Tag Archives: Financial Services

3 Ways To Keep Your Employees Happy


The job market today is extraordinarily competitive. Not only are there plenty of employees seeking work, but there are many different employers seeking quality staff. As a small business owner, consider it your job to be a beacon of light in the shadows of potential employers. As much as employees should seek to do their jobs well in order to keep their employment, employers need to offer incentives to keep great employees on board. This can make the difference between a great business plan strategy and a strategy which fails.

Trust Your Employees

There is always a fear as an employer of fraudulent employee claims and theft. This being said, there are many good employees who feel that they are automatically subject to being treated as untrustworthy. As an employer, do your best to give your staff the benefit of the doubt when it comes to being trusted, and treat them as respectfully as you can without turning a blind eye to warning signals. Always protect yourself by performing reference checks before hiring staff members, and you shouldn’t have to worry too much about issues at your small business.

Offer Employee Benefits

One of the premiere things that potential staff are looking for in an employer is the presence of a reliable group health insurance plan. If your company offers health coverage to your staff, even partially, it will set you apart from so many other employers in your industry. In order to keep useful employees, you need to show them that the health and wellness of their family is a priority for you as an employer. You can also offer other benefits, such as paid vacation days, a substancial discount on company products or services, and more.

Educate Your Staff

As a business owner, it’s important to you to be ahead of the game when it comes to business strategies and investments. As such, keeping your staff involved in furthering their education is almost always beneficial. Workshops, seminars, conferences and night school courses are an amazing way to keep your employees on the cutting edge of industry, as well as engaging them in staying interested in the field. Consistent challenges and learning create motivated, forward thinkers which stand to benefit your company in a big way. Consider partial funding for these programs as a long-term investment in your staff, as well as your business, and consider that this practice will be money well spent. These types of incentives are often tax deductible, so talk to your accountant to find out just what you can afford.

Allison writes with GroupHealthInsurance.org, which allows you to find an affordable plan that gives your employees great health coverage.

5 Small Business Start Up Mistakes to Avoid


Starting a new small business is exciting. It takes skill and faith to get a new business up and running. Even if you’re an expert in your chosen field, you’re not guaranteed to find success. By avoiding five common pitfalls, new small business owners can further their chances of finding success.

1. Planning is a Necessity
A new business venture may start out as a dream in your head, but in order to be successful it needs to grow beyond that. Create a specific and targeted business plan in the initial stages. Also make a financial forecast, considering the obstacles the new business is likely to encounter. A profit and loss forecast and a break even analysis are also useful tools. Any prospective business owner who is unfamiliar with these types of financial planning might want to consider bringing in a financial consultant to help them create viable and realistic projections. Once these are in place, the trick is to stick with them. The success of your company may depend upon it.

2. Borrowing Large Amounts of Money
When starting up a small business, expenses are unavoidable. However, it’s not a good idea to start your business with an enormous load of debt. Use savings instead and when the business needs an influx of cash, think about getting no faxing payday loans. These smaller short term loans can see your company past any financial hiccups without making you or the business responsible for a ton of new debt. These payday loans are easy to manage and take only a week or two to pay back, just long enough to get you through an immediate crisis.

3. Don’t Go on a Hiring Spree
Most new businesses cannot support several employees. Even if you feel overworked, it’s not necessarily the right time to bring on help. Hiring an employee is an expensive prospect. You’ll have expenses like workers compensation insurance and unemployment taxes. You’ll have to pay a salary and learn how to deduct state and federal taxes as well as Social Security and Medicare. A few employees are a whole new world of responsibility. Don’t take the step unless it’s absolutely necessary.

4. Dealing with Unrealistic Expectations
A new business venture begins with optimism. The entrepreneur sees nowhere to go but up. Unfortunately, this is not a realistic outlook. Any business may suffer setbacks. Don’t expect to earn a profit for the first year or two and have a contingency plan in place in case things don’t go as planned.

5. Don’t Make Decisions without Research
Deciding on a course of action such as how to market your new business or whether to rent new office space can seriously affect your business. Avoid rash decision making. Take your time and review all of your options before deciding on a course of action.

Success with a small business takes dedication and skill. Avoid these common mistakes and your chance for success will increase.

Why Your Business Needs an ATM Machine


ATM machines have long been one of the most convenient ways for a person to get cash. They are becoming increasingly popular in businesses ands storefronts that cater to a lot of customers. If you are a business owner, you may find that adding an ATM machine will provide several benefits to your business.

