Have you ever wondered how some business owners are able to achieve success and maintain their motivation? If so, you're in luck! In this blog, Harry Alston, investor, recruiter and property manager, will share with you 6 steps to success that he used to achieve financial success. From his experience in recruitment to his passion for marketing, Harry will outline his journey in detail and share his insights on how he was able to stay motivated and focus on growing his business. So don't miss out on this great opportunity to learn from Harry's experience and get the advice you need to reach success!

About Harry Alston

Meet Harry Alston, an entrepreneur, investor, recruiter, property manager, marketer, and business owner. He is passionate, intense, and always looking for the next opportunity. Harry has worked in personal training, recruitment, and marketing, and has experience in spotting and capitalizing on opportunities. He has a long history of taking risks, including selling a property and not taking a wage for a year when starting his own business. Harry is open-minded and willing to take advice from anyone, which has been key to his success.

Why is it important for business owners to stay motivated and focused while growing their business?

For business owners, staying motivated and focused is essential for growing their business. Business owners are faced with a variety of challenges and obstacles, from keeping up with the latest technology to competing with other businesses. By staying motivated and focused, business owners can better manage these obstacles and reach their goals. Motivation and focus also provide business owners with the energy and enthusiasm needed to stay on track and make progress. Having an open and positive attitude towards their business can help business owners stay motivated, take risks, and foster creativity. Additionally, staying focused helps business owners stay organized, prioritize tasks, and make the most out of their time. Ultimately, staying motivated and focused while growing a business is essential for business owners to succeed.

Here are the steps you need to follow:
1. Develop an understanding of finances and accounting.
2. Analyze revenue streams to identify profitable areas to invest in.
3. Monitor losses and identify areas to reduce costs.
4. Invest money to make money.
5. Have a long-term vision and remain consistent.
6. Utilize the input of others and be open to new ideas.


1. Develop an understanding of finances and accounting.
Develop an understanding of finances and accounting. A basic understanding of finances and accounting is essential for any business owner, especially when starting out. To start, one should become familiar with the basic financial statements such as the Profit and Loss (P&L) statement, and the Balance Sheet. These are the two core financial statements that provide the most information on the health of a business, and they are good starting points for understanding the financials of a business. Additionally, understanding the concept of cash flow is important, as it allows one to measure and manage the inflow and outflow of money in the business. As a business owner, one should also understand how to read financial statements, how to interpret the information, and how to use it to make more informed decisions. This can be done by attending classes, reading articles, and talking to experienced professionals in the field. Understanding the financials of a business is key in order to make it successful.

Having an understanding of accounting processes is also beneficial for any business owner. Accounting processes such as bookkeeping, accounts payable, accounts receivable, and payroll are important for any business. These processes allow business owners to keep track of their income and expenses, and ultimately, to make informed decisions about the future of their business. Additionally, understanding the basics of taxation is essential, as it can help business owners to maximize the profits of their business. Knowing the different types of taxes and the corresponding deadlines can help business owners to avoid any penalties or fines. Finally, understanding the different accounting software packages available can help business owners to streamline the accounting process, saving them time and money.

2. Analyze revenue streams to identify profitable areas to invest in.
Analyzing revenue streams to identify profitable areas to invest in is a key step in any business plan. This will help to figure out where the most money is being generated, and what areas could benefit from additional resources. To start, look at the most recent profit and loss (P&L) report. This will give an overview of where the money is coming from and going to. From there, use the report to look for trends and outliers. Are there any revenue streams that are consistently generating more than others? Are there any expenses that are more than expected? This will help to identify areas to focus on and where to put additional resources. Once any trends or outliers have been identified, it is important to take a closer look at each revenue stream. What are the sources of each stream, who are the customers, and how could the stream be improved? Make sure to look at both the short-term and long-term potential of each stream. For example, in the short-term, it might be more profitable to focus on increasing marketing efforts for an existing revenue stream. However, in the long-term, it might be more profitable to invest in new products and services. Finally, make sure to track the results of any investments. This will help to understand what strategies are most effective and where to focus resources going forward. By closely analyzing revenue streams, businesses can ensure they are investing in the right areas and generate the most profit.

It is also important to consider the competitive landscape when analyzing revenue streams. Who are the competitors, what services do they offer, and what are their pricing models? Understanding the competitive landscape will help to identify areas where a business can differentiate itself. For example, if competitors are offering similar services at lower prices, a business might need to consider reducing their own prices or offering additional services in order to remain competitive. Finally, it is important to stay up to date with industry trends. This can provide valuable insights into what customers are looking for, as well as any potential new revenue streams. Monitor industry news, participate in online forums, and conduct customer surveys to stay informed. By analyzing the data and understanding customer needs, businesses can ensure they are investing in profitable areas and remain competitive.

