The impetus for this article came from one of the 40 to 50 e-mails we get each week that go like this:"Dear Chuck & Sue,Can you recommend a business that will help me earn $10,000 to $20,000 each month. I need to start earning this type of money as quickly as possible.Sincerely,I want To Be A Millionaire By Next Tuesday"We kid you not. We get e-mails like this everyday. They are the types we call shoulda, coulda, and woulda.If you are a Shoulda,...more
There are always companies out there that you hear comments about like, "that's the best place to work," or "I heard they have the best benefits," and you occasionally run across a job ad that sounds like the position was custom-built for you.When you come across these types of companies or opportunities, it pays to be professional and persistent until you get a job there. It may only take a couple of months or it might take several years. You...more
The superannuation industry in Australia is going through a remarkable period of growth and media awareness. (We have all seen the recent frenzy of advertising activity, press and TV coverage.) Today, ordinary people are now realising that a Government pension won't give them the lifestyle they want in the years when they are not earning an income. The need to save money for the future is more than a hot topic, it has become a big wake up call to millions of workers who have low superannuation savings. The standard superannuation contribution by employers is currently 9% of your salary, but the reality is this is not enough to cover basic living expenses and bills in retirement, never mind that elusive trip of a lifetime overseas.So how about some easy ways to grow superannuation? Here are five top suggestions. 1) Regular contributions really add up. Starting early pays off. By putting more money each week into your superannuation account, (in addition to the 9% employer contribution) the difference can be remarkable. For example: if you added $50 a week starting from the age of 25, this grows to over $160,000 extra by age 60.2) Hold a garage sale. Turn trash into treasure. No...more
Are you ready to fill out a mortgage application and get your home loan process going? Consider applying for your mortgage online in order to get the best interest rate and the best loan program for you.There are many mortgage companies online that will offer you the option to complete your mortgage application online, which is very convenient....more
Being a trustworthy professional in business today mightseem obvious, but not always followed. This represents 95%of your business success.If you have a retail store that is a clean store, make surethe doors and windows are clean, make sure the store frontlooks good. Enforce that your employees stay clean and theshelves and floor are clean.If it's...more
If you're a small business owner applying for a loan or other credit, it pays to understand what lenders are looking for. From the point of view of the small entrepreneur the decisions that banks and other credit institutions make can often seem random. In fact, they are anything but.It's crucial to understand that lenders are not necessarily risk-averse. Providing credit has a built-in element of risk. By offering you credit they are, in effect, making a bet on the success of your business. Like all professional gamblers, lenders like to get as much information about their bets as they can, in order to manage and limit risk.So when they assess your business's suitability for a loan, they will look at the so-called "three C's": credit history, collateral and character.Credit HistoryEveryone is familiar with the idea of having their credit history examined when they apply for a loan. Every adult has a credit history and a credit rating based on that history. This information is shared among major lenders.Clearly companies, like people, also have credit histories. The ratings based on these are sometimes called institutional credit ratings. When you request business credit the...more
No, this is not going to be a racy article, but it is a valid comparison of the topic at hand. For those who are native English speakers, that phrase in my title usually has to do with reproduction. That's a topic I want to discuss with you in your...more
There are a myriad of things you must think about when opening any type of business whether it is a small business or a large corporation and one of those is how business law may affect you.Failure to pay attention to business and corporate law can...more
Peer out of your office door, what's your secretary doing right now? If you answered surfing the internet, taking a nap, or reading a magazine, it's time to rethink where your money is going. In an ideal situation, a secretary would be paid for the...more
So the time has come for you to purchase a home and take on home ownership.Home ownership will be perhaps the largest responsibility you ever take on in your life. But it will most likely be the most rewarding thing you ever take on in your life as...more
The DebtIn America, it is not only accepted that the majority of us are knee-deep in credit card debt, it is normal. Two generations ago it was just flat out wrong - a sin, to have any kind of debt at all. Today it is quite a different story and...more
A fundamental challenge of small business can be summarized as "too many tasks, too few people."Unlike large enterprises which can have whole teams devoted to limited tasks - think "Task force for the unification of stapler specifications and...more