Financial Statement Analysis For Successful Investment

One of the key components of long-term investing is finding strong companies that will have a consistent dependable growth pattern. Proper value investments can be achieved through financial statement analysis of stock(s) you are interested in investing in.

Income statement

The income statement or profit and loss statement provides details of a companies revenue and expenses. This information is important for current and future valuations.

Revenue

It is important to not only see the way a company is trending (Revenue up or down) but to know why. There are a couple common causes for increased revenues.

Price

Increases in price with proper marketing will increase revenue. Apple is famous for charging a premium price for products and selling them at large volumes. They are successful because they have exceptional marketing and create new desires for consumers. The Macbook, for example, provides minimal added functionality to comparably priced laptops but the combination of hardware and software creates an extremely desirable product. It is important to be able to evaluate qualitative factors that will be demanded by the marketplace.

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Pokémon Go A Glimpse Into The Future Of Technology

We are seeing a glimpse into the future of technology. Pokémon Go topping over 20 million downloads is viral. The game has years of fan base development but hasn’t seen positive reception like this for over a decade. I don’t believe it is the game that is so revolutionary but the technology.

Augmented reality is the backbone of the Pokémon’s success. The technology superimposes the games world into real life. So to achieve success in the game you must walk around in the physical world. The reception is astronomical and it’s not just kids playing it. The vast majority of the video game population is young boys under the age of 20. However, the average Pokémon go player is 31 years of age and 48% of the players are women, according to Forbes.

The thrill of exploration

The technology brings back the thrill of exploration, encouraging players to explore their neighborhood and city. The game brings “rewards” for exploration by finding items and different Pokémon’s. The game allows you to buy something called “lures”. Placing lures in specific locations attract Pokémon, making these sites more attractive to players. Business’ have already started to take advantage of this by purchasing lures for their locations. In hopes that some of the players will bring in sales for the Business. Dairy queen is one of the early adopters of this advertising method.

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The Power Of The Subconscious Mind

Today I am going to talk about the power of auto-suggestion and the subconscious mind. To be honest, this is something that I recently began to believe in and have quickly come to realize the power of it.
Napoleon Hill defines auto-suggestion as the “agency of communication between the conscious mind and the seat of action for the subconscious mind”. Let’s break this down a little bit. Basically, your subconscious mind is your most powerful and valuable asset. Your subconscious mind drives all your actions and results in life without you even realizing it.

The Subconscious mind

The subconscious mind, however, can only be accessed through the conscious mind. If we do not control our thoughts and emotions we can poison our subconscious mind and harm ourselves without realizing it. The subconscious mind is much like your body. This is because if you feed it with junk foods and don’t exercise you will end up lethargic, overweight and with little energy. If you feed it properly with a nutritious diet, exercise regularly and get a good sleep every night you will have much higher energy levels, feel better and accomplish more.
The subconscious mind is similar in many ways. If you constantly have negative thoughts or emotions circulating through your head like “Oh I can’t do that”, “there’s no way I could lose ten pounds that quickly” or “I could never be as great a player as her”, no matter the negativity, you are hurting yourself more than you realize.
Your mind begins to tell yourself that you will never achieve these things and you are not worthy of them.
A quote from Brian Tracy explains the significance of what begins to happen to your mind very well.”Your subconscious mind is an unquestioning servant that works day and night to make your behavior fit a pattern consistent with your emotionalized thoughts, hopes, and desires. Your subconscious mind grows either flowers or weeds in the garden of your life, whichever you plant by the mental equivalents you create”.
So if you are feeding your subconscious mind with crap your results will be crap. You NEED to be positive, optimistic and have an abundance attitude. How do you plant a beautiful garden in your mind as opposed to a desert with weeds?
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Sales Lessons For A Successful Life (Part 2)

My last article on sales was a hit. I know I have already learned many other valuable lessons.  Today I am delighted to be able to share some more insights into the world of sales. You can use these concepts to further your personal and professional development.

NO TWO DAYS ARE THE SAME

In sales, no two days are the same. Some days will feel perfect as if nothing can go wrong. You could be closing deals left, right, and center. You could be having no trouble finding great new prospects. The next day could be an absolute disaster where you wonder why you chose to do this as a job or career in the first place. Some days you deal with very easy people, other days you deal with people who are straight up rude, ignorant and hard to deal with. Every situation and every person are different. Although some objections and personal or company situations are similar, every situation is different!

Although this might sound nerve-wracking and terrible to some, I love it. Who wants to do the same thing every day and be stuck in the same old boring routine? I love to stay stimulated and engaged by always being ready for new people and different situations. It keeps me feeling fresh, enthusiastic and engaged. I never hate waking up for work in the morning because I know every day is bound to be different than the last and I will be facing new challenges and situations.

HOW THIS APPLIES TO EVERYDAY LIFE

Are you stuck in an old boring routine? Are days passing you by quickly with nothing to look forward to? Are weeks blending into the same thing and time is passing you by with no significant things to remember? I am sorry if this is you because that sounds horrible. Some of you may need a reality check. If this is your current situation why are you doing this to yourself? You control your future and your destiny. You aren’t “stuck” you weren’t “played these cards”. Stop feeling sorry for yourself and making excuses. Get off your ass and change your life for the better. I promise you, you will not regret it!

