Thursday, May 29, 2008

Can Anyone Become a Successful Businessperson?

business person
I am asked this question many times after I have given a speech on business procedures and strategies. The answer is not that simple.
Before we get to the answer, let me ask you a question. Can anyone become a successful medical doctor? To become a doctor, there are several very important factors that have to be given a lot of careful thought and consideration.
Now to get to the question, "Can anyone become a successful medical doctor?" The answer is "Yes! Anyone who really wants to can become a successful medical doctor."
The key words here are, "Anyone who really wants to."
Let us get back to our original question. "Can anyone become a successful business person?" The answer is, "Yes! Anyone who really wants to, can become a successful business person." To become a successful business person, you will have to make several important choices. choices like,
1) What type of business do you want to get into? 2) Are you passionate about the field you have chosen? 3) Are you willing to devote enough time and energy to your business? 4) Are you prepared to do whatever it takes to succeed? 5) Are you willing to stick to it till you succeed?
Then you have to research your field of interest, educate yourself, get the proper training, lay the foundation and work at it consistantly. If you do everything properly, success is inevitable. Ask any successful business person and he or she will tell you what they had to go through to achieve success.
A business should be taken seriously and treated like a profession, not as a hobby. Then with the correct, persistant action taken on a daily basis, you are sure to succeed. There is no doubt about it.
You can become a successful business person "If You Really Want To."

Monday, May 26, 2008

Divorce and Money

questionDivorce can have a financially devastating impact on your finances. If you’re a woman who has gone through a divorce (and you feel like sharing), what advice would you give someone regarding the financial aspects of divorce or marriage?

Wednesday, May 21, 2008

Best Credit Offers to Apply for

best credit
Are you looking for the best credit card deals? I ran across the site earlier and thought why not check it out! And guess what I found? With great offers, they compare and you can make your own choice, I think this site is good to those who are looking for credit cards! With a lot of cards this days, it’s hassle to find the best one. And with this site you can get what your heart desire! ;) Stop looking elsewhere because you will just get those cards that has hidden interests. In here, you can apply online and get approved right away! This are credit card with no credit offers with low annual interest. In here, you can get information about all the offers, provided by the major credit companies! Which is actually a good thing! They simply will find you the card that best suit for your budget and that don’t have hidden fees and other downside.. Check it out!

Monday, May 19, 2008

Everyday Money Saving Tips

saving money

You can save money every day. Consider some ways to save without troubles:

Save $0.50 a day in loose change - $15

Cut soda/pop consumption by 1 liter a week - $6

At work, substitute 1 coffee for 1 cappuccino - $40

Bring lunch to work (saving estimated $3/day) - $60

Eat out 2 fewer times a month - $30

Borrow, rather than buying, one book a month - $15

Comparison shop for gas (save est. $0.25/gallon) - $4

Maintain checking account minimum to avoid fees - $7

Bounce one less check a month - $20

Pay credit card bill on time to avoid late fee - $25

Pay off $1000 of credit card debt, reducing interest - $15

It is not so hard, is it?

Thursday, May 15, 2008

Making Money on the Road

There are people who pride themselves on being able to make money without having what they consider to be a real job. Many of these random sources of income allow them to be able to travel and live wherever ever they please. As skilled as they are at this, it never ceases to amaze them the new ways people come up with to make money while traveling.

You may work at hostels for a few months, have some get rich internet scheme, or just play the stocks.
Consider this way of making mone if you are fond of traveling and adventures. And share your financial wisdom with the rest of free people!

Tuesday, May 13, 2008

Build Your Credit

build credit
How to build credit? If you are not a lucky owner of perfect credit score today and still wish to get a credit card, don't lose your heart. Nowadays there are many profitable offers for people with bad, no and average credit. Fair credit cards are especially designed for those with credit score between 620 and 659. Of course, they come with not so attractive features as good or excellent plastics do. However, fair cards are one of the most beneficial ways to good credit history!

Thursday, May 8, 2008

Tips on Selling a Business

selling a business
Some days ago I found out a book about business. The book is "In and Out of Business...Happily". It provides practical tips for getting your business ready for sale and negotiating that sale to your advantage. With these tips are dozens of examples of what companies did to enhance the value of the business and raise the selling price. Here are just a few of the tips I have learned from this book.

