It can be as simple as a lemonade stand. It can be a family affair if you have a business of your own. It can even be a formal school group project where your child is to come up with a product, build it, market it and write about the results. The opportunities abound for children to learn about the world of business and its intricacies. And there is ample reason to do so as well. Consider what they get from the experience.
First, they get an understanding of what is needed to make a business work. Obviously, this is important for an entrepreneur, but even if they end up working for someone else, they will have an understanding of how their job plays a role in the success of the business and that will give them motivation to do well and insight into how to do their jobs better. They will also have an understanding about the ethics of work and strive to earn the money they are paid.
If they do become involved in entrepreneurism, they will have a good understanding of what they will need to do to succeed. They will understand what needs to go into a business, why various aspects such as marketing, accounting and customer service are all important and how to provide each for their companies. In short, they will be well prepared for what is needed to succeed in business and provide a useful product or service to our society. They may even make the world a better place in the process.
One of the biggest pitfalls in any business is determining a wise and efficient use of the money coming in. Too often, business owners spend on the wrong priorities leaving important bills unpaid, or worse, spend themselves into a hole that they cannot dig themselves out of. It doesn’t, however, have to be this way. With a few very simple principles and one basic technique, you can keep your business afloat and running efficiently and cost effectively. This technique is the zero based budget
Zero based spending is based on the principles that:
- You do NOT want to spend more money than you are bringing in.
- You want to base your spending decisions on your priorities, and
- Simpler plans are less likely to get screwed up.
The approach is as follows. First, figure out what all your bills and spending desires are. This means list both everything you have to spend money on and everything you want to invest in. Then, prioritize your list. List it from what you absolutely have to pay first down to the most frivolous expense you may have.
Make sure to include a “miscellaneous expenses” category for the stuff that comes up out of the blue as well as a “savings” category for more long term “rainy day” expenses. Next, figure out how much money you will be bringing in. Finally, starting at your first priority, write down how much you will be spending through this pay period. Once you are out of money, you are done spending. You now have a budget! How’s that for easy and effective?
Miami is quickly becoming a hot spot for visitors and this time of year many people are escaping the cold by heading there! There are so many things to see and do in Miami and there is something to please everyone.
If the beach is what you are after, head down to South Beach! The scene there totally lives up to the stereotype of Miami. There are many sidewalk cafes, designer boutiques and lounge bars that you will have to spend a few days there to get to them all. There are many night clubs where you can chill out in the evenings and beautiful sunny shores to enjoy during the day.
If you love architecture you will love strolling along the art deco buildings in South Beach. There are many beautiful hotels such as Park Central Hotel and the Imperial. There are over 800 buildings in this art deco district that were built in the 1930?s and 40?s for you to marvel at.
If you would like a taste of Cuba you may want to visit little Havana. There you will find many restaurants and shops as well as Mediterranean style homes lining the streets. You will hear a lot of Latin music wafting through the air of the streets as you walk through them.
Another place you may want to visit while in Miami is some of their beautiful gardens and museums. These gardens and museums are so beautiful you will think you have landed right in the middle of a fairytale story book. The museums are full of European antiques and decorative works from the 16th and 19th centuries.
Miami is a vibrant, electric city full of life and excitement. There are a wide variety of people that choose to visit or live in Miami and they make up the exciting culture that exists there today. Miami is a place like no other one around. It is a thrilling place to vacation, a delicious city to dine out in, and it is a cutting edge place of business.
Miami is located in Florida and is surrounded by beautiful, breath taking beaches. The water is bright blue and clear and the beaches are white sand. There are gorgeous views to be taken in from many locations and the sea breeze keeps the days and nights cool. There is a tremendous amount of nightlife and there are literally thousands of activities to do.
Miami is also a hub for cutting edge business and thrives as a frontier in the fields of technology, healthcare, and biomedical engineering. If you are a business owner that is looking for a place to expand to, Miami may be the perfect solution. Miami caters to a very upscale clientele and so there is never a shortage of funds or of customers willing to spend money on the best and brightest items available.
There are multiple industries that are closely tied to the Miami area and a very strong business community to help support you in your venture. With Miami’s close proximity to water transportation, air transportation, and interstate transportation, it is a great location to have materials and goods imported and to export your completed products once finished.
