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7 Time and Money Saving Reasons You Should Get a Security Alarm Installed in Your Business

Every business should have a security alarm installed for time and money saving reasons. Why would you want to place your business in jeopardy?

Homeowners have already been listening to the message. Thousands have already installed complex security patrolled alarm systems in their homes. So why wouldn’t you want to protect your business investments the same way?

A burglary can cost a business lots of money. If you want to make the most of your business, then you should follow the seven guidelines below which detail the many reasons you should invest in a security alarm system for your business.

1. You will save thousands of dollars if you spend a few hundred on a great security patrolled alarm system. You don’t want a burglar to walk away with thousands of dollars of technology and data just because you didn’t think to protect your information.

2. Business security technology is sensitive, specific and more affordable than ever. Today you can have security updates sent to your cell, your email and even your home if you want to monitor your business from home, and the price is reasonable.

3. You can now set up safer cash flow practices to ensure your employee’s are not stealing money from you using advanced business security measures thanks to modern technology, and prevent hundreds of dollars in lost income from thieving employees.

4. You can provide your employees with a safer working environment, especially if they work odd hours or late shifts, when burglars are most likely to strike. You want your employees to feel safe as much as you want to feel safe on the job. It is vital you provide them with a safe place to work no matter the time of day, and this is possible if you use a safe security system.

5. A properly installed security system is monitored by an outside agency, so you can focus your time and energy on your business, not on security measures. Why would you waste valuable time and energy on security measures when you have plenty of work to do? Make sure you spend your time where you need it most… on building your business and maintaining your customer base. Let the security professionals worry about protecting your business investments.

6. You can rest easy when you take extended vacations knowing your businesses security is on auto-pilot. You won’t have to worry about internal or external thievery with a complex security alarm system you can set up with proprietary business information. Complex coding systems and varying access levels are possible thanks to modern technology. Specially trained professionals will work with you to establish the access levels you need to ensure added protection when you are away.

7. A business security alarm system is a necessity. It is the smartest decision a business owner can make in a society where burglary and robbery are on the rise. One of the first new purchases every business owner should make is a security alarm system.

Keys to Small Business Success

According to the US Small Business Association 2/3 small businesses are out of business within 2 years and from those remaining only 44% survive the next 2! This is a dire statistic for those considering starting their own company and perhaps a necessary reminder to the uninitiated or uncommitted.

In some cases and for some people betting your entire investment on one hand of cards might statistically give you a better chance of getting ahead. But, you’re not going to make the same mistakes that the majority of small business owners make, are you?

What are those mistakes?

And what are the keys that give the top 14% who make it the winning edge?

Mistakes to Avoid

While there are a number of mistakes that can cost you your business some are easier to avoid than others. Natural disasters and, to some degree, economic factors may be beyond your ability to avoid and apart from insurance there may be no point in preparing contingency plans for them. So what are the pitfalls that you can avoid?

Lack of vision, goals and planning

The essential building blocks for your business must be a vision or mission and an accompanying set of goals and plans. Plan your work, then work your plan is a popular saying amongst successful business managers. These winning leaders know that prior consideration of the business and its environment is the key to future success. This doesn’t have to be complex or even detailed to be successful. You could have a living, flexible plan that allows for your personal preference and style. This is okay, provided something is prepared before you start out and written down so that you can refer to it and measure progress and actions against it. Then schedule regular reviews of your goals and actual performance.

Insufficient cash flow

Without cash your business will grind to a crashing halt overnight and you’ll find yourself and your business on the wrong side of the statistics and in the back of the unemployment queue. You simply must have money. That is not to say that making a profit is necessary, particularly in the first few years as your business establishes itself, but the cash to meet monthly expenses is vital. Failing here is probably an extension of a failure in your planning and review (see above), but equally it could be a result of simply failing to collect the money owed to you or to be too lenient on customers or staff (fraud is a very big problem – plan for it!)

Expanding too slowly

The market is a massive place today, particularly with the simplicity of the internet. Businesses are competing not only with local rivals, but also with interstate and overseas companies big and small and with family run or home based business using auction sites like eBay to sell items at prices that the average ‘bricks-and-mortar’ business with large overheads could profit from. Margins are very small in this environment and so the key to success is now expansion. You will stand a much better chance of winning the war if you have troops on the ground in a number of places (so to speak). Consider franchising if you are not comfortable taking on a number of offices or stores or get good advice and mentoring from someone who has done it before. It’s really necessary, despite the complexity involved.

Insufficient/inappropriate investment

Do you own your own business? Chances are that if you are still small you have put most of the funds in yourself. What should you invest it in to get the most value for those precious dollars? Certainly you’ll need plant and equipment to get you going, but don’t be afraid to invest in quality technology and in training and promotion as well. We are living in a vastly different age now than ever before. Technology is at the forefront of global commerce and you need to be hooked into it just to survive. Of course there is no need to go overboard, but you simply must be mobile, fast and able to store and process data quickly and accurately. Training and promotion are likewise necessary for your staff and opportunity to drive and navigate the information superhighway successfully.

Poor business and/or management skills

Chances are that you are not good at everything (even if, like me, you like to think that you are). You may be a whiz at technology, or great with people, or have a nose for a deal or the head for negotiation. Whatever your skill set is you should work to your strengths and try to develop your weaknesses, but while in time you may improve in some of those, you may not do it quick enough to save your business from the 85% destined to failure. Get people on board that complement your strengths and you’ll find yourself in a much better position to guide your company forward successfully and really listen to what those who know better than you have to say!

