Turn Your Hobby Into a Business

How do you like the idea of working until you are 70+, not a very appealing thought! OK for those that choose to but as a compulsory situation, not good. So what is the way round it? Well hopefully it scared you into taking out a private pension or making some other preparation like buying up property to let.

For those of you that haven’t found a solution; what hobby do you have or you would be interested in? Would it make a good hobby business? Something like fishing or golf, maybe cooking or jewellery making, keeping fit or weight loss, that one is always popular! Most hobbies with an interested following could be turned into an online business. What are you passionate about? Is there a selection of magazines on the topic, if so and there is a good following it could be suitable.

Next you need to test it for viability and profitability on Google’s keyword tool and my checking keywords, and see if there are enough people searching monthly.

Is it something you would like to spend time studying, working with and sharing your knowledge with others? Being passionate about your work makes it a pleasure not a chore.

Don’t wait to start your hobby business until you retire, start to build it now in your spare-time whilst you have an income. Online businesses are relatively inexpensive to set up but you will need a little cash to begin.

Affiliate marketing it the simplest way to start-up online and in its simplest form you are just sending customers to other people’s products. No face to face selling and there are plenty of companies in all niches (topics) looking for affiliate marketers.

As you learn the techniques you can build your own list of happy customers and interest them in other products. However for a fast and simple start find a mentor with products you like and learn the techniques, then diversify as it suits you. Your hobby business can be grown to any size according to the time and interest you put in.

Begin by taking a look at hobby magazines and read more about Affiliate marketing, there are loads of books available on marketing and all issues of setting up a business. YouTube is also a good source of information.

I have just found several training videos on YouTube for using the Keyword planner but if you prefer a book read: “SEO step by Step” by Caimin Jones there is a whole chapter on the Keyword tool and a great deal of other information.

If you need a new laptop I found a well illustrated guide “Microsoft windows 8 made easy. Or if you prefer windows 7 because that is what you are used to consider a good reconditioned model, mine even had a guarantee.

If you would like to read a book that makes your current job more satisfying, I found it helped, when I was in a job I hated: “Thank God it’s Monday” by Charles Cameron and Suzanne Elusor. A rather strange title as it isn’t about religion!

So take my advice and start now, build your hobby business, don’t wait until you are 70 and regret your indecision. It is great fun and will give you an interest in later years and the freedom to work a few hours a week. Everything will be your choice!

Whatever you decide, I hope you find a way to ovoid working longer than you want to!

FREE VIDEOS on Affiliate Marketing

Sarah Staar – Super Affiliate and Renown Coach has allowed me to share her amazing Marketing Videos. She guides you through the process SHE USES to build a profitable and successful business, FAST.

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The Reality Of Working From Home

If you’re anything like me, you relish the idea of making a living working from home.

Advertisements for “online jobs work from home”, “working from home ideas”, “working home opportunities” and other working online home ads are aplenty.

Can you make any money?

The short answer is yes. The more accurate answer is, unless you have some dynamic and innovative idea or product that simply shocks the world that will change everyone’s life or that everyone must have right now, you’re in for a long and winding road.

It’s not to say it can’t be done. It’s not to say it can’t be made simple or easy. It is to say, there’s more to it than meets the eye.

The better questions to ask is, what does it take to make enough money to live on, how long will it take, and are you willing to do what it takes?

Perhaps it’s not necessary to make enough money to live on. Maybe you just want to supplement your income.

Either way, it’s important to understand that there are a lot of people already doing it. Many of them know what they’re doing. Many of them don’t.

There are right ways. There are wrong ways. Maybe there’s your way.

Whatever your plan is, you need to either stand way out and grab a lot of people’s attention quickly or you’re going to have to go through some trials and tribulations. You will probably have to devote a considerable amount of time.

Practice makes perfect, or as close to perfect as you’ll get.

Discipline

Some people, when they’re at home just want to relax. They just never seem to be able to get in the mood to work unless they get dressed and go somewhere.

Others wake up and work. It doesn’t matter where they are. It’s easy for them to get started.

The operative word is work.

Whether you do the work yourself or hire someone to do it for you, it’s work and it must be done. Otherwise nothing happens.

It helps to have a schedule and a plan and that you stick to it. If not, it is much more difficult to be productive.

Why

Another question that’s important to ask is why you want to do whatever it is you want to do.

If you’re simply doing it for the money, especially if you don’t like the work, you’ll probably get frustrated and/or burn out quickly.

In my case it’s been a life-long dream. I love to write and I fell in love with the process. I have a story to tell and feel qualified to speak as an expert, or at least intelligently, about a few different subjects (food, fitness, and life insurance products).

The fact that the money is not an immediate result is what kept me from doing it sooner.

For me, it was simply time to do what I always wanted to do.

I’d be lying if I said it’s been easy.

Bob is an online affiliate marketer with an extensive background in sales and marketing.

He is also a life insurance and safe money professional with more than 20 years experience. His company, A Bulletproof Life is based on the 5 F’s: Food, fitness, finances, fulfillment, fun.

His personal and company motto are the same: Honesty, respect, best effort.

Some of his personal interests are rock’n’roll, baseball, football, traveling, and single women, among many others.

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Scientific works in the theories of finances and credit, according to the specification of the research object, are characterized to be many-sided and many-leveled.

The definition of totality of the economical relations formed in the process of formation, distribution and usage of finances, as money sources is widely spread. For example, in “the general theory of finances” there are two definitions of finances:

1) “…Finances reflect economical relations, formation of the funds of money sources, in the process of distribution and redistribution of national receipts according to the distribution and usage”. This definition is given relatively to the conditions of Capitalism, when cash-commodity relations gain universal character;

2) “Finances represent the formation of centralized ad decentralized money sources, economical relations relatively with the distribution and usage, which serve for fulfillment of the state functions and obligations and also provision of the conditions of the widened further production”. This definition is brought without showing the environment of its action. We share partly such explanation of finances and think expedient to make some specification.

First, finances overcome the bounds of distribution and redistribution service of the national income, though it is a basic foundation of finances. Also, formation and usage of the depreciation fund which is the part of financial domain, belongs not to the distribution and redistribution of the national income (of newly formed value during a year), but to the distribution of already developed value.

This latest first appears to be a part of value of main industrial funds, later it is moved to the cost price of a ready product (that is to the value too) and after its realization, and it is set the depression fund. Its source is taken into account before hand as a depression kind in the consistence of the ready products cost price.

