Leegam inspire change

We are our own, with our mindset transformation, If we think a miracle will come to a mind who doesn't understand transformation. I am fearing what will be next.

This statement reflects the idea that each of us is responsible for our own personal growth and development, with our minds constantly evolving and adapting. if we expect something miraculous to happen in the life of someone who doesn't comprehend or embrace the concept of change and personal transformation, the future with be uncertain.

In essence, self-awareness and the willingness to embrace change it is a key factor in one's journey toward positive outcomes and personal growth.
Happy Week!

Title: Cultivating a Mindset for Affordability

Introduction:
In today's fast-paced world, it's not uncommon for people to feel constrained by financial limitations. While saying, "I cannot afford it," may be a common response, it's essential to shift our mindset towards finding solutions to afford the things we desire. Instead of dwelling on limitations, we should focus on proactive ways to achieve our goals and improve our financial situation.

1. **Financial Awareness:**
To move towards a mindset of affordability, the first step is to gain a clear understanding of your current financial situation. Create a budget, track expenses, and analyze your income sources. This awareness will help you identify areas where you can cut unnecessary spending and allocate more resources towards your goals.

2. **Setting Clear Goals:**
Define what you want to afford, whether it's a dream vacation, a new home, or further education. Having clear goals gives you a sense of purpose and motivation to work towards them. Break down these goals into smaller, achievable milestones.

3. **Budgeting and Saving:**
Once you have your goals in mind, create a budget that outlines how much money you need to save regularly to reach them. Make saving a non-negotiable part of your financial plan. Consider automating your savings to ensure consistency.

4. **Financial Education:**
Invest time in learning about personal finance. Books, courses, and online resources can provide valuable insights into managing money, investing, and growing your wealth. The more you know, the better equipped you'll be to make informed financial decisions.

5. **Income Enhancement:**
Explore opportunities to increase your income. This could involve pursuing a side hustle, improving your skills to advance in your career, or investing in income-generating assets. A higher income provides more flexibility to afford what you desire.

6. **Debt Management:**
If you have debts, create a plan to pay them off systematically. Reducing debt frees up more of your income for savings and investments, bringing you closer to your affordability goals.

7. **Smart Spending:**
Practice mindful spending by distinguishing between needs and wants. Prioritize spending on items that align with your goals and values. Avoid impulse purchases and look for discounts or deals when making significant purchases.

8. **Patience and Persistence:**
Achieving financial goals often takes time. It's essential to remain patient and stay committed to your plan, even when faced with setbacks or unexpected expenses. Persistence is key to building a strong financial foundation.

9. **Seeking Professional Guidance:**
If you find it challenging to manage your finances or achieve your affordability goals, consider consulting a financial advisor. They can provide personalized guidance and strategies tailored to your situation.

10. **Mindset Shift:**
Lastly, remember that the phrase, "I cannot afford it," can be transformed into, "How can I afford it?" This subtle shift in mindset opens up a world of possibilities and encourages creative problem-solving when it comes to achieving your goals.

Conclusion:
Cultivating a mindset for affordability involves a combination of financial awareness, goal-setting, disciplined saving, continuous learning, and smart financial choices.

By embracing this mindset and taking proactive steps, you can gradually turn your financial aspirations into reality, empowering yourself to afford the things that truly matter to you. Remember, it's not about what you can't afford; it's about what you can achieve through dedication and determination.

Using poverty as a strategy for developing a country is not a viable or ethical approach. While it might seem like a way to spur economic growth or attract aid, it ultimately leads to detrimental consequences. Here's why:

1. Human Suffering: Using poverty as a strategy means intentionally keeping a significant portion of the population in dire need. This approach perpetuates human suffering, depriving people of basic necessities like food, clean water, healthcare, and education.

2. Stifled Human Potential: Poverty hampers the development of a nation's human capital. People living in poverty often lack access to quality education and healthcare, limiting their potential to contribute meaningfully to the country's development.

3. Social Inequality: Poverty exacerbates social inequality, leading to disparities in income, access to resources, and opportunities. Such inequalities can breed resentment and social unrest, undermining stability and development.

