Rhondalynn Korolak, Author of "Financial Foreplay®" and "On The Shoulders of Giants

Bottled water is one of the most profitable drink products in the world, selling for 3000 to 9000 times what most of us pay for the perfectly safe, inexpensive liquid that comes out of our tap at home.

To put this in context, paying $2.40-3.90 for a 750ml bottle of water is equivalent to:

• $10,000 for a tuna sandwich at your local cafe or
• A bill from your water company this month for $3000/tonne of water (as opposed to the going rate of $1.2/tonne)

According to the Australasian Bottled Water Institute, Australians consume over 250 million litres a year at a price of $385 million.  We have been systematically brainwashed by the beverage industry to believe that our tap water is somehow unsafe or insufficient – look around and you will see that there are now hundreds of brands competing for your attention with clever marketing campaigns designed to scare, seduce and mislead us to part with our hard earned money.

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Rhondalynn Korolak, Author of "Financial Foreplay®" and "On The Shoulders of Giants

If you’re a small-mid size business owner and struggling to make your operation both profitable and cash flow positive, don’t beat yourself up too much!  Even some of the largest corporations in this country are getting it wrong and stuffing up every day.  Take the CBA for example – one of the largest banks in Australia recently announced a $6 billion profit for 2009-10.  To put this in context, this equates to around a 17 per cent return on investors’ funds, which is impressive indeed in these tough economic times.

Too bad the CBA is technically bankrupt – meaning they don’t have enough liquid assets to cover the debt as it is coming due.

But how can this be, you might ask?  The answer is simpler than you might think and it applies to ALL companies (big and small) – Profit is pointless and cash flow is KING!  More businesses in Australia go under every year due to lack of cash flow than any other single reason.  No business, even financial institutions which are afforded many governmental protections and safeguards, are exempt from this basic law of the economic jungle.

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Rhondalynn Korolak, Author of "Financial Foreplay®" and "On The Shoulders of Giants

If you’re a small-mid size business owner and struggling to make your operation both profitable and cash flow positive, don’t beat yourself up too much!  Even some of the largest corporations in this country are getting it wrong and stuffing up every day.  Take the CBA for example – one of the largest banks in Australia recently announced a $6 billion profit for 2009-10.  To put this in context, this equates to around a 17 per cent return on investors’ funds, which is impressive indeed in these tough economic times.

Too bad the CBA is technically bankrupt – meaning they don’t have enough liquid assets to cover the debt as it is coming due.

But how can this be, you might ask?  The answer is simpler than you might think and it applies to ALL companies (big and small) – Profit is pointless and cash flow is KING!  More businesses in Australia go under every year due to lack of cash flow than any other single reason.  No business, even financial institutions which are afforded many governmental protections and safeguards, are exempt from this basic law of the economic jungle.

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Rhondalynn Korolak, Author of "Financial Foreplay®" and "On The Shoulders of Giants

I have been fortunate to discover that there is a reason for all things – even those that are senseless and incomprehensible – and that we have to somehow learn to trust that there is a bigger picture that perhaps we, as mere human beings, can never truly understand.

The most beautiful expression of this idea I’ve ever read was in a children’s book ‘Little Soul in the Sun’ by Neil Donald Walsh. In the story, Walsh talks of a Little Soul who wants to be incarnated as a human being to learn ‘forgiveness’. A Friendly Soul agrees to oblige him by incarnating as a person to do something to the Little Soul that will help him learn the lesson of forgiveness. But the Friendly Soul issues a plea of caution and says, ‘at the very moment that I strike you down, please promise me that you will remember who I really am, a Friendly and loving Soul, otherwise we will be doomed to repeat the process over and over again until we get the learnings or until another Little Soul comes down to help us find the way out.’

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Rhondalynn Korolak, Author of "Financial Foreplay®" and "On The Shoulders of Giants

What if I told you that YOU are you’re own worst enemy?  Would you be offended or would you smile and agree, because you know it’s true.  It’s true for ALL of us.

You can tell a lot about a business person by the way they spend their time. We all spend our time in various ways. Many business owners and senior executives tell me that there is not enough time in the day to get everything done. Personally, I have a belief that there is always enough time in the day to do all of the things that are WORTH doing.   The key is to identify what is worth your while.

Sometimes activity can be a kind of anesthesia for the pain of not achieving the results you want and deserve. Action is always better than procrastination. However, more activity is not always better than less.

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