Question about finance

Have you recently started your own home business, but aren’t sure how to handle the finances?  Are you nervous when it comes to business debt, budgeting for the future and balancing your gross/net figures?  Below are some helpful tips to guide you through some of the most difficult tasks of business finance. You can accurately and consistently manage your business finances without a lot of stress if you’ll implement the simple principles below.

Finance Starting Point

In order to manage your home business finances, you need a definite starting point.  This will be a summary of your entire financial assessment for your business. Note of Warning:  Often, a home business finance plan mingles with personal finances.  Try to keep these as separate as possible for tax purposes and to avoid confusion.  Even if you buy something personal with business money, write it down so you’ll be sure not to include it as a business expense.

Your Starting Point Assessment Should Include the Following:

*Most Current Gross Profits/Loss of the Business

*Most Current Net Profits/Loss of the Business (your bottom line)

*Cash on Hand

*Checking Account Balance

*Debts/Loans for the Business (include payments due and balances)

*Assets

*Advertising Funds

*Miscellaneous Items having to do with your business finances

Once you have an assessment of where you stand financially with your home business, you can move forward.  The assessment is not your budget, but it allows you to create a budget based on realistic figures.  Budgeting on a dream is not wise with a business.  You might reach your goals, but what if you don’t?  Set your goals, but only budget for those amounts when you’ve actually reached them.

Creating a Home Business Budget

Most home businesses have a tremendous advantage over larger businesses because operating expenses are normally much lower.  There’s no building rent to pay, additional utilities, etc.  If you stay at  your desk most of the day, you will save on gas, car maintenance, etc. For this reason, it’s usually easier to budget for a home business. Based on what your business has profited over recent months, or your start-up cash if your business is brand new, write down all of your business expenses that need to be paid for each month or year to get a monthly estimate. What about your salary?  The salary must be determined only after your expenses are paid.  If there’s any left, you’ll still want to keep extra cash in your business account for emergencies or unexpected slow times.  You should determine your salary on the low end at first while building your business and stick with your salary amount to maintain a steady budget. For example, if you’re able to take a $350 per week salary in a brand new home business, that’s great!  Many home business owners work a full time job while building their business and take very little (if any) salary. If you have a business checking account or some form of online account for finances, you should deposit all funds into this account and pay your salary out of the account as well as your expenses.  Checking accounts make budgeting a simple process if you keep your checkbook well balanced at all times.

Create a Budget Based on the Following Categories (more if necessary):

Some of these items will be broken down into weekly figures, some monthly and some yearly.  However, you should calculate a monthly average in order to create a general monthly budget.

*Business Expenses (include supplies, equipment, phone, etc.)

*Insurance (business and personal health insurance can be included)

*Taxes (estimated figure from your accountant based on profits)

*Debt Repayment for any business loans

*Advertising (amount will vary, but you can set a minimum or maximum amount)

*Your Salary

Once you have a list of expenses for each month, write down due dates for each, and pay bills as they come due.  Pay on time, but not too early. Your money can sit in your bank account and draw interest in many cases while waiting on due dates.

Budget with Slow Times in Mind

Just because you have tremendous profits one month, this doesn’t indicate that you can raise your salary.  Leave money in your account for those slow times.  Also, budget in advance for payments which are due yearly.  It’s much easier to save a little each month than to be surprised with a large bill later. Following the simple budgeting guide above will enable you to keep an even pace while managing your business finances.  Handle your finances with care because this is the lifeline of your home business.

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From the greatest moments in west wing history the wonderful few scenes where Bruno explains that you can lead the charge against loopholes in campaign finance law while still utilizing the benefits until the laws are changed. And to not do so is not only stupid, but it could cost you

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Question about finance

help?

Business finance is one of the most important aspects of running and maintaining a business. Finances dictate the success or failure of a business. If a business owner does not properly maintain their business finances then they will soon see problems arise. Business finance is something that every business owner must deal with and understand.

Part of business finance is setting up proper cash flow. A business owner needs to clearly define their accounts receivable and accounts payable. They need to maintain a steady and balanced cash flow at all times. This means they must never let your accounts payable exceed their accounts receivable in any given month.

A business owner must also carefully manage their debt. They should never let their debt get too high or out of control. They should maintain regular payment schedules to ensure they do not fall behind on repaying any debt.

Keeping clear and concise records is extremely important to keeping business finance under control. A business owner should either hire a professional or use some type of bookkeeping computer software to maintain accounting records.

It is important for a business owner to maintain a business budget, much like they would for their household. This will help them ensure they are keeping track of all the money coming in and going out of the business. This is a good method to avoid getting too much debt.

