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Business Opportunities



The original blog about business opportunities and business ideas for small business entrepreneurs



Updated: 2017-12-14T02:32:49Z

 



These 6 Business Ideas Are Ideal for Stay-at-Home Moms and Dads

2017-12-14T02:25:45Z

Millions of independent professionals and traditional employees work from home by choice. With so many perks of working just a few feet from where you sleep, it’s a wonder everyone doesn’t do it. Of course, stay-at-home moms and dads have less choice in the matter. These 6 stay-at-home business ideas all offer real earning potential. It's possible that any one of them could provide you with enough to replace a full-time income, and then some. The post These 6 Business Ideas Are Ideal for Stay-at-Home Moms and Dads appeared first on Business Opportunities. These 6 Business Ideas Are Ideal for Stay-at-Home Moms and Dads Millions of independent professionals and traditional employees work from home by choice. With so many perks of working just a few feet from where you sleep, it’s a wonder everyone doesn’t do it. Of course, stay-at-home moms and dads have less choice in the matter. If they want to work, they have to work from home. Good thing that’s not much of a sacrifice these days. These 6 stay-at-home business ideas all offer real earning potential. It’s possible that any one of them could provide you with enough to replace a full-time income, and then some.   src="https://www.youtube.com/embed/9XDNV3nw8GI" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   1. Virtual Assistant Coordinator Working as a virtual assistant isn’t a particularly lucrative gig, at least not for U.S.-based professionals. But what about for at-home business owners who own the means of production? Consider launching a boutique virtual assistant coordination service. Set your business apart from those race-to-the-bottom freelance platforms by offering hands-on service, higher-value tasks, and 24/7 availability. This is an eminently scalable idea. You’d be surprised how many North American professionals need someone to help with everyday work for which they simply don’t have time.   2. Fundraising Distributor Fundraising distributors work independently to promote fundraising opportunities. They work with educational institutions, churches, associations, and other nonprofit organizations. Earning commissions on successful sales, their work involves no travel and requires no meetings. However, working as a fundraising distributor isn’t always easy money. You have to have excellent people skills, the ability to recover from inevitable disappointment, and the determination to pursue a sale even after that initial “no.” But it’s not rocket science, either. According to the experts at ABC Fundraising®, distributors’ earnings over longer periods are directly proportional to effort and hours worked. In other words, like many honest business ideas, fundraising distribution is a numbers game. The more opportunities you create, the more successful you’ll be.   3. Day Care Demand for quality childcare services has never been higher. If you’re willing to submit to potentially stringent licensing requirements (which vary by jurisdiction) and enjoy spending time with kids, you can definitely carve out a niche as a daycare provider. Set up your at-home daycare business with a standardized curriculum that never loses sight of your most important mission: preparing little ones for the rest of their scholastic careers.   4. Animal Boarding Animal boarding is like childcare except for, well, the children. This job could work well for animal lovers with older children. Guides by Petful and The Balance helpfully lay out key considerations for anyone looking to start an at-home animal boarding business: Local zoning regulations. Are kennels allowed on residential property in your neighborhood? Local laws and licensing requirements. What does it take to remain aboveboard? Equipment. What will you need to keep your animal boarding operation functioning? Animal types and sizes. Will you stick to a single type of animal, or take a more eclectic variety of pets?   5. Selling Crafts and Reclaimed Goods It’s easier than ever to sell homemade crafts and reclaimed or repurposed goods online. What[...]



Businesses Need Good Credit Too: 5 Tips to Build Your Business Credit

2017-12-14T02:23:26Z

Every small business needs to start building credit somewhere. Here’s what you can do to build your company’s business credit. The post Businesses Need Good Credit Too: 5 Tips to Build Your Business Credit appeared first on Business Opportunities. Businesses Need Good Credit Too: 5 Tips to Build Your Business Credit According to the Small Business Administration, there are three main benefits to building and improving business credit:   Businesses naturally have larger credit capacities than individuals. This means they can borrow more—provided their credit is sufficient to convince lenders to take the risk Good credit can boost company value. This makes the organization more attractive to lenders, investors, and potential buyers Businesses with good credit have no need to rely on their owners’ borrowing capacities. This reduces personal risk to stakeholders.   In truth, this probably understates the case for building business credit. And it’s certainly not a complete accounting of why it’s important for companies to improve their borrowing capacity. There are plenty of other reasons to do so. Every small business needs to start building credit somewhere. Here’s what you can do to build your company’s business credit.   Establish Lines of Credit with Vendors Start by establishing lines of credit with your vendors. Initially, these relationships will be built on trust, and you’ll likely find yourself on a short leash. That’s fine. Once you prove that you’re a reliable partner, your vendors are likely to relax their terms. Then they will allow longer, larger lines of credit. It goes without saying that you need to honor the terms of your commitments to any and all vendor lines of credit to the letter.   Apply for a Business Credit Card …and use it responsibly. Refer to third-party reviews and comprehensive lists of the best business credit cards. Then choose the product that best fits your company’s needs. Initially, your spending limit is likely to be modest. You shouldn’t expect to qualify for a gold-plated rewards credit card right out of the gate. As your credit improves, however, your issuer may increase your credit line. And you’ll soon enough find yourself in line for a premium business credit card with an attractive rewards program and plenty of value-added services.   src="https://www.youtube.com/embed/aHlGF9dqtys" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Make Sure Your Payment History and Other Information Is Current with All Major Business Credit Reporting Bureaus Keep close watch on company information logged with each of the three major business credit bureaus. Start by opening a file with each bureau. Then check back periodically to make sure your payment histories and other pertinent information remain up to date. Even innocuous errors can negatively affect your company’s credit. This can jeopardize loan applications and other contracts.   RELATED ARTICLE: 5 STEPS TO BUILDING A ROBUST CREDIT PROFILE   Make Payments on Time Get in the habit of paying all of your company’s bills on time or early, no matter how large or small. This includes all overhead-related expenses: utilities, rent, office supplies (if purchased on credit), and the like. It also includes vendor invoices, business credit cards, and bank-issued lines of credit. Set payment reminders or enroll in autopay to reduce the likelihood that you miss a payment by honest mistake.   Avoid Credit Blemishes and Missteps Moving forward, avoid preventable missteps that can negatively affect your credit score. Education is the best weapon here. The components of your business credit score provide a road map for what not to do. For instance, average account age is an important business credit score factor. The older your active business credit accounts, the better your company appears on this metric. Likewise, bankruptcies and defaults can seriously affect your credit score. It goes without saying that you need to avoid t[...]



How Can a Small Business Repair Its Credit Score?

