Goals

Personal Goals.              Employment goals.              Business goals.

All have one thing in common    --    you need a road map for success.

 Knowing where you want to go and what you would like to accomplish is the beginning of your path. And that’s where the road map comes in.

Goals should be somewhat flexible to allow for the things that happen that you have no control over, but not so flexible to allow for excuses.

Knowledge of what you want in each area is needed so you can begin your map to reaching your goal.  The knowledge to reach your goal In each area will involve different aspects; however knowing what you get when you reach a goal will be important. If what you get is not what you expected, you have wasted time and resources.  With this said, let’s talk a little about goals involved with finance and business.

A goal. Start a business so you can be your own boss and have financial success. So, what’s involved? You need to gain the knowledge of the many aspects of the business you want to start.  The most important aspect is financing. Financing a business will have many phases:  A start-up phase, usually the hardest; the initial growing stage, learning the ropes, gaining customers, clients and finding your niche; the growth or acquisition stage; and the exit or pass-it-on stage.   

Lack of capital is one of the main causes of business failure in the first five years. And most individuals don’t know the many different sources and ways to raise the necessary capital to start your business.

Gathering the required documents and placing them with a lender that will seriously look at the package greatly increases the changes of getting the capital needed and building a relationship that will be of value when future needs arise which they surely will. As your business grows and changes so will the methods and type of financing that you will need to obtain.  Finding and working with a financial specialist, along with many others who specialize, will help you move your business forward and save you a lot of time and headaches. Don’t be afraid to take some risk and take advantage of people who specialize and have expertise in the areas you need assistance with.

Starting a business involves risk, determination, and a lot of flexibility. If you are not willing to take risks, or are put in the time, it will most likely be best you do not venture into your own business.