What Are The Common Marketplace Indices?

Investing is a great thing and a very useful skill to possess.

If you’re lucky, you can make thousands of dollars in a matter of years.

In order for that to happen, you need lots of knowledge and experience and obtaining it is well worthwhile.

Hence, the more you know, the more apt you’ll be in understanding the world of investment, even if there are facets of it that you never plan on exploring.

Likewise, understanding who the various indices are and how they work will enable you to make more informed decisions when applying your skills in the stock market.

First of all, you need to know what an index is. An index represent the measurement of the true worth of a sector within the stock market.

It is calculated from the prices of selected stocks, or more accurately termed as a weighted average.

Used by financial managers and investors, an index serves as a description of the market as a whole.

It also compare the returns on selected investments.

But how is it used in investing?


  • Provides a quick snapshot of equity market activity.
  • Is a useful performance benchmark for investors.
  • Forms the underlining for many derivatives contracts.

A second vital term to understand is market capitalization or market cap for short.

It refers to the total value of all the company’s shares.

Investors use market cap to measure the size of a business and its worth.

Market cap equals the total number of outstanding shares of a company multiplied by its market value.

This lets investors know how much the company’s shares are worth on the open market.

For example, if the ABC Corp had 100,000 outstanding shares priced at $10 apiece, it’s market cap would be $1,000,000.

Here is the list of the most common marketplace indices:Common Marketplace Indices

  1. Dow Jones
  2. S&P 500
  3. FTSE 100
  4. NYSE

1. Dow Jones

Dow Jones is a stock index company that tracks financial information and publishes it to the Wall Street Journal.

It is often termed as a barometer of the US stock market, but it only tracks 30 stocks within the entire country.

– The Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA) is a stock market index made up of 30 American companies that have been around for a long time It can be thought of as a snapshot of how the US market is performing in a given day.

The DJIA is shown on a second by second basis throughout each day that the market is open: 9:30 am to 4:00 pm eastern time.

There is a double-digit number that represents the DIJA on a slow day and a triple-digit number on a regular or active day.

It is presented in green when it goes up and red when it goes down.

2. S&P 500

The S&P 500 is a stock or index created by a firm known as Standard & Poors.

It is also termed as a market index that represents a composition of 500 different US stocks which were selected by analysts and economists employed by this firm.

These 500 stocks are the most watched stocks in the entire US market.

The S&P 500’s index committee strives to include the 500 most followed US companies in its index.

This selection changes overtime since the analysts and economists want only the top 500 to be included.

If a company within the index loses its worth or desirable, it is simply replaced with one that is worthy of investing in.

Keep in mind that businesses are not swapped out often.

For example, if a particular entity files for bankruptcy, it will then be replaced with a financially sound company.

This index merely represents the US stock market as a whole.

On the other hand, the DJIA is composed of only 30 entities.

Since this is true, the S&P 500 has more exposure to the stock market, it paints a more accurate picture US stocks in general.

Hence, the performance of mutual fund managers, well-known investors, or investment records in their entirety is always compared to the S&P 500.

Mutual funds portfolios then compare their results with this market index.

It is known that 75% of mutual funds fail to beat the results of the S&P 500.

3. FTSE 100

The FTSE 100 (short for Financial Times Stock Exchange) is an index which measures the top 101 Britain companies tracked every 15 seconds on the London Stock Exchange (LSE).

Why are there 101 stocks?

This is because Shell is listed twice: as Shell ROSA and ROSB.

During its inception in 1984, the market capitalization (the cost of all the shares added up) of the UK’s top 100 companies was converted into 1,000 points or £100 billion.

The FTSE 250 measures the next 250 companies immediately below the top 100 and the FTSE 350 equals the FTSE 100 and FTSE 250 combined.

To break it down, the FTSE contains oil and mining companies, the banking system, consumer goods, and technology.

Examples of entities included in the FTSE are:

  • Royal Dutch Shell, BP
  • Lloyds, HSBC, Barclays, Standard Chartered, RBS
  • Imperial Tobacco and British American Tobacco
  • Tesco, Morrison’s, Sainsbury, M&S

The FTSE is calculated by taking the free float market cap and dividing it by the index divisor.

The free float market cap represents the sum of the value of publicly traded shares.


The NYSE (New York Stock Exchange) is a stock exchange entity located in New York City.

Globally, it is the biggest equities-based exchange derived from the market cap of its listed securities.

Up to 2005, it was a privately run institution.

That year it acquired the Archipelago electronic trading exchange.

For many decades, the NYSE was limited to floor trading only as a stock auctioning site.

Presently, most NYSE trade are done electronically even though floor traders are needed to establish pricing and work in high volume institutional trading.

