Some people think a job not only provides income but also a social life. Others think it is better to develop a social life with people you do not work with. Discuss both views and give your own opinion. Give reasons for your answer and include any relevant examples from your own knowled...
To do this, create a table with four quadrants, where you'll rank your business’ strengths, weaknesses, opportunities and threats. Strengths: Identify the areas where your business stands out. Then, turn to your competitors and ask yourself, “How can I do what they do, but better?” ...
Private equity enables companies to raise capital without going public. Hedge funds and private equity were typically only available to affluent investors deemed "accredited investors" who met certain income and net worth requirements. However, in recent years, alternative investments have been introduced...
Use 20% of your after-tax income to put something away for the unexpected, save for the future and pay off debt balances (paying more than minimums). Make sure you think of the bigger financial picture; that may mean two-stepping between savings and debt repayment to accomplish your most ...
Good accounting comes down to your ability to create and maintain a solid system for financial management, keep organized records, and staying informed on (and compliant with) tax laws and regulations. For new start-ups, entrepreneurs, and small businesses of all kinds, FreshBooks is here to si...
You may also be able to deductvehicle expensesfor travel to purchase supplies and promote your business. If you have a second phone line for your business, you can deduct its cost. You may even be able to take ahome office deductionas an Etsy seller. ...
Pro forma income statements provide an important benchmark or budget for operating a business throughout the year. For example, they can determine whether expenses can be expected to run higher in the first quarter of the year than in the second. They can also determine whether sales can be ...
With this plan in place, you would have a goal around which credit card to pay down first. With the pay down of that first credit card, this can serve as a small win that can then empower and keep you motivated to pay down the second card. Step 3: Set your monthly goal. Once ...
The first rule of retirement income planning is: Never run out of money. The second rule is: Never forget the first rule. It sounds pretty straightforward. Where it gets complicated is negotiating between two equally valid but conflicting concerns: the need for safety and capital preservation, ...
Using your home to secure a loan can have tremendous benefits if you do it right. Here's how a second mortgage works.