Due to the high returns Crypto Currency Opportunities can offer. It can be a mind field as it attracts a lot of scammers and cowboys.

You can buy different Crypto Currencies from Bitcoin to Alt Coins (alternative coins). There are thousands of them. Some good, some not so good, some bad and a lot of coins you need to stay away from.

Let’s Look at…
Traditional Business with and without Bricks and Mortar including B2B

Before I start please understand I am not bagging Bricks and Mortar or Traditional Businesses, they are just not for me, and I will explain why.

Fact is I am basically lazy and I want more time for me… and not have my time dictated by a client.

If you have read Rich Dad’s the Cash Flow Quadrant by Robert T. Kiyosaki, you will realise that there is no wrong sector. However, if you can jump to the right side of the Cash Flow Quadrant, then you can create your life. You can have more Freedom with More Time and Money.

Frankly, if you want to start a business OR scale up an existing business it’s not rocket science.

Regardless if your business is traditional or is an online business, MLM or Affiliate Marketing Business Model. You need to understand the W’s.

If you know me, you know I’m fairly frugal. I don’t go clubbing, spend my time shopping, eat in expensive restaurants, or get takeaway very often.

However I do spend my money on a new car and Apple MacBook every 6 years or so. That’s not exactly that traditional picture of frugality. But go with me.

The truth of the matter is that I’ve never been shy about investing in my business. When I first got involved in online marketing, I invested $40,000 of my life savings into training, mentoring and getting fully positioned with a company.

It was scary and I regretted it for a minute or two in those early days. But I always knew that it had to be done that I had to make the ultimate investment in myself, my business and my future if I was going to live the life I knew was within my reach.

Investing in My Business, NOT My Next Hair Colouring …

Financial Advisor - Investment ProductsNow, looking back, I’m positive it was the right decision – that it was the only decision. I’ve kept that investment-first mentality since day one.

But for me, personally? Frugal, frugal, frugal.

Often I go out of my way to find a gas station that costs less per litre. On more than a few occasions, I went so far as to dying and cutting my own hair. I still do it sometimes because I admit that I hate spending money on my hair.

When I stayed in hotels, I’d always opt for the cheapest option available. Then I washed my own clothes in the bathtub or sink. If I could save a dollar I would, happily.

I attribute a lot of this frugality to my parents and my upbringing. I’m the eldest of two, and we grew up on acres with a large number of animals. That came with lots of chores.

From a very young age, my parents taught us the value of hard work and being responsible with our resources and our savings. These were some of the most valuable lessons I’ve ever learned and lessons I’m confident carry with me forever.

Embrace the Spend and the Success

Stop Money From Slipping Through Your Fingers

So back to you and what all of this means as you’re building your business…

My Advice is Simple: Spend Money.

Embrace that you’re spending money. I see too many Entrepreneurs who are too attached to their cash reserves when they first start out. I get it—they’re most likely frugal or just plain risk-averse, which keeps them taking chances. The reality? That mentality holds people back.

In the beginning, I was incredibly frugal, but when it came to investing in my business, I opened my wallet right up. I didn’t think twice about spending.

I wouldn’t spend extra for a professional hair cut and colour, but I’d spend $4,000 without batting an eye. Because you’re reading this article, I know you’ve properly already invested quite a bit in your business.

That’s great. I hope you’re digging in and learning, growing and evolving your mindset and your business best practices so you can gain that critical edge.

But the truth is, I can teach you everything there is to know about Facebook PPC, Email Marketing, etc. We are here to help you, let us guide you through building your Online Business – Just Private Message Us at our Facebook Messenger link.

But if you don’t go out, spend the money and do it, it doesn’t matter.

You’re going to have all of these great concepts and theories swirling around in your brain but nothing to show for it. The money comes when you invest and flip that switch. And it doesn’t come a moment before that.

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And when you DO start investing in your business! Be patient. If you spend $1,000 on advertising and only make $100 back don’t panic.It’s money well spent if you learn and grow from the experience.

Decision Making Style & ProcessIf you can look at that traffic and those conversions. And see what worked and what didn’t. You can then improve your next campaign and make more money on round two.

Keep repeating that pattern, and soon enough, you’ll have high-performing, high-converting campaigns campaigns that catapult your business forward.

So, in short, shake off your money fears and concerns about letting go of whatever cash you have on hand.

