Monthly Archives: November 2016

Archive of posts published in the specified Month

Nov
30

Marketing a Small Business: Just Stop and Think

Does the thought of a marketing plan make you feel excited and energised?

Many small business owners fight the idea of ​​working to set plans or marketing strategies which feel contrived, and prefer to keep their marketing "natural".

But if you need more clients what do you do?

A first reaction is often to take some action but unfortunately you might end up with the wrong client, or the wrong deal. This can result in activity which could even set your business back. A better response is to stop and think which will help you gain a clarification clarity to make it easier for the right prospects to buy from you.

Even if you do not have a plan and hit a problem, there is often a temptation to just keep on doing what you were doing. In fact it can be difficult to take the foot off the brake and stop and think. Even when that wonderful golden opportunity – low hanging fruit – falls right into your hand it can be important to stop and think to make the most of it. There may be a chance to try things a new way, from your presentation or PR, to the type of target market or new partners you really want.

Regular space to step back and think about the big picture helps you to avoid getting off track. That big single client, for example, who looks like the perfect solution, might tie up too many resources. To build your business effectively it might be better to go out and target one market niche, and aim to pull in 5 smaller clients.

When you take the time to stop and think, talk in everyday language. Business jargon or code often makes it harder to see what is real in your business. There are only three things that matter: Them, You and It.

Stop and think about:

Them

Think about your clients. Who do you like to work with, what kinds of problems do you enjoy solving for them? What do they value about you, and what do they really gain from working with you?

You

Whether you are the boss or an employee, your story and your approach is what your clients will "buy". Do not leave yourself out of your business. Think about how you got to be the person you are, and what is important to you about what you do.

It

This exchange of skill for money is the link between you. How much does your product and service range reflect what you and your customers really want?

How do relate these three elements emerge once you have the main pieces in place. Taking the time to get away from the day to day pressure is a great help for freeing up your ideas. Many people discover they have had breakthrough thoughts immediately on waking, or after a car journey or a walk in nature. It is often when you are relaxed that the ideas and …

Nov
28

Valuable Tips For Choosing What to Sell at Flea Markets and Any Other Small Business

As people are turning from employers to self-sustaining sources of income, flea market vending is becoming a popular alternative to traditional jobs. Flea market vending offers a viable solution because of the small amount of cash it takes to start up and the freedom that the business offers. Setting up to become a vendor is essentially a snap. Knowing what to sell is the big question, though. By following a few simple guidelines vendors can build an inventory of merchandise that will make their booths profitable show favorites wherever they set up.

As a vendor your goal is not only to sell products that people will buy but also to purchase those products at a cost low enough to allow you to sell them for a decent profit.

At a minimum you should be able to double your money on each sale. If your cost for an item is $ 2 but you can not sell it for more than $ 2.50, you are not making a decent profit. If that item could have sold for double what you paid, it might have been worth the investment to purchase a box of them. Remember that you are selling in limited spaces and you need to be able to stock items that will bring in profits high enough to earn you a living, as well as to purchase more merchandise. Once you understand that your merchandise must have profit potential, you need to find out what people want to buy. It is not going to do you any good to end up with a box of low cost inventory that no one wants.

Go to a flea market and explore what is going on at the booths. Why is a particular booth getting so much attention? Are people just looking or actually putting their cash on the table? Interest is a good thing, but if no cash trade follows, a crowd at the booth is not doing a vendor much good. Spending the time to evaluate what sells and what does not give you a better idea of ​​the type of merchandise to sell.

Avoid merchandise which is only interesting to certain groups of people without your booth being set up at an event specifically for that interest group. If there are going to be forty thousand people at a show, you do not want to cater to only a few hundred of them, you want something that will be of interest to all of them. For example, if you specialize in gemstone rough and set up a table at a rock and gem show, all you need to make sales is quality gem rough material at reasonable prices. If you go to a flea market, however, only a few people in a large crowd may be interested in your products. You will need something else to draw the general crowd. If you are diligent you might be able to find merchandise that will appeal to both the public and your …

Nov
27

4 Ways to Make Money on the Web

Money, money, money. We all LOVE it. To everyone it represents power, freedom and happiness. Money makes the world go around.

For many online marketers, this has become a reality. They all have one thing in common. They claimed their stake in the online world.

