Black Swan Management, LLC

Investments and Strategies for the Future of Business

Posts Tagged small business

Small Business Owners, Investors, and Entrepreneurs–Don’t wait for Washington!

Feb 1

Posted by admin in business, business startup, internet business, investing, mitigating risk, real estate, Uncategorized | No Comments

Don’t wait for Washington!

The future of health reform legislation is increasingly unclear. While the debate continues, you need to TAKE ACTION to protect your health and financial future by finding new coverage today. Benefit from partnering with the nation’s leading online source of health insurance for individuals, families, and small businesses. eHealthInsurance (NASDAQ: EHTH) has established relationships with over 160 health insurance carriers and offers more than 7,000 health insurance products online. eHealthInsurance is the ONLY site that allows a consumer to view quotes, compare plans side-by-side and apply for health insurance – all online with their eSign technology – greatly reducing the time to wait for a response from a carrier. Through the company’s website, http://www.eHealthInsurance.com , consumers can get quotes from leading health insurance carriers, compare plans side by side, and apply for and purchase health insurance. eHealthInsurance offers thousands of health plans underwritten by more than 180 of the nation’s leading health insurance companies. eHealthInsurance is an online marketplace licensed to sell health insurance in all 50 states and the District of Columbia, making it an excellent model for successful, high-functioning health insurance exchange

Did you know that:

1) Health care is more expensive when you’re uninsured

Uninsured people are charged full price for medical services and don’t receive the discounts negotiated by the insurance carriers.

2) Emergency Rooms aren’t a good fallback plan

If you’re uninsured, an E.R. must treat your immediate needs (for a cost). However, you may find it difficult to obtain subsequent treatment such as surgery and physical therapy.*

3) Medical bills are a leading cause of personal bankruptcy

Over 60% of personal bankruptcies in the United States are related to overwhelming medical bills. A good health insurance plan can help limit your exposure to the crippling medical costs that can come from an unexpected injury or illness.**

4) It can cost less than you think

Upon taking a closer look at health insurance prices, many people may learn that it costs MUCH less than they thought. For example, in many parts of the country, coverage for people under 30 can cost less than $3.00 a day.***

5) You can cancel anytime

There is no annual commitment, so you are free to find a different plan at any time.****

In fact, eHealthInsurance offers:

*Access to thousands of health insurance plans from leading companies nationwide

*Free instant quotes, comparison tools and online applications

*The ability to search plans by doctors across insurance companies

*Unbiased, professional advice from licensed agents

If you’re a small business owner, check out the Small Business Group Plans. If you’ve never heard of eHealthInsurance, by all means, do your homework. What you’ll probably discover is that:

*Kiplinger named eHealthInsurance.com the best website for health insurance quotes in the December 2009 issue of Kiplinger’s Personal Finance magazine.

*eHealthInsurance was named to the Best List in the same category in 2007 and 2008.

*eHealthInsurance offers the largest selection of health plans. Compare & Apply Online, Free instant quotes, Best prices, and Live help!

Get a FREE quote TODAY!

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*http://www.cms.hhs.gov/emtala/
**http://www.amjmed.com/article/S0002-9343(09)00404-5/fulltext
***Based on a survey of the most affordable health insurance options available as quoted on ehealthinsurance.com on 01/11/10 for non-smoking 25-year-old males and females in the following states: AZ, CA, FL, GA, IL, IN, MI, MO, NC, OH, PA, TX, VA, WA. Does not apply to residents of New York, NY and Trenton, NJ.
****Subject to the terms and conditions of the plan’s cancellation policy.

About the Author

Anthony Sills, M.B.A. formerly traded FOREX from the Atlanta Financial Center and has worked for stock advisory services, brokerages, Fortune 100 companies, and national banks. Mr. Sills is currently a licensed loan officer and freelance writer. You can reach him at anthony@professionalpenwriters.com. Mr. Sills has been published in various trade journals and newsletters, writes regularly for BestGolfWebsite.com and BetterCredit101.com, and is a ghostwriter for several small business owners and professionals. You can reach him at anthony@professionalpenwriters.com

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The Cycle of Wealth Building

Dec 30

Posted by Natalie Aranda in business, wealth | No Comments

There are foundational principles that rule the cycle of wealth building whether you build your wealth on stock market, home loans, or any other type of real estate investment. Many who are new to wealth building are often not aware of, or not disciplined to follow the principles for building wealth. The formula for building wealth is straight forward 1) make more, 2) spend less, 3) start early and 4) manage the risks. The cycle of wealth building consists of phases of goal setting, planning and execution.

