Journal of ValueGrowth: May 31, 2010
Chia-Li Chien | May 31, 2010
We're now heading into June 2010, almost half way through the year. Did you exceed your mid-year projections? How do you know?
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Value Growth Wisdom
Visualizing Your Future
Start your business with an end in mind. Know the direction you want to steer your business.
1. Have a Company Wealth Map (CWM). A CWM is to create meaningful personal wealth for you - yes the owner - who bears all the risks of owning the business.
2. A Business Plan is a great document to present to the bank when obtaining financing. It is not designed to create value growth for you.
3. Growing in revenue is admirable, but it is more critical for the business to grow in VALUE in order to realize your dreams, and to enjoy more freedom and opportunities to do the things you want to do the most.
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Value Growth Spotlight
A model you can follow
Kelly Gaines, the owner of Charlotte Aquatics, is this week's featured business owner. Read her Company Wealth Map in Women Entrepreneur Magainze or Fox Business online.
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Doing Nothing is Not an Option
Get serious about creating the value you want to get out of your business in the end.
This is the last of three excerpts from Show Me the Money by Chia-Li Chien.
Read more excerpts at WomenEntrepreneur.com and Fox Business Online. Read all three excerpts here.
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Your business strategy is only effective if you execute it in a timely manner with flexibility, checks and balances. But everything you do in your business should be building toward Value Growth creation for your business and your personal wealth.
Sincerely,
Chia-Li Chien
Chien Associates LLC
Convert your business into meaningful personal wealth! |
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Last Updated on Wednesday, 12 January 2011 10:18 |
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