4. Reduced Innovation: Poverty tends to stifle innovation and entrepreneurship. People struggling to meet their basic needs have limited capacity to invest in creating new businesses or technologies that could drive economic growth.

5. Negative Global Perception: Relying on poverty as a strategy can damage a country's international reputation. It may discourage foreign investment and cooperation, as well as hinder the ability to participate in global economic and political forums.

6. High Social Costs: The long-term social costs of poverty, such as increased healthcare expenses, crime rates, and social welfare programs, can outweigh any short-term economic gains.

7. Unpredictable Outcomes: Using poverty as a strategy can lead to unpredictable outcomes, as economic growth is often fueled by a multitude of factors beyond just low wages or low living standards.

Instead of embracing poverty, a better strategy for developing a country should focus on eradicating poverty, investing in education and healthcare, fostering innovation and entrepreneurship, promoting social equality, and creating an environment that encourages sustainable economic growth. A thriving and inclusive society is more likely to lead to long-term development and prosperity.

Uniqueness has the power to move mountains of uncertainty :

By providing innovative perspectives and solutions. When individuals embrace their unique qualities, skills, and ideas, they bring diversity to the table. In the face of uncertainty, this diversity becomes a valuable asset.

Different viewpoints and approaches, stemming from each person's uniqueness, allow for a broader understanding of challenges. This diversity of thought can lead to creative problem-solving and the discovery of unconventional paths through uncertainty. Embracing uniqueness fosters adaptability, resilience, and the ability to navigate uncharted territories with fresh insights.

In essence, the uniqueness of individuals contributes to a collective strength that can overcome uncertainties by embracing change, learning from diverse experiences, and finding novel ways to address challenges.

Be you... Be open to suggestions as they shape uneven angles.. however, never try to be someone else ... You are a valuable asset... Dig within and explore your God-given destiny

Let's talk about silent partner and why it can be a better option for some?

A silent partner in a business is someone who invests capital into the business but doesn't actively participate in its day-to-day operations or management. This arrangement can be beneficial for several reasons:

1. Financial Support: Silent partners provide much-needed capital to the business, which can be used for various purposes like expansion, purchasing assets, or covering operational expenses.

2. Limited Liability: Silent partners typically have limited liability, meaning their personal assets are protected from the business's debts and legal obligations.

3. Expertise and Contacts: Silent partners might bring valuable industry expertise or a network of contacts that can benefit the business without taking on an active role.

4. Risk Sharing: Sharing financial risk with a silent partner can be less stressful for the active partners, as they don't bear the entire financial burden alone.

5. Passive Involvement: Silent partners don't get involved in daily decision-making or operations, allowing active partners to maintain control and make strategic decisions.

6. Diverse Skill Sets: A silent partner can complement the skills of active partners, contributing to the overall success of the business.

However, it's essential to have a well-drafted partnership agreement that outlines the roles, responsibilities, profit-sharing, and exit strategies to ensure a smooth and mutually beneficial partnership

Think happy every moment.

Enjoy your week 👁

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Do you know That KPMG help clients with tokanization

10 steps to create a healthy business
Article provided by QuickBooks

Published: 27 August 2015

When starting or running a business, the key thing is always to start with a clear vision and a plan and to make sure that you stick to this along the way. No one can claim to have the magic potion that will determine success or failure, but there are some critical factors that need to be taken into account that can drastically affect your chances of getting it right. When it comes to business success in its most basic form, it’s all about the how and the why of taking action, and always being clear about which steps to take next.

To help this process, here are 10 essential things you need to know about running a successful business. This can be used as a checklist to make sure your thinking and your business plan are on the right track, or to help you get more information, strategic education or clarity for yourself on your overall vision, market or product or service.

1. Offer what people want to buy, not just what you want to sell
Often, people jump into a business built around a product or service that they think will be successful, rather than one that is already proven to have a market.

If you go too niche, you run the risk of not having a market at all. However if you make inroads into a category that interests you, offering the more basic products in that category but also some of the more high-end goods, you are more likely to succeed. It’s better to have a small slice of a large category than a large slice of no market at all – no matter how good you think the idea is!

2. Make cash flow a priority
One thing is for certain, cash flow is the lifeblood of a business, and it is absolutely essential to consistently feed bottom-line profits. The key to any successful business is finding ways of getting cash flowing immediately.

