You’ve been told to work hard, save money, get out of debt, and live below your means. That advice is obsolete if you want to get ahead in life. Robert Kiyosaki argues these exact points in his new book, Rich Dad’s Increase Your Financial IQ.

Which is the latest volume in Kiyosaki’s popular “Rich Dad” series of books – two books include: Rich Dad Poor Dad, and Rich Dad’s Cashflow Quadrant.

Robert T. KiyosakiThese best-sellers have motivated many people (including my family) to take control of their financial lives. Both of these books have been summarized for you here.

Here’s My Rich Dad’s Increase
Your Financial IQ Book Summary!

Financial Intelligence

“It is not real estate, stocks, mutual funds, businesses, or money that make a person rich. It is information, knowledge, wisdom, and know-how, a.k.a. financial intelligence, that makes one wealthy.” – Robert Kiyosaki. 

Kiyosaki divides financial intelligence into five “Financial IQs”:

  1. Making more money. This is measured by how much money you earn. If you make $120,000 a year, you have a higher Financial IQ than someone earning $40,000 a year.
  2. Protecting your money. Once you earn your money, you need to hold onto it. So you need to protecting your money, especially from taxes.
  3. Budgeting your money. “Being able to live well and still invest no matter how much you make requires a high level of financial intelligence,” Kiyosaki writes. This Financial IQ is measured by how much money you have left after expenses.
  4. Leveraging your money. This Financial IQ is measured by return on investment. Answer this: How well do you make your budget surplus generate more money?
  5. Improving your financial information. Financial information doesn’t just mean knowledge of basic financial concepts, but also means detailed knowledge of the investments you make.

Most of the book is devoted to exploring these five aspects of financial intelligence in detail.

Financial IQ #1: Making More Money

Many people fail to acquire wealth, Kiyosaki says, because they want the money without the work. He writes,“What many people do not realize is that it’s the process that makes them rich, not the money.”

online profits in bags of money

It’s by learning to make money that you can continue to make money.

In order to make money, you must also learn to control your emotions. You must learn to defer gratification. Don’t sacrifice your financial future for a few bucks today.

According to Kiyosaki, the key to making money is learning to solve problems. “In order to grow wealthy you must come to terms with the fact that problems will never go away,” he writes.

Identify the problems preventing you from wealth, tackle them head-on, and the money will follow.

Financial IQ #2: Protecting Your Money

Once you’ve begun to make money, you need to protect it from the 7 financial predators.

  1. Bureaucrats — We need to pay taxes, but it’s our job to (legally) pay as little as possible.
  2. Bankers — Banks are constantly trying to siphon bits of your money in the form of fees. It’s important to watch out for and protect against this.
  3. Brokers — Like fees from brokers they can chip away at your wealth. He cites brokers who “churn” accounts, buying and selling stocks frequently in order to generate more commissions.
  4. Businesses — “All businesses have something to sell,” Kiyosaki writes. As their job is to part you from your money; yours is to keep it. He suggests asking yourself whether any particular purchase will make you richer or poorer.
  5. Brides and beaus — Money plays an key role in any relationship. You must trust your partner, must reach an understanding about finances.
  6. Brothers-in-law — Here, his point is that in order to protect your estate from family members you don’t intend to share it with, you need to plan for your death.
  7. Barristers — Finally, it’s important to protect yourself from legal difficulties.

Even though Kiyosaki lists seven possible pitfalls, he offers little practical advice for coping with them.

Financial IQ #3: Budgeting Your Money

million-dollar marketing on a budget

There are two ways to solve a budget crunch: decrease your spending or increase your income. Either will erase a budget deficit, but Kiyosaki believes (as I do) that in the long run, increasing income is a better solution.

Kiyosaki explains that it’s important to think of a budget surplus as a fixed expense. If you decide to save 10% of your income, then make this ten percent a fixed item in your budget.

Treat it just as you would any other bill. Pay yourself first. It’s also important to refuse to live below your means – instead increase your means.

