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  • Renee: CEO Coach & Management Specialist 6:00 am on June 13, 2010 Permalink | Reply
    Tags: bookkeeping, , control, cutting costs, , , , money, Money Management, save money, ,   

    Hey, StartUp…It’s Time To Add It Up 

    Sometimes for many startup businesses they make many mistakes. Start your small business with low startup costs that you can control. Sometimes some entrepreneurs are in such a hurry to get their business going till they don’t add up the cost to start a business or maintain their business.

    They just dive right in.

    Is that you?

    It probably is.

    So hey you startup biz…it’s time to add up the cost to be the boss.

    You need to learn how to manage your money, track your expenses, startup costs & maintain a budget. If you don’t know how then get help from an accountant, bookkeeper, financial expert or software for bookkeeping or money management. You might even find some free sites on online for money management. If you want to be in business any length of time then it takes money to maintain that business, even if it’s a virtual business. I’m not an accountant, bookkeeper etc….but I do know about business and how to maintain one.

    There is so much that you need to know about maintaining a business and starting up one. But today we’ll focus on start up costs and maintenance costs. Entrepreneurs need adequate monetary support in order to create and run a small business. So where are you going to get it from? Could you get financial assistance from: self-financing, loans from bank, friends or family, private stock issue, partnerships, venture capital, credit cards etc…

    You have to set up your new business the right way to help develop a strong foundation for future growth. Many times that begins with money.There are thousands of tasks that every small business owner must consider and do in order to set up a new business.It is imperative to manage your cash flow throughout the life of your business. No matter what the economy looks like.

    If your cash flow gets out of control or mismanaged, that’s when you’ll want to call it quits or wonder what went wrong. Then as a small business you might want to start filing for bankruptcy. That’s not good, especially when you could have just done things right in the first place. Track your sources of capital and expenses. Like I just stated, if you can’t do it alone then get some help. However, you need to plan wisely and assess your available resources in order to start a low-cost business.

     
  • Renee: CEO Coach & Management Specialist 6:57 pm on January 5, 2010 Permalink | Reply
    Tags: , , , financial advice, financial plan, , money, , , ,   

    Your Business Needs A Financial Budget Plan 

    Some small business people just run their business & may not see a need for a budget, as if everything will just fall into place. For many people, the word “budget” has a negative connotation. The future of your business needs a financial plan & strategy. If you haven’t started one already, the time is now. You should develop a budget & stick to it. Yes, budgets may need to be adjusted as time goes along but it’s a good idea to start out with one & set goals.

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    A financial plan & budget helps you to gage your business and tell the performance of your business at the end of a fiscal year. This helps to tell how well your business has done over the year. If your financial budget is looking bad or starts to look bad, it could be a sign of poor planning and lack of a budget.

    There is a lot to think about when creating a budget and maintaining one. It will most definitely benefit you in the end. You need money to help run your business and you need ample amounts of it. Having a budget and monitoring it on a regular basis can help to keep you from running short. Your finances are a big part of your business and should be taken seriously,  not haphazardly.

    If you are always in the mindset of “i’ll get to it later”, then your already headed for disaster. Just simply having a financial budget isn’t a guarantee of success. You have to follow through with it. Start working on a budget at least one to two months before the arrival of the next fiscal year.

    Having a budget helps to put your money to work for you instead of you being controlled by it or not succeeding in your financial goals. If you need assistance in this area you can invest in financial/ money management software, accountant, bookkeeper, CFO, financial expert etc…. You can also come up with your own strategy for money management.

    You have to set financial goals. Make a list of what you want to achieve with your money & how it’ll benefit your company. You can break them down into short term goals such as, what to accomplish in 3-6 months or less than a year.

    What goals to accomplish in medium-term (1 to 3 years) and long-term (5 years or more). As for personal & business, many experts are now saying that you should have at least 9-12 months worth of money saved. They used to say 3-6 months but when you look at the state of the current economy that has changed.

    Most importantly, I can never say it enough, but educate yourself on all aspects of money management, budgeting for yourself & your business. Always have a plan in place. Read money magazines, articles, talk to financial experts, read about investing etc… Evaluate & review your progress monthly, quarterly, or whenever you choose.

    Try it at least semi-annually, to determine if your strategy is working. If you don’t see any success or satisfactory progress then again, take time out to review your strategy. Make changes where needed or get help from a financial expert, accountant, bookkeeper etc…. You have to get it in gear if you want your business to have longevity.~Clerical Business Solutions

     
  • Renee: CEO Coach & Management Specialist 4:33 pm on September 24, 2009 Permalink | Reply
    Tags: , business bankruptcy, , , , financial, government, , , money, problems, relief   

    Bankruptcy: Learning Lessons From The Big Boys 

    There are many things that can cause a business to go bankrupt. If you care about the longevity of your business try to find ways to avoid bankruptcy all together. As a small business, sometimes you can learn lessons from the the big boys: major corporations.

