There is a saying that Good Health is better than wealth – let’s explore this!

There are many famous health quotes and wealth quotes, but most people do not understand the connection between good health and the ability to be successful or wealthy. To understand the relationship better, one should change their mindset on wealth, as it not only about having money and material things!


Here are some of my topones which you may be able to relate to:


  • “The wise man should consider that health is the greatest of human blessings. Let food be your medicine.” ~ Hippocrates


  • “Health is like money; we never have a true idea of its value until we lose it.” ~ Josh Billings


  • “When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, all is lost.” ~ Billy Graham


  • “Health is the greatest of human blessings.” ~ Hippocrates


  • “Early to bed and early to rise makes a man healthy, wealthy and wise.” ~ Benjamin Franklin


  • “Take care of your body. It’s the only place you have to live.” ~ Jim Rohn


  • “It is health that is real wealth and not pieces of gold and silver.” ~ Mahatma Gandhi


Good health is essential to create wealth.

Most people think of only physical wealth when they think of good health, but emotional and mental healthis even more critical components of overall good health.


Prosperity, or the state of being prosperous, is often defined as not only having wealth but being in physical, emotional and mental health. It also expands to cover such dimensions as environmental health.One way to explain it is that health positions you for success and the ability to make wealth. On the other hand, poor health is a hindrance to progress and amassing wealth.



Physical wealth and success

Physical health may be affected by such things as poor diet, lack of physical exercise, poor hygiene, bacterial or viral infections or even genetic inheritances.

So how does good physical health help one to be successful?

  • Success requires hard work. Physical wealth helps one to handle pressure and to work hard.


  • Physical and mental health helps one to focus on the activities at hand. Focus is essential for success.



  • Money spent on treatment and other health-related bills or expenses can be saved – This helps channel such money towards investments and other ventures that lead to success.


  • A healthy person is a motivated person. Good health plays a big role in having a positive outlook and the drive to succeed.


Emotional health and its role in achieving success and gaining wealth

Emotional healthis a part of overall mental health, but most people do not give it much thought. Stress, anger and fatigue are just some of the things that can affect one’s emotional wellbeing if one does take steps to manage their emotions.  How does lack of emotional health affect one’s journey, desire or drive towards success and wealth?

  • An emotionally disturbed person spends a lot of time and energy on their emotional defects. The time and energy thus spent could be better utilised towards success and gaining wealth.


  • Emotionally unwell persons are demotivated and do not have a driving desire or hunger for success.
  • Lack of emotional health leads to unhappiness and stress.


  • Emotionally unstable people handle stress less well compared to their emotionally stable counterparts.


Good Health

Mental health and its impact on success and wealth

  • Mental health enables one to make reasonable decisions.


  • Good mental health helps one have a clear mind, and thus pay attention to every part of the plan and vision on the journey to success.



  • Mental health helps one stay focused in spite of distractions and derailments.


  • Mental health helps one to be more analytical, more attentive to details and more open to learning new things. All these are essential ingredients for wealth and success.


Health and wealth are the two main components of wellbeing in life. Prosperity is the state of being successful in both financial or material wealth and also in good health. It may also be seen as the state of having plenty and being economically stable while at the same time succeeding in all your endeavours.

The word Prosperous describes a person who is experiencing growth and success or doing well in terms of business or their goals and is mentally, emotionally and physically well. Prosperity is all-round completeness.


Why is wealth important?


  1. Wealth is significant because it gives financial security for you and your family now and in the future. In today’s world, financial security is crucial. Nearly everything requires money, from food to education to health services.


  1. It raises one’s, social class. Wealth makes one feel a sense of accomplishment and acknowledgement in society.



  1. Wealth creates a legacy and an inheritance. You can rest assured that your descendants will not have to struggle if they build on the foundation of wealth you built.


  1. The physical and mental ability to handle drawbacks, emergencies, disaster, sicknesses and other calamities, it is easier for a wealthy person to handle these problems.


  1. Wealth enables people to enjoy a great life
  2. . Being wealthy gives one a sense of accomplishment. Most people long to feel that they have accomplished great things in life.



  1. Wealth makes it possible to help those in need. There is an excellent satisfaction in giving. Wealthy people can make a difference in the world around them. However, this is a personal choice, as not every wealthy person gives to charity or gives back to the community.