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What Challenges You The Most Will Pay The Most Dividends

Many of us are victims of wishful thinking, we foresee a time of reduced struggle and wish to be there. We complain and plead victim to unfortunate circumstance, but wish for success. This thought process although easy can be to our detriment. It is important to embrace one’s current situation and work towards gradually improving. Embrace the struggle and you will prosper.

There is a reason why there are hundred million dollar lottery contests and huge casinos they all tempt us with success and fortune today. Very often the truth is the opposite, people lose more than they win and tie their main sources of success to luck. Instead of believing in your hard work and decision-making process.

Embrace the struggle

The key is to embrace it all, put your full effort into everything you are involved in and create a standard of excellence for yourself. Too many times in life we shy away from challenges that we know will be a great opportunity but fail to execute on them. Often because this challenge is outside of our comfort zone. We look around to our peers and say to ourselves that we are doing okay and don’t need to challenge ourselves. Our satisfaction with being at par will be our biggest downfall.

Often these challenges can be coupled with emotional undertones of fear, anxiety, and a feeling of low self-worth. It is important to acknowledge these emotions and ensure your drive and ambition continually surpass these negative  emotions. The reality is everyone is fearful of the next step at some point their career. You just have to be the person who will persist through it all.

Focus on what you can control

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Sales Lessons For A Successful Life

I have always heard many of the most successful entrepreneurs and businesspeople speak about how sales are the most important skill you can develop if you want to be successful. In my brief stint in a sales position, I have already learned  many valuable sales lessons that carry over to other areas of life.

Many people have negative stereotypical images of greasy car salesman or other negative connotations with the position . Many people try to avoid this role at all costs instead of embracing it for what it really is.

No matter what you do in life selling will always be key. You will always be involved in some sort of situations that involve persuasion, negotiation, convincing others and ultimately selling. Whether it is convincing co-workers of an idea, getting a promotion, convincing someone to go on a date with you. No matter the situation these skills are involved and carry over into all aspects of your life!

These are some valuable things I have learned in sales so far that have greatly helped in my personal development and have helped to groom me for future entrepreneurial ventures. I want to share these with you so you can see how these valuable lessons carry over to other areas of life

Failure/Rejection and the fear of these things

If you are scared to fail, you will miss out on many great opportunities to prospect new clients, build rapport and eventually close deals. If you are too scared to approach people in the first place, you never know what kind of things you could potentially be missing out on. For example, there was an account I wanted to follow up on that my associate had previously worked on.

failure

He said that the decision maker liked the service but he had trouble closing the deal. I didn’t want to ruin my chance of potentially closing this account so I avoided it for awhile. After studying and preparing myself for awhile I eventually showed up and after first being rejected, I ended up making the sale. I could have avoided that all summer and never have made that transaction

How it applies everywhere

If you are scared to take the plunge and break outside of your comfort zone or fully commit to something, you will never be great at anything. I know that sounds harsh but the people who create the greatest success never achieve that by playing it safe. They take calculated risks and they trust their gut instincts and believe in themselves. If you want to achieve something, you need to approach the situations thinking of a successful end result. If you only think about the failure then failure is what you are bound to achieve.

If you don’t fear the failure, you will live a much more fulfilling life. Creating many more great memories, experiences, friendships and enhance all areas of your life in general. If you believe in yourself from the beginning, you will eventually achieve your goals. If you fear failure from the start, you will never get off the ground.

A very powerful question to ask yourself is “what would I be doing with my life if I knew I couldn’t fail?” This is probably a good start and passion is key. Don’t fear failure or rejection and always be ready to jump on opportunities.

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How To Lose Weight Today

I’ll start by providing a little background on my life and how I gained some insight on true weight loss and the hundreds of fallacies out there. I grew up playing hockey at the age of three with the co-author of this blog. I played for around twelve years at a relatively high level and was constantly active. You’re probably thinking oh great the athlete is going to teach me how to lose weight, but there’s more to the story here.

My hockey days came to an end at the age of 15. I was a little over five feet and as a goalie I had practically no chance at playing at a high level anymore. Almost a year later I picked up boxing and fell in love with the sport.

I decided to compete in the amateur ranks and soon realized that weight maintenance would be a large part of doing well in the sport. I weighed 142 lbs at the time when I first decided to compete, my coach told me that my first competition would be at 132 pounds, ten below my weight at the time! I had to lose that weight in a week’s time in order to be allowed to compete. I found myself on the stationary bike for a week’s worth of training and starved myself and managed to make the weight.

I basically cut the weight by reducing water weight. I didn’t actually lose weight. I was back at my normal weight by the monday after my competition. The process I underwent is a microcosm of many people’s diet paths. Like many things, a long-term diet plan with strong principals will always be the best way to achieve your ideal weight.

I don’t believe in advocating for a specific diet but the principles I define below should be adapted into all diets.

SUGARS

Sugars have been hidden in our foods for decades now. Sugars are contributing to significant fat gain, lower life expectancy and increased cancer rates. This isn’t new information but we still continue to consume far too much sugar in our food.

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