Kenneth Boyd's Blog, page 11

3 Tips To Get Into Business (4 Video Links)

Everyone’s thought about getting into business at some point or another. With how profitable of a career path it can be, it’s easy to see why. One of the biggest barriers to this is they don’t know how to get into business. They could struggle with starting off, so they’ll never get into it.

If this sounds familiar, it’s something you’ll want to work around. It shouldn’t be as complicated as you might’ve thought. A few simple and recommended tips could be all you’d need to use to start off. With a little time, you’ll see your budding career start to grow.

 

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Three top tips will help with this.

How To Get Into Business: 3 Top Tips1. Know Your Path

There are quite a few ways to get into the business field, with these all having different paths. You’ll need to be aware of them and know which one you want to take. It’s one of the first decisions you’ll need to make. Some of the more notable paths you can take include:

ManagementAccountingAdministrationMarketing

Once you’ve figured this out, you can figure out exactly how to get into business much better. You can determine the exact steps you should take to exceed in your career. With time and effort, you won’t have a problem.

2. Get Mentorship

Speaking of figuring out the best steps to take going forward, getting mentorship can be great for this. Finding experts in the field you want to excel in, such as Monty Cerf, lets you get advice you can actually act on. If they’re in a position you’d like to be in, all the better.

With the right mentorship, you can accelerate your career much better than you’d think. Your mentors could even help you find the right opportunities for you and open doors. You’ll end up in a much better position because of it.

3. Improve Your Resume

Your resume will naturally be vital to get a job in the business world. You’ll need to make sure this is as high-quality as possible and represents you well. It could be worth going out of your way to improve your resume when you’re first starting out. Make sure this highlights all relevant experience and why you’re the best person for a particular role.

It’s also worth tailoring your resume to each of the jobs you apply for. Highlight why you’re the perfect candidate for that role, and really sell yourself on it. It helps set you apart from other candidates and shows you put the extra effort into applying for the position.

How To Get Into Business: Wrapping Up

Figuring out how to get into business doesn’t have to be as overwhelming as you could think. While there’ll always be some work and effort involved, it can be more straightforward than you’d think. It’s a matter of using the right strategies and tips to do so.

Getting mentorship, knowing the path you want to take, and improving your resume could form a part of this. You’ll be well into a successful business career before you even know it.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

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The 7 Worst Ways To Deal With Big Debts (4 Video Links)

Got debts that you are struggling to pay off? There are quite a few different ways to deal with debt, however not all of them are healthy or effective. Below are just some of the worst ways of dealing with debt (and what you should be doing instead).

Ignoring it and hoping it goes away

This is the most obviously bad way to deal with debt, and yet many people are guilty of it. Ignoring debts will just lead to late payments, angry creditors and eventually legal action being taken against you. Debt will not go away on its own – you’re better off talking to your creditors and confronting it to find a solution.

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Changing your name/address

Some people try to escape their debts by changing their name or address. This is technically fraud and could get you into legal trouble if you get found out. Some creditors will investigate and you may find that it all catches up with you one day. Consult with an attorney before taking any action.

Using scam debt relief programs

There are some illegitimate debt relief programs out there that promise to eliminate your debt in a couple of weeks or even a few days. Don’t fall victim to these scam programs – not only will they not reduce your debts, but many will charge high fees upfront, putting you in further financial trouble. These scam debt relief programs will usually approach you via dodgy emails, texts or robo-calls – do not respond to them.

Dipping into your retirement fund

It’s often possible to access your 401(k) and other retirement funds early. Some people use this money as a way of paying off big debts, however this is not recommended. Accessing these funds early can carry penalties and it can increase your tax bill. It also leaves you with less money to enjoy during your retirement.

Paying them off with high interest loans

Taking out loans to pay off debts is a slippery slope. High interest loans are particularly bad as they can dramatically increase the debts that you owe. A small debt can quickly become a large debt. Eventually you’ll run out of options when it comes to borrowing, and then you’ll have no use but to seek out professional debt relief. Start forward planning now to avoid taking out more loans.