Public trading can be done at its physical location, Monday through Friday from 9:30 am to 4:00 pm.

Likewise, it is not open on major holidays and may close early on rare occasions.


NASDAQ (the National Association of Security Dealers Automated Quotations) is an index that was created to enable dealers to post their quotes electronically.

Today, it is the main competitor to the NYSE.

It was established to increase the trading of over-the-counter stocks that did not meet the requirements of to have these stocks listed on larger indices as the NYSE.

Before NASDAQ, such stocks were traded mainly over the phone and because information pertaining to the stock had to be obtained from a dealer who specialized in the stock, it was difficult for the public to trade these stocks.

It was founded in 1971 to streamline trading to the entire investing market.

This new market achieved instant success and in 1975, the NASDAQ released its own set of trading requirements merely to segregate larger companies from smaller ones that have been traded over-the-counter up to then.


The NASDAQ aimed to have its index able to compete with larger indices as the NYSE.

While the NYSE is still the largest stock exchange to in market capitalization, the success of the NASDAQ all electronic model has allowed it grow to be the exchange in trading volume.

– The NASDAQ Versus the NYSE

Again, the NASDAQ and the NYSE are two leading competitors in the stock exchange market.

However, there are major differences between the two organizations:

  • While the NYSE has a physical location (in New York City) the NASDAQ does not.
  • One does quoting entirely different from the other. While the NYSE is a public auction type site where attendees trade stocks with one-another, the NASDAQ is a dealer market where buyers and seller trade with a market maker. A market maker is one who works at a registered broker dealer and promotes trading by posting a price in the market that they’re willing to make a trade in, known as the bid price as well as the price they’re willing to sell at, known as the author price.
  • The NYSE uses specialists while the NASDAQ uses market makers. The difference between the two that the specialists aims to match existing buy and sell orders in an orderly manner where they strive to create a market by posting their own buy and sell orders. Market makers compete for your order and by doing so, this helps keep transaction costs down.

In Summary:

So now you have a brief description of the five major trading indexes and how they work.

Again they are the:

  • S&P 500
  • Dow Jones
  • FTSE 100
  • NYSE

An index is a group of selected stocks whose averaged out values give a snapshot of how well the investment market is doing.

The market cap is a number that represents a company’s true market value.

These are handy aids when it comes to choosing stocks.

Understanding indexes is vital when making trades in the marketplace.

To become even more well-versed in investing, you may want to learn more about each index.

The more you know about them, the better investment decisions you can make down the road.

The Best Online Work from Home Jobs in Canada

If you analyze the scope and opportunity of various markets and countries, you would realize that the genres for work from home remain pretty much similar across the world.

Invariably, these are the kinds of jobs that can be done remotely, predominantly using a computer and internet.

Additionally, these work from home jobs deal with services that you can easily provide from your home.

The situation in Canada is no different. Most of the Canadian online jobs from home deal with different types of content creation and account keeping services.

There are also the jobs of transcription, translation, caregiver and related services.

Of course, the geography and demands of a specific area have some bearing on the work opportunities and the situation in Canada is no different.

Best Home Jobs in CanadaA close study of the Canadian working scenario would reveal that while the broad majority of online work from home jobs in Canada, is similar to what you would find across the world, there are some unique offerings that cater to specific needs of the country.

Of course, a lot also depends on the individual’s necessities and the kind of money they need every month.

In fact, the economic and the political situation of a country also impacts the kind of work from home jobs that gain popularity.

Also, the socio-economic dynamics of a region has a direct bearing on the availability of the online jobs from home.

For example, Canada has a much larger internet penetration as compared to Vietnam, so the options of work from home using the same would be relatively higher there.

Keeping all these factors in mind, here is a lowdown on some of the top work from home jobs in Canada.

Online Work from Home Jobs in Canada

Here is the list of the work from home jobs that Canadians can do:

  1. Psychic Reader
  2. Home-Based Customer Service
  3. Translators
  4. Software Developer
  5. Bloggers
  6. Recruitments
  7. Fiverr
  8. Evaluate Search Engines

1. Psychic Reader

Perhaps this is a rather unconventional work from home job, but in Canada, you would see a considerable demand for this career.

You can easily earn money sitting at home being a psychic reader.

You could be born with these psychic skills, or you could even develop them as an alternate career.

Whether you offer psychic help over telephonic chats or offer face to face interactions, this is one of those work from home jobs that can be extremely flexible and you can easily adjust around your regular schedule.

You could even write a column in a weekly magazine or even make a TV appearance depending on the opportunity you get.

To make a more holistic approach, you could even combine the psychic skills with other forms of healing and further widen the horizon of your reach.

There are many companies that hire these psychic readers on a full time or part time basis.

But be careful about the firm you join.

