Monthly Archives: November 2016

Archive of posts published in the specified Month

Nov
20

Your Business Mission – What the Heck Do You Do, Anyway?

Do you really need a business mission statement? Is it just some fancy words to put in that business plan that collections dust on your shelf, or is there really more to it?

One of the key attributes of successful businesses is that they clearly know what they do. Defining the goal or the "mission" of your business can be the key to your success.

A good mission statement does three things:

"States what business you are in." Defines your target market. "Provides inspiration for your business.

One of the best examples of a mission statement comes from Levi Strauss & Co. [http://www.levistrauss.com/Company/ValuesAndVision.aspx]

"We will market and distribute the most appealing and widely worn apparel brands. Our products define quality, style and function. We will clothe the world."

Clothing the world is a pretty lofty goal, but Levi Strauss has the ability to do this for one reason — Their founder, Levi Strauss, started the business with a mission and focus.

Levi started his wholesale dry goods business in San Francisco February, 1853. Rather than hoping to make his fortune in the Gold Rush, he created a fortune by wholesaling clothing and fabric to the small stores supplying the thousands of miners and later, families of the West.

In 1872, he was contacted by Jacob Davis, a tailor who had developed a method to rivet the stress points of the pants he made from fabric he bought from-you guessed it — Levi Strauss. Jacob did not have the funds to patent the process, so he teamed up with Levi Strauss to patent the original blue jean in 1873. The rest is history.

Now, if Levi Strauss was your typical small business, he would probably have spun off in ten different directions in their early years, but the company remained focused on supplying quality clothing and fabrics to the working men and women of the West, and later the world. Rather than focusing on their core market, they would have fallen into the AFAB method … Anything for a Buck.

Most small businesses suffer from this lack of focus.

When we work with struggling business owners, the first thing we ask them is "What is your bread and butter?" What one product or service provides you with the majority of your business profit?

Unfortunately, most business owners can not answer that question. They did not define their core product or service and target market when they started, and end up doing a little bit of everything, and nothing well.

Or, they focus most of their time on a product or service line that they like, without knowing whether it actually is their most profitable.

Fortunately, there is an easy fix for this problem.

You have to determine your gross profit margin from each of your product lines or services. Get together with your accountant, and figure out what you need to do to separate your revenue and expenses by the major product lines of your business. Then, you can find out …

Nov
19

How You Can Make Money on the Internet Starting With No Money

If you have no money to start, you can learn to earn money on the internet. You will need to invest time, effort, dedication and patience. Above all you will need to focus your effort, and not get distracted by all the email promotions. Just keep in mind you can make money on the internet with zero investment. You may be shocked and find it unbelievable that you can actually earn money on the internet starting with no money. There are however people who started with no money, no website and no product, and they are now earning money.

Some of these people are approaching a lot of money and others are only expecting a little amount of money. How much money you can make on the internet depends on how much effort you are willing to invest, how willing you are to learn through researching the available free training. Are you curious? Do you want to learn how it is possible to make money even if you are broke? You can make money on the internet with a program called affiliate marketing. You may have heard of affiliate marketing before. There are many companies who offer affiliate programs including many Fortune 500 companies.

You can earn money through promoting their peoples products and encouraging potential customers to visit there website. If a customer you referred to them, purchases a product or service, or in some cases if they just register with the company, you will be paid a commission. The responsibilities range from a few percent of the purchase price to as much as 75% of the purchase price. The higher missions are generally paid on knowledge products sold on the internet. Fortunately the training research is not difficult, because training is usually provided by the companies which products you will be promoting. These companies give the training because they want you to succeed, and send them lots of customers. The more customers you send these companies the more money they make.

