Business and Financial

Business and Financial -

Tips to get you started with your own car service shop

So you are startinga car service shop yet don’t know what to do? It is possible that you have affection for cars or simply like to work with your hands. In any case, turning out to be a part of the $130 billion a year industry isn’t as simple as purchasing a few tools and […]

Step 1 to Pre-Foreclosure Success by Tim Mai

Step 1: Organizing Your Office

Setting up and organizing an office used to be an expensive affair. Thats no longer true thanks to todays technology. For a minimum investment, you can now set up a highly efficient and effective work environment. Heres a list of the basic equipment you need to get started:

* A computer-These days, computers are a bargain. You can buy one cheaply. However, it pays to get the latest model since the computer world is forever changing and improving itself. Id recommend that you buy one that has a minimum of 1 megabyte of memory and will allow expansion for more memory. This is important because new software applications get larger all the time and become memory hogs, which can slow down the computer While this may not be so important at the beginning of your career, itll become so as you become more successful and the complexity of your investments increases.

* A good office software suite-youll need software that includes word processing, accounting software, computer slide generation, etc. Microsoft Office is the most common suite, but there are other, cheaper applications available (WordPerfect Office, etc.). Often, the application comes with the computer you buy so make sure the office suite comes with the features you need. Eventually, if you move into other, more complex areas of real estate (multi-unit dwellings, commercial real estate, etc.), youll want to buy software thats designed specifically for the real estate market.

* A high speed Internet connection-whether its a DSL (direct subscriber link) or cable connection, access to the Internet is absolutely vital these days. The Internet is a great source for research and information on all real estate topics. Definitely do not use a dial-up connection! Although such connections are cheap, theyre maddeningly slow and tie up your phone line. Both you and your clients will end up frustrated at the inability to communicate quickly and effectively. In short, a high-speed Internet connection can win you business; a dial-up connection can lose it.

* A good laser or inkjet computer. Printers are dirt-cheap these days. The manufacturers make a greater profit from supplying the ink cartridges, so it pays to get a printer thats economical with the ink. It also pays to buy a printer that produces high-quality letters and images. This contributes to your image as a serious and professional investor. While image is not quite as important in the pre-foreclosure market, it will definitely be a vital factor once you move into other areas of real estate. Banks, mortgage brokers, title companies, etc.-they all expect to see a polished and professional image in the people they deal with.

* A reliable cell phone-as you probably already know, this is one of the most important tools you can have as an investor. A cell phone allows you to be in contact with buyers and other individuals quickly and easily. Basically, its an information-gathering device that helps you identify deals and set them into motion. So, its important that your service be of high quality and not subject to a lot of dropped calls. Check out the service records of the cell phone providers in your area and go with the one that has the best record of reliability at a fair price.

Those are the basics then, but we need to cover one more subject thats vitally important to your success-accounting and record-keeping.
Accounting and Record-Keeping

Real estate is governed by many local, state, and federal regulations. That means its vital for you to keep good records. As you start out, you may not need anything more than pad of paper and a pencil. However, once success arrives, youll definitely need computerized records and an accounting application. They not only help you keep your records straight, but make the whole process faster and easier. Theyre well worth the investment! Below is a list of items you should definitely make use of in maintaining your records:

* Accounting software-If you decide to move beyond pre-foreclosures, youll definitely need to add a spreadsheet program (Excel, Quicken, QuickBooks, etc.) for all basic accounting requirements.

And if you decide to eventually move into property management, then youll need to add software designed specifically for such properties as apartment buildings, commercial properties etc. This software should include the following:

* A complete accounting package (general ledger, accounts receivable/accounts payable along with check writing, budgeting and financial reporting capabilities). Ability to track work orders and reminders, prints late notices, leases, checks, 1099s, etc.

* Tenant and lease management capabilities (including rental management forms). Pop-up reminders to remind you of late rent, expiring leases, etc. categorized by building, unit, owner or tenant.