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    Many times it may seem like they have it all together but behind the scenes things are not so good. Then come to find out the companies that you thought were doing good are now going into bankruptcy. In conjunction with a bad economy & to no avail, many people are being forced into bankruptcy which causes problems in their business.

    In 2008 many big companies filed for bankruptcy like Circuit City, Bally Total Fitness, Linens n’ Things etc… For 2009 many may be looking to file such as Hertz Rent-A-Car, Sprint, Macy’s, Textron, Goodyear, Chrysler etc…

    Take a look at the Chrysler corporation, after trying many options to negotiate it’s debts, they have filed for bankruptcy in 2009 in an effort to reorganize & become more viable. According to the Reuters Report, Chrysler’s Chapter 11 filing is the first bankruptcy by a major U.S. automaker.

    Will you be the next to file?

    Sometimes bankruptcy can be caused by bad financial management or circumstances beyond the owners control. To help avoid this problem try to seek out wise financial counseling for yourself and your business.

    Business bankruptcy is serious business & at some point in time in your small business you may run into financial problems. But with a little creativity and strategic planning, you can stop a small financial problem from turning into an outrageous financial crisis.

    Sometimes bankruptcy serves as a relief to business owners who are financially stressed & they’re unable to find a way out or as a way to reorganize their operations in attempts to become viable after tough times.

    Would reorganization or relief through bankruptcy

    benefit a small business?

    It is imperative for a business owner to find ways to overcome the financial problems that occur due to poor planning and lack of finance.  Then find ways to continue to run your business until it turns profitable.

    At the end of the day when you take a look at it all, regardless of how good your product, how established your brand name, how valuable your plant and machinery or how dedicated and competent your staff; a negative cash flow could cause your business to crash & burn.

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  • Renee: CEO Coach & Management Specialist 5:14 pm on June 17, 2009 Permalink | Reply
    Tags: effort, , money, , overstressed, , pay for, tasks, , , what,   

    You Get What You Pay For 

    In any economy people want to get more bang for their buck and finding the right service or products to fulfill those needs can be time consuming & costly. You could end up switching from service to service which will waste your time and energy.                                                            300_56091

    Well cheaper doesn’t always mean better. Many seem to feel that they can get a great service done for cheaper, save money and time but that’s quite the contrary. Usually when you go for cheaper price you get cheaper service in terms of quality and dependability. You want top value and top quality.

    Many businesses have solutions to problems and sometimes when prices are too low they can be too good to be true. When you are looking for a service to fulfill your needs concentrate on value more than pricing. Many times it could be better to pay a service provider or consultant a higher price for a 1 hour session or service and get top value and benefits from that service than to pay a lesser price to someone or a business who will give you less than what you deserve or want. 

    With cheaper services or products you could end up with lack of communication skills, inferior service with little to no benefits for you or your business. Look at it this way; don’t get too caught up in the numbers~price is what you pay value is what you get. Most of us worry about money — how to earn it, how to save it, how to manage it, how to get as much as we can while spending as little as possible.

    Many people want information, a product or service provider who is fueled by their passion, drive and dedication to help you succeed in your business or projects. Sometimes price is a reflection of that. Many may disagree but only time will tell when you invest time and money into a business that you want or need to provide a serivce for you.

    Often, the most straight-forward and simple money-saving tricks work well but, at some point, the “just spend less money” approach isn’t helpful advice or a sound business practice. Yes, sometimes a business needs to look at ways to cut costs, save money & still operate efficiently, but you have to be careful where you decide to cut costs.

    It will likely cost you more money at the end of day when contrasted with true professionals.

    Money is one of the greatest tools in life. It can buy convenience, freedom, fun experiences, memorable events, and all sorts of things that make life more comfortable. But money can also be frittered away, scattered on a pile of small things that have little impact on your life or business or spent on big-ticket items that have small-ticket results.

    Many times many businesses will overhype and under deliver. When deciding on your next service provider, take time out to look at the value that you’d receive for your time and money. If you want value, measurable, sustainable results & solutions for your business, projects, time and money take a look into many of the options that are available to fulfill your needs.

