A beginner’s Guide to Wealth Creation [2/2]

A beginner’s Guide to Wealth Creation, How to invest and keep your money
 
Source: The Voice

What has the response been like to your book so far?

We've had people saying that they wish they had got this book sooner. There are so many books of this kind in the market, I'm sure you are aware, but they are filled with a lot of jargon, but our book talks directly to the reader in a language that they can understand.

What would your advice be to people who are worried about the economic downturn right now?

In relation to the economic downturn there's a chapter in our book called, The Economic Cycle. Yes there is a credit crunch at the present time and yes there is a looming recession, however this is the best time to buy as prices are falling so you'll get the best possible price. Shares have trebled and properties have tumbled - it's a buyers market. It's not good to sell right now, but if you can afford to invest this is definitely the time to do it.

What are the common mistakes that people make when It comes to money?

People get carried away with money. For example, a lot of people think that money, is free and they run up tabs Without a thought of how they will pay it back and then try and invest in get rich quick schemes. We are not advocating any get rich quick schemes because anything that comes easily can be lost easily. Take time to build your wealth because then you will have the mindset and the skills to retain your wealth. Get rich quick schemes arc: great in. the short term, but within two years that person will find themselves in the red again. For those who are closely monitoring their wealth as they: go along, you find that they have the technical skills, the financial know-how and are able to reinvest the money they have made along the way.

Taiwo and Kehinde Adesina are also authors of A Simple Guide To UK Immigration and Becoming All You Can Be. For more Information contact Miriam Amony on 0845 003 7729.

A beginner’s Guide to Wealth Creation [1/2]

A beginner’s Guide to Wealth Creation, How to invest and keep your money

Source: The Voice

ACCORDING TO sisters Taiwo and Kehinde Adesina, authors of the book, A Beginners Guide To Wealth Creation, attaining financial freedom is all about changing your mindset. As London-based lawyers, writers and property investors, the Adesina's know all too well about the mistakes that can be made when you enter the financial world prematurely and have used their know­-how to compose their self-help book. This week they tell Your Money (The Voice) readers, about how to invest and safeguard your money.

Why did you decide to write A Beginners Guide To Wealth Creation?

We wrote the book together because as property investors we have made a lot of mistakes along the way and wanted to make sure that our readers didn't make the same mistakes. We hope that by using our experiences people will thrive in finance. The Beginners Guide To Wealth Creation is not a quick-fix scheme; that's not something that we advocate. It outlines step-by-step procedures to creating wealth.

What are the common mistakes people make when investing in property?

Buying property in the wrong location or giving money to middle men who claim they are working on behalf of the property companies, only to find out that this is not the case. It could also be investing in the wrong stock. This is why we decided to write a book to tell the rest of the world.

Can anyone read this book or is It specifically for those interested in property investment only?

Anyone can read this book. It has been simplified and is a step-by-step guide for anyone who is interested in making and retaining wealth to pick it up and follow it. We've sold a number of

books and people have come to us and said that they like the way the book is laid out with clearly labelled sections that is specific for your needs and questions. The way you feel about yourself will determine how far you go in life. Once you overcome the challenges you can then start on the Journey of wealth creation.

Taiwo and Kehinde Adesina are also authors of A Simple Guide To UK Immigration and Becoming All You Can Be. For more Information contact Miriam Amony on 0845 003 7729.

Sheila Elliott’s Tips for success

Sheila’s Tips for success

(Source: The Voice)

BE CLEAR

The very first thing you need to do before you set up a business is to be clear about your vision, because all too often people go into business without having a clear vision about what it is that they really want to do.

BE PASSIONATE

You need to be passionate about what it is that you’re doing because business has its peaks and through and when you start your business it’s passion that will enable you to drive it forward

GET TRAINED

You have to make sure that you have adequate training. It’s nice to have free training, but very often they are not adequate, they are incomplete, and if that’s all people are relying on, then they are already on the road to disappointment.

INVESTMENT

You have to be willing to invest the time and effort in understanding what your market will actually need and not thinking that you know it all. You need to talk to people and find out what it is that they need and look at ways that you can deliver that service.

IT TAKES A COMMUNITY

Within the black community everyone is trying to do things singularly, they don't want to partner with other people. But if you look at the businesses that are actually thriving and you look at the history of black success, it started off with two people. There has to be a culture of partnership, a culture of trust, and that's a tip I would give to people.

PERSONAL DEVELOPMENT

I can't ignore the element of personal development. Very often people want to go into business but they don't want to develop themselves, and we need to get that culture right. People will buy your service, but it's not just your service that they're buying, they're buying you and your product. If you don't develop yourself, you will not be able to develop your product.

FINANCIAL KNOW-HOW

You need to understand about the financial language. Borrowing money I from the bank will involve you speaking the Language that you're not used to. You need an understanding of how the financial market works. You don't have to be an accountant to do that, you just need to understand basic financial statements.

