LIVE AND ENJOY YOUR LIFE! (The Minding Your Business (MYB™) Series)

'De-clutter your life.  Not everything is necessary; not every information is important.'

Everyone requires the basic necessities of food, shelter and clothing.  Every other need falls between a comfort and a luxury position.  Comfort makes life a lot easier for you.  Luxury gives you a sense of power, that yearning to belong to a clique, or simply to show off.  Comfort puts you at relative easy.  Basic and luxury create tension.

THE MYB™ LIFE CHART

                                              The MYB™  Life Chart

Your position on the MYB™  Life Chart is relative to your goals and aspirations.  Don’t stop aspiring to be a better you, a richer or wealthier you.  'There are no wrong or right ambitions; its your intentions that makes your ambition right or wrong'. Aspire to be above the basic needs position.  Strive to remain within the comfort position.  Aviod getting into a luxurious lifestyle (the luxury position).


If your intentions are noble, you will aim to find a noble path to acquiring wealth/riches.  If not, your path to weath maybe flawed.  Aim for and strive to remain in the comfort position; its the best position to achieve your life goals.  You can achieve your financial life goals with the help of a finance expert .  Find a finance expert  online or offline, depending on which works best for you.


Till next time…..

Treasure this information; it’s the new currency.  I remain passionately committed to your success!

EHIS EGBUJI
Finance Expert
E- mail – ehisegbuji@gmail.com
Twitter - @ehisbebe
(The creator of ‘Minding Your Business Series’ - MYB™)

WHAT STIFLES THE ENTREPENEUR’S CREATIVITY? (The Minding Your Business MYB™ SERIES)



An entrepreneur must always think abundance.  Indeed, there is enough market & resources for everyone.  All it requires is a little bit of creative ingenuity from you.   Year to year new businesses spring up, becoming profitable overtime and still remain in existence years after even with a challenging economy.



wearing many hats!



overwhelmed!

Today, entrepreneurs are constantly struggling to remain relevant to the purpose for ‘setting up shop’.  After overcoming the hurdle of pushing your services or products to the market, the next step of owning a market space becomes an even greater challenge. 

 

The main reason is – ‘the stifling of the entrepreneur’s creativity’.   The entrepreneur is overwhelmed wearing several hats. From customer service personnel, marketer, accountant to I.T personnel.  He becomes a ‘jack of all’.  Gradually, the entrepreneur begins to lose focus and creativity.  He/she becomes over stretched; worrying about so many issues and at some point may begin to regret the decision to start a business.  To own a market space, you need to stay creative and be innovative.  That’s why APPLE and SAMSUNG are still relevant players in the Mobile phone market.

 To solve this problem, the entrepreneur needs to ‘OUTSOURCE’.  Yes, outsource some of these services – I.T, finance/accounting functions, marketing, etc.  When you outsource some duties, you UNBURDEN your creative spirit.  The time spent studying and trying to understand accounting documentation for instance can now be focused on creating more value and further developing your products/services.

Outsourcing can be negotiated and even paid for without cash. For example there are new companies that are offering highly discounted fees and even free services for a start.  There is no harm in taking up any of these offers.  Where you have to pay, negotiate for the best deal.

Start outsourcing now before you get to that point of ‘stifled creativity’.  Outsource areas of non-expertise one by one, and you will be amazed at what you can achieve in a short while.

 

**This information is your currency; use it wisely.

 I remain passionate about your success,

 

Ehis Egbuji (@ehisbebe)

..Providing practical personal finance & business finance solutions!

 

#5 HABITS OF HIGHLY EFFECTIVE PEOPLE (The Minding Your Business Series)



 1.      Discipline – helps you manage your time (which of course is never enough)…'do not stifle your creativity by trying to do everything.  Learn to outsource a few’. #SME #learnandgrow

2.     Discipline – helps you manage your relationships…. ‘develop a rapport with the man at the top & you will easily reach his people beneath’. #SME #learnandgrow

 

3.     Discipline – helps you plan & set attainable goals… ‘a good plan is like a road map. It shows the final destination…’ H.S Judd  #SME

4.     Discipline – helps you manage your resources especially MONEY…’being poor is not a lack of MONEY; poverty is a lack of ideas & inspiration’. #SME #learnandgrow

5.     Discipline – helps you avoid excesses – in health, in your daily life… ‘everything is permissible; but not everything is good for you’. #liferules

I remain passionate about your success!

 

Ehis Egbuji

Twitter - @ehisbebe 

The Minding Your Business (MYB^TM) Series

  www.themoneysage.blogspot.com

 

..Providing practical personal finance & business finance solutions!

 

**(photo credit - Shutterstock.com)

THAT SPECIAL GIFT!!!!