The web is now bigger than it ever was. Heck, it's already the fastest, coolest, easiest-to-use way to do online purchases as well as interact with anyone on the globe!

This has opened a massive new world for entrepreneurs to make money from the internet, purely because the internet is filled with activity! The internet is SO interactive that dozens of ways have surfaced for people to make a profit from it.

So how do you claim your piece of Multi Trillion Dollar eCommerce pie?

I'll now outline the several ways in which you can make money on the internet, starting with the lowest paying, to the highest paying. While the lower payment methods will not make you rich, they can add some extra money in your pocket. The highest paying methods will unduly have you smiling all the way to the bank.

Method 1 – Surveys

Surveys typically involve you sitting in front of your PC answering an endless amount of questions. Survey companies do pay money, but not nearly enough to help you pay serious bills. Females are the # 1 target of survey companies, simply because filling out surveys are non-techie. Women like that type of thing. You can start earning money with surveys right off the bat, but please do not make this your sole source of income. Make sure the survey company is legit by Googling their name. You can also ask around in forums.

Method 2 – Data Entry

Pretty much the same as surveys. Data Entry though pays a way better than surveys, but it's difficult to justify it's payment with the amount of work needed to be done. You'll have to fill in hours upon hours of information into online forms. Most people end up being institutionalized because of doing data entry.

Just kidding. If you are someone that loves sitting around the house all day and you love typing, then data entry programs are perfect for you. Just make sure you sign up to reputable programs. Google a bit and find out what other people recommend.

OK so the above methods do make money online, but they have 2 major flaws. One being that the payments are extremely low and secondly, you have to work like a farmer going broke.

So are there any other solutions that can help you make more money online than you thought possible?

Yes there are!

Method 3 – Create your own information product

Info products are what makes internet marketers millionaires. But only a select few internet marketers really make the cut. Developing your own product can be a simple process, or it can be a horrible experience. Are you familiar with the PDF? Most online marketers start out by …

Nov
27

Semi Truck Finance – Bad Credit

Did you know that if you are interested in purchasing a semi truck, it is now easier than ever to find the perfect one for your business, dealership, or fleet, even in these tough economic times. If you are a company driver and you are tired of all the nonsense you have to deal with working for someone else, you should definitely consider getting your own transportation business. Besides, why make money for someone else?

Go out there and get your own vehicle. Even with bad credit you will be better off with your own business. Commercial truck financing with bad credit provides trucks for acquisition & buy out of equipment that were repossessed before.

Loans for folks with bad credit helps borrowers with the finances who want to buy a truck. Commercial loan financing can help you with the loan that you need.

If you have bad credit there are many places that can arrange a loan for you. The commercial truck loan should be one that you understand and one that you are most comfortable with. Experienced companies understand the finance market and what is needed to get you low-interest rates and fast approvals. Most trucking companies have programs to train you to be a trainer but you will need to have a certain amount of truck driving experience under your belt. How the truck driving industry is changing and the myths associated with the industry are exactly what they are, just “myths”. Whether you are a seasoned owner operator, a company semi driver or a semi driver who has just obtained a CDL license, there are thousands and thousands of off lease semi’s and repos waiting for you to take over the payments. Some drivers own a semi and are their own boss; others drive for others and have set hours and destinations. Ask yourself this question; what kind of trucker do you want to be?…

Nov
26

Earthquake Insurance for the Affluent

Why the Affluent should consider Earthquake Insurance.

Why Older Owners of Homes should Consider Earthquake Insurance

Why Earthquake Insurance Becomes more Useful as you pay down your Equity

Have you faithfully been paying down the mortgage on your primary home over the past 15 years? Just starting to feel like you are getting ahead?

Be careful, you may be at an increased danger of losing your hard fought principal balance in your home if you live in earthquake country. Although paying off your home is generally a good thing, there are new issues to be aware of. How is that exactly?

As you carefully pay down you mortgage loan and become more affluent, you slowly accumulate a”nest egg” within your nest (in your home.) However, many people expect to tap that equity when they hit retirement either by selling the home, refinancing, or possibly through a reverse mortgage.

