A New Beginning

As you take on 2015, it is time to take a “Balance Sheet Review” of your business; not the true accounting numbers kind, but philosophically similar.

Entrepreneurs should evaluate their “assets” in the business – products/services, people, customers, processes, etc. This should establish the strengths of your business to either build upon or further improve in 2015.

A determination of your “liabilities” will give you an idea of the weaknesses that need to be focused on in 2015. These “liabilities” need to be mitigated or converted to “assets” so that you can utilize them for success during the year.

By performing a “Balance Sheet Review,” Entrepreneurs can set their priorities and goals for 2015 – a new beginning!

Ravi Patel

http://www.patelCFOservices.com

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Published in: on December 30, 2014 at 4:07 am  Leave a Comment  
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Celebrating the Holiday Season!

This is a wonderful time of the year.

A festive season with sharing, giving, receiving, praying, and of course partying.

Enjoy the holiday season and celebrate Christmas, Hanukkah, and all other religious and non-denominational events.

Let us hope that the New Year brings opportunities and successes for all.

With best wishes for this holiday season and wishing you a prosperous 2015!

Ravi Patel

Published in: on December 23, 2014 at 4:11 am  Leave a Comment  
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Are you Persistent?

An essential quality required for a successful Entrepreneur is perseverance. Perseverance is defined as the steady persistence in a course of action, a purpose, a state, etc., especially in spite of difficulties, obstacles, or discouragement.

How appropriate that an Entrepreneur possess this quality to be successful. Facing difficulty, obstacles, discouragement, setbacks and even failures are nothing new for Entrepreneurs.

Entrepreneurs who come through even after facing challenges are the ones who have a laser focus on their Mission and can navigate a steady, persistent course without being unduly discouraged. The story about the spider weaving a web despite repeated failures comes to mind.

If you desire to succeed in achieving your Mission, have perseverance!

Ravi Patel

www.patelCFOservices.com

Published in: on December 16, 2014 at 4:19 am  Leave a Comment  
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Solving Problems

Problems cannot be solved at the same level of thinking that created them. – Albert Einstein. What a brilliant statement!

Problems occur in every business and for every Entrepreneur. Inexperience, limited skills and not fully developed thinking contribute to the situation . This is not unique and is to be expected from new Entrepreneurs.

However, learning from your mistakes starts the process of elevating your thinking. If you keep on making the same mistakes in  similar situations, you are not thinking at the next level.

More importantly, the level of thinking to solve the problem has to be at a higher level than what got you there in the first place. If you approach the issue from the same viewpoint as the one that created the problem, it would be difficult to have a new solution. Thinking from different perspectives helps solve problems.

How do you get there? Constant learning from mentors and advisors and acquiring knowledge through self-education elevates your thinking to solve problems. Asking for advice from professionals also contributes to elevating your thinking level.

Think at the Right Level to Solve Problems!

Ravi Patel

http://www.patelCFOservices.com

Defining Success

When Entrepreneurs start and build businesses, their definition of success is most often that of  “making lots of money.” When they reach their desired level of this definition of success, then what? What about the process of reaching there?

Success is not only about making money or attaining wealth. Long term success should be judged by the degree to which you are enjoying health, love of family,  friendships, balance in life, and internal peace.

Evaluate your self-improvement, the number of people you have mentored, the lives in which you have made a difference, and the communities that you have benefitted to gauge your true level of success.

Success should not be achieved at the expense of happiness.

Ravi Patel

www.patelCFOservices.com

Published in: on December 2, 2014 at 3:49 am  Comments (3)  
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