Financial days

Tip! For someone who doesn’t want to spend the money to get their own website there are other ways and this is the best I have found for making significant amounts from providing credit card leads. It doesn’t cost a dime to start this business and you start out by getting your own free credit card.

Whether they are in the Screen Actors Guild or not, people have a tendancy to move. While SAG members always remember to forward their postal mail, oftentimes they neglect to notify their union of their new address. After six months to a year, the mail is no longer forwarded by the post office, and the dues letters and correspondence stop.

Tip! The time trap. You are trading your time for money.

Including their residual checks.

What are residuals? Basically residuals are further compensation paid to performers for the re-use of a motion picture or television program they have appeared in. Performers are entitled to residuals if they are classified as a principal performer, which includes singers, stunt coordinators, pilots, dancers under Schedule J and other performers designed under the principal agreement.

Tip! The link between money and happiness. Money alone does not dictate happiness or unhappiness.

Residuals are paid to those performers ever 30 days after an airdate for television non-syndicated airings, four months for syndicated airdates and shows that are under basic cable agreements are paid quarrtlery. A full list of residual due dates can be found at www.sag.com.

If you think you are due residuals, but have let your membership in the guild expire, or have not kept up your contact information, you can search the SAG Unclaimed Residuals Database for your name. If your name is found, it will give you precise instructions on how to fill out the paperwork to claim your due residuals.

The number one lesson is:

Keep your contact information with your unions current!

Troy A. Rutter has been working with young performers for over ten years. His book, Kids in the Biz, provides step-by-step guidance to prospective young performers and their families. For more information about getting children into acting in television and films, visit his web site at http://www.kidsinthebiz.com

Tip! Vendors. Negotiate terms with your vendors to help delay the outflow of cash payments.

For a long time I was reluctant to invest in a business that marketed a high ticket product or service because I didn’t have the money to invest. Even though I was convinced that if I was coachable and trainable and seriously worked the business I could generate a few thousand dollars in the first thirty days, I kept putting off joining the business opportunity until I had the money up front to invest. So I kept fooling around with MLM opportunities that marketed great products but never making more than a few hundred dollars. But finally the light came on for me about OPM (other people’s money) and positive cash flow.

Tip! To save yourself from bounced checks, the fees for bounced checks can quickly total much more than the fee for taking out the cash advance loan.

If Donald Trump wanted to buy a business that he knew would generate him a serious positive cash flow, he wouldn’t use his own money. He would borrow the money from investors who were satisfied with a guaranteed fixed rate of return on their money, and Trump would keep his own money invested. I realized that if I borrowed $5,000 from my credit card even at 18%, it would cost me $75 per month in interest to use that money. Actually I talked one of my credit card companies to give me a cash advance @ 4.99% for the life of the loan. So the monthly finance charge would be about $21. If I wasn’t carrying a balance from any other purchases on that card, the minimum payment would be $100. So whether I considered the monthly service charge or even the monthly minimum payment, all I needed to generate from my business in the first month was $101, and I would have a positive cash flow. I was convinced that I could make 4 or 5 sales per month with the business I wanted to start and would be making a minimum of $1,000 on each sale. But even if I only made one sale per month I’d have a positive cash flow.

Tip! You will never end up crying with Fast Cash Payday Loans. This is because if the company you have applied will not approve your loan, they will somehow send you list of companies that match your qualifications.

I am a home owner, but if I didn’t have the money to buy a home, I would not live on the street. I’d rent a place that I could afford. Why wait until you have the money to invest in a business that you are convinced will generate a serious secondary income? Why not find someone who will rent the money to you? That could be a small business loan, home equity line of credit, credit card line of credit, or even a friend. If I hadn’t had access to a line of credit, I’m sure that I could have found a friend who would have loaned me $5,000 if I had promised to pay them $50 a month until I repaid the $5,000. That’s 12% APR. Or I could have found five people who were willing to loan me $1,000 for a return of 12% APR.