2017-12-13T05:17:21Z

As many people know, your credit history and credit score are vital when it comes to accessing affordable finance. Without good credit, you don't have access to services and products such as mortgages, car loans, and other forms of finance that we have come to rely on. Moreover, good credit scores are also important for businesses. But how can a small business repair its credit in order to access affordable finance? Here are some steps you can take to get your credit back on track if it is damaged. The post How Can a Small Business Repair Its Credit Score? appeared first on Business Opportunities. How Can a Small Business Repair Its Credit Score? As many people know, your credit history and credit score are vital when it comes to accessing affordable finance. Without good credit, you don’t have access to services and products such as mortgages, car loans, and other forms of finance that we have come to rely on. Moreover, good credit scores are also important for businesses. Imagine that you have a business and you need a business loan to expand. However, if your credit is damaged, you will struggle to find a lender who will grant you the loan you need. Even if you find such a lender, the interest rates might be so high that it will cost you a fortune to borrow the money you need. So, how can a small business repair its credit in order to access affordable finance? Well, there are credit repair services that can help you to get your credit into shape. In addition, there are other steps you can take to get your credit back on track if it is damaged.   RELATED ARTICLE: CREDIT CARDS: RELIABLE REVIEWS FOR YOUR SMALL BUSINESS   What You Need to Do The first thing you need to do as a business is to order a copy of your credit report. You need to see exactly what sort of shape your credit is in and what your credit score is. This is important, as you need this information so that you can determine where you can make improvements. It is also a great way to make sure there have been no untoward or suspicious transactions. These could be damaging your business credit score. There could be errors or out-of-date information that you need to rectify, as well. Once you have gone through your report, you will have a better idea of where the problems lie. And you’ll know what you need to do. There are a number of service providers that can offer credit repair assistance to businesses. It is worth looking at these to find out how they may be able to help. Also, by tackling any issues such as mistakes, out-of-date information, and unknown transactions, you may be able to improve your credit score.   src="https://www.youtube.com/embed/Ief60DhRrLY" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   What to Do About Late Payments Your credit report could show penalties for late payments on bills and business debts. If so, this is also something that you need to address. You need to make doubly sure that you make all of your payments on time. Only in this way can you gradually improve your credit score. As long as you continue to pay your bills on time, your score will slowly rise. Eventually, you will have access to affordable credit again. However, this is not a quick fix and it will take some time.   Check Your Credit Score and Your Credit Report Regularly You should also keep an eye on your credit score and your credit report on a regular basis while you are trying to improve them. In this way, you can monitor your progress. Make sure you regularly order and check your report so that you can determine when your credit is good enough to start applying for affordable finance. The post How Can a Small Business Repair Its Credit Score? appeared first on Business Opportunities. [...]



Considering a Career in Project Management? Read This First

2017-12-12T01:35:15Z

If you enjoy organizing and managing, procuring and leading, project management may well be a great career choice for you. And if you're the owner of a small business, keep reading. Project management training is ideal for CEO's, because project managers and CEO's face many of the same challenges. The post Considering a Career in Project Management? Read This First appeared first on Business Opportunities. Considering a Career in Project Management? Read This First If you enjoy organizing and managing, procuring and leading, project management may well be a great career choice for you. However, you’re going to need some training first, so get ready to crack the books. And if you’re the owner of a small business, keep reading. Project management training is ideal for CEO’s, because project managers and CEO’s face many of the same challenges. There are two basic certifications for project managers. They are the Project Management Professional, or PMP certification, and the Agile Certified Practitioner, or ACP certification. The Project Management Institute (PMI) offers both the PMP and ACP certifications. The PMI is a non-profit organization whose purpose is to develop standards, conduct and publish research, and provide accreditation in project management. The PMP certification is involved with managing the specific tasks that relate to project management. On the other hand, ACP is focused toward getting familiar with agile principles and applying agile techniques as projects move through their paces. In this case, the term “agile” refers to a fast-moving process that focuses on customer value, real-world developments, and frequent team interaction. You can obtain either certification at a PMP boot camp in San Jose, California. So let’s find out the difference between them so that you can decide which one is better for you.   RELATED ARTICLE: PROJECT MANAGEMENT APPRENTICESHIPS CHANGE THE FACE OF THAT CAREER   What Is the PMP Certification? A PMP certification will qualify you to lead a project management team to complete high-end projects. This certification is suitable for candidates who are already experienced project managers. So if that describes you and you are looking to move ahead in your career, a PMP certification might be right for you. A PMP certification will open the way for you to boost your career, face challenging tasks, get in touch with industry experts, and gain a lot of valuable experience. In short, it can help you make your career shine brighter than ever. To be eligible for PMP certification, you need to have at least a high school diploma or an associate’s degree. However, a bachelor’s degree plus work experience is even better. If you’re a diploma-holder, you need to have at least 5 years worth of non-overlapping experience in which you worked as a project manager. Those who have a bachelor’s degree need to have at least 3 years of work experience. Also, you will need to have earned 35 hours of project management training, in the form of Professional Development Units, or PDU’s.     What Is the ACP Certification? Software companies, in particular, lean toward a preference for the PMI-ACP certification for their project management needs. If you’re already familiar with the principles of the agile environment this could be the right certification for you. An agile environment is one in which teams collaborate in a responsive way to solve and complete projects. Someone with an ACP certification packs serious real-world experience. He or she is also familiar with how to apply agile methodologies to bring a project to successful completion.     Candidates who earn this certification need to maintain 30 PDU units every 3 years in order to maintain their ACP status.   src="https://www.youtube.com/embed/CTn0HYmMAYM" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   The Chief Differences Bet[...]



Does My Company Really Need Business Insurance?

2017-12-12T01:32:22Z

If you're a small-business owner, you might be wondering if you need business insurance. After all, you have plenty of expenses already. Why should you add another one? However, there are plenty of reasons to invest in business insurance. Read here to find out more about it. The post Does My Company Really Need Business Insurance? appeared first on Business Opportunities. Does My Company Really Need Business Insurance? If you’re a small-business owner, you might be wondering if you need business insurance. After all, you have plenty of expenses already. Why should you add another one? On the other hand, you might also wake up in a cold sweat some nights, imagining the worst. What if one of your workers were to be injured or even killed on the job? How would you pay the medical or—heaven forbid—funeral expenses? Or what if an employee made a simple mistake that turned out to be costly for one of your clients? Your client could end up suing you, possibly causing you to lose your business. Some types of business insurance are required by law. What’s more, the US Small Business Administration recommends that you consider insuring your business beyond the legal requirements, as well. All in all, there are plenty of reasons to invest in business insurance. Read on to find out more.   RELATED ARTICLE: 4 REASONS WHY EVERY ENTREPRENEUR NEEDS BUSINESS HEALTH INSURANCE   General Liability Insurance If your company is open to the public or your business depends on product sales, you need general liability insurance. This type of business insurance helps to pay for your legal defense when someone hurts themselves while they’re on your property or suffers harm from using one of your products. Companies in nearly every industry rely on general liability insurance, because it covers bodily injury, property damage, medical bills, and personal injury. Consider the case of Jane C. (not her real name), who owns a small upscale boutique. “An elderly customer slipped and fell as she entered my store on a rainy day,” said Jane when she talked about it later. “The lady broke her leg. She had to spend several weeks in a physical rehabilitation facility, and her physical therapy treatments lasted for months. Naturally, her family sued me to recover her medical expenses. Thank goodness I had general liability business insurance. Otherwise, I might have had to close my store.”   src="https://www.youtube.com/embed/_Er9FHIXQPY" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Business Owners Policy If you own an apartment building or a store, you should definitely have a business owners policy. That’s because this type of business insurance pays for property damage in case of disaster. What’s more, you can customize this type of policy for your industry and for your specific business. Additionally, you can insure property that you keep inside your buildings, such as equipment and furniture.   Workers Compensation If you employ people in your business, you need workers compensation insurance. Then too, in many cases, workers compensation insurance is required by law. This type of business insurance pays for any necessary expenses if someone is injured or killed on the job. It protects you and your family, your business, and your other employees and their families from financial liability.   Professional Liability Professional liability insurance will protect you and your business financially from lawsuits over expensive mistakes. For instance, this type of business insurance would protect you if your nightmare about the inept employee’s costly mistake were to come true. If that were to happen, and your client should happen to sue you to recover their losses, professional liability insurance would protect your business.   Business Auto Insurance If your business owns one or a fleet of vehicles, you must have business[...]



