Are you thinking about setting up your own business? Have you an idea for a new business but are unsure about how to proceed?
If you have answered yes to either of these questions, this article could be of benefit to you. I am going to write about how to plan and create a successful small business.
Are you thinking about setting up your own business? Have you an idea for a new business but are unsure about how to proceed?
If you have answered yes to either of these questions, this article could be of benefit to you. I am going to write about how to plan and create a successful small business.
Many people are looking at ways in which they can become self-employed as they have had enough of being dictated to and fed up of long and frustrating commutes to work. FREE INFORMATION
They want the freedom of being their own boss and to be able to choose their own hours of work.
Leaving a full time career can be quite a scary prospect however. The security of having a regular income and other benefits such as a pension and a share save scheme can seem hard to let go.
I am sure many people whether rightly or wrongly have opted to stick with this security and to merely keep their business plan as an idea, which they never see through or use.
Other people are willing and happy to take the risk and see it as a way of getting out of the rat race.
When you have an idea for a new business you then need to think of a name to call it. I would keep this name quite short as it makes it easier to remember for people.
It obviously needs to have something to do with the business sector you are entering.
You will now need to work out how much money you will need to set up the business. This can be quite daunting but is essential.EARN ADDITIONAL INCOME
In the short term I would advise to keep these start up costs as low as possible, you can always buy or rent better machinery in the future as an example.
Once you are aware of how much money you need, you then have to find it. You may have enough yourself via savings or a redundancy payout, however most people are not in this position.
If you do not have enough money, you could try and raise money via the family, by seeking a partner or by releasing the equity from your house. There is also the option of a business loan.
The next stage is to market your product or service. There are many ways of doing this including:
The internet via a website
An advert in the newspaper
Direct marketing in the form of leaflets
An advert in the yellow pages
Exhibitions
Trade fairs
I would advise finding out where other people from your industry advertise as they will have tried and tested many of the above options.
You then need to work out how much to charge for your product or service. I always keep these charges fairly low at the outset in order to attract as many people as I can and to get some income in.
I then hope that word of mouth will take over and the idea is that after a few months I will be in a position to increase my fees.
It is also important to realize that we will make mistakes along the way. When this happens we need to think positive and not to beat ourselves up. It is an experience we can learn from.
Always have belief in yourself. At times any business will go through a rocky period, this is when we need to be strong.
In my opinion the more work we put in, the more rewards we are likely to obtain.
Self-discipline is one of the keys to your success. Being able to choose your own hours of work may seem like a dream but it can prove to be many peoples downfall.
We have to ensure that we work the required amount of hours. It is far too easy to stay in bed for that extra hour or to arrange yet another game of golf.
These things are fine once you are established, but this is a long way off at this stage.
It can be confusing for a starter to decide from where to buy his first timeshare from resale market or directly from timeshare resort or developer.
It can be a hard decision to make with both having its own advantages and disadvantages.
Buying timeshares in the resale market like auction websites or advertising through classifieds is a recent concept compared to buying from developers which has been there since its inception.
Internet has brought everything to the doorsteps of the people and thus benefiting the timeshare market also.
Websites such as eBay.com, bidshare.com and redweek.com provide prospective buyers with more information on the property and also wide variety of buying options.
The scenario was totally different a decade ago when the buyers used to buy timeshares through timeshare presentations hosted by timeshare developers.
The decisions taken to buy timeshares were mostly based on one’s impulse rather than research and analysis.
But with the advent of internet auction sites a user has more powerful tools to research the prices in advance even if he is going to a presentation.
The buyer can make a more informed choice today than earlier. Buyers can also avoid the trauma of sitting through a timeshare presentation by buying through resale market.
The presentations sometimes take ninety minutes and can go even longer.
At the end of the presentation the buyers who were brought in on the pretext of a free gift are subjected to high pressure selling techniques, and this yield to sign a paper and buy a timeshare.
Now talking about the cost comparison, a developer’s timeshare offer includes the cost of advertisement, presentation, free gifts etc.
(NOW THAT YOU OWN TIMESHARES AND TRAVELING THE GLOBE TO EXOTIC RESORTS — START A
BUSINESS YOU CAN WORK FROM ANYWHERE) I STARTED A SHAKLEE DISTRIBUTORSHIP BECAUSE
I COULD WORK IT FROM ANYWHERE)
which is whopping of the cost of the timeshare and sometimes this exceeds the cost of the timeshare resale.
On the other hand if one buys a timeshare through a resale market one can buy the timeshare cheaper. Also buying through a resale market offers you more choice and freedom to select your desired unit.
You know that you are getting the best price. It is definitely worth saving thousands of dollars by buying a resale.
But there are good reasons to buy from a developer. There are many reputed companies that have ventured into timeshare business like Marriot, Disney, and Hilton etc.
