5 Ways to Maintain Positive Thinking in Business

Many quotes and motivational sentences that state that the power of the mind is the greatest source of energy for humans. This also applies in the business world when this person becomes one of the successful entrepreneurs. Positive thinking success motivation & inspiration ideas to win is the best way to run a business under any circumstances.

Being an entrepreneur on any scale can make you unable to help and must determine all the steps for the business independently. When the correct decision is made, the results will be good and profitable business ventures . But just like everything else in the world, there are times when a business is in a bad time making the owner despair.

It seems all the hard work, energy, thought and capital spent to build the business is lost in vain. At that time, you should try to think positively in business to get up and give a better effort.

The issue of positive thinking in doing business may distinguish many superior entrepreneurs from the others. When the atmosphere is conducive it may be easy to say but do not do so when times are bad. When production costs rise, sales fall and many other problems hit will surely make a narrow mind.

Not to mention if the problem that occurs is something that is imposed by ourselves. It will be increasingly difficult to forgive yourself and find positive ways of thinking. But still you must keep positive thoughts in any condition if you want a smooth and long-lived business.

Positive Thinking Business Greetings, Easy to Say but Hard to Do
We are all faced with doubts in our professional lives at one time or another. But we must always remember that positive thinking in business can be the difference between success and failure.

Whether you are an entrepreneur , businessman , or someone who is trying to climb the ladder in the field you are giving, you must always keep thinking positive no matter what challenges you face. If your mind is weak then you will be easily defeated by existing obstacles.

 

 

If you need a little extra help, here are 5 Motivational inspirational positive thinking ideas and quotes to win.

1. Think Like a Coach

You might be confused about the relationship between business and coach, but it certainly fits the idea of ​​staying positive. No matter the opportunity or how grim the situation is, a coach can never let his team know that he has doubts.

Coaches are always positive and let their team know they have a chance to win as long as they believe in themselves and follow the game plan. Whatever field you work in, adopting this attitude will help you.

Just tell yourself and the people around you that you have the opportunity to achieve success, just as a coach will tell his team to never give up.

2. Be Happy When Working

Always remember that you choose your current business or field because you really enjoy it, so be happy when you work. You should know that if you are unhappy while trying to get things done, you will surely suffer.

Sometimes we have to get away from work for a while until finally remembering that we like what is done and we must be happy that we have the opportunity to do it to make a living.

If you can stay happy while working, that positivism will lead to good things.

3. Stay Flexible

On the same note, it’s important that you stay flexible with everything you do as part of positive thinking in business. Usually there are many ways to get to the same place, so don’t be negative and don’t just say “no” to a different idea.

4. Keep Thinking Open

As an entrepreneur or business leader, you must always be open-minded to new opportunities. Research shows that negative thoughts can narrow your focus, preventing you from recognizing good ideas that might help and find solution of life’s problems and ideas to win.

Instead of quickly ignoring new possibilities, keep an open mind to them and it will be easier to maintain a positive mindset about things that might help you.

Instead, be flexible and give opportunities to new things, because you might find better and more productive ways to get things done, and that is because of your positive mindset and the fact that you are willing to try something new, instead ignore it.

5. Be grateful for what you have

Every now and then (but better every day), take a little time to be grateful for what you have. Be grateful for the opportunities you have and for the people around you.

Yes, this is a little cliche, but daily affirmations allow you to know what you have. Also, being grateful for what you have will help you maintain a positive mindset. Other effects, make you work hard to achieve your goals.

It is important to always remember that negative thinking rarely allows you to progress and succeed. Above all, you must remain confident that you will succeed no matter what challenges arise or setbacks you face.

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Today is the best time to spend

The financial world is full of suggestions like how to save, how to borrow and how to invest your money. But nobody tells how and when a person should spend that money. One person always either save his money or borrow money for their expenses. These things are good up to some extent. For example, if you save a certain percentage of your income for future obligations so that financial burden will be less in the future on you if you purchase a house or a car. Because that requires a large amount of money than your income. But more than that savings and borrowings are at a questionable stage.

