Brought to you by:
David Donhoff
No Bull Financial, LLC
413 14th Ave W
Kirkland, WA 98033
425-223-4520
David@NoBullFinancial.com
www.nobullfinancial.com
About Our Firm:
We provide a holistic, integrated financial approach focusing on safety and stability. We offer advice and management for the portions of your long-term finance that you want to rely on, and can LEAST afford to lose. This includes retirement financial planning, cash-flow coaching, guaranteed investment contracts, real estate notes, investor and primary mortgages, and insurance services. Our intention is your financial goal achievement, safe and certain.
QUOTES from the Masters...
On Time Management On Discipline
"Something will master and something will serve.  Either you run the day or the day runs you; either you run the business or the business runs you." -- Jim Rohn

"Time is inelastic and inflexible.  Time is indispensable.  No achievement is possible without time." -- Brian Tracy

"You will never find time for anything. If you want time you must make it." -- Charles Buxton

"Discipline is the bridge between goals and accomplishment." -- Jim Rohn

"Our main business is not to see what lies dimly at a distance, but to do what lies clearly at hand." -- Thomas Carlyle

"The ability to discipline yourself to delay gratification in the short term in order to enjoy greater rewards in the long term, is the indispensable prerequisite for success." -- Brian Tracy


  Business Briefs

Ask Yourself...

What impact would the death or disability of an owner or key employee

have on the continued success of your business?

Objective: Indemnify the Business for the Loss of a Key Employee
Issues to Consider:
  • Do you have key employees who make a substantial contribution to the success of your business?
  • Do you know what the financial impact on your business would be if a key employee, including yourself, died?

 
Objective: Address the Financial Consequences of an Owner's or Key Employee's Disability
Issues to Consider:
  • How would you continue your income in the event you were disabled?
  • What would the impact on cash flow be of continuing an income to you, if disabled, or to a disabled key employee?
  • If you were sick or hurt and unable to work, how would your ongoing business overhead expenses be paid?

 
Objective: Guarantee Business Loan Repayment at an Owner's Death
Issues to Consider:
  • When your business borrows money, do you have to sign for the loan once or twice?
  • How are business loans to be repaid in the event of your unexpected death?  Are your personal assets at risk?
  • What would the consequences to your business be of having to repay business loans after your death?


MESSAGES from the Masters...
BUILDING A SUCCESSFUL TEAM by Jim Rohn

Once you've set a goal for yourself as a leader - whether it is to create your own enterprise, energize your organization, build a church, or excel in sports - the challenge is to find good people to help you accomplish that goal.  Gathering a successful team of people is not only helpful, it's necessary.

So to guide you in this daunting task of picking the right people, I'm going to share with you a four-part checklist.

Number One: Check each candidate's history. Seek out available information regarding the individual's qualifications to do the job. That's the most obvious step.

Number Two: Check the person's interest level. If they are interested, they are probably a good prospect. Sometimes people can fake their interest, but if you've been a leader for a while, you will be a capable judge of whether somebody is merely pretending. Arrange face-to-face conversation, and try to gauge his or her sincerity to the best of your ability. You won't hit the bull's-eye every time, but you can get pretty good at spotting what I call true interest.

Number Three: Check the prospect's responses. A response tells you a lot about someone's integrity, character, and skills. Listen for responses like these: "You want me to get there that early?" "You want me to stay that late?" "The break is only ten minutes?" "I'll have to work two evenings a week and Saturdays?" You can't ignore these clues. A person's responses are a good indication of his or her character and of how hard he or she will work. Our attitudes reflect our inner selves, so even if we can fool others for a while, eventually, our true selves will emerge.

And Number Four: Check results. The name of the game is results. How else can we effectively judge an individual's performance? The final judge must be results.

There are two types of results to look for. The first is activity results.  Specific results are a reflection of an individual's productivity. Sometimes we don't ask for this type of result right away, but it's pretty easy to check activity. If you work for a sales organization and you've asked your new salesman, John, to make ten calls in the first week, it's simple to check his results on Friday. You say, "John, how many calls did you make?" John says, "Well . . ." and starts telling a story, making an excuse. You respond, "John, I just need a number from one to ten." If his results that first week are not good, it is a definite sign. You might try another week, but if that lack of precise activity continues, you'll soon realize that John isn't capable of becoming a member of your team.

The second area you need to monitor is productivity. The ultimate test of a quality team is measurable progress in a reasonable amount of time. And here's one of the skills of leadership: be up front with your team as to what you expect them to produce. Don't let the surprises come later.

When you're following this four-part checklist, your instincts obviously play a major role. And your instincts will improve every time you go through the process. Remember, building a good team will be one of your most challenging tasks as a leader. It will reap you multiple rewards for a long time to come. 

To Your Success,
Jim Rohn
 

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The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals.  The information provided is general in nature and should not be considered complete information on any product or concept described.  For more complete information, please contact my office at the phone number above.

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Private Real Estate Banker/Investor
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