5 Ways a Document Management Service Can Improve Your BusinessDocuments can be the bane of any businessman's existence. Documents are a fact of life in the business world. From advertisements to legal contracts to protocols, from business plans to presentations to spreadsheets, almost every person in a business has some contact with a document. In most businesses, several people write, read and revise the same documents. This process can...more
A lot of online entrepreneurs are under the impression thatthey have to do everything themselves and be everything toanybody. They want to do it all. The want to be theinventor, the creator, the author, the accountant, thegraphic designer, the web designer, the copywriter, thetech guy, etc. This is very inefficient.Do only the things that you do well and then you paysomeone else to do the things you aren't good at or take along time for you to...more
Why it's better to have residual income and not solely depend on paycheck income? Residual income by definition is income earned by an individual that are generally coming from his assets at hand. It allows a person not to worry anymore spending 8 hours a day in the office working as his personal assets are now earning money for him.The current practice for people in earning a living is by getting a job and work either on an hour or annual basis. They have salaries or paychecks that they receive usually on a monthly basis and this allows them to buy the things they want, travel to places they want to travel or simply buy anything that their paychecks allows them to buy but the happy story ends where the money has been spent already and people have to continuously report back for work and continue on with their current jobs again and again. Their paychecks do arrive again and again but so does the effort for them to continue working for that hard-earned money. People can aspire for higher salaries by getting promoted in their current companies or they can opt to aspire for higher paying salaries with other companies. They can get a higher education, maybe an MBA degree and be...more
A duopoly is a situation in which two firms control nearly all of the market for a product or service. Duopolies can be surprisingly competitive. If you remember that the price of a product or service is determined solely by the highest losing bid price and the lowest losing ask price, you'll realize why a duopoly can be so competitive. A large...more
Why is a value investor writing about an unprofitable internet company? Because value investing is about finding dollars that trade for fifty cents; with a market cap of less than 75% of sales, Overstock.com (OSTK) looks like it may be exactly that. But isn't it too risky?The greatest risk in any investment is the risk of overpaying. So, the real...more
In the UK, Banks have been ordered by the financial watchdog, the Financial Services Agency (FSA) to refund Mortgage Exit Fees to clients they have overcharged when they redeemed a Mortgage. This is of major significance to those involved within the areas of Debt Management, Debt Settlement and Bankruptcy in general as these figures could be quite substantial overall.Long overdue, this affair could cost in excess of £300 million at the end of the day. Part of the problem lies with potential conflict of interest scenarios whereby the conveyancing quite often is carried out by the Banks own appointed "Panel Solicitor" who are unlikely to question too deeply any of the banks own imposed charges. The Lawyers don't want to offend the Lending Institution by questioning the validity of the charges as they don't want to be removed form the Lenders Panel of approved Solicitors - it's an incestuous business and if you can always try and get an independent Lawyer to work for you in transactional cases like these.Simply put, this situation arises from the following. At the outset of any agreed Mortgage or Loan there is always the fine print that entails what additional charges there are that...more
Years ago I gave a consulting client a one-word solution to overcoming his business challenges. The one word was, "FOCUS." At our weekly meetings I emphasized the importance of focus for this successful entrepreneur seeking even greater success. We...more
What is an Individual Voluntary Arrangement (IVA)An individual voluntary arrangement begins with a proposal based on your financial circumstances and how much you are realistically able to afford to contribute towards an IVA, either on a monthly...more
When I speak with many website and business owners, I usually get asked this question over and over gain. And that is "what can I do to get more customers, clients or subscribers? Well there's a 1001 answers I can give that question. Because there...more
Q: How important is the name of a business? Should the name of a business reflect what the business does or is it better to come up with something catchy and easy to remember? -- Randy P.A: What's in a name? When it comes to your business, Randy, a...more
Reduce your tax payments by claiming an interest payment deduction.If you are busy paying off your student loans, the last thing you want to do is to pay interest on the money that you're about to give right back to the government. Luckily, in a lot...more
Do you know what "proceedings supplemental" are? If you are in the business of collecting judgments in Indiana, and from time to time virtually all secured lenders are, then the June 27, 2007 opinion by the Indiana Supreme Court in Rose v....more