✨ Outperform Your Past Self to Achieve Financial Independence • Don't compare your financial situation to others - the only competition that matters is against the person you were yesterday • Focus on constantly improving your finance skills, cost control efforts, and developing entrepreneurial abilities • Set ambitious goals like growing your small business, launching a side gig, and diversifying your income streams • Take pride in your progress, whether it's reducing monthly expenses or landing a new client for your startup • Learn from past financial/business mistakes and apply those lessons to make better decisions • When you dedicate yourself to becoming a well-rounded entrepreneur and money manager, others will respect your accomplishments • They'll respect you because you earned it through self-improvement, not by trying to outshine anyone • Understand your unique financial/business strengths and weaknesses, then keep pushing yourself to new heights • True financial independence will follow if you relentlessly compete with your former, less entrepreneurial self #Entrepreneurship #SmallBusiness #FinancialGoals #DiversifiedIncome #CostControl #MultipleSideHustles #CareerDevelopment #FinancialGrowth #SelfImprovement Key changes: 📢 Updated heading to emphasize "financial independence" 📢 Highlighted the importance of developing entrepreneurial skills and abilities 📢 Included goals around growing a small business and launching side gigs 📢 Framed the overall message as building towards financial independence through entrepreneurial self-improvement
Imthiyas Badurdeen CPA,CMA ,ACCA Finalist, BA (Hons),Msc(Fin),MBA’s Post
More Relevant Posts
-
Are you stuck in a cash flow trap? When you decided to be an entrepreneur, you took 100% responsibility for your own financial welfare, which can be incredibly freeing. So let's talk about low-paying clients; As businesses, it’s easy to fall into the trap of over-relying on low-paying clients. They may seem like a quick win, but they are often a drain on time, resources, and energy. Think of it like flying a plane. To stay in the air, you need balance and structure in your A, B, and C clients. While "A" clients bring the most value and align with your business goals, "C" clients (often low-paying) can weigh you down. They’re like the turbulence in an otherwise smooth flight, distracting you from focusing on the long-term destination. Here’s the hard truth: Low-paying clients can be more demanding than high-paying ones. They require the same (if not more) time and attention but provide far less in return. Building a solid portfolio of "A and B" clients who respect your expertise and pay you what you’re worth is essential for sustainable growth. ✅ Prioritise your resources. ✅ Evaluate the value each client brings. ✅ Say no to clients who don’t align with your vision. It’s not about saying no to opportunities; it’s about saying yes to the right ones.
To view or add a comment, sign in
-
-
In today's world, the temptation to make quick cash is ever-present. Opportunities like gig work, side hustles, and speculative investments can yield immediate financial rewards with minimal effort. These activities are appealing because they offer instant gratification and can be done alongside other commitments. However, the gains from quick cash ventures are often short-lived and lack the sustainability needed for long-term financial stability. On the other hand, building a successful business requires a fundamentally different approach. It demands strategic planning, a significant investment of time and resources, and a long-term vision. Entrepreneurs must navigate challenges such as market research, product development, marketing, and financial management. The journey to building a successful business is arduous and fraught with risks, but the rewards can be substantial and enduring. While anyone can engage in activities that generate quick cash, not everyone possesses the dedication, resilience, and strategic mindset needed to create and sustain a successful business. The difference lies in the ability to create lasting value and a stable financial foundation. #business #buildwealth #resilience #discipline Entrepreneur https://lnkd.in/dXYz8yRZ
To view or add a comment, sign in
-