There are simple ways of making this happen. In a service businesses, you can ask for deposits on work up-front, with balances due on delivery. You can do the same in retail, especially on high-ticket or specialty items, if positioned as an added value and way to insure delivery by a specific date. Another clever method is to add value to generic items by creating private labels, and develop continuity programs where customers pay an up-front monthly fee to insure delivery or availability of items they will buy on a repeat basis.

What is key, is making sure there is little or no gap between when you pay for labour or stock inventory and when you actually get paid. Ideally, you'll find ways to get money up front, and your cash gap will never be an issue.

3. Continually look for ways to keep costs low
All the cash flow in the world is worthless if it's not positive cash flow, which means you have to bring in more cash than you pay out.

To do this, you need to keep your costs and expenses low. Simple ideas like never paying retail prices and looking for ‘experienced’ items with which to furnish your offices can go a long way to keeping costs down.

You too can get discounts from vendors by paying up front. It pays to do some extra work and research now to discover how owners and vendors are finding ways to work out deals, and you just may hit on whole new ways of doing business.

4. When planning, always overestimate expenses and underestimate revenues
Business owners and entrepreneurs all agree that they have generally underestimated start up and running costs and overestimated profits in those key first years of business. Being conservative in your numbers doesn't mean you are willing to accept those numbers, it just means you are arming yourself with information you can work with and work over. It means you can gauge the kinds of efforts and activities you will need to put into sales and marketing.

5. Make sales and marketing a focus
In business, nothing happens until a sale is made. From the get go, you'll need to find a good way to get leads, convert leads into sales, and make sure you keep getting repeat sales from your customers. Marketing and sales is key to this process.

Many entrepreneurs focus on getting their brand right before they start to generate leads. That is exactly the wrong way to go about business. Leads are always more important than your brand, so don't waste money getting your brand right at the expense of spending that same money to buy new customers.

Far better to build your brand from the ground up; building it from the top down is costly and time consuming. At the end of the day, the only truth is that without sales, you will not survive.

6. Find ways to increase profits
Most agree that there are five basic drivers that will lead to increased profits and it's as simple as getting more leads, converting more leads into customers, increasing the number of times those customers buy from you, increasing the average price point of your sales and increasing your profit margins.

Any business that does any one of those, while also keeping costs down, will see more profits. Businesses that do all of them will see exponential growth.

7. Test and measure everything
If you are not measuring, then you don’t know what’s working. Faithfully tracking and measuring results is essential as it will ensure that you do more of the good stuff and let go of the bad stuff.

8. Embrace the fact that learning more equals earning more
What many business owners forget is that learning always comes before earning. If you really want to succeed, you'll need to be committed to learning as much as you can about sales, marketing and operations.

What is great about it though, is that once you do that, the sky is the limit. Identify areas within your business acumen that are lacking and you then can decide to learn it yourself or hire an expert and learn as much as you can from that person. This might just be the answer to taking your business to a new level of success.

9. Don't discount, add value
Whenever you discount, you are taking money directly out of your pocket and from your bottom-line profit. So don't do it. Instead, create added value propositions all the way up and down your product or service line.

Whatever the industry is, look to hold your price points, increase your margins with the low-cost or no-cost extras and any kind of freemium offerings.

In the end, those little things won't cost you a lot, but will build up tremendous goodwill and word-of-mouth with your customer base.

10. Invest in a coach
Even if you don't get a business coach at first to help you and guide you in your planning and operation, get someone who is objective and outside of your business who you can rely on for nitty gritty business advice, and to hold you accountable to getting results.

Too often, we think we have all the answers and are the only people who can really get things done. The reality is that another set of eyes can work wonders for how you operate both on and in your business. An outsider can also make sure you are getting the numbers you need both on the top-line and bottom-line to survive.

Hopefully this initial checklist will be valuable in helping you clarify your thinking and prioritise some activities in your business, whether it is in the start-up or planning phase. Ultimately, success is about being as prepared as you can be, but also knowing and accepting that you will need to make changes and corrections along the way.

Start building up with affiliate marketing then move to agriculture .. build your capital 😎