Robert Frimet - Time Management for Success

It's no small order to successfully found and run a business the way that founder and president of RMF Consulting Group, LLC Robert Frimet does. Though there are many reasons why businesses do not succeed the way Frimet's business has, one of the common reasons is a lack of time management. Poorly managed time leads to uncompleted tasks, wasted time and neglected duties. If business owners and entrepreneur hopefuls manage their time carefully, they will complete necessary tasks, have more downtime and increase their chance of succeeding.

Poor time management is a fallacy that many people unwittingly inflict upon their daily lives. Instead of making a task list and prioritizing, they end each day with uncompleted goals. This is not to say that these people do not wish to complete their tasks, or even that they are not passionate about their endeavors. Instead, it simply implies that they are trying to do too much at once and failing to make the time to get it all done.

With time management, you will make a continually-updated list of things that need to be done, organized by priority. The most urgent of tasks should go at the top of the list and thus get completed first. This method is sometimes called “eating the frog first.” The name implies that you get the most difficult, unappealing or pressing task out of the way first so that you have the rest of your day to complete the smaller tasks. The better you are at managing your time, the more proficient you will be at leading your professional tasks and also at handling your personal life.

Implementing time management in your business plan shows that you respect your time and that of the people in your life. When Robert Frimet organizes his time, he is showing respect for his time, his client's time and the time of his fellow businesspersons. Through proper time management, he prevents missed appointments, incomplete tasks and unhappy clients. Implementing time management in your business plan will help you emulate the success of businesspersons like Frimet in all of your actions.

Robert Frimet - How to Budget

Budgeting is a necessary step to obtaining financial stability and to being able to own a business. Take Robert Frimet, for example. Frimet is a Certified Anti-Money Laundering Specialist, also known as a CAMS, and he has been helping clients avoid fraud for over 10 years. Over 10 years ago, with his finances in order, he founded RMF Consulting Group, LLC and he is now the president of the business. If Frimet hadn't prevented overspending, with a budget for example, he wouldn't have become such a successful businessman.

Budgeting is intimidating if you've never done it, but if you know what you're doing it's easy to get started. These steps will get you on your way to successful budgeting:

• Record Your Monthly Net Income – If you don't know how much money you have, you won't be able to budget. Identify how much money you have coming in and what you have to spend after social security, taxes and other deductions. This is known as your net income.
• Set Financial Goals – Pick a notebook or spreadsheet to use for your budget and then record your financial goals. Paying off credit card debt, creating emergency savings or paying off your mortgage are examples of financial goals to consider. With your goals in mind, you'll be ready to plan your budget.
• Categorize Your Money – Divide your budget into two categories: variable expenses and fixed expenses. Variable expenses, such as gas money, charity donations and entertainment spending, can change from month to month and they can be cut down if necessary. Fixed expenses on the other hand, such as your mortgage, car payment or phone bill, are the same every month and they cannot be eliminated. Alternately, you can divide your budget into three categories: need, want and savings.
• Create Allowances and Follow the Plan – With your income and your outgoing expenses recorded, you're ready to decide how much money goes where each month. Once you have allotted allowances to your categories, follow your budget at all times in order to prevent over spending.

If you're budgeting in hopes of opening a business, put money away toward your business expenses each month. Paying off debt and eliminating unnecessary spending will give you more money to put into this savings account. After following your budget for several months, you'll be in place to follow in Robert Frimet's footsteps and become an entrepreneur.