Financial IQ #4: Leveraging Your Money

leverage moneyI found this chapter to be the longest and most frustrating chapter of the entire book. It represents the core of Kiyosaki’s financial philosophy. However it’s not presented in a way that makes it relevant to the average person.

Leverage — borrowing money to increase the power of your own cash is good. If you have the financial intelligence to control the investment. But if you’re not in control of the investment, then leverage is risky.

“Most of the people being hurt by the real estate meltdown are people who were counting on the real estate market to keep going up and increasing their home’s value,” he writes.

They borrowed against their home’s inflated value, however had no control over whether the housing market rose or fell. This is a lack of financial intelligence.

Kiyosaki argues that one should use leverage to make low-risk investments, investments in which you, as the investor, have control. This sounds great, but he doesn’t provide any relevant examples.

He only discusses his recent purchase of a 300-unit, $17 million apartment complex in Tulsa, Oklahoma. I don’t know about you but I do not $17 million to invest into one investment. The average person might only have $17,000? or even $1,700 to invest with right now?

So we are left wondering at the end of this character on how does the average person make leverage work for them?

Financial IQ #5: Improving Your Financial Information

Financial Tools for Small Business
In order to improve your financial information, it’s important to:

  • Separate fact from opinion. Many gurus are happy to offer their opinions — “gold is going up!” — but it’s foolish to make financial decisions based on these. Base your decisions on facts.
  • Verify information. Don’t trust just one source of information, but seek confirmation from other parties.
  • Know the rules. If you don’t understand how an investment works, don’t make it. “Rules provide a valuable source of information about how the game of money is played,” Kiyosaki writes.
  • Understand trends. Trends are historical facts. Smart investors can use trends to make informed decisions. However, it’s important to note that trends do not project to future facts. Only to opinions about possible futures. Still, trends are valuable sources of financial information.

“Ultimately,” Kiyosaki writes, “it is not the asset that makes you rich. Information makes you rich.”

Though an overview of the five Financial IQs forms the bulk of this 200-page book, it’s actually the last fifty pages that hold the most value. Where Kiyosaki discusses “the integrity of money” and explains how to develop your financial genius.

Financial Integrity

I like the idea of Rich Dad’s Increase Your Financial IQ. The book fills a niche about which little has been written.

It’s motivational. It’s a breath of fresh air and offers a perspective often missing in personal finance discussion. I also like that his writing always motivates me to action, pushing me to pursue my goals.

However, there is #1 Point I Really Do Not Agree With…

Robert T. Kiyosaki

Diversification isn’t a hoax, or a scam. Other than Kiyosaki, it’s embraced by most financial authors I’ve ever read or heared about.

Diversification is a central belief of the modern portfolio theory. It’s backed by facts, not opinions.

In the book Kiyosaki says “The richest investor in the world, Warren Buffett, does not diversify.” His implication is that you should not diversify either, but that’s completely counter to what Buffett believes.

Warren Buffett quote make money while you sleep

For 99% of all investors, Buffett recommends diversified index funds. So It’s duplicitous of Kiyosaki to pretend otherwise.

I hope you enjoyed my summary of Rich Dad’s Increase Your Financial IQ. If you would like to read it yourself you can get a copy here.

As always with Kiyosaki, there were more golden nuggets of information to be found in his book to really get you thinking.

If you want or need any help connect with us on one of our social media platforms or just Messenger us (Private Message Us) on our Facebook Messenger link – m.me/EasyOnlineBizSolution

I will leave you with this message: ‘if you do what you love – money will follow.’

Talk Soon,
Nicky Cane

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You finally have a stable stream of income or fairly high paying job. You’re earning enough money for right now. You’re working hard and are now thinking about being set up for an early and comfortable retirement.

Investing into business could be the thing.

Yet, your mind is full of ideas but doesn’t what to invest into. Of course, you are taking consideration that you don’t want to lose all your hard earned money.

Thus, it’s time to hire a financial advisor.

