Be Truthful: Review your Financial Goal

  Have you ever taken a quick glance at your financial goals? How much you’ve achieved and how well you’ve impact lives?

Answer these questions. Let us know how much you fared.

Have I identified financial goals to achieve?

Are the goals on track and in order?

Do I have a goal for my child’s future?

Do I have a goal for my retirement? 

Have I revisited them recently?

Do I need to make changes?

5 Secrets Entrepreneurs Will Never Revea

Being an entrepreneur is one of the happiest fulfillment in life, as having to see your own business succeed is the most treasured gift you can give to yourself. However, success has its pros and cons but no matter how bad the cons are, the pros always win. Right?  Here are 5 things a successful entrepreneur wished he had been told:

1. It is lonely at the top. Yes, it’s cliché but that is what it feels like when you always have to make the final decision and bear the ultimate responsibility. You can get advice from a management team or an advisory board, but the buck stops with you. Remember: There are always upsides. When things go bad, it’s your responsibility. When things go well, you get to enjoy the profits.

So dear entrepreneur, brazen up, you’ve got a long night to spend alone with your decisions.

 2. They have doubt daily. For all the bravado, ego and beaming confidence, entrepreneurs daily have a crisis in confidence. They think – “what if I am wrong?” No amount of reassurance from customers, employees or advisors can quell this nagging fear.  Remember: Every entrepreneur has doubts. An uncertain outcome is what makes the business so exciting.

You’ve got to be daring and self-assured even in times of crisis. Watch out! If you do not have any doubts about your decisions, lose some sleeps and worry a little then something in terribly wrong.

3. They fear failure. As much as they say they value failure as a way to learn, they are scared when it happens to them and wonder if they will ever recover. Many times there is really nothing to learn from failure. Remember: When you do fail, learn what you can and then let go of it. This will give you another opportunity to succeed.

Oh dear! Aren’t we all afraid of failure? But then, the good news about failure is when you know where you went wrong and then hit the ‘Do Better Next Time’ button.

4. They are worried about going broke. They are constantly thinking about the financial risk they are placing on their family and the money they have borrowed to make this venture happen. They fear being penniless. Remember: Don’t bet the entire farm. Set limits on your personal investments so if the business goes bad, you will get a second chance to succeed.

Remember the story of the farmer who placed all his eggs in one basket? He was so excited about his first major produce that he quickly packed all the eggs in a cart without placing them carefully or properly in the basket. He got to the market square with cracked eggs. He made little profit because he had carried all his eggs in one basket.

Do you know a better story? Share with us.

5. Success can sometimes be a relief. Rather than celebrating success, they see it as temporary relief and are afraid to celebrate too hard. Remember:  It is important to pause and celebrate the victories since that is what will be remembered the next time you fail.

Relax, enjoy your success. After all, the thought of failure may have propelled you to succeed.

So what do you  think?

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