Monthly Archives: August 2009

Do You Have a Business Plan?

If your business doesn’t have a business plan then it is in your best interest to create one.

I heard about a study recently of 1600 businesses conducted over a 25 year period about how they used business plans. 70% of the businesses surveyed had no written or verbal plan of any kind, 27% of them had only verbal goals, and only 3% of them had their plan written down. What you need to know is that 98% of all the wealth in those 1600 companies was held by those 3% that had written goals.

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Loral Langemeier’s Cash Machine Workshop

My wife and I spent the past three days as volunteer staff at Loral Langemeier’s Cash Machine Workshop in Atlanta and had an absolute blast.

If you don’t know who Loral is, then you need to find out about her now. She is the Millionaire Maker and she teaches people how to become millionaires in three to five years. She has several best-selling books, cd programs, a radio show and live events. Her remaining Cash Machine Workshops for 2009 are in San Francisco, Los Angles, and Seattle.

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Asset Diversification

Diversifying your assets can save your retirement.

If you know anything about the stock market, you know that the experts say that you need to diversify your stock portfolio.  You have a better chance of making money if you have it spread out over multiple companies in multiple sectors.  That way you are insulated from the risk of something happening to one company or even a whole sector.  If you remember the Enron scandal then you probably remember hearing stories of people losing their entire retirement savings because it was all invested in that one company.  You may also remember the “Dot Com” bust when that entire sector took a huge dive.  Mutual funds are a great way for ordinary people to diversify their stock holdings because they provide a single place to invest money that then gets invested in a broad sampling of companies that have been selected by an expert.

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Regular Training is Critical to Growing Your Business

It is absolutely critical to get regular training if you are involved in a business.

If you have ever studied personal growth then you have probably heard that if you aren’t growing, then you are dying. That is very true. If your business isn’t growing then you will soon find that you have been left behind by the other businesses in your market. Things are always changing, new technologies and methodologies are constantly being introduced. A regular training program is the best way to keep up with everything that is going on.

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