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How To Make More Money In 2022 – The Top Seven Questions To Ask Yourself

Making more money, living a better and happier life are always the top wishes we secretly and sometimes openly have for ourselves at the beginning of every year and 2022 will not be an exception. In addition to money, we wish ourselves and friends and neighbors alike good health, bountiful blessings, God’s grace and happiness but we know if we have more money it means God has answered all our prayers. To strive to make the New Year better than the previous one, we write down New Year resolutions and pray that all our wishes come to pass. Sadly these resolutions are more often than not forgotten a few days into the New Year as life sweeps us along.

Some believe to achieve anything you need to sit down and create plans and set goals and then set out to execute your plans and all would be well. This is not a good idea. Rather than make plans and write down goals ask yourself concrete questions first. So to position yourself to make more money in 2022 you need to be guided by questions and here are the top seven to ask.

1. How much money do I want to make? A simple and almost trite question, but this is the first question you should ask yourself. It’s the roadmap to where you’re going. You must be clear how much you want to make in 2022 before you do any other thing. The more precise the figure the more likely you’ll make it. Do not say I wish to make more money or a lot of money; rather say I want to make $50,000 or $1 million in 2022. When you do that your mind will get to work and move forces to help you achieve your target. The human mind likes precision so if you want to achieve the target you’ve set, be clear what the target is in terms of the exact figure. Also be unrealistic by setting audacious target. This is a mindset thing. If you’re earning $15,000 why gun for $20,000 when you can set sights on $150,000 which is 10X your current income?

2. Is what I’m currently doing putting more money in my pocket? Many people like to do things that make them popular or loved or liked and most times hardly ask whether what they are doing is putting more money in their pocket. As you already know time is one of the scarcest resources and when it’s gone it’s gone forever. So you have to use the limited time you have wisely. Anytime you’re asked or tempted to do anything, always ask yourself; is this thing going to put more money in my pocket? If the answer is no, don’t do it. If you do, you’re cheating yourself because you would have used that time to do something else that would have put more money in your pocket or swollen your bank account. Be selfish with your time and as much as possible don’t stretch yourself too thin by taking up so many projects and assignments that don’t put more money in your pocket.

3. What should I do to double or quadruple or 10X my income? Throughout 2022 think in terms of how you could grow your income exponentially and not incrementally. If you’re earning say $10,000 think of ways you could double it within a month or a three months to $20,000 or even 10X it to $100,000. If you’re doing 9 – 5 job as an employee; think of how you could change jobs to earn double or how you could you ask your current employer to double your pay. If you’re self-employed can you tweak your strategies to double or triple your income? Day in and day out throughout 2022, always have pen and paper and look at the different permutations that could enable you double or quadruple or 10X your earnings.

4. What price am I willing to pay to achieve my target income? As the saying goes, “No Cross, No Crown.” A lot of people like to eat omelet but they don’t like to break an egg. This is self-delusion. As the year unfolds be ready and willing to pay any price and bear any burden and do whatever it takes to make more money in 2022. Do you need to get that outstanding certification? Do you need to move to another state or even another country if your circumstances permit? Do you need to learn cryptocurrency, Forex trading, content marketing, internet business or whatever new skills are required to enable you double what you’re currently earning? If you’re not willing to pay any price to achieve your target then you’re limiting yourself.

5. Where can I get help to make more money in 2022? A lot of people have low self-confidence and find it hard to ask for help. Some people are lone wolves and prefer to suffer and toil all alone. Again this is a mindset thing. All you have to know is that there are people all over the world willing to help you if you could just raise your hand and asked and asked in the right way. Remember, you’re not begging. To beg is to belittle yourself and undervalue your worth. Also remember, you’re not asking for a dole out. All you’re doing is to genuinely ask how to move from here to there? You can even ask Google and YouTube and Facebook and tens of other social media channels. You can join online groups. There are so many ways you can ask for help so if you want to make more money in 2022 make asking for help an important way of doing things in the New Year.

6. How many lives do I want to touch? Dr. Peter Diamandis, the co-founder of Singularity University and the author of two best-selling books, Bold and Abundance, once said, if you want to be a billionaire, impact one billion lives. If you want to make more money in 2022, you must be willing to touch more lives. What can you do? You can become a community mobilizer as ex-president Barack Obama was before he became president. You can launch a blog or podcast and preach about bad leadership in your community. You can set up a school online like Khan Academy. There are so many things you can do to make more money in 2022 just by touching more lives and creating huge impact. All you have to keep at the back of your mind is that making more money is not for your personal ego trip.

