✨ 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
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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.
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🔍 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
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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
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Are you making some of these financial mistakes? As an entrepreneur, it can be easy to make financial mistakes. New entrepreneurs are often so focused on growth and expansion that they don’t really keep track of their expenses, which ends up hurting their bottom line in the long run. In some cases, it is easy to make rash decisions about investments without really considering all the factors, which often resulted in losses rather than gains. With experience comes wisdom. I have developed some positive financial practices that have helped me to be more successful in my business. For one thing, I am very careful about tracking my revenues and expenses so that I can stay on top of things at all times. Furthermore, I constantly seek out new ways to save money and optimise my business operations so that every dollar has maximum impact. Overall, while making mistakes is inevitable when it comes to finances, emerging as a wiser and more disciplined entrepreneur is certainly possible with practice and effort. And because learning is a never-ending process, investing in an online course like “Implementing Good Financial Habits” is one of the best ways to help yourself continue along the path towards excellence! https://lnkd.in/gc2BfVa9 #businessfinances #higherpurposeaccounting #financialhabits
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🚀 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
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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
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Personal Finance Reimagined: Empowering Entrepreneurs & Creators! As many of you know, at Personal Finance Reimagined, we specialize in helping entrepreneurs and creators navigate their unique financial challenges. Our belief- and behavior-based approach blends skillset and mindset to help you make consistent, sound financial decisions. We offer: - Books - Research & Development - Seminars & Classes - Individualized Training - State-of-the-art Technology Life's too short to be unsure or unfulfilled—let us guide you towards better financial management and growth. Are you thriving in your entrepreneurial journey but unsure about building personal wealth? Creating value, paying bills, and having some leftover for investments, but not ready for professional wealth managers? What now? Visit Personal Finance Reimagined Here: https://lnkd.in/eHSJWQSt Join us at Personal Finance Reimagined and take the first step towards securing your financial future! #PersonalFinance #Entrepreneur #Creator #FinancialFreedom #WealthBuilding #MindsetMatters #BehavioralEconomics #FinancialEducation #InvestInYourself #FutureOfFinance #SmallBusiness #StartUpLife #FinanceTips #WealthManagement #SuccessMindset #FinancialGoals
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🚀 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
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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
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🚀 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
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