3 Ways You Can Fix Your Finances IN LESS THAN 13 MINUTES
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- Ever wondered why some businesses thrive while others crumble? In this video, I’ll reveal the fundamental reason why all failed businesses meet the same shared fate, and how you can avoid making those same mistakes. Buckle up, because this is a deep dive you won't want to miss!
Let me be clear - 100% of businesses that fail have one thing in common-they fail to make enough money to keep the lights on. It's the harsh truth of entrepreneurship. While it's tempting to blame a lack of demand or struggles with team building or product-market fit, the bottom line is that if you're not making money, your business won't survive.
Well, I’m not just going to identify the problem; I’m going to equip you with practical solutions. We'll talk about setting crystal-clear financial targets, breaking them down into bite-sized pieces, and monitoring your progress daily. With this roadmap to success for your business, I guarantee you'll walk away with actionable insights that can change the game for you. So, grab a pen and paper, hit that play button, and let's get started on the journey to financial mastery in your business! And don't forget to share your own successful financial strategies in the comments below-we're all in this together!
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How to check my past and present finance position
To evaluate your past and present financial position, begin by collecting and reviewing financial statements, including bank and investment account records. Create a budget to understand your current income and expenses, and review your credit reports for a comprehensive financial history. Assess your debt, investments, savings, and assets, calculate your net worth, and set clear financial goals to plan for the future. Consulting a financial advisor can provide valuable guidance throughout this process.
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Good wisdom- praying about an idea on a new product
You are so correct. We have a lot of businesses living debt to stay open. How I lost my rental properties lost sight of making money focused on improvements instead just getting paid. I have kept doing business companies bounce checks another mistake.
It's important to strike a balance between improvement and financial stability in business. Learning from past experiences is valuable. Keep pushing forward! 💪📈