Posts Tagged ‘Wealth’

Happy New Year to you and yours on this beautiful new day… I am lovin it here in beautiful Texas… Wherever you are, I hope you are loving life…if not, that is exactly what this is all about is Growth…

So many talk about reinventing yourself in the new year… I have always found New Year’s Eve to be such an awesome night to bond with friends and family and look towards the future… With that being said, it is not time to reinvent; it is time to grow towards the future. Where are you now and where do you want to be?

I hope among the hustle and the partying last night that you found some moments to truly reflect, but that time is not over. Spend some time today reflecting upon things and focusing on what you want out of life. As I said, I hope you are happy and loving life, but there is more for you… There is always more. God intends more for you then you could ever imagine.

So, what you have to do is stop thinking within your own bounds…. Stop allowing other people, society in general or even your own mind tell you what you can accomplish. Whatever you think you can accomplish is so incredibly small compared to you actual ability.

For your sake, do not limit yourself to what you can imagine.

I had a friend who asked me once, “If you are living the dream, what will you do tomorrow?”

I simply responded, “We’re in Texas… I’m gonna go home tonight and dream bigger… wake up tomorrow and live that dream.”

If you reach the point where you are getting all you wanted out of life, think bigger, dream bigger, and reach for more.

There are times in your life when you may need to reinvent yourself, your business, or just an idea or concept… A new calendar year is a new beginning and to me, is a significant point to which you should evaluate where you are and where you are going… what it is not, is a significant moment and time to reinvent.

Welcome to 2020… Let’s grow!

 

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I am building a brand and an empire… Another thing to work on in 2020…Shameless Self-Promoting… Don’t be afraid

“Show me the money” … not some of the money… not most of the money… Just show it to me… Show me all of it. Last time I spoke on accountability and found myself side tracked with the complaints on society.

What is most important here is awareness of your bankroll. In business as in life, if you want success, you have got to have your eye on the prize and to get there you must be in control of the steps you are taking. First and foremost, you must manage your bankroll; you can only manage it if you are truly 100% aware of where it is all at.

People without money think those with money need to manage it while those with money think they have enough that they need not worry about it. There is a reason that so many are wealthy at one point but do not stay there. This isn’t always the case, but it happens far more often than it should.

We are talking about building a business and growing it into something great. It is crucial to your success and prosperity that you are aware of your money… all your money. There are so many programs out there that will tell you of different ways to track your money. There isn’t one way that is the right way. There are many ways; you must find the way that works for you. The key is that you can not lose accountability of even one dollar especially in the early stages of growth in your business. Pick and choose whichever program works for you or design your own but take control of your finances.

It is important that you are tracking all your business expenses, even down to the post-its. It may seem silly, but there needs to be a proper budget in place. You must have a set budget for your business which includes an amount allotted for expenses, development, marketing, overhead, etc.
You must track everything otherwise something will inevitably be left out or forgotten. That something could ultimately be what drowns you for the quarter or the period or sadly drowns your company all together.

You have to control your money not the other way around. I have seen so many begin to make serious money and lose track of their assets by frivolous spending and lack of accountability. They quickly utilize credit cards to pay for things and can easily lose track of their finances if they are not careful. I was doing contract labor for this company for a while; this guy had a company that was seriously on the rise. He was growing and cashflow was not an issue… or at least it shouldn’t have been. The problem frequently was the multiple credit cards that the company was using. He had three credit cards that were his personal cards and one credit card that was the company card. The one company card should have been enough. For many companies it is… but he would allow one employee or contractor use it for a job and more than he would have planned on being put on the card would be added to the card. Then when someone else needed to purchase something, he would easily hand out his personal card only to later try to decipher everything. He not only made things harder on himself and his bookkeeper to reconcile, but it become exceedingly more and more difficult to track his spending until it was too late, and the money had been spent. This is not where you want to find yourself, especially when your business is young and on the rise.

Take control of your money and keep it. Know where your money is and where it is going before it is gone. You should be able to have a grasp of how much you will be spending before it is spent. You make a reasonable budget which allots for a slight reasonable amount of wiggle for flexibility.