Now choosing the right financial advisor is vitally important to your financial well-being. The stakes are high when you open your finances to a third party, so do your due diligence…

As this is someone you will be trusting with your investments, and your money for retirement in most cases which makes it a high-stakes decision. It’s a decision that you need to think over a lot of times as you require someone who you can trust with your money.

Taken into account that there are a lot of choices in the market with different expertise and qualifications, so who do you want to choose?

Let us help you narrow down the search when choosing the right financial advisor – here’s the checklist for you to go through before hiring one.

1. Run a Background Check on the Financial Advisor

Request for Background Check

Do a background check and make sure that they do not have a criminal record. It is better to be careful as you do not want to hire someone who had cases filed against them – especially if they are financially related.

2. Review Qualifications

“As a consumer, you should understand what qualifies the person advising you to give such advice, and how much work it took to allow them the ability to do so,”
– Kelly Campbell, founder of Campbell Wealth Management.

How do you make sense of the alphabet soup in financial advisor designations?

Do your homework, and find out which titles, such as certified financial planner, offer the kind of expertise you’re looking for. Many designations sound impressive, but they don’t require more than a couple of two-hour classes.

3. Ask to See Evidence of Past Client Successes

quarterly reports and proof of successes

Ask the adviser about their typical clients. This will help you judge whether they are experienced in dealing with people who have similar issues and goals to you.

For example, are the adviser’s other clients planning for retirement or are they young families wanting to save for their or their children’s education?

Ask to see an example of a quarterly report.

Ask the advisor to provide you with an example of a client’s quarterly report with the name redacted. Ask the advisor to walk you through each line, explaining the rationale behind the asset mix and the results.

If you were thinking of hiring a caterer, you’d try the food first, right? Along the same lines, it makes sense for an investor to see an example of a financial advisor’s work before hiring him or her.

4. Read the Entire Contract

Financial Advisor and Business Contract

Before engaging yourself in a contract of agreement, you should always have the understanding of every clause in the document.

Read the fine print…

Examining such clauses is like focusing on a prenuptial agreement. A splash of reality hits you the moment you are ready to choose someone you think will be a good fit.

Does the advisor include a mandatory arbitration clause in his or her contract?

Read the contract to find out if the advisor indicates if you’re willing to invest in speculative investments, for example. If you sign that piece of paper, you may not have a defense if you pursue arbitration for mismanagement of your portfolio.

Remember, anything can happen especially when it involves money matters so you should always have some reference to support your claims if ever you get to the point that you will pursue legal actions.

It’s best if you consult a lawyer to proof read the entire contract and to fully explain to you all the terms and conditions that you are about to sign.

5. Ask for an Fiduciary Pledge

A financial advisor takes a fiduciary pledge where they agree to act in the client’s best interest at all times.

A registered investment advisor, who is held to a “fiduciary standard of care”, looks after the assets of another person on that person’s behalf. They are fully transparent and required to disclose any potential conflicts of interest.

6. Consider the Pay Structure

In a perfect world, the way your financial advisor is compensated wouldn’t affect the quality of advice you receive. But since that’s not a reality, us as investors must understand how money motivates advisors.

Buyer with Cash and Piggy Money BankThe pay structure of financial advisors can be either be fee-based or commission based.

Commission based financial advisors can have less radical motives to drive a certain fund if they are getting a cut from that investment.

Advisors paid on commission must meet a suitability standard, meaning they must reasonably believe any recommendations made are suitable in terms of the client’s financial needs, objectives and unique circumstances.

Fee-based advisors have their own motives too if their earning a percentage of your annual assets. They might not be willing to advise you to have a better investment moves that would affect their fee to decline.

So really the difference between these two pay structures is the motives of the advisor that’s earning from the investments they make on behave of their client(s).

It would best to consider advisors who charge on an hourly rate if you are still starting out and you still have less assets. They are those who are likely to take care of your finances as they are still trying to impress you with how they handle in helping you invest your money properly.

