Budgeting Essentials

Do you find yourself reluctant to update your pricing because you are afraid you will lose customers?  While you need to be aware of the market value of your service, your pricing also needs to reflect the value of what you are delivering.  If you are delivering above average services, you shouldn’t be charging bargain basement prices.  Learn more in this week’s blog.

When you are on your Debt Relief Journey, you will come across people who don’t understand what you are trying to accomplish.  They are often the ones who have big plans, but never seem to follow through on them.  They may even be friends and family members.  Learn how to deal with them in today’s blog.

Today is the day. The only day. Tomorrow is not here and never will be. When tomorrow does come, it won’t be tomorrow, it will be today.  So, make the most of today.  Do things today that will bless you, your family and others moving forward. Learn more in this week’s blog. 

Do you find yourself resistant to change because you tried something and it didn’t go well?  You need to examine your procedures periodically to make sure they are efficient and effective.  You don’t want to limit your cash flow by using outdated procedures that cost you extra time and money.  Learn more in this week’s blog.

Wanting something does not mean that you are willing to do what it takes to achieve what you want.  What do I mean?  Some wants are simple to obtain, while other wants take time and discipline to obtain.  Learn more in this week’s blog.

Are you limiting yourself with your thinking?  Do you undervalue your services?  These are things that will limit your growth and your cash flow.  Learn more in this week’s blog.

Maintaining a healthy physical lifestyle is far more than just a noble pursuit. A healthy body can mean a healthy mind and healthy relationships! Learn more in this week’s blog to discover 5 simple ways to improve your physical health…

When you don’t do your books regularly and don’t have a well prepared budget to remind you of your upcoming expenses, you don’t really know what you have available to spend.  If you have an annually billed payment coming up next month, you don’t want to spend the money this month on something else that could have waited.  Your budget helps you remember these expenses..  Learn more in this week’s blog.

The way we think and believe, the people we hang out with, the movies we watch, and the books we read all profoundly impact our words.  Our words can also help or hinder us on our Debt Relief Journey. Learn more in this week’s blog to discover 4 tips for guarding the tongue…

Failing to keep financial track of your business on a monthly basis is another financial reason that many businesses fail.   It is important to do your books every month when you are in business.  This is a function that many small business owners wait too long to seek help with or overestimate their ability to complete.  You can’t make good financial decisions without knowing the state of your finances.  Learn more in this week’s blog.

The leader of an Antarctic expedition asked applicants if they could sing. The reason for his question revolved around the high priority he placed on maintaining morale in the face of danger and severe conditions.  This also applies to your Debt Relief Journey.  Learn more in this week’s blog.

Failing to plan properly is another financial reason small businesses fail.  This sounds like a non-financial reason, but it has a big financial component to it.  If you don’t take the time to develop a well prepared budget, you haven’t properly planned your finances for your business. Learn more in this week’s blog.

There is always some measure of success in persistence. But giving up offers none. Regardless of the outcome, persisting through tough times and overwhelming odds becomes part of your victory.  Persistence is especially important when you are on your Debt Relief Journey.    Learn more in this week’s blog.

One reason small businesses fail is that they don’t have enough money to get themselves through the start up period.  You need to properly anticipate how much money you are going to need to get your business off the ground. Learn more in this week’s blog.

Stress is one of the leading causes of stroke and hypertension in our society. But stress isn’t always a dirty word! We need a certain amount of stress in our lives in order to function well. For instance, a desire to eliminate our debt; the drive to excel in life; and the practice of goal-setting and goal-completion all impose a level of stress on us that is good and productive.  Learn more in this week’s blog.

 Many software companies are moving their software to the “cloud”.  They use convenience as a big part of their sales pitch.  But is what you give up in security worth the “convenience” of having your financial information in the cloud?  Learn more in this week’s blog.

Are you so fixated on a goal that you’re missing the journey? The journey is where we experience life, where we build relationships, and where we learn. Learn more in this week’s blog.

Most people think of budgeting as an end of the year activity.  But the best way to create a budget is to collect your budget information as you are going through the year.  Learn more in this week’s blog.

Recently, American consumers hit an all-time high of more than $1 trillion in credit card debt! That’s scary! Total debt, including mortgages, auto loans and student loans is also at an all-time high. Debt, while seeming to satisfy an apparent and immediate need, later denies us future financial freedom.  Asking the right questions can help you avoid more debt. Learn more in this week’s blog.

Box office hits make money. You may think you are making money, too.  At least that is what your income statement says.  That is good if you have included everything you should have included in the income statement.  But... have you done that?  You can know for sure how your business is doing when you have a well prepared budget that you compare to your income statement.  Learn more in this week’s blog.