1) Define the goals of your wealth building both short term and long term.

Goal setting begins with the questions of where do you want to be financially 5 years from now, 20 years from now and by the time of your retirement. For instance, you plan to own a half million dollar house in 5 years. You would like to accumulate net wealth of one million dollars in 20 years. And you want secure two million dollars in your bank account when you retire. The goal of wealth building should be challenging enough yet realistic. If they are set too low, you wont be motivated to work harder. Youll be totally frustrated if the goals are unreachable. Studying books for personal financing and attending wealth building seminars will help you to get it right at the beginning.

2) Develop a plan that help achieve the goals youve set

We wont know exactly whether the goals of the wealth building are set too low or too high unless they are justified by a plan. Many investors may think one million dollar net wealth is unthinkable. In fact, if you invest $500 a month and that invest generates 11% annual return, youll be a millionaire in 30 years. 11% annual return is what S&P 500 index has realized in past 30 years. To achieve your one million dollar goal, you dont even have to make the choice between eating well and sleeping well.

3) Follow your plan and work hard

There are two common causes of failures in wealth building 1) not committed to the plan to work hard enough, and 2) not disciplined to follow the plan and rules even they work extremely harder. Even well-known investment gurus are often distracted to believe the possibility of get-rich-quick when financial market experiences drastic up-and-down swing.

Once youve completed the cycle of wealth building, the next cycle of wealth building begins. Returns on investment contribute to building your wealth but not if you forget about high interest rate on debts. Taking a wealth building seminar you can discover how maintaining a realistic and positive attitude is worth more than crying about a loss.
Wealth building can begin with a raise at work or your first income after an investment.

Genuine wealth building is made up of learning which comes from a wealth building seminar or personal experience, enhanced with the input and feedback of those who are already building their own wealth. In this cycle, cash is the king so get ready for developing enough liquid resources and never invest if you are afraid to lose because you will be propitiating your luck.

Author: Natalie Aranda
Article Source: EzineArticles.com
Provided by: Electric Pressure Cooker

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Four Principles of Wealth Building

Dec 29

Posted by Natalie Aranda in business, wealth | No Comments

The strategies to build wealth are different to an array of people. For some, real estate investments provide a steady stream of cash inflows and tax advantages. To others, stock market index funds grow their nest eggs at more than 10% a year for 20 years or more. Wealth also means many different things to different investors. For some, it means putting every one of their children through college. To others, wealth simply means fancy cars, huge mansions, and the ability to relax all day. Despite what you think wealth means and what strategies you use to build wealth therere really four principles of wealth building: 1) make more, 2) spend less, 3) start early and 4) manage risks.

Make More

The first and utmost important thing for wealth building is that you have to have a big enough nest egg to grow your money no matter what strategies you use – real estate investing or stock market investment. Therere basically two ways to make more money by working (not investing) – from your regular 9-5 job and from a secondary supplemental income. Besides education and working experience, the industry youre sets the range on how much youll make from the job. People fresh out of the college with a computer science degree will likely start at $50,000 a year, which may take 5-10 years to reach that earning power in other industry. If you work for love (you really love your job) not for money, youll need the skills that you can earn good money out of your work.

Spend Less

Unless you have a budget and control your spending, you wont be able to build wealth. Too often those who make a million a year end up with another million in debt cause he spend two millions a year. Those who make only $50,000 a year could end up with $10,000 richer if he spend only $40,000 a year.