* Capabilities to organize tenants, contractors, etc.

* Templates for letters and forms, etc.

You can use the Google search engine on the Internet to study and evaluate property management software. To help you out, Ive listed several software package names and their URLs in alphabetical order. I dont recommend a particular package. I simply recommend that you try them out and see which one works best for you and is relatively easy to understand.

* MRI Residential (http://www.realestate.intuit.com/)
* RentRight (http://www.rent-right.com/)
* Spectra (http://www.spectraesolutions.com/)
* Tenant File (http://www.tenantfile.com/)
* TenantPro (http://www.propertyautomation.com/)

You should be able to customize any of these programs to fit your specific needs.

* A separate checking account-Definitely keep your real estate financial transactions separate from your personal checking account! This is extremely important because you dont want to invite a visit from the Internal Revenue Service (IRS). If you dont keep a separate account, the IRS will be very suspicious of any claims for expenses, losses, and depreciation you put on your federal tax return. It may not consider you a legitimate business, and, if youre audited, you may have a devil of a time proving expenses if your records are mixed in with your personal checking account. Also, its wise to have a credit card in the name of your business and charge all business expenses to this account. This also keeps business records separate from personal accounts.

* Expense records-Document every expense you have and keep organized records. Expenses can include bank statements, cancelled checks, tax returns, invoices, etc. In short, always have proof available in case the IRS challenges items on your tax return.

* Mileage records-Its essential to keep business-related travel expenses well-documented. This is because the IRS has a requirement that tax payers maintain records of business-related mileage in order to claim that mileage as a business expense on tax returns. As of 2007, the standard mileage rate that can be deduced from federal taxes for the cost of operating a vehicle is 48.5 cents per mile for all business miles driven.

* Depreciation-Depreciation accounts for the fact that most assets lose their value over time and must eventually be replaced. You definitely want to take advantage of IRS rules to make sure you earn the highest profit possible. So, on your tax returns, claim the maximum depreciation allowed on such items as office equipment, software programs, cell phones, etc.

* Storage-Store all documents in an organized fashion so theyre easy to find and access. You dont want to waste valuable time trying to locate items when you could be out finding more business. Use an organization method that works best for you (three-ring binders, tabbed folders, etc.). Photocopies of documents are fine for your office, but you may want to store originals in a safe deposit box at your local bank. However remote, theres always the possibility of fire or water damage destroying originals, and, if that happens, you could spend a lot of time and trouble proving ownership of property and other items.

* Hire a professional for tax returns-Choose a board-certified tax attorney or CPA to prepare your taxes. This is a must. You may be tempted to use an off-the-shelf product (TurboTax, etc.), but I advise against it for the simple reason that these products cant represent you before the IRS! Also, an experienced professional will have knowledge that a tax program couldnt possibly possess. He or she will be well aware of all the intricacies of federal tax law and will be able to use them for your maximum benefit.

* Hire independent contractors-At the beginning of your career, you dont need the hassle of maintaining employee records (wages, social security, etc.) and dealing with a myriad of state and federal government agencies (OSHA, the Department of Labor, etc.). As your business grows, you may find it necessary to hire part-time and/or full-time employees. However, in the beginning, its much less trouble to hire independent contractors.

Step 1: Organizing Your Office

Setting up and organizing an part used to be an expensive affair. Thats no longer true thanks to todays technology. For a minimum investment, you can now set up a highly efficient and effectual work environment. Heres a list of the basic equipment you need to get started:

* A computer-These days, computers are a bargain. You can buy one cheaply. However, it pays to get the up-to-date model since the estimator world is eternally changing and improving itself. Id recommend that you buy one that has a minimum of 1 megabyte of memory and will allow expansion for more memory. This is important because new software applications get larger all the time and turn memory hogs, which can slow down the figurer While this may not be so authoritative at the beginning of your career, itll suit so as you go more successful and the complexity of your investments increases.

