How to Use Equity Financing for Setting Up A Home-Based Business for Retirees

In today’s economic condition, every business can experience fluctuations in their generated income and it takes a lot of expertise to keep your business afloat. For retirees who want to have their own business, looking for funds can be very daunting. So, if you are looking for some funds you can use for setting up your own business or expanding an already established venture, the sure way to get them is through equity financing. Equity financing allows you to generate funds without having to worry about monthly interests and repayments. Simply put, it can help your business produce funds without incurring an obligation to lending institutions.

However, this is not your typical free funds you get from the government. Although it is not considered as a loan, equity financing would mean that you have to part some shares on your company to independent individuals willing to set up the equity funds which you will use for your business. Basically, you will be giving part ownership to those involved in raising the equity funds. This will mean that they now have an equivalent common stock in your business and aside from this, they can also actively take part in the board’s activities and will have some influence on the way the business is being managed.

Equity financing can be sourced from your known associates, so your business control will stay within your circle. But if you are really looking for major equity financing, the best source is the entrepreneurial or venture capitalists who are looking for new business ventures they can put their money into.

Equity investors often look for businesses with large growth potentials which can give their money huge investment returns. Even if it is just a home-based business but shows great potential for growth, equity investors will always be interested in providing the needed capital. And if you are die-hard in getting a hefty amount in equity financing, make sure that your company has a great management team since equity investors are very particular on the company that they are planning to invest in and are being managed by people who really know the way of the business. If these qualities are integrated in your business, you will have a likely chance of getting equity financing from investors willing to risk their money for the sake of profit.

Although equity financing can offer a large monetary reward for retirees who want to setup their own business or expand an already established business in need of a fund to use for growth, always consider the factors that will affect the entire business in the future. If you see your business as a personal entity and you don’t want other people to meddle with your management, then consider other avenues in which to get your needed financing. Although equity financing relieves you of financial duties to lending companies, it will also take some part of your business away from you.

Budget Travel Tips – 3 Easy Ways For a Great Vacation by Following These Budget Travel Tips

All of us at one point have searched for budget travel tips to get us to our dream destination without breaking the bank. This is entirely doable given the technology that is available to us today. This article covers three tips that should help you plan your vacation and stay within your budget.1. First of all, try to plan your vacation during off peak travel times. On average, airlines tend to charge 25% more if you fly on peak days. But if you leave mid-week, say on Wednesday, and plan to come back on Saturday, you will save some serious cash. Additionally, catch a flight that flies at a non-peak hour and your savings will add up. Airlines tend to charge a premium for flights that leave between 9:00 AM – 5:00 PM. Yes, people who fly sometime out of that eight hour window are generally inconvenienced because it is a pain to plan for a 6:00 AM flight but you will probably stick to your budget if you do this. To add to this, you will encounter much fewer crowds at the airport.2. You can score big on airfare just by knowing the secret code. Many airlines are trying to entice customers by giving their customers special promotional codes for deals on their airfare which is not advertised to the general public. You either have to be part of their frequent flyer program or you may have to register via their website. Many airlines are also offering their Twitter followers special discounts. To take advantage of these unique savings, sign up for any e-mail offered by the airline that you want to fly, or follow the airline via Twitter.3. Hotels are feeling the pinch nowadays too. To take full advantage of this, once you find a hotel that you like, give them a call. And not through their 1-800 customer service phone number. Find the phone number of the location where you want to stay and talk to someone at that location. Ask if there are any special promotions or perks not listed on their website. More often than not, this person will have the authority to give you special treatment.Just by following these three simple techniques, you should be able to find a few travel bargains. It really is easy to sign up for an airline’s e-mail list or to follow them on Twitter. Traveling during off-peak season takes some planning but is also easy to do and you might be happily surprised what extras you can get just by asking the hotel desk clerk. By following these budget travel tips, you will be able to travel cheaply and have a great time in the process.

The Accidental Project Manager: A Threat or an Opportunity?

Good Day AllAre you an accidental project manager?We hope that no one get offended by this term since the use of this term in our view is not offensive at all, rather it reflects a common reality. However, in case anyone object to the term, we truly apologize in advance and humbly ask you to read on and you might find out that our intentions are good-hearted.DefinitionSo what is the accidental project manager? Is it someone who is clumsy and stumbles into too many accidents? Absolutely not!It is a term that somewhat common to use. It typically refers to a professional who is educated, experienced, and practicing in one function or domain, such as: engineering, programming, marketing, human resources, finance, general business, art, and healthcare, among many other fields. This professional, at one time or another, is tasked with managing a project related to their function or department, such as an engineering related project, learning and development project, a media project, or any other project. Now, the challenge is that more often than none, this professional might not have any experience or education or training in project management yet they are still asked to manage a project.In other words, the professional is accidentally, or by chance/coincidence, get to manage a project although that was not likely a preferred career choice. Managing the project can be on a part-time or full-time basis. Once the project is complete, the professional resume his or her normal functional duties and maybe never manage a project again.The OpportunityFor many professionals the above bring about a great opportunity. An opportunity to take on a new challenge, and acquire new and highly valuable skills; management skills. These skills are in demand in today’s economy and life and are transferable to many domains, including managing personal non-work initiatives.If the person does a good job in managing the first project, she/he might be given an opportunity to manage another, and another, and maybe shift totally into project management and become a career project manager. A career PM is someone who chose project management as a career choice and shifted from whatever career they were in before. The transition might not be easy but would be quite rewarding.The ThreatsThe threat to the professional and the organization is that the accidental PM might not be ready to manage a project and as a result they might not do well on the first project. If the project has a significant degree of complexity, then the project might even fail and we are likely to blame the project manager. Could this be the error of the accidental PM? Basically, the professional is given a new “challenge” as the boss might have said, yet this professional who is given the challenge might not have the characteristics that is necessary for a good career project manager. Further, this person might not have been given the necessary education or know how to manage the projects and would not be fair to blame her/him.Therefore, the threat in this case is double edge: on the personal aspects, the accidental project manager is likely to feel responsible for the failure and this situation might hurt them professionally and personally. In some cases the consequences could be severe and detrimental to the person’s career. The other aspect for this situation is the organizational aspect. Here we have a failed project with cost and schedule impact – at least. If the project is for a client, the damage could be significant.In short, all involved lose in this scenario.The SolutionOne solution is to have all project managers educated and trained in project management but we do not believe this is necessary for all type of projects. For major capital investment projects, and projects that are very important for an organization we need the necessary preparation before we should put a project manager in charge.However, many projects, especially those in our day-to-day life and business, can be managed effectively with accidental project managers with some preparation. But we should not throw the person into the ocean and expect them to reach the shores safely if they do not know how to swim. We need to teach them the necessary to survive, maybe in a large pool and not the ocean; for the ocean we need an expert swimmer.How can we do that? Have the professional works on projects to see what it is like. Provide some basic project management learning opportunities. Have the person work as an assistant project manager under the supervision of a more experienced professional. All of these actions will enhance the chance of success and minimize the chance of failure. This way, we would have effectively managed the risk of the accidental project manager and the professional gain new skills while the organization enjoys the benefits of a new service or product.For all professionals out in the world, welcome the opportunity to manage a project and it may change your life. If the organization gives you the task without getting you ready, prepare on your own – seek the new knowledge and best of all learn how to apply it. We wish you an enjoyable and exciting journey of learning and growth.By the way, the author started his career as an engineer and then moved to projects.