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Launching your own business requires a leap of faith that a few are willing to take. Increasing numbers of people are coming to realize that corporate America has changed. Job security is primarily a relic; benefits are not nearly what they used to be, and starting your own business looks less risky. It is an affirmation of your conviction when you are prepared to take your income, home, family, and personal properties right into your own hands, bound just by the strength of your vision. Moreover, several business owners do not at first have a secure financial base for overall financial safety.
However, no matter the quantity of fiscal support, according to research, a business that applies these two fundamental yet essential practices might discover they go a much-reduced danger of failing from the very start:
– Prioritization: A sustainable organization sees and prepares beyond first-run margins and focuses on prolonged returns over prompt windfalls. According to Jake Gibson, expert and founder of the online personal money device NerdWallet, it also assists prioritization in terms of themes rather than just a collection of tasks. Take into consideration the top two or 3 most growth-driving variables, and set them as your main points of interest. Gibson points out that variables that do not fit within your company’s direct development construct must not be dealt with as a high priority.
Let me say this, you don’t have to leave your job, but you can have a business on the side to bring in that extra income. In this day and time, you need more than one option. I’m reminded of a conversation I had with an elderly lady. The elderly lady had lost her entire retirement with ENRON. A company I use to work for. She stated that her entire six-figure income, along with retirement, was gone at the drop of a hat. The lady was left devastated. She had to think quickly about how can she recover. Her words to me were that she had to create opportunities to bring her multiple streams to six figures. That way, it would not be hard to recover if she lost resources. You can never put all your eggs in one basket. You have to plan for multiple streams of income. The internet has opened so many opportunities for you to be successful.
Dr. Jacqueline Mohair, the founder of T.I.U.A has three separate schools, including the Trinity International University of Ambassadors Corp. Pensacola, FL, T.I.U.A. School of Business, and the Trinity International Chaplaincy Institute, formerly known as Trinity International Univer. of Ambassadors, both of Duluth, GA. These three schools represent Dr. Mohair’s commitment to providing quality education, training, support, and resources to its students. Dr. Mohair founded all three of these educational entities to meet the needs of its students and communities globally.
On March 26, 2022, TIUA School of Business pre-launched its Honors program for entrepreneurs and welcomed Dr. Jody Watley. On June 4, 2022, the T.I.U.A. School of Business Entrepreneurship Program launched its official coaching program and Honors program that welcomed into its ranks renowned motivational speaker Les Brown, award-winning talk show host and best-selling author Forbes Riley, and sought-after motivational speaker Delatorro McNeal. TIUA School Business birthed the Entrepreneurs Honor’s program to uplift outstanding business owners who make a difference in their communities.
“The School of Entrepreneurship Program is an important step for T.I.U.A School of Business., as it evolves and provides innovative programs to meet the needs of students and communities worldwide,” Mohair says.
“We envision a substantially positive impact, as it will further cement the T.I.U.A. School of Business’s reputation as a leader in the field of entrepreneurship education and increase the school’s ability to engage with businesses in terms of relationships, collaboration, and resources.”
Take that leap of faith and start your business today! We would be happy to assist you in getting started! At TIUA School of Business, we take pride in providing the education you need to get started. Please feel free to contact us at www.trinitybusiness.org or www.jacquelinemohair.com
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