Tag Archive | business financial

5 Steps to Achieve Financial Happiness

freedom financialHAVING full control of the money held is one way to make people feel happy, regardless of how much wealth. By adopting a number of good habits, everyone can feel happier about life overall financial.

Here are some good financial habits that you can apply, as revealed in a book entitled ‘The Ten Commandments of Financial Happiness’:


Perform file system so that you can more easily record income and expenditure. Thus, more time and energy you can save.

Direct pay bills

Do not wait until all the bills pile up and then the new pay once. Instead, pay directly once the bill arrives. Paying a dozen bills at once can make you hit to see so much money being drained out of savings. Instead, pay the bills coming one by one so will not make you too surprised to see the amount.

Savings of five percent

Set aside at least five percent of the monthly income for savings. It can make you automatically met financial happiness. You can immediately set aside five per cent of earnings before spending it for other purposes. Once it was used to save, you can gradually increase the amount to 10 percent or higher.

Create and achieve goals

Achieving happiness is not merely the problem has reached a goal or not, but about making progress. Create one or two financial goals every time, and work hard to make it a reality. Feel the happiness you enjoy when through the process.


People who practice some of their property will feel happier and healthier physically and mentally. They tend to sleep better and exercise more frequently so as to have a healthier mind. Moreover, giving wealth to others as well abstain from greed and unsatisfied. Thus, you will feel more grateful for the pleasures of life which is owned today.

Overcome Financial Pressure in Small and Medium Business

cashflowbusinessYou can change the financial pressures become a business success by utilizing business management skills, time, and finances are good. With still be realistic and apply the techniques of proper planning you can take control of your business situation before it gets out of control. Manage finances wisely pressure of your small business and observe your company grows.

First of all, give a real description. Know where your business is located in a position financially. Look at your assets, liabilities, profits, and your debts. Create a budget that can give you real picture about the flow of money in and out of your business. Once you can know exactly what the money is spent for you, you can now set a strategy to reduce the money spent on it so that your finances back improved.

Next, try to re-evaluate the short -term goals and long-term. Set realistic goals and can be realized within a certain period. Long-term goals you determine where the position where you want your company to be. Use short term goals to achieve long-term goals in stages, which can actually minimize the pressure. Divide it into several shorter goals can also reduce stress because you can focus on tasks that are not too onerous to achieve your long-term goals.

Furthermore , observe your staff . Make sure they are a team player who will help you make a profit and instead spend the time or the funds companies. You could be laying off a staff that does not provide benefits but gives more trouble and expense for the company and then hire new staff. You can print larger profits with new players in the team.

After that, consider hiring an advisor or consultant who can give you guidance. The consultant is usually an expert with experience in the field, not only theoretically but also practically. An accountant can learn bookkeeping you with objective and tell you in the post anywhere you can save money. Meet a financial planner if you want to find out how to increase profits and investment.

Then, enrich your knowledge about financial issues and find a solution to the financial problems you are facing. Go to the seminars relating to small businesses and small business owners to know how others deal with and resolve their financial problems.

Finally , do not forget to constantly market your business. You must make sure that the business you run prospects remain bright even now you ‘ve got a lot of customers. By doing that, you do not have to lose revenue. Plan ahead of time and the level of pressure that must be faced will be lower.

When is Reviewing Your Business Plan

BusinessplansLike the ever-changing business from time to time, marketing plan and business plan we should also keep abreast of changing times. Business objectives of your company should ideally be revised periodically as the superior competitor is also growing, maps are continually changing business and your product line continues to grow.

5 This is an important moment that should be utilized as an opportunity to conduct a review of the entire business plan or your business plan for the next period.


1 . The new financial period

Whether it’s a new month, a new quarterly period, or new fiscal year, provide a little bit of time to review the plans that you have set up to find out if you ‘ve achieved or not. If you recently make changes to the structure of your business, be sure to add it to your plan.

 2 . Changes in financial need

Maybe this year you decide that you want to expand the business to accommodate the increase in incoming requests. You will need financial assistance from someone either a banker, investor, or shareholders. Now is the best time to update your marketing plan and your business plan so that both can accurately reflect your current position.

3 . Market is changing

If you are in an industry that is highly dynamic and constantly fluctuate like oil and gas, you have to make changes more often. Make sure your business plan is also adjusted to the changes.

4 . Added line of products

When you add a product, then Ana had to make changes or implement new technologies to save on the budget, this will more or less affect your future plans.

5 . Has been the achievement of objectives

Your business plan may include achievement of revenue goals of $ 1 million and you have exceeded this target last period . Decide what your goals for the future and revision of the plan by consulting the the purpose.

Observing the Financial Statements

financial reportA financial statement is also referred to as the annual report. This report presents the financial status of the company during the period of obstruction certain financial, which typically includes one full year. This report contains detailed graphs and data. For the layman, especially who lack the knowledge and background experience to read the annual financial statements, this report also relatively difficult to read and understand. The information presented in this report should reflect the fact and figures and graphs should show an accurate picture regarding the company’s financial status.

The steps :

1 . Read them carefully as possible the first few pages that exist in the financial statements. There are several pages of the CEO of the company that will discuss the major financial issues facing the company and may also give a positive response on the matter. CEO may remind the reader about the company ‘s mission statement, purpose and dedication to the customer as well as the states of all the positive things about the company and only mention the bad news.

2 . Read all parts of the page that contains the report after the CEO statement that greets the customers. This information typically includes the promotion of new products and services and to remind customers that the company is always working with them.

3 . Observe the graphs and charts that show the company’s financial status. Many of the charts are intended to be read by investors and shareholders not customers who want to learn more about the company. To be able to understand the financial statements of the company, try to find terms like ” asset ” and ” debt “, ” net worth ” ,” long-term assets and short-term ” and ” income statement “.

4 . See below section to determine what assets are owned by the company.
Under the Debt section, you can find the company assumed liabilities. Reduce overall debt of the amount of total assets in order to know whether the company is in a state of good or bad. If obligations or debt held more than the number of assets, it can be concluded that the company has more debt than assets. The results of this reduction is also called net worth.

5 . Analysis of short-term assets and long-term company. Long-term assets are thinner likely to fluctuate rather than short-term assets. Determine how much you can get from the company’s short-term assets and long-term.

6 . Add all of the assets of the company and for the amount of the total debt amount.
It will show the financial status of the company in terms of profits. For a healthy company, that number should double the amount of debt the company.

7 . Observe the income statement to determine how the company spends money owned. It will show where the company’s capital is spent and for what purpose the amount spent. For those who invest in the company, the income statement will provide information about the details of corporate spending.