My Business Grows Bigger

The best way to know the secret in winning is to look at the characteristics of all-time winners. And when I say winners, what I mean to say is people who are considered successful in their chosen profession. If you will notice, all these winners have one thing in common and that is their good feeling energy. They feel good about themselves and they somehow have this special talent of transmitting good energy to other people. My boss used to tell me that you cannot give something that you don’t have. It’s hard to get encouragement from someone who is discouraged. In the same way, it’s impossible to radiate positive energy when you have a bunch of negative baggage inside.  There is truly a strange connection between feeling good and winning in life. And this connection has been one of the underlying premises of all the inspirational books of all time. In fact, the link of feeling good and success have been ancient mystery. In fact, when I first realize how feeling good helped ...

People from different race, religions, educational backgrounds are all striving and working everyday for that one goal of having more. Having more money, more happiness, more satisfying life or maybe just more meaning to their existence. But what does it really take to have more? How do people really define it and how to actually achieve it? Or maybe the right question is, do people really stop from wanting to have more? Truth is, it’s human nature to always want for more. Maybe this is one reason why many people live a frustrating life. Maybe the very moment that people stop from wanting to have more is the moment that they have achieved their own definition of success. So here are the tips that may help you “have more” in whatever areas of your life. 1.Precision. It’s no question that people want more from life. People want more money, a better job, a better car, a better house but they aren’t really very precise. When I spoke to young professionals last year, I asked them...

“The rich and poor have 24 hours a day; the only difference is how they spend it.”--- this was a quote I read somewhere and it made me wonder. People can have the same education, acquire the same skills, but earn different income. I personally refuse to believe in fate for I believe that people are responsible for the life that they create. However, in my own opinion, it’s hard to classify people in two categories only; rich and poor. Just like how success is different for everyone because what is satisfying for one may not be as satisfying for others; categorizing people is not as easy as classifying them into two.  In fact, even poor people has buying power of designer’s clothes and other expensive stuff. However, it doesn’t mean that they are financially independent. The way I observe it, there are 3 kinds of people; the common, the average and the brilliant. These three have different attitudes when it comes to spending habit, decision making, dealing with problems, and li...

According to the genius and multi-billionaire investor Mr. Warren Buffet, there are only two rules in making it to success; “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” This is also one thing that most of new entrepreneurs miss. They basically think that having enough money to start up a business is enough. Having a limited fund often results to business failure. Aside from having the initial capital, the business needs to have its own cash in the bank to sustain and support the business. Business should be independent and not just an extension of your personal finances. However, if you’re not into business and you want to achieve financial independence, you have to work twice as much being a regular nine to fiver. It’s not really very easy to have a handy cash when your salary is just enough to cover all the dues. It’s not easy but it’s possible. If you don’t really want to lose your money, then you have to adjust your expenses. You have to learn to live ...

When the business is at its critical stage, there are two things that business men do: cost cutting or loss cutting. I have explained in the previous article about the cost cutting and there are many ways to actually do it. However, if you think that the business can’t sustain itself anymore, then it’s best to cut your losses by closing your business. Here are some questions to help you weigh up your decision of possible business closure. 1. Surviving or Suffering? If the gross income that the business generates is just breakeven, then the business is not surviving but suffering. You may also adjust your price but if you are having a very limited resources, it will not promise a total business turn around. In this case, it’s best to consider of closing your business than to waste time, energy and money trying to revive it. Unless you see a business potential and you figure out a way on how to utilize that, then you may also give the business one more try.  2. Expectation ...

So, you have started up a business and you are on the dry run stage. However, for some reasons, you think that the business is failing because the gross income is not even enough to cover the business’ expenses. If this is your situation, my honest opinion is yes, you must be right. Your business is probably in a bad shape but it doesn’t mean you can’t revive it anymore. Just like you, I have gone through a lot of lows and highs to my businesses in the past. And to be honest, it was not just one or two failures. I’ve tried a lot of businesses, strategies, and it took awhile before I finally master a few business principles but it was a long journey and I am still learning to date. Here are some ideas I can give about reviving a what it seems like a ‘ failing business.’ 1. Cut Expenses. There are many ways to cut your expenses. From a simple reduction of paper use and energy conservation, to cutting of what costing the business the most, marketing, staff and supply costs down to t...

It’s never a hundred percent sure to succeed when it comes to running a business. Truth is, no matter how original and unique your business idea is, a bump in the road is something inevitable and we can never be totally ready for. Eric Lefkofsky, CEO of Goupon, said one time in Chicago Ideas Week that failure is part of the journey. In fact, he stressed out that when it comes to business, it’s never really win or lose but win or learn. Having said that, it’s truly important to have some ideas of what to do in case the business is heading for a possible failure. So, what is the number one hint when a business is failing? First of all, you have to determine the current status of your business before you even conclude that the business is failing. Below is a business’ progress model that I made to help you determine the stage of your business to help you analyze the possible solutions.             Now, you have to analyze in which particular ...