If you are looking to expand or to launch your business in a area where you are sure to be successful, look no further than Miami.
Technology has created many advances for businesses and home-based workers. The Internet has opened up many doors for businesses to have help creating websites and marketing their businesses. Many people want to start their businesses with a lot of traffic to their sites and keeping clients coming back. There are some ways to market your business online that can help you create flow to your business and to help people understand what your business is and if they need it.
One way to market your business is by using social networks. Many businesses are finding a leap in their sales by using facebook, etsy, pinterest, and even gaming sites. Many of these networks are full of people that get on them several times a day and are reading everything they see. Putting your business on facebook will bring traffic to your business more than anywhere else. Another way to market your business online is to have a website created that is interactive and easy to use. Many people will visit sites over and over if they can get on easily and are able to move around the site without a problem. Many companies can make a great website for your business.
One more way to market your business is to create a business blog. Everybody seems to blogging now on the Internet. Many people use them to update family, to write about cooking and homeschooling, and some are using it to promote their business. People love blogs and will read it and follow it which means they will get every update you post about your business. Using the Internet to market your business is a great way to promote you and what you are about. Your business can be built by the people that visit and use your business website.
I managed to find a great job working for a charter fishing company that was based out of Miami. The job sounded like it was going to be exciting, the pay was good, and I was going to be making a decent living. The only problem was that I was going to have to find a place to live. Not only did I have to consider what my monthly budget was going to be, I also wanted to live somewhere that I didn’t have to worry about my safety, and where I was going to be able to have a good time.
After a great deal of research I finally bought a condo in downtown Miami. I have to say, I really couldn’t be happier. It is the perfect place for a single person who is in their twenties and thirties and enjoys having a great time. New York, New York might be called the city that doesn’t sleep, but Miami could just as easily claim the same title. Last weekend I went to see the Dolphins play and then a date and I went to see a Broadway quality performance of Evita. After that we did some nightclub hopping.
One of my favorite things to do when I’m not working is to take my dog for a long walk alng the Biscayne Bay area. Not only is the area really pretty, but it is also happens to be where a lot of the cruises leave from. Since so many people who are hanging out there are either getting ready to leave for a cruise or have just gotten back from one, they are always happy and smiling and fun to be around. Strolling along this area is a great way to meet people from all over the world.
Last summer, I got an unexpected call from my college roommate. It had been at least five years since the last time I had actually seen her in person, but I had thought of her often. I was shocked to hear her invitation to come spend the summer at her farm in Ohio. While I had traveled a large portion of the United States, Ohio was one state that I had never ventured into. With only about a split second of thought behind the decision, I agreed to give Ohio a try for the summer.
When my friend picked me up at the airport, I thought that Ohio seemed to be a lot like the rest of the country. It was a busy urban area around the airport with restaurants and shopping malls crowding around the busy highways. Then as we started driving towards my friend’s home, I realized that it wasn’t quite as I had imagined. In fact, by the time we reached her farm, I knew that I had officially reached the “sticks” with nothing but farm land for as far as the eye could see.
After we spent the first few days talking about everything under the sun and catching up on each other’s lives, I asked my friend to show me what they did for fun in the back woods of Ohio. I was surprised when she chuckled and pulled out her laptop. She opened the internet and soon she started showing me all of her favorite bingo web sites. It turns out that playing bingo games is a favorite pastime of those who live in rural Ohio. There is no local casino where people can gamble from time to time, so instead they play Tombola or have some fun on Friday nights by logging on to Mecca Bingo.
At first, I thought that playing bingo on the internet seemed kind of boring. My friend convinced me to give it a try and we both got into the same bingo no deposit game and started chatting with the other players. I was shocked at how much fun I had! I met people from around the world while I was visiting Ohio that summer. It didn’t take me long before I was totally hooked on the online bingo experience. Even now, I remember my days of fun in Ohio every day when I log in to play a round of bingo online.
Bingo has a long and respected history. The first records of the game being played for entertainment date all the way back to 1530′s. The early version of the game was played in Italy and was called “Lo Giuoco del Lotto D’Italia”. The game, which relied completely on luck, quickly became so popular that entire communities would gather to play the game every Friday. Within two centuries people all across Europe started to play bingo and soon different variations of the game arose.
