When Will You Become A Millionaire?

Ok, let's face it, even if we entrepreneurs work because of our passion, we still need to bring in money to survive. Except for the lucky few who can treat their businesses as real hobbies, I'm sure we've all wonder how long it'll take us to earn our first million.

Find out how long it'll take for you to become a millionaire here if you let your money work for you:

http://www.e-accountsuk.com/common/calculators/millionaire.html

Have fun!

Let's Learn To Leverage

I believe in the idea of abundance. We may be small but through right partnership and leverage, we will become bigger than we can be on our own.

The Beauty of Coming Together

I don't understand why some people think that to own the pie, they have to hog the pie. Maybe they can create another pie if they just open up and believe in the notion of abundance too.

The only limited resources is that of the man who is an island

Why We Choose The Debt Collector - Case 1

I am naming this as case 1 because I am not that optimistic to think I'll never have to engage their service again. Am just keeping my fingers cross that it won't be anytime soon.

Anyway, there were a few reasons why we chose to go with the debt collector instead of going through the Small Claims Tribunal.

1. The debtor was closing down the retail shop in 2 months time.
   
   • It takes about 2 weeks before we can attend the hearing before the Registrar.
   • If there's any disputes and we cannot come to an agreement, it may take even longer to get the settlement.
   
   
2. The debtor is a retail outlet with no much of asset. Even the more "valuable" items in their shops have some flaws or damages.
   
   • It may even be a waste of our time and effort to pursue and file for a writ of seizure in the event it escalates to this stage.
   
   
3. The debtor owes a lot of suppliers money.
   
   • We figured that if we weren't one of the first to file the claims, we may not even get back our money.
   • Or that we may only get back a small portion of the debt.
   
   
4. We were drained...
   
   • We were exhausted from chasing and asking for payment day after day, week after week.
   • It was more worth it to pass on this frustrating job to the experts so that we can focus on generating sales and growing our business.

And so, we weighed our odds and it has proven a well-made decision! =)