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Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Surprising Facts About Gold
Jan 6th
Sometimes I learn new facts that surprise me, and in this infographic called All The World’s Gold from the website Number Sleuth there were quite a few things that I learned.
Here are some of the more interesting facts about gold that we learned from this infographic:
- All the gold in the entire world could fit inside about 3 Olympic sized swimming pools. And unlike paper, it can’t just keep getting printed.
- There are about 5 gold rings worth of gold per person on the earth (~7 billion people = ~35 billion gold rings)
- The vast majority of gold is used as jewelry (as opposed to investments)
- India consumes more than six times as much gold as the US
- China consumes more than three times as much gold as the US
- The US national debt is more than the value of all the gold in the world
From: Number Sleuth
View full post on Business Pundit
The facts
Aug 26th
A statement of fact is insufficient and often not even necessary to persuade someone of your point of view.
[I was going to end the post just like that, but then I realized that I was merely telling you a fact, one that might not resonate. Here's the riff:
Politicians, non-profits and most of all, amateur marketers believe that all they need to do to win the day is to recite a fact. You're playing Monopoly and you say, "I'll trade you Illinois for Connecticut." The other person refuses, which is absurd. I mean, Illinois costs WAY more than Connecticut. It's a fact. There's no room for discussion here. You are right and they are wrong.
But they still have the property you want, and you lose. Because all you had was a fact.
On the other hand, the story wins the day every time. When the youngest son, losing the game, offers to trade his mom Baltic for Boardwalk, she says yes in a heartbeat. Because it feels right, not because it is right.
Your position on just about everything, including, yes, your salary, your stock options, your credit card debt and your mortgage are almost certainly based on the story you tell yourself, not some universal fact from the universal fact database.
Not just you, everyone.
Work with that.]
View full post on Seth’s Blog
Small Business Financial Facts
Aug 20th
Understanding your small business finances is a huge part of managing your company to success, especially during challenging times. Here at Small Business Trends, we believe small business owners should be empowered, stop worrying about economic forecasts and take control of their own destinies when building their businesses. We hope the resources here help you do just that.
Trends
Dealing with rising costs. Faced with a challenging economy that makes growth a little trickier, small businesses also need to watch the other end of the equation by keeping control of their costs. Easier said than done, this is something at which some entrepreneurs have none the less prevailed and here are some tips that can help you and others. Bloomberg BusinessWeek
What does double dip mean to you? Nothing probably. With all the wailing and hand wringing going around, remember that most of our small businesses don’t depend on the stock market directly. Customers and clients still need to be served. You can expand your market or enter new ones. Keep doing what you’re doing and stop worrying about “the economy.” You’re the Boss
Opportunities
Tax credit for research and development? That’s right, you can get a tax credit for doing something that’s good for your company anyway, researching and developing new products, services and technologies. Here are more details on the tax credit program. Be sure to share this link with others. Bloomberg BusinessWeek
SBA funding continues to roll out. The Small Business Administration continues to roll out funding in an effort to boost small business and with it the economy. A recent initiative targets small businesses seeking capital in Michigan. Federal funding has also flowed to a number of other states recently to help with small business lending. Keep watching for funding your business can take advantage of. Grow Smart Biz
Operations
Want to cut costs in your small business? Check out these suggestions for cutting costs across the board. Reducing cost is a great way to manage your company’s finances no matter how your business is doing. Cutting expenditures improves your company’s financial situation and frees up additional resources to reinvest in your business. Angel Business Advisors
Cash is king so manage it. In fact, managing cash flow within your business ought to be one of your top priorities. But getting a handle on cash flow within your company may not be as easy as it seems. Resolve to take a systematic approach to addressing your small business issues and you may be surprised at the result. Open Forum
Funding
Mistakes when seeking investors. It seems simple on the face of it. Just go convince someone with money to spend that your idea for a business is clearly awesome 
. They write you a check and you’re in business! But when it’s time to approach investors, especially sophisticated ones, you’ll find the prospect is anything but easy. Open Forum
There are no shortcuts to raising cash. Be ware of claims that seem too good to be true. They may either be “opportunities” of questionable authenticity or they are meant for a very specific kind of business and not for you. See the example given by Peter Ireland of an “opportunity” for businesses that may clearly be out of the typical small business startup’s league. The Seed & Startup Capital Blog
Crowdfunding
Have you heard of crowdfunding? A way to get the financial boost your business needs to grow, expand or survive harsh economic times, crowdfunding is a new practice often carried out over the Internet. For a more detailed look at the process and what’s involved, check out the story at the link above. Grow Smart Biz
13 online sources for funding your business. As mentioned earlier, crowdfunding is largely an Internet trend and has inspired a variety of Websites and Web communities to serve the market. Here is one list of Websites just to get you started. As with any online resource, we would encourage you to do your own research to determine which crowdfunding option might be best for you. practical ecommerce
Small Business Financial Facts
View full post on Small Business News, Tips, Advice – Small Business Trends
New! Credit Facts, Myths, & Tips. 2 Ebooks!