Don’t be scared to ask questions and probe deeper depending on the situation.

You cannot just earn money being a psychic reader, but also there is always a sense of well-being that is associated with it.

That can be essentially rewarding and can be extremely satisfying as a work from home job.

2. Home-Based Customer Service

One of the most common online work from home jobs in Canada is that of a home based customer service agent.

Applying for these jobs can be rather simple, and the overall application process takes around 2 weeks.

Whether you take an hourly rate or a flat monthly rate grossing for close to 6 hours every day, this can be extremely lucrative work from home job.

Given the demographic layout across Canada, often the home based customer service agent can be a company’s best bet to reach out to people scattered in remote corners of the country.

For a potential employee aspiring to work from home, this is a golden opportunity to make a comfortable living without having to invest in a large amount of resource.

A simple laptop/computer along with internet connection and a speaker is more than sufficient to establish yourself.

Normally, there are many legitimate sites with appropriate job postings that you could apply through.

The overall procedure is not very time consuming, and fluency in the language is by far one of the most important prerequisites.

3. Translators

When we are discussing Canadian online jobs from home, it is hard not to talk about the unique language challenges that the country poses.

It has more than two languages that are spoken by the citizens.

If you are a business person who wants to reach the maximum number of people, you would inevitably require some excellent translators.

As an aspiring work from home enthusiast with knowledge of multiple languages, this can be a boon for you.

As a translator, whether you need to connect to people directly or distribute translated stuff, it is never too difficult to do these from home.

No wonder the translator’s job figures so prominently in the online work from home jobs in Canada.

If you are especially proficient in French and English, you can make a great career without moving anywhere more than your bedroom and living room.

The best part of this job offering is that you can get legitimate listings online from a whole host of websites.

This makes it very convenient as individuals do not have to go about confirming the authenticity of the job provider.

However, it is always a good idea to undertake some bit of background check.

4. Software Developer

This is another top contender in the list of online work from home jobs in Canada.

Essentially most times, firms do not mind software developers who work from home as long as the work gets delivered on schedule.

Telecommuting is very convenient for software developers as it enables them to focus completely on their work without adding the hassle of transportation.

Also, this type of work from home jobs ensures that you can channelize your energy on multiple projects at the same time.

Additionally, software developers are very well paid, and that makes this a rather lucrative proposition if you are keen about quitting your conventional office work.

With the rising demand for various software applications on phones and computers, the demand for developers is pointing northwards.

As a result, a lot of people are now looking at this work from home job.

Of course, the challenge in this job is that you have to stay continuously updated.

Also concentrating when you are working at home could be a challenge and you need to institutionalize a system to get around that.

But with a little practice and self-discipline, you can easily work out the system.

5. Bloggers

If you are a freelance writer or a blogger, then your chances in the list of Canadian online jobs from home is quite promising.

There are many families, individuals and businesses that hire these professional bloggers to create content on their behalf and even post it online.

These freelance writers take advantage of their knack for creating great content and generating original write-ups.

If you undertake any random check, many websites list potential work from home jobs requiring this type of content.

The interesting part is that running a legitimacy test for these kinds of job offerings is not too difficult.

Invariably the chances of potential scam are fairly limited, and the number of legitimate postings is a lot higher.

Moreover, if you have the knack for writing, you might be convinced about taking up this work from home job in Canada.

It allows you to maintain flexible timing, cuts down the hassle of traveling for work and helps you to pursue a career that you are passionate about.

Let’s face it; most freelance writers are very passionate about their writing and are generally quite committed towards their work.

For many who do not possess this gift, this is the best shot at getting quality creative content at a fair price plus their name credit.

6. Recruitments

A career as an HR recruiter is another popular Canadian online jobs from home.

A quick search of the various job listing sites across Canada will easily confirm how popular a work from home job option it is for you.

So if you are planning to continue staying in Canada but not too sure of giving up the comfort of waking up at 9 am on Monday morning, this can be a great alternative for you.

The job profile of an HR recruiter is such that it is never too difficult to follow up at home and they can easily give the regular office schedule a miss.

For those who prefer it, there could also be a convenient mix of home-office schedule, and you could even look at part-time fixtures as well.

However, when you decide on taking up a specific job offer, it is very important that you conduct a proper background check.

While the pay is quite generous for HR recruiters, there often is a chance of a potential scam being underway in the background.

7. Fiverr

Not just in Canada, Fiverr, is a popular online work from home jobs alternative for many across the world.

The module of operation is quite simple.

It is pretty much a marketplace with a global presence and lets you take up micro jobs for a price.

It could be as low as $5, and the upside could be as high as the job deserves.

The ease of landing up with the task, completing it and then getting paid is so simple that it makes it a very convenient work from home job.