Second, main goal of finances is much wider then “fulfillment of the state functions and obligations and provision of conditions for the widened further production”. Finances exist on the state level and also on the manufactures and branches’ level too, and in such conditions, when the most part of the manufactures are not state.

V. M. Rodionova has a different position about this subject: “real formation of the financial resources begins on the stage of distribution, when the value is realized and concrete economical forms of the realized value are separated from the consistence of the profit”. V. M. Rodionova makes an accent of finances, as distributing relations, when D. S. Moliakov underlines industrial foundation of finances. Though both of them give quite substantiate discussion of finances, as a system of formation, distribution and usage of the funds of money sources, that comes out of the following definition of the finances: “financial cash relations, which forms in the process of distribution and redistribution of the partial value of the national wealth and total social product, is related with the subjects of the economy and formation and usage of the state cash incomes and savings in the widened further production, in the material stimulation of the workers for satisfaction of the society social and other requests”.

In the manuals of the political economy we meet with the following definitions of finances:
“Finances of the socialistic state represent economical (cash) relations, with the help of which, in the way of planned distribution of the incomes and savings the funds of money sources of the state and socialistic manufactures are formed for guaranteeing the growth of the production, rising the material and cultural level of the people and for satisfying other general society requests”.
“The system of creation and usage of necessary funds of cash resources for guarantying socialistic widened further production represent exactly the finances of the socialistic society. And the totality of economical relations arisen between state, manufactures and organizations, branches, regions and separate citizen according to the movement of cash funds make financial relations”.
As we’ve seen, definitions of finances made by financiers and political economists do not differ greatly.
In every discussed position there are:

1) expression of essence and phenomenon in the definition of finances;

2) the definition of finances, as the system of the creation and usage of funds of cash sources on the level of phenomenon.

3) Distribution of finances as social product and the value of national income, definition of the distributions planned character, main goals of the economy and economical relations, for servicing of which it is used.

If refuse the preposition “socialistic” in the definition of finances, we may say, that it still keeps actuality. We meet with such traditional definitions of finances, without an adjective “socialistic”, in the modern economical literature. We may give such an elucidation: “finances represent cash resources of production and usage, also cash relations appeared in the process of distributing values of formed economical product and national wealth for formation and further production of the cash incomes and savings of the economical subjects and state, rewarding of the workers and satisfaction of the social requests”. in this elucidation of finances like D. S. Moliakov and V. M. Rodionov’s definitions, following the traditional inheritance, we meet with the widening of the financial foundation. They concern “distribution and redistribution of the value of created economical product, also the partial distribution of the value of national wealth”. This latest is very actual, relatively to the process of privatization and the transition to privacy and is periodically used in practice in different countries, for example, Great Britain and France.

“Finances – are cash sources, financial resources, their creation and movement, distribution and redistribution, usage, also economical relations, which are conditioned by intercalculations between the economical subjects, movement of cash sources, money circulation and usage”.
“Finances are the system of economical relations, which are connected with firm creation, distribution and usage of financial resources”.

We meet with absolutely innovational definitions of finances in Z. Body and R. Merton’s basis manuals. “Finance – it is the science about how the people lead spending `the deficit cash resources and incomes in the definite period of time. The financial decisions are characterized by the expenses and incomes which are 1) separated in time, and 2) as a rule, it is impossible to take them into account beforehand neither by those who get decisions nor any other person” . “Financial theory consists of numbers of the conceptions… which learns systematically the subjects of distribution of the cash resources relatively to the time factor; it also considers quantitative models, with the help of which the estimation, putting into practice and realization of the alternative variants of every financial decisions take place” .

These basic conceptions and quantitative models are used at every level of getting financial decisions, but in the latest definition of finances, we meet with the following doctrine of the financial foundation: main function of the finances is in the satisfaction of the people’s requests; the subjects of economical activities of any kind (firms, also state organs of every level) are directed towards fulfilling this basic function.

For the goals of our monograph, it is important to compare well-known definitions about finances, credit and investment, to decide how and how much it is possible to integrate the finances, investments and credit into the one total part.

Some researcher thing that credit is the consisting part of finances, if it is discussed from the position of essence and category. The other, more numerous group proves, that an economical category of credit exists parallel to the economical category of finances, by which it underlines impossibility of the credit’s existence in the consistence of finances.

N. K. Kuchukova underlined the independence of the category of credit and notes that it is only its “characteristic feature the turned movement of the value, which is not related with transmission of the loan opportunities together with the owners’ rights”.

N. D. Barkovski replies that functioning of money created an economical basis for apportioning finances and credit as an independent category and gave rise to the credit and financial relations. He noticed the Gnoseological roots of science in money and credit, as the science about finances has business with the research of such economical relations, which lean upon cash flow and credit.
Let’s discuss the most spread definitions of credit. in the modern publications credit appeared to be “luckier”, then finances. For example, we meet with the following definition of credit in the finance-economical dictionary: “credit is the loan in the form of cash and commodity with the conditions of returning, usually, by paying percent. Credit represents a form of movement of the loan capital and expresses economical relations between the creditor and borrower”.

This is the traditional definition of credit. In the earlier dictionary of the economy we read: “credit is the system of economical relations, which is formed while the transmission of cash and material means into the temporal usage, as a rule under the conditions of returning and paying percent”.
In the manual of the political economy published under reduction of V. A. Medvedev the following definition is given: “credit, as an economical category, expresses the created relations between the society, labour collective and workers during formation and usage of the loan funds, under the terms of paying present and returning, during transmission of sources for the temporal usage and accumulation”.

Credit is discussed in the following way in the earlier education-methodological manuals of political economy: “credit is the system of money relations, which is created in the process of using and mobilization of temporarily free cash means of the state budget, unions, manufactures, organizations and population. Credit has an objective character. It is used for providing widened further production of the state and other needs. Credit differs from finances by the returning character, while financing of manufactures and organizations by the state is fulfilled without this condition”.

We meet with the following definition if “the course of economy”: “credit is an economical category, which represents relations, while the separate industrial organizations or persons transmit money means to each-other for temporal usage under the conditions of returning. Creation of credit is conditioned by a historical process of fulfilling the economical and money relations, the form of which is the money relation”.