You are in charge so take charge. Be in control of your business, your finances, and ultimately your future. It’s all In your hands… it’s up to you what you do with it.

Get Cocky and Get it done.

A good majority of our nation right now is struggling with money. They live paycheck to paycheck or even worse. Unfortunately, many live this way that do not have to.

There is so much money in our society and endless opportunity that so many are not tapping into for whatever reason. Do not allow money to hold you back or you will never get anywhere. Most of us were not born with our pockets full.

A large part of the problem is accountability. Many of those who struggle with finances are not accountable for their finances; either they do not hold themselves accountable and no one else does, or they just feel no obligation to manage their money. I truly believe that this is the biggest problem. So many people who find themselves on the lower end of middle class will tell you that wages are the problem in our society… I will be the first to say that this is far from the real problem. Yes, minimum wage is not desirable to make a true living off and support a family… but it isn’t intended for that. Minimum wage is intended for high school students to put cash in their pockets and learn a little responsibility. There are too many young people getting married right out of high school or even worse, before they get out of high school. They are having babies while they are still babies. This is getting so extremely out of hand. These children are not ready for the real world. That is what that first after school job is for, to help you prepare for the real world; taking orders, following instructions, managing money, paying for gas… all the little things that adults should be able to do without problems arising. At some point if you work hard and get to the level you desire, you will no longer be taking orders and you will be giving them… but that isn’t for everyone.

Okay… I have gotten off on a bit of a tangent… truth is that society is not the problem. The people in this society need to take responsibility for themselves. Sadly you hear these things shouted by the rich and wealthy everyday and they are not taken seriously because how could they understand. Kanye West is criticized regularly because he is very outspoken and he believes that so many suffering choose to stay and suffer… form those in slaved, impoverished, and just the lower middle class…. It is odd to see these all in the same sentence, but it is relevant in this conversation. It isn’t about the level of suffering, it is about the suffering. You will hear from many in the lower middle class about their extreme level of discomfort although the mass majority of them do not know suffering on that level. You would think they were starving the way the whine and complain about how society should change and be doing more to help them. It isn’t society that should change, it is them. They can make the difference. First, whether people like to admit it or not, society is made up of us… that’s right… us… And ‘Us’ includes all those who are complaining about ‘Us’. Get involved and make a difference in society instead of sitting back and complaining about it. Those actually involved do not often complain; they see the little changes that they are making and they know that there is more to come. It is the ones who are doing nothing that is actually valid at all; those are the ones complaining. They sit back and complain about a society that will not save them while they will do nothing to save themselves and will do nothing to aid the society in its progress. It is beyond ridiculous.

Again, I am finding myself off on another tangent as this is just something that has always bothered me. I was living on my own at 17 years old. I fought for every inch I ever got. I am not one of the Kanye’s of the world and I am saying while I do not agree with all of his thoughts, I do agree that many people choose to do nothing to change their status in life. They whine and complain and kick and scream… try making the change yourself. That is what this country is all about. You want things different, make them different. I lived just fine off of minimum wage and had a child when I was far too young to have one and was not ready for it… I didn’t cry and whine and ask the government or society to take care of me… I got out there and got another job and worked hard to get promoted at the job I was already working. I worked at Taco Bell and Burger King to provide for my daughter. A year or so later, I was working three jobs. I worked as a cook at Jim’s diner in the evenings and was a shift manager by this time at Taco Bell and was a bar back at the night club EastWood 2000 which. This was bringing me a good amount of money in. I still wasn’t in the best financial place because at that time, I had yet to figure out how to handle money. I could make money, but it flew out the door. Later, I got myself back into school, finished my diploma via correspondence school through the mail; I took all my high school courses over again rather than transferring any of them because I wanted to do better this time. I got my diploma and took my SATs and got myself registered at ACC and eventually got into the University of Texas. I did all of this while building and developing my first business. I can do it and so can the rest of you. It isn’t society’s fault… I am a part of the same society and I didn’t need you all to bail me out and I don’t want to bail you out. I would rather teach you the skills that you have somehow never attained and aid you in getting where you are going. I am not giving you a fish… let’s go fishing. Are you with me… sadly, there are so many that are saying, “no, someone else will give me a fish.” If you are one of the many would like some help becoming more successful and finding financial freedom, be sure to click the button to the left and follow my blog. I want to help you get where you are going and find the freedom and independence you desire.