    ~The Author~

    Clerical Business Solutions  ~Business Strategy Consulting Services & Virtual Assistance Services. Providing business consulting & outsourcing services such as administrative support/ business management, project support etc…

    Consulting with you on strategy/ strategic planning, goal setting etc… to start-ups, business owners, managers & professionals who may need some beneficial guidance, business support and/ or too busy to handle their workload themselves, those who may want to offload & outsource or just need beneficial business consulting advice along their business journey. Contact today: http://WWW.CLERICALSOLUTIONSINC.NET   

     

    http://www.condron.us
     
    • Casper Cole 1:23 pm on June 29, 2009 Permalink | Reply

      i feel exactly the same way. if a product or service is available cheap, there always has to be a catch. Especially when choosing any particular service you have to be very careful and take your time and research everything and never dive into anything you would regret.

      Timesvr.com

      • Clerical Business Solutions 2:06 pm on June 29, 2009 Permalink | Reply

        Hi Casper,

        It’s always good for anyone to be mindful of the things that they purchase, especially if they are looking for long term investments in a product or service. Sometimes price is an indicator of that. By just taking a look at what you’d get for your money can help a lot.

        Clerical Business Solutions~
        Business Consulting & Project Management (Virtual Assistant Services), Outsourcing
        http://WWW.CLERICALSOLUTIONSINC.NET

  • Renee: CEO Coach & Management Specialist 1:33 pm on October 7, 2008 Permalink | Reply
    Tags: bailout, , , finance, money, , onshore, , , stock market, , wall street   

    Outsourcing: Does It Make Dollars & Sense? 

    As you grow , begin or maintain your business there are many factors and areas of your business that may lead you to seek outside resources for support. From time to time all sorts of businesses utilize some form of outsourcing services in some way, shape, form or fashion,even for a one time project. Some business owners use outsourcing as a permanent way of doing business. Which has helped them to improve on their business operations and their bottom-line.

    But the big question is: Does outsourcing make dollars & sense?

    Why Yes It Does!

    It Makes Dollars:

    Outsourcing makes dollars by helping you to save money and free your time so that you can focus on the 20% of tasks that produce 80% of your income. Outsourcing improves your efficiency and your bottom-line. Outsourcing helps you to reduce your overhead, many business expenses and many employee related expenses. Conducting many non-profit producing tasks in-house can be sometimes difficult to predict or control the COST of getting something done. When the work is done in-house, many things can increase the cost of performing a specific task.

    A good part of the profit producing operations are performed or initiated by YOU. As your administrative demands increase, you’ll find less time to devote to that which produces the INCOME  of the company. Hiring extra in-house employees decreases your savings, a business becomes heavier and its own success creates the barriers which inevitably stagnate your growth in terms of profits and income. So outsourcing to a Virtual Assistant is a viable option for your business, which makes you dollars. Outsource routines that don’t directly produce profit.

    It Makes Sense.

    Outsourcing makes sense because it helps you to stay on top of the administrative demand of your business. You CAN NOT IGNORE the administrative demands of your business, these tasks are the backbone and support of your business. If you neglect these supportive tasks then these support activities will deteriorate and begin impeding your profit producing activities. IGNORING administrative tasks cuts off CONTROL of your business activity and that’s not a viable option at all. This is where outsourcing to a Virtual Assistant can help.

    Basically to sum it up outsourcing makes dollars and sense. It is a worthwhile alternative if a task occurs on a regular basis but has no impact on your clients experience and the task itself is not one of your core business activities. Outsourcing is a great investment for your business and your bottom-line.

     
  • Renee: CEO Coach & Management Specialist 3:24 pm on April 15, 2008 Permalink | Reply
    Tags: , , , , , , , business coach, , , , , , , , , , , , faith, , , , , imports, , , , money, , , , , , tax professionals, , , , , ,   

    Watch Out For IRS Scams 

    There are many identity theft schemes that use the IRS name in order to get your personal information. They come to you through unsolicited phone calls, unsolicited emails from the IRS (Internal Revenue Service).  Be careful because you are not talking to the IRS like you may think that you are.

    There have been over 200 complaints about phishing schemes reported to the Internet Crime Complaint Center since 2006. These phishing schemes falsely use the IRS name as bait. Now the scammers have new tricks up their sleeves. They use personalized email greetings, the promise of tax rebates, sometimes threats to get you to give up your personal information. Don’t fall for these tactics.

    Don’t give out your personal information to anyone that you have not contacted yourself. If they say that they are the IRS then call the IRS for yourself to verify their claims before you give out your information.