7. Find an Attentive Advisor

Attentive Financial Advisor

In the world of work, providing professional service should be accompanied by good customer service trait. Of course, you wanted to have a financial advisor who attends to your needs.

One who picks up your calls, return our emails, and keeps you updated with your financial activities.

If you have this kind of advisor, they probably would try to gain your trust and so you would be very happy to keep them for a long term basis.

8. Make Sure You Understand Their Language

In a financial industry, there are a lot of terminologies and concepts that are confusing. It is the role of the financial advisor to explain to you those terms and make you understand the situation.

If this role is not performed well by your financial advisor, it is best if you try another one who can do this for you.

9. Determine if the Advisor Can Speak Your Language.

Communicate with Multiple Languages

Investment communication is riddled with confusing terms, big words and complicated concepts. It’s your financial advisor’s job to translate those ideas and terms into language that is both understandable and relevant to your situation.

Do you want an advisor to use financial jargon, such as “secular trend” and “organic growth” without explaining what the terms mean?

If an financial advisor isn’t willing break down these terms for you, it may be a sign you should keep searching for a better fit.

10. Will they Review your Tax Return?

Tax rates are set to go higher. A planner that looks beyond the financial tools and evaluates their effects on tax returns is a smart idea. Then it’s a net-return, not gross-return focus.

Take a Closer Look - Tax Report

An adviser should review your tax return at least annually. This is necessary prior to making informed recommendations on tax subjects.

11. Focuses on more than 1 Investment Product

Many advisers focus on one class of financial tool whether it is banking, insurance, or investment assets.

A comprehensive planner uses a variety of financial products, when warranted. It allows the planning to determine the necessary tools to construct your financial house.

Financial Advisor - Investment Products

There is not a one-size-fits-all in a holistic approach. Watch out for a salesperson who recommends the same solution for every client.

If your recommended portfolio is made up of just one type of investment, for example all mutual funds or all annuities…run. Nothing screams “product salesman” more than a financial adviser that offers the same advice to all clients.

12. Do They See Your Big Picture?

Get Setup for Early Retirement
Comprehensive planning is more than just maximizing investments.

It is coordinating your investment portfolio with other important factors such as your overall income plan, your tax plan, and your estate planning that will ultimately decide your best approach to retirement planning.

Find a comprehensive retirement planner who can design the best unique plan for your situation and retire securely. They must know what you want to be doing when it comes to your golden years.

In the end, it is still up to your determination to find the best financial advisor to help you with your financial investments.

You need to know what you want, identify the core values you wanted your financial advisor to possess. Always keep in mind that you need to consider the quality of performance of the advisor that you will hire. If they cannot meet what you expect, try to look for another one.

Avoid settling for someone just because they have low cost. You might want to extend your budget for their fee if you want to get the best of what you want.

Remember, aim for those who are efficient and effective with their job.

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In information marketing business you position yourself as an expert on a particular niche in the world of where people experience information overload almost daily.

Everyone on the Internet today is looking for one information or the other and this place you in a position of providing such information and then profiting from it.

Big companies like Google, Yahoo and Facebook are in the business of information dissemination and by this they are profiting wonderfully with it.

Let’s talk about why you’d want to build an information marketing business.

There are SIX big advantages of such a business:

1. It Replaces Manual Labor by “Multiplying Yourself” and Leveraging What You Know.

Leverage and Multipy Yourself

Whether you’re working for someone else or you’re a professional selling your services by the hour or by the job, you’re being paid for what you produce. The moment you stop producing, you stop getting paid.

Trying to multiply yourself by hiring employees to increase the amount of product you can sell is also full of hassles.

Employees leave and take clients with them. You have liability issues even if the employee does a good job. There are hundreds of ways an employee can get a business owner into trouble. The work and the aggravation never ends.

Your-Dream-Business-Automated-Done-for-you-300-sqWith an information marketing business, you create a product once, and you’re done. It takes a lot of work to create the product, but you can sell it many times, often over a period of several years, without having to do any additional work.