Remember they do not pay you without you send them buying customers. They can afford to invest a little money to develop good training material. The training material gives larger numbers of successful affiliates, and increases the companies sales. The training is available in written form, video courses, and web seminars. You may want to check the training provided by more than one of the major affiliated sponsoring companies. They all have their own approaches to training and different different marketing strategies. You can find companies who offer affiliate programs through your web search engines. Just enter "affiliate program" on the search engine. You can be more specific, and enter something like "affiliate programs digital products" or "affiliate programs weight loss products". Remember you can make money on the internet! If you do not have any money to start, just get on your computer, or borrow a computer. Follow these steps:

  • Search for affiliate programs
  • Find affiliate programs that offer training
  • Register in the affiliate program
  • Complete
Nov
17

The Advantages and Disadvantages of International Money Transfer Online Services

Advantages and disadvantages are attached to everything on the planet Earth. As far as money sending concerns; although the advancements in IT have made it possible to send money online in minutes, yet the dark side of the picture can not be overlooked along with appreciating the bright aspects. At first, let us take a view of the advantages of international money transfer online services:

  • The first and the most prominent benefit we get from these services is the rapidity. Gone are the days when people had to wait for weeks for transaction of money. At present, you can transfer money online from one place to another in minutes.
  • Various banks have featured power transfer, which enables you to track the money online whether you are a recipient or a sender of that money.
  • Lots of banks have featured remittance. With the help of this feature, you can receive money in your local currency and use right after you receive it.
  • Another benefit is that you can send money straightly to bank accounts via online banking now-a-days.
  • Online money transfer services have provided a platform to online business-groups where they can move fast and grow rapidly without wasting time in the formalities of sending money offline like waiting for the checks to clear.

Having walked through the advantages which online money transaction offers, now let us turn to the disadvantages it bears.

  • The weightiest disadvantage is the transfer fee taken by international money transfer online services. You must have to pay some fee to them, otherwise it is impossible to utilize the services.
  • Sometimes involvement of credit card and debit card in online money transfer leads to losses. In other words, you money is not hundred percent secure in process.
  • Some websites are used to keep money temporarily in case money is not sent directly to bank account. The user passwords for these websites can be hacked by hackers resulting in the loss of money.
  • When you send money online, you have to face the technical difficulties of the process.
  • You have to be patient because long queues are quiet usual in online money transaction.
  • The quick transaction in debit cards causes difficulties in recovering lost funds.

By and large, online money transfer services are neither from heaven nor from hell. In spite of all their advantages, lots of people rely more upon offline money transaction. And in spite of all their disadvantages, a huge percentage of the world population utilizes international money transfer online services on regular bases.…

Nov
16

One More Article About Auto Insurance

What Is Auto Insurance?

Auto insurance is a product that is purchased and also that can pay for damages to your vehicle or others’ vehicles in the event of a car accident or non-accident related harm. Each state has its laws regarding the amount of car insurance that each person should have to be able to drive legally. Many different factors influence auto insurance rates, as well. It does not even base on various companies; it is up to the insurance industry to determine what car insurance is and how much each person will pay for auto coverage.

What is car insurance? It seems like a very fundamental question. However, there are many different facets and elements to consider about car insurance that it can get complicated very fast if you’re not that prepared for what you’re getting in. You need to know how rates are more calculated what types of coverage are available, how much coverage you need or can get, and which companies offer the best auto insurance for your needs.

What Does Auto Insurance Cover?

Auto insurance is used to protect you the individual or a business or organization from financial loss in regards to a motor vehicle. Financial loss can happen due to many reasons, and having auto insurance can cover your losses in a variety of ways.

Liability for Property Damages

Responsibility for property damages is coverage against damage you or a person driving your vehicle with your permission does to someone else’s property. Costs can include the other vehicle, utility poles, fences, buildings, homes, businesses, or almost any type of structure your car comes into touching.

Collision

Collision coverage usually protects your vehicle from damages resulting from an accident with another vehicle, pothole, car flipping over, etc. Collision coverage will pay for repairing your vehicle, or if your vehicle has damaged in the accident, it will reimburse you for the value of the car subtracting deductible and in many cases other costs.

AUTO INSURANCE IN THE USA

Auto insurance is a necessity, and this is amply evident from the fact that all states of the USA have made it mandatory to have car insurance on all vehicles. Most of the time, this appears to be a bothersome exercise, but why to wait until you get involved in an accident to find out how taking an auto cover takes care of your assets and you. High medical expenses and lawsuit judgments on the rise make it worthwhile to protect yourself and your precious vehicle with car insurance.