    Don’t fall for these IRS scams:

    Scam # 1. Tax Refund Emails

    The scammers will use the IRS name & logo in an email to fool you. Contact the IRS if you receive one of these emails to verify if the IRS really did send you the email. The IRS name & logo may look real but look closely at the footer on the bottom of the email it will have a copyright 2008, IRS U.S.A. That may look real but it usually is copied and pasted onto the email. Most scams come from overseas and have a lot of misspelled words, incorrect grammer etc…

    Also the subject line may have “Notice From the IRS” and have IRS in the domain name. Some emails will have a link in the email for you to click in order to claim your refund. Don’t click this link.  If you do it will take you to a fake IRS claim form for you to fill out with all of your personal information. They want your social security number or the numbers of your family members, credit card numbers, address and/ or your bank account information.

    That gives a wealth of information to criminals. The scammers will use it for identiy theft or sell it on the black market. Don’t get so curious to click the link in these emails because you just may download malware onto your computer which will hunt for your personal information. “Curiousoty killed the cat”

    The IRS will not use emails to tell you about your refunds or rebates. If you are expecting a refund or rebate check out the IRS, Where’s My Refund Tool to locate your refund.  Report fake emails & phishing scams to phishing@irs.gov .

    • IRS Tax Forms 1-800-892-3676
    • IRS 24Hour/ 7 days Tax Info, Refund Status 1-800-829-4477
    • IRS Tax Help Line (Individuals)1-800-829-1040,(Business)1-800-829-4933
    • IRS Refund Hotline 1-800-829-1954
    • IRS Tax Fraud Violations 1-800-829-0433
    • National Taypayer Advocate 1-877-777-4778
    • Tax Exempt Government Entities 1-877-829-5500 

    Scam # 2. Rebate Phone Calls

    For many years there have been fake phone callers who impersonate IRS employees. They tell you that you can get your rebate early for filing your taxes early. The scammers will ask for your bank account information and if you refuse then they will deny your refund. That’s a lie so don’t fall for it.  The scammers will use current events in American Government to fool you. They are using the recently passed rebate legislation by Congress as a con.

    If you get one of these phone calls just hang up the phone and call the IRS for yourself to check it out.  Your real notification of a rebate will come in a letter from the IRS not an email.  Checks will start coming out in May.  If you want your money direct deposited you must include it in your tax return.

    Scam # 3. Check Verification Phone Calls

    A fake IRS employee calls consumers telling them that the IRS mailed them a check that you haven’t cashed and ask for your bank account information. The IRS will never call you about not cashing a check. The IRS doesn’t mind if you don’t cash it right away. To see what’s happening to your rebate check out the IRS, Where’s My Refund Tool.

    Lesson To Learn :

    The IRS communicates with taxpayers through the U.S. Postal mail. To report fake scams, fake phone calls and emails to phishing@IRS.gov .

    Scam # 4. Audit Emails

    Audit emails is a new scam which will threaten you or scare you into giving up your personal information. They tell you that your refund will not be granted to you because your tax refund is being audited. It also includes a link to a fake form for you to fill out.

    These emails will greet you by your name. They get this information from social networking sites and hacked computers to target their emails.

    The IRS does not send out unsolicited emails or phone calls.

    Clerical Business Solutions

    Renee-Virtual Assistant  Email: info@clericalsolutionsinc.net

    Web: http://www.clericalsolutionsinc.net   

     
    • 9/11 7:02 am on July 27, 2008 Permalink | Reply

      Man will occasionally stumble over the truth, but most of the time he will pick himself up and continue on.SirWinstonChurchillSir Winston Churchill, 1874-1965

    • 9/11 Truth 6:16 pm on July 27, 2008 Permalink | Reply

      Nine-tenths of wisdom is being wise in time.TheodoreRooseveltTheodore Roosevelt

  • Renee: CEO Coach & Management Specialist 4:11 pm on April 7, 2008 Permalink | Reply
    Tags: , , , , , birmingham business help, , careers, , , , , , , , , , environment, , , , , , , money, , , , , , organization, , outsourcing services, professionals, religion, research, , technology, , , , , world systems   

    Get A Wiki For Your Business Or Personal Needs 

    Professionals & businesses are using wikis in their everyday work. Who can use a Wiki ? Teachers, Educators, Entrepreneurs, Doctors, Journalists, Individuals, Photographers, Chef, Scientists, Computer Experts, CEO, Organizations, all kinds of professionals & businesses. The list goes on & on.

    What is a Wiki ? Wiki (wik’e): It’s a collaborative website workspace that one person or multiple people can edit together, share files, documents and collaborate.

    Here’s a sampling of some of the wiki resources and ideas,so you can start using a wiki for your business or personal needs.

