Your Home Business Opportunity Checklist

A Home Business Opportunity is a great journey to embark on. While it can be a complicated task, having a handy checklist will help keep you on track. If you begin with a good working plan your Home Business Opportunity will get off the ground without a hitch.

The first step in starting a Home Business Opportunity is creating a business plan. It is essential that you have a plan to detail what you want the Home Business Opportunity to be and where you want it to go. Establish goals you intend to reach and when you want when you want to achieve them by. How much money do you have to invest in the Home Business Opportunity? What type of schedule will you be able to work i.e. how much time can you dedicate to your Home Business Opportunity every day? What is your launch date, don’t procrastinate? All of these things should be figured out before you actually put things into motion for your Home Business Opportunity.

What type of Home Business Opportunity are you starting? Will your Home Business Opportunity be based on a current hobby/interest or will you start as most do by being an affiliate marketer? This all depends on the money you have to put up and the type of business you will be starting. Make sure that you are realistic.

The laws regarding your Home Business Opportunity do vary from state to state and country to country. There are many tax benefits associated with operating your Home Business Opportunity that make the venture even more attractive, so make sure you maximize them.

Probably the most important part of starting a Home Business Opportunity is your reason Why I say this because as with any business online or offline you will most likely be spending more than what you earn in the first couple of months. You need to have very strong reasons for why your Home Business Opportunity is going to be successful because you will have times of frustration and doubt but to be successful you need to push past that.

In establishing your reasons why you want a successful Home Business Opportunity they need to be such that if you don’t make a success of it, what is going to be the result of that and are you prepared to accept that because again if the Why is not strong enough it is easy to give up and let someone else decide your fate. Not a good option I would have thought.

When looking through the myriad of Home Business Opportunity that are available today it is easy to become confused so you need to abide by certain criteria when making your selection.

Some of the things that I suggest in making the right choice for a Home Business Opportunity are;

If it sounds too good to be true then it most likely is, a Home Business Opportunity is like any other opportunity and that is the path to riches takes …

How to Create a Financial Report

Recorded on a special form every month, a financial report is basically a record of receipts and expenditures. When a financial report is created, total receipts are recorded and expenditures are itemized every month. As long as this is done, creating an annual report becomes easy as the fiscal year draws to a close. All businesses, regardless of where they are located prepare financial reports. For instance, you prepare financial report Singapore, US, etc. The primary purpose of creating a financial report is that it aids business owners in analyzing profit and loss and considered essential in obtaining finance.

Follow these steps to make a financial report:

1-     Monthly expenditures should be separated into categories such as utilities like electricity, garbage, water and telephone, vehicle expenses would include fuel expenditure, repairs and maintenance, depreciation and leases, labor expenses would include, salaries, wages and bonuses, office supplies, insurance and materials.

2-     There are different types of finance reports that can be made and a business needs to decide the one that will benefit it the most and can be created every month easily. There are software available these days that provide the formats for most financial reports.

3-     The monthly expenditures should be added to the report in the appropriate category. You have the option of adding the category if it doesn’t already exist.

4-     You should also make a category dedicated to annual expenses. The annual amounts should be placed after writing the name of the expense and then dividing it up by 12 for determining the average monthly expenditure.

5-     Add the monthly expenditures together to obtain their total and enter them in the correct category.

6-     The monthly receipts should also be entered and totaled. As a business owner, you have the choice of separating the cash sales from the accounts that make monthly payments. The total amount of income and sales should be placed in the correct columns on the financial report.

7-     You can calculate your monthly profit by separating the total expenses from the income and cash sales of the month. When the fiscal year comes to an end, preparing a financial report for the year is now easy since you have a financial report for every month. With the final profit and loss statement, you can judge the success of the business and apply for finance accordingly.

These instructions are suitable for small businesses, but they can only be understood and performed by someone who has some accounting experience. Most businesses cannot afford to hire such professional on a full-time basis. In this case, they can choose to use professional accounting services. These services specialize in making financial reports and other related document and are aware of the format to be followed. The best part is that there are numerous such services available these days such as Koh Management, which are highly reliable and can provide impeccable financial reporting filing services to small, medium and large-scale businesses at a very reasonable and affordable cost. …

What is a Ppo?