Apr 17th
Get 50% per sale + 50% on upsells with a potential of $50+ per sale! Help consumers understand the ins and outs of their credit score, and how fico works, so they can improve their score.
New! Credit Facts, Myths, & Tips. 2 Ebooks!
5 Facts About President’s Day
Feb 21st
Need to know more about President’s Day? Check out these 5 facts that will help you figure out its origin, what’s closed, and what President’s Day is all about:
5. What’s closed:
Post offices
Schools and universities
Financial markets
Most federal, state, and local government offices
Libraries
Public transit may run on a special schedule; check with your city
Some banks are closed; check with yours
4. First made official to celebrate George Washington’s birthday, the holiday is officially called “Washington’s Birthday.” In the late 1970s, it was unofficially adapted to celebrate all presidents. Nixon declared that the holiday should take place on the third Monday in February. As a result, many people call the holiday “President’s Day.” George Washington’s actual birthday is on February 22.
3. Some states have different celebrations for President’s Day. Alexandria, VA celebrates a tribute to presidents for an entire month. Arkansas also holds Daisy Gatson Bates day on President’s Day (Bates was a civil rights leader). The state of New Mexico observes President’s Day on the Friday after Thanksgiving.
2. This year, George Washington turns 279 years old.
1. If he had been around in this day and age, Washington may have seen the financial crisis coming. As he once said, “few men have virtue to withstand the highest bidder.”
View full post on Business Pundit
Small Business News: Small Business Funding Facts
Feb 2nd
There’s a lot of buzz about small business funding these days. The issue has become a major one not only in the small business community but also among government leaders. It’s certain that finding the funds for your small business venture, especially until cash flow becomes regular, is a challenge every small business owner or entrepreneur faces. If you’re facing this issue, we hope the resources below will help. If there is a creative way you have dealt with this issue yourself, please let us know in the comment section below. We would love to hear.
Basics
Four tips for raising cash. Raising money for your business venture is always a challenge and more so in a challenging economic climate. But tough times shouldn’t stop a determined entrepreneur from getting under way…whether investment is easy to come by or not. Open Forum
Praying for the help of angels. This simple post gives first-time entrepreneurs a detailed overview of the angel investor’s world. But more importantly, it takes a look at why angels invest and the kinds of businesses they prefer to invest in. If you’re seeking investment for your business start-up, it’s best to know what invest are looking for…including angels. The Smart Startup
Policy
U.S. program brings entrepreneurs/investors together. Venture capital investor Brad Feld talks about the newly unveiled Startup America Partnership as proof Washington “gets it” when it comes to promoting entrepreneurship. While we’re sure any program putting entrepreneurs and investors together can’t be all bad, a look at lowering taxes and revisiting the potentially harmful healthcare law would help as much as investment Brad. Feld Thoughts
Startup America boosts funding. Another post celebrates the federal program aiming at putting together entrepreneurs with investors. Here Aneesh Chopra, United States Chief Technology Officer, explains and praises the program. Getting funding to startups has become a major focus of government policy, but how will this translate to the broader small business community? Tech Crunch
Startups
New startup aims at providing capital for small business. A new company is trying to automate the loan process allowing small businesses to get an evaluation then apply for funding online. In essence, On Deck Capital takes the classic business approach of finding a problem and solving it. In this case, the problem is finding a better way to get investment for other small businesses. DealBook
Trends
Groundhog Day predictions. Yes, Punxsutawney Phil, the famous groundhog, made his own predictions for the length of winter and the coming of Spring, but small business experts are making their own predictions too. Here are five small business predictions for Spring from a variety of sources, not surprisingly a few touching upon small business funding and its availability. Business News Daily
Small businesses get more credit card offers. Credit card companies will be making more offers to small businesses, according to recent media reports. But could entrepreneurs be too worried about taking on extra debt to take advantage of this opportunity? Read Rieva Lesonsky’s detailed overview of this new funding option and what it means. Small Business Trends
Resources