Providing This Kind of Value Is the Key to Creating Loyal Customers

2017-12-11T02:26:29Z

Commercial empires like Taco Bell, Target, and Walmart provide value, but it’s not what you think. They’re not providing anything new or hard to get. Focus on developing trust with your customers, and you’ll inevitably gain their loyalty. The post Providing This Kind of Value Is the Key to Creating Loyal Customers appeared first on Business Opportunities. Providing This Kind of Value Is the Key to Creating Loyal Customers Commercial empires like Taco Bell, Target, and Walmart provide value, but it’s not what you think. They’re not providing anything new or hard to get. Tacos are found on every corner. They’re cheap to make, and anyone can make tacos in their own kitchen. Everything you can find at Target or Walmart you can also find in plenty of other department stores. In reality, the value these companies provide is measured in low prices, convenience, and fast service. Walmart didn’t make it to the top spot on the Fortune 500 list for generating loyal fans. They just know how to expand, cut costs, and make money extremely well.   How Do Small Businesses Create Loyal Customers? What about the small businesses who can’t afford to take out a million dollar loan, expand their locations across the country, and drop $100k on inventory to get a bulk discount? Small businesses that don’t have the resources to expand like the big corporations still generate loyal customers. However, they provide value in a different way. Unlike giant corporations, most small businesses aren’t aiming to increase profits by finding cheaper sources. Most small businesses want to provide their customers with unbeatable value in the form of superior service and products. This is the kind of value most corporate empires skip.   RELATED ARTICLE: WHY QUALITY CUSTOMER SERVICE ALWAYS STARTS WITH A SMILE   Consistency Is Value, but It’s Not Enough to Generate Loyalty When a business doesn’t have the best product in the industry, the next best thing they can offer their customers is consistency. People are creatures of habit and they feel secure inside of routines. People want to know, without a doubt, that their cup of coffee is going to taste the same at every McDonald’s across the world. When they’ve experienced enough consistency to be sure of this, they’ll go out of their way to find a McDonald’s when they want coffee. What we’ve described above isn’t exactly brand loyalty, although it looks like it. There is a catch about relying on consistency to carry the value of a business. It is this: Customers would consider any other coffee shop with a decent cup of coffee and equal consistency an option.   src="https://www.youtube.com/embed/QK88gwrIKns?list=PL1756E17C14CDDD72" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Trust Is the Best Kind of Value to Provide Trust is what drives customers to try new products from the same business, and spend more money. It’s also what creates genuine loyalty that remains untouched by competition. Some industries rely on trust more than others. For example, there is a higher risk for companies that provide products that customers consume or use for healing purposes. Trust is what accounts for multiple thriving businesses, despite existing competition. For instance, the world of alternative medicine is a $34 billion industry. Included in that figure is the sale of popular natural herbs like maca, kava, neem, Kratom, and haritaki. Looking at this industry provides insight into what creates customer loyalty (outside of low prices and convenience) and keeps “competing” brands in business. For those already familiar with the healing power of nature, they’ll develop trust in a business that provides a high-quality product. They know the real deal when they get it. And if a new brand doesn’t measure up to their expectations of quality, they’ll move on. When a customer is new, not [...]



10 Easy Ways to Save Money in Your Business

2017-12-11T02:19:56Z

If you can find ways to save money in your business, and at the same time increase sales, your profit margin will naturally rise. With a sophisticated marketing strategy, you have some control over sales. However, you have a good deal more control over your bottom line when you apply the following money-saving strategies. Put the following ideas to work in your business, then use your imagination to come up with more ways to spend less money. The post 10 Easy Ways to Save Money in Your Business appeared first on Business Opportunities. 10 Easy Ways to Save Money in Your Business If you can find ways to save money in your business, and at the same time increase sales, your profit margin will naturally rise. With a sophisticated marketing strategy, you have some control over sales. However, you have a good deal more control over your bottom line when you apply the following money-saving strategies, too. Put the following ideas to work in your business, then use your imagination to come up with more ways to spend less money.   1. Buy in Bulk One effective way to save money is to purchase supplies and equipment only when you come across really great discounts. Another way is to purchase in bulk when it makes sense to do so. Use apps like Slice to keep track of your online purchases. Also, use RankTracer to learn about package deals and deep discounts.   2. Learn How to Do Content Marketing If you don’t feel you can afford to hire a content specialist, become one yourself. One good way to go about this is to contact experts in your industry and interview them by phone, email, or video call. Even better, meet with them face-to-face. Publish the resultant interview on your blog. On the other hand, if your writing skills are not up to the task, simply stay engaged in online community forums in your industry. When appropriate, comment on others’ entries and blog posts, sharing your views and asking questions.   3. Turn off Your Computers If you or your staff are in the habit of leaving computers turned on overnight, your utility bill can easily soar. Therefore, make it a practice for everyone in the company to turn off all computers before locking up for the day. You will save energy and your utility bill will go down.   4. Utilize Power Strips to Turn Off Appliances And to make it easier to turn off computers as well as other devices, plug your electrical devices into power strips. That way, when you leave your office for the evening, you can easily turn everything off at once.   5. Shop for the Best Utility Prices If energy prices are deregulated where you are, shop around to get the best prices for electricity and gas for your business as well as your home. Look online to find a reputable electricity shopping site.   RELATED ARTICLE: THE BASICS OF EFFICIENT INVENTORY MANAGEMENT   6. Renegotiate with Suppliers Daily operations in your company can cost your business a pretty penny. Therefore, work to keep your expenses to a minimum by calling all of your suppliers. Renegotiate your prices with each one of them to save money and get a better deal. You might be able to save as much as 25-30% simply by making a few phone calls.   7. Acquire Free Forms Don’t run to the local stationery store when you need to purchase forms for your accounting functions. Instead, look online for free forms you can download, customize, and print out yourself. You’ll find plenty of choices for just about any purpose you might need.   8. Purchase Second-Hand Equipment Buying second-hand equipment when you need office furniture, copiers, and computer equipment can save you as much as 50%. Check newspaper classifieds, social media, and auctions to find bargains. Or, get free coupons at Couponobox.com. There, you’ll find great deals and discounts on the equipment you need.   9. Use Free Software You can try out hundre[...]



What Qualities Should You Be Looking for in New Hires?

