The London Business Journal Volume 2 Issue 5, 2015

Page 13

WealthBeing

www.londonbusinessjournal.co.uk

work for you and what the personal challenges are. a. It’s scary walking into a room full of strangers (a networking event) but there are techniques for overcoming your fears. b. It’s enticing to jump from launch day to thinking of a multimillion pound organisation without putting vital building blocks in place: creating a can do culture, allowing failure, and a process of rectifying it so that the business provides a good service, not a perfect one. 4. WealthBeing advocates that there is an end to your time in the business because people, and businesses, are both finite: you will run out of skills, even with a business partner or mentor at your side, and maybe energy. And every business eventually becomes obsolete. Far better to sell it and either enjoy the freedom that that entails or do it all again. 5. Central to the guide is a method of calculating how much the business should be sold for - so as to give you a house, capital to live off, enjoyment of life’s little luxuries

and something to pass on - and what profit it needs to make in order to achieve that. The tool to do this is on the website, http://www.wealthbeing.co.uk/cal culator 6. And that’s not the only numerical help in this book. As Malcolm says “business is easy until you put numbers to it”. So at every stage there is an illustrative profit and loss account and that lesser known but equally important document: a balance sheet. Understanding the balance sheet, or employing someone who does, is as vital as looking after your mental health. You might say that 1 5 minutes meditation and 1 5 minutes attending to cashflow every day will ensure that every other problem that you face will seem like a minor obstacle. Creating a business, selling it and enjoying the freedom that that entails is a substantial undertaking and sometimes you may feel like giving up. Malcolm did but, as he says, his belief that he was making a difference and his determination to play the long game kept him at it. He has

overcome divorce, depression and other disasters which are shared honestly, not as badges of honour but because stuff happens, and whilst no-one wishes it on you some of these things, or others like them, will happen. But follow these guidelines and you can overcome them and have all the elements of a wealthy enough lifestyle as well as satisfying the needs that psychologists such as Maslow found are essential to a happy life, especially safety, esteem (achievement in life), cognition (the thirst for knowledge),and, selfactualisation (meeting your full potential), As the first reviewer says, reading this will “leave you feeling energised and empowered.”

www.wealthbeing.co.uk We plan to hold an event with Malcolm where you can ask him more. In the meantime please enjoy the book at a 1 0% discount to the market price by contacting us. Volume 2 Issue 5, 201 5

www.londonbusinessjournal.co.uk

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