Furthermore, all jurisdictions have made it compulsory to have two auto insurance systems – the no-fault system, and the Tort system. The former type of insurance favor in most states dictates that your insurance carrier shall pay the injury claims no matter who caused the accident in reality. The amount payable is up to a specified limit, and if you are involved in an accident, your carrier is liable to pay for the injury. As against this, the …

Nov
15

Earning Money Online Through Cashback Websites – Earn Money As You Shop Online

If you find yourself reading this article then there's probably quite a high chance that you have made a purchase online, as now a days the amount of shopping done online is vastly increasing. I estimate that around 90 percent of the amount of people who shop online are completely unaware of the existence of cashback websites.

A cashback website is a site which you can use when you purchase something over the Internet. The website will contain links to thousands of online shops, and they will be able to track you as you make your purchase. They will then reward you with money for making your purchase, the amount which you receive would depend on the relationship that the cashback website has with the retailer; which depends on the percentage of commission you will earn.

Many individuals and websites earn money from sales commission. This is basically where you advertise a retailer or product on a website, typically by displaying an advertisement or a banner for that company. When someone clicks on to that banner, a cookie is created (something that tracks the individuals actions on the Internet), and if that person goes on to purchase an item, the website owner will earn a commission. Usually commission is around the 5 percent mark. Cashback websites work on exactly the same principle, except they give part or all of the commission earned back to the person who purchased the product in the first place.

Most cashback websites are completely free to join, as most of them do not give all the commission back to the user; they will have a certain margin set up which they will keep to themselves. However some cashback sites will charge the user to join up, and this fee is usually taken from that users earnings. The best cashback websites are free to join, and it's best to avoid the cashback sites that ask for a fee up front as they will probably never pay you any money.

The best cashback websites have just about every shop listed on their site, and if you can not find what you're looking for you can usually suggest an online shop and they will try and add them to their site. There are thousands of online retailers available on cashback sites, you can earn money when purchasing DVD's and music at Amazon, get cashback on your groceries at Asda or Tesco's, get money for joining online betting sites, the list does not end.

Usually the rate of cashback is around the% 5 mark, which means if you spend 100 pounds you will earn 5 pounds cashback. Obviously this is not a huge amount, but if you are spending money buying the item then you might as well get it for as cheap as possible. Cashback is not always paid as a percentage rate either; sometimes you can get paid set amounts for doing certain tasks. For example, join an online betting site like Skybet and make a bet …

Nov
14

Making Money Online Demystified

Starting an online business is just like starting a traditional business. You have to invest in time and money. Just like traditional businesses some online businesses end up being failures. Success is not an overnight process and there is no guarantee that everyone will have the same success. Anything can be sold on the internet. The net is the most cost-efficient, instantaneous, exciting and effective way of marketing products and services around the globe through modern telecommunications.

Attributes that have made entrepreneurs succeed in the traditional business also apply to online business. Every successful business starts with a good plan. Online business is no exception. Entrepreneurs who succeed are those who take calculated risks. Perseverance is also a necessary attribute. Some people have quit when they are on the verge of success

In all life situations success comes when there is desire to achieve the goals set. Desire can only come about if one can clearly identify the benefits and rewards resulting from achieving the goals. The internet has enabled people to fulfill their desires of becoming their own bosses and becoming rich.

The internet is now full of the dot-coms and most of these promising riches within few days if not hours without much effort from you. Some of these gurus promise you that you become rich while doing nothing. This is a lie because the same gurus spend sleepless nights working on the products they sale you. The truth is that for any business to succeed there should be some investment in time and money. Above all you should provide a unique service. If you do not have the time you pay other people to do it. . There are no big secrets to making money. There is no need to try to reinvent the wheel is, just look at what other people are doing and do it differently. The key to internet business success is marketing the product effectively

Time

Initially time will be spent on planning. You have to decide on the type of online business to start. Like the traditional business this may take some time because there maybe some need of research. You may need to spend at least two hours a day attending to your business, when the website is up and running. The time spent is dependent on the type of business chosen and the tools at your disposal.