2017-12-08T06:25:07Z

Are you looking at taking on new hires in your business in the coming year? If so, look for people who have not only the technical skills the job requires, but also the soft skills that will make them a valuable long-term member of your team. The post What Qualities Should You Be Looking for in New Hires? appeared first on Business Opportunities. What Qualities Should You Be Looking for in New Hires? Are you looking at taking on new hires in your business in the coming year? If so, there are a few things you should keep in mind. It’s expensive and time-consuming to hire new employees. However, it can be even more expensive and time-consuming to supervise them closely or let them go if they don’t work out. So it pays to be careful when you hire for your business. Consider all aspects of the person’s qualifications and skills before you decide to hire them. There are plenty of good prospects out there, so there’s no need for you to take the first candidates who show up to interview. For years, the financial forecasts have been gloomy for job-seekers. Every candidate who shows up will clamor for your attention. However, with the information you’ll find in this post, you should be well armed against the onslaught of the multitudes. Take, for example, the experience of Thunderbolt online casino and other online gaming developers in their search for skilled programmers. They learned that, as well as technical skills, they also wanted employees with what’s come to be known as “soft skills,” those qualities that make an employee a joy to work with—and even indispensable over time. So whether you’re looking for employees in a technical field, or finance, sales, or middle management, read on to find out more.   RELATED ARTICLE: HIRING GREAT PERSONNEL: HOW TO GET IT RIGHT   What Are Soft Skills? Soft skills are those qualities that are sometimes referred to as people skills or emotional intelligence. These are the skills that enable a person to communicate effectively, think creatively, and be a valuable member of your team. Below is a list of some important soft skills to look for in candidates who show up to interview with you.   Flexibility Employees who can adapt to changing conditions and situations can be life-savers when things start moving fast. You want to hire people who can roll with the punches when changes in your business demand quick thinking.   Effective Communication Hire someone who says what they mean and means what they say. It might flatter your ego to have people around you who always tell you what you want to hear. However, your business will thrive if, instead, you hire—and listen to—people who will tell you the truth, even when it’s ugly.   Resourcefulness Employees who can come up with solutions to problems on their own, without a lot of hand-holding, are worth their weight in gold. They will save your company money in more ways than one, most often by not wasting your time.   Confidence Hire people who already see themselves as successful. These are people who will put forth maximum effort to attain future successes, both for themselves and for your company.   Creativity You might think that a lack of creativity is not a deal-breaker for the position you need to fill. However, someone who can think in innovative ways is going to provide your company with far more than you pay them for.   src="https://www.youtube.com/embed/jiDQDLnEXdA" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Leadership Leadership, too, might seem like an unlikely trait to look for in a candidate. This is probably especially true when you’re hiring for a lower-level position. However, leadership can show up in numerous ways, and we’re not talking here about the chest-thumping kind. Far from i[...]



Motivational Quotes to Inspire New Entrepreneurs to Never Give Up

2017-12-13T18:24:36Z

Try reading these motivational quotes once a day first thing in the morning. You'll find that when you feel inspired, your ability to take on challenges and work through obstacles will be much greater. The post Motivational Quotes to Inspire New Entrepreneurs to Never Give Up appeared first on Business Opportunities. Motivational Quotes to Inspire New Entrepreneurs to Never Give Up Are you a fan of motivational quotes? If you are going to start a new business, you should be. You are going to need a lot of determination and the drive to push yourself to a new level. While the Internet has made it much easier to launch a new company, creating a successful venture still takes a lot of discipline, skills, and the willingness to test your courage. Every day you will be called upon to do something that may be out of your comfort zone. This is why it’s crucial that you stay motivated and inspired each day. Never let yourself give in to the temptation to give up. Since we are entrepreneurs ourselves, we decided to come up with a list of motivational quotes and sayings. These are sure to keep you inspired when you might want to throw in the towel. Try reading these motivational quotes once a day first thing in the morning. You’ll find that when you feel inspired, your ability to take on challenges and work through obstacles will be much greater.   Our Favorite Motivational Quotes “Many of life’s failures are people who did not realize how close they were to success when they gave up.” —Thomas Edison   “If you believe it will work out, you’ll see opportunities. If you believe it won’t, you will see obstacles.” —Wayne Dyer   “A failure is not always a mistake. It may simply be the best one can do under the circumstances. The real mistake is to stop trying.” —B.F. Skinner   “As I look back on my life, I realize that every time I thought I was being rejected from something good, I was actually being redirected to something better.” —Dr. Steve Maraboli   “We all have great inner power. The power is self-faith. There’s really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.” —Arnold Schwarzenegger   “Don’t let the fear of the time it will take to accomplish something stand in the way of your doing it. The time will pass anyway; we might just as well put that passing time to the best possible use.” —Earl Nightingale   RELATED ARTICLE: WHY BUSINESS OWNERS SHOULD MAKE STUDYING A HABIT (AND HOW TO DO THAT)   Want More? Here You Go “Perseverance is the hard work you do after you get tired of doing the hard work you already did.” —Newt Gingrich   “Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” —Dale Carnegie   “When you get into a tight place and everything goes against you … never give up then, for that is just the place and time that the tide will turn.” —Harriet Beecher Stowe   “Feeling fear is human, but conquering it will make you feel empowered, courageous, and proud.” —Alex Niles   “When you are going through hell, keep on going. Never never never give up.” —Winston Churchill   src="https://www.youtube.com/embed/MmfikLimeQ8" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   “The best advice I can give to anyone going through a rough patch is to never be afraid to ask for help.” —Demi Lovato   “Keep Going. Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end.”  —Roy T. Bennett   “Never gi[...]



From Disheveled to Organized: Practical Tips for Better Inventory Control

2017-12-07T03:13:27Z

When you’re running an extremely small company with just a few orders coming in each day, inventory control isn’t something you have to think much about. You just do it. But when your company scales up and you begin receiving hundreds or thousands of orders a week, the need for a strategy quickly becomes apparent. Here are some tips that will help you take a strategic, proactive approach to inventory control. The post From Disheveled to Organized: Practical Tips for Better Inventory Control appeared first on Business Opportunities. From Disheveled to Organized: Practical Tips for Better Inventory Control When you’re running an extremely small company with just a few orders coming in each day, inventory control isn’t something you have to think much about. You just do it. But when your company scales up and you begin receiving hundreds or thousands of orders a week, the need for a strategy quickly becomes apparent.   4 Inventory Control Tips You Need to Implement Inventory control is something you probably don’t want to spend a lot of time thinking about. However, it’s one of those operational challenges that can make or break the long-term success and scalability of your business. Here are some tips that will help you take a strategic, proactive approach to inventory control:   1. Identify Inventory Turnover Ratios One of the very first things you have to do is identify inventory turnover ratios for different products. This is the time it takes for inventory to be used up, or turned over, in a given period. The higher the ratio, the shorter the shelf life. This means it moves quickly and needs to be replenished swiftly in order to maintain optimal profitability. The lower the ratio, the longer the shelf life.   2. Get Placement Right Once you’ve identified the inventory turnover ratios for different products, you can begin to focus on placement in the warehouse. Place the fastest-moving products in close proximity to the shipping and receiving areas. On the other hand, you can place the slower-moving products further away. Place excess and/or obsolete stock as far away as possible. Placement might seem like a small thing, but the time and energy you save will add up. You’ll find it leads to greater efficiency across the board.   src="https://www.youtube.com/embed/sl5zEPRkp0U" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   3. Figure Out a Replenishment Strategy Your inventory turnover ratios will also help you in another way. You’ll be able to come up with a plan for replenishing products in a manner that allows you to maximize profitability without overstocking your shelves. “It is essential to have an efficient replenishment strategy that plans for new inventory to arrive just before your current supply runs out,” ACCEO ERP advises. “There are different approaches to help you achieving this goal.” When you’re small and nimble, you might be able to handle replenishment manually. That is, you can do this by walking around the warehouse and making notes of inventory levels. Then you can place orders at the end of the day. In contrast, when you’re larger, you will likely need Distribution Requirement Planning, or DRP. This method uses forecasts on demand. In other words, it works backward through the supply chain network. It lines up orders to minimize inventory without causing shortages.   RELATED ARTICLE: THE BASICS OF EFFICIENT INVENTORY MANAGEMENT   4. Keep Accurate Records If you’re going to get serious about inventory control, you have to look beyond having an organized warehouse. You also need to be organized on the administrative front. One of the key components to better inventory control is to have an efficient inventory tracking system that allows you to maintain accurate record[...]



