Conflicting Mindsets

By Cody Scholberg

You are going to read about building a financial empire. If you are looking into building a business of enormous size, you should already have put a few things in order. You should already have adequate insurance in case of catastrophic events, you should be saving on a regular basis, you should have plenty of emergency funds, and you should be either self-employed or work some part-time job on your own (not for an employer).

If you have all these traits, you are ready to build a business. You must be working for yourself if you want to build a business. While it is true that those who work for themselves technically already own a business, it should not be true in your mind. You do not own a business, but you own a job. A business is something that works for you; it is not something that you work.

Owning your own job, however, is a good thing. It is the start to building a business. You cannot build a business through work you do for an employer.

Building a business is different from building a job. The mindset of a job-builder is something like, "I want to get all this done, but I need help. I'll hire people to do the work that I cannot, and I'll do as much of the work myself as I can; the more work I do, the more money I make."

The business owner, however, would be thinking, "I will do as little work as I can, because I want to hire out everything. I will need to do work at first to get the job done, but I will continually hire out the work as the business earns money. I will even use my personal money as much as I can. I will not make any money, but that is okay, because I will make a lot of money someday; and, during that someday, I will not be working."

So, do not think about what you could be putting in your pocket if it were not spent on an employee. It should be exciting to you to see the earnings from the business get reinvested back into itself. If a lot of money was coming out of the business into your wallet, you would be alarmed at the fact it was not going back in to hiring more people!

The mindset of a person who builds jobs is very different from one who builds businesses. One is not superior to the other, but one will give you freedom while the other will trap you into work. - 23221

About the Author:

Cody Scholberg, an expert on business building, is an author at Rapidly Make Money, a place of info that will help you get rich. Check out these books about making money.

Forex Trading - Tips To Understand Forex Lots

By Mark Green

What is the first image that comes to your mind when you hear the word 'lot'? I'm hoping you thought of a group or collection of items and not cars. In the forex market we have what are known as forex trading lots. These are the base unit size of any given forex transaction. "I will take 5 lots of the euro against the British pound" you have heard the lingo before; In general, one standard lot is equivalent to 100,000 units of the base currency.

You may remember that the base currency is essentially just the first currency of a currency pair, for example in the EUR/USD currency pair the base currency is the EUR and the 'quote' currency is the USD; this means that you if you buy 1 lot (100,000 EUR) you will pay for it in USD and if you buy 5 lots of the Euro as stated earlier, you would pay for 500,000 Euros using the equivalent amount of British pounds.

You may remember that the base currency is essentially just the first currency of a currency pair, for example in the EUR/USD currency pair the base currency is the EUR and the 'quote' currency is the USD; this means that you if you buy 1 lot (100,000 EUR) you will pay for it in USD and if you buy 5 lots of the Euro as stated earlier, you would pay for 500,000 Euros using the equivalent amount of British pounds.

Why do we need to know this? If you have a 10,000 dollar account with your forex broker, they may give you leverage of 100:1 (for every dollar in your account you may trade 100 dollars worth of any currency in the forex market) you can gain full control of a maximum of 10 lots of any base currency in the market. If you have a micro account but want to control lots 100,000 units in size, you will definitely need to increase the amount of money in your account. Do not make the erroneous decision to use large leverage to control lots greater than permissible for your account type as the risk just isn't worth it.

I recommend that when you start out trading forex market currencies you begin with a small number of lots typically between 1 and 3. With time you may find that this is plenty and sufficient to be a successful trader in the market. Once you become more experienced, and possibly have 10,000 dollars and above in your account, you can increase the size of your lots and the number of lots to trade in accordance to your strategy. - 23221

About the Author:

Want to learn more forex tips?, visit http://www.abc-of-forex.com

Secrets of Stock Picks

By Michael Swanson

In the stock market world, short term means something along the lines of 1 to 2 stock trading days. Short term stock picks are those that will have a good trade potential in the very immediate future.

To do the best in the stock market, find stocks that are gaining and them invest in them. Some of the top short term stock picks have seen at least a 10% rise in only one trading day. However, never just guess what to invest in when it comes to these loans. Instead, consult a market expert before making a final decision.

There are a lot of agencies online that make information on these stock available for free to investors. The information is proved with regards to almost all types of securities.

Guidelines are given to help a trader be effective in trading stocks that are likely to present an upward trend in the next few days. Most of these sites only ask for an email address and for you to sign up at their sites. Many short term traders are finding this type of information extremely useful. You will probably encounter some of these that offer totally free membership, while others may offer free trials and then ask you to pay a monthly fee to access the information they provide.

For short term stock picks to be found, a formula is used to figure out the market outlook based upon open and new trade percentages. Investors who choose to use this information to their advantage get a well rounded look at the entire market, get helpful tips and strategies as well as other useful resources.

In depth research and extensive stock analysis will help a trader acquire information about low risk stocks that are high profit. After you have gather enough detailed information about performance and other aspects you can then begin to start trading effectively. - 23221

About the Author:

For more on buying stocks grab our free stock picks newsletter.

