My Retirement Plan

Posted on February 16, 2017February 18, 2017Categories Business, Cash flow, Income   Leave a comment on My Retirement Plan

Not so much a retirement plan, but a plan to transition from a self employed IT professional to a business owner, and investor.  In Robert Kiyosaki’s Cashflow Quadrants, he brilliantly described the 4 characteristics that make up these quadrants as E/S/B/I. E = employee (have a job) S = self employed (own a job) B = business owner (own  a system that works for you) I – Investor (money works for you) Benefits: Employee – Paid vacation/time off, consistent income, … Continue reading “My Retirement Plan”

Focus on Richdad’s BI-Triangle to Build a Successful Business

Posted on January 24, 2016January 24, 2016Categories Business, Startup   Leave a comment on Focus on Richdad’s BI-Triangle to Build a Successful Business

Richdad often talked about invest in systems NOT products. He called his system to achieve business success the BI-Triangle. When you evaluate a business opportunity or get frustrated over your existing business endeavors, refer to his BI-Triangle business model. He states a successful business needs to have a strong BI-Triangle with a strong mission, team, and leadership. The management functions of the B-I Triangle’s five internal levels are CASH FLOW, COMMUNICATIONS, SYSTEMS, LEGAL, and PRODUCT. Notice PRODUCT is placed on … Continue reading “Focus on Richdad’s BI-Triangle to Build a Successful Business”

I Applied for a Chick-fil-A Franchise, and You Should Too!

Posted on January 13, 2016January 14, 2016Categories Business, Starting a Business 13 Comments on I Applied for a Chick-fil-A Franchise, and You Should Too!

In keeping with the theme of our platform “to elevate the wealth-being of every independent consultants,” I would like to share an opportunity I took it upon myself to take action. As an entrepreneur and opportunity seeker, I always keep an eye open for low risk / high reward opportunity in everything I read and do. Richdad said something has high reward does not necessarily means it has high risk. I totally believe that to be a statement of fact! … Continue reading “I Applied for a Chick-fil-A Franchise, and You Should Too!”

Consulting Success: Legal Business Entities, and the Expectation of a CPA

Posted on January 6, 2016January 10, 2016Categories Business, CPA, Legal Business Entity, Taxes   Leave a comment on Consulting Success: Legal Business Entities, and the Expectation of a CPA

Members of ConsultantFriends.com: As a CPA, it is my passion to help entrepreneurs like you to become more successful business owners. It is my great pleasure to announce that I will contribute a series of articles that are specifically written to help propel you and your businesses to a higher level of success. It is impossible to cover every nuance here so please contact me directly should you have any questions. Let’s dive into Chapter One: Leap of Faith. This … Continue reading “Consulting Success: Legal Business Entities, and the Expectation of a CPA”

Whole Foods CEO/Founder Talks About Capitalism, Impacts of Higher Minimum Wages and ObamaCare

Posted on October 6, 2015October 8, 2015Categories Business   Leave a comment on Whole Foods CEO/Founder Talks About Capitalism, Impacts of Higher Minimum Wages and ObamaCare

There is no free lunch in Capitalism. What government gives, someone has to pay. Responsible Capitalism will lessen the impulse to regulate and control businesses. Whole Foods CEO and founder talks about  his view on the free market, government regulations, such as the higher minimum wage requirements, and ObamaCare. And, how businesses are impacted and reacting to these additional costs imposed by the government. Bottom line, there is no free lunch. Last, he talks about why government and intellectuals hate … Continue reading “Whole Foods CEO/Founder Talks About Capitalism, Impacts of Higher Minimum Wages and ObamaCare”