They say some people are made for a 9 to 5 job, while some were made to run a business. I’ve always considered myself as the latter, but never really got the courage to leave the corporate world and start my own business. I was in a constant lookout for opportunities and was thankful when calgary finance conducted a workshop regarding the basics of running a business.
Truth be told, the most acceptable experience I have in running a business would be during elementary selling lemonade by our lawn. But I gathered up my courage like a warrior and started reading and familiarizing myself with the ins and outs of the trade.
The first thing I had to establish was: what product or service will I be selling? Almost all the articles I’ve read said that your first business should be something you are passionate about. By investing on something you care for, you treat this as your own child and will be inspired everyday. Instead of doing it just for the money, you will be taking care of your business also for your self-fulfilment. Take a step back and erase all thoughts on what is the current bestseller or trend, think about a product that you will love to sell and I’m sure the chances of growing your business will be easier and higher.
Second basic rule would be finding the perfect location. You already have a product or service in mind, and now you need a location that will be feasible to sustain that certain product. Observe the location, create a checklist of pros and cons, understand the neighbourhood and study your target market. A great product will be useless if it is found in the wrong spot. Do not rush this step, take as long as you want to observe.
The third basic rule of putting up a business is thinking about how you can keep everything organized. A business has two sides- the product selling or customer interaction side and the back door of the business which is basically paperwork. Do not focus your strength with just the product selling side, remember that the auditing part of the business will be the one determining whether the business is doing great or not. Invest time on creating a business strategy for organising your files, invoice, and once in a while hire a professional accountant to balance your books. Separate your personal accounts and expenses by creating another account specifically for the business you’re putting up.
The fourth rule will be more on running the business itself by choosing the right people to work with. You have the right product and the right location, but you do not have a staff that is equipped to serve and cater to the needs of your consumers. Choose your people wisely and learn to be part of the team. Do not just be a boss, be their partner and they will reward you with service that will compliment your product.
Being scared is not something to be afraid of as it will fuel your passion and drive to conquer that fear. Start early and do your research properly and I assure you everything will be alright.…
They say the only permanent thing in this world is change, and for me that’s a fact. There was a time wherein the stock market was the fastest way get rich if you had the courage to enter the business and finance world, there was also an era wherein skyscrapers where being build everywhere hence professions in the field of architecture and engineering were badly needed, and even a time when outbreaks and epidemics happened that there was a constant need for nurses and other medical professionals. But as of today, where of we stand on this change? We’ve listed below in no particular order a few of the fields you should consider whether you’re someone thinking of a track for college, or just trying to find a new career path.
- Physical therapists
With the constant invention of new items, people start to more and more interested with extreme sports. These exhilarating activities are quite the experience, but is also one of the leading causes of injuries. Physical therapists are therefore needed to aid in the healing process of these accidents, and also patients who suffer from different body and muscle problems.
- Database administrators
Business today have started to rely more on softwares and programs to track their invoice, sales record and overall keep all files organized. Jobs for database administrators are increasing not only for big companies but also within startup businesses.
- Financial analysts
The financial industry continues to grow and therefore is getting more complex. It is in this regard that in the coming years more professionals in this field will be needed. The public has also been lately aware and interested with investing on mutual funds, therefore studying the trend will be booming in future.
- Network and communications engineer
The discovery of faster communication technologies such as fiber optics and other specialized devices has led us to project that there will be more professionals needed to setup and monitor the upgrades and maintenance of networks for corporate buildings and even households. As businesses implement almost all transactions online, it is imperative that management of a reliable data service provider is managed well.
- Medical assistants
In some countries like Japan, there is a never-ending invention of new and advanced gadgets for the health industry. However, they are currently dealing with the dilemma of facing a generation comprised of the elderly population because of low birth rates. New technology will require medical professionals to be able to handle equipments. With the continuous advancement of the medical industry, there is a need for experienced medical assistants.
- Environmental science technicians
We are all aware of the climate change happening with mother earth today. Typhoons that are stronger than previous records are washing households away. Because of this, there’s a constant growth for professional environmentalists that study our current state and provide solutions we can implement. One example would be creating a disposal system that less harms the environment and monitoring pollution to create ways in lessening contamination.
These are only few of the probable tracks you might want to consider. It is undeniable that our world is changing, and so we must be equipped with knowledge that can help us in the years to come. We hope you find a career that you are passionate about.…
When the subject of insurance comes to the fore, many business owners in Barrie would often jump straight away to the topic of commercial insurance quotes. However, there are far more important aspects of a business coverage than finding out how much it costs.
Before asking for commercial insurance quotes from dgbevan, you must first need to know the different types of insurance policies. Most of the time, as business owner, you should avail more than just one coverage to safeguard your finances. Below are the different kinds of commercial insurance you should look into.
- Property Insurance
This is one of the main types of insurance policies. Property insurance protects your business from damages and losses to your business property. One of the aspects this insurance covers is loss and damage from fire. Under the property insurance policy, there are additional coverage you might also want to know about as a business owner.
- Debris Removal Insurance
In case of fire or flooding in your place of work, the debris removal insurance provides financing for eliminating the rubble and garbage. Going back to the fire example, if your office or business place has been razed to the ground, the common property insurance policies will only pay for the rebuilding of your workplace but not clearing out the lot of the debris left by the calamity. This is when this commercial insurance coverage comes in handy.
- Business Interruption Insurance
This covers income loss resulting from property damages. In some instances, rebuilding your company after a fire or flood would require to stop all operations for the time being. Since your business is at a standstill, you won’t be able to earn any profits. This is why business interruption insurance is crucial. Even if you have to halt operations while reconstruction is going on, you can still earn net profits and be able to pay your workers’ salaries, taxes and other expenses.
- Crime Insurance
In case, your office or place of work becomes a victim of theft or burglary of money and important possessions, this insurance makes sure to cover the loss due to the crimes committed.
- Liability Insurance
This is the second major type of commercial insurance you must have if you own a business. This policy provides you with financial assistance if in case you need to pay a third party individual for injuries he or she may have obtained within the vicinity of your establishment. Also, if ever someone sues your company, liability insurance policies often cover the legal expenses. Other sub-policies that may be added to this commercial insurance include:
- Malpractice Insurance
This is also known as professional liability insurance. Such policy covers payment for medical bills and other expenses resulting from a negligent service provided by your business. Usually, businesses like real estate, hospitals and clinics are in need of this policy.
- Automobile Insurance
This is especially handy if automobiles are used for your business. If in case the vehicle gets stolen or damaged, the auto insurance will reimburse the amount you used to buy the car. Also, if the driver of your auto ends up injuring someone while on official business, this insurance covers the expenses.
- Employee Compensation Insurance
If an employee in your company was hurt as a result of the job he or she is doing at work, the compensation insurance will cover the expenses. As an employer, you also get to enjoy the peace of mind that your employee would not file a lawsuit against you regarding the injury sustained. Most employee compensation insurance policies include this clause in the contract.
Once you have reviewed all the types of coverage you can avail for your business in Barrie, you are ready to inquire for commercial insurance quotes. This will be based on the policies you want to be included in your business coverage.…