Whether it’s $100 or $1,000 or $100,000, be open to rolling the dice and possibly losing a little or a lot. It’s par for the course. You need to test drive what you’re learning and you need to gain the valuable lessons that will drive your business ahead.

Remind yourself over and over that, as long as you learned something, it was money well spent. That’s how I look at it, and that’s how I’ve looked, at it from day one.

That’s helped get Easy Online Biz Solutions to where it is today, and where it will be in the future.

Talk Soon,
Nicky Cane

As an Online Business Consultant since 2000. I share my experiences and insights that will save you from making the mistakes many people make… You will SAVE Time, Money and Headaches!

I have just finished updating my book – How to Pick The Best Online Business.

“Beware of little expenses;
a small leak will sink a great ship.”

~ Benjamin Franklin

If money routinely slips through your fingers …

One of the best things you can do to forever change your financial situation, is to start categorizing your money as it flows into your life.

You put it into different categories, with very specific purposes.
The big mistake most people make in society and why most remain relatively poor their entire lives is because when money does show up, they give it no purpose, and they have no rules or discipline.

It might offend some people to hear me say this, but most people’s financial problems are not a result of them not making enough money.

They’re a result of them being poor money managers of what they have. For proof, just look at how the average lottery winner ends uphere.The Downsides of Winning the Lottery

Most end up broke or going bankrupt, because they’ve never been taught properly how to manage money, and they have poor financial habits.

A simple mistake most people make is putting all their new money into just one category; ‘the money I have available.’

Whether they need money for food, groceries, mortgage repayments, the kid’s tuition, the mechanics bill, etc. It doesn’t matter. The person reaches into their bank account and takes the money out when they perceive a need.

What they should do instead… is categorize their money as it flows into their life.

  • A % of their money goes to an account for everyday expenses.
  • A % goes into an account purely for savings, where there’s a penalty for each withdrawal.
  • A % of their money goes to an account for fun activities and holiday expenses.
  • Another % of their money goes to an account specifically for investments.

I gave my money a purpose. I set up different bank accounts for different purposes.

My main bank account was this saving /investing account.
My other bank account is my ‘everyday expenses’ bank account, and I starved that bank account. Rarely was there ever more than $200 in that account.

Till this day, I still do a variation of the same thing.

Are you where you want to be financially?
Do you feel like there has to be a better way of handling money?

Are you tired of dealing with student loan and credit card debt?

Do you want to invest but don’t know where to start?

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Let’s be honest, when it comes to planning your finances it can seem like an extra chore at best.

Building a solid financial plan is built on uncertainty, fear and confusion in most cases.

In the end, these emotions make you want to avoid planning for your financial future and settle for a life less than. Financial literacy education is a life-long process and requires constant attention.

Talk Soon,
Nicky

Implementing business systems is one of the best things you can do for your company. Today, we will be talking about the benefits for entrepreneurs and small businesses when they perform a systematic approach to their company.

For example, you need a system on “how to handle inbound phone calls.”

Now you must be thinking what kind of moron needs a complete system for answering the phone. Turns out, you are probably the moron for thinking that a system isn’t needed. Every part of your business should have a system in place.

These systems need to properly designed and applied, so you can benefit.

12 Benefits You Will Get If You Implement Business Systems in Your Company

1. Your Company Will Meet and Surpass All Customers Expectations

If you use the systematic approach, you will have a specific marketing system that will have a subsystem to watch the expectations and satisfaction of your customers.

Feedback to Your Customer

This subsystem will analyze, measure, compare and give you possibilities to make specific conclusions about what your customers want, and what they just don’t want but you are doing.

In such a way, you will have constant information about things that will need to be improved and what is more important you will know how to improve them most properly.

2. Forces You to Think Through the Process and Improve It

For example, a “simple” phone answering system addresses key questions including:

  • What customer information should you collect when they call (e.g., name, email address, etc.)?
  • Where should this information be inputted (e.g CRM database, forms)?

MLSP CRM System Banner

  • What other questions should be asked to the customer?
  • Under what circumstances should the customer be transferred to someone else? To whom should the caller be transferred under various situations?
  • Should the call be answered by a live person or immediately go into a calling queue? If live, what hours should it be staffed?
  • How many times should the phone ring before it goes to voicemail?
  • What should the key voicemail prompts be (e.g., press 1 for sales)?
  • What should the voicemail message(s) say?
  • What message should the listener hear when waiting for either a live person or voicemail?
  • What is your company’s follow-up procedure for voice messages (e.g., who will return call and by what time)?
  • What scripts will you use to make sure that customers get compelling and consistent answers to their questions?