Selling/pawning essential items

Selling items you don’t need to pay off debts can be a good way to reduce your debts, however you shouldn’t be sacrificing things that you do need or things that are of major sentimental value. Even selling/pawning these items puts you in a better financial position, selling them could cause other problems (for example, selling a car that you use to get to work could make it harder to get to your job).

Taking on your debts alone

Many people try to hide the fact that they have debts. This only leads to greater amounts of stress. Don’t be afraid to tell people that you are in debt and get support.

How to actually get out of debt

When it comes to tackling major debts, it’s often best to seek out professional help. There are professionals that can help you negotiate deals with creditors or help you to get your head around bankruptcy law. Don’t be afraid to look into professional debt support.

Be prepared to make big cutbacks to help pay off your debts. At the same time, allow yourself some treats so that life isn’t miserable. If you can find ways to earn more money, this will obviously help too. Don’t be afraid to ask your employer for a pay rise or find a temporary second source of income.

Try to be open with everyone about your debts. Tell your creditors, tell your family and tell your friends. Having the support of other people will make coping with your debts easier as they won’t be talking you into spending money. Consult with a financial advisor and an attorney regarding these important issues.

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

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How to Buy a Property When You Own a Business (4 Video Links)

For business owners, buying a property can be an exciting experience. After all, it’s a major investment and it won’t always be easy to acquire when you run a business. But it’s also a big undertaking. There are several factors to consider before making the purchase, and if you don’t plan carefully, you could end up in over your head financially.

To make sure that doesn’t happen, we’ve put together an overview of the key things blog readers should keep in mind when they decide to invest in property, whether that’s personal or for the company itself.

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Do Your Research

First of all, when you own a business, it’s essential that you do your research before investing in any kind of property. That means looking into the local market and researching properties within your price range and desired location. It also means finding out what other businesses are located nearby (if you want a commercial space). This will give you an idea of whether or not the area is conducive to setting up shop. Additionally, look into zoning laws surrounding the potential purchase; these laws can restrict what types of businesses operate there and how much space you have for expansion if needed. If it’s personal, you need to ensure that you know what requirements there are for you to get the property as a company director or sole proprietor.

Get Professional Guidance

When buying a property, it’s wise to get professional guidance from real estate lawyers and accountants who specialize in commercial property investments or mortgages for directors. They can help guide you through the process, identify any potential issues with the purchase or sale agreement, and even offer advice on financing options that could make purchasing easier—like loan programs specifically designed for business owners who want to buy a property. Plus, they will understand any local legal restrictions or regulations or even things like joint tenant legislation that may impact your purchase.

Be Prepared Financially

Investing in property requires capital—and lots of it! Before you start shopping around for properties, make sure you know exactly how much money you have available to spend on a new building or land acquisition and how much money you can borrow from investors or lenders if needed. It’s also important to remember that even after closing on the purchase of new property, there are still ongoing costs associated with keeping it maintained—including taxes and insurance payments—so be sure to factor those into your budget too.

Getting a Property as a Business Owner

Investing in property as a business owner is an exciting prospect but one that should not be taken lightly either! Be sure to do your due diligence before jumping into an investment opportunity; research local markets, consult with professionals about financing options and legal regulations related to purchasing commercial real estate, and prepare yourself financially so that unexpected expenses don’t derail your plans down the line! With proper planning and preparation, buying a property as a business owner can be both rewarding and lucrative!

Consult with an attorney, a real estate agent, and a CPA regarding these important financial issues.

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

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Why Starting a Nonprofit Could Be the Best Thing for Your Business (4 Video Links)

Starting a nonprofit can be one of the best things you ever do for your business. It can help you attract new customers, increase brand awareness, and make a difference in your community. In this blog post, we will discuss the benefits of starting a nonprofit and provide some tips on how to get started. We will also cover the steps you need to take to register your nonprofit with the IRS. So if you’re thinking about starting a nonprofit, read on!

 

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Increase Your Visibility

By creating a nonprofit, you can make your business more visible in the marketplace. This visibility can help to create brand awareness and bring attention to your services or products. For example, if you create a nonprofit dedicated to helping homeless people, your business can be seen as socially responsible and more likely to attract customers.