7. Why do I want to make more money in 2022? As I said in the paragraph above, you have to keep at the back of your mind that making more money is not for your personal ego trip. If you want to make more money in 2022, you must have a big “Why” that transcends the mundane. You don’t want to make more money because you want to buy a Rolls Royce, build a bigger mansion or buy an Island all for yourself. You need a powerful “Why” because the more powerful your “Why”, the more resilient you’ll be to withstand adversity when the going gets tough. If your “Why” is weak, you’ll give up when you meet your first obstacle or suffer a minor setback. A “Why” such as impacting more lives, making the world a better place, and being of service to humanity are the kinds of “Why” that stands the test of time. Create a powerful “Why” to guide your journey and you’ll make more money in 2022.

There you have them; the seven top questions you should ask yourself to make more money in 2022. It starts with asking how much money I want to make and thinking deep and hard about that target amount. Without a target amount every other thing will be an exercise in futility. It’s followed by asking, is what I’m currently doing putting more money in my pocket? Next is what should I do to double or triple or quadruple or 10X my income? That question is followed by, what price am I willing to pay to achieve my target income? Then you zero in on where can I get help to make more money? The next in order is how many lives do I want to touch? And the ultimate question is why do I want to make more money? If you ask these questions and systematically go in search for answers for them you’ll make more money in 2022 than you made in the previous ten years put together. I guarantee.

Restaurant Success Factors – Questions to Ask Yourself Before Opening a Restaurant

When it comes to starting a restaurant, many entrepreneurs jump in and risk their time and startup capital without giving the idea proper consideration. Like other business models, restaurants have a high failure rate and owners quickly realize that being in the restaurant trade is not as glamorous or enjoyable as they first imagined.

That said though, for the right type of people who have done the right preparation, restaurants offer some excellent business opportunities. Many end up thriving and enjoying the lifestyle that goes with owning a business in this industry.

Before deciding to take the plunge and open a restaurant take some time to consider the following restaurant success factors. These are set out as a series of questions to ask yourself to see if you have what it takes to open and manage a restaurant business.

1) Do you Need Experience and Qualifications?

It is still possible for someone with no formal training or experience to open a restaurant and succeed. However, you will increase your chances of success dramatically if you have had some kind of formal training, experience or both. There are numerous culinary schools throughout the United States offering a variety of courses of various durations.

If you are able to get some experience working in a restaurant then this is also a great way to learn about how things are done and to get ideas for running your own business. Start off doing one role and persuade the owner to let you work a variety of roles so that you can understand the whole operation.

2) Do you have General Business Management Skills?

Having good money management skills will be useful when it comes to handling cash and budgeting for expenses. While not absolutely necessary, restaurant owners that understand all the cash flows coming into and flowing out of their business are more likely to feel in control and turn a profit. Doing a course in small business administration or bookkeeping would be extremely useful if you don’t possess these skills already.

3) Do you have Creative Talent?

While you can rely on the creative talents of others, such as chefs and interior decorators it will be helpful if you are a creative person. You can then have considerable input into creating a unique and workable restaurant concept, menu design and dining room decoration among other things.

4) Can you Face Long Working Hours?

Running a restaurant business will require you to spend a good deal of time away from your family if you have one. When your children are home from school in the afternoons and evenings it is likely that you will be working as most restaurant business models follow these hours (unless you focus on breakfasts and lunches). Weekends are the busiest days of the week for most restaurants so it is likely that you won’t see your family much on Saturday and Sunday as well.

5) Do you have Full Support from your Family?

Clearly you have to have the support of your spouse, at least in the early days until you are able to step back and have managers run your operation in a way that allows you to have some time off. And if you will be working with your spouse then you must make sure that your relationship is strong before going into business together.

6) Do you have enough Startup Capital?

You will need to make sure that you have access to the funds required to get your business up and running as well as to cover operating costs in the early stages. You will also require funds for your personal living costs over the first few months of your businesses life while you are getting established and revenues are still low. Unexpected expenses will undoubtedly arise as well so make sure that you don’t get caught short.

7) Are you a People Person?

As a restaurant owner or manager you will have to relate well and communicate effectively with all kinds of people.

With your staff you will have to show strong leadership skills and communicate clearly to them in order to maximize productivity and maintain good relations with them.

Restaurant owners that have strong personalities and get to know many of their guests often become the face of the brand. Sometimes the owner even ends up being part of the attraction that draws customers to dine at specific restaurants. As a restaurant owner you should be prepared to get out on the dining floor and mingle with your patrons whenever possible. Be sure to do it in a way that doesn’t interrupt their dining experience.

