I was speaking with a businessman in the USA during last week and he was describing the recent turmoil in financial markets and how many white collar professionals in the industries directly or indirectly associated with the finance markets are having their tree shaken.

He shared with me how in Northern California many of the social services and food banks have run out of food, not because of the greater demand from the people we normally associate with being disadvantaged but because more and more white collar professionals including mortgage brokers, share brokers, lawyers, realtors, property developers … and the list goes on, are having to choose whether to pay their bills or eat. Many are choosing to pay their bills and then join the queues for food parcels while they try and make sense of the current situation and what they are going to do about it.

For many it means selling off assets and/or getting rid of debt that they have been servicing with their (up til now) large incomes.

Now the income has stopped. And so has their lifestyle since many did not see this day coming and since most of us are like the rest of us - guess what?

Notwithstanding their huge incomes, a great many were still living on 105% of it and never really putting aside money for their future wealth creation/retirement.

Stanley in his book, “The Millionaire Next Door” (highly recommended) challenges many of the beliefs we have falsely attributed to being wealthy through a study of actual millionaires and their lifestyles.

You will be challenged and surprised.

In addition, you will learn a simple and effective way to determine if you are truly wealthy as well as if you are a:

PAW: Prodigious Accumulator of Wealth; or a

AAW: Average Accumulator of Wealth; or a

UAW: Under Accumulator of Wealth

I won’t steal the book’s thunder but seriously you should get it - it will help realign your thinking and your priorities.

Of course, I can almost hear someone saying, “Well you know Paul, that’s all right, we’re doing OK in Australia. That’s not going to happen here.”

And it’s true, we do live (OK I am biased) in the best country in the world, and yes we have not had such a rocky a ride as the USA.

However, should that not be even more reason to learn the lessons and to do whatever we must to protect ourselves from any future economic fallout.

To not do so would be foolish indeed - and none of you are foolish are you?

So what are you doing to maximise your current income potential and wealth accumulation?

Are you certain that you are not leaving untapped profits in your current business?

My experience tells me that if your business is turning over $500,000 pa then conservatively there will be at least $50,000 in untapped NET profits (before income tax), money you are leaving on the table, year in year out.

If your turnover is $750,000 then you will have untapped profits of $72,000;

Or if turnover is $1 million pa then typically there will be untapped profits of $100,000.

Are you getting depressed or excited?

In reality I recognise that it is probably a little bit of both.  Why?

Well, because if you are the smart operator I believe you are, then you will recognise that you are most likely leaving money on the table or at very best you would like to make sure that you are not leaving money on the table (in terms of untapped profits).

The good news is that we have a comprehensive process by which we can analyse your business to specifically locate, measure and retrieve the untapped profits from within your business.

That’s reason to get excited because it can mean year on year an extra $50k, $72k or over $100k in extra net profits.

Imagine what that will mean not only to the profitability of your business but also to the choices and lifestyle that you and your family currently enjoy.

Need I say more.  To make sure you are not unwittingly being a AAW or UAW (see start of article) drop me a line.

The Right Team – Opportunity Bank

Finally, for those of you who perhaps are for whatever reason looking for opportunities to generate additional income or another income stream within your business or indeed, perhaps start another business altogether, we at the Right Team Business Improvement Specialists have a range of handpicked opportunities available across a variety of blue and white collar industries with the investments ranging from:

1. Approx $1000 for a home based business with mass appeal (broadband     connection and telephone essential);
2. Approx $20k for a home based professional (suits former middle to senior management types);
3. Approx $40k for a mobile business with growth potential in a new niche market in the hospitality industry;
4. Approx $80k for a senior corporate/professional wanting to reinvent themselves and still earn a $200k - $300k or more working from home.

Obviously I cannot do justice to these opportunities here. However, it would be my pleasure to have the right person call you and introduce themselves and what they are about if you are seriously in the marketplace looking.

If you want to know more about these opportunities and make sure you specify which option you are interested in exploring by indicating Option 1, 2, 3 or 4 as appropriate.

For clarity, please only indicate options that, all other things being equal and after completing your due diligence, you have the wherewithal to start within the next 4 – 6 weeks.