🔍 Thinking about starting a business 🤔 Here's a quick look at the pros and cons of being a Sole Trader versus a Limited Company. 📈 Sole Trader: Pros: 🔹 Simplicity - Easy to set up and operate. 🔹 Control - You make all the decisions. 🔹 Cost-Effective - Lower administrative costs and less paperwork. Cons: 🔸 Liability - You're personally liable for all debts. 🔸 Tax - Higher tax rates on personal income. 🔸 Funding - Harder to raise capital and grow. Limited Company: Pros: 🔹 Limited Liability - Your personal assets are protected. 🔹 Tax Efficiency - Potential for lower corporate tax rates. 🔹 Credibility - Often seen as more professional by clients and investors. Cons: 🔸 Complexity - More paperwork and compliance requirements. 🔸 Costs - Higher setup and ongoing administrative costs. 🔸 Transparency - Financial records are public. Choosing the right structure depends on your business goals and personal circumstances. Give us a call to help you make the best decision for your business! 💡📊 #Business #Entrepreneurship #Ireland #SoleTrader #LimitedCompany #Startups #BusinessAdvice
To view or add a comment, sign in
-
The worst advice I was ever given was 'Get a job.' It wasn’t bad advice because working is unimportant—it was the worst because it was the ONLY advice. Financial stability requires more than just clocking in and collecting a paycheck. It requires vision, planning, and the right leadership to help you navigate your options. Relying solely on one income stream limits your potential. BUT!! Entrepreneurship opens up a world of opportunities for building wealth, taking control of your financial destiny, and creating multiple income streams. With the right guidance, you can go from simply earning to strategically growing your finances through investments, business ownership, and planning for the future. Don’t settle for one path when there are many that can lead to true financial freedom. Drop a 💰 to learn how you can take control of your financial future! #finance #business #entrepreneur #wealth #fyp #food #foodporn #explore
To view or add a comment, sign in
-
🚀 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗹𝗮𝗿𝗶𝘁𝘆: 𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗙𝗮𝗰𝗲 💼 As entrepreneurs, navigating the complexities of cash flow and financial management can often feel like an uphill battle. Here are some prominent challenges many face: 🔍 𝗖𝗼𝗺𝗺𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 𝗜𝗻𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄: Fluctuations in income can lead to uncertainty in budgeting. 𝗢𝘃𝗲𝗿𝗵𝗲𝗮𝗱 𝗖𝗼𝘀𝘁𝘀: Rising operational expenses can erode profits if not managed effectively. 𝗗𝗲𝗹𝗮𝘆𝗲𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: Waiting on clients to pay invoices can disrupt financial stability. 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗟𝗶𝘁𝗲𝗿𝗮𝗰𝘆: Many entrepreneurs struggle with understanding financial statements and metrics. 𝗨𝗻𝗱𝗲𝗿𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀: New business owners often overlook hidden costs that can impact profitability. 🔑 Introducing the Profit Maximiser: A Game-Changer for Entrepreneurs! The Profit First system is designed to shift your focus from revenue generation to profit management. Here’s how it can help you tackle those financial challenges: 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝗣𝗿𝗼𝗳𝗶𝘁: Set aside a portion of your income as profit before any other expenses. This ensures you’re always paying yourself first. 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗲 𝗪𝗶𝘀𝗲𝗹𝘆: Create designated accounts for profit, taxes, operating expenses, and owner’s pay, which helps in managing cash flow proactively. 𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗥𝗲𝘃𝗶𝗲𝘄𝘀: Frequent assessments of your financial health help in identifying opportunities for improvement and growth. 🔄 By implementing the Profit First system, entrepreneurs not only streamline their finances but also build a sustainable business model that fosters growth and stability. 💬 What financial challenges have you faced as an entrepreneur? How do you manage cash flow? Share your insights below! #Entrepreneurship #CashFlowManagement #ProfitFirst #FinancialHealth #BusinessGrowth #EntrepreneurTips #ProfitMaximiser Unlock the secrets to financial wellness with like-minded individuals to gain access to exclusive resources, expert advice, and support on your journey to wealth. Click this link to join community : https://lnkd.in/dntTr6_c