* A good part software suite-youll need software that includes word processing, accounting software, calculator slide generation, etc. Microsoft Office is the most common suite, but there are other, cheaper applications available (WordPerfect Office, etc.). Often, the application comes with the computing machine you buy so make sure the office suite comes with the features you need. Eventually, if you move into other, more complex areas of real estate (multi-unit dwellings, commercial real estate, etc.), youll want to buy software thats configured specifically for the real landed estate market.

* A high speed Internet connection-whether its a DSL (direct subscriber link) or cable connection, access to the Internet is absolutely vital these days. The Internet is a great source for enquiry and entropy on all real estate topics. Emphatically do not use a dial-up connection! Although such connections are cheap, theyre maddeningly slow and tie up your phone line. Both you and your clients will end up discomfited at the inability to intercommunicate quickly and effectively. In short, a high-speed Internet connection can win you business; a dial-up connection can lose it.

* A good laser or inkjet computer. Printers are dirt-cheap these days. The manufacturers make a greater profit from provision the ink cartridges, so it pays to get a printer thats sparing with the ink. It also pays to buy a printer that produces high-quality letters and images. This contributes to your image as a serious and master investor. While image is not quite as important in the pre-foreclosure market, it will definitely be a vital factor once you move into other areas of real estate. Banks, mortgage brokers, title companies, etc.-they all expect to see a polished and professional person image in the shack they deal with.

* A reliable cell phone-as you in all probability already know, this is one of the most authoritative tools you can have as an investor. A cell phone allows you to be in contact with buyers and other individuals quickly and easily. Basically, its an information-gathering device that helps you identify deals and set them into motion. So, its crucial that your service be of high lineament and not subject to a lot of dropped calls. Check out the military service records of the cell phone providers in your area and go with the one that has the best record of reliability at a fair price.

Those are the basics then, but we need to cover one more subject thats vitally of import to your success-accounting and record-keeping.
Accounting and Record-Keeping

Real land is governed by many local, state, and federal regulations. That means its vital for you to keep good records. As you start out, you may not need anything more than pad of paper and a pencil. However, once success arrives, youll definitely need computerized records and an accountancy application. They not only help you keep your records straight, but make the whole mental process faster and easier. Theyre well worth the investment! Below is a list of items you should decidedly make use of in maintaining your records:

* Accounting software-If you decide to move beyond pre-foreclosures, youll unquestionably need to add a spreadsheet plan (Excel, Quicken, QuickBooks, etc.) for all basic accounting requirements.

And if you adjudicate to eventually move into property management, then youll need to add software intentional specifically for such properties as apartment buildings, commercial properties etc. This software should include the following:

* A complete account statement box (general ledger, accounts receivable/accounts payable along with check writing, budgeting and fiscal coverage capabilities). Power to track work orders and reminders, prints late notices, leases, checks, 1099s, etc.

* Tenant and lease direction capabilities (including rental management forms). Pop-up reminders to cue you of late rent, expiring leases, etc. Categorized by building, unit, owner or tenant.

* Capabilities to unionise tenants, contractors, etc.

* Templates for letters and forms, etc.

You can use the Google search railway locomotive on the Internet to study and evaluate property management software. To help you out, Ive listed several software package names and their URLs in alphabetic order. I dont commend a particular package. I simply recommend that you try them out and see which one works best for you and is relatively easy to understand.

* MRI residential (http://www.realestate.intuit.com/)
* RentRight (http://www.rent-right.com/)
* Spectra (http://www.spectraesolutions.com/)
* Tenant File (http://www.tenantfile.com/)
* TenantPro (http://www.propertyautomation.com/)

You should be able to customize any of these programs to fit your specific needs.