 

Attract New Customers

Being associated with a good cause can be very attractive to potential customers. People are often willing to support companies that give back to their communities, which can result in an increase in sales and loyalty from new customers. For example, if you run a clothing company and create a nonprofit that helps homeless people, your message of giving back could attract customers who are looking for a socially responsible purchase.

 

Get Tax Benefits

Nonprofits are eligible for certain tax benefits that other businesses may not have access to. These include exemptions from federal income taxes, deductions for donations received, and even state tax credits for contributions made. For example, if you are a nonprofit with 501(c)(3) status, then your donations may be tax deductible for the donator.

 

Make a Difference

Perhaps one of the best reasons to start a nonprofit is to make a difference in your community. From providing services or products to those in need to helping the environment, creating a nonprofit can be an incredibly rewarding experience. For example, if you own an animal shelter, starting a nonprofit can help you to further the cause and make a real impact.

 

Tips on How to Get Started

If you’re interested in starting a nonprofit, there are several steps you’ll need to take. First, you’ll have to decide on the purpose of your organization and create Articles of Association that outline its objectives and activities. Next, you will need to register your nonprofit with the IRS by filing Form 1023-EZ. You must obtain 501(c)(3) status from the IRS so your donations will be tax deductible for donors. Research sites to help you grow your charitable donations. Finally, you should create a website for your organization to provide information about your mission and services and encourage donations. Also, you will need to obtain insurance coverage to protect your organization and its staff.

 

Starting a nonprofit can be an incredibly rewarding experience that allows you to make a difference in the world while also benefiting your business in many ways. With some time and effort, you can establish an organization that helps others while helping to build your own brand visibility and customer base. Consult with a CPA and an attorney regarding the formation of a nonprofit entity.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

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Essential Ingredients for Any Successful Small Business (4 Video Links)

There are many essential ingredients for any successful small business. These components may vary depending on the type of business, but there are some key factors that are necessary for all businesses to succeed. In this blog post, we will discuss the most important elements that you need to create and grow a successful small business.

 

1) A Clear and Well-Defined Vision

 

The first and most important step for any successful small business is to clearly define the vision of your company. This means understanding what you are trying to accomplish and why it matters. What problem does your business solve? Who are you targeting? What competitive advantage do you have? Having a clear, well-defined vision will help guide all subsequent decisions and ensure that everyone within the organization is working towards a common goal.

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In addition, it is essential to have a business plan that outlines the strategies for reaching your goals. This document should cover topics such as marketing, operations, customer service, financial planning and more.

 

2) Strong Leadership

 

Another key element for any successful business is strong leadership. Having a leader who can motivate the team, set and achieve goals, and resolve conflicts when necessary is essential. A great leader should also be able to create an inspiring vision of where the organization is going and why it matters. Strong leadership will help guide the direction of the business and increase employee engagement and productivity.

 

Also, it is important to ensure that everyone in the company understands the vision and is working towards achieving it. This could be done through team meetings, goal setting activities, or even just conversations with individual employees.

 

3) Effective Marketing Strategies

 

Having effective marketing strategies in place is also essential for any small business. Creating content, setting up social media accounts, and running advertising campaigns can all be important pieces of the puzzle. Additionally, having a good understanding of analytics will allow you to track progress and adjust your strategy accordingly.

 

4) Quality Products or Services

 

In order for any small business to succeed, it must have excellent products or services that customers want to use. Quality is paramount; a company that consistently offers great products or services will not only stand out from its competitors but also attract more customers.

 

To get started, it is important to understand customer needs and then create or find solutions that meet those needs. This could include conducting surveys and focus groups or researching competitors’ offerings. Furthermore, it is essential to continuously work on improving products and services in order to keep up with customer demands.

 

5) Adequate funding

 

Having access to adequate funding is also necessary for any small business. This may include loans from institutions like Coastal Kapical, investment capital, or other financial resources. Having sufficient funds will allow you to hire the right people and purchase the necessary equipment for your business.

 

These are just a few of the essential ingredients that are needed for any successful small business. By taking the time to properly plan and execute each element, you can increase your chances of success and create a thriving organization that stands out from its competitors.

Good luck!