In summary, wealth is not just about money and material things. Success goes far beyond just having lots of money. Wealth and prosperity are a package that includes financial success, good health, a positive influence in the community and the accomplishments of one’s dreams.


Some of these things are not measurable in financial terms.  Whether you intend to become a successful businessperson or have some life goals that you want to accomplish, you should have not only a financial roadmap but should also take your health and mindset seriously. As mentioned above, health is not just the physical aspect of it, but also the mental and emotional side of health. If you can accomplish your dreams and maintainhealth, then you are wealthy! You can better enjoy the fruit of your labour because one of the fruits of good health and wealthis happiness and satisfaction.

Understanding Working Capital Management

Working capital management is primarily a business strategy focus on maintaining a healthy balance between your company current assets and liabilities. There are several benefits of efficient working capital management, including the maintenance of sufficient funds in the bank account for day to day operations and to meet all future financial obligations. A Cash flow forecasting model is essential to managing and monitoring your business working capital.

 How do you calculate the Working Capital Formula?

Working capital equals current assets minus current liabilities.

Current assets in a company include cash, accounts receivable, inventory and other assets which the business can convert into cash within a year.

Current liabilities include wages, accounts payable, taxes payable and the current portion of a company or business’ long-term debt which are due within 12 months.

The working capital ratio or Current Ratio (current assets divided by current liabilities) is an indicator to show if a company has enough short-term assets to cover its short-term debt. If the ratio of current assets to liabilities ratio is less than one, the company or business is considered to have negative working capital.

The current ratio tells investors and analysts how a company can maximise the current assets on its balance sheet to satisfy its

short-term debt and other payables.

If you are an Entrepreneur or Business Owner seeking to GROW a successful business, then join us on Saturday 2nd November at the Radisson Blu Edwardian, SW7 5BT London for A FREE Masterclass – see the links for the Morning and afternoon sessions  below (spaces are limited):


9:30 to 12:30



or 14:00 to 17:00



Advantages of Having Efficient or Adequate Working Capital

Economies of scale – A business with adequate/efficient working capital can reap the benefits of economies of scale by purchasing raw materials or products in bulk or wholesale prices and thus increasing return on working capital.


Improved credit profile and solvency– Adequate working capital management will allow a business to pay on time for its short term obligations – This includes payment for the purchase of raw materials and their operating services. Adequate credit is good for the business’ goodwill and reputation.


Higher profitability– According to research conducted, management of account payables and receivables is an essential driver of business profitability.


Higher liquidity– A company that manages its working capital efficiently will benefit from adequate cash in the bank to fund daily operations with less reliance on external financing.


Favourable financing conditions – Businesses reap the benefits of favourable financing terms such as discount payments from its suppliers and banking partners.


Uninterrupted production – Efficient working capital management allows firms to pay their suppliers on time. The result is the regular flow of raw materials and other resources. Thus production is uninterrupted, and clients receive goods on time.


Ability to handle sudden changes from the norm and peak demand -efficient working capital management helps a business manage sudden changes, including a sudden rise in demand for production in case of an unexpectedly large order.



Competitive advantage – With adequate working capital, a business can afford to discount its products without hurting the company – This gives it a competitive edge and is likely to increase sales and improve turnover.



Easier access to credit facilities – Since a business with efficient working capital has a better financial record than its counterparts; it is easier to access credit facilities when the need arises.


How to finance working capital


Working capital loans are borrowings from financial institutions that companies use to finance their daily operations. There are five most common sources of short-term working capital financing.

They include:

Equity – When a business is in its first year of operation and may not yet be profitable, it may require equity funds for short-term working capital needs.


Trade creditors – A trade creditor is a supplier of goods or services that your business owes money. A balance on a creditor’s account means that you haven’t paid the supplier yet. The amount that goes on your business’s balance sheet for trade creditors is the sum of all its unpaid invoices from suppliers currently outstanding.



Factoring – This happens when a business sells its receivable accounts to a third party (a factoring company). The factoring company pays your business at a discount and then collects from your debtors. The difference between the account receivable balance and the discounted amount the factoring company pays you is the profit the factoring company makes.


Line of credit – A line of credit is a limited credit facility extended to businesses by banks or financial institutions. Some requirements may lock out some new or small businesses. However, if your business is well- capitalised, you might easily qualify for one. A line of credit allows businesses to borrow funds for short-term needs when they arise. Usually, a line of credit is meant for one year at a time and are expected to be paid off for 30 to 60 consecutive days.


