Make Money at Home

A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.

The 4th C: CUMULATIVE MONEY PROBLEMS

Conflicts over money are very high on the list of reasons that 70% of business partnerships fail. I’m not referring necessarily to lack of money. The damage to business partnerships stem from the fact that each of us have different attitudes about money and therefore handle it in different ways.

The most hopeful scenario is that differences have been discussed openly at the outset of the partnership and are continually a topic reviewed with level heads.

Most often that is not the case. Here is a sample list of the types of problems businesses run into around money where partners can have very opposing views:

• financial risk taking

• collections

• investment of profits

• family involvement on acquisitions

• under-capitalization/ involving outside investors

• perceived inequality in remuneration of each partner based on each one’s view of each other’s work and responsibility

• hiring and salaries of employees

• investments in outside experts to train, coach, market, etc.

The money issues in business that accumulate over the course of time are based on many factors, some personal, some internal to the business and some on outside forces beyond anyone’s control.

Bill and Vincent were investing in a new business. Vincent was unemployed with limited funds, so at the outset Bill did the financing. There was growing tension between them because of this. Bill felt he had more right to make decisions. He also had a subtle way of belittling Vincent because of it. How could such interaction be a good basis for a new business?

They were wise enough to seek coaching, during which I helped Vincent spell out the behavior that was not obvious to Bill. Vincent on his own was too uncomfortable to communicate clearly how he was feeling. When it was out in the open in our coaching sessions they were able to make some changes so Vincent was able to contribute more in ways that made him feel respected. They also set some goals and deadlines for adjustments in the financial contributions.

Open communication in this scenario prevented problems from escalating into major conflict which could have ultimately ended the partnership.

Partnership agreements can go a long way to spell out how money decisions will be made. However, partnership agreements are not very efficient in predicting how personalities will react in various unforeseen situations and crises.

Protect your partnership as much as possible. Choose your partner wisely. Choose your business wisely. Engage a coach early in the process. Here are some of the ways it will pay a high return on your investment:

• make sure partners are on the same page and well suited

• discuss important issues unique to you for the partnership agreement

• improve communication and as a result focus on the smooth functioning of the business instead of on personality issues

• better and more efficient decision making and problem solving

• greater commitment to the end result and less time wasted in disagreements and problems

• more pleasant atmosphere carried over to employees, clients and vendors

• devoted employees

• better service resulting in increased bottom line

Do you have a challenge around your business partnership or any other type of partnership? Give me a call or send an email. I offer a complimentary coaching session so you can find out if it’s the right vehicle for you to move to the next level in your business and relationships.

About The Author

Dorene Lehavi, Ph.D. is principal of Next Level Business and Professional Coaching. She coaches Professionals and Business Partners and teaches teleclasses on techniques to break through barriers to the next level. Dr. Lehavi offers a complimentary coaching session so you can experience how coaching can work for you. Contact Dr. Lehavi at Dorene@CoachingforYourNextLevel.com or on the web at Http://www.CoachingforYourNextLevel.com. Subscribe to Mastering Your Next Level monthly e-newsletter at http://www.coachingforyournextlevel.com/newsletter.html

dorene@nextlevelpartnership.com

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Do I have what it takes to become a super affiliate marketer?
What are the ingredients of an affiliate marketing success
story? Is there a shortcut strategy to affiliate marketing
brilliance? All these questions linger around in the minds of
affiliate marketers who desire to make it big in this business.

Although affiliate marketing is publicized as one of the easiest
and most effective ways to generate money online, it is not as
easy as it appears to be. The shrewd affiliate marketer plans
every action and implements every action the best way he can. He
should also increase the potential to earn by utilizing the
right tools necessary for a thriving affiliate marketing
business. I have sought advice from some of the most successful
affiliate marketers in the business for you and below are the
top three mandatory tools for a successful affiliate marketing
business.

Important Tool #1: Your Own Website

The most important and indispensable tool in affiliate marketing
is your own website. The first step in any successful affiliate
marketing business is building a good, credible and professional
looking website. Your website is the jump off point of all your
marketing efforts. Thus, you must first build a user-friendly
website, which will attract your prospects and motivate them to
click on the links to the products and services you are
promoting and make a purchase. Therefore, you must first focus
your efforts in building a website that will cater to what your
prospects need.

The most important thing you should consider is that almost all
web users go online to look for information, not necessarily to
go and buy something. Above all else, make your website full of
original, relevant and useful content. People will love articles
that are appealing and helpful. Keep in mind that, in the
internet, content is still king and good quality content will
not only build your credibility, it can also help you achieve a
higher search engine ranking. By posting relevant and useful
articles, you establish yourself as a credible expert in the
field, making you a more dependable endorser of the product or
service you promote. Establishing a good name is a good step in
building up a dedicated consumer base.