Following scientists give slightly different definitions of credit:
“Credit – is a loan in the form of money or commodity, which is given to the borrower by a creditor under the conditions of returning and paying the percentage rate by the borrower”.
Credit is giving the temporally free money sources or commodity as a debt for the defined terms by the price of fixed percentage. Thus, a credit is the loan in the form of money or commodity. In the process of this loan’s movement, a definite relations are formed between a creditor (the loan is given by a juridical of physical person, who gives certain cash as a debt) and the debtor.
Combining every definition named above, we come to an idea, that credit is giving money capital of commodity as a debt, for certain terms and material provision under the price of firm percentage rate. It expresses definite economical relations between the participants of the process of capital formation. Necessity of the credit relations is conditioned, from one side, by gathering solid quantity of temporarily free money sources, and from the second side, existence of requests of them.

Though, at the same time we must distinguish two resembling concepts: loan and credit. Loan is characterized by:

o Here, the discussion may touch upon transmission of money and also things form one side (loaner) to another (borrower): a)under the owning of the borrower and, at the same time, b) under the conditions of returning same amount or same quantity and quality of the things;

o The loaning of money may bear no interest;

o Any person may take part in it.
With the difference with loan, credit, which is somehow a private occasion of the loan, represents:

o One side (loaner) gives to the second one (borrower) only money, and _ for temporal usage;

o It may not bear no interest (if the assignment doesn’t foresee something);

o In it creditor is not any person, but a credit organization (at the first place, banks).
So, a credit is the bank credit. To our mind, it is not correct to use “credit” and “loan” as the synonyms.
Banking crediting is the union of relations between bank (as a creditor) and its borrower. These relations touch upon:

a) Giving a certain amount of money to the borrower for definite purpose (though, we meet with the so-called free credits, aims and objects of crediting are not appointed in the assignment);

b) Its opportune returning;

c) Getting percentage rate from the borrower for using the sources under his/her disposal.
The essential foundation of the credit essence and its important element is existence of trust between the two sides (in Latin “credo”, from which comes the word “credit”, means “trust”).
From the position of circulation of money forms (in the abstraction, historical process of formation economical relations and social budget and banking systems expressed by them) comparing different definitions of finances and credit, the paradox conclusion appears: credit is the private occasion of finances. And truly, from the position of movement of the money forms, finances represent the process of formation and usage of the funds of cash means. Very often such movements are fulfilled without returning, but sometimes, it is possible to give loans from the budget for the investment projects of other needs. Also, when a manufacture or corporations use their cash funds and we mean the finances of industrial subject, such usage may be realized as inside the manufacture or corporation (there is no subject about returning or not returning of the usage), so gratis under conditions of returning. This latest is called commercial form because of transmitting the sources to others, but even in this occasion, it is the element of financial system of the manufacture and corporation.

From the point of cash means movement, main character of credit is the process of formation and usage of the funds of cash means under the conditions of returning and, as a rule, taking the value-percentage. If gating the credit value doesn’t take place (even in the exceptional occasions), according to the movement form, credit becomes a private occasion of finances, as from the net financial funds (consequently from the state budget) the loans which bear no interests may be used. If gating credit value takes place, by the appearance form, credit is discussed to be financial modification.

From the historical point of view, finances (especially in the sort of the state budget) and credit (beginning with usury, later commercial and banking) were developing differently for considering credit to be the part of finances. Though, from the genetic-historical point of view, previous loaners, before giving loan, needed gathering the permanent capital not returning, that is the net financial foundation. The banks analogously needed concentration of the important own capital for influxing the consumers’ means and for getting higher percentage rate under the conditions of returning. Herewith, exactly on the financial basis, in the sort of financial fund (which later partially becomes loan fund) part of the bank capital appears to be the reservation (insurance) part of the fund, which by nature is financial and not loan. So notwithstanding the essential distinctions between finances and credit form the genetic-historical point of view, credit appears to be formed from finances and represent their modification.

From the essential position of expressing economical relations of finances and credit, we meet with cardinal distinctions between these two categories. Which mostly expressed by the distinction of the movement forms notwithstanding they are returnable or not. Finances express relations in the aspects of distribution and redistribution of social product and part of the national wealth. Credit expresses distribution of the appropriate value only in the section of percentage given for loan, while according to the loan itself, a only a temporal distribution of money sources takes place.
Herewith, there is a lot of common between the finances and credit as from the essential point of view, so according to the form of movement. At the same time, there is a significant distinction between finances and credit as in the essence, so in the form too. According to this, there must be a kind of generally economical category, which will consider finances and credit as a total unity, and in the bounds of this category itself, the separation of the specific essence of the finances and credit would take place.

Funding of the cash means is common to the researched economical categories. It takes place in any separate system of finances and credit, which have been touched upon during the analyses of defining finances and credit. Word combination “funding of the cash sources (fund formation)” reflects and defines exactly essence and form of economical category of more general character, those of finances and credit categories. Though in the in economical texts and practice, it is very uncomfortable to use a termini, which consists of three words. Also, “unloading” with an information hardens greatly its influxing into the circulation even in the conditions of its strict substantiation and thoroughness.
In the discussing context we consider:

1) wide and narrow understanding of economical category of the finances;

2) discussing finances in narrow understanding under general traditional meaning;

3) discussing finances, as funding of the cash means, in wide understanding, which concerns finances – in narrow meaning and credit – in complete meaning.
Termini “funding” and its equivalent “fund formation” are used by us as the purposeful structuring of cash means, which is based on two poles – accumulation of money sources (gathering) and its usage for definite purpose in the way of financing and crediting.
We have established a new termini – “finance-investment sphere” (FIS). Analyses about interrelation of finances and credit made by us give us an opportunity of proving, that in the given termini, the word “financial” is used with the meaning of funding cash sources, its purposeful structuring. In this process we consider at the same time financial, credit and investments’ economical categories.

Let’s sum up middle results of discussing new concept – “finance-investment sphere” and discuss its investment consisting parts.