Sheila Elliott Is the Managing Director of BSS Management Consultancy and the author of My Business Is My Business.

www.businessservicessupport. com

www.sheilaelliott.com

www.mybusinessismybuslness.com

Marcia Hutchinson / Primary Colours

Top businesswoman proves that diversity is a winner

By Maxine Myers (Source The Voice)

A BUSINESSESWOMAN whose publishing and learning development company helped thousands of children learn about and embrace cultural diversity, has been honoured for her work.

Marcia Hutchinson, founder of Primary Colours, was named Female Entrepreneur of the Year at the recently Held Yorkshire Black Enterprise Convention. “I am thrilled to have received this award,” said Hutchinson, who set up her company in 1997.

OPPORTUNITIES

Through learning resources such as books and CD ROMs, the company helps schools with diversity consultancy, training and engagement opportunities for staff and pupils. "Last year our in-school work reached over 22,000 children and 2,000 teachers, while nearly 40,000 people read our books. This award is testament to how far we have come so far," Hutchinson said.

More than 400 business representatives came out to the Leeds United Conference .centre to celebrate the achievements of the black community in Yorkshire. Andy Kemp, a member of the judging panel at this year's award ceremony, said black businesses in Yorkshire are thriving.

 

MARKETS

This year's entries graphically demonstrate the impressive rise of the region's black entrepreneurs, and that black business no longer exists in just a few niche markets. The black business community is playing an increasingly important role in providing jobs and contributing to the local economy,” he stated.

To Be an Entrepreneur

So you want to be an entrepreneur? How to decide if starting a business is really for you. Jon Gillespie-Brown - Source: Start Your Business Magazine

It may just prove to be the most cost-effective tool for the self-evaluation of budding entrepreneurs. Engagingly written and organised, the author seems to escort the reader along a rite of passage, a somewhat more light-hearted version of the Herculean tasks. "Together we will break down your lifestyle, traits and attributes," Gillespie-Brown writes, "and, just as importantly, your potential to develop these things". The approach adopted in this book consists of a series of Mentor Lessons which cover advantageous traits of entrepreneurs and how these can be developed. However, all of this is done in a way which is neither irrelevant to the reader nor in a condescending manner.

The personal questionnaires and lessons throughout do in fact feel more like an informative seminar, rather than a mundane account of entrepreneurial endeavours. The result of this combination between being both informative and highly personal, is that the reader takes in all the essential points, the excuses that hold people back from being entrepreneurs and also emphasises the need for maintaining close circles.

The Real Deal - James Caan (From Dragon's Den)

For someone whose business ethos is to go against the crowd My story from Brick Lane to Dragon's Den is written very much in the vein of inspirational stories. Source: Start Your Business Magazine

Not to tarnish James Caan's golden touch in business, but his rags to riches story doesn't break the mould in innovative stories. However, like most things in life it is in the detail where the interest lies. After all didn't Shakespeare begin his plays with the outcome divulged in the prologue? Yet his audience would stay and watch for the plot details to unravel as the how's and why's of the outcome came to light.

Now Caan is no Shakespeare, but the details that pepper his life are unusual. Beginning with Caan's colourful background, this chronological account commences with his childhood in London's Brick Lane as a Pakistani immigrant. Armed solely with his fathers advice Caan recounts his rapid rise through the 'rules of business'. Leading us to his current work for charities in Lahore, Kashmir and Kosovo and his new found value of money.

Wake Up and Change Your Life - Duncan Bannatyne

Duncan Bannatyne’s wake up and change your life, Duncan Bannatyne

Source: Start Your Business Magazine 


From the bestselling author of "Anyone Can Do If', comes “Wake Up and Change your Life". "Dragon's Den" investor, Duncan Bannatyne's ferocious approach to business has secured his astronomical rise within the business world. Starting his career with a measly £450 ice cream van, Bannantyne has propelled his personal worth to £310 million, clearly possessing tour de force entrepreneurial skills. Proving himself as an invaluable source of business knowledge within his list he years, he was already a millionaire.

The appeal of Bannatyne's book is he aims dispel the tumultuous business world with all its jargon and pitfalls into a clear approach. By getting the reader to be honest about their limitations and strengths, he outlines essential entrepreneurial attributes through case studies, exhibiting his invaluable personal experiences and knowledge. From his cool beginnings at ice cream to his fiery “Dragon’s Den" knowledge, Bannatyne shows you how to sIart your own business minus the fire and brimstone.

Internet Marketing – Nigel T. Packer

Internet Marketing – How to get a website that work for your business, Nigel T. Packer


Source: Start Your Business Magazine

Nigel T. Packer's book has been described by many in the business industry as no less than a bible; in not only building a website, but building a business. By following these principals and teachings about marketing, technology and business as a whole, Packer provides the means for improving your business prospects and prosperity.

Packer purposely does not overcomplicate his book as is commonly done in such business manuals. On the contrary, he provides a description of the basic marketing principles, highlighting how fundamental they still are to all businesses. Thus, he shows the execution of these principles as being of the utmost importance to beat competition and control an extremely technical, advanced marketplace.

Packer asks the reader various questions from defining exactly what type of website a
particular business needs, to challenging the reader's understanding of what their customers will want and need from a website. These all contribute to bringing about a successful site but also a better business person.

For further informations: Business for Business