Any legitimate business will have some up front start up costs as well as regular monthly expenses such as advertising. Why not figure the “rent” on your start up costs into your monthly business expense budget? If you can generate more than that amount each month from the business you want to start, you’ll have a positive cash flow in the first month. Go for it!

Tip! Maintain a list of emergency money generators. These are items that you can use that require little or no planning, either because you have it done or it just doesn’t need it, that deliver short-term cash.

Tim Henry is a Director with Coastal Vacations Club. Learn how to vacation for pennies on the dollar for life. And earn $1,000 or more without selling a thing. http://www.theyclosemysales.com

Tip! ) Now let’s say you use a new credit card to take a cash advance of $1000, but are unable to pay it immediately. Over the course of a year, your $1000 cash advance at a 29% interest rate could accrue interest of $300 or more.

Any idea? It’s a question that more than a few Yellow Page advertisers ponder. If you are currently spending money every month to run an ad in your local directory, you don’t want to wrestle with that question. You want to know that your investment is generating a consistent flow of new clients to your business. So what can you do to maximize returns and stop worrying?

First of all, know this—Yellow Pages Advertising has incredible potential. As a business owner, you have few other ways to reach prospects who are as targeted, and ready to buy as these. But naturally… your success depends on the quality of your ad. And when it comes to ad content, far too many advertisers are quite simply… lost.

Tip! Revolving Credit Line. Establish a revolving line of credit through a lender to help you with potential cash flow crunches.

“The red-hot commodity of the Information Age? Why that would be the Yellow Pages… It’s like shooting fish in a barrel.” Fortune July, 2003

There are few places to turn. It makes for an unpleasant situation for the honest businessperson trying to harness the tremendous potential of such a perfectly targeted medium. And so, most advertisers rely on the Yellow Pages design department, who, as it turns out, develop most of the ads in their directory.

It’s hard to differentiate your company if that’s the case, don’t you think?

That situation doesn’t need to be one that you find yourself in. While many advertisers fail to develop an ad that draws a strong response, it’s not especially difficult to do. In fact, the basic mistakes that “riddle” just about every subject heading provide a fantastic opportunity for the business owner that does his homework. If you’re reading this article, you’re doing your homework.

Tip! You must have a checking account. This is logical since that is how you will be able to get your quick payday loan cash.

“How come we still have the Yellow Pages? They Work. You don’t go to the Yellow Pages and look up pizza unless you’re planning to order pizza.” Fortune July, 2003

What Yellow Page success boils down to is ad content. Not color. Not professional design. Sure, those things matter too; but they are nowhere near as important as the words you use to fill your ad. People turning to the Yellow Pages have already determined that they need you. They just need to know whether they should call company A, B, or C.

Their choice doesn’t depend so much on color or design, as it depends on what you offer that your competitors don’t” the policies you hold yourself to that give consumers faith in you and your business.

Tip! To save yourself from bounced checks, the fees for bounced checks can quickly total much more than the fee for taking out the cash advance loan.

Here is a point you need to understand… Listing the brand names you carry and the “laundry list” of products or services you offer don’t build credibility. They don’t set you apart from your competitors who offer the same thing!

Plenty of other things do. And chances are you embrace those policies and those hassle, and risk removing, motivators already. You probably do quite a bit for your clients that make their lives easier, more lucrative, more pleasant, and so on. You probably have credibility boosters that you’ve never considered including.

And that is because you may not realize the power they have in motivating an eager prospect to act. Iron-clad guarantees… customer testimonials… rock-solid offers for new customers… a headline that goes well beyond your logo and company name; these are things that work wonders in a targeted, ready-to-buy medium such as the Yellow Pages.

Tip! ) Let’s say you have a balance of $1,000 on your credit card and you take a $1000 cash advance. Two months later, you pay $1000 towards your bill.