A whole new fundraising frontier. Could social media be the next frontier for small business fundraising in the same way that it has been for marketing and networking? Enter Kickstarter and other similar sites that turn to online communities as a way of funding projects. Could it be right for your funding needs? Open Forum
Raising capital: a how-to guide. Putting together funding for a small business has never been easy. Still it can be one of the most important skills an entrepreneur possesses. Still, getting started with the fundraising process for your small business is not rocket science. Here are some basic steps to get you started. Open Forum
News
Is small business funding still plagued by discrimination? A settlement as a result of a discrimination suit filed against the U.S. Small Business Administration has apparently still not resolved the issue of whether the federal agency is bias toward minority applicants for business funding. What’s your take on whether the federal loan program could be impeding investment in small business especially in minority or under-served communities? NYTimes
Small Business News: Small Business Funding Facts
View full post on Small Business News, Tips, Advice – Small Business Trends
Facts About Small Business Taxpayers
Dec 20th
To comprehend U.S. tax policy, you need to understand how taxes impact small business owners. That’s because when politicians discuss taxes, they almost always pay attention to their effect on those who own companies. So what does IRS data show about small business owners and taxes?
Business ownership is a bigger source of income for wealthy people than for those who have less money. IRS data show that income from business ownership accounted for 20 percent of the adjusted gross income (AGI) of tax filers with incomes of more than $250,000 in 2008, but only three percent of the AGI of those earning less than $250,000.
The pattern is similar for wealth. In 2004 (the latest available data), closely held business stock, non-corporate business interests and limited partnerships accounted for 20 percent of the net worth of all Americans. But the numbers are much higher for the wealthy. For those with a net worth of under $1.5 million, these three types of assets accounted for only 17 percent of net worth, but for those worth more than $20 million, their share was one third.
However, business ownership is accounting for a less of the incomes of affluent Americans over time. In 1993, 29 percent of U.S. tax returns with greater than $200,000 had business and professional income and 58 percent had partnership and S corporation income, but in 2007, the shares were only 19 percent and 42 percent, respectively. Similarly, in 1993, business ownership accounted for almost 25 percent of the income earned by tax filers with more than $200,000 in AGI, but by 2007, this share had fallen to a little over 21 percent.
Income (and tax payments) from business ownership is concentrated in the hands of a small number of people working for themselves. IRS data show that in 2008 only two percent of personal tax returns with business income were filed by business owners making more than $250,000 per year. However, the owners with incomes exceeding $250,000 per year accounted for more than two-thirds (70 percent) of income from business ownership.
Few U.S. tax filers are wealthy small business owners, but wealthy small business owners account for a disproportionate (to their share of tax filers) chunk of Americans’ income. IRS figures show that in 2008, only 1.4 percent of U.S. tax filers had business income and earned more than $250,000 per year, but this slice of tax payers accounted for five percent of aggregate AGI.
Politicians care a lot about how taxes affect small business owners. A couple of patterns sum up the data on small business owners and taxes. Business ownership is a bigger contributor to the wealth and income of the affluent than of those with less money, but this difference is shrinking over time. In addition, few small business owners are wealthy, but those that are account for a sizable chunk of the personal income tax paid in this country.
Facts About Small Business Taxpayers
View full post on Small Business News, Tips, Advice – Small Business Trends
Social Media Statistics & Facts 2010
Sep 7th
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This video was put together to showcase social media & emphasise some of what the Institute is doing to engage with current and… |
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YouTube – Business Marketing Facts – Change is coming like it or not
Jul 30th
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Areas covered, Social Media, The Internet and Marketing. “We build Lead Generation Machines for Businesses that work. If you do not see a tangible… |
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Three Facts You Never Would Have Guessed About Online Marketing
Jul 7th
| Internet users do prefer targeted online ads. However the right context is necessary – they will likely opt for targeted advertising when asked to… |
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