The idea of a preferred provider organization is that the providers will provide the insured members of the group a substantial discount below their regularly-charged rates. This will be mutually beneficial in theory, as the insurer will be billed at a reduced rate when its insured utilize the services of the “preferred” provider and the provider will see an increase in its business as almost all insureds in the organization will use only providers who are members. Even the insured should benefit, as lower costs to the insurer should result in lower rates of increase in premiums. Preferred provider organizations themselves earn money by charging an access fee to the insurance company for the use of their network. They negotiate with providers to set fee schedules, and handle disputes between insurers and providers. PPOs can also contract with one another to strengthen their position in certain geographic areas without forming new relationships directly with providers.

What is a Health Savings Account (“HSA”)?

A Health Savings Account is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.

You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs. An HDHP generally costs less than what traditional health care coverage costs, so the money that you save on insurance can therefore be put into the Health Savings Account.

You own and you control the money in your HSA. Decisions on how to spend the money are made by you without relying on a third party or a health insurer. You will also decide what types of investments to make with the money in the account in order to make it grow.

What Is a “High Deductible Health Plan” (HDHP)?

You must have an HDHP if you want to open an HSA. Sometimes referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensive health insurance plan that generally doesn’t pay for the first several thousand dollars of health care expenses (i.e., your “deductible”) but will generally cover you after that. Of course, your HSA is available to help you pay for the expenses your plan does not cover.

For 2008, in order to qualify to open an HSA, your HDHP minimum deductible must be at least $1,100 (self-only coverage) or $2,200 (family coverage). The annual out-of-pocket (including deductibles and co-pays) for 2008 cannot exceed $5,600 (self-only coverage) or $11,200 (family coverage). HDHPs can have first dollar coverage (no deductible) for preventive care and apply higher out-of-pocket limits (and copays & coinsurance) for non-network services.

How can I get a Health Savings Account?

Consumers can sign up for HSAs with banks, credit unions, insurance companies and other approved companies. Your employer may also set up a plan for employees as well.

How much does an

Whats the Best Way to "Earn Money At Home"?

It is a very popular idea to be your own boss. You are afforded the flexibility to work your own hours and you are accountable only to yourself. However, being self employed is not easy. It takes time and dedication and a lot of discipline. Some people are not cut out for it. To earn money at home you need to find a career opportunity in which you are skilled and feel you can excel at.

Anything relating to cooking is a great way to earn money at home. If you are skilled with baking or cooking you could try packaging your goods and selling them from your home. You can use the Internet to market your wares as well as contacting local businesses and restaurants. Sending out samples of your product may entice others to purchase a bulk shipment. The cooking and preparation can all be accomplished from home. Marketing and advertising can also be done from home with the use of the Internet.

Opening a day care in your home is another great way to earn money at home. This is an especially good business for stay at home parents who are looking to earn a little extra money. You will be doing a lot of the same activities as you already are but earning some money on the side. There may be certain regulations you will need to abide by and special licenses to obtain but that is true in most start up businesses. This business requires low start up costs and low overhead. Simply make sure there is a safe area and have some toys and nutritious snacks available.

Artists and craftspeople earn money at home by working at their chosen craft from home and using the Internet to market and sell their items. Photographers, painters, woodworkers, jewelry makers and seamstresses are examples of some of the artisan jobs that can be accomplished at home. Putting your items on websites that are dedicated to the particular craft is a good way to market. You can also develop your own site and use marketing tools to promote it.

Writers often work from home. There are a lot of freelance writing sites that pay for articles, web content, books and fiction. If a person has a knack for writing, this is an ideal way to earn money at home. The overhead is virtually nothing. You can choose to market yourself by putting samples of your writing style on a website. You can also bid for work based on the parameters outlined by the buyer.

