Archives for 27 Aug,2018

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3 RULES TO LIVE BY IF YOU’RE THINKING ABOUT EXPANDING YOUR SMALL BUSINESS

If you own a small business, one of the most critical decisions you’ll inevitably have to make is choosing how, and when, to invest in the company’s growth. Once a small business establishes a reliable stream of sales revenue, the next logical step is to invest in some form of expansions so as to multiply sales. This expansion usually means spending money on more equipment or resources that make it possible to accelerate operations. While all of this seems like a straightforward sequence of events, small businesses don’t always have the flexibility to invest in growth without facing financial limitations. Which begs the question, what is the right approach to take for small business owners seeking to expand in a cost-effective way? Here are three important factors to consider in order to spend efficiently on expansion:

1.      Do Some Reflection: When a business is brand new, the majority of its owner’s expectations are based on hypothetical assumptions and theoretical projections. With a little bit of experience under your belt however, there’s less need to depend on speculation to make decisions. Study your company’s past performance in order to decide on what works and what doesn’t, then invest in what works. For example, if a certain brand of equipment served you well, it would be a good idea to purchase more of it as part of your expansion. Similarly, if a certain bran! d of equipment ended up impeding performance, replace it with a better alternative as part of your expansion.

2.      Be Strategic About Paying for Expansion: If you’re ready to acquire more assets for your company, buying them isn’t the only option that can gain you access to them. Sometimes it can be more cost-effective to lease, or rely on subscription services in order to take advantage of resources that can boost your business. Don’t be afraid to think outside the box in terms of your window shopping. Take some time to figure out whether any new assets you require should be a long-term investment and then calculate what the best acquisition approach should be.

3.      Don’t Forget to Budget for a Learning Curve: Anything new that is introduced to a business takes time to assimilate into the cycle of operations. This is true either for tangible, or intangible assets. For example, introducing new ideas or procedures requires staff to receive training. Similarly, it takes orientation and practice for employees to gain proficiency using new software or equipment. If you ever decide to introduce something new to how you do business, don’t expect it to take off without a little grace period to get used to the changes.

The ultimate goal of any business, however big or small, is to achieve sustainable growth which eventually leads to profits. Always keep in mind that the growth of your business depends on how tactical you are as an owner. If you take the time to analyze your past experiences, this puts you in a better position to avoid mistakes and capitalize on the positive aspects of your entrepreneurship. If you like what you just read from our blog, you’ll love the various informative workshops and events listed on our website and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Programs Academy for Business Coaching and Leadership Training can help you break past your daily struggles and start soaring in success.

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4 SECRETS TO STOP YOURSELF FROM GIVING UP ON STAYING FIT

The struggle is all too familiar. You’ve been faithfully going to the gym for a while, but for some reason everything feels off all of a sudden. And there’s no obvious reason why. You’ve got your gear on, but it feels tight and claustrophobic. You’ve got your routine set, but the thought of persisting through it makes you cringe with boredom. Even subliminally, you can’t help but drag your feet as you approach the treadmill again because working out has somehow degenerated into a predictable, mechanical chore.

You’re Not Alone:

Everyone experiences fatigue with fitness every now and then. As important as it is to maintain a healthy lifestyle, sometimes it can be a challenge staying motivated to carry on with repetitive exercise routines. It doesn’t help either if you happen to workout at the same gym over and over and over again. Going through the motions in a single environment would make any reasonable person feel dull and uninspired. Yes, the struggle is real, but don’t ever lose sight of the fact that variety is the spice of life. This is especially true when it comes to keeping fit. If you happen to feel stuck in a rut with your physical fitness, here are a few simple ways to introduce an exciting change of pace to the way you keep fit:

1.      Get Some Sunshine:

Just because gyms are packed with sophisticated equipment doesn’t mean that’s the only place to exercise. Scout your neighborhood for footpaths, trails and parks that are suitable for some outdoor activity.