In developing countries, inflation remains in between 6 to 8%. In your financial planning, it is your friend and enemy both. But one can handle it more wisely if he understands its implications in the past, present, and future. For example, if one person have Rs. 1000 5 years back suppose in 2012, and now it becomes Rs. 1400 by investing it in 2017 and after 5 years i.e. at 2022 it will be Rs. 2000. Actually, its face value changes in these ten years but its purchase value remain the same. It means if you purchase something in 2012. It will benefit you at least more opportunity for you. Because you can use that product in the past. So saving for future use will give you opportunity loss to you.

Here one thing is also to note that the actual inflation rate will become 1½ x inflation, because of lifestyle or technology changes. For example after the digital revolution peoples phone bill and internet bill increase or added in the previous life. So people need more money to live. Thus actual inflation becomes 1½ x book inflation.

Actual inflation = 1½ x book inflation (inflation index)
So if a person uses his money in the future. It will give you less valuable product in the future than the present. In the above example, if a person can purchase 2 pan drive of 1 GB (which are more advanced or popular) in 2012 and if he saves it up to 2022 and then purchases pan drive in Rs. 2000 he can purchase 2 pen drive of 4 GB (which are less popular, this time 16 GB pen drives are more popular their cast almost Rs. 3000). Thus as per lifestyle inflation, one gets the lower product in the future for the same amount.

Now discuss the case of borrowing in financial planning. As per banking system, home loan and car loans are cheaper than other loans like personal loan, two wheeler loan and electronic goods. Home loan and car loan’s interest roles are normally near to 1½ of inflation or actual inflation. So these products are good to borrow their present and past cost are the same. While other loans like mortgage loan, personal loan, and electronic goods loans interest roles are about 2 times of inflation. Thus these are costly if one gets and expense in the past. Besides this these also gives tension or headache of EMI. So past expenses through borrowing are also a costly affair to spend.

Thus the best time to spend money is present where you do not have a headache of investment checking and EMI. It also gives the best product to use as per popularity at that time. It also gives the opportunity to make better present time. Thus live in present, spend in the present and make your life good and not go afterwords of wealth creation without thinking.

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Make money with a strong foundation

As the procedure of making a building, first of all, a solid foundation is made as per requirement. Strength depends on how many floors will be made. Strength of foundation is increase for 2 storeys to 100 storeys. Because it faces a high burden of loads and different kind of risks. For example, for 2 storey building, there is no need to calculate wind load but it becomes very important for 20 to 100 storey buildings. So higher risks are involved in skyscrapers. It doesn’t mean that one should not build a tall building but it should be made with strong foundation and safety factors.

It is also true in case of making money. Most of the people run towards money in whole life. They become a collector of money. There is no problem in it, if it is their a passion or hobby. But the real problem is that they do this without making a strong foundation. And one day because of different kind of risks, the building of money collapse.

Why it is happening? It is happening because of time and risks. First of all, one should remember that circumstances will be never same as like today. If one looks into the past 100 years. It is seen that in every five years conditions become different. In the long run like 15 to 20 year, each kind of condition (economic, political, social, and environmental) became totally changed. Therefore time is the biggest threat to your building of money.

The second thing which is important to understand is risks. As your build building of money as high your risk factors are increased. It means threats increase less as go 1 lakh to 1 crore but high as you go 1 crore to 1 lakh crore. For example, up to 1 crore asset value, there is less tax burden on you, but when the value & income of your assets go beyond 1 crore your tax burden increase. It means management of tax liability is much difficult for high rise building of money.

