Hey Money Makers!

Today I want to speak about how to know what opportunities to go for in your business. Now if you have opportunities that present themselves or potential clients in your business and you are not so excited that you want to run and call your best friend or partner.

Then you might want to have a quick check as to whether that opportunity is right for you. Is that actually going to be pushing you forward, is it going to be financially profitable, emotionally profitable for you in your business if you do not have that type of reaction?

Think twice when a new opportunity presents itself.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey money makers!

Today I wanted to share with you how to calculate your cash capacity in your business. This can be a really useful matric.

First of all you need to know what what the balance in your bank account is up to date. What is your current account balance?

Then you’ll need to know what your accounts payable total is (what you owe to others) and what your payroll requirements are over the next 60-days.

What you do is take the cash in the bank and divide it by your accounts payable and payroll due for the next 60-days and that will give you a number.

If the number is between 1 and 3 the business is healthy in terms of cash.

If you get a negative number like -1 your business is not so cash healthy.

If you’re higher than 3 then it’s bloated in terms of cash.

If you’re below 1 then you need to look at a cash management strategy to bring that back into a healthier position.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey Money Makers,

every business is a family business because every business either takes or gives to you family...it either gives money, time and energy or takes time, takes money and/or takes energy.

So, watch how you are building your business and how you want it to interact with your your family and make sure that your business is delivering to your family what you are wanting to deliver.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey Money Makers,

Now those people that are the highest performers in their area (business or sport etc.) they focus on outcomes rather than to dos.

Because the problem is if we focus on a to do we’re always failing because as a business owner our to do list is so incredibly long that by the end of the day we don’t manage to finish it.

That is how I felt when focusing on to dos. So try switching it up!

Focus on the outcomes that you are wanting to achieve. Then think about the outcomes you need to achieve in order to get you to your vision rather than focusing on those to dos and not achieving your desired outcome.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey Money Makers, and today's top tip is focus on the glass being half full!

Even in bad situations if we can exploit the benefits of those then it makes life and business so much easier. Of course, bad things are going to happen in our business because that is life and life isn't always rosie!

But if we can take the good stuff out of the bad stuff that happens then that is going to progress your learning, make your life easier and progress your business going forward as well.

So let’s think of the glass half full!

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Before you invest anymore money in your business you need to get really clear on your vision, and you need to understand where you want your business to get too, and where you are now in order to know where to put that investment.

Too many times I see business owners reinvesting money in their business just because it’s the new next best shiny course that’s just come out online because they like the guru selling it.

So, be really clear on your businesses vision and where you are now and then you’ll know where to invest your money effectively without getting sidetracked by that shiny new course just coming out.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey Money Makers,

we don’t get taught about money in school so what this means for you as an entrepreneur is that you need to be learning about:

→ How money works, and what to do with it when you have it in business.

→ You need to understand how cash flows in and out of your business to ensure long term financial success.

Take care.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey Money Makers!

I wanted to share a tip with you today which is:

When running online businesses we need to get over the fact that not everyone will like us and this might be hard for some personality types because we naturally want everyone to like us.

In the offline world you might meet people that don’t like you and it’s the same with the online world too...everyone that you come across might not like you and quite frankly you might not like them either and that’s ok.

We can still be visible, we can still be out there sharing our message with the world, and helping our clients and prospects in the way that we want because we know we’re helping those that do like us and that is what matters most.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

Hey Money Makers,

if you’ve been in the online world for any length of time you would have heard that difference between working on or in your business.

But if we want to step into a true CEO role within our business and actually step up into that position then we need to move to having that strategy, that working on your business piece as the vast vast majority of our working week having other team members doing the doing piece, the working in your business.

Have a look at your week, look at how you have structured it, and see where are you on that scale of moving towards spending the majority of your time working on your business having others work in the business doing the work and getting the client stuff done.

Evaluate your week, and are you where you want it to be?

Are you moving into that CEO role if that is what you want or are you sticking in the business, doing the work within your business?

Which is completely fine if that’s the role you want to take but it’s all about being aware and conscious of those roles within your business and who is doing what.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

My quick tip for today is one that you may have heard or read before if you're following my content but here it is because it's worth reiterating.

I want you to check your business bank and credit card statements for the last 12 months and I want you to go through those expenses line by line and ask yourself two questions:

Is this expense necessary to keep the lights on in my business; can I operate without it?

Is this expense delivering me a positive return on my investment.

If the answer to the above questions is ‘No’ then you have found a money leaks in your business and you need to get rid of it.

Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/