2.      Find Exercises that Need Multitasking:

Gym equipment tends to isolate specific muscles or areas of the body in order to tone them. Taking up a versatile sport like swimming, basketball or tennis is a great way to engage in activity that simultaneously strengthens multiple parts of the body through versatile ranges of motion.

3.      Reward Yourself:

Rather than forcing yourself to toil and sweat without any kind of incentive for your efforts, set specific milestones as part of your routine, and treat yourself to a reward when you reach them.

4.      Use the Buddy System:

Working out with a partner is a great way to keep exercise interesting. It creates conversation and can also inspire healthy competitiveness. It’s always that much harder to let go of a fitness routine once you become accountable for sharing that time with a friend.

The best thing a person can do in order to add variety to fitness routines is think outside the box. Instead of trapping yourself in a cycle of repetitive activities, surprise your body with a completely unusual hobby or activity. Even if you don’t excel at your new exercise, mixing things up is a healthy way to stay motivated about maintaining a healthy lifestyle. If you like what you just read from our blog, you’ll love the various informative workshops and events listed on our website and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Programs Academy for Business Coaching and Leadership Training can help you break past your daily struggles and start soaring in success.

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5 TRICKS TO HELP CUT DOWN CREDIT CARD DEBT

There are only two types of people in this world: those who are in debt, and those who haven’t been born yet. It’s natural to assume that financial debt is a bad thing because the idea of owing money is often stigmatized. But the truth is that debt is a natural part of life in the 21st century. In fact, it’s impossible to achieve social mobility or acquire any assets of any real value in life today without taking advantage of loans or credit. For example, if you want an education, you’ll probably have to take out a student loan to pay for a degree. If you want to buy a car or a house, you’ll have to sign up for a note or a mortgage before you can own any of these properties outright. In this sense, debt is directly instrumental to the quality of life that every member of society enjoys.

Things can Get Real:

When managed responsibly, debt actually enables everyday people to gain access to transformative and essential resources in life. Unfortunately, not everybody has a gleaming success story about how credit has impacted their prosperity. Sometimes it’s because of negligent borrowing, and sometimes it’s because sudden emergencies create the need for unexpected spending, but the truth is that there are scores of people in society today who feel crushed under the weight of unpaid bills and past-due notices. No matter how desperate you might feel about your situation however, don’t give up if you happen to be in debt. It takes time, and it takes discipline, but it’s still possible to regain good standing financially if you’re willing to makes a few tough decisions about your financial habits. Here are seven things to do in order to reduce and repay mounting debt:

1.       Learn to Distinguish Between Wants and Needs:

Spending money on things you don’t need is the quickest way to burden yourself with mushrooming credit balances. If a spending decision won’t have any impact on your health and well-being, pause to evaluate whether you can actually do without it, and don’t be afraid to say “no” if it’s not something you need.

2.       Pay Attention to Your Spending:

The first step to financial literacy is deciding to be proactive about analyzing and recording your spending habits. At least once a month, you should makes sure to file and study your bank statements and receipts to gain a better understanding of how cash flows through your hands. If you notice any heavy or unusual spending, do something about it.

3.       Go High-Tech:

There’s no need to let your budgeting get inundated by piles of paperwork and hardcopy receipts. Designing a spreadsheet to keep track of your personal spending can speed things up and help you get organized in an efficient way. It also allows you to keep extensive records without having to use bulky folders or stationery.

4.       Prioritize Your Outstanding Debt:

Not all debt is created equal. If you happen to owe money to multiple different parties, it’s a good idea to rank which of your debtors can inflict serious consequences on your daily life and pay them off first. As a general rule, it’s usually a good idea to pay back debt based on the following sequence:

·         If you owe money to the IRS, pay them before you pay anyone else. They have the ability to jail you for defaulting on your debt.

·         If you we student loans, pay them with extreme urgency because the government also has the power to garnish your wages if you default.

·         If you owe any personal loans, pay them after considering government debts because personal loans directly influence how much your friends and family trust you.