Alternative Ways to Fund Business Growth

2017-12-06T10:20:32Z

While it's possible that a small business can succeed using only its own revenue, business owners usually need to find alternative ways to fund business growth. To that end, if you can show that you're making a certain amount per month on a consistent basis, your business may be able to take advantage of some of the following financing options. The post Alternative Ways to Fund Business Growth appeared first on Business Opportunities. Alternative Ways to Fund Business Growth While it’s possible that a small business can succeed using only its own revenue, business owners usually need to find alternative ways to fund business growth. Of course, investments by the founders and owners can go a long way. However, in almost every case the company will expand faster with access to generous financing. Naturally, businesses that have the ability to pay for crucial expenses and investments without having to disrupt their cash flow essentially have a super power that sets them apart from their contenders. Unfortunately, businesses in the UK have difficulty obtaining bank financing. As a matter of fact, banks reject more than 100,000 small businesses for loans each year. The bank referral scheme laws, passed in 2016, have changed things, however. Banks in the UK are now required to inform businesses about where they can seek alternative financing options, if they’re ineligible for a loan from the bank. What’s more, some of those alternative financing methods require only proof of sufficient monthly revenue. Therefore, if you can show that you’re making a certain amount per month on a consistent basis, your business may be able to take advantage of some of the following financing options to fund business growth.   RELATED ARTICLE: 5 IDEAS FOR FUNDING YOUR STARTUP   Use Merchant Cash Advances to Turn Revenue into Leverage Merchant cash advances (https://www.merchantmoney.co.uk/merchant-cash-advance) have recently become popular with small businesses for funding business growth. That’s because they allow you to repay the loan by taking a small percentage out of each incoming payment. This is great for retail companies that do a lot of daily sales. That’s because the business can pay back the loan quickly and easily. And the owner does not need to save up and pay lump sums to the lender. Instead, the business repays the funds automatically because of the small tax that’s added to each incoming deposit. That way, every time a customer buys something they’ll be chipping a small bit of the business’s loan debt away as well.   Use Invoice Factoring to Turn Unpaid Invoices Into Cash Invoice factoring is similar to merchant cash advances. However, in this case, instead of paying back the funds in small amounts out of each individual transaction, you pay back the loan all at once via upcoming invoices. This plan is ideal for companies that get paid every 30 or 60 days via large work invoices. If you can show proof of invoices exceeding a certain amount for a decent number of consecutive months, that documentation might be all you need. Then you can turn your current revenue into an invoice factoring advance.   src="https://www.youtube.com/embed/A-q4a0UX5Rk" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Apply for Small Business Loans Using Revenue as Proof of Eligibility There are a number of lending institutions that aren’t banks but which provide small business loans for limited companies in the UK. However, the business owner will probably need to sign a personal guarantee that states their personal credit score will be negatively affected if they default on the loan. Additionally, the main applicant’s credit score needs to be at least 550. Further, [...]



What Are the Most Dangerous Industrial Occupations?

2017-12-05T03:27:27Z

In the workplace, there are many potentially dangerous occupations. There are 10 industrial occupations, however, that carry with them the greatest likelihood of harm or injury to the employee. Read here to learn more. The post What Are the Most Dangerous Industrial Occupations? appeared first on Business Opportunities. What Are the Most Dangerous Industrial Occupations? In the workplace, there are many potentially dangerous occupations. There are 10 industrial occupations, however, that carry with them the greatest likelihood of harm or injury to the employee. In 2015 alone, there were over 4,800 occupation-related deaths. More than half of these were in the transportation industry. Jobs that involve heavy travel, heavy machinery, or the risk of dealing with dangerous people or animals have the highest death rates among American occupations. These are the top 10 most dangerous industrial occupations that lead to their fair share of industrial accidents. All of these have industrial law specifications in place for employee safety.   1. Construction Workers or Laborers Of all the occupations that you can choose, becoming a construction worker or laborer is one of the most dangerous ones. This category of industrial occupations carries the highest rate of industrial accidents, more than any other job. Almost all components of construction are dangerous. This includes everything from using heavy machinery to climbing. Every time that a construction worker is on site, there is the potential for an industrial accident.   RELATED ARTICLE: OVERHEAD CRANES SAFETY REGULATIONS FOR MODERN INDUSTRY WORKERS   2. Corrections Officer Although there are a lot of safety measures in place for being a corrections officer, people can be highly unpredictable. This is especially true of people who have already been deemed violent or dangerous. Whether a corrections worker is working in a penal or rehabilitative institution, they must do more than just maintain control of prisoners and inmates. They also must transport them to and from the courtroom. In addition, they have to maintain peace in the courtroom. This means that they watch over not just prisoners, but also the families who may want vengeance.   3. Emergency Medical Technician First responders are often subjected to extreme conditions, mentally as well as physically. They are required to assist those who are injured. This can sometimes put their own lives in peril.   4. Carpenters As with construction, carpentry can be a highly risky occupation. Even when carpenters are extremely experienced with the equipment they use, there is always the potential for tool malfunction. It only takes a second for something disastrous to happen.   5. Firefighters There is a reason why firefighters have extensive training and physical requirements to apply for the job. The rigors of being a firefighter aren’t just about putting out fires. They are also about putting themselves in harm’s way to save lives. There are also times when they are subjected to chemicals and harmful materials while they extinguish fires.   6. Nursing Assistant Being a nursing assistant means that you have to do a lot of heavy lifting. This is demanding on the body and can lead to industrial injury. There are also times when you have to deal with people who aren’t behaving as they normally would. This can result in bruises, bites, and scratches.   7. Law Enforcement It is a police officer’s job to keep the peace and to protect people in the community from criminal acts. It is a job that often puts them in the line of fire. Police officers frequently are in a position to be vulnerable to harm.   8. Truck Driver Truck driving is an isolating job. It is also a highly[...]



Who’s at Fault if You Are Injured on an Airplane?

