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Why cheap food is an entrepreneurial tool?

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Posted by: Core Team, LegacyBuilders Global

Why cheap food is an entrepreneurial tool?

A whopping 92% of the world population lives on less than $10 a day. These people have simple needs, and this is where entrepreneurs can do most of their business. By eating cheap food and shunning luxury, food entrepreneurs or even business owners can save more for their business without spending too much capital.

When you are out to start small business and looking for cost effective ways of succeeding, cheap food is a valid option. As business owners, we can tell ourselves all we want that used to have a stressful schedule and spend all our capital on luxuries. But the reality is, having extravagant spending means limited growth for your business.

It might sound absurd, but purposefully choosing a cheap mode of living is a smart and effective way of running a business. It has been proved that companies with low-cost of expenses are more profitable. This is because most of their resources are diverted and saved for business ventures which leads them to profitability. 

Cheap food is a resourceful tool

Cheap food saves you money in two ways:

  1. By allowing you to live frugally and save your money for future investments, such as starting up a new business or saving for retirement. Saving money allows you to invest in other opportunities that may not be so profitable but will allow you to use your time wisely on something that matters more than money.
  2. By reducing the cost of living (by eating cheaply), it reduces the amount of money needed to maintain your lifestyle, thus freeing up some extra cash flow for investing elsewhere in your life.

By choosing cheap food, you will be able to save more money for your business. You can use the money you have saved for other purposes such as buying new equipment or supplies for your business or even hiring workers who will help in increasing productivity.

Cheap food saves money that can be used for business growth

Food is a huge expense for businesses, especially restaurants and other food service companies. The average American spends more than 10% of their annual income on food, and many owners of small businesses spend much more than that. Even if they don’t have to pay rent or utilities, they still must pay employees, and those employees need to eat.

We’ve already discussed how investing in cheaper food can help reduce costs and increase profit margins. But there’s another reason why cheap food is a good thing: it lets you save money that can be used for business growth.

For example, if you’re starting a new restaurant, it’s important to get your name out there as quickly as possible. That means advertising and marketing campaigns right away, which can be expensive. It also means investing in equipment like ovens and refrigerators that will allow you to serve more customers faster without sacrificing quality or taste.

Most businesses don’t have unlimited capital available when they start out — especially not small businesses like restaurants or retail stores in rural areas where there aren’t many people around anyway (or at least not enough people who know about your business). So, it makes sense for these entrepreneurs.

Businesses with low-cost of expenses are more profitable than those who spent on luxuries

Businesses with low-cost of expenses are more profitable than those who spent on luxuries. It is also cheaper to run a business if you have a low cost of goods sold (COGS).

If you are thinking about starting a business, then you should take note of the fact that cheap food is an entrepreneurial tool.

The importance of cheap food as an entrepreneurial tool is not just limited to restaurants but can be applied to any type of business.

Low-cost food is an important factor for businesses to be successful. Some entrepreneurs think that they do not need to care about this because they have enough money to spend on luxuries. But this is not true because if you want to grow your business and make it successful, you should focus on your business’s profitability first.

The reason behind this is that most businesses fail because they do not have enough resources to sustain themselves. And when they start losing money, they are forced to shut down or sell their business at low prices.

So, how can you maintain a profitable business? How can you make sure that your business will be able to sustain itself for years to come?

The answer lies within the cost of expenses. Businesses with low-cost of expenses are more profitable than those who spent on luxuries.

Conclusion

In a nutshell, start a business that is going to keep your costs low. Be creative and find ways to acquire what you need while spending as little as possible. Cheap food doesn’t have to mean cheap quality. By implementing this strategy even, the most meager of budgets can be stretched a bit further.

With growing competition in the market, the growth is controlled by resourcefulness and not extravagance.

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Money Mindset

Why not asking Google & Co. costs you a fortune?

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Posted by: Core Team, LegacyBuilders Global

Why not asking Google & Co. costs you a fortune?

