Put things in perspective

So no one is perfect and there are somethings you may not be able to grasp...but thank God for Google!


Currently I'm doing two entrepreneurship classes (clearly people can see how bad I want to become my own boss, I gave a synopsis in an earlier post about why its my dream but I'll provide my hard reason for it in my next post), so long story short for both classes the final project is to create a "workable" business plan, which will be pitched before actual investors. Both are group projects.


Normally I don't like group projects as major projects but originally I was grateful because due to complications with my university I have a crazy workload, which tips out the average student by quite abit. ( it can be taxing but I have a great support system to help me through it)


For one course I have been charged with the task of writing the 'feasibility analysis.' Never having done one before, I started my research on it (three cheers for Google) and basically its a section of the business plan that determines if it makes sense to continue with your business idea.


At this point, I know what it is in theory, and I've searched and found examples (yay Google) on how to write  one...yet I still am experiencing trouble creating my own.


This stems mainly from a lack of....you guessed it...KNOWLEDGE.


Not knowledge on a feasibility analysis but knowledge on the business we are presenting itself.(mainly because this group has yet to gel as a group and actually get the work done....my dislike for major group projects is slowly beating out my need to share the workload) anyway, now you see the importance of the business plan.


Some people aren't aware of how to create this aspect of their business( the aspect being the business plan)...they may have the idea which they think would make a good business and then to get them started they would hire someone to write the business plan for them (like a consultant)


Personally, and feel free to agree or disagree, writing your business plan yourself helps to make your  idea just a bit more clear and cements it to you...writing it yourself gives you a greater sense of ownership.


Although I say this, if it isn't your strong point, there is no problem having someone go over it with a fine tooth comb  before you try to pitch your idea to investors. My main point is to be aware of what goes into all aspects of creating your company, starting with the business plan, because it can really put your business into perspective.


So be aware of all aspects of your business, knowing how things are done can aid in how to fix surprises that can occur and can be a significant advantage in presenting your business to others.

Money should work for you 2

Money should work for you @Trawling the internet as I'm want to do, like a shark seeking out prey for my daily meal, I came across a rather interesting article  entitled '7 Secrets of a Self Made Millionaire."


The title alone caught my interest...after all who wouldn't want to be a millionaire...we can't all win lotteries....getting your million may need some serious hard work. After the title, my eyes wandered further still...and lo and behold the dark corner of my mind became unlocked by the key of knowledge, when I happened upon the words-" First, understand that you no longer want to be just a millionaire. You want to become a multimillionaire."

Needless to say...that blew my mind wide open...I'm talking wham! bam! pow! Batman style. Of course I wanted to see a million dollars...getting the first million will be hard enough...so now I have to think about getting multitudes of millions...you could blow me down with a feather.

Mainly because....I thought this was obvious!?! Am I the only one...by the time I take my one million...buy the house of my dreams and pay for its upkeep...donate some to charity...shut my eyes and let government rob me of the rest under the guise of taxes....my million is gone...and with it my legacy. 

Let's face...there's no point working hard to accumulate wealth and that's all you do...sit holed up in your tower counting it over and over...watching it grow but doing nothing with it. For those connoisseurs of cartoons, I'm sure we all know SpongeBob SquarePants. 

In one episode, the character Mr. E. Krabs made a wish to be able to talk with money. When it was granted by the Flying Dutchman, he asked the money what it is they wanted and the resounding reply was "we wanted to be spent, we are money...its what we were made to do!"

I'm not saying that as soon as you make money you spend it, I'm saying be wise with your money. Your money should work for you, as much as you need it to work. Being an entrepreneur means sacrifices will have to be made, at least until you can achieve a level of financial security, where your profit isn't being sunk into your overhead expenses and you aren't basically living from pay check to pay check...that's if you are even getting a pay check.

Working for your million and beyond is hard work and you should enjoy the rewards that will come from the  hard work and dedication. Smart spending, and investments can easily aid you in turning that one million into more, just don't become to reckless...after all money doesn't grow on trees.