Showing posts with label Business Growth. Show all posts
Showing posts with label Business Growth. Show all posts

Thursday, July 7, 2016

How do you find a great investment

I was listening to an audio by Robert Kiyosaki on this topic, "How to find great Investments" and I'll like to share with you some lessons.
Some people see saving with the banks as an investment, others refer to mutual fund investments as great investment but to Robert Kiyosaki they are not great. And I kind of side with him a little, knowing where he is coming from. With regards to the Ghanaian economy, gaining 20% to 30% on an investment like a mutual fund could be a great investment considering the effort and time put in it.
The best investments are the ones you can control, according to Robert. And education is what gives you control. The more you know about an investment being it Stocks, Businesses, Real Estate, Options or forex trading etc, the more you have control and the more you stand the chance of succeeding.
In order to be a successful investor, you need to look for VALUE. Yes, where is the value, and then you project the value into the future. How much will this be worth 5 years from today when I fix this or that or make this or that changes?

Real wealth builders should look at starting a business or real estate according to Kiyosaki.

Principles for Investment into Businesses:
1. Know how to read and interpret the numbers. The numbers tell a story and you have to be able to understand the numbers to understand the story. You need to have control over financial statements.
2. Learn the vocabularies involve in running a business.
3. Start small.
4. Note that it is your education that makes you money and not the amount you invessted.
5. Cash flow is key to growing a business. Look for cash flow. It is the amount of money that comes in and goes out.
6. Watch the trend. Know the trend because they impact your business. Some trends could be technology related. Understand the trend and the industry.
7. Look for great partners.

Principles for Real Estate Investments:
1. Invest first for cash flow and then for capital gains.
2. Use leverage when investing.
3. See investments with your mind.
4. Train your mind to see what your eyes cannot see.
5. Invest some time in your education.
6. Make the necessary links.
7. Dont risk your money investing in mutual funds.
8. Pit in the time and the effort.
9. Find a property that is losing money or not making money and make it into one that makes money.
10. The Income of your properties are affected by Your Rent, Vacancy Rate, (look for properties that are being mismanaged. High Vacancy is an opportunity) and finally Other Income (renting out parking space etc)
11. In finding a good investment, one of the first thing to ask yourself is, what's my experience, what are you good at.

Investing is a fun game to play. Start it and enjoy playing.

Sunday, October 25, 2015

Godly Steps to Business Growth and Financial Freedom

"If you're faithful over few things, I'll make you ruler over many things. " - Says the Lord.

"For to everyone who has, more will be given to them...."

One thing you need to know is that, we all have talents and you are a steward of what God has placed in your hands. As a steward, you have to avoid being lazy.
Stewardship in this case involves your ability to trade what you have profitably.
Hard work discourage people from working on their God given talents. Every talent we have comes with grace so remain productive with whatever talents you have.

Profiting with your talents:

● Desire to be a blessing to humanity.
● Nurture and protect your talent.
● Set lifetime compelling goals.
● Set your goals in manageable chunks.
● Get a vision for your life.
● Follow your vision with passion.
● Get obsessed with you vision.

Financial Freedom

To be financially free, you need to:
1. Start counting the cost.
2. Prepare a cash flow statement for yourself. This helps you track every penny that comes or goes.
3. Avoid debt. It can choke you.
4. Avoid peer influence in spending.
5. Be trustworthy. Build trust and Integrity.
6. Be willing to transact business with just a handshake.
7. Establish a culture of saving.
8. Set up an accountability system and respect it.
9. Build a  system to manage adversity. (E.g. Emergency Fund)


LinkWithin

Related Posts Plugin for WordPress, Blogger...