First before, I start to show you how to create a blog I will like too define what a blog is. A blog is a free website, where the owner or blogger has the right to talk about anything. It could be about ones life or something. Just about anything.
Blogs is not like website development that is too complicated with HML code and the others but it may seem really difficult at first. At least I am one of the people that got really fucked up in blog. If you doubt me check out my first blog www.talk2gsexy.blogspot.com this site is a really big mess. So if you don’t get it right at first, don’t freak out cos you are not alone.
NOW HOW DO WE CREATE A BLOG?
this video will show you how to go about it, but if you are still not okay feel free to mention that.
Definition: debt is something (especially money). Debt is a very bad thing, it is the only thing that can hold you back from quitting a most frustrating job, and it can prevent you from living a luxury life, going on holiday and lot more.
Debt is the only thing that makes your heart leap to your mouth every time your phone rings or there is a knock on your door. Infant debt can take away all the goodness of life if one get into it.
If you want to be poor and die in poverty, these are the things you should do. Relax while you perform this and you will wake up one morning poorer than the church rat.
CAUSES OF DEBT
1. Spending more than what you earn. This can lead you into debt for instance if you earn 14,000 per month and you spend more than that and start taking from your savings.
2. Using money you don’t have by using credit card and taking out loan. Credit card gives false impression of security: you end up thinking you have what you don’t really have.
3. Use credit card for ordinary purchase. This is very common with the United Kingdom and United States, the economy melt down in these countries is evidence of that.
4. Use debt to pay debt. Rob Paul to pay Peter in that way poverty will invite you and you will be running from one debt to another. You will start seeing yourself as an expert in debt and debt will not leave you.
5. Mix your need with your want. If you can’t differentiate your need from your want then you are leading the way to financial carelessness.
6. Lack of control of impulsive buying. If you cannot restrict yourself from impulsive buying then you are calling on everlasting debt.
7. Buy things to show off or impress. This is very common with men, once they meet a new woman they will want to impress them, and this don’t usually last because when you start lingering in poverty she will say (he’s not rich anyway) and that will be the end. So stop spending to impress except if you want to roast in poverty.
8. Obeying Parkson law, this states that expenses rise with income. If your expenses rise with your income, then prepare a place for debt and heartache to rest.
9. Not making enough findings about cheap and better goods and services. When you don’t make enough findings on what you buy you will end up buying worthless things for huge amount of money.
10. Allow people compel you to spend money you don’t have. If you allow people make you spend money you don’t have by either using credit card or loaning then debt might soon be knocking on your door.
11. Be dishonest with your financial affairs. If you lie to yourself about your financial affairs who will you tell the truth. If you are dishonest with it, your financial affairs will also be dishonest with you.
12. Live without a financial budget. If you don’t budget everything you spend or intend to spend then sorry ooooooooo.
13. Lack of financial goal. lack of financial goal leads to financial downfall
14. Lack of financial intelligent. If you don’t have any idea about your finance or you are not financially intelligent it can lead you to debt
15. develop poor saving habit
16. decrease your ability to save
17. Expect luck to bring huge amount of money your way. A lot of people have been fooling around with themselves. Some believe that they have huge luck, and because of this they refused to work. Well if you are one of them welcome to the world of debt
18. Cultivate a poor man mindset. My families depend totally on me and I have to spend all of my money on feeding alone because it is too small.
19. Refuse to invest.
20. Move with people of shallow mind. Move with people who believe that there is no crime in being in debt then you will begin to think like them.
21. don’t prepare for your retirement
22. Believe that everyone is a debtor. And because you think so you give yourself license to also become a debtor
23. Go into debt because people owe you. No excuse is tenable for debt so take control of your life today.
The last time I discussed on starting your business, but let me explain it more so that you don’t misunderstand me
Get a business idea
When I mentioned this I didn’t just say any idea. Please a lot of people have made this kind of mistake and it is really affecting their business. Why do I say this? You can’t just bring up your own idea without checking to see if that’s what people really want.
Its important to get a business idea based on what people want from you not just what you are passionate about, because if that’s only what you are planning to do then am sorry.
Follow this example in order to create a good business idea
Know what is on demand
Be a problem solver
Look for what people will willingly pay for
If you don’t provide people with what they want they won’t be willing to pay for it, and this is not good for a business that wants to grow.