This also means that even if you do not stay in Canada, you can take advantage of a specific work from home job listing there.

Moreover, even for those who are in Canada, Fiverr gives them the opportunity to take up jobs from elsewhere in the world.

This means that wherever you might be, you are never too far away from a job that pays you and a job that does not need you to have too much skill or experience.

The biggest advantage of doing business with Fiverr is of course, despite choosing a work from home job, checking on the legitimacy of these job postings is relatively simpler.

This reduces the chances of your getting tricked or you getting involved in a potential scam.

But that does not mean that you get into any kind of professional association without the requisite background check.

It is always appropriate to probe the basic details of the business and check for client feedback or customer testimonials if any.

These type of feedback always helps you become more sure about the kind of firm or individual you might be working with eventually.

Therefore Fiverr allows you to create the crucial social network connect that is so important to make a successful career working from home.

8. Evaluate Search Engines

One extremely interesting and a rather unique online work from home jobs in Canada could be that of evaluating search engines.

Did you know that many companies pay you to evaluate a wide range of search engines at regular intervals?

Of course, there would be a set of evaluation tests and certifications that you must pass before you take up this job.

You have the option to choose this job via online listing or newspaper/online ads.

Apart from open positions in Canada, there are also several other countries you could get a scope to work in.

These include Unites State, Norway, Denmark, Belgium and the like. The bottom line is the pay is good; you get international exposure despite working from home.

The overall pay is close to $50-$200 per hour, and on an average, you can put in 5-6 hours a day.

Now, it will leave you to compute the rest of the maths to get a realistic idea of how much you can earn in a month.

Moreover, you do not necessarily need to be a Canadian citizen to bag this type of online work from home job as long as you meet the criterion.


In simple terms, work from home jobs in Canada is pretty much similar to what you see across the world.

They are all about flexible timing, easy schedules and dignified way to take up an alternate career even though you work from home.

Most of these Canadian online jobs from home highlight the unique demographic advantages and challenges Canada represents.

They highlight the Canadian fetish for high living and hardworking lifestyle.

Most of the online work from home jobs in Canada also bring out the advantages that they enjoy as a result of a sustainable and improved internet access and advanced computer expertise.

11 Ways to Make Money Podcasting

Let’s say you have mastered the art of podcasting.

You have invested in the right set of instruments for the podcast, narrowed down on your content appropriately and have also managed to garner a set of die-hard followers who are hooked to your podcasts now and look forward to it.

As an able podcaster, your next question is undoubtedly what now?

How can you make money via podcasting?

11 Ways to Make Money Podcasting

Well, here is a quick lowdown on making money with podcasts.

They will help you to understand how to make money podcasting and also how you can use them as an effective medium to promote your business:

  1. Garnering Sponsorship
  2. Undertaking Virtual Summits
  3. Affiliate Marketing
  4. The Magic of Networking
  5. Ways to Push Your Product
  6. Patreon
  7. Coaching
  8. Create Audio Books
  9. Drum Up Crowdfunding
  10. Don’t Be Shy to Ask for Donation
  11. Creating Novel Apps

1. Garnering Sponsorship

Garnering Sponsorship

The revenue dynamics of podcasting is pretty similar to that of any other audio-visual medium.

Just like you need a loyal set of readers for your blogs, the podcasts also need a set number of followers.

Once you get the popularity quotient right, most popular podcasts can help you make large sums of money every day.

Given the growing popularity of the podcasting trends, you now have a relatively large bevy of brands who are ready to sponsor.

The podcasts which are popular and have a reasonable following can make rather significant gains through these sponsorships.

In fact, we are talking of sponsorships close to Super Bowl ads.

With 21% of Americans above the age of 12 hooked to podcasting, it is now fast becoming a depending model to make money.

The numbers do not just indicate the rising popularity of podcasts but also the heightened buying power of these listeners.

  1. The household income of nearly 22% podcast listeners is above $100,000.
  2. At least 60% of those listening to podcasting have either promoted a show or bought something that was promoted during the podcast.

Though sponsoring podcasts is fast emerging as a highly lucrative proposition, you need to be careful about certain pre-conditions to garner maximum value.

They don’t just help you negotiate better rates but also enhances your reputation as a podcaster.

1. You must make sure that all that you podcast is extremely engaging and people enjoy listening to it.

This is important not just for getting sponsors but also creating a loyal base of listeners who would keep looking for more podcasts from you.

2. You must pay careful attention to the overall content and the production quality of the podcasts that you upload.

3. Moreover, poor audio quality can severely impact the branding potential of any specific content that you might be trying to garner sponsors for.

4. Sponsoring for not just podcasting but for any type of audio visual products needs a close reference to actual numbers.