* A single(a) checking account-Definitely keep your real estate financial proceedings apart from your personal checking account! This is extremely authoritative because you dont want to receive a visit from the intragroup tax revenue Service (IRS). If you dont keep a come apart account, the IRS will be very wary of any claims for expenses, losses, and derogation you put on your federal tax return. It may not believe you a legitimate business, and, if youre audited, you may have a devil of a time proving expenses if your records are mixed in with your personal checking account. Also, its wise to have a credit card in the name of your business enterprise and charge all stage business expenses to this account. This also keeps business records separate from personal accounts.

* Expense records-Document every expense you have and keep organized records. Expenses can include bank statements, cancelled checks, tax returns, invoices, etc. In short, always have proof available in case the IRS challenges items on your tax return.

* milage records-Its substantive to keep business-related travel expenses well-documented. This is because the IRS has a requisite that tax payers keep up records of business-related mileage in order to claim that mileage as a business expense on tax returns. As of 2007, the standard mileage rate that can be deduced from federal official taxes for the cost of operating a vehicle is 48.5 cents per mile for all business miles driven.

* Depreciation-Depreciation accounts for the fact that most assets lose their value over time and must finally be replaced. You definitely want to take reward of IRS rules to make sure you earn the highest profit possible. So, on your tax returns, claim the uttermost wear and tear allowed on such items as office equipment, software programs, cell phones, etc.

* Storage-Store all documents in an organized fashion so theyre easy to find and access. You dont want to waste of value time nerve-racking to locate items when you could be out determination more business. Use an organization method that works best for you (three-ring binders, tabbed folders, etc.). Photocopies of documents are fine for your office, but you may want to store originals in a safe depository box at your local bank. How remote, theres always the possibility of fire or water hurt destroying originals, and, if that happens, you could spend a lot of time and put out proving ownership of property and other items.

* Hire a professional for tax returns-Choose a board-certified tax attorney or CPA to prepare your taxes. This is a must. You may be tempted to use an off-the-shelf product (TurboTax, etc.), but I notify against it for the simple grounds that these products cant represent you before the IRS! Also, an experienced professional person will have knowledge that a tax computer programme couldnt mayhap possess. He or she will be well aware of all the intricacies of Federal tax law and will be able to use them for your maximum benefit.

* Hire main(a) contractors-At the starting time of your career, you dont need the hassle of maintaining employee records (wages, mixer security, etc.) and dealing with a myriad of state and federal governing agencies (OSHA, the Department of Labor, etc.). As your business grows, you may find it necessary to hire part-time and/or full-time employees. However, in the beginning, its much less incommode to hire freelance contractors.

A Construction Equipment Leasing Aproval

Applying for equipment lease is not very difficult task to do. But some business have these hindrances along the way by failing to do necessary preparations on leasing equipment.

Here are some tips on how you can get approved for a construction equipment leasing more quickly:

Check your credit standing. Poor credit status can get in the way of getting your construction equipment lease. Even before you apply for an equipment lease, see to it that you don’t have any problems on your credit history, especially on your business accounts. See to it that you have made all your payments too all your creditors. In addition, keep all your invoices or receipts of your payments for future references. With a great credit history, this will surely speed up the approval of your lease.

Prepare necessary documentations. Prepare the necessary documentations to avoid delaying your approval. You can prepare a document that contains complete information about your business, such as a brief history, the nature of the business, the industry where your company belongs, its current standing in market, your projections for the business, and other important details. Also, prepare in advance a list of all the equipment you wish to include in your construction equipment lease as well as the leasing terms that you expect as a lessee.

Include your business’s copy of tax returns and financial statements. If you’re applying for construction equipment financing that amounts to more than $75,000, make sure you have already prepared financial statements. Leasing companies would appreciate it if a business can present its financial standing for at least the past three years of operations.

Include References It is recommended to provide at least three references with your leasing application to support your credibility as a business. Possible references can be your past or present lender, vendors, or other creditors you’ve done business with. Just make sure that you have a good history with these creditors and that you did not have any conflicts with them.

Include professional partnerships. Always include in your report the business sponsors like venture capitalist or other independent. If your business enjoys the sponsorship of reputable investors, naturally it adds to your credibility as well. Leasing companies love to provide service for promising businesses in the industry.

