Wednesday 1 September 2021

How to Finance

As Robert Kiyosaki says in his brilliant new book, THE BUSINESS OF THE 21st CENTURY, "If you want a solid future, you need to create it. You can take charge of your future ONLY when you take control of your income source. You need to own your own business". The first step in becoming a business owner is to start to THINK like a business owner. Business owners understand the difference between "price" and "cost". When you start a business, the price you pay for the things you need in order to get started is NOT the "cost" of starting that business. The "cost" is what you pay for the money you use to get started until you pay the money back. For example, when a partner and I started a mortgage company here in Orange County California in 1988 we did a very careful analysis of how much capital we would need in order to make it through the first year. We looked at how much we would need to spend to get started properly, and how much we would need for the ongoing expenses like rent, payroll, phones, marketing expenses, utilities, supplies, and so on; and then subtracted a conservative estimate for how much revenue we would bring in that first year. The result of that analysis showed that we would need $250,000 to get started. In other words, the PRICE we would have to pay to get started and operate our business for a year exceeded our expected revenues by $250,000. That's not unusual for a traditional business. We had $50,000 between us when we started and we got a bank credit line for the difference. So how much do you think we had to borrow against our bank credit line by the end of the first year? Well, our analysis was exactly correct, so if you did the math in your head you know that we owed the bank $200,000 at the end of that first year. The $250,000 shortfall for the first year minus the original $50,000 we had put in. Were we worried that we were $200,000 in debt after 12 months? Not at all. We were right on track. Most new business take at least a year to become "cash flow positive"... where your gross profits exceed your expenses... and another 2-5 years just to pay back the initial investment. We went on to payoff that debt, and pay ourselves back, and build what became at one time the 3rd largest mortgage brokerage in the county at that time. Here's my point. It did not "COST" us $250,000 to start that business. That was the PRICE we paid for the things we needed over and above what we could cover from the income from our business. The COST for our start up was the price we paid for the MONEY until we paid the money back. So our cost to start that mortgage company was about $24,000 which is the total of the interest we paid on the credit line until we had paid it off from profits in the 2nd year. Robert Kiyasaki's new book, "THE BUSINESS OF THE 21ST CENTURY" is the latest in his RICH DAD / POOR DAD series. If you read just ONE book this year, I highly suggest that you make this the one. It can set you free because it can help you stop thinking like an employee and start thinking like an entrepreneur. He also has some great free audios and videos on his website. Check them out at TheBusinessOfThe21stCentury.com In that book he points out that one of the many advantages of Network Marketing is that the start up cost is so low that you don't need a bank line of credit to get started. lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro If you plan to make money, you DO need to treat your new business like a business and start it correctly in order to make the most amount of money in the least amount of time, but unlike a franchise that might require $50,000 to many HUNDREDS of thousands to get started, you can fully capitalized your start up in network marketing for so little money that it would be considered a rounding error in a traditional business analysis. The "seed capital" you need to start your network marketing business correctly and cover your start up expenses is so small that you don't need to go to a bank to get a business line of credit. If you don't have the money you need in a savings or investment account, you can just use OPM... Other Peoples Money... and you can cover the interest on that money and be "Cash Flow Positive" in your very first month! What that means is that you can literally get your business started for with NO cash out of your pocket. You can even start your business for FREE if you earn back the initial start up cost and pay off your start up loan before the interest is due. Here's how that can work... Remember, there are two things that you will need to cover each month: Your monthly business expenses, and the interest you pay on the money you used to get started until you pay that money back. To make the most amount of money in the least amount of time you want to start at level where you can maximize as many aspects of your company's compensation plan as possible. In most legitimate network marketing companies, you can do that for less than $5000 and the monthly business costs are less than $300 a month. In the company I'm with, for example, you can position yourself to maximize the compensation plan for less than $2000, and your monthly business expenses are only about $150 a month, so let's work the numbers.... Cost of $2000 (worst case - 24% credit card) $40/month Monthly Business Expenses $160/month Total Monthly Break Even $200/month This is my "Break Even" point. As long as I earn at least enough to cover my monthly Break Even Point, everything above that amount is profit. Most companies have a Fast Start Bonus of some kind that pays at least $50 to $200, so it's easy to cover the monthly Break Even Point just with personal production as long as you are working your business. That means that you can literally use a credit card to start your business and earn the money to cover your Break Even Point BEFORE the credit card bill even arrives. If you earn enough in that first month to cover your Monthly Break Even Point AND to payback your start up loan in your first month, you will have started your business for FREE because you won't even owe the interest on the money if you pay it back within 30 days of receiving your credit card statement. A weekly pay plan with a good Fast Start Bonus and a simple effective system for building your business makes that very feasible. In addition, if you don't already have a business that is based exclusively out of your home, the TAX BENEFITS are often more than enough to offset your monthly expenses. Be sure to check with a tax advisor who is familiar with home based business tax law. To quote Kiyosaki again, "In network marketing, instead of earning income directly, you are building an ASSET - your business - and it is the asset that generates the income... Network marketing creates passive income but requires very little cash investment to start up. It has very low overhead, and can be operated on a flexible part- time basis until it generates enough cash flow for the entrepreneur to transition out of his current full-time job." To Summarize... 1) The COST to start up a business is not the PRICE you pay to get your business started, it is the price of the MONEY you use to get started until you pay that money back. 2) If you use your own money, the "opportunity cost" to get started is the interest you could have earned on that money which is very small these days. If you use other people's money (OPM) your cost is the interest you pay on that money until you pay it back. On a 24% credit card that is only 2% per month. 3) Most legitimate network marketing businesses can be fully capitalized for less than $5000 and have monthly business expenses of less than $300. That means that your monthly break even point is VERY low and can be achieved in your very first month if your company has Fast Start Bonuses that pays weekly, and a proven system for building your business. 4) The tax benefits of owning a business that is based solely out of your home can allow you to legitimately reduce your tax liability by converting some of your after tax expenses to pre-tax business expenses. If you are paid on a W-2, you may be able to immediately reduce the amount that is withheld from your paycheck, thus effectively giving yourself a "raise" in takehome pay. Be sure to consult with a competent tax advisor. 5) The start up cost is so low in network marketing that it's possible to earn enough money in your first month to completely repay your start up loan before your credit card bill is due. In that case you won't owe an interest at all and you will have started your business for free. 6) Once you have found a network marketing business that makes sense for you, start at a level that will maximize the compensation plan so that you can make the most amount of money in the least amount of time, then follow their proven system for building your business.