3. Monitor losses and identify areas to reduce costs.
Monitoring losses and identifying areas to reduce costs is an important step in managing a business. It is important to understand the financials of a business and have an intimate knowledge of where the revenue is coming from and where any losses are occurring. Keeping a close eye on the losses and having a thorough understanding of the finances will help to identify areas to reduce costs. This could include cutting back on unnecessary expenses or investing in more profitable areas that can help reduce the losses. Additionally, monitoring losses over time and making changes to reduce costs can help to create a more sustainable and profitable business in the long run.

It is also important to keep in mind that reducing costs does not necessarily mean cutting back on necessary expenses. Instead, it can be about finding smarter ways to use the money and resources available. For example, a business may choose to invest in a more efficient inventory system to reduce labor costs or invest in marketing to increase sales. These are just a few examples of how a business can reduce costs while still maintaining the necessary operations. In addition, it is important to understand the impact of reducing costs on customer service and satisfaction. While it is important to reduce costs, it is also essential to ensure that customer service and satisfaction are not negatively impacted. This means that when making changes to reduce costs, it is important to consider the effects on customer satisfaction and customer service. If customer satisfaction and service are not maintained, the costs saved by reducing expenses may not be worth it in the end.

4. Invest money to make money.
Invest money to make money Investing money in order to make money is a risk, but it is one that can be rewarding if done correctly. To begin, one must determine the potential return on investment (ROI) of any expenditure. This involves calculating the cost of any investments and the potential income they could generate. It is important to be aware of the risks associated with investments and to be prepared to accept that there may be losses in the short-term. Additionally, it is also important to diversify investments to minimize the risk of any single investment failing to yield a return. Once the potential ROI of any investment has been determined, it is important to decide where and how to invest. This can involve researching the stock market, looking for real estate opportunities, or even investing in the development of a new product. After the decision has been made, the next step is to ensure that the investment is monitored closely and that any changes in the market are taken into account. Finally, once the investment begins to yield a return, it is important to manage the returns in order to maximize the profits. This may involve reinvesting the money back into the business or diversifying investments further.

For those who are not experienced in investing, it is important to seek professional advice to ensure that the investment is being made correctly and to minimize the risk of loss. Additionally, it is also important to be aware of the tax implications of any investments and the potential impact on any returns. It is recommended that investors consult with an accountant or financial advisor to understand the legal and financial implications of their investments. Finally, it is important to remember that investing money to make money can be a risky endeavor and is not suitable for everyone. As such, it is important to assess one's own financial situation before investing and to understand the potential risks associated with any investments. It is also important to have realistic expectations about the return on investment and to be prepared for the potential losses associated with any investment. With careful research and planning, investing money to make money can be a rewarding endeavor.

5. Have a long-term vision and remain consistent.
Having a long-term vision and remaining consistent is essential to achieving success in any business venture. Harry Alston, investor and recruiter, credits his success to believing in the long term vision and staying consistent despite the rejection and lack of financial reward in the beginning. His first business, a recruitment organization, taught him to set a six month deadline in order to decide whether or not to continue with the venture. When starting his second business, EAC, he had complete confidence that the business would work, regardless of the timeline. He and his business partner maintained their vision by placing their faith in it and not taking a salary for the first year. Harry credits people to his success, both in terms of having a business partner and having a team of managers and trainees who bring fresh ideas and help shape the business. His biggest failure was not understanding the finances well enough, something he now understands to a high degree. By understanding the finances, it is possible to focus on profitable areas and ensure the business is not making a net loss despite making a GP. With a long-term vision and remaining consistent, Harry has been able to create two successful businesses and can provide advice on how to best achieve success.

By remaining consistent with his long-term vision, Harry was able to make incremental changes to his businesses and refine his strategies. He was able to test out new ideas and make small changes that had a big impact over time. He also maintained focus on the bigger picture and didn't become distracted by short-term gains that could have derailed his progress. Harry was able to develop a culture of trust and support within his team and his business partners, which in turn led to greater commitment and more successful outcomes. His commitment to his vision, and to learning and understanding the finances of the business, has enabled Harry to create two successful businesses and provide advice on how to best achieve success.

Staying motivated and focused is essential for business owners to achieve Financial Success. Harry Alston, entrepreneur, investor, and business owner, has shared his journey and the 6 steps to success that he used to achieve success. These include developing an understanding of finances and accounting, analyzing revenue streams to identify profitable areas to invest in, monitoring losses and identifying areas to reduce costs, investing money to make money, having a long-term vision and remaining consistent, and utilizing the input of others and being open to new ideas. By applying these steps, business owners can stay motivated, focus on their goals, and reach Financial Success. So don't wait any longer - take the steps to success and make your dreams a reality!

I’d love to hear how you apply Financial Awareness Management to get financial success.. Leave me a comment on how it went for you or drop any questions you want me to answer!