Should you quit your job and focus on your own business: Advice to Entrepreneurs

Nine things to do before quitting your job,to run your business:

1. Ensure that your business generates enough money to pay all your recurrent expenses. Before making the great leap,determine how much money you need to cover all living expenses for each month. Then look at the income already generated from your business ,and see if enough money comes in to take care of your basic needs.

2. Consider finding another job that will equip you with the tools needed to bring more value to your own business.

3.Talk to your spouse to let them know your concerns and your desire to leave your job. This will give them notice,lest they are taken by surprise when you are home all the time. It is also a good time for your spouse to admit if they are similarly thinking about leaving their job.

4.Try to prepay some of your expenses,such as internet,electricity before you quit. This will give you a little comfort knowing that bills are paid.

5. Try to buy wholesale food items and store them. When the hard times come ,you will not go hungry.

6. Clear off major debt ,please be reminded that you can lose your house or car if you fail to make your monthly installments. 

7. Be prepared for uncertainties, business is  in and of itself uncertain. Some months will be feast,and some months will be famine. 

8. Before quitting your job,view your employer as your investor ,your financier,who is paying you a salary which you will then use to finance your dreams. 

9. Follow the proper procedure in resigning,so that you leave on good terms. If the services or products that you offer are in line with those of your former employer,you may conduct business with them.

The author is a Trinidadian attorney at law. She specialises in Anti Money Laundering and Countering the Financing of Terrorism. Please see the website http://asydneygroup.com ,whats app 868 484-7778 ,Instagram @asydneygrouptt

Advertisements

The Lunch Hour: The Real Rush Hour

How do you spend your lunch hour every day? I usually take a walk outside some days to see the working class hustle to purchase lunch. They exit their office still wearing their cardigans and sweaters and are make crucial choices. They venture to either a food court or a food establishment to decide. They look at the menus and check their purses and wallets. They take out their cellphones and idly scroll through their social media feeds. They then stand in line, wait their turn and approach the cashier and or server. Their colleagues may be at the same establishment or at another. They purchase their food and of course a drink and feel excited about their taste buds coming into contact with their purchase. The food may be consumed at the eating establishment if seats are provided or the employee may return to the office. The employee makes his way to his desk or to the lunchroom, holding the styrofoam container and beverage bottle. The smart phone is placed on the table and he or she indulges in the food.
Imagine doing this with your lunch hour everyday for the next 5 years. It is true that you are entitled to your lunch hour and you may spend it as you please. But is there a way that you can invest your lunch hour in yourself? My best friend told me that he spends his lunch time looking for lunch, everyday. He told me that he had a certain personal task to complete that would lead to significant personal development, but it was difficult to do during the working day. I suggested that he make use of his lunch hour, but he told me he was busy finding lunch.
From a financial point of view, money that could have been otherwise saved or invested is spent on purchasing lunch each day. Every time that you buy lunch, you pay with a $100 bill. By the end of the week, $500 has been spent on food for lunch alone; this does not take into consideration money spent on breakfast and dinner.
In terms of time management, an hour a day is a terrible thing to waste. I am not in anyway advocating that you work during your lunch hour for your employer. What I am suggesting is that you work on your dream during your lunch hour. Guard your time, it is your life. Every second counts. If you find that you still have a lot of work to do at the end of the working day, then consider analysing everything that you do during the day.
Reasons why I dislike buying lunch:
Food is expensive;
I do not know what ingredients are being used;
I do not know who is preparing the food;
I do not want to spend my lunch time thinking about what food to
purchase;
Regardless of the food that I consume, it will exit my body in the same manner and hopefully, colour.

A good approach is to put your food in the microwave while you use the facilities to relieve yourself. That should take about 3 minutes, then you return to the kitchen and eat for 15 minutes. Naturally, this means that you have to walk with your lunch from home. It does not have to be anything elaborate, it can be simple. You can steam broccoli and carrots in a pot and chunky veges for lunch. You can make a sandwich, pack a beverage and a snack or fruit for dessert. Whatever you consume at lunch time, will leave your body in the same manner. Then you can return to your desk and read about that idea that you conceptualized and research what has already been done on the topic. The question is now, how will you spend your lunch hour ?

About the author:

The author is a lawyer in Trinidad who specialises in Anti Money Laundering and Countering the Financing of Terrorism.

See the website:http://asydneygroup.com

Instagram : @asydneygrouptt

Whats app :868 484-7778

What does the way you walk say about you?

I have always been teased about the way I walk. I walk quickly, I pass people by on the sidewalks as though a dog I chasing me. I am oftentimes told that I would get a speeding ticket. I simply laugh at these jokes. In response, I say that I am “on a mission”. I could be on my way to class, on my way to the office or about to meet a friend, I walk with purpose.
Increasing your walking pace by 25% was one of the confidence building exercises in the Magic of Thinking Big . The author told of the games his mother played that consisted of watching passersby and observing their walking habits. His mother advised him that there was much to learn from observing the walking habits of people. The author said that psychologists link poor posture and sluggish walking to low self confidence. Psychologists also say that our attitudes can be changed by improving our posture and by increasing our speed of movement.
The author described 3 different groups of people based on their walking patterns. The first group are the “beaten people”, they “shuffle and stumble along through their life”. The second group of people are average and so is their walk, average. The last group of people exude “superconfidence” in the words of the author. These people walk faster than average, there is a sprint in the way they walk. Their walk tells the world “ I’ve got someplace important to go, something important to do”. Moreover, it tells the onlooker that the walker will succeed at anything he is about to do. The author advised that we should “throw our shoulders back, lift up our head and walk a little faster and feel confidence grow.

The author is an Attorney at Law in Trinidad and Tobago. She is an internationally Certified Specialist in Anti Money Laundering, Countering the Financing of Terrorism and FIU Compliance. See the website http://asydneygroup.com for her portfolio of companies. Instagram @asydneygrouptt Whats app 868 484-7778 .

The power of human….resources,always seek advice

The wise always seek counsel before making decisions. In the manufacturing process of making decisions,the successful person will conceptualize the idea,conduct research then ask about the possible difficulties of the proposed decision. The words of advice received are the raw material used by the successful person to make decisions. 

The successful person understands the power of the human mind. It is an amazing instrument that can be used to solve great problems . Other successful people take delight in offering advice. They must,however be satisfied that the advice will be put to great use . For instance,in the book the Twelve Steps, the character created by Jim Rohn made a game of pretending to be the caretaker of a large mansion and told a middle age man of the 12 pillars of success. 

Please do not keep your ideas to yourself. Seek advice from people who are where you want to be.

The author is an attorney at law based in Trinidad. She specialises in financial crimes and is a certified Anti Money Laundering Specialist .

Website : http://asydneygroup.com

Facebook page: Sydney Group

Instagram : @asydneygrouptt

Whats app : 484-7778