71 episodes

Inspiring stories, daily helpful tips and business growth strategies from interviews with fellow entrepreneurs .

Annette Ferguson In Audio Annette Ferguson

    • Business

Inspiring stories, daily helpful tips and business growth strategies from interviews with fellow entrepreneurs .

    #075 Are you excited?

    #075 Are you excited?

    Hey Money Makers!

    Today I want to speak about how to know what opportunities to go for in your business. Now if you have opportunities that present themselves or potential clients in your business and you are not so excited that you want to run and call your best friend or partner.

    Then you might want to have a quick check as to whether that opportunity is right for you. Is that actually going to be pushing you forward, is it going to be financially profitable, emotionally profitable for you in your business if you do not have that type of reaction?

    Think twice when a new opportunity presents itself.

    Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

    • 55 sec
    #074 Cash Capasity

    #074 Cash Capasity

    Hey money makers!

    Today I wanted to share with you how to calculate your cash capacity in your business. This can be a really useful matric.

    First of all you need to know what what the balance in your bank account is up to date. What is your current account balance?

    Then you’ll need to know what your accounts payable total is (what you owe to others) and what your payroll requirements are over the next 60-days.

    What you do is take the cash in the bank and divide it by your accounts payable and payroll due for the next 60-days and that will give you a number.

    If the number is between 1 and 3 the business is healthy in terms of cash.

    If you get a negative number like -1 your business is not so cash healthy.

    If you’re higher than 3 then it’s bloated in terms of cash.

    If you’re below 1 then you need to look at a cash management strategy to bring that back into a healthier position.

    Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

    • 1 min
    #073 Every business is a family business.

    #073 Every business is a family business.

    Hey Money Makers,

    every business is a family business because every business either takes or gives to you family...it either gives money, time and energy or takes time, takes money and/or takes energy.

    So, watch how you are building your business and how you want it to interact with your your family and make sure that your business is delivering to your family what you are wanting to deliver.

    Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

    • 33 sec
    #072 Focus on outcomes and not just the dos

    #072 Focus on outcomes and not just the dos

    Hey Money Makers,

    Now those people that are the highest performers in their area (business or sport etc.) they focus on outcomes rather than to dos.

    Because the problem is if we focus on a to do we’re always failing because as a business owner our to do list is so incredibly long that by the end of the day we don’t manage to finish it.

    That is how I felt when focusing on to dos. So try switching it up!

    Focus on the outcomes that you are wanting to achieve. Then think about the outcomes you need to achieve in order to get you to your vision rather than focusing on those to dos and not achieving your desired outcome.

    Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

    • 1 min
    #071 Focus on the glass being half full

    #071 Focus on the glass being half full

    Hey Money Makers, and today's top tip is focus on the glass being half full!

    Even in bad situations if we can exploit the benefits of those then it makes life and business so much easier. Of course, bad things are going to happen in our business because that is life and life isn't always rosie!

    But if we can take the good stuff out of the bad stuff that happens then that is going to progress your learning, make your life easier and progress your business going forward as well.

    So let’s think of the glass half full!

    Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

    • 36 sec
    #070 Knowing where to invest in your business.

    #070 Knowing where to invest in your business.

    Before you invest anymore money in your business you need to get really clear on your vision, and you need to understand where you want your business to get too, and where you are now in order to know where to put that investment.

    Too many times I see business owners reinvesting money in their business just because it’s the new next best shiny course that’s just come out online because they like the guru selling it.

    So, be really clear on your businesses vision and where you are now and then you’ll know where to invest your money effectively without getting sidetracked by that shiny new course just coming out.

    Join in the movement at: https://www.facebook.com/groups/BusinessWealthEngineCommunity/

    • 48 sec

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