Write a business plan
Make sure before you are confident enough to present your business plan that you have already tested and confirmed that it will work for your business, or else you will end up regretting it. Ask yourself these questions to evaluate if your business plan is okay
Is the marketing strategy okay
Can this business plan help me to achieve my aim
Do I need to add or remove anything in order to enable my business grow
How will it help my business achieve its aim
Make sure you answer these questions very sincerely and test your marketing and every other thing written in your business plan before you gain confidence in it.
Get finance
Please don’t go around borrowing for a business you are not even sure would turn out successful it’s important you first understand how the business works before borrowing for it.
Am sure a lot of professionals have told you about bank loan or something but I don’t recommend for a starting business. But if you have tried the business before or you are quite sure that it will work out fine for you then you are free to borrow.
In a nut shell, know your business before you start borrowing or you might end up in debt.
Getting started
Before you start your business make sure it is on right footing. That is ensuring that it is legally recognize. Get a business name and register your business with the govt. before you star, because you don’t want to end up making trouble with the govt.
The advantages of registering your company is that it will be well secured and no business will use the same name with you.
And also choose whether you are going into partnership business, sole proprietorship or a limited liability company.
I have heard people complaining about a partnership business, there is nothing wrong with this. although, I recommend that your partner know better than you do or know something you don’t know. This will help you work effectively. And ensure that you trust who you are dealing with. Trust is the foundation of a successful business.
Thanks
Please I hope I made a little sense
Your comment is highly appreciated. Please I will like to know what you feel abut this article.
Remember you can reach me on
Discusswithgbaby@gmail.com
You have been thinking of how to start you business but you don’t know how to start, don’t worry just follow this step by step guild and you will soon be on your way of creating a good business.
STEP 1 GET A BUSINESS IDEA
To start a business one needs to get or create a good business idea. While this is very obvious a lot of people don’t have a business idea but want to establish a business. While choosing a business idea one needs to be sure he/she is very personate about it, because if you love what you are doing you will succeed in it.
EXAMPLES OF NEW TREND BUSINESS IN 2010 ARE
LOCAL BUSINESS:
Demand is exploding for locally grown and made products which mean more support for mom and dad stores. The dividend: For every $100 spent at a locally owned business, $68 comes back to the community. Only $43 recirculates from national chain stores.
PARENTING OUTSOURCING
Taking care of the kids, scrubbing the toilets, checking in on Mom, helping with homework, coaching Little League--more people than ever are paying professionals to do their domestic chores. The trend even has a name: Parental outsourcing.
HEALTH AND AWARENESS
Healthcare reform, aging baby boomers, more emphasis on preventive care--all of these things and more are fueling growth in health and wellness businesses
Step2 BUSINESS PLAN
writing a business plan is the next important plan on setting up a business, because this help you and others to evaluate the business. When you are looking for financial assistance the bank or if you're financing the business yourself, you will still want to have a written plan to develop business strategies and financial projections. A key element within the business plan is the marketing plan, which explains marketing strategy that will be used to advertise and promote the products or services. The goal setting steps of the plan will help you to analyze the success of the business in future years and clearly illustrate the capital needed to operate the company to break-even lender would expect you present your business plan so this is important.
Step 3 GET FINANCE
Having gotten written your business plan, the next step is to look for financial aid or get finance there are a lot of available finance but I will only mention three. You can get finance through family and friends, investors or bank loan. Usually each of the family and friends may want to be a part of the business before lending. Bank loan on the other hand may burden the business with extra expenses, which can affect the business.
Step4 GETTING STARTED
You've got the plan, the money and the enthusiasm; you're ready, right? Not yet, as with everything you need to take the legal issues into consideration. First you should choose a legal structure: Sole proprietorship, partnership or corporation. Your financing decisions will have an effect on what legal structure you choose. Now you can file with the state to incorporate and obtain a federal Identification number.
Thanks for reading my blog
We will talk again some other time, I need to really explain all the following for you and help you make a right decision on planning your business. Meanwhile if you have any question on this article you can email me on
Or you can send the answers to these questions to my email
How was the write up?
Do you want me to discuss about a particular topic?
Where do you think need improvement in this write up?
And any question that has been bugging you, it might be your relationship, business, cooking or making money secrets. Just feel free to talk about it. I know I can be of help in one way or the other.
I will be expecting to hear from you……………. Catch ya
Thanks