In many ways, these numbers are the real indicators of actual demand and the kind of viewership they command.

This is crucial data that determines the actual sponsorship that you ca hope to earn.

5. Also, as an efficient and experienced podcaster, it is very important to know your audience well and make sure that you are able to dish out products that appeal to the listeners and help you make money simultaneously.

2. Undertaking Virtual Summits

Undertaking Virtual Summits

Your queries about how to make money with podcasts has an easy answer.

You can liken it to any other audio visual initiative that you can think of and then use the same principles for podcasting.

This is exactly how hosting virtual summits can be such an interesting option to explore.

So what exactly is meant by virtual summits and how can you make money podcasting through this?

Well in the simplest of terms, virtual summit refers to any interview that involves a lot of experts, even 20+ industry veterans at certain times.

The concept that it works upon is viewers drop in at the point of time during the course of this discussion.

The content of this kind of podcasting is generally free for at least the first 24-48 hours.

But if the viewers have missed this window, they would have to buy the content or rather an all-access card that allows them to catch up on all the episodes that they might have missed.

You have to be careful about the choice of the subject and the quality of experts that you rope in for this podcasting.

Remember that mere 20 people talking with viewers chipping in between won’t get you the desired number of eyeballs that you would be targeting.

The choice of subject and the people speaking often set the tone for the podcast and thereby, help you get the right kind of followers and revenue along with it.

If you can host a sufficient number of these podcasts successfully, you can then make this a successful revenue model.

Apart from the real time list of people who would be buying these podcasts, you can also rustle up a list of email subscribers who are ready to buy these podcasts.

That aside, the brand that you create through this exercise also helps you make money.

3. Affiliate Marketing

Affiliate Marketing

The secret of how to make money with podcasts is not very different from other audiovisual media.

Therefore, it is but obvious that affiliate marketing also figures in the list of things that you can do to make money from podcasting.

Basically, affiliate marketing programs help you make money by promoting their products and services through your podcasts.

In case you are wondering how you can sell products to your listeners, the company normally provides you with specific links or codes that aid selling of the products.

For every product that gets sold through these links or codes, you earn a commission.

The exact rate and range of commission will undoubtedly depend on the affiliate marketing company and the number of their products that you are able to retail in all.

The choice of company for the affiliate marketing program becomes a key game-changer in terms of how much money you can make.

For example, if you decide to go ahead with Amazon, you have the potential to earn commission anywhere between 4-15%.

Of course, this depends on the total products that are actually shipped in a month.

This is exactly why it becomes very important to choose the right set of products.

There are two ways of identifying the right set of products.

You can choose options that match with the theme of your podcasting, or you can decide on the kind of products that your followers or listeners would like or have an interest in.

Also when you are promoting products through the podcasting, it is very important to maintain complete transparency and not take your listeners for a ride.

That is exactly why you also need to promote only those types of products that you believe in. It is unfair to mislead your listeners who are attaching great value to every syllable that you utter.

Wrong selection of products from the affiliate marketing initiatives does not just hinder the ways to make money; it also impacts your reputation.

After a bad experience with the product, your listeners could also raise a question mark about the overall quality and content of your podcasts.

That would surely impact the overall monetization plan.

4. The Magic of Networking

The Magic of Networking

Have you noticed that some podcasts are invariably always better that what the peers bring forth?

They would have great quality, superior selection of guests and an engaging debate almost every time.

While superior knowledge is one aspect of the whole thing, there are many different elements associated as well.

One of the primary catalysts of how to make money podcasting would be to further your networking initiatives.

Don’t be shy to tap the possibilities offered by every single member of your network.

The more you keep probing, the better are the chances of getting some real good voices and meaty content enhancing the quality of your podcast.

The kind of content that you put forth has very little relevance in terms of nurturing a strong network.

Don’t think that if you do not put interview based content, you don’t need to pursue networking actively.

In fact, networking can be real handy in terms of helping you to market your product, take your podcast to a relatively larger number of audience base and provide a lot more followers.

The strategy for networking also needs to be carefully chalked out.

Your guest list should not just have A-listers.

While there is nothing wrong with concentrating more on A-listers, it might not be strategic all the time.

That is exactly the key to helping you make money podcasting.

Strategy is one of the primary prerogatives that you must concentrate on.

You have to curate a guest list in a way that attracts the maximum number of listeners, and that is when you gain from the podcast.

Additionally, you should not just focus on creating an influential guest list.

It is very important that the person you liaison with also brings forth some basic business opportunity for you.

For example, if you are networking with a group of enthusiasts who are passionate about the topic that your podcast is about, they can often help you gain a lot more publicity than many big names in the industry.

They will listen to your podcast; talk to ten other people and who knows what business opportunity can suddenly click from these initiatives.