Be considerate on several leasing companies. By getting quotes at least three different leasing companies you can now compare rates and terms. Since leasing companies have their own specializations, it would be better to consider leasing companies that especially caters to your line of business. Always remember to compare prices but don’t forget the terms and conditions of the lease.

Arrange for ACH debiting payment system. This payment system is a coordination between you, your leasing firm, and your bank. This way, your bank can automatically send your lease payments on specific dates straight to your leasing firm. This arrangement is ideal for leases with monthly installments since it prevents delays or skips on your payments.

How To Open A Business Bank Account

When opening a business account with a bank there is a large amount of documentation that is essential in order for the account to be opened. Naturally you must give the bank a clear idea of what the business is, and what it intends to do. Additionally most bank managers will want to see details of where the start up finances came from; whether it is your personal capital, or funding from a group of investors. The reason these are needed by the bank is because in order to support your business, they need information on how development will occur, and the security of your start up capital.

As part of the bank recognising your goals and objectives it is likely that the account manager will want to see a detailed business plan. This plan is a simple enough document to put together and should include information on the operations, the long and short term objectives of the business and what types of strategies will be utilised in order to achieve these goals. In addition, most business plans should include detailed financial forecasts, usually based on the estimated income over the next three to five years. The bank will normally use this information to assess whether the goals are realistic and to evaluate the level of success in the coming years.

As well as the business plan, the representative will want to see a number of other documents in order for you to open a business account. The first of these documents cover identification, such as passports or driving licences for yourself and any other partners; the bank needs to see these to prevent any illegal money laundering operations. For limited companies, a Certificate of Incorporation will be required although sole traders will need no such certification. As well as these two key elements a credit history and a list of signatories will also have to be presented before an account can be opened.

When selecting an account it is important to remember bank charges. Obviously details of bank charging policy will be available in the accompanying literature; this is information worth reading and understanding fully. The majority of charges are compiled in a monthly or quarterly format although some charges, for instance those relating to transactions can be based upon a pro rata basis.

Many business owners find it difficult to get down to the bank during office hours due to the restrictions of owning and running a business. Fortunately the majority of banks now have internet and phone banking options meaning that finances are either a click or phone call away at any point during the day or night. Many will also want to utilise services such as direct debit that allow customers to make payments automatically, meaning that bills and rent are never forgotten and hence no financial penalties are levied.

Naturally opening a business account for many is a daunting and difficult task. Unfortunately it is an essential part of starting a company. Having a specialist account, even as a sole trader can make tax returns and accounting functions that much easier. Also, a bank can provide great levels of support in terms of advice and hence these services should be utilised extensively. A final tip is to always build a good rapport with the banks representatives, by keeping them on side as well as giving them a clear idea of your goals and objectives it is possible to create a solid financial base for a company.

When opening a business history with a bank there is a large amount of documentation that is essential in order for the bill to be opened. Naturally you must give the bank a clear idea of what the job is, and what it intends to do. Additionally most bank managers will want to see details of where the start up monetary resource came from; whether it is your personal capital, or financial support from a group of investors. The reason these are needful by the bank is because in order to support your business, they need info on how ontogenesis will occur, and the security of your start up capital.

As part of the bank recognising your goals and objectives it is plausible that the account director will want to see a detailed business plan. This plan is a simple enough written document to put together and should include information on the operations, the long and short term objectives of the business and what types of strategies will be utilised in order to achieve these goals. In addition, most business plans should let in elaborate financial forecasts, usually based on the estimated income over the next three to five years. The bank will usually use this data to assess whether the goals are naturalistic and to evaluate the level of success in the coming years.

As well as the business plan, the instance will want to see a figure of other documents in order for you to open a line of work account. The first of these documents cover identification, such as passports or driving licences for yourself and any other partners; the bank needs to see these to preclude any illegal money laundering operations. For limited companies, a certification of Incorporation will be needful although sole traders will need no such certification. As well as these two key elements a credit story and a list of signatories will also have to be presented before an account can be opened.

