Logical Thinking for Business Owners LLC

We here at Logical Thinking for Business Owners, in order for you to be successful in business, you must have these characteristics as an entrepreneur. #logicalthinking

The importance of Financial Stability. The financial system plays a critical role in the economy. It enables the financial intermediation process which facilitates the flow of funds between savers and borrowers, thus ensuring that financial resources are allocated efficiently towards promoting economic growth and development. Financial stability is important as it reflects a sound financial system, which in turn is important as it reinforces trust in the system and prevents ...phenomena such as a run-on bank, which can destabilize an economy. Financial instability occurs when problems (or concerns about potential problems) within institutions, markets, payments systems, or the financial system in general significantly impair the supply of credit intermediation services - to substantially impact the expected path of real economic activity. Whether or not we agree, but the common tendency is to avoid people that are always asking for money or stuff or narrating their problems due to lack of money. We avoid such people. Regardless of how qualified or good natured they are, the tendency is to shun such people. Now assume you are the person asking for money or things and complaining about hardships. Would you get any respect from people including close relatives? Not. The modern society respects only people that are financially stable. Even a shady character loaded with money gets respect. Hence, financial stability buys respect. As a financial institution, we always what innovative solutions to help our community. We welcome your business professional opinions. #logicalthinking See more

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Our business is eventually going to serve your customers or prospective customers. Henceforth, it is important that you understand them, or create a persona that you would target as a startup business. While doing so, you need to define the Demographics and Psychographics of your target customers. Demographics are all the things about a person that you can measure like age, sex, job, income, location, religion, culture and more. However, people are not all data, they are humans. This is where psychographics examples like lifestyle, desires, values, habits or even secrets come in. Once you have it sorted, it is time to combine the industries you shortlisted, the business goals you set, and the demographics and psychographics of your customers.

If you have people you love and who depend on you, or you have financial obligations to meet, you need protection against the what ifsat every stage in life. Here are just a few reasons you may need protection, or more of it, throughout your life. Single with no children: You may think you do not need some type of protection, since you have no dependents, but if you owe money, you need it. It ensures that your debts, including student loans and funeral expenses, will not b...e passed on to your family. Additionally, if you are taking care of aging parents or a special-needs sibling, or know you will in the future, some type of protection is a way to make sure that care can continue uninterrupted. Married or partnered: As you begin your lives together, you will likely incur joint financial obligations like buying a home, in addition to monthly bills. It makes sense to protect your spouse or partner with adequate protection. It is also a smart move to get coverage in place now if you plan on having a family in the future. Parents with children: If you are in the midst of this stage, financial obligations abound. Many couples rely on two incomes to make ends meet and single parents may be their children’s one-and-only. Some type of protection is critical at this point. When figuring out how much you need, remember that the economic impact you have on your family can be measured not just by how much you earn now, but by how much you’ll earn over the course of your working life. Empty nesters/retirees: Your kids are on their own and your mortgage is paid off, so you may think you do not need some type of protection. However, if you are still building your retirement nest egg, some type of protection ensures that if something happens to you that your spouse or partner can still live comfortably in retirement, despite any shortfalls. https://thinkingowners.com/about See more

As we head toward retirement or even in retirement and concerned about outliving your savings? Perhaps an income annuity will fit your needs. An annuity is a financial instrument that can offer a guaranteed lifetime income that you cannot outlive. We have spent many years helping my clients with annuities as part of their broader financial plan. So, here is a very high-level understanding of some options. Fixed income annuities are offered with several payment options, allowi...ng you to structure payouts according to your financial goals and objectives. Consider these four income streams: Joint life: This option provides income for two people if either person is alive. When one person dies, payments continue to the survivor. Period certain only: This allows you to target how long you need an income stream. If you were to pass away before the end of the certain period, the remaining payments would continue to the person you designate as your beneficiary, meaning the person you want to receive the money. Life with a period certain: In this scenario, the annuity pays out income for your lifetime. If you were to die prior to the end of the certain period elected, your beneficiary receives the remaining payments. Life only: This is the least-commonly selected payout. When you die, payments ceaseno matter what. This can be risky, but the upside is this option provides the highest payouts. My mother-in-law, now deceased, used a joint life immediate annuity to generate a lifetime income, using the proceeds from the sale of her home. Now my wife, as her beneficiary, is receiving an income stream for the balance of her life from this same annuity policy. A guaranteed lifetime income, one you cannot outlive, provides peace of mind. Should this be part of your financial plan? See more

Women are great leaders because we are able to balance professional and personal leadership skills. It’s easier to approach a women leader with a personal request, or a sensitive question. I care about my team and their well-being, which includes their performance at work and their work-life balance. I also find women more proactive in becoming mentors, and sometimes it’s already such an open and communicative relationship that the transition to mentor is easy.

Identify the things you can do to make other people’s lives better. Having self-awareness is great. However, doing something that will benefit others more than yourself is amazing. In fact, research has shown that people who have a sense of purpose and are grateful for the life they are living often contribute more to the world beyond themselves than those who do not have this sense of gratitude. This might be because, if someone can see how others benefit their life, that pe...rson will be more motivated to give back to humanity. Think back to the activities you did that made you forget about the passage of time. You have probably heard people say, Time flies when you are having fun! Moments like this are what psychologists call the flow, and what spirituals call connecting with the divine. Whatever is the case for you, these activities are where your passions are. You are fulfilling your purpose when you are doing something that energizes you rather than something that drains your energy and leaves you feeling exhausted. When you are living your purpose, you are not left wondering, Is it 5:00 yet? See more

You Absolutely Must Know About Annuities. Income annuities (SPIA’s) usually provide the highest contractually guaranteed payout of any type of annuity if you need income now. SPIA's also have no fees. Let us help you. Request our free annuity report and we will send you what we feel are the best annuities available on the market today.