Therefore if one wants to make the building of money, then he should make its foundation as strong as required. Its strength should be increased as high as high rise building of money. It means one should go through the legal and right system to collect money. For example, maximum doctor earns 1 to 10 lakh per month from their private clinic O.P.D. but they show less amount of income in an income tax return and they save service and income tax both. Because of this their whole hard earned money become black money. But in a storm like demonetization (8-11-16) whole money vanishes. While if they give full taxes, they at least save 50-60% of the money. So what is more important money 100% black money or 50% white money. That is the weakness of swallow foundation of the building of money. This is not only true for doctors but also for all individuals, NGO, companies, etc.

Therefore as one goes higher and higher in making money of building. He should keep his accounts cleaner. And also follow norms and rules and regulation which are required. This may your money building may have some storey less but it will never be a collapse.
As per money makes thought, they collect money for themselves and for their future generations but they can use whole life if it is collected with solid foundations. A good solid money building is made with regulatory and social responsibility only. There is no short cut of it.

Strong money building has secondary benefits also like. If money is seen in a balance sheet. It becomes mentally and morally more supportive of him. And second, he can raise more fund from the market and take benefit from leverage ratio. Third in social status will be high. Forth he can live relax and tension free life. Fifth he can become mere relax for the future generation if they can handle it or not. And at last his and his future generation’s future will be always bright.
Therefore make money building, but the first good foundation of it. Always pat your strong foot with following all rules and regulations. Beside this fulfill your social responsibilities also, so that good wishes also included in strong foundations.

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Lease old profit-making business

In around us, there are some businesses which are earning high profit and growth. Fast hard work and position made them into this situation. But at a certain time, they become a burden to their owners. But because of their profit-making, they do not want to leave the business, which they had developed by very hard work and intelligence. Therefore they want to continue but not in the position to take ahead. Also, the great problem which occurs is that their business is not so big that professional management can be taken on hire.

This condition occurs because of many reasons. First there owner’s age and health are in the condition that they couldn’t go ahead or they want to live now more relaxed life. And their children are not interested or in a position to take over the business. The second reason for this condition may be that the owner’s interest is lacking in that business. It means business in profit situation but still, the owner doesn’t want to continue the same business for their satisfaction. The third situation may be that the owner wants to shift to another place because of their family or personal reasons. Forth, it also may happen that the owner went to take a short break for his personal