Money

Money is one of the main requirements of any business start-up. One of the advantages of starting an online business is that it has lower start-up costs compared to the traditional business. The main costs are for domain name registration, website, hosting fees and advertising. The most expensive part of advertising is generating traffic to the website. I believe internet marketing is the key to internet success, especially if you have limited resources

Affiliates

Affiliate programs are the best option to start online if one does not have sufficient time, finances and expertise on internet business. The risk is minimal

Because of …

Nov
14

Do You Know What a Financial Asset Is?

In the mid-1990s, and man named Robert Kiyosaki wrote a book called Rich dad, poor dad. This book was one of the first books that said your house was not a financial asset. Many people at the time argued that your house is an asset. Different people define a financial asset with a different definition. We are going to go over the various definitions that different people use.

If you live life according to Robert Kiyosaki’s principles, then a financial asset is something that gives you money each month, quarter, or year. If you were to quit working today, your financial asset would continue to bring in money whether you did anything or not. That is what he defines a financial asset as. Robert also defines a financial asset as something you can sell and turn into money, but his first principle of an asset is something that gives you money each month whether you work or not.

Other people define an asset as something you can sell them turn into money. Different examples of these types of would include money in your bank accounts, stocks, bonds, and mutual funds. Your 401(k) and any other retirement money that you have set aside are also considered assets.

Bankers allow you to count personal possessions as assets, such as your boat, car, and jewelry that you have. When you are applying for a loan, if you have more financial assets in the form of a boat or car that is paid for, the banker will look favorably on this. Of course your banker will consider any mutual funds, 401(k) retirement accounts, cash in the bank, and stocks as an asset to.

We all have different definitions of what an asset is financially and I urge you to look into yourself and see what your definition is. If you are considering your car a financial asset, consider this question. How much did you pay for your car and how much can you sell your car for? If you cannot sell your car for the amount that you paid for it or more, I suggest that it is a financial liability. Losing money on a position should not be defined as an asset, no matter what the situation. Sit down with the pan and paper and write down what you think an asset is. Write down what you currently possess that is a financial asset. Can you sell it today if you had to? If so, would you be able to get more for it than you paid? Understanding the difference between as asset and liability can mean the difference between becoming rich and staying poor.…

Nov
13

The Cheapest Form of Personal Transport – The Scooter

Actually the cheapest personal transport contraption is the pedal-powered bicycle. You might even say that’s not correct, the skateboard is. Okay, no argument there, but when it comes to motorized vehicles, few will argue that scooters make the most economical sense for a personal vehicle. Until they can make a two seater car even cheaper, the scooter is king of the road.

Defining what Cheap Means

In the world of motorized driving, going cheap can have different meanings. Compact cars have become cheap in the sense that they are the most affordable 4 wheelers on the road these days. Going for unheard-of brands online can be considered dirt-cheap as they want to break into markets dominated by the major auto makers and having the lowest sticker price can be their best bet.

But scooters are an entirely different breed. While are they generally categorized as part of the 2-wheel motorbike or motorcycle, scooters have long remained to be a short-distance runner reserved for kids and ladies commuting within villages. Their engine size getting no more than 250cc guarantees that they will remain the most affordable means of commuting. That’s what it means to be cheap.

Fuel Efficiency at Its Best

Not only are scooters the cheapest personal transport, you get to enjoy the best mileage at anywhere between 60 to 100 miles to a gallon depending on the model. The raw money savings are just too dramatic to overlook. People have known the scooter to be a sensible way to get to their destination ever since they became commercially available after WWII with the Italian Vespa scooters.

The Japanese Honda and Yamaha brands extended that across a wider market around the world starting in the 60s. They had developed a good following for people commuting on short distances and have never waned in terms of appeal. But the technology remained as they often use 4 stroke 50 cc engines on a light body that accounts for much of their fuel efficiency.

Now with the pump prices reaching their summit historic highs with a threat of dwindling fossil fuel sources, the scooter has made a more welcome comeback. As early as 2005, sales of the scooter have soared to record highs. Even earlier, countries like India and China have gone to it with millions traveling down their major roads everyday.