What makes giving special?

 

First, the intention TO GIVE, and then the thought put into the giving process.


You give not because you have too much; but because you are grateful for what you have. There can be no better way of expressing gratitude than by giving.

HEALTH IS PRICELESS!

And so today, as I promised... consider this - Giving a gift of HEALTH.


Health is priceless! Have you ever felt sick, really sick? Then you know what it means to be hale & healthy. There are a number of persons willing to give anything to be healthy. Why not give someone this gift this season?


'I can't afford it', may be your response, but you will be amazed to find that you can by taking extra steps to inquire. Let me give you an example. Not so long ago, I discovered that with N15,000 (less than $ 90) you can get a full year health plan. And yes, it includes benefits like consultations, drugs, maternity, tests, etc. I know it, I have seen it and have been a part of it.


So why not give something different, something that the giver will not be able to repay back - the gift of a full year health benefit.


Are you interested? Send me a mail - kleanwash@gmail.com for more information.


Till next time,


Remember – information remains the new currency.
HAPPY HOLIDAY!



PLEASE READ!!!!!

During the holiday period, there is a tendency to over indulge. Here are some expert tips.

1) Think quality not quantity. Instead of buying a cheap gift that may not be appreciated, invest in a Card - that has a well crafted & heartfelt message (words that hug you like a duvet!).

2) Plan your spending. Draw up a list of the things you are buying. Go to the market, mall with this list to reduce the temptation to over spend!

('Health' picture credit - photobucket.com)

THANKSGIVING, C.S.R AND P.S.R

In my last article, I encouraged you to do something for an existing or potential prospect. Today, I want to talk about giving as a form of thanksgiving.

When businesses, corporations give, it is called Corporate Social Responsibility (C.S.R). When individuals give, it is called Personal Social Responsibility (P.S.R). Being responsible as a business or an individual is also thanksgiving.

As Americans celebrate thanksgiving (4th Thursday in November), they remind us that we have something to be thankful for. Look back over the past months and tell me just one thing you are thankful for (please… do add it as a comment).

So in the spirit of thanksgiving, do something for someone during the holiday period.

In my next article, I will be sharing one of the many ways you can give thanks as a business (CSR) or as an individual (PSR).

Till next time,

Remember – information remains the new currency.

HAPPY THANKSGIVING!

P.S – don’t forget to comment on what you are thankful for!

YOU CAN STILL W-I-N!

Everyone’s goal in life is to win. It’s perfectly normal to win some and lose some, unless you are not being true to yourself.

Do you have a hectic work schedule? Have you been trying to save up some money to start a business? Are you dealing with declining profits? Don’t worry, you are about to boost your chances!

As the holidays draw near, how do you create a WIN-WIN situation in business, your personal life or job??????????????????

DO S-O-M-E-T-H-I-N-G BIG FOR SOMEONE!

For a BUSINESS - Buy a unique gift for each customer. Forget about the branded mugs, jotters, pens, etc. get a real personal and special gift. For example – buy a bouquet of flowers for a female customer with a note attached – ‘From Company A. we love you’. Or you can do something obvious for your community; plan a Christmas visit to an orphanage, or show massive support for a local initiative.

For an INDIVIDUAL – Are you thinking of starting a business with a friend, a colleague? Then buy an interesting book on the subject matter. For example a book on ‘great partnership’. Remember to include your name and a heartfelt message. Also, remember your boss. Please get something for the big man!

A WIN-WIN

In the end, you make someone feel appreciated and boost your chances in work, greater business patronage or business opportunity.
So get going for “your position determines your attraction”.

This will create more rewarding and earning opportunities in the coming year.

Till next time,

Remember – Information is the new currency!

BE E-F-F-I-C-E-N-T WHILE YOU W-A-I-T

Have you found this frustrating?

Waiting for the kettle to boil? Waiting for the end of the month to settle certain bills? Waiting to hear from a prospective employer? Waiting for the bank to approval your business loan? Waiting for customers to place orders? Waiting for someone to follow you on twitter; like your facebook page or add a comment? The list is endless!

Waiting doesn’t have to be frustrating. It is not a waste of time. When you utilize the waiting period, you gain efficiency; you improve on your learning curve.

Explore these tips.

For a Business - use the waiting period to review your strategies and goals. Are your closest pals willing to patronize you? Get information from similar businesses with better performances.

For an individual – use the periods to search for alternative sources of income. It can be a part time job, partnership, a startup or even volunteering! So turn those frustrating periods each day into rewarding opportunities.

“YOU CAN; YOU WILL; LIFE CAN BE BETTER FOR YOU”!

Till next time,

Remember – ‘information (what you know & don’t know) is the new currency’