1. Don't let anyone know it's for sale but sell it quickly.
“Why?” you might ask. “Wouldn’t I want to broadcast it and get as many buyers as possible to bid against one another and raise my price?” No! First of all, announcing the sale of your business makes people nervous. Your employees look for other jobs, your suppliers worry about extending credit, and your customers wonder if you'll be around long enough to complete the contract they are about to sign. And your competitors play on those fears to lure away your best employees and customers. Makes sense, doesn’t it?

2. Be sure all the right things are wrong!
“Why should anything be wrong?” you ask. Because few people are willing to pay top dollar for a small business that’s perfect. That may sound strange, but think about it. The people who buy a small business have more than a financial interest in mind. They also have personal motivations—just as you did when you became an owner. These buyers will pay more when they find a business that meets their personal motivations, one that offers them opportunity to “do their thing.”

3. How to increase the value of the business without increasing profits.
Reduce the business’s dependency on you. Transfer many of your tasks to subordinates, so the new owner sees that he can “manage” without having to “do.”

4. Know the different types of buyer and what each type will pay.
To attract the right buyer (different buyers pay different prices), you have to recognize the four types.

  • Strategic acquirer: These pay the highest prices, usually in cash. They buy for strategic reasons such as economies of scale and market share. But typically they look for companies with sales of $20 million, and expect management to stay on.
  • Sophisticated or corporate acquirer: With backgrounds in corporate America, these buyers examine a business closely. Size is less important than opportunity. These buyers, maybe a group, may review a hundred businesses before selecting one.
  • Financial buyer: These are the most plentiful. They will not pay prices based upon projections. So they will not pay top dollar. This group expects terms or the ability to finance the buy. They are primarily interested in purchasing a job. Small businesses attract this type when they do not position themselves for the sale.
  • Industry buyer: These can be the best or the worst. The best, when they have a strategic reason to buy. Otherwise, watch out! Most industry buyers look only to selected assets to determine value; they do not pay for goodwill or future prospects. They pay significantly less then a sophisticated or corporate buyer.

So, all this information is much important because, as with anything else, only the right buyer pays the right price. The book shows how to identify the best buyer for a business ~ how they think ~ what turns them on or off ~ how to position a business so that the right buyer will recognize it as an exciting opportunity.

Tuesday, May 6, 2008

Compare Credit Offers

Master cards
Interested to have a credit card? But don't know how to get one.
Credit card is a thing you should choose wisely, check out unsecured credit card applications. You can apply for any kind of credit cards online.
At you can find some good credit card applications from credit card companies all over the world - Visa credit cards , Discover, American Express and MasterCard offers. Study the credit card offers from major banks and credit companies. You can include in your comparison the credit cards from Advanta, HSBC, Orchard, First PREMIER, Chase, and Citibank, and apply for a credit card online.
Now a days all credit cards offer rewards. Compare credit cards rewards to find offers that can help you save on your most frequently made purchases. Here you can find cash back credit cards, airline and hotel cards as well as gasoline credit cards issued for the special needs of customers. Get reward credit cards to save on flights, traveling, gas and all other purchases you make. Choose the best suitable credit cards and apply for them online.
"Immediate credit card care" service is available now. Their advisers are ready to answer all of your questions. This is the another most important thing you should care, that is the support and advise from customer care.

Monday, May 5, 2008

How to Teach Your Child About Budgeting

As a parent it is your primary responsibility to equip your children with life skills. Learning how to properly manage a budget is one of life's most valued skills; both spending and saving habits can be taught early on. If you show them an appropriate balance between the two, you can save them many years of financial difficulty.
1. Be a role model. Allow your child to see you budget, comparison shop, and save. Bring them to the bank and let them watch you put money in a savings account. Explain to them what you are doing while you are doing while you are doing it.

2. Invite them to participate. Ask your child to help you find and read the unit price numbers at the grocery store in order to find the best bargains. Encourage them to look for coupons and sales in weekly fliers. Review the family budget with your children, especially if you're also trying to teach them to help cut down on expenses by doing things like turning off lights when they leave a room. Plan the family vacation together with your child, assigning them the task of researching air fare, hotel rates and rental cars.

3. Provide an allowance. Start with a small amount as soon as they are old enough to understand that money can buy things. Pay their allowance with bills and coins to allow the child to sort them into different containers labeled with different budgeting categories. Encourage part-time work instead of an allowance when the time is right. It will teach them not only to manage their money but also to manage their time.