The concept “investments” was brought into the native economical science from the West. In the Soviet economical science they for a long time used in the place “investments” the termini “capital placement”, which expressed the usage of the industrial factors in the sphere of real industrial activities during realization of capital projects. From one glance, this termini in its concept is identical to the “investments”, consequently it is possible to use them as synonyms. Though the termini “investments” and “investing” have the advantage towards the termini “capital placement” from linguistic and philological points of view, because they are expressed with one word. This is not only economical and comfortable in the process of working with the termini “investment” itself, but also it gives an opportunity of termini formation. More concretely: “investment process”, “investment domain”, “finance-investment sphere” – all these termini are much more acceptable.
Changing native economical termini with foreign ones is purposeful, if it really matters (by keeping parallel usage of the native termini for the inheritance). Though we must not change native economical termini into foreign ones all together, when by ordinal traditional language easy to explain private and narrow concrete processes and elements get their own termini. The “movement” of these termini is approved in the narrow professional bounds, but their “spitting out” into the economical science may turn economical language into the tangled slang.

Let’s discuss termini – “investment” and “capital placement’s” usage in the economical literature.
Investments are placement of funds into the main and circulation capital for the purpose of getting profit. “Investments in material assets – are the placements of funds into the mobile and real estate (land, buildings, furniture and so on). Investments in financial assets are the placements of funds into the securities bank accounts and other financial instruments”.

We don’t meet with the termini “investments” in the earlier economical dictionary, but we meet the combined termini “investment policy” – the union of the industrial decisions, which guarantee main directions of the capital investments, the activities of their concentration in the determinant suburbs, on which the reaching of planned rates of development of the society production is depended, balancing and effectiveness, getting more and more production and profit of the national income for every lost Ruble”. For today, in the most actual definitions, the capital investments are bounded only by financial means, when not only financial, but also the investment of natural, material-technical and informational resources takes place. Labour resources take an actual place in the investment process. They themselves fulfill this or that investment process.

A positive side of the discussed definitions is that they connect investment policy and capital placements (investments):

– economical development according to the key directions to the concentration;

– providing high rates of economical growth;

– raising an economical effectiveness, which is expressed:

a) by growing the throw off of the production and national income for every lost Ruble;

b) by fulfilling the branch structure of the investments;

c) by improving their technological structure;

d) by optimization of their further production structure.

Compared with such definition of the investments (capital placement) the definition of investments in the dictionary attaching the “Economics” seems to be unimproved: “investments – the expenses of gathering production and industrial means and increasing material reserve”. In this definition current expenses (production expenses) are mixed with the investment (capital) expense. Also, not the investment expenses but (though the investments are followed by the appropriate expenses) exactly advancing. It differs from the expenses by that the means (means) are put by returning the advanced values, also, under the conditions of growth, to which the concept-advanced capital is corresponding. the advancing may be realized in the money, natural-material and informational forms.

Except the termini “investments”, there are two more termini related with the investment. They are shown below.

“Human capital investment” – any activity provided for rising the workers labour productivity (in the way of growing their qualification and developing their abilities); at the expenses of improving the workers’ education, health and raising the mobility of the working forces”. It is very useful to use the mentioned termini, though it needs one correction: the human capital investments do not concern only workers, but also the servants, representatives of every kind of labour.
“Investment commodity, capital goods – a capital.”

In the official manuals of political economy of the reformation time the capital investments are discussed as “expenses for creating new main funds and widening, reconstruction and renewing the active ones”. In this definition the investments (capital placements) during separation of the forms (types) of further production of the main funds are bounded only by main funds (without increases of the circulation funds and insurance reserves):

a) creating new ones;

b) widening;

c) reconstruction;

d) renewing.

Also, the concept of the industrial gathering appears, at the expenses of widening of basic, circulation funds and also insurance reserves takes place”.

You’ll meet below the definitions of investments from “the course of economy”: the investments are called “placements of fund into the basic capital (basic means of production), reserves, also other economical objects and processes, which request long-termed influxing of material and cash means. “According to the division of capital into physical and money forms, the investments too must be divided into material and cash investments”.

They apportion investment commodity, to which belong industrial and nonindustrial building objects, vehicles purposed for changing or widened technical park and the furniture, increasing reserves and others.

“They call the total investments of production an investment product, which is directed towards keeping and increasing the basic capital (basic means) and reserve. Total investments consist of two parts. One of them is called the depreciation; it represents important investment resources for compensation of renewal till the level of before industrial usage, wearing out and repairing of the basic means. Second consisting part of the total investments is represented by net investments – capital investments for the purpose of increasing basic means”. Depreciation is not a compensation resource of wearing the basic funds out, but it is the purposeful financial source of such resources.
Human capital investment is “a specific kind of investments, mostly in education and health protection”.

“Real investments are the investments in the economical branches and also, they are kinds of economical activities, which provide influxing the increases of real capital, that is increasing material values of the industrial means”. We can agree with such definition with one specification that material and nonmaterial values too belong to the real capital (wealth), consequently science-researching experimental-construction results, various information, education of he workers and others. Such service as organization of the excitable games, also the service of redistribution social wealth from one private person to another (except charity).

“Financial investments represent placement of funds into the shares, obligations, promissory notes, other securities and instruments. Such investments, of course, do not give increases of the real material capital, but they help getting profit, consequently at the expenses of changing the course of the securities in the time of speculation, or distinguishing the course in different places of sell and purchasing”. We share wholly such definition, hence it follows that financial investments (if it is not followed by real investments as a result) do not increase real material wealth and real nonmaterial wealth. According to this context, the expression below is very important: “we must distinguish financial investments, which represent placement of the funds in the ways of selling and purchasing the securities for the purpose of getting profit and financial investments, which become cash and real, moved to real physical capital.”

In the “economical course” quoted before long and short-termed investments are separated. Recognizing the existence of the bounds between them, the authors ascribe short-termed investments to “one month or more” investments. If we get such conditioned criteria, that we can call the investments which overcome the terms of some months, long-termed ones, which is very doubtful and we don’t agree with it. A long-termed character of the fund placement is a significant feature of the investments (short-term doesn’t combine with the concept of investments). Principally, it would be better to point out quick compensative, middle termed compensative and long-termed compensative investments:

– less then 6 months – quick compensative;

– from 6 months up to the year and a half – middle termed compensative;

– more then the year and a half – long termed compensative.

We stopped at the definition of the investments in the capital work “economical course” for the special purpose, as, in it the author tried to discuss the concept of investments systemically and quite completely, herewith the book is published just now.

We’ll return to the discussion the definition economical category of “investments” in different publications in the following chapter. The definitions given here are quite enough for having a notion of the level of lighting up the given category in the economical literature.
What conclusions may be made according the definition of the mentioned economical category in the published works, except the made notions and specifications?