When selecting an answer for it is important to recollect bank charges. Obviously inside information of bank charging insurance will be available in the concomitant literature; this is information worth reading and sympathy fully. The majority of charges are compiled in a monthly or quarterly format tho’ some charges, for instance those relating to transactions can be based upon a pro rata basis.

Many business sector owners find it difficult to get down to the bank during office staff hours due to the restrictions of owning and running play a business. Fortuitously the majority of banks now have internet and phone banking options meaning that finances are either a click or phone call away at any point during the day or night. Many will also want to utilize services such as point debit that allow customers to make payments automatically, substance that bills and rent are never forgotten and hence no financial penalties are levied.

Naturally opening a business account statement for many is a daunting and difficult task. Unfortunately it is an all-important(a) part of starting a company. Having a specialiser account, even as a sole dealer can make tax returns and accounting system functions that much easier. Also, a bank can provide great levels of support in terms of advice and hence these services should be utilised extensively. A final tip is to e’er build a good rapport with the banks representatives, by keeping them on side as well as giving them a clear idea of your goals and objectives it is conceivable to create a solid financial base for a company.

Business Line With Bad Credit? Yes!

It shouldnt come as a surprise that banks are more than willing to loan money to people with good credit, but shy away from those whose credit is less than perfect. Does that mean the loan you need for your small business is doomed? Not necessarily, because bad credit financing does exist.

First, there are other lenders out there who will, and they generally come in two forms-wealthy individuals (often local) who will make loans to local businesses. Uncovering them may take a bit of detective work, but they certainly are there. Then there are firms that specialize in small business loans to those whose credit is shaky. There are hundreds of them across the country, and they can easily be found on the Internet. But just because theyre there, doesnt mean theyll automatically approve your loan. Far from it. You have to persuade them that youre a viable candidate, and to do that is going to require some work.

Heres what you do: The very first step is separate your bad personal credit from your business credit. This is very, very important. You can do this by forming a corporation (S or C) or an LLC (Limited Liability Company) and applying for an EIN (Employer Identification Number). This allows you to begin establishing a business credit profile thats completely separate from your personal credit. Its like starting with a totally clean balance sheet.
The next step is fairly obvious. You have to build a strong business credit profile.

That means finding suppliers who will report your payment history to the business credit bureaus-Dun and Bradstreet, Experian, and Equifax and making sure you are paying your suppliers on time, and adhering to other sound business practices. Make sure all your business information is correct and consistent with all of the business credit bureaus. Also, bring in a good financial consultant to prepare financial statements for your company. Any potential lender you contact is going to want to see a strong, professionally prepared financial statement. Even if your business is a start up you can still put together a financial statement with projections. This is acceptable to most any lender. Remember that youre asking for unsecured lines of credit, which means you dont have to use assets for collateral. Dont even think about trying to do this yourself. Really!

And, of course, theres still the problem of your personal credit situation. Even though you separate it from your business, its not going to go away, and will still be a factor in many lenders decision process. Youre going to have to show that youre making progress in rectifying the situation. This includes your ability to explain why and how your bad credit happened, and what steps youre taking to re-mediate it. So pull your credit from all 3 credit
bureaus-Experian, Equifax, and Trans Union and review it. If youre unsure how to read them, enlist a credit repair company to assist you. Lenders want to see that youre making an honest effort to correct past mistakes and avoid them in the future.

Essentially, its important for you to know that there are lenders out there (many in fact), who are willing to loan your small business money, even if your personal credit is pretty suspect. These companies, and individuals, make their money by making exactly these kinds of loans. Its their business. Their specialty. Its what they do. They want to loan you the funds you need. But its up to you to put in the effort and make the case that your business is worthy of the line of credit you seek. Remember, the lender is only looking for one thing: Your ability to pay back the loan

Home Based Business and Financial Education for Couples

Most couples don’t plan to fail most couples fail to plan. Yet failing to create a realistic financial plan and follow it is still the number one reason for divorce in half of all marriages in America. Obtaining a financial education is equally as important as a college education. Prudent financial planning and implementation is necessary for a happy, long-lasting marriage and it is necessary for wealth creation.