Proper record keeping can also help out should the business owner need to get a loan. Lenders prefer to have records to refer to when making a decision on a loan, especially for a business. Businesses are seen as risky because they can easily fail. Lenders like to see proof that they business is doing well or at least a forecast that shows significant proof the business will do well. This is what good record keeping does.

Business finance is something many people do not think too much about when starting a business. This is why so many businesses fail. When a business is just starting up lenders like to see a good business plan in place, including a financial plan. This shows the business owner is really understanding all that is involved with taking a business successful.

Every business owner should have their business finances in mind at all times. Money is the biggest indicator of success in business, so it makes sense for that to be one of the top priorities of a business owner. For proper business finance a business owner should maintain records for all of the money going in and coming out of the business. They should track all debts and money owed to the business, as well. By practicing good business finance, a business owner is going to be one step closer to ensuring their business succeeds.

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Alex talks with regular guest Bob Chapman, the former stockbroker and editor of The International Forecaster, a twice weekly compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10000 investors and brokers monthly and is picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week. Since 1967, Mr. Chapman has written articles on business, finance, economics and politics. He owned and wrote the Gary Allen Report, which had 30000 subscribers. theinternationalforecaster.com prisonplanet.tv .

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Question about finance

I would like to know what the difference is in careers in Finance and Accounting. Has anyone had a career in either field? What I want to know is:

What did you think of your career?

What did you do all day in Finance or Accounting?

Did you find it exciting or really boring?

For a career as a Financial Planner or Financial Advisor, do you work off of commision only?

Any information would be very helpful. Thanks.

China Shoe Holdings Inc announced that it has completed a US $550K private placement of its restricted common stock.

On January 30 2008, the Company completed its first round of private equity financing since going public (commonly referred to as a “PIPE” transaction), and obtained investment funds from YU Guorui in the aggregate sum of US $550,000 for the purchase of 4,230,769 shares of the Company’s restricted common stock. This represents a purchase price of $0.13 per share.

China Shoe management is pleased to point out that the PIPE financing terms negotiated are fairly priced, and are a simple stock purchase agreement with no convertible features, warrants, stock options or any type of preferred securitization.

All common stock sold in this financing will bear a restrictive legend reflecting the need for a Securities Act registration or an exemption such as Rule 144, for resale.

Because there is no convertible security being issued, the Company will not be subject to any “death spiral” or other dilutive terms in this straight-forward restricted stock purchase agreement

The completion of financing will accelerate the execution of China Shoe’s retail strategy and the Company now targets to have, in full operation, up to twenty self-owned stores and numerous licensed stores promoting China Shoe’s own brand of Kangies footwear by July 2008.

“This PIPE financing allows the company to invest additional capital to fuel the growth of our retail strategy while maintaining the strong growth on the manufacturing side”, said Gu XianZhong, Chairman and CEO of China Shoe Holdings.

“Additionally, we are very pleased to have YU Guorui as our investor as she has had extensive experience in the retail business as well as established business networks in the region, which are definitely tremendous strategic assets for the company.”

China Shoe Holdings Inc announced that it has completed a US $550K private placement of its restricted common stock.

On January 30 2008, the Company completed its first round of private equity financing since going public (commonly referred to as a “PIPE” transaction), and obtained investment funds from YU Guorui in the aggregate sum of US $550,000 for the purchase of 4,230,769 shares of the Company’s restricted common stock. This represents a purchase price of $0.13 per share.

China Shoe management is pleased to point out that the PIPE financing terms negotiated are fairly priced, and are a simple stock purchase agreement with no convertible features, warrants, stock options or any type of preferred securitization.

All common stock sold in this financing will bear a restrictive legend reflecting the need for a Securities Act registration or an exemption such as Rule 144, for resale.

Because there is no convertible security being issued, the Company will not be subject to any “death spiral” or other dilutive terms in this straight-forward restricted stock purchase agreement

The completion of financing will accelerate the execution of China Shoe’s retail strategy and the Company now targets to have, in full operation, up to twenty self-owned stores and numerous licensed stores promoting China Shoe’s own brand of Kangies footwear by July 2008.

“This PIPE financing allows the company to invest additional capital to fuel the growth of our retail strategy while maintaining the strong growth on the manufacturing side”, said Gu XianZhong, Chairman and CEO of China Shoe Holdings.

“Additionally, we are very pleased to have YU Guorui as our investor as she has had extensive experience in the retail business as well as established business networks in the region, which are definitely tremendous strategic assets for the company.

for more information please visit www.ishoesclub.com

 

 

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