April 22nd, 2013
You often hear that in business honesty is the best policy. But does this oft-quoted line hold any water? Is honesty really the best policy? It is hard be believe when you see so many successful people who you know are phonies and so many unsuccessful people who you know are genuine and honest.
However, if you look at the evidences, in the long run honesty does really seem to be best policy because dishonest people will be eventually be caught and meet their downfall. Let’s check out some facts:
- Charles Ponzi, the guy after whom Ponzi scheme is named, made millions by running a fraudulent investment scheme that promised to give fantastic returns to investors. He was eventually caught and spent several years in prison and died in poverty.
- Bernard Madoff, former NASDAQ chairman and current inmate, made billions by operating a Ponzi scheme, considered to be the biggest financial fraud in the history of USA, through an investment company he founded. He was eventually caught and sentenced to 150 years in prison.
- Dennis Kozlowski, former CEO of Tyco International and current jailbird, siphoned off millions of dollars to his personal coffer without the knowledge of investors. He went so far as to throw a $2 million birthday party for his wife in a Mediterranean island. But he eventually met his downfall and is in prison for 8 – 25 years.
March 7th, 2013
Relocation doesn’t have to be a chore – after all, it’s the beginning of a brand new adventure. Whether you are moving to a new home or a new part of the country, arm yourself with the tips you need in your moving arsenal to make it a stress-free experience. Take a look at the top tips you need to move with ease:
- Have insurance sorted out: Building and contents insurance for the next place that you will live in has to be sorted out before you move. It is only when an emergency happens such as theft or a fire that these types of insurance policies prove how much they are worth.
- Choose the right moving company: The right relocation and moving company can assist you with the logistics of moving. It can be tricky to manage what items should come of your home first and how to deal with the stress of moving. When you have an extra pair of hands at the deck, you know that it is easier to deal with relocation.
- Deal with excess items appropriately: When you are moving, this tends to be the time you realise what types of items have been laying around your home without being used. You could decide to have your own mini car boot sale around the time you are moving to raise extra cash. You could also sell excess items online – whatever you decide to do, just remember to have an action plan on how you should deal with excess items in your home.
- Pick the right storage company: You might need to store some items that are difficult to move especially if you are moving to somewhere that is smaller. You could use a storage company as a temporary measure while you get settled into your new home.
- Write a checklist: One way to avoid any stress when you are moving out is put pen to paper and write a thorough list of what you need to achieve. If you are only moving out by yourself, you can write a flexible checklist. If you are moving out with your family, your list needs to be bigger because there are more people to cater for.
- Calculate a budget for moving: It’s also important to keep an eye on the pounds and pennies that you need to spend for moving. The best investment you can make is investing in a moving and relocation company because this company is focused to giving your value for money.
- Clean your home: Cleaning your former home is one of the most vital steps you need to take when you are moving. This is especially important if you don’t own the home; your landlord needs the property to be clean in order for you to reclaim your deposit.
Moving and relocation can be a smooth process without any creases. Just employ some of these top tips and the expertise of a moving company to get started.
This is a guest post by George Watts, a part-time guest-blogger and a full time insurance specialist. According to InsuranceTown.com he recommends everyone to research and compere insurance rates before requesting a quote.
March 1st, 2013
In today’s complex and competitive business environment, you can face legal problems at any time and from any quarters. Therefore, the importance of a good business lawyer to advise you and assist you on constantly on all legal aspects of your business cannot be overstated. However, with such a glut of lawyers trying to get you to hire them, it is easy to hire the wrong attorney for your business.
When hiring lawyers for your business, you should go for the ones who specialize in the legal matters pertaining to businesses. Besides advising and assisting you in routine matters, they should also be able to handle every type of lawsuit. You can ask your friends and business associates to recommend a good one. If you know of a good law firm in your area, it’s a good idea to approach them.
You can visit the website of the American Bar Association (ABA) and go to the ‘Hire a Lawyer’ section. There you will find every kind of lawyer you want. You can also go websites like Findlaw that provide commercial lawyer referral services. These websites make available details of the lawyer’s background, areas of specialization, published works, accomplishments and other relevant information.
February 27th, 2013
Running your own business gives you the kind of independence that no other occupation gives. You are your own master and get to work in your own convenience. But not everyone is born to be a businessman. It’s not just about education, skills and money; it’s about the kind of person you are and the goals you have set for yourself.
Should you become a business owner? Before deciding to start your own business, take a good look at yourself. Do you have an entrepreneurial mindset? Do you possess special skills that you can use? Do you like dealing with people? Can you take risks? Will you be happy to work at all odd hours? You should ask yourself these questions and give yourself truthful answers.
Only after you are sure that you can run a business and would be happy doing it should you decide to start a business. If you would rather work for the government or someone else, then you shouldn’t start a business. To be successful, you should choose the business that you will be happy doing. Otherwise, you will soon lose interest in your work and then end up losing your money and business.
January 9th, 2013
Starting a business is something almost every one of us desires to do. Successful entrepreneurs have made us believe that it’s all roses and financial freedom while it may be even more stressing than employment. For those who are budding to become their very own bosses, here are some things you need to be aware of:
You will have less time for yourself. Building a business is like raising a child; you invest all your time and energy into making sure that it succeeds hence takes up all your attention. This means that you may have even less time for your family before the business can stabilize and run itself.
The second thing you need to know is that it may take you some time before you can actually begin making profits. The first months of operation are usually a struggle and you may need to get back into your pocket to help sustain the operation. This is why it is recommended that you do not quit your job until your business is stable.
Finally, you need to know that most business start ups do not succeed and you need to keep reinventing yourself in order to truly grasp what the market is after.
November 17th, 2012
In order to start a business, you need to have the proper documentation. These documents are what enable you to carry out your business legally. The documents may vary amongst different ventures and some industries such as healthcare and the food industry may require more permits than others. Below are just some of the legal documents needed:
Every business entity needs to have a business license. If you are running a business without a license, the state doesn’t recognize it and that makes it an illegal business.
A license gives details on the type of business you have, its purpose, location and also includes names of the owners.
If you are engaged in selling items, you need a sales tax permit. This permit is fairly easy to complete unlike other legal documents. If your business is operating in a number of states, you need to fill out a sales tax permit in the other states as well.
For those starting a corporation, you will need articles of incorporation also known as certificate of formation, charter or even certificate of organization. This vital document makes the corporation a legal one. Though corporate bylaws are not submitted to any government organization, they are a requirement.
October 27th, 2012
Lawyers have become so specialized these days that many of them they work only in the field of their specialization and charge your huge amounts of money. But if you think you can save money by hiring a generalist lawyer, then you can forget the idea. When things start to get tough your generalist lawyer will start talking about a specialist.
A business lawyer is one who specializes in assisting you in every legal aspect of your business. Starting from registering a new business to registering trademarks and copyrights to hiring and firing of employees to handling lawsuits, a business lawyer makes the way smooth for your business to grow and prosper.
Here are some of the things that a business lawyer does:
- Negotiate lease and rent agreements on your behalf.
- Register your business with the federal and state level tax authorities.
- File patent or trademark (for your new products and ideas).
- Advise you on how to fire troublesome employees.
- Advise you on legal actions against your competitors and file a lawsuit if necessary.
- Handle lawsuits filed against your company by the government, your competitors and clients.
- Advise you on any legal matters that may arise in the course of your conducting business.