Since so many of your competitors are focusing on their company name and their laundry list of products and services, the copy points above will differentiate you! They give you the credibility that your competition likely lacks, and they make a strong case for many a prospect to choose you with confidence. That’s what the Yellow Pages are all about, right?!

About The Author

Alan Saltz, the author, teaches Yellow Pages Advertisers how to boost their response and return on investment, using simple, but extremely effective techniques. To learn more about how to improve your own Yellow Pages ad, visit: http://www.YellowPagesProfit.com.

alan@YellowPagesProfit.com

Tip! You will never end up crying with Fast Cash Payday Loans. This is because if the company you have applied will not approve your loan, they will somehow send you list of companies that match your qualifications.For a long time I was reluctant to invest in a business that marketed a high ticket product or service because I didn’t have the money to invest. Even though I was convinced that if I was coachable and trainable and seriously worked the business I could generate a few thousand dollars in the first thirty days, I kept putting off joining the business opportunity until I had the money up front to invest. So I kept fooling around with MLM opportunities that marketed great products but never making more than a few hundred dollars. But finally the light came on for me about OPM (other people’s money) and positive cash flow.

If Donald Trump wanted to buy a business that he knew would generate him a serious positive cash flow, he wouldn’t use his own money. He would borrow the money from investors who were satisfied with a guaranteed fixed rate of return on their money, and Trump would keep his own money invested. I realized that if I borrowed $5,000 from my credit card even at 18%, it would cost me $75 per month in interest to use that money. Actually I talked one of my credit card companies to give me a cash advance @ 4.99% for the life of the loan. So the monthly finance charge would be about $21. If I wasn’t carrying a balance from any other purchases on that card, the minimum payment would be $100. So whether I considered the monthly service charge or even the monthly minimum payment, all I needed to generate from my business in the first month was $101, and I would have a positive cash flow. I was convinced that I could make 4 or 5 sales per month with the business I wanted to start and would be making a minimum of $1,000 on each sale. But even if I only made one sale per month I’d have a positive cash flow.

Tip! Maintain a list of emergency money generators. These are items that you can use that require little or no planning, either because you have it done or it just doesn’t need it, that deliver short-term cash.

I am a home owner, but if I didn’t have the money to buy a home, I would not live on the street. I’d rent a place that I could afford. Why wait until you have the money to invest in a business that you are convinced will generate a serious secondary income? Why not find someone who will rent the money to you? That could be a small business loan, home equity line of credit, credit card line of credit, or even a friend. If I hadn’t had access to a line of credit, I’m sure that I could have found a friend who would have loaned me $5,000 if I had promised to pay them $50 a month until I repaid the $5,000. That’s 12% APR. Or I could have found five people who were willing to loan me $1,000 for a return of 12% APR.

Tip! To save yourself from bounced checks, the fees for bounced checks can quickly total much more than the fee for taking out the cash advance loan.

Any legitimate business will have some up front start up costs as well as regular monthly expenses such as advertising. Why not figure the “rent” on your start up costs into your monthly business expense budget? If you can generate more than that amount each month from the business you want to start, you’ll have a positive cash flow in the first month. Go for it!

Tim Henry is a Director with Coastal Vacations Club. Learn how to vacation for pennies on the dollar for life. And earn $1,000 or more without selling a thing. http://www.theyclosemysales.com

By Alan Olsen

Tip! ) Now let’s say you use a new credit card to take a cash advance of $1000, but are unable to pay it immediately. Over the course of a year, your $1000 cash advance at a 29% interest rate could accrue interest of $300 or more.

Managing cash flow is what separates good companies from the truly successful ones. Indeed, your ability to monitor the cash flow of your business can be the vital difference between profit and loss.

Here are 10 ideas to enhance cash flow:

1. Assess Your Risk Up Front
   
   When you do work without being paid up front, you are extending credit. Discuss your billing procedures with your customers up front. “We expect payment in 30 days; is that a problem?” If it is, you need to know ahead of time and make an informed decision about whether you really want to loan your new customer money.

