People who take the time to carefully plan their financial futures are less likely to fall victim to Ponzi or Pyramid schemes as they have more realistic return expectations. The desperation that lures a lot of people into “get rich quick” schemes is due to a lack of financial future planning, such as having to supplement a declining retirement income. Ponzi schemes can start off as legitimate investment vehicles. But the investment vehicle can degenerate into […]

“Get rich quick” schemes aren’t a new phenomenon, and yet people still get lured into these sorts of financial scams.The problem occurs when the temptation of above market return on investment outweighs well-founded suspicions. Wealth is generated through hard work and smart investing, you should be wary of ‘shortcuts’. Besides the promise of an unrealistic return, a Ponzi scheme will do two things: it demonstrates that the unrealistic return is being achieved and provides a clever […]

Last week we covered some of the basic elements of running a business, this week we look more to the growth of the business and keeping that growth sustainable. Remember, running your own business is hard work, but having a sustainable organization that adds to the lives of others and protects the environment is well worth the effort! 6. Structure your business to maximise profits. This is an obvious one that should not be misconstrued. You […]

Being an entrepreneur is exciting and fulfilling – if you are able to stick to your passion and make a success of your business! It’s easy to get tangled up in the complexities of running a business, when that happens it can be good practice to focus on some of the fundamental aspects of the business to bring you back down to earth. When running a business you are essentially trying to get your money to […]