A Formal Education Does Not Mean Monetary Success

Peace and blessings!

People have a lot to say about racism - which is a social construct that supposedly began in the 14th century. See and But, what about class-ism? and Classism is also a social construct!

I don't know how many times I have told someone that they can do something because another man did it (it has been done before - there is a precedent... This makes doing it repeatedly much more likely unless factors change. And those who are the most influential make sure that factors change) and they immediately think of their social or economic disposition. I have been guilty of this a number of times myself - so, don't get me wrong. We have to remind ourselves and each other because of the rigorous and aggressive prog…

From Daily to Weekly - New Post Schedule

Peace and blessings! Please forgive the week of no blogging... My schedule changed and it has been constant running back and forth. Everything I have ever done, I have invested years and thousands of dollars. 6 years on my first business. 5 years on this business. 1 year on my cleaning business. and so on... Trial and error is an expensive process - and not just monetarily speaking. You think you do everything right and wonder why the desired effect or results are not the end product. I realize one thing, one of the most important things, I have overlooked. My attitude. A saying I have carried for years and have always loved - "Attitude + Aptitude = Altitude!" Unfortunately, I do not know who to credit with that quote. 

I have always had the best results when I cleared my path of the things which could distract me by having a negative emotional impact. I hold onto things until I can figure out how to fix them. So, it is a taxing process to say the least! However, I can't…

6 Succession Planning Myths...Debunked

Of late, the topic of succession planning has sparked much concern. However, it seems few organizations have heeded the warning. According to a Human Resource Planning Society and Hewitt Associates study, fewer than 60% of companies have a succession plan in place.

Below are some of the most common myths about succession planning.

Myth #1: If there are no imminent retirements, succession planning does not need to be a top priority.

According to a survey conducted by Capital H, nearly 22 percent of respondents expect to lose between 10 percent and 25 percent of their top performers to retirement within the next five years. These top performers play a significant role in a company’s success, often serving in high-level, supervisory roles. For successions to progress smoothly, the people chosen to fill these roles need to be prepared and adequately trained. That process takes time. 

Myth #2: Succession planning is only an issue for big companies.

85 to 95 percent of all the companies in the…

Standard of Living Vs. Quality of Life

Why does Dave Ramsey say that "Cash is King"? The "King" is the one who maintains the Kingdom. Maybe that is why. Yet, maintenance also requires management, right? And, only people can manage - management requires a degree of care. Care involves attention to detail... Right? Right! So, cash is not my King. I do understand that he means it is smarter to operate directly with cash for the sake of financial management. However, care requires consciousness; and, the quality of care determines the quality of life. Your standard of care influences your quality of life. Both of these together determine your quality of life.

So, what is standard of living?
"Standard of living, in social science, the aspirations of an individual or group for goods and services." This is a biased or narrow explantion/definition of the phrase.

Right now, the most commonly used definition (in a socio-economic-cultural context) of standard of living pertains to consumerism and moneta…

Factoring Basics

Most sales to commercial clients usually carry 30 to 60 day payment terms. This means that as a supplier, you must deliver your products or services now. However, your client has between 30 to 60 days to pay you.

This creates a significant challenge for owners of small and midsize businesses. The problem is simple. Your clients want to pay you in 30 to 60 days, but you must pay rent, payroll and your suppliers now. As you can see, the math does not work. Unless you have a substantial bank account, this leads to an almost impossible situation.

If you are in this situation, it is also very likely that the bank will not be able to help you. As you well know, banks only lend to businesses that have three years of profitable operations and significant hard collateral. If you do not qualify for bank financing, your best bet may be to consider factoring.

Factoring is a business financing tool that helps business owners who cannot afford to wait 30 to 60 days to get paid by their commercial cust…

Entrepreneurs Find New Way To Finance Dream

Statistics show that more than one million people in the United States start a new business each year. That number would be much higher if all the would-be entrepreneurs had the financing required to get a business up and running. In order to accomplish their dream of business ownership, entrepreneurs are finding new and innovative ways to finance their new ventures.

According to Leonard Fischer, President/CEO of BeneTrends, one of these financing options is the use of a person's existing retirement funds - a pension, profit sharing, 401(k), IRA, etc.

Under the Employment Retirement Income Security Act (ERISA), retirement funds can be transferred into usable capital for business investments or operations. If a person has more than $40,000 in a retirement account and is not currently employed by the company that holds those funds, he or she qualifies for this Small Business Administration (SBA) - recognized financing approach to start a business.

Retirement funds can be used fo…

Do Not Get Above Your Business

There is no greater mistake than when a young man or woman believes he or she will succeed with borrowed money. Why? Because every man's experience coincides with that of Mr. Astor, who said, "it was more difficult for him to accumulate his first thousand dollars, than all the succeeding millions that made up his colossal fortune." Money is good for nothing unless you know the true value of it (understand that money is merelya form of currency - and there are several forms of currency. Also, money as we know it is Fiat Currency. Which means it only has the value man assigns to it. It has no intrinsic or inherent value and no commodity-backed value).