    LEARN BY DOING:
    Sites that offer easy-to-use and (in some cases) free wiki tools
    PB Wiki http://www.pbwiki.com
    WetPaint http://www.wetpaint.com
    BackPack http://www.backpackit.com
    Wiki.com http://www.wiki.com

    Wiki “communities”:
    The folks behind Wikipedia are offering a new service to those who want to create a wiki-style resource on any topic
    Wikia http://www.wikia.com

    Wikis FOR THE “Enterprise”:
    These companies offer wiki-software solutions used in corporate environments for functions such as customer support or knowledge management systems
    Atlassian http://www.atlassian.com
    Customer Vision http://www.customervision.com
    iUpload http://www.iupload.com
    Social Text http://www.socialtext.com

     
  • Renee: CEO Coach & Management Specialist 10:58 pm on August 17, 2007 Permalink | Reply
    Tags: , , , , , executive, , money, , small businesses,   

    10 Reasons To Hire A Virtual Assistant 

    There are many reasons to hire a Virtual Assistant and many of them do a great job for your business or projects. But here are just a few/ a top-ten list of the many reasons to work with a Virtual Assistant. Once you begin to work with a Virtual Assistant (VA) you will find many MORE REASONS to continue working with a Virtual Assistant:

    TOP10LIST

    1. Flexible Virtual Assistant Services – Virtual Assistants are tax deductible. Most are available after normal working hours or when you need them.

    2. Virtual Assistants are committed to the services that they provide and they are a cost effective solution for everyone.

    3. Virtual Assistants work from their own offices, not in your home or office taking up space.

    4. You only pay for the hours that they work or the service that they provide.

    5. Your success is their success and they are a 100 % invested in your business or projects.

    6. Most Virtual Assistants can offer services on a short term, long term, temporary or emergency basis.

    7. A Virtual Assistant is not your employee, they are Administrative Professionals & Independent Business Owners who are very experienced in many areas of business.

    8. They pay for their own taxes, supplies, insurance and office space.

    9. You can delegate your office tasks to a V A to get you some free time.

    10. You have to pay expenses in hiring and training an employee or temp.

     
    • suntoni 12:25 am on October 14, 2007 Permalink | Reply

      Is a Virtual Assistant certified inanything, ifso, what?

      • Clerical Business Solutions 3:56 am on October 14, 2007 Permalink | Reply

        Suntoni,

        Virtual Assistants are ceritfied in many areas like bookeeping, business management, business consulting, accounting, web design, computers, computer applications, office management and more. The backgrounds of Virtual Assistants vary from one to another. Virtual Assistants are very diverse.

        Clerical Business Solutions
        Business Strategy Consulting & Virtual Assistant Service
        “Solutions Start Here!”
        Renee~Business Consultant & Virtual Assistant
        http://www.clericalsolutionsinc.net

    • altheatan 8:14 am on November 29, 2007 Permalink | Reply

      Hiring a virtual assistant is less expensive than hiring an employee. Moreover, there is also less hassle in dealing with a virtual assistant than an employee. They are less likely to complain with the salary, benefits and everything.

      • Clerical Business Solutions 8:33 am on November 29, 2007 Permalink | Reply

        Altheatan,

        That’s true, that Virtual Assistant services can be very inexpensive. Many solo-professionals have choosen to just to work with a professional Virtual Assistant than hiring an in-house assistant.

        I have a client of mine who did that very thing, opted to only work with a Virtual Assistant company. He chose to work with me to help keep his costs low and maintain his projects.

        Clerical Business Solutions
        Business Strategy Consulting & Virtual Assistant
        “Solutions Start Here!”
        Renee~Business Consultant & Virtual Assistant (VA)
        http://www.clericalsolutionsinc.net

    • ellathinks 9:14 am on October 2, 2008 Permalink | Reply

      Definitely! as a virtual assistant, everything you need, want, and asked for will be feed to you. whatever it is, a VA is what you’re looking for.

      • Clerical Business Solutions 8:00 am on October 3, 2008 Permalink | Reply

        Ellathinks,

        Many people have found that out just by working with a Virtual Assistant. A Virtual Assistant will be there for you when you need them unlike most employees.

        Clerical Business Solutions
        Business Management Co. & Virtual Assistant Services
        “Solutions Start Here!”
        Renee~Business Consultant & VA
        http://www.clericalsolutionsinc.net

    • virtual assistants 7:31 am on August 26, 2010 Permalink | Reply

      Great post.
      I agree with you.
      Really virtual assistants are inexpensive and are very useful to make money for any company. Most of virtual assistants provides service from home.
      Thanks for sharing…

      Regards,
      Virtual Assistants

    • Racho Alberto Jr L. 6:55 am on March 9, 2012 Permalink | Reply

      Virtual assistant is a big help of any business, I am working as Virtual assistant, we provide all the needs of our clients, we help them to expand there business with minimal cost.

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