FasTRaX Finance

On September 20, 2001, with the tragic memories of 9-11 still fresh in everyone's mind, Alan Greenspan, Chairman of the Federal Reserve Board, spoke about America's long term economic future before the Senate Banking Committee. Among other things he commented on America's need for financial literacy by making the following points:

• "Many studies have pointed to a critical need to improve financial literacy, the lack of which leaves millions of Americans vulnerable to unscrupulous business practices."
  
  
• "An informed borrower is simply less vulnerable to fraud and abuse."
  
  
• "Improved financial literacy would help prevent younger people from making poor financial decisions that can take years to overcome."

Corporate America uses three primary reports to understand and manage their business:

• Balance Sheet
• Income Statement
• Statement of Cash Flow

With these tools, businessmen and investors can take the pulse of a business and in a short time know the financial condition of a potential investment. Integral to effective reporting is effective accounting. Without an understanding of accounting principles, is there any wonder why the Department of Commerce reports that 96% of all small businesses fail within 10 years of start-up?

I am an EXPERT at what I do. Why do I have to learn about Finance or Accounting?

It probably would not surprise you to find out that most people who start small businesses know little or nothing about

• Personal accounting
• Taxes
• Financial management

In what Michael Gerber, author of the "E-Myth revisited" calls an "Entrepreneurial Seizure" these new business people fall prey to one of the great myths in American small business: that if they know the technical aspects of a job then they also know how to run a business involving that job. What they believe to be a business investment is really money paid to own their jobs. But without financial and business knowledge, it is a nightmare job destined to own them.

Use FasTRaX Finance to leverage your personal and business cash flow to success!

The next step of the FasTRaX Journey is understanding and gaining control of your personal finances.

	Is your personal cash flow positive or negative?
	Do you purchase assets or liabilities?
	Is your cash flow working to create your financial dream?
	Do you run out of money before the end of the month?

Are you tired of building on the financial dreams of your credit card companies? Once you understand and control your personal finances you then have a model on which to understand and build the finances of a business.

What will FasTRaX Finance do for me?

FasTRaX Finance is about managing cash flow. It will help you identify these keys to your success:

	Managing my personal finances in order to leverage my financial success.
	Identifying financial tools necessary to understanding and managing my business finances.
	Understanding and using taxes to leverage my business success.
	Successfully automating my personal and business finances.
	Avoid having a profitable business on paper and ending up in bankruptcy.