Financial Freedom Is Possible For Everyone PT 3

Now let’s recap on the major points we discussed in the earlier posts:

1. Decide for financial freedom and keep making the decision daily.
2. Do the math all the time, not just one time.
3. Take action on what fits for you. What fits with what you do, your personality, your time and your society.
Continuing from the third point, remember that you should be able to make money from whatever fits. A major skill of an entrepreneur is to learn to cash flow your idea. This means that your venture idea must bring in money and grow such that you’re able to continue doing business. So many businesses don’t make enough money to keep their owners in business because many times people go into business because they loved their idea so much or loved the idea of being in business.

Understand that your ability to generate income is the most important skill you’ll ever develop. To be financially free means that even if you died today, the cheques don’t stop coming because your income continues to come because of the many ideas that you have set in motion.
But the reality of most people is that the quality of their lives begin to drop when the salary stops coming in. To have financial freedom means that you are able to continue to have the same quality of life even after you’re no longer working at a job or business. Two thirds (2/3) of people over the age of 50 do not have enough money to live out the rest of their lives without income according to one study. If I asked you now to name people over 50 that you know who depend on pensions and goodwill from family members, am sure the list will go on and on. This is because financial freedom was never a goal for them. They lived from salary to salary but we do not want this for you. Financial freedom is possible even in Nigeria but you have got to get the right information. The people that have financial freedom do not contract, they expand and that’s why we have put this blog together.

So when deciding what fits, you must also consider the times that we live in. This is because society works differently today than it did 20 or 30 years ago. So understanding the times will provide you with answers and ideas of how you can get the right service or product fit. For instance, we live in a social media age, so what can you do for others on that space? How can you help them with some of the things they do online, like write scripts, sell and promote their services, manage and grow their social media accounts, and so on. It’s about thinking, observing, reading and asking the right questions. The mind of a successful entrepreneur is always probing. This is where curiosity will do you a lot of good.

4. Who Can You Service or Sell To?
The next point is that you should understand who your client is. Who’s the market? Who’s got your money? This is the person who needs the service or product that you have to offer. Many people pursue something for the sake of relaxation or enjoyment alone. You may enjoy working out but it is very unlikely that anyone will pay you to go to use the gym unless you apply your skills for the benefit of others.

Being in business means that you have decided to cross over from personal enjoyment to products and services for the benefit of others.
You’ve got to figure out a way to have financial freedom around what you love. So who are your clients? Can you describe your market – the people who will benefit from the service that you’ve decided to provide?

5. Plan To Sell
Once you discover who your client is, the next thing is to sell your service to them. A venture that doesn’t sell the value it creates is a non-profit. If you want financial freedom strongly enough, you’ll have a plan for sales. The original meaning of the word “sales” is “income”. This is one of the most, if not the most important bit of the business mix because it is directly related to profits. No sales means no money coming in.

You’ve got to sell the value you’ve created in other to stay in business. The ability to sell is one of the most economically valuable skills of the business profession.
I hope you found this series useful. If you have questions on the things we have covered or there are other areas you want us to elaborate on in another post, please feel free to post them in the comment section below.

Also share this with your friends and loved ones. We have got to get financial freedom for everyone. Thank you for your time.

CULLED FROM: http://www.thebillionway.com