Despite record high home foreclosures, the mortgage foreclosure rate according to Moody’s economy.com, isn’t expected to peak until 2008.Too many couples find themselves in houses they cannot afford to pay for; this growing occurrence may be a failure to plan to have adequate income or too much debt, such as excessive credit card debt or expensive cars.

Since the early 70’s the bottom fifth of American families have had their income fall by about 0.2 percent each year, at the same time the bottom 40% have not seen any growth whatsoever. It should be clear to every American that things have changed and job security no longer exists, as it did for our grandparents.

In addition to stagnant wages, many young couples today are saddled with paying back college tuition loans that threaten their ability to pay their bills, take an annual vacation, purchase a home and save for retirement. The success of; Franchise alternatives, legitimate business opportunities from home and home based business is the light at the end of the tunnel.

If asked, most couples will say that they need more income to live comfortably but lack an abundance of time to make more money, by lets say working another job. Home business opportunities or franchise alternatives, that generate passive income may allow individuals to pursue the career they trained for and the income they need to live a happy and fulfilling life free from financial stress.

Young people today entering the laborforce face an unregulated labor market that does not plan for the creation of their personal wealth. It’s up to each individual to learn how to become more financially capable and self-sufficient. Consider learning about the legitimate home business opportunities that can generate passive income if the lack of time is an issue.

Fast Answers For Business And Financial Success

Fast Solutions Are Available Today

It is absolutely possible for each of us to gain fast solutions for our money problems. Evidence of this is seen in the innovative new “Skinny On” book series by attorney and entrepreneur Jim Randel. He has studied financial literacy and personal achievement for over thirty years and now distills this information within brief volumes. He claims that the brief format is conducive to the learning needs of today’s society.

Brief Is Better

Concise portions of literature, containing distilled information, allowing fast transference of ideas, will reduce loss of continuity. A short attention span must be fed on a diet of brief but ideas-rich matter. In the information age we now live in, viewers, audiences, prospects, etc. are more attuned to brevity. Brief concise statements are better for attracting audience connection and favor.

Cultural Adaptation

Our culture has adapted to, and has driven, the ever-changing landscape of information transference. Modern technological advancements are funded by increasing appetites for knowledge download. The reciprocal feeding of appetites has emerged as technology accelerates in it’s ability to feed the masses. The result is a culture that is rapidly accelerating in it’s need to be fed copious amounts of data.

Fast Answers Solve Everything

Bill Gates rightly declared that, in this wave of culture, the most successful businesses would be those that have the fastest methods for transferring information. Fast communication is the key to success.

3 Keys To Maintaining Stability In This Age

1. Receive Distilled Information

Within our leisure time, there remains a place for the luxury of waffle but in the context of work, business, and wealth creation, we must screen convoluted sources. Only those resources that cut-to-the-chase and provide distilled information will suffice.

2. Distill The Distilled Information

Those who have a talent for extracting nuggets from brief sources will become increasingly valuable as the pile of data escalates. Discover methods for reviewing, isolating and documenting only the pertinent details present in brief documents. More said with less increases value. We will see shorter books being sold for more (as long as they remain concise)! Work on the ability to distill information.

3. Communicate More Efficiently

Common language with pertinent and contemporary meanings will attract a crowd. Tweets, Facebook entries, blogs, etc that connect with joy, emotion, and brief, catchy, relational ideas will engage. Brief quotes and reviews will also maintain connection.

Quick Information Resources

Seek highly distilled information resources like the following. Gain access to monthly repeats of newly distilled ideas to enhance your ability to remain current.