creative works which may give him more satisfaction. Fifth and last situation is that it may happen that there is no owner to take on that particular business. So in these situations, a profit-making business may die. But if one wants to take some royalty towards his or his family business, he still can take profit from that business without ending it.
He has two options in front of him. The first and most easy method is that sell the whole business with fixed assets and its inventory. This way can give to an owner a big amount of money. But generally, it only gives a complete value of fixed assets and 30-50% less on his inventory. Besides this, he didn’t get any royalty towards his previous profit-making business. Therefore for the best outcome, one should opt is the second option which is the leasing of his business. In this way, he can keep the fixed asset on his hand. He can take full or up to 90% amount of inventories and also he can take a royalty from his business in the long run. This is only good for who understands his business and can manage leasing complicacies.
Next one can take guidelines who want to give and take the business on lease.
1. First, they recognize another person well from his personal and previous records. It means they should gather all kind of information about lessor or lessee. If they satisfied than only they sit on the table to talk with.
2. In the settlement first, they should calculate credit and debit in the market and present inventories. All receivables should be part of the owner or lessor. All borrowing and market credit should be less in the inventories amount.
Actual inventory = All inventories – [borrowing + market payable]
Inventories in business should be calculated on the actual cost of a particular commodity. But this is good for running inventories. But there may be some unmanaged or unpopular inventory also. It that case their cost should be according to their salability price and less 10-20% on that inventory for actual cost.
Unpopular/unmanaged inventory cost = Salability price – 10-20%
3. After calculating actual inventory they should calculate actual profit and expenses. If their business is regular then they can see the sale of 3-7 days. But if the business is seasonal then they should see the sale of peak and off-season both for at least 3-7 days. On the basis of that experience, they should calculate the average sale of a month/years and its average profit in a month/years.
At last, they should deduct all kind of monthly expenses.
Average profit =average sale – the average cost
Actual profit for a month=Average profit for a month-All kind of monthly expenses
4. Real profit will come when we deduct rent of fixed asset according to market is deducted. This fixed asset if lessor is owner of that then its rent should be print to him separately.
Real profit = Actual profit – rent of all kind of fixed asset.
5. Security amount should be given to lessor from lessee. It should be at one-year real profit of a business. For example, if a business has a real profit of about 10 L per annum. Then min amount of 10 L should be given to lessor from lessee. But present actual inventory is more than annual real profit than security amount eighter should be up to total actual inventory or balance should be given as bank guarantee. But if annual real profit is more than actual inventory than this amounting is satisfied.
6. Share of the profit will depend on the type of business. But for thumb rule, if we assume that business will go down up to 20%. Then for in most cases 40% of real profit should be the amount of lessor. It can be divided into 12 emi’s or 4 quarterly payments as desired of both parties. Therefore calculate 40% of total profit and then divide into desired installments. The annual increase in this profit according to inflation of that year from the CPI index. So it will be beneficial to both parties. So the owner of the business will get.
Owner’s gain per month/quarter=40% real profit month/quarter +rent of all abstracts month/quarter
This also increases with inflation per annum also say 6-8%
Lessee gain = real profit – owner’s gain
So in this way besides rent owner will get a royalty for his previous business.
7. Lessor and lessee should both on the counter up to 3 months at the beginning of the lease period and at ending of a lease period and 3 months support more agreement. So that they both understand all characteristics of the business. By this, they also know all kind of payables and receivables.
8. This kind of lease period should be at least 3 years and maximum 15-20 years. This will be beneficial to both of them.
9. All kind of agreement should be done that fixed asset will be the property of owner, after operation. It has to be surrender to the owner in the present condition. If any changes required it should be possible through the owner’s written consent only.
10. The lease agreement should be registered and prepared by qualified advocates only. Payment of agreement should begin by lease only.
11. At in the case of end of lease period. It is handover to owner. This time actual inventory payment should be given to lessee by the lessor. And all receivables will be of lessee only. All payables should be deducted from inventory amount. And also discounted value should be taken to unmanaged and unpopular inventories.
12. At the ending of the lease, the lessee should not invest money high on inventories and also not very low in inventories. For thumb rule annual 8% increase in inventories is desirable in most of the conditions.
13. The lessor should not interrupt the business in the lease period.
14. All kind of problem & responsibility in the lease period will be of lessee only.
15. Lease period should be specified.
16. All suppliers, buyers, manufacturer’s details should be transferred from both parties at the beginning and ending of lease.
17. Owner cannot run a similar business in a particular area limit. After ending up to certain time lessee should not run a similar business in that area.
18. The lessee should leave the business when the owner gives full amount of actual money of inventories.
19. All kind of payables will be reduced from inventories.
20. In beginning, actual inventory payment is given to lessor and at ending actual inventory payment is given to the lessee. So chances of fraud become less.
So by these term condition, a man can take and give on lease. It all kind of pros and cons settled. It will be beneficial to both parties. By this method, one can get a decent amount towards his previous business and enjoyment of life.

Hiring a business is a better job for newcomers which family background is good and they want to run a good business. They can earn money with little investment. For hardworking people, it is good for their employment.

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The total money you need

To survive a man he has to earn money. But he never knows how much money he needs for his life. When he should stop himself and enjoy his life more and live for his passion.
He needs total money today according to below this table.

1. Money need for his house according to his desired location & quality & standard
2. Money need for household equipment.
3. vehicle cost
4. (Current per month expenses x 12) (80-current age)
5. Children’s higher education today’s cost
6. Children’s marriage today’s cost
7. Today’s serious illness (Hospitalization) estimate cost
8. (From 4 to 7) add 10% for contingencies.

This can be one calculate as per their social class and requirement. One does not need more than this amount of money.