2017-12-05T03:27:20Z

When you are injured on an airplane, don’t assume that it is your fault. There are many instances where the airline company is liable for your injuries and responsible for compensating you fairly. The post Who’s at Fault if You Are Injured on an Airplane? appeared first on Business Opportunities. Who’s at Fault if You Are Injured on an Airplane? If you are injured on an airplane, it is important to understand who is responsible for your injuries. Only in this way can you receive fair compensation. Although many consider flying to be a scary thing, the reality is that you are much safer on a plane than you are on the highway. Besides, as a business owner, there are times when you simply must rely on air travel. It’s the only way to have to get where you need to be when you need to be there.   RELATED ARTICLE: HOW BUSINESS TRAVELERS CAN BRING THEIR A-GAME TO MEETINGS   However, just because air travel is one of the safest forms of travel that does not mean that in-flight accidents never happen. Sometimes accidents are the passenger’s fault, sometimes they are not. It depends on the circumstances surrounding the accident. If turbulence caused the accident, would you know who was to blame? There are times when an accident isn’t as much of an accident as you think. Some accidents occur because the airline or its employees were negligent. There are very complex rules when it comes to who is liable when you are on an airplane, making them different from other sorts of personal injuries.   How to Determine Who Is at Fault Air carriers and airlines have a different level of standard of care than other transportation types when they are transporting passengers. Governed by the Federal Aviation Act, they are held to a higher standard to ensure passengers’ safety. The airlines are responsible for the negligence of any employee. Therefore they can be liable for a passenger’s injury. The airlines and crew are ultimately responsible for ensuring that conditions are safe for the passengers. That does not mean that airline carriers are responsible for every injury that happens on their airline. However, it does mean that there are only minimal requirements for proving negligence for airline accidents.   The Duty that “Common Carriers” and Their Employees Have A “common carrier” or airline is responsible for ensuring that all components of their operation are safe for passengers. This includes the inspection of their property, loading people’s belongings, operating the airline, and maintenance of their airplanes. That means a pilot must investigate weather conditions ahead of time and warn passengers that they may be experiencing turbulence. The pilot needs to put on the seat belt warning and notify the cabin. If he or she doesn’t, and a person is hurt while they are out of their seat, the airline might be liable. The ground crew that maintains the airplane is responsible for ensuring that all parts of the airplane are working properly. That means that they have to regularly inspect not just the exterior of the plane but also the interior. In this way, they ensure that there aren’t any safety hazards or dangers that might make a passenger vulnerable to injury. The only time that an airline would not be responsible for injuries is if the accident was a result of “an act of God.” If the airlines could do nothing to prevent the accident, then they can’t be held liable.   src="https://www.youtube.com/embed/QguEfBMhpyc" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Who Can Also Be Responsible for Your Airline Injury? There are other entities who may be responsible for your injuries. Product liability is also a c[...]



What to Expect in a Truck Accident Settlement

2017-12-05T03:26:13Z

When you are in a truck accident, you are entitled to recover both economic and noneconomic damages. Have an attorney calculate what your accident is worth. In this way, you will be much more likely to get what you deserve. The post What to Expect in a Truck Accident Settlement appeared first on Business Opportunities. What to Expect in a Truck Accident Settlement A truck accident is typically different from other types of auto accidents. Trucks carry much more weight and sometimes transport dangerous or hazardous materials. Therefore, when you are in a trucking accident, the damages and injuries tend to be more severe. Things can also become complex when trying to assign fault. Truckers may be either employed by a company or work as independent contractors. And deciphering who is liable can get murky. So hire an auto accident attorney who deals with the specifics of trucking accidents. This is critical so that you can recover all that you are entitled to. When you are in any type of auto accident, it is best when possible to try to settle out of court. For trucking accidents in particular, try to reach an agreement before the case escalates to trial. However, the only time it is good to settle is if you get fair compensation to cover your damages and injuries. When you are in a truck accident, you are entitled to recover both economic and noneconomic damages. Have an attorney calculate what your accident is worth. In this way, you will be much more likely to get what you deserve.   RELATED ARTICLE: BILL BUSBICE’S HWY PRO IS THE NEW UBER FOR TRUCKERS   Trucking Accident Settlements The ideal situation in a trucking accident is for both parties to reach a legal settlement. You can do this by using alternative dispute resolutions. These are methods like mediation, negotiation, or arbitration. Mediation and negotiation are non-binding modes of reaching a settlement. Arbitration differs because it is a binding process. Arbitration replaces the need for a civil trial. In most instances, parties are able to reach settlements through alternative dispute resolution.   When Is a Settlement Advantageous? Reaching a settlement is generally better than having to take the case to court. One of the biggest advantages is that it is cheaper than going to trial. Additionally, the parties can typically find resolution more quickly. If trucking companies want to avoid bad publicity, alternative dispute resolution is a huge advantage over carrying the case out in court and in public opinion. When you can reach a settlement, there is usually less contention and hard feelings. Because it takes the emotion out of the situation, a fair settlement is usually the best solution for both sides.   Potential Disadvantages While it is usually best to try to settle out of court, there are times when taking a settlement might not be in your best interests. Some of the disadvantages to accepting a settlement are: As the plaintiff, if you accept a settlement, then you release the insurance company from any further liability for anything in the future. If you reach a binding agreement, then you lose your right to go to trial. Sometimes a settlement agreement might be much less than what you would win to if you go to court. If you settle out of court, then no one has to take responsibility for the accident.   src="https://www.youtube.com/embed/Qj4FaVfJ5oY" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   What Are the Different Types of Settlements? There are different types of settlements that parties in a trucking accident can reach. The plaintiff can agree to either a structured settlement or a lump sum settlement. A lump sum payment settl[...]



5 Steps to Launching Your Own Business

2017-12-04T01:41:06Z

If you've ever dreamed of launching your own business, you're not alone. In the United States there are more than 28 million small businesses. What's more, just consider this: Most large businesses started out as small ventures. However, statisticians report that only about two-thirds of businesses with employees continue after 2 years. And only about 50% survive after 5 years. All the same, if you follow a few basic guidelines, you may well find yourself among the 50% of small business that will still be going after 5 years. The post 5 Steps to Launching Your Own Business appeared first on Business Opportunities. 5 Steps to Launching Your Own Business If you’ve ever dreamed of launching your own business, you’re not alone. In the United States there are more than 28 million small businesses. What’s more, just consider this: Most large businesses started out as small ventures. When asked, owners of small businesses give a few main reasons for why they started their companies. The main ones are that they had a unique business idea, they wanted financial independence, or they wanted to design a flexible career for themselves. However, launching your own business isn’t a sure thing. As a matter of fact, statisticians report that only about two-thirds of businesses with employees continue after 2 years. And only about 50% survive after 5 years. All the same, if you follow a few basic guidelines, you may well find yourself among the 50% of small business that will still be going after 5 years.   1. Research After you’ve identified your business idea you need to research your chances for success. Ask yourself: What problem does my business solve? Does my business fulfill a need? What can my business offer that the market wants? Start your research by reading, asking questions and, perhaps, creating a focus group. You will need to explore issues such as: Who needs this product or service? How can my business fit into the market? Who else is presently offering this product or service? Who are my competitors?   RELATED ARTICLE: 3 EXCELLENT TIPS FOR STARTING A BUSINESS   2. Business Plan The next thing you’ll need to do is create a business plan. This will be your blueprint to guide your business through its initial stages. Some questions to ask yourself as you create your business plan include: Will I need an investor? What do I hope to achieve? What are my goals? How do I plan to meet my goals?   3. Samples Next, look at other business that are doing what you want to do. For instance, if you want to start a restaurant, check out other similar restaurants that are located in the area in which you would like to operate. For another example, if you are interested in offering some type of entertainment, review the different entertainment options, both land-based and online. An online casino is a  good place to start because it offers a look at a site that is easy to navigate, provides simple games, and a variety of betting options. Moreover, since online casino bonuses generally attract the greatest number of patrons, check out how the bonus structure works.   src="https://www.youtube.com/embed/AH1FN_y8IP8" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   4. Finances When you begin to plan your finances for launching your own business, you move from the realm of dreaming and wishing and into to reality. First of all, you’re going to need an initial investment plus money to cover expenses until your business begins to turn a profit. Create a spreadsheet with: Estimated one-time startup costs (equipment, licenses and permits, legal fees, market res[...]