Short term loan – A good banking relationship with a banker makes it easier for businesses to gain access to short-term loans. A lender may be willing to provide a short- term note for one order or a seasonal inventory and accounts receivable build-up.


In conclusion, we may conclude that a business with adequate working capital has more options and is a more robust business. Thus, working capital management is a crucial part of business management. The business owner or finance controller of an organisation should have methods of financing the business working capital to minimise any disruption in operations, as Proper working capital management can be the difference between a profitable, efficient business and a struggling business.

Being a Self Employed Sole Trader vs Operating a Limited Company


If you have been running your own business by yourself, then you are considered as a self-employed person. One of the most alluring things about starting a business as a sole independent trader is that it is easier than going through the hoops of filling out the forms to register your business. Perhaps you have been trying to avoid registering your business as a limited company because of all the paperwork and legal framework and bindings involved. But have you ever paused to consider the fact that upgrading your business to a limited company comes with its advantages? Although, a sole proprietorship has its benefits too, but perhaps registering your business as a limited company is a step you need to take it to the next level.

Once you become sole proprietor in the UK, you need to register with HMRC as a self-employed person.


Who is a sole trader?

A self-employed is an independent contractor who is directly involved in generating income by owning and managing their own business or profession. That means if you are a sole trader who owns and runs your own business, you are self-employed. Before we compare a sole proprietorship with a limited company and discuss why you may want to upgrade to a limited company, we need to explain what it means to be a sole trader.


Unlike a limited company, there is no legal distinction used to separate a sole trader from the business. Liabilities and debts related to the business operations can be traced to and recovered from the sole trader because he is not a separate entity. If you want to limit the extent to which business losses and debts can be recovered from you, you may want to consider turning your private business to a limited company.

Additionally, A sole proprietorship must be distinguished from a partnership, which refers to at least two traders co-owning a business.


Advantages of being a sole trader

  • The registration process of a sole proprietorship is relatively easy and this makes it very appealing to most people.
  • The sole trader shares profits with no one, unlike a company or partnership with two or more person and mostly requires the splitting of profits.
  • It is much cheaper to start a sole proprietorship than to register a new company. Hence, this may be the reason why many people prefer to start as sole traders and upgrade to a company as the business progresses.
  • Such things as expansions, decision-making, legal changes, sale of the business, and so on can be much easier when one is a sole trader.



  • Since there is no legal distinction between the owner and the business, all debts and liabilities can be recovered from the owner.
  • Running the business on your own requires daily commitment, and there may be little time for anything else.
  • There is no one to brainstorm decisions with, and you may drive the business to the ground with just the wrong choices.

Why Upgrade a Sole Proprietorship to a Limited Company?

When you’re a sole proprietor, in the eyes of the law, there is no difference from a legal perspective between your business and You.

You receive the income from the business and pay the expenses, including the tax liability which you must pay as an individual. And, If you have income from employment as well as your self-employed income, you’ll need to declare it on your annual Self-Assessment tax return

If your business is a limited company, you will be taxed at the corporate tax rate of 19%. So, while it may cost you to start a business as a limited company due to registration fees, it may cost you less in taxes in the long run.

How Does a Limited Company differ from a sole proprietorship?

A limited company is considered a private entity (or public entity if it is  listed on the stock exchange) from its owners. Importantly, whether it is a private company or a public limited company, the owner or owners are not held directly liable for debts and other liabilities. If you sue a limited company, you sue it as a separate entity.

Private limited company shares are contributed by the owners and cannot be raised through a public offering. Public limited companies can raise capital through the public and can trade on the stock exchange.

In the UK, companies are registered through the Companies House. It is also worthy to note that most sole proprietorships are owned and managed by one person (perhaps with one or a few employees in some cases) while most companies invest in a large number of employees and in many cases a management team that oversees departments.


Advantages of a Limited Company

Registering your company as a limited company will gain you the following benefits.