The Internet plays a large role in the availability of jobs that enable you to earn money at home. People who are skilled with the Internet and computers will have a very easy time finding work at home opportunities. A programmer can easily develop a program per the client’s specifications and send it to them via email for use in their application. Web designers also often earn money at home. They talk with the …

Financial Calculator – Choose the Best

Let’s look at two of HP’s most reputable business and financial calculator that have done really well for a market segment that needs speedy answers to complex statistical data, mathematical and financial data. The two calculators that we are referring to are the HP 12c Platinum Financial Calculator and the HO 17bII + Financial Business Calculator. Although the basics of these two upbeat calculators are almost similar, as they have been constructed to meet similar requirements, there seems to be a few differences. For instance the HP 12c Platinum Financial Calculator is an advanced version of the HP 12c Financial Programmable Calculator. While the HP 17bII + Financial Business Calculator is a super version of the HP 10bII business calculator.

Let’s look at both these calculators and understand its unique features.

HP 12c Platinum Financial Calculator

This version of the HP financial calculator is a collector’s edition as it is the 25th anniversary special.  The platinum version is an excellent calculator for those who belong to the real estate, accounting, business, finance and economic industry. This calculator has been tested over time and with its 120 built in functions, it sure has a lot of followers. These followers have excellent reviews for this calculator and rely entirely on it to give them accurate calculations which otherwise would have been difficult without the help of its functions. This calculator has a memory capacity of 399 steps which is truly commendable and thus this is the reason why it can give you accurate results for long complex calculations. You can even make use of its time and date management which aids in date arithmetic, which is essential for any financial or investment planning. With a range of functions separately for business, finance, mathematical and statistical requirement you can rely entirely on this calculator.

HP 17bII + Financial Business Calculator

This financial calculator is an excellent tool for those working in real estate accounting, finance and business.  Because of its easy to use and powerful functions you can calculate loan payments, conversions, interest rates, percentage, standard deviation, TVM, IRR, NPV, bonds and cash flows accurately and easily.  This calculator comes with a memory span of 28K and with over 250 functions that help perform several complex calculations on them.  A few features that are embedded in this financial calculator are fixing appointment, clock, algebraic data entry; menu prompts, HP solve application and message you will never miss out on anything that you find important. This calculator infact works like the smallest of smallest pocket computers that not only lets you enable the alarm, but also gives you reminders of appointments.  The prompts and messages again are a new feature and has never been used in any of HP’s other financial calculators. This financial calculator has been permitted for exams like the CFP certification exam. Like the other HP calculators this one also works to preserve its battery power with the auto off feature. This feature turns off the calculator if not used in …

Financial Calculator, Some of the HP’s best Financial and Business Calculators

If you are looking for a financial calculator that will fulfill all of your requirements be it complex mathematical, statistical, and even financial calculations then you need to check the HP calculator for all your business and financial needs. HP has been a pioneer not only in calculators but also in other technological products that are favored the world over.  These calculators are excellent not only for those in the finance industry but also business men who need to rely on calculation results that are quick and accurate. Let’s look at some of these top HP financial and business calculators that are on sale.

HP 20b Financial Calculator

This calculator is said to satisfy every businessman, student and financial professional’s requirements. Its unique and slim design and sleek glossy finish has also found favor with those who are looking for style along with extreme usability. The HP 20b business calculator like all the other HP calculators is easy to use. The instruction manuals that come along with it are easy to understand and apply for a better output. It is excellent for all your finance, real estate, and business requirements. With instant results because of its intuitive layout and its CPU processing speed ensures that every professional gets their mathematical and statistical data quickly.

HP 10bII Business Calculator

This financial calculator by HP is an excellent choice for every kind of financial and business professionals whose job relies on instant results.  With more than 100 business functions embedded in this calculator you will get results quickly as well as accurately. The calculator will help you calculate interest rates, standard deviations, loan payments, conversions, percentages, TVM, NPV, IRR and even cash flows. Its algebraic notation makes handling of this financial calculator easy even for the novice user. The keypad has a generous amount of spacing between keys your fingers will never hit the wrong number or functions. This is an excellent investment for real estate agents and real estate developers because of its user friendliness.