Feeling Burnt Out? A Mental Health Holiday Could Be What You Need

2017-12-13T18:23:15Z

It's tough being an entrepreneur. You deal with stress on an everyday basis. So now and then, you need to step back and take a mental health holiday. Here, we offer some suggestions for some quick and easy getaways that will leave your spirit refreshed. The post Feeling Burnt Out? A Mental Health Holiday Could Be What You Need appeared first on Business Opportunities. Feeling Burnt Out? A Mental Health Holiday Could Be What You Need It’s tough being an entrepreneur. You deal with stress on an everyday basis. So now and then, you need to step back and take a mental health holiday. Nearly every industry is becoming more and more competitive. And you probably feel as if you can’t afford to take even five minutes for yourself. However, if you don’t make the time to take care of your body and your mind, before long your business will be suffering right along with you. When things get like that for you, you probably are not nearly as productive as you’d like to think you are. On the other hand, if you take some time to relax and enjoy your life, you’ll come back to your business with renewed enthusiasm. What’s more, you’re bound to be more productive than you were before your break. Below, we offer some suggestions for some quick and easy getaways that will leave your spirit refreshed.   RELATED ARTICLE: HEALTH AND FITNESS TIPS FOR BUSINESS OWNERS   Have Some Boundaries, for Pete’s Sake! Limit the number of hours you work each day to no more than 9 or 10, and take at least one day off each week. I know it can be difficult to call it quits, especially as you near a goal. However, if you push yourself beyond human endurance your decision-making skills will be less than optimum. And the work you do when your body and mind need rest is bound to be below par, as well. Spend your evening hours with friends and family. Being with the people you love will remind you of at least one of the reasons why you work as hard as you do.   Play a Video Game To provide yourself with a real sense of escape, choose a game that’s as unlike your business as possible. For one example, one of 2017’s hottest new video games is called Night in the Woods. It is available for Mac, PC, PlayStation 4, and Xbox One. The game centers around the story of 20-year-old Mae, who has returned to her hometown after dropping out of college. Alternatively, you could bet with williamhill using a football coupon or a betting slip. You could even go the electronic route via their self-service betting spots. When it comes to gaming, you can play electronic blackjack, roulette, slots or other casino based games on the gaming machines.   Do Something Physical If you spend most of your working hours in front of a computer screen, your body is probably longing to move, whether you realize it or not. Play a round or two of golf. Spend an hour at the gym, ride a bicycle, take a hike with friends. If you’re so inclined, engage both body and mind by learning one of the martial arts. Any one of these activities can provide just the right mental health holiday to boost your spirits and renew your drive.   src="https://www.youtube.com/embed/cEOS2zoyQw4" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Take a Mental Health Holiday at Your Desk If the heat is on and you really can’t afford to take much time, but you’re feeling stressed out, just stop. This doesn’t have to take long. Close the door to your office, turn off the ringer on your phone, and put your computer in sleep mode. Set the timer on your phone for 15 minutes. Now, lean ba[...]



Inbox Zero: Manage Your Email Inbox Effectively

2017-11-30T23:16:28Z

Many people think the term Inbox Zero means that they have nothing left in their inbox. They take it to mean that it's about removing visual clutter. However, the Inbox Zero method is definitely not about that. The post Inbox Zero: Manage Your Email Inbox Effectively appeared first on Business Opportunities. Inbox Zero: Manage Your Email Inbox Effectively Inbox Zero is an achievement that a lot of business people long for. It is the ultimate productivity benchmark. But is it necessary? The first to coin this term years ago was Merlin Mann. Here is the way he initially described it: “[Inbox Zero is] about how to reclaim your email, your attention, and your life. That ‘zero’? It’s not how many messages are in your inbox—it’s how much of your own brain is in that inbox. Especially when you don’t want it to be. That’s it.”   RELATED ARTICLE: 5 PRODUCTIVITY ISSUES YOUR SMALL BUSINESS MIGHT BE IGNORING   But afterward, people created their own definitions of Inbox Zero. They are not using the term with the same intent that Mann suggested. Why not? Because nowadays many people think the term means that they have nothing left in their inbox. They take it to mean that it’s about removing visual clutter. However, the Inbox Zero method is definitely not about that.   Fake Inbox Zero That feeling of accomplishment you get when you zero out your inbox is always short-lived at best. Frequently, you’ll discover that even though you thought you had zeroed out your inbox, it’s not really zeroed out at all. In fact, plenty of emails are still lurking in another section of your email. Removing the emails from your inbox just means that you’ve cleaned out your inbox. You removed emails from your sight. However, unless you have really done something with those emails you haven’t really accomplished anything. In other words, if you haven’t crossed them off your task list, or dealt with each one in some way, they will still be in your mental inbox.   So, What’s the Solution? Inbox Zero is a concept that helps you to complete the tasks at hand without having to think about them ever again. What’s more, you won’t need any paper. And you won’t encounter any stress at all. Once you have handled an email the Inbox Zero way, you can rest assured that it’s dealt with until the next email comes along. Then you’ll use the method again to rid your inbox of that one, too, so that you can stay on track. You may always have one or two of the big ones from your inbox that land on your desk. However, you can learn to switch things up so that you can get closer and closer to your goal of Inbox Zero.   How to Achieve Inbox Zero So then, what is the best way to end up with nothing in your inbox? The answer is so simple it will astonish you. Here it is: Have no inbox at all. Think of it this way. The inbox is simply a way for others to communicate with you. Also, it gives you a way to process those communications. It’s where you decide whether to file them, deal with them, or remove them. So, why not put those incoming emails in your “to do” pile from the very moment they arrive at your email address? There they can sit until you decide to take action. Of course, you’ll have to pay attention and consider what you need to do in order to remove them from your desk entirely. But you will be able to prioritize them and then take care of them in a timely fashion. Once you’ve decided where to file an email and what to do with it, and then you have taken any necessary action on it, you[...]