With your suppliers, city officials, inspectors and other parties you will also have to have the ability to communicate with them in a way that allows you to get what you want and to build strong relationships.

8) Are you Hard-Working and Organized?

As a self-employed restaurant owner you must be motivated and disciplined if you are to get everything done and achieve your goals. Being organized is the key to managing your time and the time of your employees effectively.

9) Can you Keep Cool in a Crisis?

In the day to day running of your restaurant you will encounter lots of small and large problems, especially in the early days. To keep things running smoothly you must be able to take control in a crisis situation, calm your employees and offer quick, practical solutions that avoid stressing everyone out. As the owner and manager you then have to work on eliminating problems so that they don’t occur again.

There are many assets, personality traits and other attributes that the ideal restaurant owner should have. To some extent these restaurant success factors can be acquired, learnt or developed before you open your doors for business.

While you should always keep financial rewards in mind when you start up in the restaurant trade it is also important to have other reasons for going into this business. If you have a love for people, food and hospitality then there is nothing that you can’t pick up along the way to turn yourself into the perfect restaurant manager.

Questions to Ask When Goal Setting

Goal setting is a worthwhile business process if done correctly. To develop the best goals, leaders need to work with their teams to agree upon goals that are achievable and challenging. Asking questions during the goal setting process can result in better goals. Consider the following questions during the goal setting process.

At the start of goal setting, ask:

What needs to done right now?
What is the most important thing to do now?
What is the objective or challenge that needs to be reached?
What accomplishment needs to be met ultimately?
What will positively impact business, career, job, task, and so forth?
What results need to be visible at the end of this goal period?
Why are these results important and what are the benefits?
Why does this need to be done and will it get done?
Why is this important right now or in the next few months?
Why invest time and energy into this goal?
Why doe the situation require this particular goal at this time?
Why would this goal relate to purpose, vision, or organizational values?

To establish and plan goals, ask:

Where will the goal and accomplishment of goal take place?
Where does the company, department, or team need to be in the near future?
When should this future be realized and what are the requirements and deadlines?
When will the goal be realized and how will progress be measured?
What actions need to be taken and detailed tasks done to achieve a successful goal?
What is the plan for how often goals should be reviewed against measurement criteria?
Who needs to be involved in this goal process in order to accomplish it successfully?
Who possesses the skills and talent necessary to meet the goal or do we need to train?

If the preceding questions are used in the goal setting process, better results will be achieved. Always consider asking multiple questions to make goal setting and other teamwork processes more worthwhile for the business. When a good goal-setting process is used and agreed upon by leaders and their team members, it will result in goals that are both achievable and challenging.

17 "Must Ask" Questions for Planning Successful Projects

Why do some projects proceed without a hitch, yet others flounder? One reason may be the type and quality of the questions people ask at the very start. Below are 17 insightful queries that can expose the uncertain aspects of your project, and thereby help you avoid expensive surprises later on.

1. How Would You Describe Your Project?

Explain as expressively as possible the ultimate, “big picture” vision and purpose of your completed endeavor. How will it look, feel, taste, sound, perform, increase productivity, help your customers, or otherwise benefit human kind?

2. What Are Your Goals and Objectives?

What are you trying to accomplish? List the project goals and objectives in terms that are clear, concise, achievable, and measurable. Example: “Produce a four-hour video training series on self-defense along with a training resource guide and database, to be accessible by college students on the Internet by May 2006.”

3. Who Will Benefit From Your Project?

Examples of audiences or beneficiaries include: Clients, customers, customers’ customers, local communities, wildlife, students, and specific population segments.

4. Will You Be Creating Any Products?

Examples include: Books, publications, studies, reports, manuals, video, audio, multimedia productions, tools, instructional materials, graphics, software and information systems, Web sites, databases, widgets, and special equipment.

5. Will You Be Providing Any Services?

Examples include: Providing telephone support, business software training, day care, statistical analysis, copy editing, and customer satisfaction surveying.

6. What Methods Will You Use?

For example, will you start by researching your audiences’ needs? Will you use phases for design, development, implementation, pilot testing, and rollout?

7. What Kind of Schedule Do You Anticipate?

Will your project or program involve an incremental implementation process that might occur over many months or years? If so, what long-term phases are you anticipating? Are there critical milestones within these phases? Can you create a detailed schedule for near-term tasks you will be performing?

8. Will You Need Any Partners or Collaborators?

Many types of projects will benefit from teaming up with partners who can offer complementary strengths or a long-term track record in an important area. Do you anticipate joining forces with other organizations, consultants, or agencies to complete the project? If so, what experience, expertise, credibility, funding, or other benefits will each party bring to the table?

