| article is from your MYB Consultancy for small | | | | comfortably meet the payment arrangements you |
| business owners, in fact any business owner | | | | organise with your lenders. Don’t get caught |
| Online Business Education and Operational Risk | | | | with expensive and unrealistic lending arrangements |
| Management Training | | | | that reduce the benefits you are trying to gain. |
| Financial independence is every small business | | | | 5.Undertake Due Diligence. Thoroughly investigate all |
| owner’s ultimate goal. Getting your mind | | | | your ideas and options before you make a final |
| around the fact that this is up to you will help you | | | | decision about your actions. Learn from your own |
| work out how you will achieve your financial | | | | and other peoples past mistakes and prepare |
| independence. Many people achieve this through the | | | | yourself fully so that you can take thoughtful actions |
| success of their small business. | | | | and make wise decisions. Don’t take risks |
| The only way that you can achieve the success you | | | | without knowledge; take calculated risks like |
| want is to: | | | | successful people do. |
| 1.Focus your Mind. Really commit to your own goal of | | | | 6.Use Advisors. Find someone who knows more |
| financial independence and be clear about what that | | | | about what you want than you do. Don’t fall |
| means to you. This needs to be personal and not | | | | into the trap of getting advice from people who are |
| based on other people’s perception of | | | | less experienced in your interest than you are. |
| what’s needed for financial independence. | | | | Don’t be self conscious about asking lots of |
| Financial independence means different things to | | | | questions of people who know more than you. The |
| different people. | | | | quality of your questions reflects the quality of your |
| 2.Be Disciplined. Without the discipline of keeping your | | | | decisions – did you know that! Successful |
| mind and actions focused you will find that the | | | | people do. |
| distractions and pressures of wanting everything that | | | | 7.Make Plans and have Patience. Planning sets out the |
| is available to you in today’s world of | | | | steps for achieving your objectives. Patience allows |
| abundance, can take you off course pretty fast. | | | | you to follow the plan. Don’t run ahead of |
| Successful people stay on course! | | | | your plans and trip yourself up. |
| 3.Create a “Spend” Budget. Without | | | | If you want Financial Independence you have to take |
| planning for your future purchasing needs and desires | | | | one step at a time along a course that you have |
| it is surprisingly easy to buy on impulse or pressure | | | | planned. Use your business wisely to provide the |
| from someone else. Sticking to your | | | | funds that you need to achieve your financial |
| “spend” budget sensibly will allow you | | | | independence goals. Keep these 7 Points you Need |
| to keep to budget. Make sure you also know exactly | | | | to Know about becoming Financially Independent in |
| what your usual expenses are. | | | | your mind always. |
| 4.Make Sound Financing Arrangements. Most | | | | Business and personal growth is the linchpin for great |
| businesses need to have financial help from lending | | | | business owners. Take advantage of FREE online |
| institutes to provide the capital equipment their | | | | business educations and maximise your Operational |
| business needs to function. Make sure that you can | | | | Risk Management training. |