For the budding entrepreneur who made a resolution to start a business in the New Year, there are literally 100 things to consider before taking a risk in the marketplace. Here are a few tips to get you started that will address the most pivotal steps needed for success in every industry.
A woman attending a business symposium at Bethlehem Baptist Church wanted to know how she and her husband could prosper their small family-owned business in the Hollywood community in North Memphis, although neither one has been paid a salary in five years.
Natasha Donerson, CEO of Success Unlimited, a coaching and consulting firm serving businesses throughout the world, took the question and asked the woman about location, number of employees, how long she and her husband had been in business, their product, and whether they'd consider moving.
As people work longer, they often carry major financial responsibilities, such as mortgages and college loans, into their later years. Someone who has high medical expenses or a spouse who no longer works may have to shoulder a heavier load than a younger person.
If you're still working, have you considered what might happen if you were suddenly unable to earn a paycheck as the result of an illness or injury? Would you have to dip into your retirement savings to pay bills? Could you afford your medical expenses if you lost your income?
Economic downturn and declining job forecasts can paint a dismal picture of the future. A resume must paint a better picture in five areas to showcase an applicant as the ideal candidate.
The modern resume tells an interesting and quality story about a person's life experiences through its appearance and by highlighting professional objectives, academics, leadership skills and special talents.
Church choirs and performing arts schools are filled with talented folks that can blow the church doors off the hinges. Few, however, will become stars.
With the powerful and versatile voices of Patti LaBelle and Whitney Houston as contrast, we note that more and more of today's stars are studio auto-tuned performers. Teams are creating performers rather than singers. When a team happens to meet a true talent that can perform, the team's job just became easier.
It's not a good sign when people raid their retirement plans to pay bills, college tuition, or auto repairs, but more workers have been borrowing from their accounts or taking hardship withdrawals in the past few years.
At the end of 2010, 28 percent of active 401(k) participants had outstanding account loans, and another 7 percent took early withdrawals. In 2011, retirement savings account loans rose by 20 percent across all demographics.
Many people think trusts are only for the rich, but that's not necessarily the case. Most estates must go through the probate process, which can be costly and time-consuming. And with tax changes scheduled to take effect in 2013, even modest estates could be subject to federal estate taxes. Certain types of properly executed trusts may help avoid both of these potential liabilities.
Trusts can also be used for other purposes, such as to provide for a dependent with special needs, to maintain control of a legacy for your heirs, or to make a substantial contribution to your favorite charitable organization.