·         If you have a mortgage, prioritize it after considering personal loans because defaulting on a mortgage can leave you homeless.

·         If you have a car note, prioritize it after mortgage debt because vehicles are essential for travel, but they can easily be replaced by public transportations.

5.       Go Above and Beyond the Bare Minimum:

Paying back debt has nothing to do with meeting minimum payments, and everything to do with clearing an outstanding balance in its entirety. If you choose to pay back a loan strictly through the minimum payments that are due, you’ll end up paying too much cash on interest charges, and you’ll also end up paying back small debts for years and years. Nobody’s saying you have to pay back everything at one go, but every now and then, pay back more than the minimum balance due.

Trying to figure out how to eliminate debt can feel overwhelming. But it’s not impossible. You just have to be willing to reevaluate your spending and actually do something to change your financial habits. The more organized you become, the better decisions you’ll ultimately make about your money. If you like what you just read from our blog, you’ll love the various informative workshops and events listed on our website and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Programs Academy for Business Coaching and Leadership Training can help you break past your daily struggles and start soaring in success.

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5 SECRETS TO HELP YOU FIND TRUE LOVE

Falling in love is one of the most universally shared human desires. It doesn’t matter who someone is, or where they’re from, deep down inside there’s a good chance that within their lifetime, each person hopes to meet a romantic partner who they can commit to, and settle down with till the end. Love is a wonderful thing when people find it. However, the road to lasting committed relationships isn’t always free of hurdles. In fact, one of the most universally shared human frustrations is just how complicated it is to form enduring romantic bonds with significant others.

Take off the Rose-Colored Glasses:

A major reasons why finding love is so difficult is because of unrealistic expectations. Social upbringing conditions a substantial number of people to place the concept of love, and marriage in particular, on a lofty pedestal. We expect love to cure sadness, even though romantic relationships inherently shed light on personal insecurities. We expect to live happily ever after just because someone put a ring on it, even though marriages can only survive through constant work and compromise. Expecting to magically acquire happiness just because you’ve fallen in love is one of the easiest ways to become jaded.

So what’s the answer?

If you truly want to find someone to share the rest of your life with as a lover, or a spouse, it’s important to identify and abandon every selfish or unrealistic fantasy you have about how an ideal romance should be. Stop expecting love to be a miraculous cure for misery, and take responsibility for your own happiness. Stop entering relationships expecting utopia, when you know perfectly well that life and love have their ups and downs. If you’re one of the many people who knows how tricky it can be to figure out the mysteries of love, here are five critical mindsets to embrace in order to help build strong, committed, romantic, relationships:

1.       Let go of the Fairytales: Trying to live up to cultural stereotypes about love can leave you stuck in delusion and denial. Always live in your truth, and find a partner who is capable of living in theirs, and accepting yours.

2.       Embrace your Self-Worth: It’s impossible to receive or appreciate love from others until you truly love yourself. Falling in love if you have low self-esteem only pushes you into a state of emotional dependence.

3.       Keep an Open Mind: Variety is the spice of life, so don’t confine yourself to relationships with a specific “type” of partner. Being flexible about the personalities you connect with can end up enriching your love life in surprising ways.

4.       Make your Standards Known: If you know for a fact that you want to enter into a committed relationship with a partner, avoid dating people who aren’t interested in settling down. Like-mindedness about commitment is essential to the strength of a relationship.

5.       Expect to Work for What you Want: Don’t allow yourself to become obsessed with the honeymoon stage of love. When reality sets in, each partner in a relationship has a part to play in order to keep the spark alive.

There’s certainly nothing wrong with falling in love, but it’s important not to lose oneself in the process of looking for love. The relationships we enter into should complement our happiness rather than define whether or not we are happy. This all starts with cultivating the right attitude about what to expect out of romantic relationships. Always remember to be realistic, respect yourself, and make an effort to make things work once you find the right person to be with.

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