HP 12c Financial Programmable Calculator

This financial calculator has stood the test of time and hence is a favorite among financial planners who love calculating their taxes on the HP 12c Financial Programmable calculator. The layout on this calculator is easy to use and a lot of consideration has gone into it by its designers.  Financial planners love this calculator and you will find one on almost every financial planner’s desk. This calculator therefore has a lot of positive reviews and those using it will never think of even looking at another financial planning calculator. This calculator is excellent in assisting you in calculating interest rates, loan payments, conversions, percent, standard deviations, TVM, IRR, NPV, bonds, cash flow and much more.  With over 120 functions that are built into its system you will never be disappointed. This calculator has also been permitted in exams like the CFP, GARP FRM and CFA certification exams.…

Tips on How to Save on Car Insurance

Money talks, they say. Maybe! For most of the time it’s true knowing that we are living in a material world. People do anything that they can to save money, because obviously, you cannot have it in just a snap of the finger.

For most people, car insurance is the single largest Insurance expense after health insurance. It seems that its rates are high and are forever climbing. So if you want to save money, here are some tips to lower your car insurance.

It pays to shop and compare. Regulatory changes at the state level may have encouraged new companies to jump into the market, thereby increasing competition and reducing rates per consumers.

Another way to reduce the rates is to increase your deductibles. A 200-dollar deductible sounds wise until you learn that the cost for having a deductible at this threshold can drive your rates through the roof. Considering a deductible of $1000 to save on premiums, you can fix minor mishaps on your own.

Consider dropping collision if your automobile is worth less than two or three thousand dollars. if your car is totaled, you assure that you will get nothing from your insurer. But the savings you realize by dropping collision coverage can be used as a down payment for your nest car.

Most companies give discounts if your car has safety features like airbags and anti-theft immobilizers. Older cars, for the most part, do not have airbags, but if you have a model that has airbags, you will save money on your insurance.

If you drive your car for business, a portion of your insurance costs may be deductible. On the other way around, you rates may be increased if your insurer knows that you use car more for business than pleasure.

Another one is to combine policies. Purchase your homeowners, auto and life insurance policies from the same broker and you may save on your premiums. Sam insurance companies reward policy holder if they “one shop” purchase all of their insurance needs through one company.

Consider the car before you buy it. Maybe a less sporty model car would be ideal than a Porsche Boxster that could sharply raise your insurance rates.

Driver’s Education course is also a factor in determining you premium. Let your insurance company know that you are a safe driver.

If you had moving violations that were reported to you insurance company, make sure that your insurer adjusts your premium downward if several years have gone by since the occurrence. You could be paying a higher premium that you actually don’t deserve.

It is also a must to check you policy if the insurer has the wrong address, town or zip code on your policy, you could find yourself paying more than you should.

Reducing your car insurance costs should not be an impossible feat. These few tips can help you realize how much savings you can get the next time your policy comes up for review. …

SBA Loan Financing, The Major Benefits

For business owners considering SBA financing as a way to either purchase or refinance a commercial property for their business, there are many distinct benefits over comparable conventional bank financing with the SBA programs.    The main benefits of SBA financing include, higher loan to value, reliability of closing, and good loan programs.

SBA Loan Financing

90% financing via the SBA loan program is common on purchases whether via the SAB 7a program or the 504 program.  85% financing on refinances is common on the 7a program as well.  Comparable conventional loans are for the most part capped at 65 -70% of purchases and 55% – 60% on refinances. 

For most small businesses keeping as much cash in the business, and not tying it up in there building is critical.  Reserve are absolutely needed to help weather the ups and downs of day to day business.  Running out of cash is one of the leading causes of failed businesses. 

SBA Loan Financing – Reliability of Closing

Banks are very skittish these days.  They underwrite files with more of an attitude of “how can we decline the file” rather than “how can we get this done.”  You probably have friends (or you may have lived through this yourself) with horror stories of being tied up with a convention bank for months, waiting for them to make some kind of decision.  Being strung along, month after month. 

