Your Roadmap for Success - Raj Kapur

Raj Kapur - "Guidance to Wealth" 
YOUR ROADMAP FOR SUCCESS

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Show Objectives 

INTRODUCTION
You see your business & life journey is more fun if you know where you’re going. 

What do you define as success matters. Too many success definitions are wrong, they have the wrong picture. If to you Success is to become the next Jeff Bezos and then you will be successful or let’s see if you have the Wealth of Richard Branson, the physique of the top athlete, the intelligence of Thomas Edison, the imagination of Walt Disney, and more. If so then you are setting yourself up for an unhappy and unfulfilled life. 

See for many of us success is what is depicted in the movies, TV, social media.

So What’s your definition of Success?

Your decisions define your roadmap for success and you know the road is never a straight one, it will have peaks and valleys and you will have to deal with all of that. I have not found a single successful person who had a straight line of success. 

​WHAT TO DO 

1. Define your measurement of success.
2. Review Your Progress and Satisfaction in Life
3. Get to Know Your Values and Priorities
4. Work with a Coach
5. Get aware of your Behaviors and habits
6. Celebrate the small successes and wins 
7. Measure and monitor your progress

GOALS FOR YOUR ROAD MAP 

1. Define the Larger Picture 
2. View or Envision the End of the Roadmap
3. Define the Milestones, Achievements and Rewards
4. Define the Process 
5. Define the Obstacles 
6. Pause and Reflect

YOUR SUCCESS MODEL AND HOW TO ELICIT IT 
A timeline Exercise


PREVIOUS SHOW - Bottomline for your Business - Profit First

BOTTOMLINE FOR YOUR BUSINESS - PROFIT FIRST

Why profit first? I have many friends, colleagues, clients who are always thinking in terms of growing their small businesses, now nothing wrong with that, but they many times ignore the bottom line i.e. the profits. Their belief is the larger we grow, the faster we grow the profits will come in. 

Is Profitability or Growth More Important for a Business?
To be successful and remain in business, both profitability and growth are important and necessary for a company to survive and remain attractive to investors and analysts. Profitability is, of course, critical to a company's existence, but growth is crucial to long-term survival. So think in those terms. 

Cash Flow
When it comes to the financial management of a growing company, always remember that cash is king. In other words, this is not the place for shortcuts and sloppy practices.

WHAT TO DO 

1. Good cash-flow management
2. Delay every outlay of cash as long as possible
3. Incenting everyone who owes you money to pay it as rapidly as possible.
4. Be vigilant about limiting any surprises such as, unanticipated-payment lags and unplanned-cash outlays.

PLAN FOR
Unanticipated expenses and emergencies - Covid 19.
Marketing Expenses exceed sales
Late payments can cause major cash flow disruptions
Faster Growth in the company than anticipated

BUDGETING
Do you use a budget? Your budget needs to work for you, and that can only happen if it is highly customized. This is a part of creating the blueprint for your financial life.

SOME TIPS

• Spend Slow and have it paced out
• Outsource to Save on Hiring Costs
• Pay Yourself First
• Offer Small Discounts to Those Who Pay Early
• Negotiate Terms - both on Receivables and Payables
• Know Your Burn Rate
• Ask Customers to Pay Upfront
• Use a Charge Card
• Negotiate Everything

NEXT SHOW
Summary of Season 4

ABOUT RAJ
Coach | Mentor | Speaker | Non-Profit Expert | Published Author |
Radio Show Host 

As an Executive/Leadership Coach Raj believes in building World Class “Super Leaders,” One Executive at a time.
Raj is the founder and CEO of Options Ahead, Inc. With his program Guidance to Wealth he helps individuals live their dream life by resolving their financial stress without needing to make more money.

Raj is an Award-winning, C-suite leader and certified executive and leadership coach who has built, developed and led large, globally-competitive teams, provided transformational coaching to maximize productivity, improve staff morale, and inculcate powerful leadership skills — experience in for-profit and non-profit sectors. He leveraged leadership skills to transform struggling companies.

With over 30+ years’ experience and leadership wisdom backed by a toolkit of the world’s best leadership resources and cutting-edge techniques and ideas, Raj has leveraged proven leadership methods to develop super leaders that transformed not only themselves and their teams but also the entire organization at various levels.

Raj has led extensive workshops, seminars, coaching sessions, mastermind sessions, keynote engagements, and group and one-on-one coaching sessions. He has coached thousands of individuals during his career, created powerful instructional programs and courses. He has developed financial leadership programs, introduced leadership training, and Mastermind sessions at various organizations designed, developed, and led workshops on leadership, communication, and productivity across the country.

His corporate experience includes a background in managing budgets exceeding tens of millions of dollars, turning-around companies, maximizing profits, and catapulting business success while working with CEO/board of directors.

Raj Kapur is an Executive Director with The John Maxwell Company. He is a Certified Coach, Teacher, Trainer, and Speaker, a certified DISC Trainer, and a published Author.

Written by: Raj Kapur
www.RajKapur.com
https://www.facebook.com/groups/millionairepath
http://www.nonprofitedge.org/

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