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For children’s parent’s require money or ambition & desire

A large section in Indian society mainly upper middle class and upper class is injured with money making. They are making and saving in the form of assets. Their desire to earn money is continuously increasing and they are becoming greedy. In these some are more ahead they spend less and save more.

The question arises why they all need so much money. Normally answer is for their children’s. But will this money help children or make them weak? Yes, it will help with their children’s education. Yes, it is our responsibility to give a good education and a good childhood life. So money requires for children’s upbringing. Parents should support their children’s in the more targ terms up to their education and marriage. Marriage is also the responsibility of parents.

But after marriage, if big money is paid to the children then we are making them weak and poor. Because this money will eventually make them lazy and careless. They also forget the value of money which you have earned with hard work and perseverance. Because it is easy money for them. They always spend money without realizing the value of money and they will also forget the future needs of their life. So many of them in old age become poor and live a miserable life.

But the major effect is that you are stopping your child from growing. You are weakening their competitive strength. They will fail to deliver their ability. So it will spoil their future professional life. Their internal strength is also under passing marks. By giving more money you are not helping your child instead you are spoiling their future.

What really you should give to your child for their future? The answer is the thought “desire to do something big with the right path in their interest area”. If you generate this feeling in your child, it will create a good competitive strength. And they will be successful in their fields (in which they may have an interest). They will fight with extreme condition and clear it for forever.
In this whole process never forget the interest of the child. Your interest should not be forced on a child.

But hence it is also clear that these should be desire in the child, not the pressure. Because you should pressurize them because it may break your child’s internal strength. So there is a very thin line between desire and pressure which you should not cross. One should enjoy one’s goal.

One thing is also required in big thought is the right path and right target. It means the wrong path or shortcuts will never give a satisfying life to your child because the wrong path will always give inner insecurity. So he/she may never be happy in real terms.

Your child may get success on a major or minor scale. But he/she will never be unsuccessful. I will light for his goals in his life. In this way, he will live a good life. So please acquire monetary assets as per you and your child’s requirement.

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Why Money, Money, Money

Everyone in our society is running behind money. For the money, they easily take the wrong path. They did not require money for themselves but to show others. They want to become big in terms of money. But this money is not of any use. Like if we look at Bill gates story he earned money in 30 years with very high intelligence, hard work, and honesty. But now he is donating money with his friends. Because he knows this much money he doesn’t require for his life. That was not a wrong method, but in my thought, he should start that about 20 years ago when he had sufficient money for his life or children’s life.

Here idea is that if a person earned sufficient money for his & his children’s life, he should start work for society or humanity. Because money is required for our life, to live life. But we are not, living life to earn money.

I am here calculating how much money requires for a two tier or three tier cities for a middle man.
A. He require for a home in suburb of society – 35,00,000
B. For furniture AC, fridge, TV, geyser etc. – 5,00,000
C. For one car, one two wheeler – 5,00,000
D. FD for emergency fund – 10,00,000
E. Investment for children’s higher education – 20,00,000
F. Investment for children’s marriage – 15,00,000
G. MIS for monthly expenses 30,000 per month – 50,00,000
Total money requirement – Rs 1,40,00,000
So if a middle-class family have asset about Rs1,40,000, he did not require work. After earning that money, he can work for his passion and for his happiness or can work for the betterment of society.

Model II middle class man in a metro city.

A. Home in suburb – 90,00,000
B. For furniture, AC, fridge, TV etc. – 10,00,000
C. For one car and two wheelers – 7,00,000
D. FD for emergency fund – 10,00,000
E. Investment for children’s higher education – 20,00,000
F. Investment for children’s marriage – 23,00,000
G. MIS for monthly expenses 45,000 per month- 60,00,000
Total money requirement Rs 2,20,00,000

For rich persons as our calculation, it comes about 5 crore in two-tier or three-tier cities, while in metro 10 crore.
But some persons may be want to earn money for its 7generations and also wants to live like a royal family. Then also a family require 50 crore in the two-tier city while 100 crore in metros. So more than that what do you do.