9. Will You Need Specific Information or Advice?

Do you plan to seek information and help from subject matter experts or other advisors? Will you need to perform research, and if so, what sources will you tap? Examples include Internet resources, company documentation, service reports, trouble logs, customer feedback, surveys, focus group data, evaluation forms, census data, libraries, and formal studies.

10. Will You Need Special Systems or Equipment?

Some projects require setting up a technology infrastructure to create or deliver the products or services. Examples of items in your infrastructure might include: Servers, networks, computers and peripheral devices, and multimedia, sound, or video systems.

11. Will You Need to Use Special Tools or Templates?

Some projects require using a certain set of software tools or a specific set of templates or techniques. It’s important to specify these at the beginning so that everyone will be clear about what’s required.

12. How Will You Evaluate Project Success?

How will you measure the progress and effectiveness of your project? Will you collect information on how you are carrying out your stated objectives (process evaluations), and how well you are serving the needs of your target audiences (outcome evaluations)?

13. Who Needs to Review and Approve Decisions?

Will there be a clear process for submitting items for review and approval, and a set timeframe for receiving comments back? What protocol will be used? A key consideration is whether there will be a single responsible party with the authority to reconcile differing opinions if a review team can’t reach a consensus.

14. How Might Your Project Evolve over Time?

Why should what happens in the future be so important today? One reason is that implementing downstream opportunities can be hindered or helped by decisions that occur at the start. It’s not unusual for a short-lived, “one-time only” effort to take on a life of its own by adding unexpected phases, variations, and versions – so why not plan ahead?

15. Who Will Be Responsible for What?

This aspect is especially important when multiple parties will contribute to the outcome, and even more so when they are dependent on one another. For example, your detailed schedule for Task X might specify that “Completing Task X depends on Person Y in Company C providing the ABC Results by such-and-such a date.”

16. What Risks Should You Plan to Manage?

Nothing is more difficult that anticipating, flagging, and managing potential risks to a project as a whole, or to the successful completion of your part of it. After all, no one wants to admit potential failure, right? However, risk is a normal part of everyday life, and with proper attention, we can manage it!

17. What Open Issues Remain?

What issues and concerns remain after all topics above have been considered? You and your team may be keeping a running list of unanswered questions and unknowns. What are these items, and how and when do you think they will be resolved? Do they present risks until they are answered?

By thinking through the questions above, you can achieve your project goals with much less guesswork and far fewer problems than you may have experienced in the past.

19 Questions to Supercharge Your Business Plan

Whether you are seeking capital for your company or are optimizing your business strategy, the most important element – particularly for outside investors -may be your written business plan. You can tune-up and supercharge your plan using this 19-step checklist. When your written plan firmly answers yes to each of these 19 questions, your market/product strategy is in terrific shape plus you increase the odds of attracting investment capital.

If you don’t already have a written business plan – write one! Your business plan is a blueprint for your whole company. It describes in detail your goals, the financial and technical viability of your goals, and the strategy you will use (or are using) to reach those goals. And your business plan is a working tool – it is a yardstick to measure your progress and a compass to keep you on course.

Must a business plan be written?

Yes! A plan which is not written usually has not been thought through fully. And despite what you may have read, it is doubtful that any business ever attracted capital on the back of a napkin.

Use this checklist as a way to identify where your strategy, as spelled out in your business plan, needs work. Each of the questions below highlights an area considered critical to technology investors.

1. Can the key ideas behind your product or service be stated in one or two sentences? (y/n)

2. Does your company have at least one unique and compelling competitive advantage, which cannot quickly or easily be duplicated? (y/n) Examples are a special feature, a cost advantage, a technical refinement, a new delivery system or a special supplier.

3. Is your competitive advantage proprietary? (y/n) That is, can it be copyrighted, patented, trademarked or otherwise protected? Can you keep it exclusive to you?

4. Is your industry segment growing by 25% or more? (y/n) If not, can your new product dominate its segment? If the answer is no, you probably won’t be able to generate the kind of financial returns investors look for.

5. Does your product or service create a new market? (y/n) Although generally positive, this could be a trap – in a brand new market, the potential can be slow to develop. Lotus Notes created a new category but took years to create value for investors.

6. Is your market in “early momentum” – the market growth phase where market revenues have recently taken off? (y/n) Venture investors prefer markets in this stage because the time-to-create-value is shorter and the growth potential still large.