Our daily life can be greatly influenced by Google. It is smarter, more accurate and most of all, cheaper than other search engines online. It helps us find information that can be used in our daily lives like recipes, schoolwork, and even simple directions to certain places.

You don’t know how to find something, or maybe you have an important task that is pending and you need some information about it – Google will help you. You can cook a delicious meal, become a fashion guru, improve your business and manage your time more effectively by using Google. The above-listed benefits are just a glimpse of the endless possibilities offered by using Google. But what’s the bottom line here? Money, of course! Or more precisely, Google saves businesses millions in advertising costs every year. So it is not an exaggeration to say that Google saves millions of dollars for businesses that turn into profits.

Google helps you save money by providing high-quality information.

You can reduce your expenses, but only if you use the right information to make decisions. This is free information, so you can make a lot of mistakes and not worry about it. You would not have to worry about paying a lot of money to get high-quality information.

But did you know that it can help you save money? It’s true: because of the wealth of information available through Google and other search engines, you don’t need to pay for advice from a professional or get a subscription to an expensive service; instead, you can use the internet to find out almost anything.

When you don’t ask Google, you miss out on a wealth of information that could help you save money. The search engine’s been helping us save money for years.

For example, a quick Google search reveals many ways to save on travel. You can use it to search for discounted rental cars and book hotels at lower prices than you’d see on other sites.

If you’re shopping for a car, googling “what car should I buy for my lifestyle?” brings up all sorts of useful information, like what types of cars are best suited for families with young children or people who live in cities versus those who live in rural areas. Even something as simple as searching “best deals on tires” can help you find the best deals before you buy.

What about household appliances? Entering “is it worth repairing my ____” into the search bar will help answer questions like whether or not your washer is worth fixing, saving you the cost of a new one, or if your television is worth repairing before buying a new one.

Connection with the world around you.

Google has become an integral part of our lives. It’s how we connect to the world around us, and how the world connects to us. It’s a portal to information, a hub for commerce, and a channel through which we can engage our customers. In short: Google is the new phone book—and it pays you back in ways you may not even realize!

Google has been a trendsetter in the field of information technology. It offers you a wide range of products and services to help you have a more fulfilling life. Google provides you with an opportunity to connect with the world around you. Google helps you explore new hobbies, check out new places, meet new friends and discover who you are by giving you a platform to showcase your talent.

The information age has given us unprecedented access to the world around us. We now have the ability to easily connect with people and places on the other side of the planet—an incredible accomplishment that was completely out of reach for the vast majority of humanity up until very recently. 

Create relationships with other people who share your interests and passions.

If you are a business owner, you already know that the biggest asset you have is your reputation. If you don’t protect it and grow it, you will lose money.

Google helps you create relationships with other people who share your interests and passions. You can reach out to them, help them solve their problems, and, in return, they will keep coming back to see what else you have to offer.

With Google, you can create relationships with other people who share your interests and passions. You can find them on YouTube, for example, and connect with them through the comments section.

Google Offers A Variety Of Tools

Google offers a variety of tools that can help enhance your business. 

Google Analytics, for example, is a free web analytics tool that helps you understand who your customers are and what they do on your site. When you use this tool, you can find out how many people visit your site each day and where they come from. You can also see which pages they look at, how long they stay on those pages, and what actions they take while there. It is important to understand who visits your website to make sure that it is designed to meet their needs. With Google Analytics, you will be able to find out about your visitors and make the necessary changes to improve the usability of your site for them.

Takeaway

It is hard to overstate just how much Google’s search engine has changed our lives. If we’re curious about something, all we have to do is type a few words into a box, press Enter, and in less than a second, we’ll receive millions of answers in return. It’s an amazing gift, but it can also be a dangerous one. The problem with asking Google any question you want is that it can keep you from using your brain—the most powerful tool you own. 