The officer at the bank maybe telling you some kind of issue they are trying to figure out or get over, but for the most part the real issue is there is something going on internally with the bank.  Perhaps they have a liquidity issues, have lost their confidence in taking more risk, etc. 

The point is that the backing that the SBA provides for banks, makes them much more willing to lend.  90% of the loan (on SBA 7a’s) to guaranteed by the government.  This additional guarantee is often the difference between a funded loan or a drawn out decline.  SBA financing is easily the most reliable form of financing in the business today for small business owners. 

SBA Financing – Good Terms

The SBA 504 program offers the longest fixed periods in the market as well as very low rates on purchase transactions.  For example, as of this writing the SBA piece on the 504 is now at 5.14%, fixed for 20 years…  This is the lowest it has ever been.  And again this is at 90% financing. 

Longer amortization periods also equal better cash flow for businesses.   Most conventional banks, if they are really willing to lend, won’t go over 20 years.  Many are capped at 15 year schedules.  The SBA 7a allows for 25 years and also enables the borrower to add working capital, consolidate debt and perform renovations to their property.…

Sell A Business

Are you planning to sell your business? Are you looking forward to the day when you can retire from your entrepreneurship? Or are you facing many problems in running business successfully? Selling your business will be one of the best options for you. Selling a business is not only to look for a buyer and sell it. You should know the complete procedure to sell a business legally to a buyer. If you are not aware about how to sell your business, there are number of online and offline sources available that will help you out thoroughly. You can simply read the books that provide the complete details about how to sell your business by following legal procedures.

There are number of documents that you should prepare before selling your business. You have to perform many steps like meeting a broker, preparing the documents, meeting buyers, show your business or company, etc. When it comes to sell a business, the first step you have to perform is to get an official business appraisal of your corporation. You can even consult a business broker and take help from him or her in order to get the business appraisal. The broker will also help you in preparing all the required documents of your business.

Prepare a worksheet that shows the detail information about the company’s profit and loss of last three years. The worksheet should include the details about tax returns, depreciation deductions, payments, interest expense, interest income, and any other items of expense. Then you can hire a business attorney to get a professional outlook of your company’s current market value. The business attorney can also provide you tips on how to sell a business with current market value. There are number of companies available in the market that help people in buying and selling businesses.

You can simply locate the reliable company that can help you in selling your business without any hassle. These companies help their clients to prepare all documents and connect you to a number of qualified buyers. In addition, they can help you selling your business at best price. There are plenty of websites available that also help people sell a business at best price. You need to find out a reliable website and then register the details of your business. The companies that work online will provide with many buyers that are interested in buying your business. The choice is yours whether to use online or offline source to sell your business.…

Financing An Import / Export Business

I think the best way to finance an import / export business is to establish a line of credit with your vendor / supplier. Once you have proof of concept by showing cashflow, it should be easier to either increase your credit line, pull in angel investors or get listed. You might want to consider the SGX or BSE, because you don’t need as high of a market cap to get listed in their dollars. Later when you get big, you can use the NASDAQ.

The main thing your vendor / supplier will want is to meet with you and determine if you are financially stable enough to open a credit line. If you don’t already have an existing company with a bunch of suits to impress them, try letting them pull your credit (if its 730+) and provide a personal financial statement to show that you aren’t going to disappear (you must show assets like a nice house). If you don’t have a 730+, I may have a couple of good suggestions.

Note: In this economy it’s still beneficial to go public. Many entreprenuers think they should wait until the market improves. However, it will look better to investors if the company starts when the market is at rock bottom and then grows substantially as the economy recovers. Plus going public with a small percentage of your stock offers a lot of advantages, which includes money for advertising, expansion and eliminating debt financing. If you want to find out what your company is potentially worth, the following formula works in most situations. Take your company’s Net Annual Income multiply it by ten years and then multiply it by the average price to earnings ratio for your industry segment. This can be done by selecting three to five similar companies and then taking the average of their individual P/E ratios. Hope this article was helpful. Feel free to contact me if you want to go public.…