There is quite deeply, concretely and thoroughly defined the concept of “investments”, different definitions in the economical literature; but mostly in every works about the investments discussed by us until now, there is not opened the essence of investments as an economical category. In every monograph , even if it has a title investment, as an economical category , there is given only the definition, concept of investments. But, as the Academician Vasil Chantladze explains, “a concept is a discussion, which proves something about the distinguishing feature of the researched object. A concept out of much essential characteristic features represents only one, and essential in it is only – definition”.

But the categories are much wider; it is “a key, the most fundamental concept of every science”. Economical categories theoretically represent real, objectively existed productive relations. A category is the defining of occasions of existed characters, connections, relations of the objective world. Generally, any educational process is fulfilled by the categories, which give opportunities for dividing the processes and occasions semantically, for expressing the definitions of a subject and realize their specific peculiarities and economical relations of a material world.
Our goal is exactly to substantiate investments – as an economical category and also, as a financial category in the narrow understanding.

Here we apply for another manual thesis made by the academician Vasil Chantladze: “every financial relation is an economical one and every financial category is and economical one, but not every economical relation and economical category is financial relation and financial category”.
In the process of defining the investments, it is important to take in mind the sides of resources, expenses and incomes, because investment, from one side, is the result of the manufacture’s activity, and, from another one, – a part of income, which, in this case, is not used for usage.
Another occasion: it is advisable to discuss investments in two aspects: as a category of reserve and flow, which will reflect exactly the connection between “placement of funds” and “investments”.

As we’ve mentioned above, not long ago, in the well-known Soviet literature the concepts of “the placement of funds” and “investments” were accepted to be the synonyms and concerned to be investment of sources for further production of the main funds and formation of the turnover funds. We meet with such understanding of the concept of “investment” (here, they separate three types of the investment expenses: investments in the basic capital of investments, investments in the house building and investments in the reserves) in the modern economical publications and it is mostly used on the macro level during a statistical analyze of economical processes. In this concrete occasion investment is the category of reserve.

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Whatever similar keyword you type into Google you come up with a million or more searches for people wanting to work at home. How can we satisfy this growing army of would-be entrepreneurs? Are they just looking, or are they serious about wanting to work at home.

What exactly are they all searching for? There are so many ways of making money online; here are a few business ideas that come to mind:

Selling imported paintings

Selling portraits of people or pets, painted from photographs

Specific or hand-made greeting cards

Golfing products

Weight loss products – always popular

There are so many ideas, the list could be pages long, in fact any hobby that has a following of people with a disposable income can be considered. Check out magazine racks for ideas. Some ideas will be more profitable than others so do some research into viability and numbers by searching on Google with the keyword tracking tool.

If you were looking and I asked you what you were looking for, could you tell me?

would you be looking to work at home on-line part-time?

would you want your home business to be simple to set-up?

Would you like it to be low-cost?

Do you have a laptop you can use, and an internet connection?

Would you like the flexibility to expand it at a later date?

Would you like to work flexible hours to fit into your life-style?

If you’d answered yes to the above questions I would suggest affiliate marketing, as this is simple to start and run, it is low-cost, and can be flexible, but you would need to commit to spending some-time daily on learning techniques and growing your hobby business. Being involved every-day is much better than fits and starts!

It is best to start whilst you have an income from your current work as it doesn’t happen immediately you have to give it time and effort to grow and learn your new skills. A mentor to guide you initially will save you time, and trial and error as you will follow a proven path. Don’t reinvent the wheel.

Affiliate marketing is a system for sending customers to other people’s products, and getting paid, with no face to face selling. You don’t have to build a website unless you want to or deal with payments delivery or customer service. It is all taken care of for you. It is the simplest system I know for starting online.

Is this the kind of business you would be looking for? You can choose any niche or hobby that appeals to you; in fact it is better if it is a topic you are passionate about as you will enjoy working on it! Especially if later you intend to produce your own products.

There is a great deal of information available on the web, and YouTube and on Facebook groups, recommendation is always good.

A few books that could help you:

If you need to make your current job more satisfying whilst you build your business part-time “Thank God its Monday” by Charles Cameron and Suzanne Elusorr. (Strange title it isn’t religious)!

“Do It a Guide to Living Your Dreams” by John-Rodger and Peter McWilliams, to convince you now is the time and you can do it!

“Living with Passion” by Peter L. Hirsch, he offers you 10 secrets to success.

If you need a new laptop: “Microsoft Windows 8 Made Easy, has great illustrations. Or you could choose a good reconditioned model if you prefer Windows 7.

Well I hope there are some suggestions here to help you if you are one of the millions searching and I would like to wish you every success in your new venture. Growing your own business is one of the most exciting things you can choose to do – I love it.

FREE VIDEOS on Affiliate Marketing

Sarah Staar – Super Affiliate and Renown Coach has allowed me to share her amazing Marketing Videos. She guides you through the process SHE USES to build a profitable and successful business, FAST.

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Tax Preparation Service in Phoenix

Business tax preparation is a common procedure for any business, big, medium or small. Taxes have to be paid in due time, and this is possible only if the organization appoints staff within the organization to handle deadlines, calculations and payouts. But these days tax preparation work is being outsourced to other agencies, which relieves the company of setting up a separate segment and hiring new recruits. All that needs to be done is to pay necessary charges to the agency and accurate tax preparation protocol is followed, right down to the format prescribed by the law. They ensure that taxes are paid well before the due date.

When tax season comes around, you roll your eyes and wonder how difficult it will be to figure it out this time. Tax preparation has come a long way and there are many options to help you out and make your taxes a successful experience every time. There are online preparation services through professional offices. There are software programs that guide you through the process. Preparation of tax returns should be done very cautiously, because the tax payer is responsible for each and every word written on the tax return even though it is prepared by a professional. The preparer should be able to provide you with practical and convenient tips for tax saving.

Professional tax preparation has experience and credentials to handle just about any tax situation. If your taxes are simple you can expect to have quick turn around and a fair price. Although these companies do a great job, they may cost more and you may not need their high level of experience for your simple taxes. But for people who already have tax problems or anticipate some problems, hiring this level of professional tax preparation service can be the best thing you ever do. There are certain things that one should follow when hiring an individual or a firm for online tax preparation:

  • Legally speaking, the professional preparer should sign the returns form in the preparer areas. He/she should furnish the identification number on the return. He or she should give a copy of the return to the tax payer.
  • The preparer should be very accurate with filling in your details. Your personal information along with your registration number should be mentioned accurately.
  • The tax preparer should be efficient in online accounting.
  • Do not sign on blank tax returns form ever and do not use a pencil for signing as the signature can be easily erased and your signature replaced.
  • You should present any notices and refund checks that you might have got from your attorney to the tax preparer for preparing the returns.
  • Online bookkeeping is something that your tax preparer should be efficient in.