Think about it: if you’re constantly looking to Google for answers, how often are you taking the time to think about those questions yourself? And if you don’t take the time to think about them, when will you ever get better at solving problems? You may not realize it now, but every time you ask Google a question instead of coming up with your answer, you get a little bit worse at thinking outside the box. 

Google’s algorithms are powerful because they use artificial intelligence, not because of their size or the relevance of their content. Did you know that the number of searches for “How do I grow my business?” has risen over 1,000% in the last five years.

What are you doing to harness these emerging technologies to help you grow?

You don’t have to be a genius to benefit from the free training that LegacyBuilders Global offers.

Contact us if you want to learn how: https://www.legacybuildersglobal.com/contact/

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Our Top 10 Learnings in 2020

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Posted by: Core Team, LegacyBuilders Global

Our Top 10 Learnings in 2020

What we learned from all the difficulties that we had to face in the past is the importance of having a positive mindset. Even if something goes wrong, it’s necessary not to get affected by that and keep going. And the only way to do it is to see everything with a positive spirit and look for solutions instead of problems. Because when you look at everything as a problem, it will feel like your problems will never end.

It’s been a tough year for a lot of startups and online businesses but it has also presented great opportunities for those who have adopted the right mentality. So, we’d like to take some time to discuss what I mean by “the right mentality” and how this will affect everything you do in the future.

Here are 10 things that we learned in the year 2020:

  1. Getting your mind in the right direction is really the most important thing.
    Getting your mind in the right direction is really the most important thing. If you’re not focused on what you’re doing and don’t have a clear plan, it’s easy to get off track from your goals. Once you’ve got your mind in the right direction, you can start to focus on the practical steps that will help you reach your goals.
  2. Things happen because you did something or didn’t do something.
    There are things that happened because you did something or didn’t do something. You are responsible for these things. And even if they hurt you or cause frustration or embarrassment, they’re yours and they make up who and where you are today.

    You can’t change what has already happened, but you can change what happens tomorrow. And tomorrow is starting right now.
  3. Focus on what you can control.
    The only thing you can control is the way that you show up, the way that you work, the way that you fight through adversity, how hard you work each day and how much positivity you bring to your teammates.

    Look at the situation, take a step back and look at how you’re seeing it.
  4. Work as a team, choose the right circle.
    Don’t expect to come out of the gate running. You’ll need to build your circle first. Don’t just choose anyone as your team. Make sure that you share a vision and that you’re willing to work together in achieving it.

    Choosing the right people will help you build a strong foundation for your business.
  5. Your inner circle is the best support system.
    Your inner circle is the group of people you can trust with your darkest secrets and most vulnerable moments. When you think about it, there are probably only a handful of people in your life who you truly feel this way about. Your parents, siblings or spouse may be among them. Beyond that, though, your inner circle may include just one or two other people.

    When you are facing a tough situation, the people who love you and care about you most are the ones who can help you get through it.
  6. Personality of People
    We have to understand the personality of people. We have to know what others think and feel about you. We have to consider what others are looking for in you and we must be aware that it is not always possible to meet all the expectations of others. And we should also know that we should not be trying to do so.

    We need to understand that there are certain things that you cannot ask or expect from everyone.

    There will be people who will not be able to give you everything that you want and there will be some people who can only give you certain things and not everything.
  7. If you don’t have a plan, you’re planning to fail.
    Planning is the key, if you don’t have a plan for your life, somebody’s gonna plan your life. Most people don’t have a plan or they don’t have any idea what they want to do with their life. And that’s the key, you have to stick to your plan and work every day towards it, it may be hard but you have to do it.
  8. Speed of implementation is really a game changer.
    A lot of the time, speed of implementation is really a game changer. Most business ideas have already been thought of — it’s just a matter of executing them well and quickly. I’m a big believer in Richard Branson’s strategy: “Screw it, let’s do it.” Don’t overthink it — just get started, and figure things out as you go.
  9. Balance
    The separation of work and personal life is important. Remember, your job is not who you are. You have many other aspects to your personality that needs attention.

