers find their own niches with suggestions for their development. More books are in preparation at the moment.

Please send all comments and questions to freedom@percydale.com to ensure that you receive a quick reply.

In the meantime why not consider some suggestions for business start-ups in ‘Easy Ways to Make Money from Car Boot Sales and Markets’ and ‘Twelve Easy Ways to Make Money With Your Camera’ both by Lesley Cooper.   These short Ebooks are really inexpensive and are available to download from Amazon. They are part of the ‘Show Me Financial Freedom – The Key to Success’ series of short Ebooks which are designed to help readers find their own niches with suggestions for their development. More books are in preparation at the moment.

Please send all comments and questions to freedom@percydale.com to ensure that you receive a quick reply.

The Key to Success

Theodora has produced a programme to help new entrepreneurs find a business that suits them. It also will give existing entrepreneurs the opportunity to extend their businesses or find new financial mountains to climb Show Me Financial Freedom

The world is in a sorry financial state at the moment. People are losing their jobs with poor prospects of finding new ones.

There is no need for anyone to be unemployed.

I can sense load squawks of horror! 'What does this idiot woman think she’s talking about?'

Everyone has some skills, qualities, ideas, experience or time that a lot of other people will be eager to pay for – when they know what it is and when and how they can find it. The trouble is that many of us don’t realise that we have anything worthwhile.

You’ve probably read that statement in my blogs before because it’s a point I can’t make often enough.

 O.K. So it’s not easy, but starting your own small business is very do-able.

Something else that you will have read before – being in an economic downturn is the ideal starting point for becoming your own boss.

Small businesses have lower overheads, fewer staff so less paperwork and expense and freedom to enjoy the fruits of your own labour – and nobody can sack you.

The key to success is to start NOW.

To sum up:-

Why Be Self Employed?

In order to enjoy your life you need two things:

Firstly you need enough freedom to be able to do whatever you want without worrying about money.

Secondly you need enough money to not have to work in a dead end job you hate just to get by.

Economic times are going to be very hard for a while and ~ there is no job security for anyone except the boss.

So now is the time for setting up your own business so that you are the boss who can’t be sacked. We’ve been warned that possibly for the next ten years times are going to be hard. Belts will have to be tightened and living standards will be lower than we have come to expect.

Bad times don’t last for ever. Things eventually get better.

When the economy – or anything else – is at the bottom, the only way is up.

While the majority of people sit back and complain, you can start something small that will grow with the economy.

Remember the entrepreneur’s adage. “When the going gets tough, the tough get going. Tough times don't last - tough people do!"

Money-making ventures started now will grow as things improve. The majority of large, successful businesses started small in times of recession or at least economic hardship. They were also started by ordinary, usually nearly penniless people who knew that they had to do something to survive with any degree of comfort.

 People who don’t desperately need money don’t usually have the burning passion needed to grow something big from something very small. So now is the time to say goodbye to stress, goodbye to deadlines, goodbye to coming home from work every night tired and depressed and start thinking.

Don’t scare yourself by thinking too big at the start. Being your own boss should be enjoyable so grow at your own pace.

Concentrate on the important things.

Visit Show Me Financial Freedom and look at the Business Opportunities page. I’ll be updating it regularly but for the moment I’d like you to look at two short Ebooks books in the “Show Me Financial Freedom – the Key to Success” series by Lesley Cooper available from Amazon.

The first is “Make Money From Car Boot Sales And Markets ~ The easy way to boost your income and build a successful business”

The second is “Twelve Easy Ways To Make Money With Your Camera - Tips on how to start a successful business as a photographer.”

These first two Ebooks in the series will give you some ideas to work on. Look for something in them that you enjoy doing. If there is nothing that lights your fire it won’t be long before more are prepared and uploaded.

Survive The Recession And Grow

Listening to the news can be depressing. Terrorism and 'weapons of mass destruction' are no longer the main threat. Economic collapse worldwide is looming. Now is the time to act.
Two things to think about.

a)   When the going gets tough, the tough get going.
b)   Don't wait until you're up to your neck in alligators before you start draining the swamp. (Think about it.)

1)      Look for a money making opportunity. Why not start a business at home? If you can earn a second income it will be the first step in gaining financial freedom. Follow this plan to get started on the right road.

2)      Be positively optimistic. Making money at home is not impossible but if you have a negative approach you will never achieve anything.

3)      Do not mix with people who are negative. If they are members of your family so you can’t avoid them make it quite clear that being negative will not be tolerated. Let everyone else moan about how hard up they are now. You are going to do something about it.

4)      Being positive not letting your problems overwhelm you. It is not the same as ignoring the facts. So now you must make a complete breakdown of your financial situation. Sort them into a) Urgent (mortgage or rent, utility bills, Direct Debits, credit card or loan repayments, etc.). b) Important (living expenses, clothes, entertainment, etc.)  Can be postponed, reduced or cancelled (magazine subscriptions, club memberships, entertainments.)

5)      Now you need to look for money making business ideas and business opportunities. Everyone has some skill, information, experience or time that other people will be glad to pay for. So start thinking, start writing and work out just what you have to offer. Need help to develop your ideas? Visit http://showme-financialfreedom.co.uk/  and see how ‘Prospecting for Gold’ can take you step by step through the process of finding and developing your business niche as fast and as far as you want it to go.

Theodora is has produced a programme to help new entrepreneurs find a business that suits them. It also will give existing entrepreneurs the opportunity to extend their businesses or find new financial mountains to climb Show Me Financial Freedom