Keys to Success

If you can avoid the mistakes listed above you have half the battle won. Now, take no prisoners. Pump up your attitude and get your mind around the idea that you are going to be one of the successful ones. This can take some practice and mental conditioning coaches, positive friends and family members and mentors are going to help you get yourself thinking better if you make it a habit to consult with them. Arm yourself with motivation and with people that will remind you why you are in business and what you want to get done. Get in contact with mentors or take on partners who can guide you and a team that will support you.

Being a small business owner is a difficult road and one that will require not only iron-clad commitment and unshakable determination, but great sacrifice, often of personal and family money and time. Be sure to be appreciative of any people who you love who have to give up something they value to support your ambitions. Keep your health up and eat well, don’t skip meals or exercise and get some refreshment in the form of entertainment or recreation now and again so that you can keep at it for the long run.

Oh, and keep your eye out for a little bit of good old fashioned luck!

With these things in mind you are in a position to be able to make it, and remember that despite the grim statistics many, many businesses do. Yours will be one of them and you will be able to achieve your dreams and ambitions if you stay true.

And stay out of casinos!

Why Invest in an IRA If You Need Money NOW?

Here’s a take on retirement planning from a youngster with a full head of hair and his whole life ahead of him:

When I first began investing in real estate, I was 22 years old and I wanted to make money for two reasons: 1) To finish paying for college, and 2) To generate enough cash and equity to be able to live off my passive investments as soon as humanly possible. This meant that I needed access to every dollar I earned (as well as dollars I borrowed) in order to buy more houses, create more wealth, and get to the point where I could retire early.

Like many of you, I heard how amazing self-directed Roth IRAs are for real estate investors who use them to invest in real estate and grow their nest egg by leaps and bounds, tax-deferred. But every time I came close to actually getting started, this little voice would pop up in the back of my mind:

“I need my money NOW, not when I’m 60!”

I rationed that if I were going to wait until I was 60 to retire and take money out, then a tax-deferred retirement account made sense. But since I planned on retiring and living off my investments at the age of 25 or 30, I figured, “What’s the point?”

Here’s four points I should have considered:

Point #1: Why not? The opportunity to have at least a portion of your hard-earned money safe from the clutches of the government is too good to pass on. When no taxes are paid on interest earned, even small amounts of savings can add up over time. If you want to use as much of your income as you can to live on, or to do deals, consider investing at least a small percentage of your income or profits in an IRA.

What if you put a mere 1% of your income into an IRA account? If you earn $60,000 per year and invest only 1% of it, that is only $50 per month-not something that is going to have a major immediate impact on your ability to buy more properties. But it will add up in 30 years if you can earn at least 10% per year, which for creative real estate investors is low.

After all, aren’t we in a business where you can wholesale a deal and make $5,000 in 15 days with $0.00 of your own to begin with? If you can make an infinite return, then trust me, you can earn an ROI of at least 10% per year. So why not sock away some savings or at least do one deal in your IRA? I think the chance alone to legally thumb your nose at the IRS is priceless.

Point #2: Diversify a little. Having success with high-return real estate investments does not mean the principle of diversifying is not applicable to you. Even the world’s wealthiest people diversify their investments. They don’t just keep reinvesting 100% of their money in one thing, because what if it stopped working and you lost it all?

You could separate your IRA funds from your other savings and investments and use them exclusively for some other kind of investment, like high-interest loans, buying liens and judgments, or even (gag me) mutual funds.

Point #3: You can still borrow it back. My rationale for not putting money in an IRA in order to have it available to use for deals does not add up when you consider that you can use IRA money to do deals. Of course, there are rules about how it’s supposed to be done appropriately so as not to be considered self-dealing, so follow those, of course. I’ll leave that subject to the IRA experts.

Your money will still available for you to use for deals with the added benefit of growing your profits tax-free until you take them out. The only downside is that it won’t be available to use for anything else, like paying your bills. For this reason, I recommend having adequate savings to cover you in the event of a temporary cash crunch.

Point #4: Forced plans force success. The only time I’ve ever consistently and effectively saved money or paid down debts over time has been when it’s an automatic plan of some kind.

When I decided to pay off my car loan, I just couldn’t bring myself to part with a check for $6,000 all at once. For two years, I kept saying I would do it in one lump sum, but never got around to it and kept waiting for a better time which never came. So I set up automatic payments with my bank, who sent a check for 1/12th of the balance each month until it was paid off in a year without me even thinking about it.

My concern is that many people, like the old Me, keep putting off using an IRA until “someday” when they will begin using it to invest in all of their deals. I prefer doing it in an automatic, consistent method that does not rely on you remembering to put aside money, and is done a little at a time.

And I believe it’s wise to keep your investment money separate from your other funds. Do you remember Mark Haroldsen’s story in Financial Genius about the shame of “dipping into your capital?” What better way to keep that from happening than to store it apart from the rest where you won’t be tempted to squander it?

In Conclusion

For these reasons, I think it’s smart to use a Roth IRA to invest in real estate (or anything else that you can), even at, nay, especially at a young age. The younger you are, the more you have to gain by having all of your investment returns working for you rather than for the government.

The years are going to go by whether or not your investments are growing tax-free, so why not do it? If you haven’t taken advantage of this incredible financial strategy, I recommend doing it now because “someday.”