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

 (image) Pier-Hernan-Pinera-CC-By-SA-2.0

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Saving Up For A Rental Deposit (4 Video Links)

At the start of any tenancies, you will be requested to pay a deposit, sometimes a month and a month in advance. This can stack up pretty quickly, and if you aren’t there just yet but are working on putting your deposit together, here are a couple of ways to reach your goals.

 

 

Try to Negotiate

Most landlords make their own prices and will decide what they accept; most people see the price and accept that at face value. You can opt to negotiate, though. If the property doesn’t have many applicants, you have more leverage.

 

Ask if it is possible to pay more each month for the first few months so that an extra month is paid in.

 

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Look Into Borrowing

Perhaps you have friends or family who can help you with your deposit. Only borrow what you need from them and no more, though. Create an agreement so that you have regular repayments to them. Although most people are fine when they lend money, for others, it can strain friendships or relationships.

 

An alternative to borrowing money from friends or family is getting a loan for a rental property.

 

Ensure that you only take comfortable terms for your long-term financial plans and that the repayments will not put you into financial issues.

 

Take on a Side Job

Many people call this a side hustle, but you might find your side hustle takes as long as a regular job does each week.

 

Take a look at how much time you have to spare and your skill set. Look for opportunities online to use your skills to make extra money. Everything you make from your side hustle should be put into a pot and go towards your deposit, no matter how much you want to treat yourself.

 

Access Automated Savings

If you need to move money from one account to another and find yourself skipping, it might be time to use automated savings. Automate savings will use its algorithm to determine what you can save each week or month without skimping on bills and other regular payments.

 

You don’t have to think about saving – it can be done for you. It is always a good idea to break down the total you need too. For example, to get to almost $10,000 in three years, you need to save $265 a month. If you need to save less, like $150, you’ll reach $10,000 in 5 years instead.

 

Adjust your goals and automated savings to make your lifestyle.

 

Reduce Your Expenses

Reductions can be difficult if you only buy the bare minimum. If you have the ability to reduce your outgoings even further, this can help to increase how much you can save on a weekly or monthly basis.

 

There are a couple of basics that can help you save, and one of them is recognizing the signs that perhaps you aren’t very good with money. Even knowing that you aren’t great with money can help you change your relationship with money in the future: Signs You’re Bad At Saving Money.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

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How to Access Hardship Funds When Times Get Tough (4 Video Links)

If you’re like most Americans, at some point, you’ll likely need to address the financial needs of a situation that doesn’t have an obvious solution. Maybe you discovered a surprise medical bill is coming up, or possibly your job unexpectedly closed, and you need to secure another source of income.

 

Whatever the case, if you don’t have a savings account set aside for such situations, it might be time to start thinking about accessing hardship funds when times get tough. Accessing hardship funds can provide peace of mind during uncertain periods. They can also help ease the pain of unexpected financial shocks by reducing the burden on your household budget until things improve again — or at least until they don’t.

 

This article will cover everything you need to know to set up a bank account, access emergency funds from a trust, or even open a separate retirement account for those situations when it makes sense.

 

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What is a Hardship Fund?

A hardship fund is exactly what it sounds like — a fund you set up specifically to cover unplanned financial expenses. That’s a good thing-because unplanned expense can and will happen to everyone, rich or poor. Hardship funds are commonly used by people who are unemployed, between jobs, or who have experienced an unexpected reduction in income. A sudden job loss, a medical bill that is unexpectedly high, or a major reduction in income can put you in a situation where you need to access hardship funds.

Setting Up a Bank Account for Your Hardship Fund

When setting up a bank account for your hardship fund, you’ll need to figure out exactly where you want to keep your money. There are a few good options for this. It can be a savings account, an investment account, or a combination of both types of accounts. The important thing here is that you save the money in a separate account from any other funds you might be holding. Once you’ve figured out where to keep your funds, you can move on to the next step.