Business Writing: Fleshing Out Sample Business Proposals

By Sebastian Taylor

There's not a business on the planet that couldn't use a new customer. Particularly in the moody economics of this day and age, learn-as-you-go business proposals simply aren't going to cut it. Forget about improvising and pick up a sample business proposal and use it as a template to create a great business proposal to secure new customers.

One of the most overlooked and simple tasks to help your efforts is pre-writing. Being your first draft, there's no reason to worry about what your customers are going to think -- they're not going to see this draft, so calm down and try to enjoy yourself. By pre-writing you can determine exactly what you're going to pitch, including your goals and any important qualities you have that make you more qualified than anyone else.

Consider your business proposal and what you're offering. Cut your goals into numerous steps, writing down what will be needed to win each step. Organize your steps so that your reader is led to believe that by following your proposal, they will without question be led to success by way of that goal you wrote about in the pre-writing phase.

Now, write a cover letter to place at the top of your proposal. It should be short, so use only two to three paragraphs and simply state the major points of your proposal, i.e. "Our company will assist your business by delivering x, y, and z services. We serve X number of businesses in the region." Though there is nothing wrong with elaborating, keep it simple so you don't overwhelm your actual business proposal.

Next, the hard part: actually write your business proposal. Proposals are usually split into five pieces: the executive summary which states what you do and who you are, a statement of work dictating what services you plan to give your client, a list of steps to achieve your goal, a list of reasons why you are better than the next guy, and last but not least the legalese terms of your contract and payment arrangements.

Again, this is only the first draft, so take it easy on yourself and write what you would like your client to know. Imagine your target seated at the table with you. What could you tell them that would convince them to hire you?

Since this is the first draft, quality is not overly crucial at this stage. Realistically, the only thing you need to worry about here is finishing your proposal and fitting your information into the well defined structure of a proposal. If there's anything you want to change -- spelling, grammar, anything else -- it can be done later.

Next, consider your pricing and your contract. Keep your prices competitive by doing a little footwork to find out what similar companies are charging. Now's the time to find out you're overpriced -- you don't want to be sitting down at the table with your client when you realize your prices are less than stellar.

Rewriting begins when your first draft is finally complete. Try having a friend give your proposal a once over to see if they can find any obvious typo's or other mistakes. If you're still holding on tight to what you needed to fix and doctor up from your first draft, do so at this time.

When you believe you've got your proposal in a finished state, try a little role-playing to head off troublesome customers. Why not try putting on your customer's shoes for a little while? Consider how they'll see your proposal. Is there anything that might hang them up? Brainstorm as many reasons for the client not to buy from you as possible, and then create counterarguments to squash their anxiety.

Building a business proposal on your own might seem like hard work, and it is -- but if you find a sample business proposal to use as a template, the pieces will fall into place faster than you might think. Use the above suggestions and you'll be able to churn out intriguing business proposals that will lead clients to you over the long haul. - 23221

About the Author:

If you're looking at writing a business proposal, obtain a sample business proposal to give you a better idea of what will work and what won't? You can use them as guides, or simply as an example of what will work and what won't. Ensure you obtain it from a trusted source to make sure you're looking at a real world example.

My Strategic Forecasting: A Guide for the Investing Newbie

By Carlene Lavalle

Since I just retired from being a head nurse in one of the small community hospitals in Virginia, I do have money to spare. But I was so wary about trying any type of investment for fear of being swindled or defrauded. As my son mentioned investing in the stock market, I was never moved to believe it even if I were given any investment research newsletter. I felt that nothing and no one would be able to convince me to invest in something that I do not understand.

My birthday came and my son visited me and eventually, we talked over about my retirement fund. He said that my money is not that big enough to support both myself and my medications as I step on my senescence age. Then he put forward and discussed again regarding investing in the stock market. In order to convince me, he showed me a website about strategic investing this time. He boasted that because he received investment research from My Strategic Investing, he was able to gain 20% of the money he invested in just a few weeks time. He said that what I should do is to invest just a small percentage of my money and go from there.

My son is a person who is good and calculating. I am aware that he cares about me and would love to see me travelling with my friends and enjoying the last years of my life on earth with pleasure. I checked on the website of My Strategic Investing and analyzed what is in it to offer. I liked the site as it does not offer get-rich schemes. They emphasize on long-term investment strategies providing modest but achievable earnings. It turns out like even if you do not possess investment know-hows, you can rely on their established and scientic investment research to come up with wise decisions in placing my money in.

What makes the investment research from My Strategic Investing different from all others that I have seen and encountered is the fact that the data that they provide do not simply concentrate on economic trends. They also supply technical analysis, historical research, geo-political studies and consider political conditions. I admire this kind of forecasting method because it looks at the big picture. My nursing career provided me a learning where everything is interrelated. If a patient is experiencing headache, it does not always mean that the root of the problem is in his head. Digestive system problems can also cause headaches. I really appreacite that My Strategic Investing really stretches out data when it comes to financial forecast.

I have paid attention to what my son said to me and now, I am an enthusiast of My Strategic Investing. I am enjoying that I am earning modest gains through the investment research provided by My Strategic Investing. - 23221

About the Author:

Amy Richman is a consultant for MyStrategicForecast.com, a dedicated institution providing accurate market forecasts using proven methodology and careful empirical testing.Learn more about how careful portfolio research can assist you in your portfolio.