    When you start to lose sight of what’s important in your personal life, you can lose sight of the things that matter to you. Your job can be replaced, but if you have a family and friends, they will always be there for you. Make time for them. 

    Take some time each week and make sure that you are doing something fun and meaningful to you outside of work. It doesn’t have to be anything extravagant, just something that allows you to express yourself as an individual separate from your career.
  10. Have a headstart!
    We can’t all be first in everything we do, but we can learn from those who are.

    Everyone has just the same 24 hours in a day, but some people are more productive, successful and happy than others. The reason is simple: they know how to manage their time. Time management makes it possible for you to create balance between your personal and professional responsibilities. It also helps you achieve your goals faster with less stress.

    How do you get started?

Takeaway

This is the truth: getting your mind in the right direction is really the most important thing. If you don’t think positively, then chances are that you will never get anywhere.

This coming April 28th and 29th,  Discovery Days will be held in North Cyprus. It is an alternative for people who want change in their lives but are afraid of starting from scratch again. To get more information about this FREE opportunity, click here!

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Entrepreneurial Mindset Money Mindset Others

Discipline over Mindset

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Posted by: Core Team, LegacyBuilders Global

Discipline Over Mindset

The most successful people you meet, when asked how they do it, their number one response is “discipline.” Discipline gives you the power to stick to your choices and help you to follow through with your options without backpedalling. Discipline helps you keep moving and showing up for yourself, even when your mind tells you to quit.

Many people struggle in life because of the mindset problems keeping them down. People often fail to start and hide behind their blockages or use that as an excuse. Discipline is essential to helping you to create even when you feel like things are too complicated. If you can manage your self-regulation, show up every day for yourself, and do the things that bring you further to your goals, you will find that your discipline is essential and will beat your mindset problem.

What is Mindset

To understand how discipline affects mindset, you must understand what philosophy is. Your perception of certain things influences how you think and feel. It is a set of beliefs that give the world around you shape and meaning. There are two types of mindsets: Fixed and Growth. In a Fixed mindset, you believe your abilities and strengths are set and cannot be changed. While growth mindset means you think you can develop your skills and resilience over time with persistent behaviours. 

A growth mindset can help supercharge your discipline. You have the ultimate tools to learn, grow, and become successful when you have both.

How Discipline Can Influence Mindset 

Over time, you focus your energy on your discipline and getting things done, one day at a time. You begin to change. Over time you’ll start to see improvement and growth, and at first, it will be a challenge. With discipline, you’re battling a negative mindset, and you must overcome to push through. As you fight, these battles become more manageable, and every day, it eventually becomes routine, and everything you do daily, built by your discipline, becomes normal.

How to Develop Strong Discipline and Grow

Discipline is a more straightforward goal to attain than you may think. Developing your discipline and growing to success requires starting with simple small tasks, actions, and behavioural changes. Here are a few things to keep in mind and work on to become disciplined:

Understand that it is not an easy task and get frustrated. With frustration comes growth. 

You have to work hard to become successful. 

Disciplined people practice their patience.

When you are disciplined, you value your own time and value and respect the time of others.

If you are to be successful, you have to have a level of organization.

Take accountability for your actions when things do not work out as expected.

Understand that changes are inevitable with your current mindset, and with discipline, you can mould your attitude to work in favour of your domain. 

Conclusion 

Having strong discipline can help you push forward every day, and when your mind begins to tell you to give up, discipline is what keeps you going. If you want to change your life, your discipline is the key to starting, moving forward, and growing your success in life.

Check out this episode of the Grab Life by The Horns Podcast at Apple Podcasts or Spotify. Get PAID. We don’t create investors; we create Legacy Builders. 

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LegacyBuilders Global

LegacyBuilders Global Team

Our valued members benefit from first access to our best off-market deals, high class group exchanges, expert interviews, exclusive content, special offers and much more. Truly A System Where Everybody Gets PAID!

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