Accessing Emergency Funds from a Trust

Emergency funds are often accessed by people who find themselves unemployed or experiencing unexpected medical bills. This can result from an accident, a serious illness, or a surprise bill from an unscrupulous healthcare provider. In these cases, the best way to access emergency funds is to open a trust account. Trust accounts are a great way to store funds without anyone knowing exactly where they are. In other words, any withdrawals from the account will be reported as “other income” on your taxes. You can set up a trust account under the name of your spouse, children, or anyone else who is trusted to access the funds. Once the account is set up, you can transfer the funds into the account and withdraw funds in an emergency.

Accessing Bail Bonds

Bail Bonds are another way to access emergency funds when needed. This is different from accessing a trust account, as it is another type of financial tool used by law enforcement. There are two ways that bail bonds are often used. The first way is when a friend or family member bonds someone out but then can’t make the bail. In these cases, the friend or family member uses the funds to get the friend or relative out of jail. The other way that bail bonds are used is when a person can’t make bail. A person may contact bail bond services to access bail money to ensure release when expenses cannot be covered immediately.

Opening a Separate Retirement Account

You can open a separate retirement account if you have a substantial amount of money that you would like to keep for unplanned expenses. Doing this allows you to keep your regular everyday retirement fund separate from your unplanned funds. This will help ensure that the money is working for you instead of you having to take money away from your retirement account to access a hardship fund. There are a few things to remember when opening a separate retirement account for your hardship fund. First, if you are over 55, you can waive your traditional IRA’s 10% penalty tax and make the funds tax-deductible. If you open a separate retirement account for your hardship fund, the tax will be taken off at a 10% rate.

Wrapping Up

Accessing a hardship fund can provide peace of mind during uncertain periods. They can also help ease the pain of unexpected financial shocks by easing the burden on your household budget until things improve again — or at least until they don’t. There are several ways to access a hardship fund in the event of an unplanned financial expense. The best way to access a fund is to open a trust account, access a bail bond, or access a separate retirement account.

 

Consult with a financial advisor and a licensed attorney regarding these issues.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

 

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How to Run a Successful Business While Traveling the World (4 Video Links)

There are a lot of misconceptions about running a business. For example, some people think you need to be in an office, sitting at a desk from 9-5, to make it successful. Others believe that you must be chained to your computer and phone 24/7 to keep up with the competition.

 

While both of those scenarios may be true for some businesses, there is no one-size-fits-all answer. In fact, many entrepreneurs are successfully running their businesses while traveling the world! The following article will explore what it takes to run a business while constantly on the move.

 

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What Does It Take To Run A Business While Constantly On the Move?

 

Running a business while constantly on the move takes a lot of organization and dedication. You need to manage your time wisely, keep track of all your expenses, stay on top of customer service and sales, and maintain communication with clients or team members based in different locations.

 

While this may seem daunting at first, there are some steps that can make it much easier.

 

The first step is to make sure you have technology available that will allow you to access your business from anywhere in the world. This means investing in cloud-based software that can be accessed from any device with an internet connection, such as Dropbox or Google Drive for file sharing and storage; Skype for conferencing, QuickBooks for invoicing; and Slack for communication.

 

You should also invest in reliable hardware, such as a laptop or tablet, that will allow you to access all of your business files and applications anywhere in the world. The new MINI-LED MacBook Air is an excellent option for entrepreneurs who need a reliable laptop that can go anywhere with them. Read more about the benefits of this laptop here: https://setapp.com/lifestyle/mini-led-macbook-air-2022.

 

The second step is to create a system for organizing your business information and tasks. This may include using a project management system like Asana or Trello, setting up automated reminders and notifications, or creating templates for standard emails and documents. An organized system will help you stay on top of all your obligations no matter where you are in the world.

 

The next step is to create a plan for how you’ll manage your workload when you’re on the move. This could include setting specific times for checking emails, responding to customer service inquiries, or sending invoices. It may also mean setting up an email auto-responder with helpful information about your business hours and contact details so that customers know when they can expect a response from you.

 

The last step is to plan ahead for any travel you may be doing. This includes researching the local laws and regulations of the countries you’ll be visiting, setting up a backup plan in case something changes with your itinerary or plans, and making sure that you have secure internet access available at all times.

 

The Benefits Of Running A Business While Constantly On The Move

 

Running a business while constantly on the move can offer a number of benefits.