7. Is your target market segment 1) tightly defined over a population sharing common characteristics, 2) large enough to support significant profits, 3) served by communications channels to reach that market – i.e., trade or special interest publications, response mailing lists? (y/n)

8. Is your company filling a gap in the market, or do you have a “gee-whiz” product which you think is so terrific that customers will surely want to buy it? (y/n)

9. The benefit of your product or service to users is 1) significant, 2) quantifiable and 3) cost-justified? (y/n). If you provide a benefit which is important, and you can prove it – there is a much higher probability of generating sales.

10. Is there a demonstrated market for your product? (y/n) If you have an existing product, is your customer base expanding? Investors would rather fund sales and production than product development.

11. Is there wide appeal for your product or service? (y/n) Are there enough potential customers in the target market that you can earn significant profits, for a long time? Are there follow-on products to sustain revenue and profit growth?

12. Does your company have the ability to sell your product? (y/n) Particularly in companies where the founders have technical backgrounds, a question to ask is “Who is going to sell your product or service?” What about outside distributors?

13. Is there an experienced management team? (y/n) Investors would rather fund a solid team instead of one lone genius with a great idea. The team should be highly qualified in marketing, sales, finance, and the product/service area itself. Of course, a demonstrable track record helps.

14. Can you demonstrate a likely return of 5-15 times investors’ capital, over a period ranging from three to seven years? (y/n) The actual parameters used by venture investors will vary based on which stage you are in (idea, startup, development, expansion, turnaround).

15. Is there a clear exit strategy for investors? (y/n) The most common strategies for returning investors’ capital are 1) going public; 2) acquisition of your company; 3) new investors; 4) founder’s buyback or management buyout.

16. Have other investors already put money into the company, particularly the senior management team? (y/n) This reduces the apparent risk, reduces overall exposure, and shows that management “has its money where its mouth is.”

17. Have you clearly defined a structure for the investment you seeking? (y/n) The structure should include: who is involved, how much capital is needed, what minimum investment you will accept, how much equity that will buy – and, of course, the projected return on investment.

18. Are your financial projections realistic? (y/n) Have you soundly justified your projected growth rates and other financial assumptions?

19. Have you clearly examined the risks? (y/n) Investors like to know that you have considered the risks. This is key – can you turn your risks into opportunities?

Too many no’s? Remember, each “no” opens up an area for you to strengthen your business. Even if you aren’t seeking capital, each question highlights a critical success factor – which, when mastered, will increase your profits, your performance, and your future success.

In order to help you discover hidden value and opportunities in your existing business, and to make it easier to spot potential problems while you are just starting out, I’ve created the Business Building Guide. A remarkable aid to accelerating the growth and profitability of your business, this program of insight-provoking questions and checklists enables you to rapidly diagnose, troubleshoot and optimize every part of your business, from marketing to sales, customer service to product development and finance to production.

YouTube Marketing – Frequently Asked Questions

A lot of people are aware of how powerful YouTube Marketing can be. But few actually take the time to work on it, and fewer even try to really do market on YouTube the right way. This is because there is confusion about how to properly implement YouTube marketing. In this article, I will answer some of the most frequently asked questions about YouTube marketing.

How do I get my videos found?

This is done by first doing keyword research. This is very important for a few reasons.

1) It helps your video get found by the search engines and YouTube by using good related keywords in your tags, titles, and used or “sprinkled” throughout your description.

2) There are many ways to say something, and there are just as many ways to search for something. Keyword research will show you how your audience is searching for your content.

3) Keyword research also shows you more ideas for new content later. Search engines like Google also want to show you related content. Their keyword tools want you to see there are many other things related to your keywords that are in your niche that are entirely new topics. Take some notes while you do keyword research. You will be glad that you did.

How long should my video be?

We live in an age where attention is the new currency. If you can keep peoples attention, you will be rewarded for it. That being said, YouTube is not a place to put very long videos. Keep your videos “bite size” 60 – 90 seconds for the most part. If you are teaching something it’s okay to make it 3 – 5 minutes. Any longer than that and you endanger losing attention.

How do I keep their attention?

You need to give viewers a reason to stick around and watch the whole video. You need to be compelling. This is easier than you may think. The first 8 – 12 seconds of the video are very important. This is where the person watching the video will decide weather or not to watch till the end, or to simply click away. There is no magic spell you cast on people. All you need to do is tell them what benefit they will get out of watching this video. Say, in this video you will learn, see, find, etc. and then tell them the benefit they will get by watching the video.

Now What?

By using good keywords, keeping your videos short, and keeping your audiences attention, you will also be able to insert a call to action at the end of the video to get people to come to your site, comment, subscribe, sign up for your list, or all of the above. The big benefit of doing your research right is that you know people are watching your video, are targeted and interested in your content before you even click play.