Start Early

The power of compound interest is amazing. If your ancestors had put one dollar away for you 200 hundred years ago and that one dollar has earned 10% every year since then, the net worth of that one dollar is $190,000,000 today – an astonishing $190 million dollars. If you had invested $300 a month in S&P 500 index for past 30 years, the net value of your total investment will make you a millionaire today. The S&P 500 index represents over 70% of the value of the U.S. equity market. The annualized return of S&P 500 index is about 11.16% in past 30 years. If the investment period was only 20 years (not 30 years), your net worth is about one third of a million.

Manage Risks

Years of saving could be wiped out by one single unfortunate event in life if you hadnt had proper health insurance, property insurance and life insurance.

If you are unsure of where to start and feel like you just arent cut out for wealth building, there are programs that will instruct you further. Wealth building seminars coach people how to earn more, save their money and live on a budget. What youll get out of those respected seminars are far more the strategies and the techniques they teach, youll often meet people wholl share the experience and make new friends who have the similar goals. Youll be encouraged and inspired.

Author: Natalie Aranda
Article Source: EzineArticles.com
Provided by: Digital Camera Times

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6 Important tips for Small Business Networking

Dec 28

Posted by admin in business | No Comments

Business Networking is one of the most effective and affordable way for small business owners to get exposure, generate more sales and to increase their targeted customer base. In addition to that Business networking also provides you with great opportunities to meet big players of your industry and to learn from them, to find potential partner for your new ventures and to learn about the new ideas and trends in the market.  This article would cover the tips that would help you to increase your networking skills and to create a profitable network for your small business.

Be Genuine: – Networking is all about Trust, building relationships and helping others. So make sure you always remain genuine and honest when you meet others. Be real when you are speaking to other persons. Nobody likes an avid networker who rushes from one person to another in a networking Event. While talking to other people, the other person should not feel that you are trying to sell your product to him. Try to keep your conversation casual and interesting.

Set your Objective: – Define your goals which you would like to achieve by business networking. Whether your goal is learning about new Trends, Finding potential partners or anything else? Setting an objective would help you to pick the correct groups and events which are suitable for your purpose.

Do Your Homework: – Each networking event has its own agenda so you should have some information about it. If possible you can also do a research of Background information about speakers in the event and how you can interact with them. Also you should rehearse your personal introduction which you would be using in events.

Business Cards: – Business cards are still a great way to develop relationships when it comes to offline marketing. Your Business Cards should look professional so that they put a great impression on others. Use proper business card etiquette while giving your business cards. Don’t give your business card to everyone you meet. You should give business cards whenever somebody shows even a slight interest in about your services. Always ask for a business card, when you give a business card.

Be Generous: – Always try to be generous by helping others in such networking events. Networking is just a kind give and take relationship. You can’t expect to get any benefit from a network without making any contribution to it which can give benefit to other members of network. Always try to become a good helpful resource for others.

Do follow up: – Make sure that you always keep in touch and do follow up meetings with the people you meet in such networking events and whom you think could be good for your business. Invite your new contacts for a lunch or coffee where you can tell them more about your products and services or to discuss how you can help each other in business.

Keeping Track – You don’t want to be in situation where you are trying to meet a person who had already said No to you. So it is always safe to keep record of all the persons whom you met already and conversations you had with them. This record would always help you to refresh your memory whenever you are going to attend any new networking event.

Business Networking is a great way to quickly grow your business and customer base in a good way. Not only it helps you to increase your sales but it always helps you to meet different kinds of people and to learn new things not only which helps you in your business but would also help you in your life. If you know about more networking tips which are not included in article then please feel free to share it in your comments.

Gagandeep Singh is working as internet Marketing Executive for Fortepromo which create high quality Promotional Products that help companies to promote their brands.

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7 Facts of Wealth Building

Dec 28

Posted by Vikash Kumar in business, wealth | No Comments

Are you willing build wealth? Then you need to go through these great facts of wealth building. These ideas are practical and easy to understand and implement.

These facts are as follows:

  • Be wise about your marriage

As you may be aware that number one reason of divorces are financial troubles. And marriage with a wrong person can give you decades of frustration. It is always advisable that you should take every due care while choosing your life partner. As in case of any financial trouble, he or she can understand you and even help to overcome from that situation.

Before marriage, your first goal should be to become financially independent with no or little debt. If you fulfill this goal then your chances of building massive wealth are good.