 

The most obvious is that you have the freedom to travel to any destination around the world while still working and making money. This also means that you’re no longer tied down to just one location, which can be great for those who like an element of adventure in their lives.

 

But it’s not all about travel – running a business while constantly on the move can also help you build new skills and gain valuable experience in areas such as project management, customer service, and bookkeeping.

 

It can also open up new networking opportunities with other entrepreneurs based in locations or industries than your own. For example, you may find that you have more customers in a certain destination than you thought, or you may be able to collaborate with other businesses to build relationships and boost your revenue.

 

Finally, running a business while constantly on the move can help you break away from the traditional 9-5 grind and create your own unique lifestyle. This means that you are in control of your schedule and have the freedom to choose where and when you work – something that not everyone has the opportunity to experience.

 

Overall, if done correctly, running a business while constantly on the move can be an enriching experience, both professionally and personally. As long as you have access to the right technology and tools, create systems for staying organized, and plan ahead for different scenarios, you’ll be able to reap all of these benefits while still successfully managing your business.

 

The Challenges of Running a Business While Constantly On The Move

 

It’s important to be aware of the potential challenges that come with running a business while constantly on the move.

 

Firstly, you may find yourself in different time zones and without consistent access to a reliable internet connection. This can make it difficult to communicate with customers or clients in real time and ensure your team is kept up-to-date on any changes or developments within your business.

 

You may also struggle with staying motivated and efficient while always being on the go. It’s easy to get distracted by all of the new places you’re visiting, so it’s essential to create systems that help you stay focused and productive.

 

In addition, you may find it difficult to manage your finances while constantly traveling. Exchange rates can fluctuate quickly, and you’ll likely be dealing with more than one currency at a time, so it’s important to stay up-to-date with the latest exchange rates and budget accordingly to avoid any unexpected costs or delays.

 

Running a business while traveling the world is a unique experience that offers a range of potential benefits, but it’s important to be aware of its potential challenges. By understanding the risks and planning ahead, you can ensure that your business runs smoothly while still allowing you to enjoy the freedom and flexibility of living a nomadic lifestyle.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

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7 Simple Ways to Add Value to Your Property (4 Video Links)

Being a homeowner is a great way to invest in yourself, as you can constantly add value to your property by doing some simple changes every now and then. If you need ideas, here are 6 simple ways you can add value to your property.

#1 Redecorating

The most common way that a large number of people will go about adding value to their property is by simply redecorating. This can be done easily and fairly cheaply by just getting a little paint or wallpaper and freshening up each room.

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#2 Hiring professionals

A simple way to add value to your property is by investing your money into professional work. For example, if you had a little more work than just mowing the lawn you could hire a gardener to transform it for you, or maybe your ceilings and walls need a touch up in which case, you can hire The Patch Boys, as they specialize in drywall repairs.

#3 Loft conversions

If you have a loft that is doing nothing or just storing old unused items, you may want to reconsider how you use this space. A great way to add value to your home is to convert your loft into an extra living space, for example, another bedroom, a small office, or even just somewhere to sit and relax away from the rest of the house.

#4 Extensions

Similar to loft conversions, property extensions are also another great way to add value to your home just by creating a bit more of it. The two most common rooms that people will extend are their living rooms by adding a conservatory onto the end of it, generally creating a larger and brighter area. The other commonly chosen option is to extend the kitchen, as this is an area that everyone has to spend time in on a daily basis.

#5 Flooring

Often flooring is overlooked, but it can have a huge impact on how the property feels and is perceived. There are many different options for you to choose from. For example, you can install carpets, tiles, laminated flooring, and even heated flooring for the cold winter months.

#6 Modernizing rooms

Sometimes just painting, wallpapering, or changing the flooring isn’t enough to add the desired amount of value to a property. The next step to consider is whether you actually just want to completely redo a room and modernize it. Most commonly bathrooms and kitchens are chosen to be modernized as these will have the biggest impact on the value of your home.

#7 General maintenance

Just by keeping on top of your property maintenance, you will be adding value to your home. This means that small problems won’t become big costly issues and end up causing damage or leading to disrepair. This will help maintain its value, and in some cases, increase it.