So, the place where I started was accountability… and let’s get back there. You need to be aware of your money. You must know what is coming in, when it is coming, and where it will be going. If you are not accountable for your cashflow, it will get away from you and you won’t know why. Take control today and stop allowing this to happen to your finances. You can gain and lose everything simply by money management. If you manage things properly, you can grow your business or your personal finances to great heights while mismanagement can leave everything you have in ruins.

I am going to get more into accountability next time. I just felt compelled to touch on some other things today, so I had to get them off my chest.

Sometimes we need to be reminded the proper perspective that is needed to achieve the success we desire. You are launching and running your own company. You are growing into a great entrepreneur… This is not a job… This is not a career. This is a lifestyle.

You must eat, sleep, think… your business. You must give it your all. You’ve got to put everything you’ve got into growing your business. There is no time to waste.

Late evening, you need to be contemplating your next move; what is it you need to work on tomorrow, what new directions should you be growing, where you should be investing time and capital. Sit back, ask yourself these questions, and find answers. Know what your mission is. Now that you know, pour yourself a drink; you’ve earned it. And marinate on your plans; us Texas boys know everything is better once its marinated. Then grab a few winks… you can’t afford to sleep long. Remember, “money never sleeps.”

When the alarm goes off, your feet hit the ground ready to run; lace your J’s and let’s get cocky. You should already have a list from last night with a rundown of the game plan; you need to be sure it is prioritized appropriately. Then get it going. Get your cashflow going where it needs to go; that always needs to be of the highest priority. If you don’t know where your money is and where it is going, you won’t be able to make calculated moves throughout the day. Be sure you know what you can invest where and how much you have designated for marketing and be sure that money is already on its way where it’s going.

Now start closing. This applies to whatever type of business you are running. If you are in sales, start selling… make your calls, send your emails, market your product. If you in investments, get out there and find the big fish. If you do consulting or copywriting, you‘ve got to market yourself. Marketing yourself is a never-ending task. It becomes a part of all you do. Truth is when you are running your own business, building your company you are always marketing yourself. Even when you are marketing a product, you are the face… you are the name… this business is you, and you are the business.

Throughout the day, no matter what tasks you are working on, you need to remember that all that you do reflects on your business.

Remember if you are going to be an entrepreneur, it isn’t a job. It also isn’t a career. It is a lifestyle. Fully commit yourself and believe it and live it. Get cocky.

What is the ultimate goal? Have you truly given it the necessary thought? What are you putting into your business?
These are questions that need immediate addressing. You must know where you are going and what you’re doing.

I know what I’m in and where it’s all going. I am not simply running my own business… I have a plethora of projects and operations I have going on presently… I am building an empire. I will settle for nothing less.

Be prepared for your future and know what that future is. Create your own fate.
Decide where it is all going and begin speaking it… to your friends and family… blast it all over social media. This isn’t one of those ‘be positive and just speak it into existence’ situations. What I am referring to is accountability. You start telling everyone and speaking it over and over again… Well, now you’ve got to follow through with it. No excuses or backing down. You spoke it… make it happen. People will begin to check in on you, reminding you that you’re not yet there or giving you that confirmation that you’re on the right track. Make your vision a reality, and then make that reality grow.

There is a reason that not everyone runs their own business and works for themselves… This is America, the land of the free… the land of opportunity… No one is prohibited from doing this, but not everyone is cut out for it. Don’t be one of the many who think they are; know that you are. You can’t go into this halfcocked. You must know and believe in your goals and your mission. Set the standard for what you’re doing, how you will get it done, and then exceed that and then some. If you want to reach the true heights of your potential, you’ve got to be all in. You must fully commit.

Put no limits on the time in which you are going to put into your work; break down any boundaries that may stand in the way of your success. Know now that your future is in your hands and let no one tell you otherwise. You have got to be in control and be the driving force that carries your business to that next level. Let nothing stand in the way and get it done already.