  • A private limited company or a public limited company limits the owner’s liability. You are not directly liable for what the company owes to debtors, and your assets are safe unless a court of law gives special rights to creditors in the case of lawsuits.
  • In the UK, a limited company owner pays less tax than a sole trader, whose business income is taxed along with other personal income.
  • A limited company gives a better impression to third parties such as clients, bankers, government agents and potential shareholders. This is good for business.
  • Many limited company owners find that raising capital is more accessible than for a sole trader. Financing organisations and potential shareholders are more likely to invest with a company than a sole trader.
  • In many cases, the cost of starting a company is overestimated by most people.
  • A limited company has a higher chance of continuity and consistency. Most sole traders rely on the owner’s involvement and availability to stand or grow.
  • The statutory requirements of a limited company help owners to be keen on working professionally. These include the creation of accounts and proper records and the auditing of accounts.
  • A limited company makes it easy for the owner to draw a line between personal assets and company assets. This includes your own money and business money. This is an advantage to the owner and reduces the risk of personal loss.



  • Due to the statutory requirements, the owners or directors of a limited company need to ensure that they adhere to the rules and conditions.
  • Unlike a sole proprietorship, many companies require the approval of boards or shareholders to make significant decisions.


What Do You Require To Set Up a Limited Company in the UK?

You need to register with Companies House. All registered company have at least one director, who must be at least 16 years of age. Every limited company in the UK must file annual returns. When submitting, the following details must be provided:


Annual Returns

  • Registered company address
  • Name a location of the list of shareholders
  • State the type of business
  • The names of all listed directors and their addresses
  • If there is a company secretary, the name and address must be given
  • The type of limited company it is (private limited company, public limited company or limited by guarantee)
  • Share value issued and debenture details


Tax Returns

Limited Companies must also file corporation tax every year regardless of the performance/ Tax returns include the following information:


  • Losses brought forward from the previous period
  • Claimable tax relief
  • Gains made on asset disposal
  • Capital assets for assets purchased


Annual Accounts

A limited company is expected to file the Annual Accounts report. In many countries (such as the UK) there are fines for late delivery of annual accounts, just as there are penalties for the late filing of taxes, etc.


Other Requirements

Other statutory filing requirements include VAT returns, PAYE returns, Event filings and Confirmation statements.


You may have started a business as a sole trader. Upgrading to a limited company may depend on the reasons you chose to trade as a sole trader. If the problem was the initial cost of setting up a business, you need to consider the financial obligations (in relation to taxes) in comparison to a limited company. If you feel that your kind of business is better suited as a sole proprietorship, then you may stick to it. Many people may opt for a sole proprietor business if they use their skills for business or feel that their direct supervision is required. However, if you think that registering your business as a limited company will work better for your business, then you should go ahead. It is a good thing to be self-employed, but it is also a good thing to know when to go to the next level and become an employee of your business by making it a separate entity; that is, a limited company.

The Power of Positive Thinking and Self Belief

What is Positive Thinking, and how does it bring about success?

You have probably heard about the power of positive thinking and how it can make you successful. Not everybody understands how on earth positive thinking can change situations and bring about positive results. A wise man once said that the most significant accomplishments, the most magnificent ideas and the most exceptional innovations began with one single thought.

An inventor nurtures and develop ideas in their mind, believing it is possible and visualising it before working on it physically, and then seeing come to fruition. Hence, the reason positive thinking is such an influential and crucial recipe for success, or the accomplishment of ideas, tasks and even long-term visions.

Positive thinking is seeing things from a positive perspective, regardless of the challenges involved. The obstacles do not disappear because you have a positive mindset. The positive mindset helps you see a way around the barriers and believe in the accomplishment of the plan or task.

A positive mind enables you to gain self-belief. When you believe in yourself, you gain confidence and self-esteem. You look at the glass as half full and not as half empty, as the saying goes.

One of the best books ever written is “As A Man Thinketh” by James Allen – it is only 63 pages. Every human being seeking to benefit from positive thinking can benefit from reading this philosophical book!

Positive thinking is a concept whose popularity continues to grow. It is not just a mental attitude but an emotional one, as well. It is a personal choice to focus on and amplify the positive side of things. As a result, scholars have suggested that one’s subconscious mind then leads them to take the right steps towards victory and success.

You may have come across some famous positive thinking quotes. They all reinforce the suggestion that there is power in positive thinking, and it leads to positive results.