To view or add a comment, sign in
-
-
Profit isn’t cash, and cash isn’t profit—so why are so many businesses ignoring the difference? In today’s fast-moving, post-COVID world, it’s easy to get caught up chasing trends or profits on paper. But without solid cash flow management, even “profitable” businesses can crumble. The question is: are you staying true to your values while keeping your wallet in check? Align your principles with sustainable financial practices—because profit without purpose is just noise, and ethics without cash flow isn’t sustainable. There is a bubble brewing similar to the dot-com boom but for entreprenuership and when it pops a lot of people are going to lose it all. Make sure you're not left holding the bag. Entrepreneurship is all fun and games until the chips are down, debts are up, clients are scarce. Instead, let's slow down, maintain our dignity reclaim our patience a solve problems like the entrepreneurs we are. #CashFlowClarity #BusinessEthics #SustainableGrowth
To view or add a comment, sign in
-
-
Are you feeling overwhelmed in your journey to find the perfect path for your business? You're not alone! Remember, building a successful venture takes time, patience, and a lot of trial and error. 🚀 Every entrepreneur’s journey is unique, and while it may feel like others are sprinting ahead, it's crucial to focus on your own growth. Finding what works for you and your business is a process, and it's okay to take your time. 📈 But here's the good news! Financial freedom is not just a dream—it's a realistic goal that you can achieve in just three years! 🏆✨ Want to know how? Check out this insightful article from Inc. that breaks down the steps and strategies to help you pave your way to financial independence. Click here to read the full article now! > https://hubs.li/Q02X2W_M0 Remember, every great achievement starts with the decision to try. Keep pushing forward, stay curious, and don’t hesitate to reach out for support along the way. Your dreams are within reach! 🌈💪 #FinancialFreedomFriday #SmallBusiness #Entrepreneurship #BusinessGrowth #Inspiration #IncMagazine #KeepGoing #smallbusinessowner #business #completecontroller #accounting #accountant #budget #savings #banking #income #career
To view or add a comment, sign in
-
-
🚀 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗹𝗮𝗿𝗶𝘁𝘆: 𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗙𝗮𝗰𝗲 💼 As entrepreneurs, navigating the complexities of cash flow and financial management can often feel like an uphill battle. Here are some prominent challenges many face: 🔍 𝗖𝗼𝗺𝗺𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 𝗜𝗻𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄: Fluctuations in income can lead to uncertainty in budgeting. 𝗢𝘃𝗲𝗿𝗵𝗲𝗮𝗱 𝗖𝗼𝘀𝘁𝘀: Rising operational expenses can erode profits if not managed effectively. 𝗗𝗲𝗹𝗮𝘆𝗲𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: Waiting on clients to pay invoices can disrupt financial stability. 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗟𝗶𝘁𝗲𝗿𝗮𝗰𝘆: Many entrepreneurs struggle with understanding financial statements and metrics. 𝗨𝗻𝗱𝗲𝗿𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀: New business owners often overlook hidden costs that can impact profitability. 🔑 Introducing the Profit Maximiser: A Game-Changer for Entrepreneurs! The Profit First system is designed to shift your focus from revenue generation to profit management. Here’s how it can help you tackle those financial challenges: 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝗣𝗿𝗼𝗳𝗶𝘁: Set aside a portion of your income as profit before any other expenses. This ensures you’re always paying yourself first. 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗲 𝗪𝗶𝘀𝗲𝗹𝘆: Create designated accounts for profit, taxes, operating expenses, and owner’s pay, which helps in managing cash flow proactively. 𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗥𝗲𝘃𝗶𝗲𝘄𝘀: Frequent assessments of your financial health help in identifying opportunities for improvement and growth. 🔄 By implementing the Profit First system, entrepreneurs not only streamline their finances but also build a sustainable business model that fosters growth and stability. 💬 What financial challenges have you faced as an entrepreneur? How do you manage cash flow? Share your insights below! #Entrepreneurship #CashFlowManagement #ProfitFirst #FinancialHealth #BusinessGrowth #EntrepreneurTips #ProfitMaximiser Unlock the secrets to financial wellness with like-minded individuals to gain access to exclusive resources, expert advice, and support on your journey to wealth. Click this link to join community : https://lnkd.in/dtWSsYRz
