Relaunch and refocus

Time for a relaunch. Crusher Finance was an idea that I had about 12 years ago, and kind of fizzled as I was focused on several other projects at once. Now, I am relaunching with a more focused effort on helping the average person begin to build their wealth. Many of the ideas that I will talk about are gleaned from the most successful finance gurus out there. Much of the information I will be presenting is geared towards someone just starting out, not someone with a lot of cash to be invested, but want to begin building a nest egg. My goal is to make a new post at least once a week and possibly more often.

Where to Start

Now that it is clearly going to be a long and protracted recovery, many people are confused and nervous about where to put their investment dollars. My suggestion is to not rush into any investment. Unless you are an experienced day trader and investor, you should take your time and research where you put your dollars. Your first priority should be to invest in stable, conservative investments to build a base. Some of these are the more familiar stock sectors like energy and agriculture. Some other ideas would be gold and other precious metals. Once you have a solid base, then you should look into diversifying. I’ll start to offer ideas on where to diversify tomorrow.

The New Crusher Finance

Welcome to the new Crusher Finance Blog. Starting today, there are going to be a lot of changes here and I hope you find them helpful, entertaining and informative. To start, a little disclaimer, I am not a professional in finance, investments, or anything to do with money. Everything you see here is purely my opinion gained through personal research and knowledge gained as an observer of certain markets. I have very little invested and most companies or stocks reviewed here I have no stake in what so ever. I endeavor to be completely transparent in all postings and will fully disclose any connection to any entities mentioned here.

Basically, I want you to be able to trust that what appears here is purely for information purposes and is an honest assessment of the known facts. No guarantee is made as to the accuracy or value of anything posted, though every effort will be made to provide as much accuracy as possible. That said, I hope what gets posted here will help in your future investments.

Business success through Goals

To focus your business efforts and be able to monitor your progress, you should take time to regularly set and review goals.

There are three types of goals that need to be set in a business: long term goals, intermediate goals and immediate goals. When setting your goals, you should plan a time to review your goals and progress. All goals should be interrelated to the main goal of making your business as profitable as possible.

When setting goals, you should start by setting your long term goals and working from there. Long term goals can be somewhat more general than other types of goals and can be adjusted over time. Your long term goals are your destination and that can change over time and depending on the circumstances. Your destination in business can change based on market conditions as well. There can be many different ways to get to your long term goal and all of these are filled with intermediate and short term goals.

Your intermediate goals are ones that are smaller steps to the long term goal and are more measureable and are the goals that you can use to keep your enthusiasm and motivation up when you may be feeling discouraged. These goals are more detailed and should be set with a specific, measurable element so that you can check your progress.

Immediate goals are short term and may arise out of an urgent need to meet an obligation, and emergency, or a client request. Many of these goals are not set until the day they are needed to be met.

A possible example of the different types of goals is as follows – Long term: where you want to be in 5 – 7 years, intermediate: goals to be met in 1 to 6 months, Immediate: goals to be met in 1 to 5 days.

Planning sessions should be made to check progress on these goals on a regular basis and to make any necessary adjustments. You should take time to plan on a weekly basis, review your performance and make adjustments to your work plan so you can better meet your goals. It is good to set these planning periods for either the first thing at the beginning of the week or the last thing at the end of the week. You should make these planning times sacred so that they do not get changed or interrupted. That way they become habit and you do not get distracted into doing something else.

Setting goals, tracking progress and making necessary adjustments is a strong way to increase your chances of success. As the saying goes, “Fail to plan and you plan to fail!”