People tend to fall into 3 different categories of how they view money, which ultimately impacts how they manage it. How important should it be to you? Love of money/materialism: Thus is the most extreme view whereas you practically worship money. Earning more and obtaining more just to earn more and have more. It can […]
Expenses
Why Everyone Should Start and Run a Business Even if it’s Just Part-Time and Temporary
Why should everyone start a business? Because it will completely change the way you see the world, view people, money, and everything else. Not to mention that it will humble you. Just to be clear, not everyone should be a business owner full-time or for the long-haul. However, by starting a part-time business or even […]
How and Why to Strengthen Your Personal Finances to Increase Profits
Most people view their business to be a completely separate entity from their personal finances, and rightly so. This is generally true from a legal, tax, and accounting standpoint, whereas your business operations and finances should be separated from you personally. However, most small business owners are completely dependent upon their business to support them, […]
What is the Best Type of Business to Own?
What’s the best type of business to own? One that makes money of course, but let’s dig a little deeper . . . Simple: The more complex a business is then the harder it is to operate. For example, if your business requires the talents of very technical people, then this complicates the delivery of […]
Cost of College = $1,000,000?
If it costs approximately $30,000 per year to attend college, although that figure can be much higher, then the cost of college for my children will be over $1,000,000 when the time comes, especially as rates keep on rising. In case you are wondering about the math, here it is: 7 children times $120,000 (for […]
Don’t Be Embarrassed if You Have Financial or Tax Problems
There is a stigma attached to having financial and tax problems, but it doesn’t have to be that way or it may make the problems worse. Sometimes these problems develop as you become more successful, which easily happens with both celebrities and business owners. Other times they develop due to a quick downturn in business, […]
Is a Franchise Right for You?
McDonald’s, Subway, and Chick-fil-A all have one thing in common – they are franchises with proven track records. But is a franchise right for you? Let’s look at the pros and cons: Pros: Proven model of business success: Established franchises have a proven model of success that makes it easier for you to be successful. […]
How Does Your Work Reflect Your Dignity as a Human Person?
My priest, Fr. Roy Regaspi, has granted me permission to post this article that he wrote for our church bulletin. Pope John XXIII in his 1961 encyclical Mater et Magistra (Mother and Teacher): Human work is “an expression of the human person.” Pope Paul VI in his several encyclicals began emphasizing the theme that work […]
Say “Hi” to Your Customers
When I was in college I worked at the now defunct supermarket chain, Grand Union, as a cashier. I really didn’t want to work there at first, but working there helped to pay for all of my expenses while attending college. Thinking way back, I remember that when customers came in line I usually didn’t […]
Focus on These 3 Areas to Multiply Your Business Success
Having a business is not easy, and even successful business owners know this. But what is the secret to running a successful business and multiplying your results? You must focus on these 3 areas: Operations: Operations is a very broad category, but it can be viewed as any activity that supports or creates and delivers […]