Impress Customers

Convenience and value are some of the most important things you can offer a customer. Customers will appreciate the convenience an ATM machine offers. This will easily increase the value of your business in the customer’s eyes. You will likely attract new customers who enter the store to use your ATM machine. Quite often, people who withdraw money from an ATM at your business will end up spending their money at your business.

Increase Profits

The amount of money you make off an ATM machine will depend on several variables, but there is a good chance that the ATM machine will increase your profits one way or another. You have several options when it comes to securing a machine for your business. You can buy or lease your own machine or you can contract with an ATM machine business. When you have your own machine you can set the surcharge and keep all the profits, while going with an ATM machine business likely means you will only get a portion of the proceeds. You will get more income by owning your own machine, but it requires a considerable amount of money up front. Both ways have their advantages and disadvantages, so you want to research both before making any decisions.

Reduce Your Costs

Fees associated with banks and credit card companies add up over time. If you have many people using their debit or credit cards to pay for items rather than cash, there is a good chance that adding an ATM machine will increase the percentage of customers paying with cash. This means fewer bank fees for you. The ATM machine will also be great to have as a backup should anything happen with your credit card processors. Most people don’t carry checks, so an ATM machine may be their only recourse.

Adding an ATM machine may be the boost your business needs. Whether you run a successful store or are just starting a catering business and are considering a portable machine, you should evaluate some of these benefits to determine if adding an ATM machine is right for your business.

The Pros and Cons of an ATM Machine Business

ATM Machine Business

peltierclem / Pixabay

If you are looking for a part time job or simply need more money, you should consider running an ATM machine business. Like all new business ventures, there are both advantages and disadvantages to starting. Fleshing out both points will help you determine if it is a smart business move for you.


Advantages of the ATM Business

Starting your own ATM machine business has many advantages. First, it is an extremely low maintenance job. There is a bit of work required in the startup phase, but after that the business tends to run itself. You will need to be on call to make sure everything is running smoothly, but you sit back as people use your machine and you generate income from service fees. You will contract with an ISO to handle bank transactions, so you don’t need to worry about any of those details. It is a very hands-off business that can generate a nice recurring income.

Disadvantages of the ATM Business

There are disadvantages to this job which may deter you from starting. To start ATM machine business, you will need at least $5,000 to $10,000. This money is used to purchase your machine and stock the machine in cash. You will make the money back over time, but in the beginning you do need these startup funds. This is the cost for just one machine – each additional machine will require thousands more dollars. You will need to make sure you live within driving distance of your ATM machines, and you have to be prepared to be on call at all times if there are any problems with your machines. If a machine needs servicing, you need to be able to attend to it, since a machine that isn’t working means lost profits for you. Finally, you may have difficulty finding a profitable location. ATMs are very widespread now, which means that many of the most lucrative spots have been taken. Still, with a little looking you may be able to find a great place with a lot of foot traffic that needs cash.

Understanding both the advantages and disadvantages of starting your own ATM machine business will help you determine if it is the right move for you. If not, remember that there are many ways to make money from home, such as starting a catering business. Comparing and contrasting each business will help you in your quest for successful self-employment.

How I Got Started In World Financial Group


Back several years ago a friend introduced me to a business opportunity doing financial services with a company called World Financial Group.  Intrigued by the opportunity I started researching it and looking to see if it was a good company or not.

In fact looked I up World Financial Group Reviews on the web and found all kinds of people talking about this company.  However not all were good in fact some people even called it the World Financial Group Scam, but with all the negative info I decided to give it a shot anyways and in this article I’m going to show you just how I got started with this business opportunity.

First off, when I got stated with WFG I was encouraged to build a big list of a 100 names of people to talk to.  However I took it one step further and came up with a list of 1000 people to talk to.  When it comes to getting started in this business you need to have large amount of people to talk to and the best way to do this is to come up with a big list of people to talk to.

Secondly you need to get trained.  Once you’ve been accepted into the company and have a big list of people to talk to you need to start working with your trainer to understand how this business works.  This may take some time to do.  On top of that you will need to learn how to contact the people on your list and learn just exactly what you need to say to them in order to get an appointment.  This also means being consistent with making phone calls as well.  If you want to see consistent results as a part timer contact at least 5 people a day.

Third and finally, if you want to get paid in this business you’ll have to get licensed.  In most cases you’ll need to get your life insurance license, and securities licenses to sell investments such as mutual funds and variable annuities.  Once licenses you can start getting paid.

In the end while you’re getting trained and getting your license you can work to build up your team.  The great thing about building a team is that you’ll be able to get paid a small portion of the money that they earn as well.