5. Ways to Push Your Products

Podcasting to Push Your Products

While affiliate marketing is one way to make money via podcasting, there is another way to monetize your podcasts.

So before you run around looking for the right options to take forth your affiliate marketing dreams, another simple option would be to promote products that you easily have access to and won’t cost much either.

For example, your sister sells decoupage items and spends a fortune promoting them.

Why don’t you strike a deal at mutually convenient terms and start promoting her products through your podcast?

There can be a cross promotion as well, where your sister includes links to your podcast and you promote hers.

As a podcaster, it is extremely important to understand the kind of listeners that you have and the product profile that would get you the moolah.

For example, you might be podcasting on gaming.

So it is needless to mention that you would have a significant number of listeners who are youngsters and belong to the trendy-funky Gen Y.

Therefore though you are not a fashion specialist or talk about fashion, you can promote trendy apparels through affiliate marketing tie-up.

While you might not be a fashionista, you have identified just the right pulse of the majority of listeners.

As a result, they would then relate a lot better to the type of products that suit their likings.

So, on the same lines, if you promote a great new bakery or stuff for newborns through your podcasts about fashion, it will be able to target the right type of listeners and help you make significant money.

The logic is fashion is invariably followed by women at large and at least 50% of these women would be new mothers or know people who are new mothers.

As a result, they have genuine requirement of these products.

Therefore they are more likely to buy these products and help you make money podcasting.

In short, you have to understand how to convert our podcast into an effective marketing tool and go all out to try and make the desired difference.

In this context, do not be stuck with names and brands.

Depending on the demand, kind of alternatives available, it does not harm to liaison with your neighbor and not a hot shot brand that wasn’t, if the prospect to make money look relatively strong.

The core idea should be maximum publicity for your podcast and strong response to the brands that you are promoting.

Remember the whole theme of your marketing initiative is how to make money podcasting.

6. Patreon


Whatever revenue model that we explored thus far for monetizing your podcasting, is all extremely unstructured.

There is no regular stream of income flow.

There would be times when you get a lot of money flow and then complete dry spells.

So then the question that comes is how to make money with podcasts on a sustainable basis.

This is important because the only way a podcast would be sustainable over the longer-term is via monetizing its content in a systematic manner.

Perhaps one of the easiest options to maintain a regular flow of income via podcasting would be to decide to podcast on Patreon.

This a profitable proposition because Patreon allows its podcasters to receive income on a regular basis.

You can choose a payment scheme that suits you best.

It can be either on a per month basis or on every podcast that you put out on air.

This works equally well for beginners and veterans in the podcasting world.

So it is no more stress about how much revenue you can collect from sponsorships or ads or sales.

By their nature, they can fluctuate anytime but Patreon helps you make money without too much of a problem, and you can focus a lot more on enhancing the quality of products that you are podcasting.

Another big advantage of going the Patreon way is that it enables every podcaster an opportunity to connect with their devoted listeners on a one on one basis.

In the journey towards identifying how to make money podcasting, these interactions can prove to be major game changes with the potential to convert occasional listeners to hardcore followers.

So without any additional work, you are able to regularly interact with the listeners, understand their preferences and even tweak the content of your podcast accordingly to accommodate these additions.

This Patreon platform has, of course, many similarities with that of the YouTube model.

However, given the fact that podcasting is a continuous affair, the one-time funding alternative does not work very effectively.

In comparison, the Patreon model provides a steady source of regular income.

Given the relative wide range of listeners that Patreon commands, even a few bucks for each podcast a month can aggregate to a rather large sum on an annualized basis.

Reports indicate that there are some podcasts that have garnered close to $5000-7000 a month on Patreon even on the basis of few bucks that every listener chips in.

7. Coaching

Coaching Through Podcasting

One of the fundamental lessons in how to make money podcasting is that you need a steady flow of listeners who can be turned into subscribers essentially.

This is particularly useful when you are in the coaching business and want to market your offerings through coaching.

It will be useful for the listeners as they can save considerable time coming and going to your coaching center.

Moreover, podcasting is one unique product that you can hear while on the go and can gain significantly.

Moreover, this enables all those people who stay far away to also take advantage of your coaching.

However, one important aspect of this entire game plan is that the way you promote your coaching endeavors through podcasting often holds the key to most sustainable promotional exercises.

Well in this context, I feel you must adopt the movies’ structure.

Think about how movies make money through their publicity campaigns.

You can pretty much use the same concept with your podcasting too.

Just like a movie trailer, create a short gripping podcast trailer and also promise a free 30-minute session.

You can use this kind of promotion to get your listeners hooked and then turn into subscribers eventually.

The higher the number of subscribers, you can make money faster via podcasting.

