A Budgetary Workout for Your Business

Trying to budget is a lot like exercising – while we all know that we should do it, avoiding it and being a slob seems a heck of a lot easier. And when we get round to it every once in a while, the strain really shows.

But if you’re running a business, you can’t afford to pull a financial muscle, lest you descend into a spiral of debt. Yet, according to Bloomberg, 8 out of 10 businesses fail within the first 18 months of opening their doors – and poor financing is largely to blame.

So, if you’re trying to make the most of your finances, what do you need to do to avoid pulling a monetary muscle?

Know Your Alternatives

While larger banks might not be willing to trust an ailing company, you could turn to the numerous alternative finance companies that focus on your niche sector.

Factoring companies, construction finance, crowdfunding, equity crowdfunding and many more are available to the business in need of cash – and they’re becoming more successful by the year, raising billions for SMEs.

The best of these businesses will cater to your specific market and, like a bellowing personal trainer, help get your finances in check.

A Budgetary Workout for Your Business

Find a Finance Aficionado

If you find that financial jargon flies over your head like a soaring decimal point, then it’s time to get an accountant in on the act.

With an effective accountant, your finances will be in a much healthier state, leading to fewer errors that might pique the tax man’s interest. More than this, your accountant can act as a suitable sounding board to help you make the right choices for your business.

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Five things to remember when writing your professional resume

The job market out there is tough. Hundreds of applicants are applying to fill one position. Your job is to stand out from the crowd. How are you going to make your application look different from the hundreds of applications being considered? Here are some helpful to tips to keep in mind when writing your resume. Stuck on the job search? Make sure you’re looking at all the online job boards such as OneShift .

DON’T FORGET TO BRAG

Your resume is all about selling yourself. Talk about your accomplishments. What have you done? What are your goals? Use your resume to tell your potential employer about your past experiences and what you have been doing lately. Give details about your performance and what you brought to each role. Do not be afraid to puff yourself up, a resume is not a place to be modest.

BE SUCCINCT

Organise your resume appropriately. Employers are going to look quickly over your credentials for items that stand out. Putting your resume in an easy-to-read format will help to get most of the information off the page for the employer. Long pieces of text are tedious and information cannot be as easily gathered. Try listing information instead of using paragraph form. Use only the most important information, so that the employer is not overwhelmed with items that will not resonate.

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What Happens If You Decide to Move to Australia Tomorrow?

I have a problem. I watch way too much House Hunters International. That show puts really lofty ideas in your head. I’ve been thinking of moving to a different country for years. I can’t help it, we lived in a whole bunch of countries before I was 12, and that kind of wanderlust doesn’t just go away. I quit my job 3 years ago with the plan to move to Argentina for 6 months, and work from my laptop. Everything was ready to go, but a promise that I had made kept me back. I can’t say that I am really disappointed since it gave me a chance to a build a flourishing business in the meantime.

Barbados on a Budget

But that bug is back. I went on a month long trip in May thinking that it would be ease the wanderlust, but it just made it stronger. I truly believe that we are not meant to in one place all of our lives, or even the majority of our lives. That’s how we grow, and learn. And while I’m all about packing your backpack, and wandering cities that hadn’t been to before for a month or two, I’m all about the attempt of being a local in a place with a permanent address. Yes, having a job that’s location independent makes it a lot easier, and getting the proper paperwork can take quite a bit of time.

And while packing up your things seems like a such a great idea until you realize that it involves selling property, and buying or renting something there.  And yes, I mean buying property in a different country. It’s a foreign concept to some, but if House Hunters International has taught me anything, it’s that people do that sort of thing all the time. I really recommend binge watching that show if you’re planning on moving.

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Do you lend money to friends?

Let me start off by saying that I’ve been burnt when I lent money friends so I’m a little bit jaded. Most people would add this to the list of stupid money decisions of my youth, but I also want to point out that I was lucky enough to be one of the very few people who was working at a well paying job while in school. But being burnt doesn’t mean that I don’t help when someone asks for it. You can’t call yourself  The difference is that I get things in writing and get a better idea of why they need the money.

The truth is that now my friends and I are in our 30’s we don’t actually just borrow money for the sake of boring money anymore. Yes, there are the fringe events like forgetting your wallet, or not activating your new credit card on time. These things still happen, and more often than not over dinner or drinks, and you can easily buy lunch,  pick up the tab next time or send money online when needed. You don’t even have to think about lending money if it’s a responsible friend. The times that I’m more concerned about are the times where more than a few hundred dollars are involved.

There are quite a  problems with lending money to friends. These include the following:

1) There is no set timetable to be paid back. Yes, you get pushed to the back of the line when it comes to be paid back.

2) You can kiss any potential interest earned goodbye. 

3) You become their get out of jail free card. The more you help someone out with little to no consequences, the more they will ask for. Obviously this is not always the case, but you do start to notice a pattern quickly.

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