Acceler8Success Cafe is Your Daily Resource About Entrepreneurship & Business Ownership!
This Edition is Focused on Lifestyle Entrepreneurship!
Considering entrepreneurship just as a career choice would be to think about it in a very narrow and traditional way. It is about time that we realize and understand that entrepreneurship is not just a shift in your career but is a lifestyle which you need to adopt and get adjusted to for an uncertain time period. Hence, any person thinking of turning into an entrepreneur needs to seriously contemplate and weigh all the options before he actually takes the plunge.
To begin with, once you decide that you want to go the ‘business’ way, then the first sacrifice or lifestyle adjustment which you may need to make is to forgo your monthly pay checks which used to sincerely credit your bank account balance. This is the first and the most difficult choice which you will have to make. Read the full story here.
As commonplace as it has become in purchasing a business or franchise, funding continues to be a challenging experience. As such, it’s important to understand there are options and some often overlooked as being incorrectly perceived as unavailable. The most common is to use retirement funds without concern of taxes and penalties. The key is working with a professional to help navigate the process.
This week on Franchising & You our guest is Matt Trivelis, Senior Consultant at Benetrends Financial. Matt takes listeners through the process of using retirement funds to enter the world of entrepreneurship – without reducing the amount of money to invest due to early-payment penalties and tax liability. He also explains how to use retirement funds as the cash injection necessary for SBA loans and how to use the funds to receive a salary during startup. Listen LIVE or On-demand here!
With the advent of the Digital Age, a new breed of entrepreneur has evolved. This new breed of entrepreneur is unlike almost all of the entrepreneurs before them, in both their values and in their day-to-day activities. This entrepreneur creates businesses for the sake of working on those businesses, not in them. These entrepreneurs create businesses that operate almost exclusively on the internet and are run almost entirely on autopilot.
These entrepreneurs strive to create a specific lifestyle, and they build businesses that reward them with that lifestyle, while simultaneously offering valuable products and services to customers all over the world. Read the full story here.