In the last article we looked at a few of the things you should consider before leasing that first office or storefront for your business. To recap, you should not only consider the old standard "location, location, location," but also consider things like sufficient parking, the number of employees who will be working onsite, and future growth projections. I stressed that it was important not to get caught up in the moment. You should take your...more
Break-even analysis is a good tool for quickly determining if an idea has any legs under it. It is not meant to be used alone as a sole decision making tool. Most business formula-tools work better when tracked over time and compared with other decision making tools, including the owner's gut instinct.Break-even needs you to track your direct costs. Direct costs are expenses that only occur when you sell a product. Examples of direct costs are...more
Reduce inheritance taxes by giving gifts!The inheritance tax is the same thing as the estate tax in the United States, but with a different name depending on the country that you are talking about. The inheritance tax is a tax that is supposed to be levied on the richest people after they die, especially if they have a considerably large estate at that point in time. However, this is not always the case, and in fact, a lot of people find that they are being forced to pay an inheritance tax even though they do not have a particularly large estate. The reason for this is that housing costs continue to increase - and since your house is considered to be one of your assets, it is included in your estate.The inheritance tax is considered by some people to be a highly unfair tax due to the fact that the people who owned the estate had already paid their taxes before death. However, the inheritance tax is still in effect, and it can cost anywhere between forty and fifty percent of your estate over a certain maximum amount. Depending on where you are, that amount will change. Essentially, anybody who has more than that base amount in their estate will be charged 40-50% of any assets that...more
When you engage in factoring or selling your accounts receivable, you're accepting less money for an asset than you might expect to get for it. But there are great reasons for factoring and here are 10 of them:1. The ready cash you'll get by factoring will help your company to grow. If you have $2000 ready cash in the bank, but you've invoiced for...more
Time...It is ever moving and so easy to lose track of. Whether you are an engineer, a supervisor, a counselor or a nurse, productivity is important. We are all controlled by cost-effectiveness and billable hours. In this article, we will discuss several time wasters and ways to increase your productivity.1. Identify, eliminate, prioritize,...more
What are affiliate programs, and how can I turn them into a money making opportunity? If you find yourself asking these questions time and time again, you will want to look into what affiliate programs are all about. The fact of the matter is that affiliate programs make for a great home business idea. Although it is not simple to make money through affiliate programs, once you have established yourself you will be well on your way to success. Before anything else, it is important to remember that you need to be persistent when dealing with affiliate programs. Only over time will you begin to see results; unless you already have an established website with a lot of traffic. If this is the case, all you need to do is add your affiliate programs, and look for ways that you can drive people to them.First off, you need to learn the ins and outs of affiliate programs. The main reason that this can be difficult is that not all affiliate programs are the same. In fact, each one is going to be different than the next; even if the premise is along similar lines. Generally speaking, companies set up affiliate programs so that they can make more sales without having to put in as much work. As...more
I am sure you know the problem, every month counting the days to pay day, worrying about your finances. I think that just about everyone at some point in their life has experienced this.Unfortunately, many people hear the adverts from the loan...more
When bills start to pile up too high, it can be difficult to keep up with payments. One option to solve the issue of having too many bills is to seek a second mortgage loan. However, if your credit is less than desirable to lenders for obtaining a...more
An IRS levy is an order from the Internal Revenue Security directing TVA to withhold a specified amount of an employee's pay to satisfy a tax debt. If the IRS determines that we owe back tax then it may issue an IRS levy requiring the deductions from...more
In the age to steaming gadgets that govern your business it gets necessary to use the right way to communicate in business, that is, proper business communication. Today we send fewer letters than we used to do earlier but the speed and low cost of...more
One of the biggest challenges faced by the home business or small business entrepreneur is to provide direction to their company. Many people simply start up a home business in their spare time with the hope that it will make money and eventually...more
Summary: The global economy has been a fact of life for decades now. But the author asserts that most leaders don't understand the right kind of leadership to propel those organizations to great global success. Here is a blue print on how to make...more