When you are buying through a resale market there is a margin of doubt whether your investment is secured or not and the trust factor is low.
here as the timeshare developers spend fortunes in the development of timeshares and have great reputation and thus can be easily trusted.
They give you the best and the latest amenities which you can never get from a resale unless it’s a relatively new unit.
Another high point of buying through a developer is that they offer many incentives and benefits to their customers in the form of bonus weeks, discounts on attraction tickets, car rentals and much more.
On the other hand these benefits may not be available to you if you bought your timeshare through resale market as many developers does not allow timeshare resale units with same amenities compared to those who bought directly from them.
Also the developers usually offer many financing options that you may not get if you buy from a resale market.
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How does restrictive monetary policy affect inflation?
Restrictive monetary policy instruments
This has the effect of slowing down the granting of credit to economic agents, as the cost of credit is higher. It is therefore a way to slow down the expansion of the money supply and thus to fight inflation.
Which of the following are functions of restrictive monetary policy?
It reduces the amount of money and credit that banks can lend. It lowers the money supply by
making loans, credit cards, and mortgages more expensive. That constricts demand, which slows
economic growth and inflation. Restrictive monetary policy is also known as contractionary
monetary policy. Federal Reserve issues FOMC statement – December 14, 2022https://www.federalreserve.gov › files
19 hours ago —
policy that is sufficiently restrictive to return inflation to 2 percent … tightening
of monetary policy, the lags with which monetary
What are the 4 policy tools of the Federal Reserve?
Central banks have four main monetary policy tools: the reserve requirement, open market
operations, the discount rate, and interest on reserves.
What are the 3 mandates of the Federal Reserve?
Image result for Federal Reserve sufficiently restrictive policy
The Federal Reserve Act mandates that the Federal Reserve conduct monetary policy “so as to
promote effectively the goals of maximum employment, stable prices, and moderate long-term interest
rates.”1 Even though the act lists three distinct goals of monetary policy, the Fed’s mandate for
monetary policy is commonly.
Which policy tool is the most used by the Fed?
Key Takeaways
The primary tools that the Fed uses are interest rate setting and open market operations (OMO).
The Fed can also change the mandated reserves requirements for commercial banks or rescue failing
banks as lender of last resort, among other less common tools..
What is an example of restrictive monetary policy?
An example of restrictive monetary policy is when the Federal reserve raises the bank’s reserve
requirements (which reduces the amount of money banks have to lend to consumers) or raises the
How does restrictive monetary policy affect inflation?
Restrictive monetary policy instruments
This has the effect of slowing down the granting of credit to economic agents, as the cost of credit
is higher. It is therefore a way to slow down the expansion of the money supply and thus to fight inflation.
When inflation is too high, the Federal Reserve typically raises interest rates to slow
the economy and bring inflation down. When inflation is too low, the Federal Reserve typically
lowers interest rates to stimulate the economy and move inflation higher.
What is the federal funds rate now?
Effective Federal Funds Rate is at 4.33%, compared to 3.83% the previous market day and 0.08% last year. This is lower than the long term average of 4.60%.
The Russell 2000 is a stock market index that tracks the performance of the
smallest publicly traded companies in the United States. Created in 1984, the
index is widely considered to be the most comprehensive barometer for the
performance of the small-cap sector of the economy.
It’s set as a range between an upper and lower limit. The federal funds rate is currently 3.7% to 4%
U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong
What is the job outlook for 2022?
How many unfilled jobs are in the US in 2022?
10.7 million
Job openings decreased to 10.7 million in June 2022 : The Economics Daily: U.S. Bureau of
Labor Statistics.
What is causing the worker shortage?
Typically, a labor shortage occurs when there are not enough available workers participating in the labor market to
meet the demand for employees. For example, in the United States, there are nearly 11 million
job vacancies, but only
6.5 million workers are listed as unemployed in 2022.
What was the highest federal funds rate in history?
20%
Key Takeaways. The highest fed funds rate was 20% in 1980 in response to double-digit inflation.
The lowest fed funds
rate was zero in 2008 and again in March 2020 in response to the coronavirus pandemic. The FOMC
announced in
November 2022 that it would continue to raise interest rates in response to rising inflation.
s federal funds rate the same as interest rate?
The fed funds rate is the interest rate that depository institutions—banks, savings and
loans, and
credit unions—charge each other for overnight loans. The discount rate is the interest rate that
Federal Reserve Banks charge when they make collateralized loans—usually overnight—to
depository
institutions.
How many people are employed in the U.S. 2022?
about 158.94 million people
U.S seasonally adjusted monthly number of employees 2021-2022. In September 2022, about 158.94
million people were employed in the United States.
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