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.

Redundant? Unemployed? Could be the best thing that ever happened to you! Part one.

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 visit Show Me Financial Freedom .

Redundant?  Unemployed? Could be the best thing that ever happened to you.

If you’re in that position at the moment it probably doesn’t feel like it. But think about it. When you had a job, even if you didn’t particularly like it, you felt a degree of security. You just had to trundle on and at the end of the week or the month you would be paid.

You didn’t have to think about how to fill in the time, there were set patterns for what you had to do. Even in a position where you needed to use      you were still operating under the umbrella of the organisation. Now, suddenly, you have time to do ------ what?

The answer is that you now have the time and opportunity to take risks and start taking complete responsibility for your life.

If you hadn’t been forced into this position would you have dared take the risk of giving up everything that felt safe and secure and start your own business?

It isn’t all that difficult once you get started although it does require hard work and commitment particularly in the early stages. The up-side is that the income is all yours. No-one can sack you. You can stay as a comfortable small business or develop and expand.

You decide on your priorities. You enjoy the fruits of your labour. You are your own boss.

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

Read more tomorrow.

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.