Important Tool #2: Offers And Incentives

Competition is a very major problem in the internet world. You
must always be one-step ahead of your rivals to ensure that you
capture a significant portion of your target market. Therefore,
you must use every possible means to motivate individuals not
only to visit your site but also to click and proceed to the
websites of the products and services you are promoting.
Building an opt-in email list is one of the best ways to gather
prospects. Offer a newsletter or an e-zine. Better yet, offer
incentives to your prospects to encourage them to subscribe to
your newsletters. You can present free softwares, free online
videos, access to exclusive services and other freebies that
will be helpful to your prospects.

Important Tool #3: Link Popularity

The importance of driving highly targeted responsive traffic to
your website cannot be emphasized enough. The all-important web
traffic is at the top of the list of the most important entities
in the internet world. Attracting people to your site should be
the foremost step you carry out. Do everything possible to
achieve a high search engine ranking. Link Popularity is one of
the major factors that search engines use to determine search
engine positioning. Therefore, to enhance your link popularity,
you must launch an aggressive linking campaign.

One of the best ways to do this - at no cost at all - is by
submitting articles, with your website’s link at the resource
box, to e-zines and free article sites. You will not only gain
exposure, you will also have the opportunity to advertise for
free, just include a link back to your site. The more sites you
submit your articles to, the better your link popularity is.
Make your articles original, relevant and useful so that more
websites will pick it up and post it.

These are but three of the numerous tools that an affiliate
marketer can use to increase earning potential. The
possibilities are endless and are limited only by your
imagination, originality, resourcefulness and resolve. You can
always explore other ideas and adapt other strategies, which you
think might help you become a high rolling affiliate marketer.

Melvin Perry is offering his free step by step online video tutorials that show you in detail how to build an extremely profitable affiliate marketing business by building a huge email list. You can get these at work from home businesses.

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Have you thought about your retirement income? or do you avoid it, thinking there will be time in the future to consider retirement preparation and planning. Do you assume that retirement finances and savings will all be taken care of by the government?….. Then THINK AGAIN!

With all the medical advances of today people are living longer, and if we consider the total life expectancy of the average healthy person it could quite easily be said that retirement will represent a good 30% of our lives.
Thinking along these lines, isn’t it then a reasonable assumption that a lot of thought and planning would be used to ensure that we are financially covered, regarding retirement income for those twilight years?

Clear Your Debts.

The biggest boost anyone could have when going into retirement is to be financially free; easy for me to say, I know! but consider this fact; what is the point of having regular savings stashed away somewhere earning that astronomical x% interest when you have re-payments to meet for whatever loans you took out that are costing you 2, 3, or 4x% to pay off.
In short, first pay off the debts, cut out the unnecessary luxuries, and get free from being dependant on others.

Debts Paid? Now Start Saving.

Contrary to popular belief, it is never too late to start saving, but do it wisely, make your money work for you, after all you’ve worked all your life for it! Don’t hoard your savings under the mattress or in the jar on the top shelf. It needs the warm, friendly environment of some financial institution to help it breed and multiply!
Whatever you can afford to put by on a regular basis plus what’s left over at the end of the month is a good start, you’ll be amazed how it all adds up.

Check Your Taxes.

If you are still in employment and pay your taxes on a monthly basis, DO NOT OVERPAY!
Some people have the mind-set that if they overpay, then at the financial year end they will hopefully receive a hefty rebate, this could be the case, but who will have earned the interest on your monthly over payments? Got it in one, uncle government! Find a good tax advisor.
Pay what you have to, but invest the rest!

Check Your Insurances.

Are you paying too much on insurance? Shop around, compare one against the other, ring them up and ask for better terms, if you don’t ask, you don’t get! Invest any savings you make into your future retirement plan.

Do Your Research.

Spend some time researching for your future retirement. Seek out companies that operate investment policies whilst in retirement, also look for companies that offer investments aimed at retirement.
Seek financial advice about getting involved with venture capital trusts, individual savings accounts, with-profit bonds and stock market bonds.

Take The Money.

Consideration should be made as to when and from where you take your distributions.
You may want to start with Social Security funds then move on to IRA and other taxable investments.
The thing to remember here is to ensure that you can cover all of your monthly outgoings, reduce your taxes and in the process, save as much money as you can.

Take Stock Of Your Income And Expenses.

We all live in a world of luxury!
Look in any dictionary, the definition of luxury is “thing giving comfort or enjoyment but not essential” I REPEAT “not essential” look around you and be honest! I don’t think I need to say any more on this, except, if you take stock of your outgoings on inessential items alone, then you will be able to control your spending in these areas and invest more into retirement.

Company Retirement Plans.

In short, take advantage of them.
If your company offers a retirement plan then join it and if possible make maximum contributions. With company contributions and the benefit of pre-tax contributions it is well worth taking part.

In conclusion; and to coin a phrase “Tempus Fugit” = “time flies” so don’t put off until tomorrow what you can do today!

Please feel free to use this article in your web-site or Ezine on the understanding that this resource box is included in its entirety.

Author: Thomas G. Holmshaw has compiled a vast amount of information on the topic of retirement.
Please visit our web-site to discover many more quality articles, tips and advice covering all aspects of retirement.

http://www.moanpromo.com/retirement/retirement-community-florida/retirement-income-investment.php

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