Thursday, November 19, 2009

A to Z of Success - P is for Practical

P – Practical. The fluff and stuff is always fun, but is it within your budget to hit your goals. Sometimes practicality is not the most fun you could have, but necessary to stay focused and on track – on the Fast Track! Have the fun revolve around the goals accomplished instead of the urges to go and play. I’m not suggesting to get completely out of balance, however, balance maybe something you can’t have until you’ve reached goal number 1 or 2 on your list.

I’ve learned from a few of my bosses and mentors over the years to look at practicality as a necessity in daily life. A good rule of thumb is to look at companies who have been very successful with their IPO (initial public offerings). These companies have been very practical and investors have seen this as a viable opportunity to put their dollars behind. Typically its a good solid investment because the company is operating very lean; not a lot of excess waste or frivolous spending. I wouldn’t want my hard earned dollars being invested into a company who would go and “expense” it on shopping sprees.

Are you a good investment? If someone took a look at how you are progressing in your life, would you have a solid IPO?

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