The tax preparer should be adequately qualified and experienced for his/her job, because each and every word he or she writes in the return from is evaluated by the tax collection authorities, and there is every opportunity of the tax payer being penalized for terms that are vague or seem to be unreliable.
Tax preparation should be done with a lot of caution as each and every word mentioned in the tax returns form is the responsibility of the tax payer, even though it might be prepared by another person, a professional or a firm. The tax preparer should be well versed in their work. They should be adequately qualified and experienced to prepare the tax returns statement. They should fill out the form with clear and reliable statements and should sign the tax returns from wherever applicable.

They should fill in the areas on the tax return form where the preparer’s information is required. Details like identification number should be clearly furnished on the form and should be signed. The person should not leave any blank areas. The details of the tax payer presented on the returns form should be accurate. It is mandatory for furnishing the registration number of the tax payer. The tax preparer should be able to provide easy-to-implement tax saving tips, and they should be adept at online bookkeeping and accounting. Any notices and refund checks, if obtained from an attorney, should be furnished to the tax preparer. On the whole, preparation of tax return statements should be done in a very careful manner as mistakes might cost the tax payer a lot.

In addition, People that focus on accounting, small business tax preparation, and individual tax prep that need a great accountant in Phoenix AZ that they can trust should to call Richard Steiman of bsfaz.com. They offer tax preparation Phoenix. They are another great option for getting your taxes ready. They have proven methods of handling your taxes that may be just what you need to complete yours.

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Best in Class Finance Functions For Police Forces

Police funding has risen by £4.8 billion and 77 per cent (39 per cent in real terms) since 1997. However the days where forces have enjoyed such levels of funding are over.

Chief Constables and senior management recognize that the annual cycle of looking for efficiencies year-on-year is not sustainable, and will not address the cash shortfall in years to come.
Facing slower funding growth and real cash deficits in their budgets, the Police Service must adopt innovative strategies which generate the productivity and efficiency gains needed to deliver high quality policing to the public.

The step-change in performance required to meet this challenge will only be achieved if the police service fully embraces effective resource management and makes efficient and productive use of its technology, partnerships and people.

The finance function has an essential role to play in addressing these challenges and supporting Forces’ objectives economically and efficiently.

Challenge

Police Forces tend to nurture a divisional and departmental culture rather than a corporate one, with individual procurement activities that do not exploit economies of scale. This is in part the result of over a decade of devolving functions from the center to the.divisions.

In order to reduce costs, improve efficiency and mitigate against the threat of “top down” mandatory, centrally-driven initiatives, Police Forces need to set up a corporate back office and induce behavioral change. This change must involve compliance with a corporate culture rather than a series of silos running through the organization.

Developing a Best in Class Finance Function

Traditionally finance functions within Police Forces have focused on transactional processing with only limited support for management information and business decision support. With a renewed focus on efficiencies, there is now a pressing need for finance departments to transform in order to add greater value to the force but with minimal costs.

1) Aligning to Force Strategy

As Police Forces need finance to function, it is imperative that finance and operations are closely aligned. This collaboration can be very powerful and help deliver significant improvements to a Force, but in order to achieve this model, there are many barriers to overcome. Finance Directors must look at whether their Force is ready for this collaboration, but more importantly, they must consider whether the Force itself can survive without it.

Finance requires a clear vision that centers around its role as a balanced business partner. However to achieve this vision a huge effort is required from the bottom up to understand the significant complexity in underlying systems and processes and to devise a way forward that can work for that particular organization.

The success of any change management program is dependent on its execution. Change is difficult and costly to execute correctly, and often, Police Forces lack the relevant experience to achieve such change. Although finance directors are required to hold appropriate professional qualifications (as opposed to being former police officers as was the case a few years ago) many have progressed within the Public Sector with limited opportunities for learning from and interaction with best in class methodologies. In addition cultural issues around self-preservation can present barriers to change.

Whilst it is relatively easy to get the message of finance transformation across, securing commitment to embark on bold change can be tough. Business cases often lack the quality required to drive through change and even where they are of exceptional quality senior police officers often lack the commercial awareness to trust them.

2) Supporting Force Decisions

Many Finance Directors are keen to develop their finance functions. The challenge they face is convincing the rest of the Force that the finance function can add value – by devoting more time and effort to financial analysis and providing senior management with the tools to understand the financial implications of major strategic decisions.

Maintaining Financial Controls and Managing Risk

Sarbanes Oxley, International Financial Reporting Standards (IFRS), Basel II and Individual Capital Assessments (ICA) have all put financial controls and reporting under the spotlight in the private sector. This in turn is increasing the spotlight on financial controls in the public sector.

A ‘Best in Class’ Police Force finance function will not just have the minimum controls to meet the regulatory requirements but will evaluate how the legislation and regulations that the finance function are required to comply with, can be leveraged to provide value to the organization. Providing strategic information that will enable the force to meet its objectives is a key task for a leading finance function.

3) Value to the Force

The drive for development over the last decade or so, has moved decision making to the Divisions and has led to an increase in costs in the finance function. Through utilizing a number of initiatives in a program of transformation, a Force can leverage up to 40% of savings on the cost of finance together with improving the responsiveness of finance teams and the quality of financial information. These initiatives include:

Centralization

By centralizing the finance function, a Police Force can create centers of excellence where industry best practice can be developed and shared. This will not only re-empower the department, creating greater independence and objectivity in assessing projects and performance, but also lead to more consistent management information and a higher degree of control. A Police Force can also develop a business partner group to act as strategic liaisons to departments and divisions. The business partners would, for example, advise on how the departmental and divisional commanders can meet the budget in future months instead of merely advising that the budget has been missed for the previous month.

With the mundane number crunching being performed in a shared service center, finance professionals will find they now have time to act as business partners to divisions and departments and focus on the strategic issues.