The game did not put in an appearance in the United States until the 1920′s. It did not take very long for the game to catch on and quickly spread across the country. The most common place to find a bingo game, which at the time was called Beano, was at county fairs.
The game is still evolving. Now instead of having to hunt all over town for a bingo game, all you have to do is turn on your computer and connect to the internet. Just like the earliest versions of the game, internet bingo first became popular in Europe, mostly Britain, and is just now starting to gain popularity in the United States.
Since most of the people who play online bingo are young British women, most of the online bingo websites like wink bingo, virgin bingo, and Posh Bingo cater to the British crowd. This is most noticeable by the fact that the sites deal in pounds instead of dollars. That does not mean that Americans can’t play, it just means that they have to trust the website to handle the conversion rate.
Playing at new bingo websites like bet 365 bingo is lots of fun and it is easy to lose track of just how much money you have won or lost. The best way to make sure that you are not losing more money than you can afford to is to use the bet365 bingo bonus and use a pre-paid credit card to finance your online bingo games. You simply put the amount of money you can afford to use to play on the card. When the funds on the card run out, you will have to stop playing until you have rebuilt your finances.
Any business owner knows how important it is to be fiscally responsible. However, overspending still can sneak up on even the most conscientious of us. There are, however, proven effective ways to minimize the damage done here. One of the simplest methods is called the envelope system.
The envelope system takes your basic budget, sends off the money you spend on regular bills and allocates the rest into envelopes that isolate your spending habits, make you aware of what you are spending your money on and control your impulses to overspend. To start off, pay your bills up front – this guarantees you won’t mess this money up. Then take a few general spending categories – e.g. office expenses, heavy equipment and client entertainment expenses – and allocate money for each.
In its purest form, you would literally take cash and fill marked envelopes with the proper amounts. However, plenty of accounting products will allow you to create “virtual” envelopes from which you can spend the money necessary. Or alternatively, you can put money into separate accounts or even prepaid debit cards.
If a category is meant for very large objects, like heavy equipment, or can vary from time to time, allow money that is not spent to accumulate in the envelope. If, on the other hand, you find you under allocated, you can adjust your envelopes accordingly. Remember, however, if you are adjusting one item down, you likely will have a similar problem later with the category you are borrowing from. In general, once the money is spent from an envelope, you are done spending on that category. And that is how you do financial self discipline the easy way!
Did you babysit last year? Did you sell Tupperware or Amway or even lemonade? How about mowing lawns? If so, then congratulations! You are officially a small business owner! You are also required to claim your income on your taxes (unless you incorporated, then you get to file a separate set of taxes for your business – but that is beyond the scope of this article). Luckily, you also get to claim the expenses you had for your business – including some that may just surprise you.
A Schedule C is a business income worksheet. It is where you claim all of your income from your business. On it, you list everything you were paid. You also list your business expenses. These expenses cover a wide range of things. Did you advertize your business? Everything you spent to develop that advertizing up to and including toner cartridges for the ink you used printing up fliers is an expense.
Did you buy any supplies? Those are expenses. Did you drive anywhere? You get to claim the mileage as an expense! Did you redo part of your house and explicitly dedicate it to childcare? Now you get to claim not only the expense of the redesign, but possibly even the depreciation on that part of the house as a business loss! And even if your losses exceed your gains, you get to claim them all and apply them against your tax burden. Aren’t you glad you filled out that Schedule C now?
You have a great idea to start a business. You are ecstatic about your product and wrapped up with the prospect of picking out colors, buying supplies, and picking the perfect name. While it does not evoke the same measure of excitement, be sure that developing a workable business accounting system gets equal or additional attention. The flashy details that tend to get the most attention actually lack in importance compared to accounting for ensuring you conform to the business laws of your area and for the best bottom line for you.
First you need to decide if you will be handling all the monetary affairs for your new business or if you will be hiring someone else. It is a new business venture, so it may start small and appear manageable at least for now. Be cautious in deciding to do this yourself. You do not want to miss important issues and be in legal or tax trouble later. If you do choose to do it yourself, you will still need to find a reliable, honest accountant as a consultant or mentor that can assist with any questions or difficulties in establishing your accounting procedures.
A new small business does not need an elaborate accounting program at the very beginning. A familiar program like Quick Books will have all the functions you need without a high learning curve. These programs are full of features and offer many options from a free online version to Pro Editions for various needs and budgets.