You can also throw in a free consultation session for all those who turn subscribers listening to your podcasting.

This will no doubt add another layer of credibility and goodwill and help listeners add to your revenue model.

8. Create Audio Books

Create Audio Books

The general progression from coaching is to books using podcasting.

You are spending a lot of time and energy into creating quality content for your podcasts whether it is about business, commerce, mathematics, IT or even general advice about life and wellness.

This is your opportunity to turn this precious content into a saleable format and make money through it.

You already have understood the quality of content is appreciated, and there is a sufficient number of willing listeners who subscribe to it, all you need to do now is take it to the next level.

Take in all your creative instincts and put them to use creating audio books.

In effect, you are not doing anything extra.

You simply need to collate all the available podcasts done thus far, and then you relocate them into an audio book format.

You can then sell them as a single unit or even look to sell it on a part by part basis.

This will entirely depend on the demand cycle and the model that yields maximum gains for you.

For those who are little more resourceful like Jon Nastor, you can also convert this into a printed book format either.

You can then promote the book using the same podcasts as well.

In this way, you can create a self-sufficient module of both creating content and then monetizing and promoting it.

Surprisingly, all of it is being done using the same set of podcasting that you created initially.

9. Drum up Crowdfunding Through Podcasting

Drum up Crowdfunding Through Podcasting

Sourcing funds through podcasting is one of the biggest ways to make money.

But the biggest problem in this context is the approach for drumming up the funds.

Take a look at how the subscription model works on a platform like Patreon, a few bucks every month hurts nobody but what it helps you achieve is a sustainable channel for continuous revenue flow.

Well, this is what can lead to crowdfunding, as a means to make money via podcasting.

Just like you saw in the case of Patreon, the community of listeners chips in with small amounts and pledges.

When aggregated, this eventually allows you to create a pretty dependable kitty that allows you to take forwards these podcasts further.

Successful crowdfunding is all about creating consciousness amongst the listener community and then making them party to the entire cause.

In this way, you turn your podcasts as a common platform or level playing field.

It brings together people with similar beliefs across the world in a sustained manner and helps you to understand how to make money with podcasts.

In case you are planning to create audio books or full-fledged publication, these crowdfunding initiatives can be rather handy and help you provide the much-required resource to help you move forward.

10. Don’t Be Shy to Ask for Donation

Don't Be Shy to Ask for Donation

Creating a podcast is a rather expensive affair.

You have to organize the fund to hire a studio, instruments for recording, spend time researching and creating an appropriate content.

Plus the idea is to eventually turn it into a source of income and make money in the process.

In this context, you can easily ask for a donation pledge from your regular listeners.

There is no reason you need to be shy about it.

If your content is impressive and there is still time for the number of subscribers to reach satisfying levels, you can still go ahead and raise funds through donation.

Of course, you must remember this kind of method cannot be a permanent way to make money.

This is only a stop-gap measure to tide past a tough phase in your podcasting journey.

After all, it is almost like begging, and you won’t be too happy asking for donations all the time.

Also, this can impact the number of listeners that you might have for your podcasting episodes.

After all, people might easily get irritated by a constant plea for donations.

11. Creating Novel Apps

Creating Novel Apps

In the journey towards how to make money podcasting, there is never any dearth of opportunities to capitalize on.

So if you have quality podcast content and a reasonable subscriber base to bank upon, you can also look at devising unique models to make money.

It could be anything from making it an app for android or iOS devices to something that is offered as a free offering along with other products as well.

The idea is to get the maximum number of people willing to pay the price for the product that you have on offer.

So, Podcasting Makes Money

Podcasting Makes Money

When you are looking at ways to make money using podcasting, there are many alternatives that you could explore.

The overall idea is to generate funds capitalizing on the willing listeners to your podcast.

However, the secret of how to make money podcasting is closely linked to the choice of topic that you might have in mind.

If you want to make money as a podcaster, you have to look at identifying the most gripping topics that can generate the largest number of subscribers.

It should also have the potential to start a debate and involve the listener community into the whole discussion module.

Effective networking is another important tool for generating funds through podcasting.

From creating an A-list of guest speakers to being able to spread the word about your podcasts, your connections can go a long way in helping you create a sustainable revenue model.

Moreover, you must maintain continuous connect with your listeners.

As a seasoned podcaster, this often creates the most reliable tool to improve the quality of your content going forward.

How to Start a Hedge Fund

If you have significantly long experience in the financial market, perhaps it is time you considered how to start a hedge fund.

Do you look forward to the thrill of investing in financial markets; does the jingle of profit make you dizzy with happiness?

Then I am sure starting a hedge fund will help you combine your passion with a viable business opportunity.

