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Wealth Building Strategies

Who Am I Competing Against For Dollars

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Posted by Eamonn Percy - The Percy Group

on Thursday, 09 June 2016 04:32

raining-money-fbUnderstanding the New Competitive Landscape in a World of Significant Change.

"Competition is on for discretionary dollars, as growth of real after-tax income of middle class Canadian families has stalled"

Mobile internet, combined with cloud technology, has enabled US mobile e-commerce (m-commerce) revenue to grow from $13.6B in 2011 to $155B in 2015, and is on track to grow at an annual rate of 28%.  Amazon and Walmart now both offer free shipping and same day delivery in some cities.  For businesses, Amazon Supply is quietly targeting the fragmented trillion-dollar US commercial and industrial B2B wholesale and distribution market.



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Wealth Building Strategies

How to Grow a Loyal Workforce as You Grow Your Business

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 31 May 2016 10:22

Screen Shot 2016-05-31 at 10.11.26 AMDuring a phase of rapid growth, don’t focus on keeping a tightly knit workforce, rather focus on keeping a tightly knit mission to dominate the sector, and then align the workforce to that mission. 

To achieve this, do the following three things:

1/ Focus on a core competency

The mission to dominate a sector will ensure the company stays focused on market needs, pushing it to innovate new offers, develop new business models, and clearly define the core competency necessary to deliver ongoing value.  A tightly knit workforce can then be built and focused upon this core competency (e.g. technology, design functions, engineering expertise). 

2/ Make change the new normal

High growth companies are in a state of constant change.  This state needs to be defined and communicated by the business leader as normal, healthy, and lower risk than the status quo.  All sacred cows should be offered up for slaughter as necessary, so the cultural expectation becomes the willingness to change internally in order to dominate the space externally.



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Wealth Building Strategies

10 Easy Steps To More Cash Flow

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Posted by Eamonn Percy - The Percy Group

on Monday, 30 May 2016 05:26

Screen Shot 2016-05-30 at 7.12.39 AMStep 1. Know your numbers - The best business leaders are able to describe their business, market and future plans, numerically. Exceptional growth comes from the precise understanding of all aspects of your business, including key metrics (e.g. sales funnel health, CAGR, and gross margins) and the status of current resources such as cash. I am not suggesting you lack emotion or passion, but rather complement it with objectivity. 

Step 2. Embrace low-cash, growth strategies - Often a company in growth mode will get a rude awakening when the sales plan actually succeeds, only to discover cash consumption, for working capital, can vastly outstrip cash generation. One of the better problems to have, but don’t let it become fatal. Build low cash growth strategies upfront such as: non-core outsourcing, well negotiated deal terms, low cost technology platforms, and scalable, multi-channel business models 

Step 3. Maintain control of your financial systems at all times - Build strong and robust financial systems lead by competent and trusted financial managers. Never, ever lose control of your financial systems. When in growth mode review your financial statements frequently (monthly) and cash position weekly. Audit your systems regularly and keep a constant lookout for incompetence, deception, and fraud. Leave nothing to chance here. 



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Wealth Building Strategies

How to Overcome Trading Emotion

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Posted by Tyler Bollhorn - StockScores

on Sunday, 22 May 2016 09:48

Tyler highlights seven Ways to Take Emotion Out of Trading plus using his favorite scan for finding long term position trades presents two stocks that look like they can outperform in the months ahead. 

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  • In This Week's Issue:

    - Stockscores Webinars - Three this week!
    - Stockscores' Market Minutes Video - How to Trade Reward for Risk
    - Stockscores Trader Training - How to Overcome Trading Emotions
    - Stock Features of the Week - Stockscores Simple Weekly

    Webinar - Saturday's recording plus three coming this week
    I did a webinar this Saturday which focused on three of my trading strategies, I think it is a great way to understand the process and time required to apply my approach.

    You can watch a video of this webinar on Youtube by clicking here.

    Three more webinars this week:

    Monday - How to Grow Your Retirement Portfolio
    6pm - 7pm PT (9pm - 10pm ET)

    Thursday - How to Make Stock Trading a Career
    6pm - 7pm PT (9pm - 10pm ET)

    Saturday - How to Get the Most Out of Stockscores.com
    11am PT (2:00 pm ET)

    These webinars are all free, register for them by clicking here.

    Stockscores Market Minutes Video - How to Trade Reward for Risk
    Can buying a stock at a higher price actually be more profitable? Yes it can, this week I show you how.Click Here to Watch To get instant updates when I upload a new video, subscribe to the Stockscores YouTube Channel

    Trader Training - How to Overcome Trading Emotion
    I think that many traders have a hard time believing that they can make money by buying a stock and waiting. Most of us are not taught to make our money work for us but instead that we must work for our money. Go to a job, put in the time and you get a pay check. Work hard, your pay checks will grow. But the thought that you can make money by putting your feet up is a difficult thing for most to grasp.



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Wealth Building Strategies

How To Become An Opportunity Magnet

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Posted by Eamonn Percy - The Percy Group

on Sunday, 22 May 2016 09:38

“Don't go around saying the world owes you a living. The world owes you nothing. It was here first."  – Mark Twain
 
opmOn the Offense for Opportunity
Success requires taking frequent small structured steps, while seizing infrequent large opportunities. These large opportunities are usually the events in our life that transform us, while the daily rigorous and structured steps we take prepare us for these opportunities. The steps are defense; the opportunities are offence.
 
When these opportunities appear, it requires bold and courageous action to seize them. The trick is to be prepared, recognize opportunities and don't let them slip by.  These big opportunities occur infrequently, perhaps only a couple of times a year. When you see it and it looks good, pounce on it! Do not procrastinate or be fearful.
 
The Opportunity Mindset
Keep your hunt for opportunity at the front of your mind. Have you ever had the experience of buying a new car, on the way home from the dealership, it looks like every second car on the road is the same as the one you just bought? Your brain has tuned in to that particular car, so that’s what you see. Opportunities are like that: there are lots of them, but your brain must be trained and in tune to spot them.
 
Here are the things you can do daily to become more opportunity-oriented:


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