You now have Indian, Taiwanese, Korean and Indonesian auto makers getting a share of the scooter markets. You almost can’t go wrong getting any brand as long as adequate after-sales technical support is there.…

Nov
12

How to Outline Your Financial Goals

People save and invest to improve their quality of life. However, it is easy to make mistakes that can cause stress and cost you money. You can avoid those mistakes and keep your investment on track by outlining your financial goals.

It is a common investment mistake for investors to have no idea why they are investing. So, you should ask yourself…

Why are you investing?

Do you know why you are investing? What are you going to do with your money? What is most important in your life?

“Making money” is not a good enough reason to invest. How do you see yourself spending your money in a year? Five years? Ten years? If you can clearly explain your goals, you have taken the first step toward making your own investment plan.

With that in mind, write down your financial goal. One simple sentence is all you need. For example, you can write “buy a home”, “pay for college,” “start a business,” or “retire as a millionaire!”

Next, write down the amount of money you think you will need to accomplish your goals.

Don’t worry about trying to fit in every little cost. You can always revisit your target later when you check your performance. Focus on your goal, and try to write down a target number.

This number will be different depending on your goal. For example, maybe you’re buying a $100,000 home, you may want to save $10,000 for a down payment. Maybe you need $5,000 to start a business or $50,000 to pay for college. If you don’t have much money to invest, you can make up for it by investing over a long period of time.

Finally, consider the importance of your investment goals. How important is your retirement, your kid’s college tuition, or your down payment on a house? The importance of your investment will give you an idea of your risk level.

Every investment has risks.

You don’t want to take too many risks. However, you need to take some risks to earn a reasonable return. Also consider the amount of time you will be invested. If you have more time to invest, you may be able to take risks and still catch up if you run into trouble.

Ask yourself if you are ready to invest before you move on. Be honest with yourself.

You may not need to invest your money. Would you be better off paying off your debt? Can you afford to just save your money rather than invest it? Make sure you can commit enough money and time to investing.

It is important to stay motivated toward your goals and keep them in mind when you invest. Every investment decision you make should move you closer to your goals. You should be willing to learn, improve, and work toward your goals as you invest.

If you can stay committed and keep that motivation toward your investment goals, you are much more likely to succeed!

A. Michael …

Nov
11

Dental Insurance Covers for Your Worries

Dental treatments can put a serious dent on your finances, and it's but fitting that you take advantage of every opportunity to finance it through insurance coverage. The problem with this option is its limitations; cosmetic dental procedures are severely covered by insurance, if at all, and you're often required to pay for the treatment and professional fees out of your own pocket. The next time you consider teeth whitening or porcelain veneers, think of the cost first, if you're able and willing to commit. Some treatments also come with a significant upkeep. Dental implant placements require multiple sessions, and the cost of the procedure is placed on each tooth, depending on the placement area.

Make sure your dental treatments are covered as far as your plan will accommodate, and your dentist should always be aware that you prefer subsidized treatment. The cost is always determined during the consultations, and it helps if you're up front with your dentist. In this way, all cost-efficient alternatives are considered, and you can choose which one you're willing to settle for. You'll spread yourself the problem of paying for the treatment after the fact. Delayed gratification is always the better option. Some treatments require recovery periods, and you do not want to add the costs of the procedure to the workdays you'll lose recovering from it.

The rates also vary between states, and you're better off familiar with the average costs of procedures. Finding out estimates is easy enough, just check out your local dental association's website, enter your zip code, and confirm the going rates. Your dentist can not contest this, but you should not settle for surprises just the same. Negotiate the price until you're comfortable or satisfied, lawyers will accommodate requests by reducing the professional and laboratory fees. Your bargaining skills will pay off, in the hundreds or thousands dollars.

An alternative to dental insurance you can consider is a discount plan, and it also varies between states. These depend on the participating dentists and clinics and your area, but you can avail as much as 60% discount on certain dental procedures, a significant lop-off of your treatment's cost. Dental coverage is usually voided in discounted treatments, but consider yourself fortunate if your clinician accommodates compound savings. If you're really desperate about cheap savings, then you can sign up for treatments at dental schools instead. Students welcome volunteer to participate in their practicums, and the treatments are absolutely free. The only tradeoff: students have yet to earn their license, so there's a risk your treatment could turn for the worse. …