WEEKLY LESSONS
Business & Personal Focus
- Change always starts with the “Man (or Woman) in the Mirror”
- Business Plans are not documents to be filed away after your grand opening. They are your roadmap (GPS)
- Look at the long term final objective and travel backwards down the steps required to achieve it.
- Enjoy and be passionate about your work. However, work can be fun, but it is not “play.” Know the difference. One is economically productive. I’ll let you guess which one.
- There will be struggles. Struggles make your objectives more challenging. They develop your character and bring out your competitive tenacious nature; traits that help us grow physically or mentally. Without struggles we never discover our potential or what we are truly capable of. ie. A friend of mine was afraid of water and would never consider surfing. She rationalized that under the supervision of a qualified teacher it should be safe and she’d go for it. Maybe it was her fear of water that caused her to stand up on her very first try. (Just kidding.) In the end she realized she really could do it and ended up with some great pictures. Her kids and 6 grand children couldn’t believe their eyes! (Well at least I imagine they couldn’t)
- You can go broke buying bargains. You must always be able to afford the bargain. Your expenses must always be in line with your objective. In some states, like business unfriendly California, you actually pay taxes on capital you hold onto. Be sure to factor in these taxes into your new expenditures.
- February 6th, 2010, by Michael Patrick Murphy, Founder Economics101.biz
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Financial Reference Books
Banking and Investment Advice by Robert Page
Legal Services by Michael D. Tracy
Emergency Preparedness and Home Defense
Health & Self Defense
Dealiing with Government by Michael Patrick Murphy