Tag's: financial freedom

Financial freedom for business owners

Financial freedom for business owners never happens by chance. It is something that needs to be planned. Keeping track of how your assets grow over time is essential for your financial freedom.Assets accumulate over time and the goal of the entrepreneur is to accumulate enough assets so cash is pumped into the business without little effort by the entrepreneur. This is where financial freedom happens. Financial freedom for business
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Achieving financial freedom from your business: Financial Independence

A person becomes independent in their business by building assets.How does one become truly financially independent with their business?Your main goal as a business is to build assets and then revenue from the assets (rather than building revenue directly). If you have just a product or service you will eventually hit the maturity and decline phase. However, when a business builds asset and then creates system around the
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To Attain Freedom as an Entrepreneur, Watch Out for These Three Pitfalls

Most people start their business because of the freedom they thought it will provide: freedom to earn what you deserve and to work for whoever you want, when you want, and from wherever you want. However, as time elapses business owner find they do not enjoy this freedom. From dealing with demanding customers to indecisive employees, the stress of running your business falls on your shoulder. The sad part of
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Achieving financial freedom: Part 10 –Balance Sheet

This is the last post in the achieving financial freedom through your lifestyle business series. While this series is only a synopsis of what is possible, it is up to you to explore these topics further.Succeeding in business all boils down to one thing, your willingness to hustle. Where there is a will, there is always a way.The information that was discussed in parts 1 -9 is summarized in
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Achieving financial freedom from your lifestyle business Part 5

FinanceFigure 1: Financial Freedom PlanYour financial system is the most important key to the puzzle to unlock your financial freedom. Marketing is the lifeblood of your business and with great marketing you can make great money. However, without a handle on your finances you can still end up broke.Your financial freedom system begins with having a financial freedom map.Your financial system is made up of:Your financial
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