Make the most of being your own boss
When my father was age 90, he was going to the local pub for Sunday lunch. When I asked who he was going with, he replied “20 widows and me” (with a cheeky grin). I said “what, no men ? ” and he said “no, they have all gone”.
This is of course no surprise to anybody, we all know that women live longer than men.
Let us assume that a husband age 68 retires. His wife is 65 so they now both get National super of $27,000 a year. They have a debt free home and have saved $300,000... more
As small business owners we have a lot of perks: if you work from home you can answer email in your slippers, you don’t get stuck in traffic, and nobody steals the “real” coffee from your desk.
But there is one more perk that is often forgotten. Small business owners can have workplace pets without needing approval from management. They can have a dog, cat, pet rat, parrot or all of the above. And research shows over and over that pets in a stressful work environment lower the... more
Are you or any of your colleagues a lifestyle entrepreneur? Those about whom so many hand-wringing articles have been written? Business owners who only grow their business to a level they are comfortable with so life can be a mixture of work, recreation and family?
It's not great for the economy but on a personal level it doesn't sound so bad. However, every business owner in this category has a huge question mark hanging over their head. That is: "When I go to sell the business, what... more
I’m amused by a common reaction: you have a personal trainer? Wow, you must be a professional athlete! Yeah sure, let's not insult the real professional athletes, shall we?
I have a personal trainer because he keeps me motivated. I’m the queen of lazy, a couch hugger who will find an excuse not to get out there and exercise. Which puts me in the “normal” category of the average person: humans were designed to take it easy, our brains appear hard wired to enjoy sleep, good food,... more
What are you going to do when you "finish" with your home business? Do you have an exit strategy? Have you benchmarked the important steps along the way to achieving this and are you working to turn them into reality?
Home business and small business owners generally have a variety of exit options. There is no "right" answer and you will need to decide for yourself which one (or combination) suits you.Will you work until you drop? Will you simply pack your home office into... more
Why not? Because most of us have more than one child, and most of our children will get married and so bring an in-law into the family. It is a sad fact that money causes trouble in families. None of us like to think that our children will squabble over money that we leave to them, but sadly it happens again and again.
None of us need look too far around us to see some of the squabbles, The global financial crisis has made the situation a little worse because some of our children... more
As mortgage advisers (brokers) we meet people all the time who want or need some tools to assist them with managing their money, their expenses and their debt.
Heaps of these people are already very organised and are looking for a smarter easier way to do this while heaps of others have their finances in a complete mess but have recognised the need to get themselves sorted out better and are really looking for an easy way to get started.
There have been numerous concepts... more
Picture this, your alarm screams at you at 5am or 6am. You think to yourself you’ve got a full on day ahead and need to get to work NOW. You skip breakfast and just grab a coffee as you run out of the door or at one of those drive-throughs on the way to work. You get to work and are straight into it. 10 am arrives and you are fading fast, your energy is below low, you can’t think straight and you are ready to eat the first thing that walks past you.
Do you know it’s... more
While we don’t always have control over the circumstances of our lives, we do have control over how we react to those circumstances. Our beliefs shape our thoughts and our thoughts are the stimulus for our actions.
Building a robust belief in ourselves; in our own particular strengths; and in our ability to take appropriate and effective action will help us weather the storms of life; recover from adversity; and strengthen our ability to cope and adapt to change.
What is... more
It is a time to:Review your business’s performance and compare results from the previous year. Celebrate your successes over the past year, and enjoy a few parties! Prepare your business for the year to come, update business or marketing plans and reset your targets. Develop specific Christmas promotions to make it as easy as possible for your customers to buy their Christmas gifts from you. Thank your customers and all the other people you rely on for their support over the past year... more