Here is a fitting illustration: Suppose two job-seeking friends, Adam and Jack, wake up one morning planning to attend the same interview? Adam is a positive thinker and wakes up with a bright outlook. He feels that he can get this job, and already visualises himself as working at this exciting new company. So, dresses for the interview has a smile on his face and gets there on time. He is psychologically prepared and ready for any questions.

On the other hand, Jack feels that this is just like any interview he had in the past, and the chances of getting the job are slim. He is tired of interviews and looks exhausted, disoriented and annoyed. The least odd question irritates him. Note that the difference between these two is their mindset. After the interview, Adam gets hired. The interviewers like his positive attitude, his confidence, his attire and focus. They do not like Jack’s tired look and his attitude.

In summary, Positive thinking makes people act in a way that leads to positive results.

How to Achieve a Positive Mindset (How to develop a habit of thinking positively)

Many people have written off the concept of gaining success through positive thinking as “motivational politics” without a scientific basis. Nevertheless, a positive attitude is the first step in the walk to victory. Because people with a positive way of seeing things focus on the success that lies ahead and not on the obstacles that discourage the less motivated. Here are ways one can achieve a positive frame of mind and success as a result.

  • Learn to focus on the positive things you encounter. Find things that make you happy or encourage you during the day. There is something about negative words and negative situations that makes the human mind naturally dwell on these things, creating a pattern of worry. You can develop a positive mindset by focusing on the small positive things you encounter. By creating a habit of dwelling on these, you teach your mind to think positively. A positive mind leads you to make more positive decisions, have self-belief and gain confidence – This is a recipe for success. In essence, that is the power of positive thinking.


  • Start every day positively. Regardless of what happened the previous day, every day should be a new start. Treat any failures you may have encountered the last day, week or month as though they do not affect the current one. That is because you can always make a fresh start. Do not the past ruin the present.


  •  Life is like climbing a ladder. You focus on the current step, but still intend to reach to the top, and are aware of the steps and the ground below you. Dwelling on the past and looking back as you climb up will never help you to reach the top.


  • Some people develop a cycle of unhappiness because they keep on repeating mistakes. Learn to learn from your mistakes! Learning from mistakes helps you make better decisions in future and be more successful as a result. Repeated success will help you develop a more positive attitude.


  • A friend with a positive mindset can help you gain a similar mindset. Surround yourself with friends who challenge or encourage you to look on the positive side of things. Alternatively, friends who encourage you to visit places that breed positivity or create a positive atmosphere through their positive attitude and conversation.


  • Have a plan of action, and start working on it. People who make a plan, write it down and start working towards it generally have a more positive attitude. They have a goal and a purpose, and every day they know they are getting closer to accomplishing that goal. They are more likely to be positive-minded in their everyday endeavours. They also respond better to challenges and obstacles because they know that they are mere distractions and not failures.


  • Take some time, say half an hour, every day to remember some positive things. Things that make you happy. Things that you succeeded in doing. Victories. Also take some time to speak some positive words like: “I will do it. I can do it. I am powerful, and I am ready for success. No obstacle will stop me. I will get there.” It may sound crazy, but your subconscious mind begins to repeat these words as you make it a habit. They are not only a morale booster, but you may have heard of the power of positive confession and affirmations because words have the seed of energy in them.


  • Write down some positive words and place them where you can see every day, maybe a poster on the wall with positive thinking quotes or positive words in general.


  • Find an outlet for negative emotions. If something depresses you, find an activity to focus on, or talk to friends. Bottled up emotions can adversely affect positive thinking.


  • Write down a few activities that make you relax mentally and emotionally – This could be a walk, fishing, watching a movie, and so on.

Positive thinking and Self Belief are recipes for success.

Self-belief means that you believe in yourself. In other words, you have confidence in your ability, and in yourself as a person, this has a psychological effect not only on your thoughts but on your actions. Self-confidence takes away doubts.

In a nutshell, several influences and factors affect one’s ability to succeed; however positive thinking plays a significant role in the ability to achieve success.

Past, present and future events play a part in the failures or victories, but it is our attitudes and reaction to these events and thoughts that set us up for success or failure.

All in all, self-belief influences positive thinking and positive thinking has an impact on self-belief. Positive and negative things will always happen to us, but the power to think positively or to believe in ourselves will always depend on how we react to these occurrences. Therefore, purpose to capitalise on the power of positive thinking, and you will be on your way to success in whatever vision or goals you have in your life. Stay positive and Stay focus!