I advise here, you should first target, how much money you require after that start service to human society. This whole lesson is not to stop working but to start work for society also. Because if you stop work you cannot live long at your home, you also lost happiness and satisfaction of your life.
So start work for society when your families become safe.

Note: calculations are based on 2017 costs in India, future cost should be calculated with inflation indexation

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If money is last target why go to wrong path

It is seen that most of our people’s target is money, but they normally choose wrong path to get it. Like now I tells here my story, when I was in 10+2 class. I study in a government school in my home town. We have three main teachers, physics, chemistry and mathematics’s. Our chemistry and mathematics’s teachers had taken good interest to teach us, according to their time schedule. They also had done a great hard work on us. But some student whose were really very weak, they also go for tuitions to their respective teachers. But our physics teacher never took interest, in teaching at our school. So I think he knows very little physics and he is a poor teacher. But he almost forced each student for his private tuition, But that time I was not gone for tuition to him because I was intelligent in my class. That why, I took self study. But after six month I thought that if I have to take good marks in practical exam, I must go tuition to physics teacher. Otherwise he can cut my marks in practical exam. When I went to his tuition, I was really surprised; he was the great teacher of physics. He remembered each word of our physics books. He was so intelligent in physics.

After 12th I went to the coaching center at Jaipur. Which was one of the best coaching centers of Jaipur for preparation of engineering test. When I was studying in coaching, I saw that our here physics teacher was not good as school one. But our coaching centre physics teacher takes 12 lakhs per annum and works about 7 to 8 hours.

But our previous school’s physics teacher earns 3 lakh from government school and about 3 lakh from tuitions. So he earns 6 lakh per annum. But he had to work about 11 hours at school and tuition.
So If we compare, school physics teacher earns less 6 lakh, he had to do 4 hours more work may be without interest. He also gets little respect in the students, his colleges and society. He also not satisfied with his performance and got low confidence. It is not only my story; it is story to all students who read in government schools. Some teachers spoil not only student life but also their own life also.

But in above story, my some friend may say that his government service will give a pension in his olds age of life. But I here disclose that if he has 30 years of working period and suppose he earns 5 lacs more per annum. After thirty years that increase amount will be 1.5 crore and if interest is also added than it will be minimum 3 crore. If this amount fix deposit in a bank, that will give 24 lakh per annum interest only. That much pension never be given to government teacher.

So what good for money, government school teacher with forced tuition or a coaching center teacher.
Now I here tell you a second story of politician which everybody knows. We all know highest level of corruption is in politics. We also know that highest corruption money is in central government ministry. Bu we know that most of the politician reaches that position after 25 years of work.

Like in 2G case corruption was at highest level, in that level also actually money comes in hand to the politician is 7000 to 8000 crore. But everybody knows his minister D Raja earns about 2000 or 3000 crore maximum in that big scam. So it is highest money, which a corrupt politician may earn in his 25 years of political life. But if we look our nation’s top 500 business men. Then they earns 20,000 crore to 50,000 crore in 25 years as an average. Now I here declare that politics also require very much hard work, intelligence, But still gives 10 to 20 time lesser money. Some intelligent persons may say that politics gives power also but Radia case tells us actual story, that who have real power, who makes ministers also.

So you have to decide what is good, 2000 crore with jail, lesser respect in society, as a corrupt politician or 20,000 crore with respect as a business corporate.
So if require money why we go to wrong direction. We can earn money with intelligent, hard work, honest and right direction. We have to leave thinking little but everybody should think big and believe himself.

Somebody says corruption is a easy money. He does not require hard work. But it is fully false and it also loses your power, your confidence, your intelligence and also make you like a dog. It also losses your respect in your society and you remains in fears always. So why wrong path, you have to decide a good or prosperous life or fearful, tension, fatigue life.
Be honest and intelligent and hardworker.

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