  • Remove the word “Debt” from your life.

Prioritize your debts in terms of amount and interest rates. And build a plan to remove them from your life. Just imagine your life without debt. Instead of debt you have your investments are in place according to your wealth building aspirations. Debts are like disease and it will be better not to have any disease with you.

  • Do not follow your parents if they are not wealthy

If your parents are not wealthy even after you are adult then it is quite possible that they know very little or no about money. So, do not follow your parents in terms of financial knowledge and perception is concerned. Read books from authors, who in your knowledge are good and increase your financial vocabulary. And try to widen your horizons and knowledge about money.

  • Look what successful people are doing

If you are doing a job then look for the highest paid employee in your company and try to see what they are doing in terms of money and man handling. Just try to imitate them. If you can imitate them even by 5%.You will be among the top employees in your current category. And that will change your entire image in your organization resulting high pay and promotions.

This example is true even when you are in business.

  • Understand money

Understand one very true fact that money is just a piece of paper. You just need to stay away from it, if you are trying to acquire wealth and happiness. Just save money, give your money various task to do it for you and money will obey you as well as multiply itself. The only mantra is to give your money time to stay with you, work for you and it is going to increase. And the rate of that increase is directly related to the time you have given.

  • Do something you love to work

Wealth is not only associated with money only. It also depends on the happiness you have in your life with that money you have. So, do what you love and the wealth will follow you. This is needless to say that if you do not like what you are doing then you are not going to be an expert in doing that job. And the success mantra of wealth building is to become expert in whatever you are doing. So, do something what you love to work.

  • Your advantage is your ideas and not your labor

In this new arena of Internet and globalization you do not need to be very hard working. However, you need to be innovative and smart in whatever you are doing. Yes, at start you may need to do even hard work to get the ball start rolling but after that, you just need to be innovative to be ahead of your competition. Which is the one of the wealth building mantra of this new world.

Author: Vikash Kumar
Article Source: EzineArticles.com
Provided by: Programmable Pressure Cooker

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The Fundamental Principles of Wealth Building

Dec 26

Posted by Natalie Aranda in business, wealth | No Comments

Everyone wants to be wealthy. Having a nest egg built up and no debt can provide you with a lot of things that you desire, but most importantly it can provide you with security. You wont have to worry about how you are going to pay off your credit cards or whether you can afford to send your children to college. You will have the ability to do the things you want when you want to do them. Wealth building is something everyone should be concerned with, but most people have no idea how to even start.

There are three main fundamentals of wealth building: Budgeting, Saving/Investing and Debt Reduction.

Budgeting is essential in wealth building because in order to be able to reduce your debt or invest, you need to have money left over at the end of the month. Having a budget that you can stick to will give you the ability to save money more quickly. If you know where your money is going, you can find ways to cut your expenses. In order to create a budget, youll want to take an honest inventory of the money that is coming into your household and the money that is leaving. The best way to do this is to spend several weeks tracking every cent that is spent. Once you know what you spend money on, take a close look to see what you can cut out of your budget. You might be surprised at how much you spend on eating out or your cable bill. You dont need to cut out everything that you find enjoyable, but rather find a few things you can reduce or eliminate.

Once you have some extra money, you will then want to plan where your money should go. Some of your money should go into a savings plan that yields interest and some of your money should be invested. There is no one set way to save and invest. Each person will have a different financial plan because each person has a different set of circumstances and different goals. How much risk you are willing to take will also play a part in which investments you choose.

The last fundamental of wealth building is regarding debt. You want to eliminate as much debt as possible and avoid creating new debt. By having an emergency fund set aside, you can turn to it in times of crisis rather than charging things on a credit card. If you do need to take out a loan, it should be done with careful consideration and you should make sure that whatever you buy is something that you truly need.

Of course, this is just the basics of wealth building. In order to really create a plan tailored to your situation, you need to educate yourself further. One great way is through wealth building seminars. A wealth building seminar will build upon these fundamentals and help you achieve your financial goals.

Author: Natalie Aranda
Article Source: EzineArticles.com
Provided by: Digital TV, HDTV, Satellite TV

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