I want to be able to help you reach your potential and get the success you’ve always dreamed of. You are capable of building something great… if you are willing to put in the work.

So, step it up… Get Cocky…

If I am going to help you, all I want is everything you’ve got.

You know you’ve heard the phrase before… “the struggle is real” … We hear this all the time. You see it again and again in hash tags across social media; it is used to refer to so many different struggles… being a parent, making ends meet, work, fitness, weight loss, just life and the everyday balance of everything.

When people see this hash tag, they get one ‘Like’ after another as if people feel as though they are a part of something. Are they really? There is this false sense of psychological confirmation that you aren’t alone because others agree they feel the same struggle. This is classic enabling although they won’t see it that way. They believe in the struggle; again, it’s real. (sometimes you see this hashtag and aren’t compelled to click ‘Like’, instead you almost laugh)

You will sometimes even see supposed entrepreneurs hash tag this phrase when referring to their daily hustle… I say supposed entrepreneurs because with social media these days, anyone can give themselves whatever title they want on their multitude of profiles; it is meaningless if you haven’t earned the right to claim such status. They haven’t sold anything, closed any deals, they have no legit company or business to speak of, yet they claim they are an entrepreneur and their struggle is real… I suppose they may really be struggling to find where they are going and what they are doing. Maybe they should step back and figure out if this is truly the path for them. I am a firm believer that everyone has something to offer, and if you desire to be your own boss, you need to figure out how to make it a reality. Some people don’t have the ambition or the drive to be their own boss and that is okay…

Those of you who are determined that this is the life for you, good for you. Now, lace your J’s and eat your Wheaties… It’s time to Get Cocky and get it done. In the world of entrepreneurism there is no room for weakness or whining. We do not shy away from a challenge or complain about the obstacles we find standing in our way. In life and in business, you have to find yourself doing what you love… There will be times when you are doing things you don’t, but it is all in efforts of getting to that place that you do love.

I have a good friend, Greg, who I refer to as G-Money because this guy is ‘all money’ all the time… he just has it all together. This is a man who is married with two teenage boys whom he is heavily involved in their daily activities. He is a great dad, a hard worker who never complains when extra things are laid on his desk, very much a team player. He’s an incredible bassist, singer and front man to a successful band that gigs regularly, sometimes a couple times a week. Moreover, he keeps himself in top physical condition always. He keeps his game tight. Most of us know a person or two that just seems to have it all together. Truth is that nobody has it all together; things are never perfect even when they seem as though they are. The big difference between your friends that got their game tight and the ones that continue to speak of the struggle is happiness. My man, Greg, is happy; he loves his wife and boys, enjoys his job, his band, his workout. He enjoys how he feels and what he’s doing even though he faces challenges all the time just like anyone else. He doesn’t look at the challenges as struggle; he just faces it and gets it done. Like I said, the man is just all money all the time; he isn’t stifled by nonsense.

If you aren’t wired to be that way, you can learn… but learn fast. You’re on your way.

Trials and tribulation may come your way, but we, the gladiators, never refer to what we do as the ‘struggle’. We own the day and the issues that come our way.

There is no struggle… only hustle.

We have all made different choices in life, and you will not hear me claim that one is better than the other or that one is ‘right’ when it comes to life choices…

Some have chosen to get started building their company when they were younger and before they had a family… they have the freedom to be on the hustle for fourteen hours a day and get it done. They can better take advantage of their opportunities without having to give thought to other things…their friends and family will support them and understand the time they must stay moving and grinding because of the business they are growing.

Now some of us started a family young or just realized we wanted to own our own business later in life. Now, whatever your path (trust me, they are all different and there isn’t a right way…although there are some wrong ways) there is a way to make it work and get your business going. The biggest obstacle that you may face oddly enough is balance… You need to remember that although you are doing something big for your family by developing this company, you can not neglect time with them to get where you’re going. This can be incredibly difficult.

