- Created on 04 June 2014
In my other life beyond the Debt Free Divas, I run a community Laundromat with my wonderful husband. The experience has been filled with trials, triumphs and tests of wills. We’ve bounced back from stolen power lines, questionable employees, and general fatigue common with keeping a struggling business a float. After 10 years, we’ve hit a snag that might be a game changer.
We are well aware that most small businesses fail. However, I think like most entrepreneurs, we pushed forward with an optimism that in some ways is part delusional. We invested a massive amount of time and treasurer into the endeavor because we believed that we could overcome the obstacles. This effort was not just a business, we also saw it as a mission field. What better way to build relationships with people in a community than to spend time with them while washing. That was our plan.
- Created on 16 May 2014
Are you familiar with a mastermind? As a budding online entrepreneur, I immerse myself in business how-to’s, best practices, and successful tips and tactics of those doing what I strive to accomplish. I’ve been running into this topic, mastermind, for some time. Essentially, a mastermind is an accountability group. Members meet regularly (weekly, monthly, or quarterly) and help one another with advice, share strategies, or provide connections to help each other reach stated goals. The idea is simple – there is strength in numbers.
Are You Really Helping?
- Created on 09 May 2014
A recent exchange with a Team Debt Free member raised an interesting point. Is giving money the best way to help family and/or friends in need? Here’s my perfectly noncommittal take again – it depends. I will say, an automatic response to help with funds (even when you have them) is not ever the best approach. Many have family and/or friends in need of assistance. Some more than others. Heck, we’ve probably been that person in need at some point. However, helping with cash should be evaluated carefully based on each situation.
If you are a giver, especially one who has received a helping hand in the past, you may lean towards swooping in with financial relief at the first sign of discomfort. The closer the relationship, the more sensitive your giving trigger finger may be. Consider these points before finalizing your next gift transaction: