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Category Archive : Business

Samsung Galaxy Tab: have the tabloid in your hand

As Samsung releases new and trendy phones day by day, the demand for its phones is also increasing. In the month of September 2010 Samsung Galaxy Tab has been launched in the market which is available through all the offers. It is a new Android tabloid phone from the Samsung family. It offers several impressive and high-tech features. If you don’t know which multimedia phone to buy, this may be your right choice.

This is an android phone and it is powered by ARM Cortex A8 processor which supports 2g and 3g network. This amazing phone has dimensions of 190.1 x 120.5 x 12 mm and weighs 380. It packs a 7.0 inch TFT capacitive touch screen that is featured with Gorilla Glass display, TouchWiz user interface, multi-touch input method, Accelerometer sensor for UI autorotation, three axis gyro sensor, touch sensitive controls, proximity sensor for auto power off, Swype text input. High data storage can be carried out in its internal memory of 16 and 32 GB and it also allows you to increase its capacity with a micro SD card of up to 32 GB.

This phone is facilitated with GPRS, EDGE, WLAN, 3G and data transfer can be done via bluetooth. If you are crazy about taking pictures, it also offers a 3.15 MP camera with high resolution of 2048×1536 pixels. It also features auto focus, LED flash, geotagging that can enhance your images. It is available in Black and Gray color. Some more attractive features are Readers/Media/Music Hub, Adobe Flash 10.1 support, Thinkfree Office (Word, Excel, PowerPoint, PDF), etc.

Among various deals, Samsung Galaxy Tab contract deals provide its users with numerous benefits in the form of free gifts like TV, Laptop, Home Appliances, Play Stations etc. and incentives like free talk time, free text messages, etc. But to take advantage of this, you must sign a contract for 20 or 24 months. If you don’t want to sign any contract, you can buy this phone through pay as you go offer and no SIM card offer. Just visit some online mobile store and grab the best one according to your needs.

Why didn’t they approve me?

There are several factors that are typically considered when a credit team is reviewing a business profile to issue a deny or approve decision to finance equipment or provide working capital. There is some flexibility among lenders in considering different factors, but there is a common ground from which many work. Lenders with tighter, more stringent guidelines are typically the ones offering the lowest rates, so they have a narrower risk profile for each decision. More flexible lenders, meaning those who can work with higher-risk customers, have higher rates; they win some, they lose some (customer default) but they get to keep their ROI profit margin.

The following are the basic factors to look out for so you know where you fall and if there are too many red flags then you may decide not to apply for funding and go in a different direction. Learning and preparing ahead of time will help you understand the process so that at the end of the day you don’t give up and say, “Why didn’t I get approved?” These are just general guidelines and exceptions can be made, but they will always need to minimize the risk to the lender in some way.

Factor 1: Time in business. This is the easiest to verify since the secretary of state where you live will have the business file on file; he must check and make sure he is in good standing and active. Less than two years puts you in the ‘startup’ business category, which means rates will be higher and the amount you can finance will be capped at $30K, $50K, or $100K depending on the other factors. Two to five years in business is the midrange and still requires the owner’s personal guarantee and more than five years in business is the ‘established’ category and can be approved without an owner guarantee with loan amounts limited only by the business performance.

Factor 2: Personal credit. For businesses that have to personally guarantee, the owner’s credit rating is very important; particularly the younger the business. Low, damaged, or poor scores indicate how the owner could operate his or her business and is a strong indicator of success or failure and possible default. If your credit is troubled, a credit repair service should be the first step before applying for any financing. Most credit repairs take at least three to six months.

Factor 3: Cash flow. Bank balances in your business account, personal account, and savings must be adequate to pay off the new debt along with sufficient protection for emergencies. If you deposit $1000 and spend $1000, then there are no reserves for emergencies or new debt, even if the new equipment will make you a lot of money. Underwriters are looking for cash inflows and reserves that can cover business slowdowns, emergencies, etc. The amount needed will depend on the amount you want to finance.

Factor 4: comparable lending experience. Credit seeks to see what you have financed in the past; For newer businesses, your personal loan will come into play. Car loans, home loans, credit cards, and the like will be important to see how they have managed. As a business ages, you’ll want to make sure you finance even small pieces of equipment and take out business credit cards to help establish business credit history. Some vendors offer financing for small tools, and even if you can pay cash, you should finance it to help build your profile. In the long run, comparable credit becomes very important and, for many lenders, a necessity.

Factor 5: Commercial credit. Dun & Bradstreet and Paydex are common offices underwriters use to check trade history. These reports reveal lawsuits, ties, pending lawsuits, and a history of late payments. You should request a copy and work to rectify any issues and if an agreement is being worked on then a letter of validation should be filed. Credit will always consider a good story to support any problem, as long as you have solid documentation. Open links need to be worked on and resolved as very few lenders will approve any business with open links.

There are many other factors that a credit analyst will consider, but these five are the backbone of most credit decisions. You don’t have to be optimal on all five to get approved, but at least two of the five must be strong. Otherwise, some lenders will allow a family member to sign as a guarantor for the loan, which is typically a last resort for business owners. A cosigner might allow you to get approved, but you’ll still fall into a higher risk, higher rate category. In general, he should assess where he qualifies, fix what he can, and if he decides to move forward with the funding request, at least he’ll be better prepared for the outcome.

The Who’s Who of Network Marketing: Who is Eric Worre?

Ask anyone who knows what the top name in Network Marketing is and the only way you’ll get an answer other than Eric Worre is if you ask Eric Worre himself.

For over a quarter of a century, Eric Worre has positioned himself in the right place at the right time, leading to his current status as the world’s most knowledgeable and professional network marketing expert.

Of course, you’ve heard things like this before. You’ve heard that someone is “the best” and the term is used so loosely in blogs and articles that it has taken the form of a meaningless buzzword.

But what if I told you that Eric Worre’s sales organization reaches over 60 countries around the world, has over half a million distributors, and generates over $15 million in revenue? Would you begin to agree that he is the true “Guru” of network marketing? Everyone else too.

hard beginnings

Of course, most good success stories start with a struggle or a dream and Eric was no different. Entering college with a dream of professional soccer in mind, a career-ending injury put those dreams on permanent hiatus. This led him to drop out of college and work a wide range of jobs that got him nowhere quickly.

Dismayed with the workforce and its opportunities, Worre took a position with his father’s real estate company, where it further failed. In fact, his first year as his agent saw him tens of thousands of dollars in the red! To say that the beginning of his working career was a flop is an understatement.

Learning life lessons from failure

As is so often the case, failure taught Eric some vital business lessons about opportunities and working hard to seize them when they knocked on the door. His work ethic did not diminish, but rather he was improved by his struggles from the beginning and after being invited to the National Safety Associates marketing presentation by his mother and business partner, Eric finally found the niche of him

This is where he first heard about network marketing and seeing the opportunity others missed, he quickly got to work. His experiences, life lessons and his work ethic gave him a winning trifecta that saw Eric earn $7,500 during his first month in Network Marketing. This number continued to increase in the following months.

Eric learned so much about losing money during his early days that instead of spending it on the typical things a first-time earner normally does, he took almost every penny he made and reinvested it in his business. This meant that he lived on a very small budget, $5 an hour to be exact. But that didn’t matter. Worre knew that the sacrifice he was making now would soon turn into something much bigger and more lucrative.

The success of Eric Worre

He knew that self-discipline and control would lead him to a much more rewarding future where money would never be an issue again if he buckled up now and kept his nose to the grindstone. Within a few years, Worre’s vision came true as he began earning six figures each year.

As other people and companies began to take notice of Eric, Worre began to take notice of them. He did the math for him and mapped out his business strategy, packaging it in a way that he could sell himself. When the time was right, he sold his business strategy for millions of dollars and could have retired to some island and lived happily ever after.

But, Eric Worre still wanted more and not only that, he still had more to give to the world of network marketing and business. He worked at different companies for a while to gain experience, and eventually Worre founded a television network called TPN (The Peoples Network) that focused on personal development.

So what is Eric Worre up to now?

Today, Eric Worre brings his talents to the motivational speaking circuit as he develops Network Marketing Pro, his professional Network Marketing consulting firm. Attending an Eric Worre workshop is considered a “must do” for anyone looking to succeed in the world of network marketing. With over 250,000 trained by Eric Worre, the results are here: Eric Worre is the best network marketing expert in the game today.

I just want to ask a psychic a free question

If you’re like me, I’m pretty sure seeing the word “free” makes you feel something.

How many of us have ever dreamed of entering the Ellen Degeneres 12 Days of Sweepstakes over the holiday season? What about Oprah’s favorite things? Overwhelmingly, people seem to go all out and are almost willing to sell their firstborn son for something for free. I’m a regular on cruises all year long and nothing excites me more than getting something for free in a contest or just for getting on the ship, even though I know I’ll never use the item. Truly, free feels good. Why would that be any different in the realm of the psychic?

In my experience as a psychic, I have found that people enjoy the opportunity to ask a free psychic question or get a free psychic reading. The offer is quite tempting: Potentially find out something about your future that you might not otherwise have known, that may catch you off guard or even surprise you. All this without personal investment on your part. In fact, I have no problem giving someone a free reading.

However, my policy regarding free readings and free psychic questions may be a little different than others. I’m absolutely going to do them with the understanding that what I’m going to give you is going to be pretty succinct and not crammed with a ton of detail. I tend to trade this day as a matter of principle and fairness. There are those who choose to do paid readings with me, and frankly, it would be more than a little shady to give a person who asks for a free psychic question an answer with the same level of attention or detail that I give to those who choose to do so. paid readings.

I also understand that there are people whose sole purpose in a free psychic question is to test the accuracy of their chosen psychic before they choose to invest monetarily in the psychic. This is one of the main reasons why many of my contemporaries tend to avoid doing free psychic readings and questions. Many find these tests insulting or like they are being used and I understand where my colleagues are coming from; this method can be unpleasant. I am of the school of thought that as long as the psychic’s time is respected and not taken advantage of, a free psychic question is harmless. After all, we test drive vehicles before we buy them.

All this said, doing readings for free or otherwise is always an investment of time and energy on your psychic’s part, so you should always be in a position to tip your psychic for nothing more than the time and energy they spend. invested in doing a reading for you.

There are those among us who do readings as a business opportunity and there is nothing wrong with that. This is a gift and just like singers and other artists get paid to share their gift, your psychic should also be compensated in some way whether they give you a free psychic question or not.

Feel hurt and be fair.

Understanding Activity Reasons

Understanding activity indices is a very important tool for evaluating a company’s performance. Whether you are interpreting your company’s financial ratios or evaluating another company, it is essential to understand what activity ratios indicate about a company’s performance. Activity ratios are often called efficiency ratios because they measure how efficiently a company manages its assets. Activity indices can be divided into two categories; turnover rates and days available rates.

Accounts Receivable Ratios

Accounts Receivable Turnover = Net Sales ÷ Net Accounts Receivable

The accounts receivable turnover ratio measures how many times, on average, accounts receivable are collected in cash, or “draws,” during the fiscal year.

Accounts Receivable Days Available = Net Accounts Receivable ÷ Net Sales X365

Accounts Receivable Days Available (ARDOH) is the average number of days it takes to convert accounts receivable into cash. Days available for accounts receivable measures a company’s ability to collect from its customers. This number should be compared with the credit terms established by the company. By comparing this number to previous years, we can determine if there is an identifiable trend in accounts receivable. An increase in ARDOH could mean that the company has increased credit terms in an attempt to increase sales or mismanage accounts receivable. As a general rule of thumb, the acceptable upper limit for a company’s average collection period should be 50% more than stated terms. For example, if a company has established terms of 30 days, the upper limit would be 45 days. Anything longer than 45 days would be cause for concern. If the available A/R days are lower than the stated terms, the company is doing an excellent job of collecting the receivables. If available A/R days are above stated credit terms, management may need to adjust credit to reduce receivables.

The A/R days available ratio is extremely important because it allows us to put a company’s accounts receivable balance into perspective from the balance sheet. If a company has $1,000,000 in accounts receivable, that looks good just by taking a look at the balance sheet, however, if we find that the days of accounts receivable are well above the company’s established credit terms, we should be asking how much of that $1,000,000 is actually collectible. In this case, you would like to look at the age of the accounts receivable to determine how much is likely to be uncollectible.

inventory ratios

Inventory Turnover = Cost of Goods Sold ÷ Inventory

Inventory turnover measures how many times, on average, inventory is sold during the year.

Days of inventory available = Inventory ÷ Cost of goods sold X 365

Inventory days available measures how many days of inventory a company has available at any given time. Days of inventory available should be compared to prior years to determine trends affecting inventory and the industry average. Too high a number could indicate poor inventory management or an outdated, unsaleable, or expired inventor. For example, if a company’s days of inventory on hand are 70 days in year 1 and it experiences a jump to 90 days in year 2, the company needs to understand why there was a large jump in days of inventory on hand. There can be many likely reasons for the slowdown, such as increased inventory in anticipation of future shortages, obsolete or expired inventory, or poor inventory management. However, if 90 days is the industry average, the jump may not be a major concern. It would be necessary to question management to help understand why the days of inventory available changed.

Accounts Payable Ratios

Accounts Payable Turnover = Cost of Goods Sold ÷ Accounts payable

Accounts payable turnover ratios measure how many times, on average, accounts receivable are cashed out, inventory is sold, and accounts payable are paid during the year.

Accounts Payable Days Available = Accounts Payable ÷ Cost of goods sold X 365

Accounts Payable Days Available is the average number of days it takes to pay cash. This relationship gives an idea of ​​a company’s payment pattern. This must be measured against the terms offered to a company by its suppliers. If the number is higher than the terms offered by the providers, it may be cause for concern because the providers may require cash on delivery. However, a low number of available days of accounts payable increases the operating cycle and may cause the need for external financing.

operating cycle

Another useful tool to evaluate the efficiency of a company is the calculation of the operating cycle.

Operating Cycle = A/R Available Days + Inventory Available Days – A/P Available Days

It is important to understand the relationship these three ratios have in affecting a company’s cash flow. The operating cycle is determined by adding the available days of A/R and the available days of inventory and subtracting the available days of A/P. Simply put, the operating cycle is the amount of time it takes for a business to buy and manufacture goods, pay for the goods, sell the goods, and receive cash for the items sold. If a company experiences an increase in A/R days available or inventory days available, while A/P days available remain constant, its need for external financing will increase.

Understanding activity indices is essential to assess a company’s performance and efficiency. It is important to understand how a change in A/R days available, inventory days available, and A/P days can affect a company’s operating cycle. Business owners, managers, and investors can benefit from a solid understanding of activity indices.

Estate Planning: Putting Your Ducks in a Row

Succession and Continuity Planning for your Business

Today is the first day of fall, and the changing seasons often bring a reminder that planning for the future is something we often neglect until it becomes absolutely essential.

There is a season for everything, and your business is no exception to the rule. At some point, current leaders will give way to new leaders, and whether you’re trying to keep a family business in the family or putting together a buy-sell strategy, you’ll need to consider preservation, valuation, and a model for the future. of your business.

The importance of a plan

If you don’t already have a business continuity plan, you should write one. This plan will not only benefit the next generation of leaders, but it will also provide a clearer picture of how your business is doing now and how ready you are for growth and change.

When new presidential candidates are about to be elected, many voters fear that the current incumbent will leave a mess for the next incumbent. The same thing can happen when companies change hands.

You don’t want to leave your company in its current state for someone else to inherit or incorporate. They may not be used to letting go of the things they have learned to ignore or fix, and any time someone is adjusting to a new environment, system, and set of responsibilities, the margin for error and the likelihood of mismanagement increases greatly. .

Andrew J. Sherman writes that only 35 percent of family businesses survive past the first generation of ownership, followed by only 20 percent reaching the third generation. Source: Entrepreneurship.org “Understanding the Fundamentals of Succession and Transition Planning.” Preparation can increase your chances of a near-seamless transition, so your plans should be well-structured, well-documented, and reviewed by all key team members.

The succession planning process

To prepare, you’ll need to plan each step of the process and join the people you’ve identified as the next generation of leadership. The following steps will provide the framework for the succession planning process:

  1. Identify key leaders who will be replaced by new leaders
  2. Determine the job functions and skills of current leaders.
  3. Select the most appropriate team members to participate in succession planning
  4. Discuss the differences between their current roles and likely leadership roles
  5. Develop plans for their next wave of leadership and help them carry out preparatory activities
  6. Interview and select your new leadership team and establish an orientation schedule

Putting your ducks in a row: how succession planning relates to your important paperwork

There are many important facets to making sure business essentials are in place so successors aren’t rushing to set parameters and processes around your company’s vital documentation. The following business-critical steps must be addressed now, whether the transition is imminent or a distant possibility:

1) Review important documents and records. A legal audit of your business documentation is a good way to go. The following documentation must be subject to review:

has. Administrative documents: project plans, management reports, RFP, SLA, supplier and maintenance contracts, emails, etc.

b. Plan documents: planning documents for business continuity, disaster recovery, emergency management, incident response, contingency, etc.

against Business continuity reports: business impact analysis reports, risk assessment documents, internal and external audit reports, supply chain reports, etc.

d. Team documents: emergency response team rosters, list of personnel with authorized access to certain sites or systems, and other team assignment and management documents

me. Specialized documents: awareness materials, training program materials, network and data center diagrams, alternate office location details, work area recovery site details, etc. Depending on your industry, specialized documentation may include materials that are subject to custody and retention requirements, especially in regulated industries such as healthcare, pharmaceutical, financial, legal, and educational.

F. Human Resources Documents: Personnel files (active and inactive employee files), applicant documentation, benefits and payroll information, grievance and action records, etc.

gram. AR/AP documents: invoices, purchase orders, balance sheets, cash flow analysis, loan and credit documents, financial information, expenses, accounts payable and accounts receivable, transaction records, utility bills, etc.

H. Historical documents: company formation files, articles of incorporation, control documents, reorganization and restructuring information, blueprints and other early stage planning documents, etc.

2) Make sure you have secure, redundant storage and easy recovery:

has. primary storage

b. backup storage

against desktop systems

d. Laptops and mobile devices

me. Collaboration systems, such as SharePoint

F. cloud storage

gram. remote data centers

3) Access and control of records management systems should be based on permissions for authorized users. You don’t want any files to get damaged or lost.

4) Scan important paper documents such as system contracts, SLAs, warranties and maintenance agreements in PDF format. Make sure originals are stored in secure, environmentally safe, and fire-resistant locations. Notify new leadership of this information and store master copies on-site for easy access (after ensuring they have been backed up in a secure off-site location).

5) Review or create a records management policy, which should specify which files and documents should be stored, how and where they should be stored, how and when they are updated, and when they should be backed up and when they can be backed up. delete (if ever). The policy should also identify rules for document retrieval, version control rules, document approvals, document distribution, archiving deadlines, and secure destruction rules.

6) Document management controls must be part of the audit activities of the BCMS (business control management system), at least once a year, and must be updated regularly.

7) Disaster recovery procedures, simulated scenarios, and team document recovery exercises should be a part of making sure your systems are watertight for the next generation.

8) Make a prioritized list of critical documents (enlist the help of several department heads), emergency contact lists, and other information that may need to be quickly accessed in a crisis situation. Knowing that you can effectively manage response and recovery efforts will go a long way in making sure your business is ready to change hands.

9) Have an emergency toolkit that contains hard copies of relevant documents, as well as digital versions on USB sticks or other convenient external storage devices.

10) Record and date your efforts and the results of your simulated exercises, adapting plans if weak areas are identified. This information will be critical to the next generation of leaders and will help them plan for the seamless continuity of what they have started, ensuring that their security efforts do not go to waste.

*Source: Paul Kirvan, Secretary of the US Chapter of the Institute of Business Continuity. TechTarget search disaster recovery article, Optimization of document management systems for business continuity.

Also be sure to take a look at ARMA’s Generally Accepted Record-Keeping Principles and find a trusted records management partner if you don’t already have one. His experience will span multiple industries and provide invaluable advice to inform you if your business is ready for a transition of ownership.

It’s showtime! Develop an effective video marketing strategy

Regardless of the form it takes, whether it’s an ad, a YouTube video, or a commercial with original promotional content, effective video marketing can do wonders for a business in any industry. Any business, whether a large corporation or a small business, can use digital video to increase awareness of its products and services both locally and nationally. If executed correctly, an effective video marketing strategy shouldn’t cost you a small fortune.

So how can you promote your business effectively and affordably in this age where video marketing has become the new way to reach customers? It seems like there are so many tactics and strategies involved in video marketing, and it can be challenging to know the do’s and don’ts of the various video platforms. Here are some tips on video marketing.

Where to post your videos

You have many options for posting videos online. If your business has a blog, then this can be an effective way to upload and display all of your video updates, especially if you have an RSS feed on your blog page. Also, many companies choose to market their products on video platforms like YouTube and Vimeo to reach a larger customer base. Social media posts (like on Facebook, Twitter, Google+, Instagram) give your followers instant access to your videos.

what to record

Just like a movie, a video should tell the story in a creative, engaging and close way. Whether you’re promoting a product or marketing a service, it’s important that you feature people in your videos. This could consist of people using your product successfully and/or customers providing testimonials. Try to keep each video short (just a few minutes) while telling as much of a story in a compelling way as you can. At the end of the video, provide a call to action that tells the viewer how to proceed to the next step.

When to post

A consistent, scheduled video upload schedule provides a routine that viewers can look forward to and look forward to. Depending on the pace of change in your industry, you may want to post daily or weekly to keep viewers up to date. Otherwise, once a month should suffice. There are many websites outlining the days and times each week that your video post is most likely to be viewed. These will help you design your posting schedule.

How to write an effective description

Your readers need to understand what they will see and why it will benefit them before they even hit play, so they can decide if your video is worth watching. Provide a detailed overview of the video content and be sure to highlight the key points the video presents. On YouTube and similar platforms, it can be effective to include links in your summary to other sources like Facebook, Twitter, or your company’s website, so that viewers can follow you on other social networks and contact you. Also, keep in mind that what you include in the description plays an important role in search engine optimization (SEO), which affects how your video ranks on search engines. Seek professional advice on effective ways to promote your video through these channels.

The 2 main platforms: YouTube and Vimeo

These video sharing websites are filled with every type of video imaginable, so in order to successfully market your product here, you need to stand out. You have to create videos with relevant content that viewers want to watch and share with their friends and family. You also need to make your title unique and compelling enough that it’s easy to find among all the other videos. Personalize your channel and make sure it’s easy for viewers to navigate and find what they’re looking for, and be sure to provide a link to any other social media platforms in your description.

Video marketing should be part of your marketing plan if your business has an online presence. These tips should get you started in terms of creating content, writing descriptions, and finding channels to post to. If you need additional help, consider using a professional marketing company who will work with you to develop a video marketing strategy.

Five Positive Tips for Baby Boomers: Retirement and Panic

As the 73 million Baby Boomers retire en masse, at the rate of 10,000 a day, adding more than a quarter million Americans each month through the year 2030, we enter a period of disorientation and personal confusion, tell the truth. We are a very hard-working generation, and often our careers have defined us. And we have high expectations. So our concerns are valid.

Although we have earned money through lifetimes of hard work, our savings have been affected by major declines in the stock market, the banking industry, and the housing industry. Even if we saved enough, which many of us didn’t, we’ve seen those savings dwindle dramatically, with little we could do about it.

Baby Boomers are also known to be a generous bunch. We have done well with our children, our parents, our communities, our churches. Many of us have felt the pinch of adult children who have had difficulty earning an adequate income for themselves. And many of us have dealt with aging parents who need significant help, financial or otherwise.

We grew up in an era where making a meaningful contribution was paramount to living life well. We have always wanted to make a difference. From women’s rights, to civil rights, to world hunger, to preserving the planet, we’ve always been there: marching, demonstrating, donating our funds and services. We are a generation that has always cared.

And now it’s our turn to retire. Our parents retired under a very different paradigm, generally supported for the rest of their lives by pensions provided by their employers. Not so with us. Only one in four Boomers can expect significant income from an employer-provided pension.

And we know better than to hope retirement is cheap. Statistics show that almost half of retired households now spend more money, not less, in retirement. We also know that we are likely to live quite a long time. According to the Social Security Administration, one in four people age 65 will live past 90, while one in 10 will live past 95.

So if some of us associate feelings of panic with retirement, we have a good reason. But there are positive factors that will make transformative differences in our favor. Use these five tips and considerations to your advantage to turn your own retirement years into some of the best years of your life.

  1. Time is on your side.
  2. Reinvention is the new normal. Expect to have freedom and commitment as well.
  3. If you need more money to live the lifestyle you want, earn more.
  4. Seek help with your “transition.”
  5. Feed your pioneering spirit as a role model. Lead the way.

Time is on your side.

If you have lived to age 65, you will have another 25 to 30 years to live. Therefore, she will have plenty of time to make her own retirement transition. This generosity of time can be harnessed to redirect and explore, gain self-awareness, and study the patterns and passions of your own unique and inimitable self to produce a retirement design that is optimal for you, mentally, socially, and mentally. physically, financially and spiritually. Use time to your advantage to give yourself the gift of a future that fully commits you and towards which you can and will devote yourself with vitality, enthusiasm and enjoyment. Create a retirement that will be your handiwork, not just a condition in which you wander aimlessly.

Although, as a Boomer, you are already part of the most educated and technologically savvy generation in our country’s history, you know there is much more for you to learn. With 25-30 years to go, there is no need for you to rush into the third phase of your life limited by what you already know how to do. Once you figure out what you yearn to do and be next, you’ll have the luxury of time to learn how to do it and do it well, to apply your new learning for many years to come, and even to pass it on.

Reinvention is the new normal. Expect to have freedom and commitment as well.

“Working” in retirement, with or without earning money for it, can be a meaningful activity when it’s in keeping with your truest and most naturally enthusiastic self. It is essential to understand that what we are talking about here is not simply more of the same. After retirement, the motivation to work is based on the desire to continue purpose, productivity, stimulation, satisfaction, and social connection. Gone are the days of “I’ll do anything as long as it pays well.”

Although most Boomers plan to work when they retire (71%), that doesn’t mean we’re willing to continue the same job. More than half of us (51%) plan to enter a different line of work upon retirement. Since we are looking for a job that provides stimulation and satisfaction, we will be less willing to adjust to a job and more likely to find avenues of work that suit us.

This translates into the need to reinvent yourself and then reinvent your work. Make decisions based on knowing your own true self. What are you like? (his type and temperament). What involves you? (Your interests). What has meaning to you? (its values). And what can you do well? (your skills and talents).

Then, based on what you discover, reinvent your work. Most likely, you are not interested in continuing at the same pace and level of intensity as your previous work life. And you may not be willing to choose freedom over commitment, or the other way around, when you want and can have both. According to the 2013 Merrill Lynch Retirement Study, many Boomers will seek flexible work arrangements, such as working part-time (39%) or going back and forth between periods of work and periods of play (24%). Others will start businesses or companies, offer services, create, perform, invent, train, guide or advise.

If you need more money to live the lifestyle you want, earn more.

In the past, the focus of retirement planning has been to save and invest money during your prime working years so you can live on passive income in retirement. To the extent that we have been successful in this task, or have the benefit of increasingly rare employer-provided pensions, this passive income can provide a solid foundation after we retire. But this base income certainly does not define or limit our potential lifestyle. Retirement does not have to mark a shift to only passive income or the end of active income. It’s much better, and probably more realistic, to think about having a little of each!!

With the advent of computer-based work, locating and executing employment contracts can be accomplished without ever leaving your home. The world can be your market for the services you offer, the art or crafts you create, the books or courses you write. Once you redefine yourself and decide what your purpose will be from this point on, you will have many options and scenarios moving forward.

If your dream has been to travel in retirement and you don’t have enough money to do it, go ahead and earn the money you need to travel and fly to France and Italy for a month. If you want to buy books, or season tickets for the Symphony, or even a boat… work on as many “concerts” as you need to achieve your dreams. Don’t fall prey to the mentality that you will always be forced to live on a fixed income.

Seek help with your “transition.”

Retirement and the considerable challenges of planning for this dramatic transition is not something you should face or plan for alone. Although it may sound simple to discover what you are uniquely and even passionately prepared for in your remaining years, this will be a process, not an event.

After decades of being defined by work, it’s no easy task to change this so that you define work. You’ll also be fully in charge of establishing your new work-lifestyle balance. Without a plan, you could waste precious years of this pinnacle moment in your life. These life and work redesigns become even more complex for couples, each of whom will need to create an individual vision and then, through a series of conversations, build a shared vision that takes into account what each needs and wants.

During this essential transition period, give yourself permission to seek the help you need to get it right. Although in the past most so-called Retirement Counselors have focused exclusively on financial matters, the emerging industry of Certified Retirement Coaches, Retirement Therapists, and Transition Counselors has become an excellent source of assistance, offering individual consultations, as well as group sessions. In addition, there are a number of helpful books on the retirement transition, particularly those that offer assistance with self-analysis and career change. Try searching for “life and work after retirement” to identify resources to guide you through the transition process.

Retirement is a time of rediscovery, followed by essential decisions about what to do and be, achieve and contribute, for the rest of your life. It is worth spending energy and time, as well as resources, on your own future.

Feed your pioneering spirit as a role model. Lead the way.

As we 73 million Baby Boomers redefine the process, face, experience and outcomes of retirement, we will ultimately show future generations how it can be accomplished creatively and appropriately. This will provide them with all the essential models for their own lives in later years. And with 73 million Boomers going through these changes in less than two decades, there will be a great need and demand for more retired coaches in the years to come. So once you get your own retirement transition right, you may choose to offer the necessary guidance to other Boomers.

Find venture capital investors

Often finding venture capital investors is a bit easier than finding angel investors. This is mainly due to the fact that venture capital firms present themselves as professionals looking to invest in small and medium-sized businesses. Many angel investors generally do not advertise that they invest in small businesses, as they are simply individuals and not large corporations looking to make a name for themselves within the industry. As such, it is relatively easy to find these VC investors. First, when looking for this type of financing, you must first determine whether or not it is a good fit in terms of its ability to provide a substantial return on investment. In many cases, these companies will want to see that their business can grow at a rate of at least 30% per year if they don’t hire. As such, if your business can’t support that kind of growth, then it may be in your best interest to work with a middle-market funding source that will be able to provide you with the capital you need without requiring you to sell a substantial portion of your business.

Any time you work with venture capitalists, you can anticipate that they will want to have at least a 70% majority stake in your business. This is due to the fact that these companies need to produce very high returns on their investments for their investors. Also, most venture capital firms provide more than $5,000,000 for companies. As such, it is extremely important that you have a rapidly growing business that can support that size of investment. If you can do this effectively, your chances of receiving money from a venture capital firm will increase significantly.

In closing, VCs are a great way to fund a great business concept, new technology, or fast-growing business. However, the tremendous disadvantage of this affair is that they will want to take a substantial part of the business. At any time they can replace you with a different CEO if they feel you are not growing the business fast enough. However, if you are a savvy businessperson, then you may find that working with a large equity investment firm or related brokerage firm may be in your best interest. As always, you should have the proper accounting and legal advice on staff to ensure you get the best possible deal from these funding sources.

What to Look For When Buying a Mini Excavator for Sale

Buying a Mini Excavator for Sale

Whether you are buying a mini excavator for sale for a personal project or you are buying a larger model for your business, it is important to be aware of the features and benefits of this equipment. The main difference between a mini excavator and a full-sized model is that the former is a lot smaller and is often designed to work on smaller job sites. It can be used in a variety of applications, from land clearing to road building. However, it is also important to be aware of the potential hazards associated with these machines.

mini excavator for sale come in a variety of different sizes and power ratings. It is important to consider the size and weight of the machine when shopping for one. A mini excavator that is too heavy can cause problems when moving and hauling the machine. Similarly, an undersized excavator won’t be able to handle larger jobs safely. The cost of fuel is also a significant factor in the total cost of ownership. It is important to factor in your local fuel prices when buying an excavator.

It’s also important to consider the safety features of your mini excavator. A good mini excavator should be equipped with an anti-theft mechanism. It should also have a good quality hydraulic system. You should also be able to use it in both forward and reverse motions. A mini excavator that does not have a good hydraulic system could potentially cost you a lot of money in repairs and downtime.

What to Look For When Buying a Mini Excavator for Sale

Mini excavators are also often equipped with hydraulic breakers. These breakers allow the operator to change attachments without the use of tools. This can be a very useful feature if you are constantly changing the types of attachments you use. The JCB 8025 ZTS mini excavator is one example of a compact machine that is designed to be easy to use. It is also very popular because it is easy to clean.

Another feature to consider is the slew ring. This feature allows the front of the machine to move smoothly up and down, which is important for avoiding damage to the machine. The slew ring should have flat teeth at the ends of its shaft. If it has pointed teeth, it may be a sign of abuse. This feature is also important if you are planning on using the machine for digging deep holes.

A grapple is one of the more popular accessories for mini excavators. These grapples are usually equipped with rubber jaws and allow you to move concrete or masonry. They may also have a 360-degree rotator. This feature is especially helpful if you are working in a tight space. A grapple can also move a lot of weight, which is important if you are planning on moving large loads of material.

Buying a mini excavator is a big decision, and it’s important to do your homework. You should consider the age and size of the machine, as well as the attachments you are planning to buy. You may also want to get some training from your dealer. They will be able to offer you instructions on proper operation and safety practices. They will also be able to help you determine the right size of material handling equipment for your particular needs.