The Proper Way to Write an Essay: Taking the Craft to the Next Level

2017-11-30T23:12:41Z

As a business owner, you have lots of irons in the fire. One of them might even be taking a course or two to enhance your business skills. If that's the case, you'll probably need to write an essay—or several—before all is said and done. How, though, can you make any essay a great piece of writing? Here, we talk about how you can make some small implementations to your writing style that will allow you to craft great essays whenever your coursework demands it. The post The Proper Way to Write an Essay: Taking the Craft to the Next Level appeared first on Business Opportunities. The Proper Way to Write an Essay: Taking the Craft to the Next Level As a business owner, you have lots of irons in the fire. One of them might even be taking a course or two to enhance your business skills. If that’s the case, you’ll probably need to write an essay—or several—before all is said and done. Naturally, you want to do as good a job as you can, so as to make the best grade you possibly can. Therefore, you need to know how to write an essay that anyone would consider very nearly flawless. If you want to perfect the craft of writing an essay, it’s not as difficult as it might appear on first glance. How, though, can you make any essay a great piece of writing? Here, we talk about how you can make some small changes to your writing that will allow you to craft great essays whenever your coursework demands it.   RELATED ARTICLE: WHY BUSINESS OWNERS SHOULD MAKE STUDYING A HABIT (AND HOW TO DO THAT)   Don’t Be Afraid to Question Things Most people, when they need to write an essay, approach it by reading about the subject first. Of course, that’s something you absolutely must do. However, most people simply rewrite the material they’ve read in their own words. But you have to do more than that. You need to question what you read and not be afraid to make some waves. Think on your feet and actively insert valuable input and thought into the process. That way, your essay will be much more interesting to the reader—and will surely bring you a higher grade.   Be Your Own Worst Critic The whole point of writing an essay is for someone else to read it. That means that eventually, your professor and possibly other people will criticize your work. Learn to beat them to the punch by being your own worst critic. In other words, don’t be afraid to go to town when you are looking for flaws in your work. Correcting yourself now means people will have fewer chances to correct you later.   src="https://www.youtube.com/embed/VTIEZx_qFi4" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Rely on Multiple References As you prepare to write an essay, dig into plenty of references. The more extensive your research, the better your essay will be. A broad range of thoughts and opinions about your subject matter will allow you to go far and wide with your assumptions and your statements. Diverse points of view will enhance your essay overall. Then, too, multiple references will help you to make your essay as accurate as possible. So don’t be afraid to use any platform that could give you a helping hand. This includes sites such as Wikipedia, which is basically the bible of any essay writer out there. However, make sure you couple the information you get there with other sources. This will give your essay more credibility.   Stick to the Point One of the main things that happen when most people write an essay is that they drift off and eventually lose track of what they’re writing about. Therefore, mak[...]



Understanding the Concept of Collateral Management

2017-11-30T03:00:40Z

Are you worried that unsecured transactions will cause you financial loss? If so, then it is time that you explore the concept of collateral management. Collateral management is a process that aims to reduce credit risk in unsecured financial transactions. The concept of collateral has been used for quite some time. For example, in order to obtain a loan, you might have put up some collateral, such as a car or your home, in order to provide the lender with some security in case you defaulted on the loan. Collateral management, however, has evolved from that simple concept, mostly thanks to advancements in technology. We're going to discuss some of its complexities in this article. The post Understanding the Concept of Collateral Management appeared first on Business Opportunities. Understanding the Concept of Collateral Management Are you worried that unsecured transactions will cause you financial loss? If so, then it is time that you explore the concept of collateral management. Collateral management is a process that aims to reduce credit risk in unsecured financial transactions. The concept of collateral has been used for quite some time. For example, in order to obtain a loan, you might have put up some collateral, such as a car or your home, in order to provide the lender with some security in case you defaulted on the loan. Collateral management, however, has evolved from that simple concept, mostly thanks to advancements in technology. We’re going to discuss some of its complexities in this article.   src="https://www.youtube.com/embed/h4FqwyMp9hQ" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Understanding Collateral Management with an Example Lots of people find the concept of collateral management quite complex and difficult to understand. Perhaps the following example will make things clearer. Banks recognize over-the-counter derivatives, including options and swaps. The problem is that swaps and options can give rise to counterparty credit exposure. Let us assume that two parties enter into a swap. The interest rate changes during the course of the deal. In this situation, one party will be able to get the mark-to-market (MTM) profit on the deal while the other party will suffer a loss. In our example, the party that is on the verge of losing the deal defaults, and chooses instead to opt for a replacement deal at the current market price. The MTM value is the credit exposure. This risk may not be so threatening for the short-term deal, but for long-term deals, the risk gradually increases. There is also a risk that the counterparty will not be able to maintain a prime credit rating in the near future. What the banks do is that they record the credit risk on the swap. This is what we call collateral management. You can reduce your credit risk by opting for a break clause, which would allow you to end the deal early. However, collateral management is preferable.   RELATED ARTICLE: TIPS FOR CONTROLLING INVESTMENT LOSSES AND INVESTING TO WIN   The Process of Collateral Management One can easily use collateral management for options and swaps. When two parties enter into the collateralization, they need to negotiate. They also execute a document called the CSD. CSD stands for “central securities depository.” It refers to an institution that holds securities for clients, often in electronic form. This CSD document lays out the terms and conditions of the collateralization. You will notice that trades undergoing collateralization are regularly MTM trades. This [...]



Tips for Starting a Successful Trade Business

2017-11-29T23:33:36Z

Trade-based businesses provide a valuable service to the communities they exist within. From maintaining local roads to ensuring that the homes and businesses built are within certain safety specifications (and every trade in between), there’s no denying that we’d be lost without these individuals and their masterful sets of skills. But how do you go from a skilled trades worker to the proud new owner of a successful trade business? Here are a few tips to consider. The post Tips for Starting a Successful Trade Business appeared first on Business Opportunities. Image Credit: Pixabay Tips for Starting a Successful Trade Business Trade-based businesses provide a valuable service to the communities they exist within. From maintaining local roads to ensuring that the homes and businesses they build are within certain safety specifications (and every trade in between), there’s no denying that we’d be lost without these individuals and their masterful sets of skills. But how do you go from a skilled trades worker to the proud new owner of a successful trade business? Here are a few tips to consider.   Get an idea of what people are looking for with Google’s Adwords Keyword Planner. Verify Area Demand Sometimes people jump into business ownership solely because they’re good at something and want to offer that type of service. Only later do they learn that there’s no real demand for their skill in that particular geographic area. By researching area demand first, you’re able to avoid this type of situation. One way to verify demand is by using Google AdWords Keyword Planner. Simply put in the keywords someone would use to find your business. You will instantly see how many searches are conducted using those words and phrases monthly. This will tell you whether the demand is enough to potentially support your business. It will also give you an idea of the keywords to use when you promote your business.   Tradify offers a great solution for tradesmen looking to go digital with their operations.   RELATED ARTICLE: 3 STARTUP IDEAS TO CAPTURE YOUR CUSTOMERS’ IMAGINATIONS   Purchase Trade-Specific Business Software Starting any type of business, including a trade business, often means that you’re working largely on your own. This also means that your days are going to require you to handle of a variety of tasks. Why not free up some of your time by using trade-specific business software? Nowadays, you can find many apps that can speed up your process. Tradify has a great app built for plumbers, and another for electricians. Trade-specific applications such as these are tailored to fit the style of your work. They can really make a difference in your day-to-day operations.   src="https://www.youtube.com/embed/fmYXExEZtoc" width="400" height="315" frameborder="0" allowfullscreen="allowfullscreen">   Look Closely at Your Competitors Maybe you’ve learned there is a need for your skill set. However, is the market so saturated with people offering it that it’s going to be extra tough for you to build and grow a successful business? The only way to know this for sure is to take a look at your local competition. Specifically, how many businesses exist and what types of services does each one offer? Once you have this type of information, you’re able to better identify whether there’s room for you, too. Additionally, you’ll know whether there is a particular portion of the market that is underserved. This will tell you who to cater your marketing to. Finally, yo[...]