Running an information marketing business is a terrific way to multiply yourself in a way that few other businesses allow.

2. Buyers of Your Information Products Will Buy More.

The people who buy your information product will buy other information products from you. Whether they’re products you create yourself or products you license from others it’s up to you.

StrikeYou can additionally partner with different information marketers to sell your merchandise or pay them to design merchandise for you.

Once you find a customer who wants information about a particular subject, that customer will continue to buy information from you on that subject.

By encouraging repeat business you are further leveraging yourself. You do this by spending a certain amount upfront to identify potential customers and sell them your information product. That first product can then be used to sell them other information products.

Once you’ve gotten a customer, you’re going to be able to sell that customer many things as long as you continue to provide high-quality information at a good price.

3. A Small Amount of Interaction with Buyers is Possible.

One of the best things about the information marketing business is that very few customers insist on coming to your business location to buy your products.

This means you can work at home and you don’t have to worry about customers showing up at your door to buy your new product. You can create products and sell them online from your beach home or as you vacation around the world.Number 1 in the World

As long as you’ve got a way to create a product, you don’t have to be in any particular location for people to buy it. Not only is this exceptionally convenient, but it helps you get into this business with very little overhead expense.

4. Few Staff Members are Necessary.

The information marketing business is a terrific business because you don’t need a lot of people to run it.

Many info-marketers have no employees and instead pay an independent contractor to help maintain the customer database, ship products, and handle customers’ questions.

This is known as “outsourcing.” You can literally operate a business that makes well over $1 million a year with very little staff and very little operating overhead.

5. It Takes Just a Small Investment to Get Started.

The information marketing business doesn’t require a lot of equipment, fancy offices, furniture or multiple computers. It doesn’t require special licenses (in most cases) or special education or degrees.

Buyer with Cash and Piggy Money Bank

You just need to leverage the information you already know. How?

By identifying a market of people (niche) who are excited about the information you have, creating a product those people want, and offering it to them in a persuasive way. That’s why you can get into this business with a low startup budget.

Of course, you must be willing to put some money on the table to find potential customers and market your product to them. If you try to do this business without any investment at all, you’re certain to fail.

6. There’s a Large Profit Potential.

Many info-marketers are earning hundreds of thousands or even million-dollar yearly incomes through their information marketing businesses.

Affiliate Products

They do this by researched potential customers, found out what those customers wanted the most, and then offer it to them in a compelling way. They don’t stop there they then continue to sell their products to each of their customers until they were making a lot of money and they have created an loyal buyer.

This is a business that’s easily scalable; where you can make it as small or as large as you want. However don’t think an information business doesn’t require work. It does. You’ll have to work hard, just the same as any other entrepreneur does.

The good news is…
That if you put in the necessary work in, you can eventually replace your manual labor by multiplying yourself and leveraging what you know to create new products.

Your customers are aiming to get additional from you in the future. Which means you can run your business with little interaction with your customers.

You can be successful using a very small staff. It takes a small investment, and the payoff can be huge–if you stick with it and continue to develop your business.

We Can Show You How to Make More Money Online Easily and Effectively with Proven Systems and Strategies.

Just Apply for an Online Business Strategy Session Today!

Where we will first we identify your skill level, your wants and desires, by reviewing your Application. There is No Charge to Submit an Application

We are here to help. If you want any help, just Messenger us (Private Message Us) at our Facebook Messenger link – m.me/EasyOnlineBizSolutions

Talk Soon,
Nicky and Dave

Keeping up with the financial side of owning a small business can feel like a never-ending job.

From invoices to expenses to day-to-day accounting and dealing with the Tax Department, it’s a wonder that entrepreneurs ever find the time to deal with actually providing goods or services.

Fortunately, technology has offer a variety of tools to save small business owners time and headaches on daily financial tasks.

Here’s 9 Financial Tools…

1. Budgeting Tool

Creating a realistic budget — and sticking to it — is crucial to your small business’s financial success.