Business Finance

Business finance training refers to programs that teach individuals how to handle various financial duties. Finance training is similar to finance tips in that both help business owners make better monetary decisions, but training programs offer a more detailed explanation of finance strategies. Training programs vary in price and can be used by the owners and employees of a business. The most basic business finance training provide information on budgeting, preparing financial statements, managing cash flow, strategizing, forecasting, improving performance, and applying basic procedures and concepts to more effectively manage a business. These programs are recommended for new business owners to help them understand standard business practices. Once these basic methods are mastered, more specific financial training may be looked into. Advanced business finance training delves more deeply into a certain financial procedure or concept, usually at a higher cost than basic programs. Advanced programs may teach business owners how to set up effective business models, make decisions based on quantitative analysis, manage and control accounts, practice due diligence, measure productivity, and strategize concerning mergers and acquisitions. Taking part in any kind of business finance training gives a business owner the resources to make more intelligent business decisions that result in increased productivity and profits. Many different types of courses are available either online or at a specified location. Some programs may even offer the option to train at the business. Taking into consideration the needs and abilities of a business is the key to finding the best business finance training. A business finance solution generally refers to methods of funding and maintaining the finances of a business. Most solutions involve ways of obtaining working capital, but others also offer ways of protecting and increasing that capital. lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro lannaagro To obtain working capital, business owners look to finance solutions that offer funding by several different means. The most common means are loans and financing. Asset-based loans use a business's assets, such as inventory and equipment, as collateral. A business may also opt for a property loan in order to acquire commercial space. Invoice financing, such as factoring, involves liquidating or selling a business's accounts receivables in exchange for quick funding. Some businesses look to trade financing to supply their inventory. The business will tell its financer the amount and cost of goods needed, and the financer will pay for the goods. The business then repays the amount financed over a specified period of time. Most companies that provide business finance solutions also offer ways to protect and increase a business's capital. Credit protection safeguards a business from daily risks, such as customers not paying on time, so that the business does not suffer incredible losses. This makes it much easier for the business to borrow money in the future, and it protects the balance sheet. A finance solution may also offer business insurance plans that increase the stability of a business. The most common types of business insurance are employee and public liability, car, property, and health insurance. These business finance solutions are designed to protect businesses against potential losses.

Thursday 26 August 2021

Business Expenses

You may deduct the cost of traveling between your residence and a temporary work location outside of the metropolitan area where you live and normally work. If you have one or more regular work locations away from your residence, you may also deduct the cost of going between your residence and a temporary work location within your metropolitan area. mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass mktvpass

Wednesday 18 November 2015

dance mat typing

Dance Mat Typing A Free Newbie's Contact Typing Tutorial The Curriculum Alternative

This world is shifting so quickly that it is not sufficient on your kids to be ahead of their class, but forward of the pack in terms of all their friends. The second stage starts with BBC Mat Typing -Stage 4 during which the fundamentals which have been taught to kids in degree one are used to finish actions current in it. Youngsters must sort the specified words from their keypad each single time the sport asks them to do. While pressing the keys from keyboards kids ought to use those fingers that are shown to them in the beginning of this game. One of many games which they have launched in latest occasions is kidz mat typing sport which is based on providing kids and youngsters information and abilities about typing fast and with full accuracy. So for a systematic method to studying, Dance Mat Typing by BBC is the answer!

For this reason touch typing becomes imperative for everybody - it lets you type faster, easier, and without any efforts. Touch typing is the act of typing rapidly without utilizing your sight to determine the keys.  This makes for efficient and fast typing abilities and lots of places of work even require staff to have touch typing expertise.  In this time saving, environment friendly world, it is straightforward to see why contact typing is so valued.

Each stage they full of this sport they get attention-grabbing details about the issues that are present of their surrounding which makes them addicted towards the game.  So, if you want to make your little one a pro in typing then consider the video games in computer systems before letting them enter in a tutorial center current in your locality. Now, the makers of this website have provide you with flash sport which is made for kids to play and be taught the artwork of typing simply by sitting in front of their computer systems without paying a single penny.  This stage starts with a fast evaluation of the house row letters in addition to the e and i keys.

So BBC dance mat typing video games for kids is such a sport that guides your youngsters by means of the journey of turning into a proficient typist.  Moreover, since the games are geared up with cartons and humorous animations, it might be enjoyable for teenagers to practice typing as compared to conventional typing classes. The particular present up mat typing video video games pertaining to youngsters are usually not simply just about any sport it's doable to check to assist these no-brainer video game titles on the market.  Your show up mat keying video games with the young kids would probably steer children within the trip with the intention to like a touch typist.

It is never too early for teenagers to learn typing lately and to coach youngsters, dad and mom can introduce the Dance Mat Typing and Video games at early stage so that they can be forward of their peers.  The most well-liked dance mat typing level 1 stage 1 games is non-competitive and have voices which inform them tips on how to kind correctly without seeing the keyboards many times.  There are some advanced games that can be used by adults who wish to improve speed and correctness of typing.
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