You are going to feel at times that you just need a little more time to get this one thing done; before you know it, someone else is trying to contact you; a client, customer, investor, contractor. That ‘little more time’ turned into a lot more. You are going to have to be able to set proper boundaries and hold firm to them, so others don’t monopolize your time. Not only is it the right thing to do to continue to be available to your family because your family needs you, you will also need their support in order to get where you’re going. Y’all are a family and must work together to develop this company and grow it to the level you desire.

No matter how much you try to prepare for this, it will inevitably get away from you. You’re human and it happens. Even when you are working for someone else, it is easy to get wrapped up in something and miss a little family time… It is even harder to prevent that from happening when it is your company, and you are working diligently to grow it. You must keep things in perspective and be know now at times you will get lost in your work. Be aware of this and never stop making efforts to be present for your family. You will get lost in work from time to time but be sure they know your situation and know what you’re working towards.

If you make efforts to keep the family involved and in the know of what is going on, they can be more understanding and less likely to feel as though they have been pushed aside for your new business venture. You never want them to feel that your ambition is priority over them, and you never want to get to the point that you feel they are in the way of your ambition…. Communication is key.

Be sure to communicate your goals and expectations while including some time designated for the fam… You need to control this delicate balance. They will help you thrive and you will reach the heights you desperately seek.

In the business of running your own company, you must remember that everything rests on your shoulders. When you are developing your company, there is only you. As your company grows and thrives, there may be more than just you, but it will always rest on you. You are responsible for everything that is happening in your company and everything that others do on behalf of your company. You must keep these things in perspective when you put others in a position responsible for getting things done… you are still responsible for them and for what they accomplish.

This is your business… this is your future and know that the things that will be thrown at you or sometimes dropped right on top of you may not be easily predictable. You will try to prepare for the things that can and will inevitably go wrong and the obstacles you will face, but you will get surprised again and again…

No matter what you are faced with, remember there is always things to be done, moves to be made. Things may even seem bleak at some points… I have owned multiple businesses that have failed… or just fizzled… some because of partnerships that went sideways, some because wrong decisions were made, and others… well that is the nature of business. There is timing and marketing… right place and right time. There are so many factors that come into play and sometimes you just can’t clearly pinpoint what has gone wrong.

You have got to be calculated in the moves you make. Be sure you know what you’re getting into, where you are going, why you’re doing it, and do you honestly believe in it. You have got to weigh all the factors that go into what you are developing. Is this a viable business? Is it the right marketplace? Do you know how to market it? Is this something you can do on your own or do you need partner or assistance getting it going or maintaining it? There are so many things that need to be contemplated.

Many people fall into an idea, or it falls into them…

Even when you feel you have given everything careful consideration, life happens, and twists and turns are bound to hit you and your business. Roll with the punches. You will get through it… Just as you contemplated all the risks and options before your company jumped off the ground, you must weigh in on all these again when problems arise, or you feel things are crumbling around you. You can’t hang it up so easily, but you mustn’t continue fighting a fight that is futile. You have got to know that you are fighting a fight worth fighting for or cut your losses at the opportune moment. If it comes to that, and you must hang it up; this isn’t the end. You move on to the next project; you live to fight another day. These things happen; do not allow them to cause discouragement as this will only stifle your productivity on your next big thing…

No matter what comes or how bad it may seem, you are in the drivers’ seat. It’s up to you if you get where you’re going.

Get Cocky. And own it…

To you, the young entrepreneur… to be clear, young is not at all about age; it is about experience in the game. How much time have you put in? Have you put in the work? Reality is, it is more about the status of your company than the actual time in which you have put in. Don’t get it twisted… time and efforts are important, but for today’s discussion, we are focusing on people’s idea of Saturday.

To a young entrepreneur with proper drive and motivation, a Saturday means nothing more than the sixth day of the week… too bad for those who think the week only has five days in which you can work, earn, and grow. Five days…? Who are you clowning? You have a company that you are trying to grow; how can you take a weekend to rest? How does Friday or Saturday become a day to party? You feel as though you have worked a long week… you’re tired… you deserve a break…
“I’m in a good spot and will pick back up on Monday,” you say as you text your homies to figure out where the hot spot is tonight.