Depending on your accounting software, you may be able to create budgets for your business right there without needing a separate tool. If you do need a separate, stand-alone budgeting tool, you should definitely check out PlanGuru.

planguru budging tool

2. Accounting Software

QuickBooks has long been the gold standard for small business accounting, but online accounting solutions such as Xero are gaining traction in the last few years.

Quick Books & Zero Accounting Software

Whatever program you choose for your accounting, make it work for you by choosing a tool that’s both as robust and as flexible as possible.

The software you choose must these basic accounting tasks;

  • Invoicing
  • Expense tracking
  • Client/vendor contact management
  • Automation of billing and recurring payments
  • Quote and estimate creation
  • Tax preparation
  • Multiple-user access
  • Payroll processing
  • Mobile access
  • Integration with programs such as point-of-sale software, credit card processing, and Google Apps.

For us, we use…MYOB Accounting SoftwareThere’s a reason more than one million Australian businesses trust MYOB. From start-up to grown-up, it’s an business software that actually lets you run a business and will grow with you.

3. Payroll Management System

Payroll management is time-consuming and prone to mistakes. So having a payroll/HR systems like ZenPayroll and Zenefits can help you streamline the payroll process and eliminate costly inefficiencies.Zenefits Payroll Management System

These are just two of many payroll management tools. Frequently these systems easily integrate with other accounting or storefront tools you’re already using.

How much easier can payroll get?

4. Agile Billing

The smoother and more nimble your billing process, the quicker payments will be made and processed — and the faster the cash will flow into your business.

With a quick, cloud-based billing system (try FreshBooks) you can shorten the billing process and even increase customer satisfaction.Fresh Books Painless BilingBy implementing agile billing tools and processes, you’ll both improve customer experiences and shorten accounts receivables delays.

5. Cash Flow Analysis

Whether you use your accounting software’s cash flow statement capability, a cash flow-specific tracking tool such as Float, or a simple Excel spreadsheet.

Float App
Accurately measuring your cash flow on a regular basis is crucial to keeping your business prepared for any financial eventuality.
Cash flow analysis helps you to weather ups and downs in your cash balance by using past patterns in data to forecast your financial future.

6. Inventory Management

Efficiently track your inventory all the way from your purchase of resale items to a customer’s order fulfillment with cloud-based solutions like SOS Inventory.

SOS Inventory LogoIn addition to tracking your goods, these tools can generate sales reports, set up automatic low inventory alerts, and manage order packing and shipping.

7. Business Credit Card

We recommend opening a business credit card in order to:

  • Improve your business credit history
  • Track business expenses
  • Gain access to higher credit limits for business borrowing
  • And receive business-specific rewards and discounts.

Chose a business credit card account with the capacity to easily manage employee cards (with relatively small credit limits). Not only does this system make it more convenient for your business to cover employees’ expenses such as travel, but it also can boost morale.

8. Expense Tracking

expense report tool

Little business expenses such as gas, meals, and cabs add up quickly and are hard to track.

With an expense report tool such as Expensify or Xpenditure.

Where employees can scan receipts or add cash expenses from their mobile devices and upload them; then you can easily import the information for approval, rebilling, expense accounting, and reimbursement.

9. E-commerce and Digital Payment Solutions

Taking Payments for all businesses especially E-commerce is essential.

square credit card transactionMore and more customers expect to be able to pay for products and services instantly (whether using credit cards or from their mobile device). Square, and PayPal are just a few tools to help customers pay on the fly.

Mobile with Card Readers and POS, Point of Sale we have find the SquareUp.com offer a Quick Setup. No Monthly Costs, Get Paid fast with most credit cards.

Set Up a FREE SQUARE Account – Click Here – 

Customers also want to be able to find your business and make purchases online. Tools such as Stitch and Vend make it easy to make sales, whether in-store or from an online storefront, while also tracking inventory, streamlining order fulfillment, and tracking sales data.