The cultural impact on the departments and divisional commanders should not be underestimated. Commanders will be concerned that:

o Their budgets will be centralized
o Workloads would increase
o There will be limited access to finance individuals
o There will not be on site support

However, if the centralized shared service center is designed appropriately none of the above should apply. In fact from centralization under a best practice model, leaders should accrue the following benefits:

o Strategic advice provided by business partners
o Increased flexibility
o Improved management information
o Faster transactions
o Reduced number of unresolved queries
o Greater clarity on service and cost of provision
o Forum for finance to be strategically aligned to the needs of the Force

A Force that moves from a de-centralized to a centralized system should try and ensure that the finance function does not lose touch with the Chief Constable and Divisional Commanders. Forces need to have a robust business case for finance transformation combined with a governance structure that spans operational, tactical and strategic requirements. There is a risk that potential benefits of implementing such a change may not be realized if the program is not carefully managed. Investment is needed to create a successful centralized finance function. Typically the future potential benefits of greater visibility and control, consistent processes, standardized management information, economies of scale, long-term cost savings and an empowered group of proud finance professionals, should outweigh those initial costs.

To reduce the commercial, operational and capability risks, the finance functions can be completely outsourced or partially outsourced to third parties. This will provide guaranteed cost benefits and may provide the opportunity to leverage relationships with vendors that provide best practice processes.

Process Efficiencies

Typically for Police Forces the focus on development has developed a silo based culture with disparate processes. As a result significant opportunities exist for standardization and simplification of processes which provide scalability, reduce manual effort and deliver business benefit. From simply rationalizing processes, a force can typically accrue a 40% reduction in the number of processes. An example of this is the use of electronic bank statements instead of using the manual bank statement for bank reconciliation and accounts receivable processes. This would save considerable effort that is involved in analyzing the data, moving the data onto different spreadsheet and inputting the data into the financial systems.

Organizations that possess a silo operating model tend to have significant inefficiencies and duplication in their processes, for example in HR and Payroll. This is largely due to the teams involved meeting their own goals but not aligning to the corporate objectives of an organization. Police Forces have a number of independent teams that are reliant on one another for data with finance in departments, divisions and headquarters sending and receiving information from each other as well as from the rest of the Force. The silo model leads to ineffective data being received by the teams that then have to carry out additional work to obtain the information required.

Whilst the argument for development has been well made in the context of moving decision making closer to operational service delivery, the added cost in terms of resources, duplication and misaligned processes has rarely featured in the debate. In the current financial climate these costs need to be recognized.

Culture

Within transactional processes, a leading finance function will set up targets for staff members on a daily basis. This target setting is an element of the metric based culture that leading finance functions develop. If the appropriate metrics of productivity and quality are applied and when these targets are challenging but not impossible, this is proven to result in improvements to productivity and quality.

A ‘Best in Class’ finance function in Police Forces will have a service focused culture, with the primary objectives of providing a high level of satisfaction for its customers (departments, divisions, employees & suppliers). A ‘Best in Class’ finance function will measure customer satisfaction on a timely basis through a metric based approach. This will be combined with a team wide focus on process improvement, with process owners, that will not necessarily be the team leads, owning force-wide improvement to each of the finance processes.

Organizational Improvements

Organizational structures within Police Forces are typically made up of supervisors leading teams of one to four team members. Through centralizing and consolidating the finance function, an opportunity exists to increase the span of control to best practice levels of 6 to 8 team members to one team lead / supervisor. By adjusting the organizational structure and increasing the span of control, Police Forces can accrue significant cashable benefit from a reduction in the number of team leads and team leads can accrue better management experience from managing larger teams.

Technology Enabled Improvements

There are a significant number of technology improvements that a Police Force could implement to help develop a ‘Best in Class’ finance function.

These include:

A) Scanning and workflow

Through adopting a scanning and workflow solution to replace manual processes, improved visibility, transparency and efficiencies can be reaped.

B) Call logging, tracking and workflow tool

Police Forces generally have a number of individuals responding to internal and supplier queries. These queries are neither logged nor tracked. The consequence of this is dual:

o Queries consume considerable effort within a particular finance team. There is a high risk of duplicated effort from the lack of logging of queries. For example, a query could be responded to for 30 minutes by person A in the finance team. Due to this query not being logged, if the individual that raised the query called up again and spoke to a different person then just for one additional question, this could take up to 20 minutes to ensure that the background was appropriately explained.

o Queries can have numerous interfaces with the business. An unresolved query can be responded against by up to four separate teams with considerable delay in providing a clear answer for the supplier.

The implementation of a call logging, tracking and workflow tool to document, measure and close internal and supplier queries combined with the set up of a central queries team, would significantly reduce the effort involved in responding to queries within the finance departments and divisions, as well as within the actual divisions and departments, and procurement.

C) Database solution

Throughout finance departments there are a significant number of spreadsheets utilized prior to input into the financial system. There is a tendency to transfer information manually from one spreadsheet to another to meet the needs of different teams.

Replacing the spreadsheets with a database solution would rationalize the number of inputs and lead to effort savings for the front line Police Officers as well as Police Staff.

D) Customize reports

In obtaining management information from the financial systems, police staff run a series of reports, import these into excel, use lookups to match the data and implement pivots to illustrate the data as required. There is significant manual effort that is involved in carrying out this work. Through customizing reports the outputs from the financial system can be set up to provide the data in the formats required through the click of a button. This would have the benefit of reduced effort and improved motivation for team members that previously carried out these mundane tasks.

In designing, procuring and implementing new technology enabling tools, a Police Force will face a number of challenges including investment approval; IT capacity; capability; and procurement.

These challenges can be mitigated through partnering with a third party service company with whom the investment can be shared, the skills can be provided and the procurement cycle can be minimized.

Conclusion

It is clear that cultural, process and technology change is required if police forces are to deliver both sustainable efficiencies and high quality services. In an environment where for the first time forces face real cash deficits and face having to reduce police officer and support staff numbers whilst maintaining current performance levels the current finance delivery models requires new thinking.

While there a number of barriers to be overcome in achieving a best in class finance function, it won’t be long before such a decision becomes mandatory. Those who are ahead of the curve will inevitably find themselves in a stronger position.

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I have been in affiliate marketing for over 15 years now. After a stint with our government and being trained in “comms” (communications) I began an affinity with the Internet and took a strong interest in web development. I loved the aspect of building a website, the creativity of graphic design and much later, search engine optimization. Subsequent to my government employ, while working the regular job, nine-to-five, I began dabbling with Affiliate Marketing.

