Category: Useful Business Tools
Some nice and easy to use business tools – calculators, web widgets and some more…
What is an Angel Investor? An angel investor is an individual investor who provides capital for a business in exchange for an ownership stake in the company. Angel investors typically invest their own capital as opposed to managing funds and often look for entrepreneurial businesses in need of seed money or early–stage capital. These investors generally look for businesses with high growth potential and are typically motivated by the potential for long–term gains and social impact. Angel investing is riskier than traditional investing because the companies have yet to prove that they have a successful product or service in the market....
Did you know, that the minimum hourly wage was 25 cents, when the federal minimum wage law was enacted back in 1938. This was equal to 4 dollars today’s money. Having this in mind, the average minimum hourly earning has increased only twice in real terms and 16 times (to $8) in nominal terms. In 1980, more than 16% of the working population received minimal wage. Today this percentage is under 3%. You can read some interesting information about wages and labor on the site of the United States Department Of Labor located here https://www.dol.gov/
Two things nobody can escape – the first one is death and the second one is taxes. Well, even though I completely agree with number one, in reality, most of the rich people out there know many ways to escape, or at least reduce their taxes. Did you know that poor people pay taxes at rates two times higher than rich people? In the year 2010 in the United States, the top 1% of people by income were taxed at an average rate of 5.6% and the poorest 20% of Americans were taxed at around 11.2%. The next 60% by...
About the Currency Converter Money exchange rates are really important, especially if you pay, or get paid from abroad. As you know, they are constantly changing. That’s why having a reliable currency converter near at hand is a must. For this purpose, we developed this widget, which can make currency conversions in real-time using quotes from yahoo finance – a very reliable source. however, please note that the exchange rates from Yahoo are not the exact ones your broker would work with or your change will exchange your money at. This tool works with international rates that are used on...
Most of us pay mortgages and all of us that do know what a burden such a loan could be. This is why it’s extremely important to plan thoroughly your payments in the future and try taking into account all potential risks and difficulties you may occur. First of all, you need a detailed look at your mortgage repayment plan. This amazing calculator below can show you in very detail how your loan and payments would look over time. It provides some wonderful charts that will give you a visual idea of the interest payments, principle, and the remaining balance...
If you are looking for expert advice from real entrepreneurs, then you have come to the right place. Given below is some thought-provoking advice from real-world entrepreneurs, whose net worth not only runs in billions but who have also made their mark in the world by building their gigantic empire. Take a note of their valuable advice and implement them in your own business, to carve a successful niche in the market. Watch the video below. • According to billionaire Sheldon Adelson, there are a number of things in life that other individuals do not do. For that, you only...
Since 2008, the economic conditions around the world have become totally unpredictable. I think there is not a big chance for something to change anytime soon. Since then, a question intensively has been arising in my head – “What would be the best way to preserve my family’s savings”. As the person in charge of this, I started to examine many different opportunities. After some time spent in analyzing various investments, I came to the decision, that opening a savings account, might be the best way to preserve wealth. Stocks have been hit really bad and many people were left...
Almost every business or individual needs to borrow money from time to time. And this is a completely normal procedure. If you are about to take a small business loan, you should very well plan how you will pay it back. One nice tool, that can help you do this is our online loan amortization calculator here. Using it, you will be able to get a complete idea about how your loan will be going. It will provide you with a simple and understandable repayment plan, which you can use to see how much you would pay for your debt....
Sometimes in our lives, we need to write a formal letter for something. Once I had to send such a letter and I realized, that I don’t know how to structure it! And that was bad because I had to quickly write it, but I couldn’t find the appropriate information about how to do it! A friend of mine helped me with this situation, and I did well. And now I am creating this post, and I hope it will be helpful for people in a similar situation to mine. Some Basics Here are some simple steps, that will help...
You have a great business idea and you are ready to build a business around it. You know how to make a great product or service, but are you wondering what type of company should you register? Should it be an LLC? Or should you choose to start a sole proprietorship? These are some standard questions every starting entrepreneur should ask herself. The right answers may be crucial for the successful future of your business. So, to make the decision easier for you, we found an infographic that will show you all the basics of major business types in the...
