Thursday, May 12, 2011

New Niche Business Website

Hey all, it has a been a long while since I have posted on this blog. I want to thank you for your support and continued traffic.

Recently, I have just started a new blog called Running A Small Business Inc. The site is about learning all there is about starting and running a small business. As you may know, I am a small business owner myself and I see a lot of tough times going on right now for everyone, especially small businesses.

The amount of small businesses that have been closing recently has been astronomical. People are spending money differently. Franchises and well positioned businesses are taking the majority of the business because of the trust affect. It is something that I have come to know as, "I heard them on the radio 25 times today so they must be good".

It is the oldest trick in the book but that sort of advertising works. You just need the money. But there are many other things that work for small businesses and it always helps having someone look out for you.

The link to that site again is Running A Small Business. Please let me know what you think.

Friday, March 18, 2011

Learn about Personal Finance One Step at a Time

You will find 4 main elements to personal finance and finance generally. These factors comprise everything that comes from finance professionally and personally. Understanding them is paramount to understanding personal finance. With out them, an individual wouldn't be in a position to correctly manage their cash. Those four elements then combine to form a good method to evaluate and manage a person's financial health.

The very first element which makes up personal finance is named income. Income is the income that's flowing into your bank account from an outside source. Employment, business, retirement account, dividends, money from Aunt Sally all are samples of income. Income is exactly what a persons earns from some place else.

The following element to understand is named expenses. Money that flows from the banking accounts to any outside sources to repay a debt is considered a cost. Expenses originate from bills, unsecured credit card payments, buying food, purchasing gas, renting a car, going on vacation, etc. When your money flows to a different person’s or companies coffer, it is really an expense.

When you combine Income and expenses, you'll get what is called an income statement. An income statement simply lets you know what money a person is earning minus the money that you are losing in expenses. After subtracting both of them, it shows you what cash is left at the finish from the specified period the information was gathered.

The income statement only tells
the money is flowing inside and out of accounts and to what it is flowing to. The next set of definitions explains ownership.

Assets are valuables that
conserve a level of monetary worth. A home is regarded as an asset. Some old baseball cards in your attic which are worth funds are an asset. An asset may be a movie collection or even just someones car. Simply put, anything that you can sell to another person for any profit is considered an asset.

Your fourth term to learn is liabilities. Liabilities are long term debt that's carried by and individual or business. If something is purchased on credit or by loan, those instruments are considered liabilities. Every time a person has personal credit card debt or has taken out an auto loan, that debt can be a liability.

When assets and liabilities are subtracted from
one another including a number is found, that document is called a balance sheet. The numberthat is remaining in the final analysis, whether it is positive or negative, is named a persons net worth.

When trying
to know the basic principles of personal finance, the most crucial elements again are income, expense, assets, and liabilities. Any time you put them together you receive an income statement and also a balance sheet. This is the basic level of personal finance that everyone must learn in order to understand how to manage their cash.

Monday, February 28, 2011

How to Get a Raise in today’s Economy

 Please look for us at Thanks.

Sunday, February 27, 2011

Blog Carnival Edition #1: Make More Money in 2011

Money Crashers presents Work From Home Scams List - 5 Fake Illegitimate Jobs to Avoid posted at Money Crashers saying, "Don’t get caught in the traps of work from home scams designed to take your money and leave you to blame in the eyes of the law. Know how to spot the opportunities that aren’t real, starting with these five frauds."

Jason Price presents Time is Money 5 Tips to Help You Budget Your Time & Save Money posted at One Money Design, saying, “The old time is money cliché is true and has some important things to teach us.”

Barb Friedberg presents PERSONAL FINANCE TIP; Make Money By Following up (Part 1) posted at Barbara Friedberg Personal Finance, saying, “Learn how unbelievable persistence and determination put our finances on track and yielded an awesome job.”

Nikoya Johnson presents Secrets On How To Be A Successful Blogger posted at Developmental Increase, saying, "Explore the secrets of blogging success."

Cardwisdom presents Using Chase Blueprint to Become a Smart Credit Card User posted at Credit Card Wisdom. saying, "An overview of how the Chase Blueprint system can help consumers become smarter credit card users."

Thanks for contributing to our first blog carnival. It was short notice but we will be holding another one next Sunday. Please submit your posts. Thanks and enjoy.

Saturday, February 26, 2011

Great Blog Post About Risk

I was speaking to some friends about risk when it came to finances and they just seemed so oblivious to the multiple aspects of Risk.

When I tried to explain to them that risk was in more than just how far your money could go down, they looked at me like I was from a different plannet. I tried to explain how we are affected by risk from the market and the gov't, etc. but nothing took. Alas, some people are not going to get it. In their defense, it can be a hard topic.

I ran accross a post that I thought did a good job explaining the multiple risk factors. Check it out.
Generation X Finance

Track back and tell me what you think.

One New Voice to Host Blog Carnival

One New Voice has signed up to host the Blog Carnival How to Make More Money in 2011. The date is Sunday Feb. 27th. Please go to Blog Carnival and submit your article on any way that you are working on making more money this year. This is a rated G carnival so please no crazy stuff.

This is a bit short notice but we will be holding these regularly from here on out. Look forward to reading and posting your best stuff.

One New Voice

It's Time to Transfer the Balance on Your Credit Card

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