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Level 9, 360 Queen Street Brisbane, QLD 4000
07 3328 8999
07 3328 8988
mail@cflfinancial.com.au
If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.
If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.
Posted on Sep 19, 2016 by CFL Financial
Entrepreneurs are particularly independent. No matter how risky starting a business seems, for entrepreneurs, it is the route to the pursuit of happiness.However, while some started their companies to be independent, many may have lost that freedom along the way. If you allowed yourself to become subject to the petty demands of your business, it is time to come up with your own Declaration of Independence.
Here are some things to include:
Independence from overly powerful customers
If you get most of your income from one or two major customers, they control your future, not you. They can dictate the amount of your income, the security of your business, indeed, the quality of your life. You don’t want to lose these customers, but make it a priority to expand your base.
Independence from overly powerful channels
Successful entrepreneurs start their businesses by concentrating on one channel to reach their potential customers. They may target one specific industry or sell exclusively through one distributor. However, as your business grows, it is vital to diversify, so that if something unexpected happens, you can still survive.
Independence from overly powerful vendors
Likewise, if you depend on only one or two sources for your critical supplies, then you’re at their mercy. Find other sources, and give them at least some of your business. Even if you’ve been using one source for years, ask from time to time for bids from other vendors. Stay flexible.
Independence from overly dependent employees
If your employees come to you for every little decision, it’s time to give them their independence and free yourself at the same time. Create a working environment that gives them responsibility and authority, making certain that employees are also given the training and support to handle such authority.
Independence from continual insecurity
Being in business is never completely secure, but once past the start-up years, you should be able to free yourself from constant worry. Build a base of continuing customers or product lines. Set aside a cash reserve. Diversify your personal assets so you have financial resources in addition to your business.
If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.
If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.
Email: contact@cflfinancial.com.au
Phone: 07 3328 8988
Fax: 07 3328 8999
Office Location:
Level 15, 10 Market Street,
Brisbane,
QLD 4000
Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001