(Guidance to Wealth) The Millionaire path - 4 Pillars of Money & Wealth - Raj Kapur

Raj Kapur - "Guidance to Wealth" - The Millionaire path

CLARITY ON YOUR BUSINESS - THE WHY, WHO TO WORK WITH

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Show Objectives 

THE 4 ASPECTS OF WEALTH AND MONEY TO UNDERSTAND AND MASTER AS A BUSINESS OWNER

1. Generation of Money
2. Saving Money
3. Growing your Money & business
4. Protecting your Money

These are the four phases of money. I believe all these are important components of business growth and sustainability. I have had many businesses and noticed that even if one of these is missing the consequences can be detrimental. As we go through the phases make notes as to where you are in your business progress and are you planning on all these facets or are you just stuck with one.

I do want you to understand that wealth is an EFFECT, not a CAUSE – Cause is creating value for people around you, and the Effect of that is wealth. 

Generating Money 
So the generation of the money is the first essential thing and as you are in the business that is your first priority, without generation of money your business is not going anywhere and neither are the rest of the avenues.

If you are in a brick-and-mortar business, think about how can you expand your business in the online world. How to reach your clients via social media and how to make your presence online.

The idea is to create a tribe of people who can follow you and you keep on adding value to them.

Business and Marketing Plans - Have you worked on those?

What are your business goals?

Ways to grow your business

• Getting Clear on your bottom line
• Low hanging fruits
• Customer acquisition and related costs
• Website - Your website is your face to the world
• Repeat Customers
• Upsell
• Branding your Business USP
• Pareto Principle - 20% Efforts bring 80% of the results
• Referrals
• Success habits

Saving Money

Pay yourself first. Paying your business first. 

Savings is essential for long-term business survival. Have at least 3-6 months and a backup plan.

How much do you have if your business runs into tough times?__________________
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Business Planning and planning in case of adversity

Budgets and tracking your revenues and expenses.


Growing your Money and Business

What % of monies can you invest in growing your business and growing your money?

What does growth look like for you?

Start looking for your monies working for you.

Profit first is the key before expansion. 

Take the risk but a calculated risk. Check your finances, your funds, your revenue streams and how strong they are before embarking on the business growth.

Invest your money so that you can get it compounding to make money. 

Invest in yourself and your staff growth

Invest in your Weaknesses. 

Protecting Money

Do you have adequate protection for your business? Are you adequately insured?

Have you created the type of organization where your personal funds are not going to be harmed in case of adversity or a lawsuit? 

Have you spoken to a lawyer and CPA about the protection of your business - Copyright or a Trademark?

Take a look at all the protections that you need for yourself and your business. 

RAJ KAPUR - EXECUTIVE & SUCCESS COACH
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 - The Millionaire Path” he helps Coaches live their dream life by resolving their financial stress without just needing to make more money.

Raj leverages his 30 years of experience & success to help coaches & trainers on how to grow from 5 to 7 figures. He helps them find their niche, market, clientele, capitalize on their strengths and help empower them to grow their business & monetize it. 

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
http://www.millionaire-path.com/  | http://www.nonprofitedge.org/