But as you accumulate funds in your home, you need to make sure they are properly protected. Your home insurance (homeowners) should be rock solid, with a highly rated and respected insurance carrier. It should be on the broadest coverage form possible. However even the most broad form of home insurance excludes two main perils. These two perils, both can be covered under separate forms: Flood and Earthquake. Flood insurance should certainly be considered, and in high risk flood zones, it is often required by the lender. But Earthquake insurance is not required by banks. Therefore I find that it is rarely if ever considered.

Time to Consider it Again:

15 years ago, earthquake insurance was rarely sold and pretty expensive. Times have changed. Earthquake insurance for most structures can be purchased through the California Earthquake Authority (CEA) and through several standalone earthquake insurers such as ICAT, Geovera, Palomar, and Arrowhead. There are more. These companies are now openly competing for your business. The landscape is slowly changing. Higher deductibles, separate deductibles, and extended coverages for things like pools have really made it more affordable and customized.

What is your Nest Egg worth to you?

If you really are expecting to retire on the equity in your home, you need to be defensive. The best defense for a home, is good insurance. California has had many devastating earthquakes in the past and likely will have more to come in the future. Although homes are built in accordance with much more stringent rules and safeguards, no home, regardless of what you may believe, is impervious to all earthquakes. Destruction of your home could take years to rebuild and involve costs far exceeding your wildest expectations based on the concept of Demand Surge. What is Demand Surge? Demand surge is the principal of costs spiraling up as resources become more limited due to the size and scale of an event. Think its difficult to hire a contractor now? Wait till half the town has been torn to shreds by a big quake.

Destruction Not Complete:

Many people falsely believe that just because …

Nov
24

Personal Financial Planning – Risk Management

Risk management in financial planning is the systematic approach to the discovery and treatment of risk. The objective is to minimize worry by dealing with the possible losses before they happen.

The process involves:

Step 1: Identification

Step 2: Measurement

Step 3: Method

Step 4: Administration

Risk Identification

The process begins by identifying all potential losses that can cause serious financial problems.

(1) Property Losses – The direct loss that requires replacement or repair and indirect loss that requires additional expenses as a result of the loss.

(For example, the damage of the car incurs repair cost and additional expenses to rent another car while the car is being repaired.)

(2) Liability Losses – It arises from the damage of other’ property or personal injury to others.

(For example, the damage to public property as a result of a car accident.)

(3) Personal Losses – The loss of earning power due to death, disability, sickness or unemployment and the extra expenses incurred as a result of injury or illness.

(For example, the loss of employment due to cancer and the required treatment cost in addition to normal living expenses.)

Risk Measurement

Subsequently, the maximum possible loss (i.e. the severity) associated with the event as well as the probability of occurrence (i.e. the frequency) is quantified.

(1) Property Risk – The replacement cost necessary to replace or repair the damaged asset is estimated by a comparable asset at the current price. Indirect expenses for alternative arrangements like accommodation, food, transport, etc, needs to be taken into account.

(2) Liability Risk – This is considered to be unlimited as it will depend upon the severity of the event and the amount the court awards to the aggrieved party.

(3) Personal Risk – Estimate the present value of the required living expenses and additional expenses per year and computing it over a predetermined number of years at some assumed interest rate and inflation.

Methods Of Treating Risk

A combination of all or several techniques are used together to treat the risk.

(1) Avoidance – The complete elimination of the activity.

This is the most powerful technique, but also the most difficult and may sometimes be impractical. In addition, care must be taken that avoidance of one risk does not create another.

(For example, to avoid the risk associated with flying, never take a flight on the plane.)

(2) Segregation – Separating the risk.

This is a simple technique that involves not putting all your eggs in one basket.

(For example, to avoid both parents dying in a car crash together, travel in separate vehicles.)

(3) Duplication – Have more than one.

This technique requires preparation of additional back up(s).

(For example, to avoid the loss of use of a car, have 2 or more cars.)

(4) Prevention – Forestall the risk from happening.

This technique aims to reduce the frequency of the loss occurring.

(For example, to prevent fires, keep matches away from children.)

(5) Reduction – Minimize the magnitude of loss.

This …

Nov
23

A Brief Introduction to Financial Jobs

Even during the current recession, financial powerhouses like the City of London, or Wall Street, have continued to provide motivated and skilled workers in financial jobs with a quality of life that’s unmatched in most other sectors.

