Good Information Articles

Why You Should Aim to Make Your Business Financially Independent Of Itself

Most people in our society today realize the importance of becoming financially independent at some stage in their life. In other words they have a goal to set up some form of investment program that will produce a passive income large enough to meet their monetary requirements. It is interesting that very few businesses realize the advantages of having a similar goal.

I'd like to outline some of the advantages gained from following a goal of financial independence for your business.

The primary reason for a business to exist is to generate a profit for the business owner. It makes good business sense to protect that profit flow. By incorporating appropriate investment strategies into your core business model you can reach the point where the business has produced a secure, passive income stream independent of further contributions from the business. At that point in time profit flow to the business owner is secure whether the business itself continues in profit or not.

When a person has reached financial independence they no longer have the NEED to work but, if they are healthy enough, they still have the CHOICE to work. So it is for a business. When a business reaches financial independence it has secured an appropriate passive profit for the business owner but the business is free to operate as effectively as before.

Of course it is important to structure the investment ownership such that it is also independent of the business even though it was produced from business profits and/or business turnover. There are several ways to achieve this independence but that is outside the scope of this article.

There is a second advantage that is gained from targeting financial independence for your business.

A powerful consequence of goal setting is that once a goal is firmly in place the goal setter will find ways to make that goal a reality. Those ways will include many profitable strategies that would never have been found if the goals had not been there.

The act of setting a goal of financial independence for your business puts the wheels in motion for developing extra sources of profit and asset accumulation that would probably never have been developed without that goal.

You will start to ask good questions such as "is there a secure way that I can utilize the business turnover to generate investment profit?"

A third advantage from your business establishing financial independence is that, once this goal is achieved, the business is capable of operating without profit for indefinite periods if necessary. There are times where this could be a useful strategy, for example in establishing market dominance that later returns much greater profit.

I have outlined just three of the many advantages and now I want to pose a question; if there are clear advantages from setting this goal why do so few small businesses aim at achieving such independence?

The reason is exactly the same reason that most individuals don't achieve financial independence; they are too busy focusing on their day to day existence.

Any person can achieve financial independence if they take the time to set the goal, develop a sound financial plan, and then follow the plan. Most don't because they are distracted by their immediate financial needs. They are in reactive mode rather than proactive mode.

Most small businesses, and a surprising number of large businesses, are following the same pattern. When I talk to small business owners about taking their business to financial independence I usually get the response that it is hard enough to keep their head above water and they certainly don't have the luxury of the business developing its own investment portfolio.

This is confirmation that those business owners are in reactive mode. This is probably why they are just keeping their head above water. They need to shift into proactive mode for the benefit of themselves and their business and a goal of financial independence for the business could be the trigger to make that shift.

So I challenge you to set a goal of financial independence for your business. You may find that in the process of achieving that goal you develop the degree of proactive thinking that makes your business more profitable than you ever thought it could be.

James Delrojo would like to help you by giving you his ebook "Unleash the Success Power of Your Mind" (valued at $27)completely FREE. Go to http://www.YourSuccessMind.com

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Work From Home - Online Resource Center for Home Based Online Jobs and Internet Based Business
Welcome to Work from Home?s ?an online guide and resource website to help you Start and grow your Home based Job and Business. Please note that we are only offering information on Work from Home Jobs and Business opportunities. We are not offering you a job or a business tie-up. Please read through the website as you will find valuable information and resources to start and grow your home based business. www.homebasedonlinejobs.com

Families Mourning Children Travel to Nashville for July Compassionate Friends National Conference
The Compassionate Friends self-help support organization for families going through the natural grieving process following the death of a child is hosting its 31st national conference July 18-20 in Nashville, Tennessee. More than 1300 parents, siblings, and grandparents, as well as professionals who provide support, are expected to attend the conference. Highlights include well-known speakers, more than 100 workshops covering most aspects of grief following the death, a pre-conference Professional Outreach Day, and the Walk to Remember Sunday July 20 at 8 a.m. This conference is annually the largest in the United States aimed specifically for those left behind following the death of a child.

SoGoNow.com -- Home of the Best Travel Article Written for the Internet in 2006
SoGoNow.com travel magazine announced that frequent contributor Linda Fasteson has won First Prize for the Best Travel Article Written for the Internet from The North American Travel Journalist Association.

Online Magazine is Home to the Best Travel Writing on the Internet
For the second year in a row, SoGoNow.com is the home to the best travel article written for the internet as judged by the North American Travel Journalist's Association.

Family Circus - Make Time For Family With An Internet Business
Sometimes, it seems like you don?t have a full 24 hours in a day. Between work, family, and sleep, there is no time for anything else. You never seem to have five minutes to relax, and on days when work requires overtime, you lose time with your family. In fact, it seems you never spend quality time with your children anymore. One way to get your life back under your control and manage time better is to start your own internet business. With an online business opportunity, you can decrease your work hours overall, as well as become more flexible and available for your family.

Internet Based Business: How Single Parents Could Earn Extra Income For The Entire Family
Are you a single parent who has been trying to support your children on a single income? If you have been having so much trouble making both ends meet with your present income, you might want to earn some extra money by setting up an internet based business. A big family with children can be very expensive and you definitely will need to earn some extra money to keep everyone comfortable. Having some extra money could really do wonders for you and your small children so you better start exploring other means of getting extra money for your children through an internet based business.

Family Travel at its Finest - European Villa Rentals Perfect for the Whole Family
Parents can easily find family friendly villa rentals in Europe with Rentvillas.com.

Internet Marketing Business - Your Home Based Internet Marketing Business and the Freedom Attached with it
There are various reasons why there are many individuals who want to start their own home-based Internet marketing business. Some are saying that the amount of money that they are earning from Internet marketing is higher compared to their monthly salary from their regular work. It even comes to a point that they are earning money similar to or more than the salary of their managers and department heads! This is relatively true, since there are Internet marketers who are earning as much as a hundred thousands of dollars within a month.

Sales of Children's Travel Bed Soar as Summer Travel Hits
Gentle Air has seen an increase in summer travel sales due to hotels at popular summer attractions charging high prices for rollaway beds and cots.

Work At Home Internet Home Business Opportunity
There are various opportunities for work at home Internet home business opportunities on the Internet Because of the Internet, there are many opportunities for people to be able to take care of their families and work from home and as well

Home Based Internet Marketing Business - Staying Organized In Your Home Office
When working from home there is nothing more frustrating than not being able to find things when you need them. While most home business entrepreneurs see themselves as never having any time, you have to spend some of your time to organize things. If you can't daily, you should at least try for once a week, you should set aside some time to put things where it should be. Allot of people have a saying that there is a spot for everything and everything must be in its assigned place.

The Best Internet Connection For A Top Home Internet Business
When it comes to working at your home business one of the most important things you will need is internet access Having a fast and relatively error free Internet connection is imperative for a person to be successful in working at home

Travel Insurance When Pregnant Or Traveling With Children
There was a time when pregnant women would avoid traveling altogether, but these days women don't let pregnancy stop them from going abroad and having fun. Only you can decide whether the pros outweigh the cons when travelling while pregnant or with small children.

Home Internet Business Opportunities: Reinvent Your Family
Think about your daily job, daily responsibilities, time spent at meetings, driving your kids to this activity and that sporting event, meal planning and preparation, house cleaning, on and on with our grossly busy lives, and what time is left for our family? Do you really think that 9-5 JOB is the answer to all of our hopes and dreams? Do you really think it was our personal goal to spend the majority of our lives at work? When was the last time you saw your son/daughter play in that school volleyball game or run in their cross country meet? Isn?t it time to put your family first?