Affiliate marketing is basically selling someone else’s product or service in order to gain a commission on the sale. ClickBank was my first venture and it actually worked for a while. I distinctly recall making my first sale online and hopping up and down in my single-bedroom apartment so long ago. My dog thought I was totally nuts. But, it is truly a thrill.

Thus, began my never-ending passion for websites and online marketing. But, sadly, I later learned how trendy certain products can be. I also wasn’t exactly a marketing expert at the time. Over the next several years, I spent literally thousands of dollars buying eBooks, training manuals, webinars, coaching and more. Again, I would make a few bucks here and there, but nothing to quit the day job over. It was truly getting depressing. There are so many scams out there. Sure, there are some major players out there in multi-level marketing bring home six figures. I have met several. But, what have these guys got that I don’t? Well, a few of them already had a huge following when they came across their MLM business. Some were doctors or lawyers with a ton of friends and able to spend big money on marketing. But, that wasn’t going to work for me. I needed a true passive residual income business opportunity.

What is Residual Income?

Residual income is when you so the work once and then get paid again and again. I know what you’re thinking! That’s MLM (multi-level marketing). Well, yes, technically it is. But, for the aforementioned reasons that wasn’t going to work for me. Also, I tried so many of them and was totally lost in how the “downlines” worked or how any company could sustain these kind of payouts. Heck, most of the programs I tried died out just a few years later. Sure, the so-called founders of the so-called business made major money before that happened. But, that left most of us broke.

What Else Do These Scams have in Common?

Are you tired of the hype and empty promises? I was sick of all the empty promises and then signing up and paying monthly with zero guidance on what to do. The newbies were always totally in the dark and the instructions were never clear. Forget trying to get support from the company or talking to them.

It’s Time for Something Different

About a year ago, I heard about a company that didn’t make any outlandish promises. It had been around for quite a while, but for some reason, I just lumped them in with all the others. Call it bad timing and “having been bit” in the rear one too many times. But, recently, I discovered they totally did away with their entrance fee. Yes, it’s totally free to join. So, this piqued my interest. I had already discovered from the major affiliate marketing forums that the company has some outstanding training. I simply couldn’t afford to join at the time.

Now, you CAN join and get inside and see what it’s all about. You can check out their “Bootcamp” affiliate marketing training. But, there’s so much more. You can even build not just your very first website, but also your second without paying one single dime. Beyond that, you can earn income selling affiliate products or premium memberships. Yes, zero out of pocket. All, absolutely free. I was totally stunned. So, I joined for free. No credit card, nothing. I went through the bootcamp which covered everything in extreme detail. I also had help along the way. Not just email, but real live help from professionals making money from home.

As you likely gathered, I’m still a little stunned. I have a professional looking website (two, really) and making commissions and just now upgraded to a premium membership. There are no downlines or anything like that. Simply, there are two memberships – free (the Started membership) and premium (the upgraded one). Basically, you can earn monthly residual income via anyone that joins from your affiliate link. But, you even don’t have to promote this business if you don’t want to. They will explicitly train you to build your first website in any niche you’re passionate about and how to make money doing so. You never need to promote the company itself.

Is This Something You Can Do?

I’m not talking about some get-rich quick scheme. If that’s what you’re seeking, then you might want to stop reading here. This is a solid, proven company that will train you to create a real foundation for a successful online business. The training has nearly 500 modules, but with live help at every step. You’ll never be alone.

If you’re a beginner or a professionally, there are tools inside for you. And, they are constantly developing more tools. From website training, marketing, search engine optimization and even pay-per-click (PPC) marketing. If you’re willing to learn and put in some effort, you can build a successful Internet business.

The Track Record

One thing I always look for when seeking residual income online and that’s the track record of the company behind it. Again, I’ve been bit way too many times. This company has been in business over 10 years. That should give you pause (or excitement) already. On top of that, there are over 100,000 members. Is it saturated? No way! These members have built businesses ranging from affiliate marketing to knitting to fishing and more. Again, you can build your first online business around any topic you’re passionate about. Sounds interesting, doesn’t it?

I can’t urge you enough to take a look. Put your credit card away, you won’t need it. Come and join us on the inside and see what real step-by-step marketing training is like from people actually doing it and willing to help you gain your financial freedom once and for all!

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5 Steps to Successfully Work From Home

Working from home can be quite the challenge if you don’t take the steps necessary to make it work.

Step 1: Set Your Weekly Work Schedule

When working from home decide whether you are going to be full-time or part-time, and then schedule your hours accordingly. The best practice is treating it like your regular 9-5.

For example, if you sell makeup and or beauty products out of your home, you should start cold calling at nine in the morning and marketing via social media.

Just because you work from home does not mean you don’t have to treat it like a normal job. You should set aside time to promote your business, to complete book-keeping, to create marketing strategies, and to follow-up with previous customers.

It is true, that most people choose to work from home to get away from the strict structure of a 9-5, but until your business is up and running successfully, in the beginning you must dedicate more time to growing it.

Step 2: Get Dressed For Work

Hopefully, if you have decided to work from home, you have a home office.

When you wake up in the morning to go into your home office, dress as if you were going to work, this will help you have a more productive morning and day.

Also, if your business requires you to meet with client’s throughout the day, you will already be dressed for the occasion.

Step 3: Avoid Distractions

If you have set your work schedule, stick to it. Don’t let family and friends distract you, let them know what hours you have designated to your business. If you are marketing your business via social media, do not get distracted on unrelated post; stay focused on your objective.

If you are a stay-at-home-mom, schedule your work hours for times when the kids are at school. If you have younger children that are not school-aged, create a play area within your home office that will keep them occupied without distracting you.

Also, as a stay-at-home-mom it is a good practice to not mix business with housework. If you must complete housework set aside a separate time from your business hours.

In order, to have a more productive workday you should eliminate as many distractions as possible.

Step 4: Create a Work Environment

If possible, create a home office. Not only is it a tax write-off, it helps the productivity of your business. Your office should be equipped with all the things you need to have a successful home-based business. A desk, computer, printer, and phone are must-haves for a home-based office.

Step 5: Stay Organized and Be Consistent

It is important to keep your work area organized. Maintain and keep an up-to-date daily planner. Keep track of your incoming and outgoing operational expenses.

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