In fact, these are just some of the questions that came up in building this system. As you can see, when you focus on this one activity, you are forced to really think through it and make the best decisions.

3. Improved and Consistent Performance

One of the results of the system development process is creating flowcharts that show each piece of the system. These flowcharts are given to all the relevant employees and posted on their walls.

This allows all the employees to follow the proper procedures, giving your company consistent, high-quality performance on the relevant tasks.

Get the SEO Results you Deserve

Imagine what will happen if you don’t have a system that will make the structure of each activity and task for each of your staff members. All your staff members will work differently at each repetition of the job and because of that will also give entirely different results.

Therefore, business systems should ensure quality in the realization of all activities each time with same or better quality than previous.

4. You Will Improve Employee’s Performance

Productivity is the work done for a specified period. If you complete the same job faster, the productivity will be higher.

If any business activity is finished faster than last time your employees will become more and more productive. The productivity will also increase your employee’s performances.

The goal of the system is to enable proper education and opportunities to all staff members to make them able to complete their work more efficiently and effectively.

5. Your Company Will Reduce Costs

If you don’t have repeat activities several times to finish them in the most quality way, you will dramatically cut costs due to fewer mistakes in your company.

Cost Reduction Strategies

All your tasks must be done with the higher possible quality for the first time.

6. Will Increase Profitability in Your Business

Because of all previous benefits we have mentioned here, you will increase the profitability of your company. By improving business productivity and performance you will reduce your costs. 30 Ways to Increase Profit Margins

But, it is not all.

You will satisfy the expectations of your customers, delivering the same or better results every time. You will have a better internal organization and constant problem-solving process. So, you will simply increase the profitability of your company.

7. Helps You to Easily Come-up With and Implement New Ideas

Once you have the system flowchart, it’s very easy to come up with new ideas. Ideas like “What if we bypass this activity and go straight to this?” become common.

And implementing these ideas is simple since you can easily pinpoint which elements in the flowchart are affected.

8. Will Become an Organized Business

The only thing that can provide the quality of the organization in the company is business systems. Without adequate systems, it will be much harder for anyone to organize themselves. Because of that, they will have many difficulties to do their tasks in the way they need to do them.

9. Increases the Equity Value of Your Business

value-vs-priceOnce your company has lots of systems in place, it instantly becomes much more valuable to an acquirer. That’s because the acquirer knows your business will run smoothly after acquisition.

They also know that new hires can quickly be added into the system so they can expand your business. Further, the systems you developed could help the acquirer expand their own business.

10. Quick Integration of New Hires into Your Business.

Does your business plan call for hiring new people? Systems and flowcharts make it very easy for new hires to see their place and roles within the organization and hit the ground running.

11. Your Company Will Solve All Problems on a Consistent Basis

You are designing business systems in such a way so they bring feedback on a continuous basis.

The feedback will send you signals about all possible problems that have occurred. Because of that, you can quickly solve them. Problem-solving process means change for your company, and change is an improvement.

With business systems in place, you will have possibilities to continuous improvement your systems. In such a way, you will also improve your overall company.

12. Allows You the Entrepreneur/ Manager/ Owner to:
1) Take More Time Off, and/or
2) Spend More Time on Higher Value-Add Activities.

Creating systems is classic “working on” versus “working in” your business. Once the systems are created and in place, the activities are performed nearly on auto-pilot. You don’t have to waste time and energy in performing and/or actively managing them.

So, you need to start thinking about every key aspect of your business as a system. For example, do you have a system for:

  • Your Internet Marketing
  • Production and Sales
  • Landing pages that are designed to maximize conversions
  • Handle new leads and build rapport
  • Follow-up – e.g. Phone Calls or Email Campaigns in place based on actions that customers take online
  • Human Relations – e.g. hiring

While building systems takes time and often does not put immediately cash in your pocket. The 12 key benefits above will pay for themselves over and over again and are definitely worth doing.

So, you need only to spend several hours in the next few weeks to set up a systematic approach. Then, just follow the rules, or better-said working procedures as a result of your newly created business systems and improve as you find possibilities for improvements.

So start systematizing your business today!

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

Systems and processes are the essential building blocks of our companies. So get some if you haven’t already!

Talk Soon,
Nicky and Dave

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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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