There are many other ways in which you can add value to your home, with some being more complex than others. But if you are looking for somewhere to start, try any of these simple ways.

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

The post 7 Simple Ways to Add Value to Your Property (4 Video Links) appeared first on Accounting Accidentally.

Hiring the Right People for the Job (4 Video Links)

Hiring the right people for your business is one of the most important steps you can take to ensure success. The employees you bring in play a huge role in determining how efficient and productive your workplace is. In addition, good employees create enthusiasm and creativity that stems from their passion for the job, leading to innovative solutions and higher profits. Furthermore, hiring staff with a suitable skill set will enable them to multitask or specialize in certain areas, contributing to a better workflow and smoother operations. Finally, finding talented employees dedicated to their work will guarantee that morale is kept high and productivity isn’t hindered by any professional issues.

 

However, hiring the right people can also be tricky, even for the most prominent companies. The good news is there are some tried and true methods you can use when recruiting talent that will help ensure you pick the best candidate for the job:

 

Get clear on your business’s needs

 

Before looking for potential employees, take some time to reflect on what your company needs to succeed. This will help you determine which skills and qualities should be prioritized when looking at potential candidates. For example, if customer service is a key part of your business model, look for someone with strong verbal communication skills and a proven track record of providing excellent customer service.

 

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Create an attractive job description

 

Once you have a clear idea of the type of person you are looking for, craft an attractive job description that outlines all relevant details about the position, including responsibilities, qualifications needed, and benefits offered by your company (such as flexible working hours). By making sure this job ad accurately reflects what you need from a candidate, you’ll attract more suitable applicants and save time when reviewing resumes later on down the line.

 

Don’t underestimate interviews

 

Although sending out resumes and cover letters gives potential employers an idea of someone’s background and experience in their field, nothing beats face-to-face conversations during interviews to gauge how well they fit into the company culture and if they have what it takes to join your team. Questions should be open-ended so that you can gain valuable insight into how they think and approach problems while avoiding yes/no answers that won’t give much information or depth about their character or work ethic.

 

Utilize pre-employment tests

 

Pre-employment tests such as personality tests can give employers valuable insight into how well a candidate fits with their organization’s culture and values by assessing traits like creativity or problem-solving capabilities that may not come across in interviews or resumes alone. For example, if teamwork is a key element of your business model, then administering a pre-employment test focused on collaboration could help identify those who excel in group settings over those who prefer individual tasks more easily than traditional interviewing methods might allow for.

 

Request references

 

Don’t forget to ask for references from past employers before making any hiring decisions; these people have had first-hand experience working with the applicant in question and can provide valuable feedback regarding their work ethic or performance under pressure – two things that won’t come up during interviews or pre-employment tests! Plus, requesting references shows prospective employees that you take hiring seriously-which could make them more likely to accept any offer made too!

 

Put in a proper job offer

 

Once you’ve found the perfect candidate, make sure to put together a proper offer that reflects their value as an employee and shows them just how dedicated your company is to have them on board. This could include covering relocation expenses or offering extra vacation if they had an excellent performance during the interview. Whatever it may be, showing prospective employees that you value their skills and qualifications will not only help set you apart from the competition but also make them feel appreciated, which could increase your chances of retaining top talent for years to come.

 

And if you really want to ensure the right people for your team don’t get away, consider employing the help of an offer management agency. They will have a systematic offer management service that can help lock in the best candidates for your open positions and ensure they stay with your company for the long haul. Whether it’s negotiating benefits, helping to onboard new employees, or even just providing ongoing support and guidance, professional offer management agencies know how to attract and retain talented individuals in any field.

 

If you’re looking to hire new employees and want to ensure that you’re picking the best candidates for the job, you should take a few key steps. These include being clear on your company’s needs, creating an attractive job description, conducting thorough interviews, utilizing pre-employment tests, requesting references from past employers, and putting in a good job offer. By putting in the time and effort to find the right people for your team, you’ll be able to build a strong and stable company poised for success.

 

Ken Boyd

Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies

(amazon author page) amazon.com/author/kenboyd

(email) ken@stltest.net

(website and blog) http://www.accountingaccidentally.com/

 

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