MSB Member Articles
How to free yourself from the debt trap 9.6 million credit active consumers had negative payment records in December 2009 according to the latest Credit Bureau Monitor Reports. Hundred of thousands of newly purchased cars are being re-possessed by the banks every month – proof of consumers still living beyond their means.
You may be surprised to hear that there are only 5 ways to increase your profit. It may sound scary, but actually, when laid out in a business framework it is easier for you to work on your business.
Hi! I;m Barry and used to have a construction business until the recession took it away. I am sure there is many more people like me who lost it all, including the jobs that go with it, but we have to somehow get up and running again.
Problem: What can one do to get finance from a financial institution for a new venture? Here's the bad news: Without at least 80% (and mostly 100%) security for the loan, ABSOLUTELY NOTHING!! I have an business plan rated by all banks I applied at as "EXCELLENT". Loan required only R200 000 - R250 000, gross profit estimated around R1.3 mil in the first year, but "Sorry, we can't help you." 20 permanent jobs in 12 months, more to come, good profit, excellent business plan, cheap to run, excellent profit prospects, what more would they need? IDC, Shuttleworth Foundation, Khula, a wheel barrow full of others: NO GO.
Although motivation is a great by-product of the coaching process. The way I see it, if you own your own business, you already have motivation. You either want the big house, car, yacht or whatever else you’re striving for, otherwise you have bills to pay and creditors beating down your door.
Now your motivation may wax and wane and in my experience it moves in direct correlation to how empowered you feel as a business owner. If things are going well, you will feel powerful and motivated. If things aren’t going well and you find yourself thinking from the ‘effect’ side of the cause and effect equation you will feel like you have very little motivation.
Business Coaching is about taking control of your situation, evaluating your options and then taking action. It is in taking action that you are returned to the ‘cause’ side of the cause and effect equation and your motivation returns by the shed load! When I was running my business in London for the past few years I moved from one side to the other side of this equation many times but once I studied how to be a coach and started coaching myself I learned how to get myself back to the right place quickly....