That’s down to one thing. The earning power of financial sector and banking jobs.

So it’s no surprise that even more promising young graduates are seeking to enter the financial sector. But they’re in need of guidance, which is why we’ve provided this brief introduction to financial sector, investment banking and wealth management jobs.

What is a Financial Sector Job?

Simply put, a financial sector job is any position involved in business or corporate finance. Banking, investment, commodities and sales trading positions all fall under the umbrella of finance jobs – making it an incredibly broad and attractive market for prospective employees.

But it’s this attractiveness which makes the sector so competitive for first-time applicants. Which is why it’s never been more important for them to secure the correct qualifications, and seek out the right advice on finding positions.

What Qualifications Will You Need?

Jobs in the financial sector can be extremely well-paid, and as such, competition for jobs is always fierce. So having the skills and qualifications to stand out from the crowd is crucial if you want to get ahead of the competition and secure the position you need.

A large number of finance industry workers have an MBA (Master of Business Administration) degree, which immediately marks them out to employers – but even this is not enough. Professional qualifications and licenses are a must if you’re aiming for one of the most lucrative jobs, and they include the following designations:

Chartered Financial Analyst (CFA)

Certified Financial Planner (CFP)

Certified Public Accountant (CPA)

All of these designations can be earned by completing approved programmes, either at a University while you are studying, or later in life backed by your employer.

Without additional qualifications, your career can stutter – so if you’ve got more than four years’ experience and you’re looking to move up the corporate ladder, you will seriously need to consider additional qualifications.

Entry level positions will demand much less in the way of qualifications (you should still pursue an MBA as a minimum) – but as we’re about to discover, they also pay far less.

How Much Can You Expect to Earn?

The easy answer to this commonly asked question would be this: “How long is a piece of string”?

But, while correct, that answer wouldn’t do justice to the earning power commanded by those who’ve achieved enough to rise to the top of the financial sector.

While junior-level candidates will find themselves on less lucrative, if still very competitive salaries – a junior quantitative analyst, for example, will earn around £250 per day with some companies – those at the top of the field will find that demand for their skill and experience translates to very rewarding wages.

It’s not unusual for financial sector experts to earn a …

Nov
22

Basic Homeowners Insurance – An Introduction

There are many factors that go into determining basic homeowners insurance: state laws, the age of your home, location, the size of your property, the number of rooms, materials used to build it, the number of people you live with, etc. HO-1 & 2 are usually considered to be basic plans. In some states, HO-1 is not even available anymore. HO-2 does cost a bit more, but it covers more also, including pipe or plumbing freezing.

So how can you save on basic homeowners insurance? To begin with, you can ask for discounts. If you have smoke detectors, sprinkler systems, fire extinguishers, security features, etc, you may be able to save more money. Anything you have that may make your house safer from the elements and burglary may help you save. You could also make sure no trees are close enough to fall on your home.

Keep in mind that actual cash value and replacement costs are not exactly the same thing. With basic homeowners insurance, your property will be insured for up to 40% of what your home is insured for. Your destroyed or stolen items will only be covered at their actual cash value. With replacement coverage, however, everything you lose can be replaced with new, similar items!

You can get free online quotes. Be sure and look over every single result so that you'll have an idea about what kind of basic homeowners insurance will best suit your home. Also, make sure you know what exactly the laws are at your location. You may be eligible for certain types of discounts. Figure out how much coverage you can afford — the more you protect your home and your household goods — the better. …

Nov
22

Merits and Demerits of Debt Finance

Debt financing means to borrow funds or to arrange for investments from external sources. Large scale businesses and organizations are not able to run all their affairs from their own capital so it is usual for them to take loans. The most prevalent example of this type of finance is the loans taken from banks. The amount of the loan is to be repaid in agreed installments along with interest at a specified rate.

Merits of Debt Finance:

Following are the merits of debt finance:

(i) Scope for Expansion: Debt financing allows business to expand its operations. New branches can be opened in other cities and countries. New lines of business can be adopted to increase revenues. The easy availability of credit encourages entrepreneur to take new risks and float new products. It also enables businessmen to increase the scale of their operations and to upgrade their products in time.