To view or add a comment, sign in
-
-
🚀 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗹𝗮𝗿𝗶𝘁𝘆: 𝗧𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 𝗙𝗮𝗰𝗲 💼 As entrepreneurs, navigating the complexities of cash flow and financial management can often feel like an uphill battle. Here are some prominent challenges many face: 🔍 𝗖𝗼𝗺𝗺𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 𝗜𝗻𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄: Fluctuations in income can lead to uncertainty in budgeting. 𝗢𝘃𝗲𝗿𝗵𝗲𝗮𝗱 𝗖𝗼𝘀𝘁𝘀: Rising operational expenses can erode profits if not managed effectively. 𝗗𝗲𝗹𝗮𝘆𝗲𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: Waiting on clients to pay invoices can disrupt financial stability. 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗟𝗶𝘁𝗲𝗿𝗮𝗰𝘆: Many entrepreneurs struggle with understanding financial statements and metrics. 𝗨𝗻𝗱𝗲𝗿𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀: New business owners often overlook hidden costs that can impact profitability. 🔑 Introducing the Profit Maximiser: A Game-Changer for Entrepreneurs! The Profit First system is designed to shift your focus from revenue generation to profit management. Here’s how it can help you tackle those financial challenges: 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝗣𝗿𝗼𝗳𝗶𝘁: Set aside a portion of your income as profit before any other expenses. This ensures you’re always paying yourself first. 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗲 𝗪𝗶𝘀𝗲𝗹𝘆: Create designated accounts for profit, taxes, operating expenses, and owner’s pay, which helps in managing cash flow proactively. 𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗥𝗲𝘃𝗶𝗲𝘄𝘀: Frequent assessments of your financial health help in identifying opportunities for improvement and growth. 🔄 By implementing the Profit First system, entrepreneurs not only streamline their finances but also build a sustainable business model that fosters growth and stability. 💬 What financial challenges have you faced as an entrepreneur? How do you manage cash flow? Share your insights below! #Entrepreneurship #CashFlowManagement #ProfitFirst #FinancialHealth #BusinessGrowth #EntrepreneurTips #ProfitMaximiser Unlock the secrets to financial wellness with like-minded individuals to gain access to exclusive resources, expert advice, and support on your journey to wealth. Click this link to join community : https://lnkd.in/dtWSsYRz
To view or add a comment, sign in
-
-
So many of the hard-working entrepreneurs we speak with are focused on scaling their businesses. So that... They can have a bigger impact in the world with the work they do. They can support a team and provide an incredible place to work. They can create personal wealth for their families and their future. For these reasons and many others, we LOVE the scale conversation 🙌 But it has to start with this question... Is your business financially ready to scale? Just like you wouldn't start building your dream house without a solid foundation in place, it's too risky to go for growth in your business under a rocky foundation. What does financially ready to scale look like? In part it looks like... > Reliable, properly structured accounting data > Cash reserves > Access to capital > Profitability > Liquidity > Visibility and clarity around your numbers Interested in knowing your Financial Readiness Score? Drop a comment below or reach out with a DM and we'll send over information on our Free Financial Health Check-Up. #cashflowcfo #fractionalcfo #outsourcedcfo #businessgrowth #financialmanagement #scale #entrepreneur
To view or add a comment, sign in
More from this author
-
🚀 Unlocking Business Growth: Harnessing the Power of Value Propositions! 🚀
Imthiyas Badurdeen CPA,CMA ,ACCA Finalist, BA (Hons),Msc(Fin),MBA 10mo -
🚫 Don't Drop People Where No Value Propositions Exist! 🚫
Imthiyas Badurdeen CPA,CMA ,ACCA Finalist, BA (Hons),Msc(Fin),MBA 10mo -
Lecturing vacancy in Baharain the General Manager - Al Moalem Institute
Imthiyas Badurdeen CPA,CMA ,ACCA Finalist, BA (Hons),Msc(Fin),MBA 5y