Saturday, January 30, 2010

ANOTHER CHANCE TO BEGIN TO "THINK AND GROW RICH" IN 2010: LACK OF CAPITAL

Greetings,

The blessing of the LORD brings wealth, and he adds no trouble to it. (Proverbs 10:22)

Welcome once again to Let's Talk where we are taking a look at the thirty-one major reasons for failure. Our text of study is "Think and Grow Rich" by Napoleon Hill. How many of us jump right into business because someone showed us the money? We must put ourselves in a position to prosper by evaluating every area of business. One of the most important areas that must be in order is working capital. Most of us fail because of the lack of capital.

The lack of working capital can be a really big problem for us if we have not made proper preparations. It is a prescription for failure to underestimate the amount of funds needed, not only run our business, but to take care of unforeseen emergencies as well.

According to "Think and Grow Rich", "This is a common cause of failure for those who start out in business for the first time, without sufficient reserve of capital to absorb the shock of their mistakes, and to carry them over until  they established a REPUTATION."

Ninety-six percent (96%) of small businesses fail within the first five years in business. How can we combat this and not become another statistic? We must educate ourselves. There are mentors in every area of business. Finding someone to guide us successfully in the operation of business will not be difficult and will save us much heartache.

Let's take this chance to begin to "think and grow rich" in 2010. We must seek out the education and guidance needed to be a success. Taking the time to get in the proper position will help us to have a better experience in the business industry. Leadership and instruction are key ingredients that we must have. Let's go after it!!

That's all for this issue of Let's Talk. Join me tomorrow for the culmination of our study of the thirty one major causes of failure. I welcome your feedback. Please leave me any comments and/or questions and let me know what’s on your mind. If you know anyone who would benefit from this information, please share this site with them.

Until next time,

God Bless

T.J. Robinson

P.S.

If you have not downloaded your free copy of the book, "Think and Grow Rich" and get yours today. The book will be emailed to you immediately. While you're there, take a look around the site for some interesting information.

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