(ii) Research and Development: Debt financing allows the process of research and development. Loans taken from banks can be used to accelerate R & D activities. Earning potential of the company increases when the research hard products are floated in the market. The new innovation, besides increasing companies reputation, also reduces its cost of production.

(iii) High Profit: Due to expansion of business and use of new techniques the revenues and profits of the business also grow. Huge revenues means that there will be a room for further expansion of the business. Higher profit can also be used to repay the bank loans. Thus increasing the solvency of business.

(iv) Ease of Working Capital: Debt financing helps in maintaining adequate working capital of the business. It also provides a room for making regular payments easily.

(v) Revival of Sick Units: Debt financing may be used to give a breathe to the sick industrial units. The organization’s loans can be rescheduled and new credit can be taken for such units so that they can start their production. Besides providing finance, proper supervision and guidance should also be given. All this will rehabilitate the sick units and can help them to be successful and profitable units.

(v) Saving from Insolvency: Debt financing may be used to save the business from insolvency. In case any essential payment is to be made and there are not enough equity funds then a loan can be taken to make payments and to save the business from insolvency.

(vi) Tax Advantage: As the interest charge is subtracted from net income before applying tax rate, so this leads to lower tax liability.

Demerits of Debt Finance:

Following are the demerits of debt financing:

(i) Interest Payments: Very huge amount out of net profit of the business have to be paid on account of interest on borrowed capital.

(ii) Depression: If a business comes under depression and losses occur, then the payments of interest could become a great problem due to inadequacy of funds.

(iii) Suit Against Business: Creditor can file suits against business if business fails to make …

Nov
21

Psalms For Prosperity

The psalms of the Bible are a literary treasure chest of prayers for prosperity. Below is a list of which psalms to recite for common financial requests. In some Catholic and Santeria traditions, you say the prayer or write the prayer out after lighting a candle. You may also recite the prayer as many times as you want to transform it into a kind of a mantra.

Psalm 1: To disarm office gossips, discourage those who would harm your reputation

Psalm 3: To conquer fear of poverty

Psalm 5: To ask for a special financial favor

Psalm 6: To ask for mercy from creditors

Psalm 7: To ask that blocks to progress be removed

Psalm 8: To improve confidence, to bring customers to a business

Psalm 10: For encouragement, self-confidence and stamina

Psalm 11: For mercy, tenderness and compassion, to triumph over enemies when backed into a tough corner

Psalm 12: To over come gossip, bad rumors or attacks on reputation, to overcome anxiety

Psalm 13: To overcome anxiety, when backed into a corner

Psalm 14: To renew faith that the universe is unfolding as it should

Psalm 18: For protection of the home, deliverance from enemies

Psalm 19: To receive daily blessings, increase faith in the idea that the universe has a supply for every demand

Psalm 20: For a favorable verdict in court

Psalm 21: To increase one’s spiritual vibration to invite prosperity into one’s life.

Psalm 22: For deliverance from difficult financial situations, when you feel hopeless or backed into a corner

Psalm 23: For serenity, peace of mind and stillness of the spirit, to help access the higher self

Psalm 24: To calm disturbed thoughts, anxiety and still the subconscious and the spirit, relieve fears of the future

Psalm 25: For inspiration, to access the higher self

Psalm 26: For success in financial matters, to gain confidence

Psalm 28: To disarm adversaries, make peace with an enemy, invoke tenderness, mercy and kindness

Psalm 29: To raise your vibration, to purify the home

Psalm 30: For patience and acceptance of divine will, to understand that time brings what we need when appropriate, as a thank you for many blessings

Psalm 33: When feeling fearful

Psalm 35: For victory in a court case

Psalm 36: For when you feel cursed and for protection against the evil eye, to receive divine blessings

Psalm 37: To overcome jealousy, envy, resentment and disappointment, to become serene and still

Psalm 38: For protection in court

Psalm 39: For the courage to confront any problem, to conquer fear

Psalm 40: For the reinforcement of faith in God, to still the mind when you are feeling frustrated

Psalm 41: When feeling depressed or betrayed

Psalm 42: To reinforce the connection between your personality and the higher self; to open channels of opportunity

Psalm 43: For mercy when you find yourself in an unjust situation

Psalm 44: For mercy when you find yourself in an intolerable or unjust situation; to strengthen faith in God

Psalm …