Million Signatures

Archive for September, 2010

Although it would be wonderful if debt would magically disappear, the only way to get rid of it is to pay it off. Almost everyone has some sort of debt.

Although getting rid of debt is not as simple as accumulating it, there is a way you can put a stop to the downward spiral. There is a three step plan that can eliminate financial problems for everyone. The three steps to solving your debt problems include: inventory, prioritize, and rollover.

Take Inventory of All Debts Owed – Make a list of all credit cards, personal loans, student loans, car loans, etc. Next to each line item, list the interest rate and minimum payment required. After you have come up with all creditors, rewrite your loans in a different order. This time, line them up starting with the highest interest rate loan and ending with the lowest interest rate.

Prioritize Your Debts – The next step, is fairly simple because most of the work is already done for you. Each month pay only the minimum payment on every single loan except for the loan at the top of the list. The loan at the top has the highest interest rate, and therefore, is costing you the most unnecessary money. Every time you get any extra cash in the month you put it towards this loan and this loan only. You will find that this loan will quickly diminish until it has disappeared.

The Rollover Strategy – Rollover is the next and final step to the debt elimination system. Once the first loan on your list is paid off, simply rollover ALL the money you used to pay for that loan and roll it over to the next item on your list. This should be the loan with the 2nd highest interest rate. Each time you pay off a loan you add more money into your payment pot. This makes the next loan all that much quicker to eliminate. It becomes a snowball rolling down the hill, picking up more snow and more positive momentum.

If you are in a situation where you need help solving your debt troubles, this system does work. The best thing you can do for your financial future is to take the bull by it’s horns and proactively work on solving your debt problems.

As an accounting manager struggling to build my coaching business online and after many years of struggle, I now focus on 9 FABULOUS concepts that have multiplied my business exponentially.

1. Figure out where you want to be in 3 years.

Having a vision for your business is so important that it could make our break you. Not knowing where you want to be spells disaster with a capital “D”!

Creating a powerful vision for where you want to be in 3 years, 1 year and in 30 days in your business helps you to remain focused on what is important.

2. Activate your creative juices and tell your story

Prospects have to trust you-plain and simple-before they will do business with you and purchase your services and your products. The quickest and easiest way to do this is to tell your story.

Tell us if you understand our problems and how you can help us. Let us know if you’ve been in our situation before and how you dealt with it. Share with us your problems and how you overcame them.

3. Brand yourself-Determine what differentiates you.

There are thousands and thousands of solo-professionals around the world each possibly giving the same information. Why should someone give you their business? What is different about your business?

A significant factor to attracting your ideal clients is telling them why you are dissimilar from the others and unique in what you teach. As a solo-professional, you are your brand. What can you offer your clients that makes you different, diverse and special?

4. Understand basic net and web strategies

As an aspiring solo-professional I believe it is imperative that you know basic web language and strategies. Who wants to call up your web designer every time you want to make a slight page to a web page?

For those just starting out in their businesses, you’ve got to know how to reach your prospects through email newsletters and you’ve got to know how to record a tele-seminar. These could be doubly vital if you’re on a budget.

5. Lead a Championship Support Team

Whether you’re a solo-professional like a coach, consultant or otherwise, you need to recognize the importance of having team beside you. A team could propel your business to profitability faster than anything I know. Adding even a part-time virtual assistant (VA) to your team can do wonders.

I can hear you saying now “I can’t afford it!” Well you think you can’t, but how about bartering with a VA. You offer your services to her and vice versa. Easy, huh?

6. Over deliver, over respond, WOW your clients

I’m passionate about this concept. Once you’ve gotten a client, keep ‘em! Seduce them over and over to become a walking referral for you.

Offering your clients fabulous service and unexpected add-ons, gifts and responses will leave them saying only one thing about your and your business – “Wow!”

7. Use the Universal Laws to effortlessly attract your ideal clients

What are you focusing on each day in your business? No clients? Too much to do? Not enough time? Well, believe it or not, you create your reality!
You are where you are in your business by what you have been thinking and focusing on yesterday, last week and last year.

I use the Law of Attraction in my life coaching business and it’s a powerful ‘tool’ for solo-professionals to use in their businesses as well. By setting your intention at each step of the way, building your business becomes as easy and effortless as you can ever imagine.

8. Spring into action-create S.M.A.R.T goals

Do you have a plan for your business? Have you decided what you will be doing this month, this quarter or this year to grow your business?

Having a calendar for marketing and growing your business is vital to achieving your goals. We all know that our goals should be specific, measurable, action-oriented, realistic and timely, don’t we?

9. Spend wisely: invest in your business and yourself

When I first started in my business, I spent wildly and uncontrollably to get my business up and running fast. This was the biggest mistake of my life! I had to turn that mindset around and quit cold-turkey.

Concentrating on forecasting and reinvesting a percentage of your profits into your business is critical to making it. It’s also important to invest in yourself as you grow personally and professional. You’re bank account will only grow as fast as You grow.

These 9 concepts are the building blocks of attracting clients from the ‘net for solo-professionals and will make you more money in less time. Try them for a month and you’ll be amazed.

If you are struggling with debt then it may be worthwhile considering a debt consolidation service. They should then be able to let you know how much money you can save you each month and relieve the stress of debt.

? The advice is usually free.
? There are NO credit searches.
? Your details are kept in the strictest of confidence.
? You are under no obligation.

The last thing you want to do if you are already in debt is to borrow more, all this would do is increase the level of debt you already have.

Debt consolidation is designed to clear all your existing credit cards, loans and your other debts and put these together so you will have just one single lower monthly payment.

Once on board with the debt consolidation organization and they have received your agreed payment they will request that the creditors freeze or reduce their interest and stop adding any further charges so that your payment goes off the debt rather than the interest you are currently paying and because of this you could clear your debts quicker despite reducing your payments.
Being in debt, as you know is not pleasant, a debt consolidation service will help reduce the stress you are under because you will be confident that you can meet your monthly payments with comfort.

If you are currently experiencing difficulties paying your debts, your credit rating may have already been adversely affected due to one or more of your creditors recording late/missed payment, defaults etc. However, by using a debt consolidation service you are ensuring an affordable monthly payment is made to each of your creditors.

Therefore, once the debts are cleared you should be able to obtain unsecured credit again, albeit in smaller amounts to begin with until you re-establish a good payment record.