Now, you have an assortment of Financial Tools to choose from. It’s time to scale up your existing business and get more leads. Don’t you want more potential customers to turn into lifetime customers?

We know you do.

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We are here to help. If you want any help, just Messenger us (Private Message Us) at our Facebook Messenger link – m.me/EasyOnlineBizSolutions

If you haven’t already, it’s time to streamline your financial management process – so you can get back to your real job.

Talk Soon,
Nicky and Dave

“The journey of a thousand miles begins with one step.”
– Lao Tzu

If you haven’t already. It’s now your turn to take the necessary baby steps towards business success.

While you may have a large-scale idea for a new business, sometimes it’s better to take just a small part of your plan and focus on starting your business on a small level.

If this is your first business, you may want to target an endeavor that will help you build skills without wiping out your nest egg completely.

A business that can succeed on a small level gives you great training wheels for building the experience, knowledge, and competency you’ll need to take your company to the next level.

Taking Baby Steps is the Way to Go

Below are several reasons why it might be your best bet to start small for business success.

Reason’s Why…

1. You’ll Save Money

Starting with a narrow scope of business means you can run it out of your extra bedroom or den. You won’t have to rent office space or furnish a suite.

There are even tax incentives or deductions you can take to save money as you build your business on the small side. If you do need specialized space for your endeavor, you can investigate subleasing space from other entrepreneurs, which reduces costs.
rolling in money lady excited

2. You’ll Need Less Capital to Get Started

Bootstrapping is an effective strategy that allows you to grow into your business and keep initial financial outlays on the low end.

Instead of stressing over technology requirements and phone systems, you can concentrate on creating your sales funnel or refining your product. The fancy phone system can come later (if at all). A lean business structure keeps you flexible and focused.

3. Learn as You Go

When you base your business on a hobby, you can start by making a handful of products, selling them, then growing when you’re ready.

As your business takes off, you can educate yourself in other areas of running a business, creating a formal business structure, managing employees, and meeting regulatory requirements.
Dirty Words

4. You Can Start Today

If you set your sights on a small enterprise, the barriers are lower and you can get going more quickly. You don’t need a huge infrastructure, massive staff, or complete line of products to get started.
Baby Steps to online successYou Have NO Excuse for not Starting Your Business Today!

By doing everything yourself to start off with, you’ll learn all that’s needed to keep your company going. Of course, it’s great to hire out those things that you are not able to do, but if you have direct know-how those experiences inform your executive decisions down the road.

It will also help you make better decisions that impact your customers. While financial investment is necessary to building a business, your sweat equity is just as necessary to growing your endeavor.

6. It’s Simpler to Run

Smaller companies are lean machines and often have higher profit margins because they are simpler to run. There are fewer costs associated with overhead and administrative requirements with a small-scale business, and you can reassess market changes frequently and pivot when necessary.

When big jobs come through, you can team with other small companies or hire contractors to deal with the workflow if it’s more than you can handle.

Slow and steady wins the race.

Start small to test the market. Grow with intention. Sample the cheese before you bet the farm on your idea. When it comes to small business success, the truth is: scaled-down, slower growth companies do just as well as their big sisters.

Baby Steps to Business Success Requires Asking Yourself the Following Questions:

At the end of all of your blood, sweat and tears, what is it that you want to be said about how you used your life and your business to impact the lives of others?

Think about it this way.

  • What is the story that you want other’s to tell about your business?
  • What is the story that that you will tell others to help them “get” what it is that you do, and what it is that so special about your business that warrants their attention.
The Story is all that your customers will take away from you really in the end.

StorytellingSure, they may walk away with some kind of product or service offering.

  • But over time, that product or service offering will fade out of existence.
  • And then…all that they are left with is the story, the memories of what it is that your business did for them

Taking baby steps to business success requires that you take the time to figure out the story of your business, it’s impact, and how it operates to have a defined impact in the lives of your targeted customer audience.

  • Story is a powerful tool in helping you to figure out exactly what it is that you want your business to do, and how you want it to grow.
  • Whether it was good, bad, or ugly…your customers will use the power of story to tell others about the interactions with you.