Truth is, you have not yet earned that privilege. You have to get there… You have to put in the work and earn that time off. If I am having to tell you this, you have the wrong perspective…

If you want to reach the height of your true potential, you must be committed to getting it done. You have no time to be wasting at this stage in the game. You have your whole life to party and enjoy a day off. Get there first… Earn it!

For the avid entrepreneur, fully joy, and eager to get it going, they need not be reminded to get back to work. You are a soldier fighting for something… fighting for financial freedom, to break the chains of conventional society that says normal is a 9-5 Monday through Friday job, and ultimately find true independence in one’s skills and abilities to market said skills. This is where you are going… you can not lay down and give up the fight until you have fought and won.

“I firmly believe that any man’s finest hour, the greatest fulfillment of all that he holds dear, is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle – victorious.” – Vince Lombardi

The great Vince Lombardi could not have said it any better… These words speak volumes when referring to football, life, and even business. If you want to win, win.

You don’t take a day off until you win. Get there already and earn that day off.

You’re on your way and believe me that day off is going to feel great when you know that things are running smooth in your business and you can truly embrace your time off.

We talked before about the people who can’t seem to get themselves paid from their business… now, we are going to talk about the people who seem to get paid to much based on their business… It is another one of those situations that almost doesn’t seem to be real until you see it happening…

Okay, so as a young company grows, it begins to gain leverage especially the more potential in success that it is showing. I was working contract labor for a company that was incredible, and they were on the verge of serious growth. They had assets and contracts for new projects which gave them more leverage for more growth. The idea is that with more contracts signed and guaranteed, although they have yet to be paid out or paid in full, you can leverage those contracts for bank draws which gets you more cash in hand now to handle all the things you need to handle to get said projects done. They had multiple different kinds of projects that were in the works which is great because this company was growing it was an amazing thing to see happen. Their expenses kept them in the red so frequently, but the president and vice president of the company were making huge salaries. Now if they would’ve decided to take smaller salaries to keep their business out of the red or at least closer to the black, this would’ve been very beneficial to the growth of their company. Their company would have also looked much better on paper than it did at times. As mentioned before, this company was growing and looking great but what little people knew was they lived in the red far more often than they needed to.

I worked contract labor with another small company that was not nearly on the same level but frequently had problems having his company live in the red because he just wouldn’t manage it properly. The owner of this company was bringing in lots of revenue, but he was one of those owners that didn’t set a specific salary for himself, rather he just took what he needed from the business account whenever he wanted to. When business expenses came up, he would prioritize what he felt was important. He would frequently take care of personal stuff or family stuff right out of this account as well… when a business expense bill came due, and he felt it was excessive, he would not dispute it; he would just disregard it and not pay it. He always said he would find another way to get the job done… open a new line of credit elsewhere or something. His business destroyed his credit even though he was making more than enough to rebuild and perfect his credit. He just allowed things to go unpaid and fall behind. It was sad to watch as I knew the man had so much potential; he would be owning his business if he just ran it better.

Then you take a man like Steve Jobs who is widely accepted as one of the great success stories of our time… no one disputes that. For those who do not know, Steve Jobs was voted out of Apple by his board members. When he was later requested to come back to the company as CEO, he accepted a mere $1 a year salary along with shares in the stock of the company. He believed in his company so much that he knew he would make more money by taking stock instead of cash and he wanted everyone else in the company to see how much he believed and cared about this company. He was not wrong either. When he came back to the company, shares were $3.19 and grew to $365 when he retired fifteen years later. His company was obviously more developed already as it was be traded on the US stock market… but the principle still stands. He was going to put into his company and fight for his company. He wasn’t going to take what he had yet to earn.

The idea is that you should not be taking from your company what it doesn’t have. You do need to get paid… That is a reasonable thing. But you must be smart about things. Especially when your company is still a young and growing…. No matter how successful it is right off the jump, be mindful that there is a balance to how you should be doing things and managing the financials. You do not have the right to take from your company… You have to earn the right to get paid… so get there… get that money flowing in. Once you have put in the work and your company is rollin’ and growin’, then it is time to get yours. It will happen in time if you put in the work. Don’t be over eager or greedy… there will be time to get paid.