   Tip! To save yourself from bounced checks, the fees for bounced checks can quickly total much more than the fee for taking out the cash advance loan.

2. Bill Immediately
   
   Customers do not pay for what they have not yet been billed. Although many owners believe they have efficient billing procedures, our experience is that delayed billing is a primary cause of poor cash flow. You cannot bill soon enough!
3. Bill Thoroughly
   Confusing bills provide your clients with an opportunity to delay paying you. Furthermore, be very specific about the payment terms and stick to them. If you expect payment in 30 days, say so; and detail what happens if you are not paid. Do not fear losing business! If you are not now getting paid for work you have done, what is left to lose?

   Tip! Vendors. Negotiate terms with your vendors to help delay the outflow of cash payments.

4. Make Paying Easier
   Do you accept credit cards? If not, it is time you evaluated this opportunity. Do you enclose a postage-paid return envelope with your bill to expedite payment? Have you considered offering discounts for prompt payment? When we work with clients, we look at every aspect of their billing process.

5. Collect Your Bills
   Receivables are loans your company provides to your customers or clients. Unless you really want to be a banker, develop a protocol for your collection effort that begins the moment a bill leaves your company. History has demonstrated that the lack of a well-developed collection protocol is the primary cause of poor cash flow.
6. Cut Unnecessary Expenses
   Reduce the cash that is going out. Carefully examine your fixed expenses. Look at your utility bills and implement a conservation program. Review your insurance premiums to be sure you are not over-insured. How many subscriptions and memberships are really needed?

   Tip! Maintain a list of emergency money generators. These are items that you can use that require little or no planning, either because you have it done or it just doesn’t need it, that deliver short-term cash.

7. Time Your Payments Carefully
   Review all of your vendor bills to ensure that you are taking advantage of any discounts. Delay all non-discounted bills as long as possible.
8. Put Your Cash to Work
   
   First, make daily deposits! Second, make your deposits before the bank stops its daily transactions (2:00 PM – 3:00 PM). If your mail arrives late, get a post office box to speed up delivery. Finally, transfer idle cash into interest-bearing accounts. Even at 2% or 3%, this money adds up.

   Tip! Revolving Credit Line. Establish a revolving line of credit through a lender to help you with potential cash flow crunches.

9. Evaluate Your Payroll Schedule

   Consider changing your payroll from weekly to biweekly or monthly. Reducing the amount of payrolls, in turn, reduces payroll tax deposits. Consider payroll advances to help sway employee resistance.

10. Plan Ahead

    Without exception, planning ahead is the most crucial aspect of cash flow management. Prepare a cash flow budget based on last year’s history, and you can begin to develop a game plan.

Talking to your banker before you need money will provide you a better working relationship and better rates. If you need assistance in developing a cash flow budget or if you would like us to introduce you to a banker who understands cash flow, call us today.

Tip! ) Let’s say you have a balance of $1,000 on your credit card and you take a $1000 cash advance. Two months later, you pay $1000 towards your bill.

Summary

Cash flow management involves analyzing risk and requires both short- and long-term approaches. As a business owner, you know how crucial it is to maintain your profit margins. This guide was developed to assist you in ensuring that cash flow problems do not siphon off those profits unnecessarily.

Although we present a number of ideas here, they are general in nature in order to give a wide variety of insights into managing cash flow. In truth, cash flow management involves analyzing risk and requires both short- and long-term approaches. We will be happy to develop a specific approach for you and your business.

Tip! You must have a checking account. This is logical since that is how you will be able to get your quick payday loan cash.

Alan L. Olsen is the managing partner at Greenstein, Rogoff, Olsen & Co., a top Bay Area CPA firm. He focuses on developing innovative strategies for business enterprises and individuals. A specialist in income tax planning, he frequently lectures and writes articles on tax issues for professional organizations and community groups. His website is ranked one of the top in the nation, featuring tax tools and business leadership articles: http://www.groco.com