When Starting Your Business…

  • Know your customer’s wants, needs, desires and frustrations inside and out.
  • Then fervently design your business to meet and exceed their expectations…and then allow them to walk away with a story and an experience that strengthens their life.

This strategy is useful in almost every area of life, and when trying to achieve nearly any goal.

Just work towards one mini-victory at a time and make sure you celebrate each achievement in some small way—a little success goes a long way in propelling us to the finish line.

Here’s to your success in designing a business that customers will absolutely crave!

We have found an all-in-one business platform. You’re given your own website and back office to help you run the business. Plus you get capture pages and training to get the business off and running.
Check it OutEvery time we try to leap across multiple steps in building our business, we land on our butts. If we choose to take slow and steady baby steps and inch along, that way we’ve make good progress.

Usually, when we try to leap, not only do we fail in what we’ve trying to do. But also wasted weeks or months when we could have been taking the steady route.

Raising a child is like building a business (That’s what Dave tells me).

With my (Dave’s) kids, while they were in primary/ elementary school my wife and I (Dave) would have looked to have them got taught calculus, but it’s not realistic. Or while my (Dave’s) kids were in high school, we might wished they skipped TAFE/ college and went straight to a high paying job but it simply doesn’t work that way.

Storytelling

When Building Our Businesses, Why Does the Logic about Parenting get Thrown out the Window?

Imagine These Scenarios…

You can work on a partnership that might grow your sales a hundred times.
OR
You could work on about a dozen small opportunities. That each could grow your business two or three times, and maybe more over time if they gain traction.

What Would You Do?
We know we’ve fallen for the temptation of the big opportunity several times. Most instances, when that happened we wasted months and didn’t get very far at all. Something went wrong.

With some grey hair (Dave), we’ve learnt that exploring many smaller things works better in the long run.

We think the temptation to pursue the “Big Thing” is a part of our business culture. That’s where we celebrate unicorns, and encourage entrepreneurs to create the next Apple or even Facebook.

Sadly, this obsession with quick growth and grandeur often can lead to disaster.

Remember, when a tortoise and a hare are racing, often the tortoise wins the race.

We are here to help. If you want any help in your Entrepreneurship endeavors, just Messenger us (Private Message Us) at our Facebook Messenger link – m.me/EasyOnlineBizSolutions

Get ACCESS to the best FREE tools and resources for entrepreneurs and business people by going to our tools and resource page or Subscribing to our Entrepreneur Newsletter.

Talk Soon,
Nicky & Dave

Although it may sound overwhelming (and expensive) to purchase new technology to improve your business or start an online one.

You probably currently have the largest investment in your pocket already: your smartphone. With an enormous collection of business-focused apps, businesses (especially small ones) can profit from mobile technology easier than greater companies with infrastructures that still rely on older tech or on paper systems.

A recent study shows how reliant small businesses have become on mobile technology. The 2013 AT&T Small Business Technology Poll says 85 percent of small businesses now use some kind of smartphone in business.

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We believe in empowering people to realise their full Entrepreneurial potential to improve their Life Style and Cash Flows. Get the support of TOA Entrepreneurs Community and earn Commissions of up to 50% which could be $2,000 up to $22,000 in Commissions per sale.

If you’re reading this, then you’re probably looking for a legitimate new business to escape the rat race and have more time and freedom. Or you are running your own business currently and want to make it more profitable and spend less time at work.

Do you want to learn to make money online, legitimately without being overwhelmed?

Then you’re in the right place.

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Given the vast amount of information we all encounter in our everyday lives, there is a daily information overload that prevents us from processing what we see and hear efficiently.

Information marketing resolves this problem by making it easy for people to get to the information they want as quickly and efficiently as possible. It features products that are created once and then sold many times.

These products — known as “info products” – include such things as books, eBooks, video downloads, workshops, audio downloads, online educational programs and many other info products. Read more