How to Start a Hedge FundStarting a hedge fund is as much about creating a profitable proposition for your investors as it is about creating a phenomenal investment channel satisfying your need to start your unique financial solution.

Steps to Start a Hedge Fund

Here is the list of the steps you have to complete to start your own hedge fund company:

  1. Capital Is Primary for Starting a Hedge Fund
  2. Understand the Basics of Starting a Hedge Fund
  3. How Are Hedge Funds Different from Mutual Funds
  4. Selecting the Right Strategy Important While Starting a Hedge Fund
  5. Decide on the Fund Type
  6. Create a Team of Advisors
  7. Create a Fund Name
  8. Apply for the Tax ID
  9. Register Company as Investment Advisor
  10. Creating Corporate Bylaws
  11. Creating the Offer Document
  12. Promoting the Hedge Fund

1. Capital Is Primary for Starting a Hedge Fund

Starting a hedge fund is a multi-pronged process.

You will need to start your own fund, register it and then take it forward as a private investment.

Securing the required amount of capital is often the first step in how to start your own hedge fund.

You must remember that if you are not able to arrange for the adequate amount of fund, the other steps don’t matter at all. Incidentally, arranging for funds is rather tricky and often new funds find maximum resistance at this level.

I must mention that experience here does not count too much.

Even if you are a very experienced and seasoned fund manager with a consistent track record of success, starting a hedge fund is never easy.

You have to make sure that you are able to convince people to do business with you.

Therefore securing capital is one of the biggest uncertainties as you explore how to start your own hedge fund.

It is almost like the ignition of your car.

It doesn’t matter how fancy a car you have if you are not able to switch it on and drive it around.

In many ways, the starting capital provides that crucial ignition for starting a hedge fund.

If you are not able to manage this, the hedge fund can fall apart like a pack of cards.

The starting capital often creates a gateway to success for you.

Not only does it open up several channels of communication, but it also provides the fundamental push to take the hedge fund forward.

In many ways, it is the foundation stone for a sustainable business model and helps you understand how to start a hedge fund.

With the right capital in hand, you will get the confidence for starting a hedge fund and take forward your consistency and proven track record as a fund manager.

Though hedge funds have seen significant negative publicity in recent times after the recent collapse in the financial markets, they are still an exceptionally profitable proposition.

Remember that there is never a dearth of investors looking to expand their profit margins, net worth and overall investment kitty.

That, in many ways, becomes your chance to capitalize upon and take steps towards starting a hedge fund.

While there is never any dearth of opportunities, you have to explore the options about how to start a hedge fund to match this demand.

But you have to understand that before anything, you must make sure that you have the requisite capital in place.

2. Understand the Basics of How to Start a Hedge Fund

Once you have the capital in place, the next step towards starting a hedge fund is undeniably learning the basics of business.

You could be a great fund manager, but at the same time, managing your own hedge fund can be an entirely different ball.

Hedge fund is essentially a pool of money that uses a combination of multiple strategies to generate above average market returns.

It helps investors to both create returns and manage risk simultaneously.

But you must remember when you are starting a hedge fund that only accredited investors can invest large sums of money in it, anywhere above $1 million.

As you all know, hedge fund originates from the word, hedging the risk.

This essentially means reducing the risk exposure of a given investment.

The diversified investment is so designed that the downward risk in the price movement does not materially impact the overall returns from the given fund.

In fact, to achieve these gains, hedge funds at times use a complicated range of strategies that protect the downside and also maximize the overall return prospects.

So when you are looking out for information on how to start a hedge fund, various elements of the investment using stocks, currencies and economic trends need to be taken into consideration.

It does not just diversify the overall investment, but in many ways, it helps you to lock the extent of returns that you would like to preserve.

3. How Are Hedge Funds Different from Mutual Funds

As you prepare the fundamentals of how to start your own hedge fund, you have to pay careful attention to the differences between the various mutual funds and the hedge fund that you are creating.

So how exactly is your hedge fund different from the various mutual funds that are already available?

Most importantly, hedge funds are managed and invested in by a more sophisticated set of investors.

That means that while both mutual funds and hedge funds are pools of money that are managed by different fund managers, you have to understand that relatively deep-pocketed and more serious and suave money market players invest in hedge funds.

Unlike mutual funds, hedge funds are never regulated as closely by the SEC.

They, as a result, can, therefore, invest in a lot more diverse investment opportunities.

The relative risk profile is also far greater in the case of hedge funds.

The relative leverage in hedge funds is also significantly higher.

There are more options like short selling and long-short equity combinations to reduce the relative downside in the market.

While mutual funds are registered publicly and are approved by the SEC, the Hedge Funds are generally funded through the private placement route.

With the overall net worth of most hedge funds well over $1 million, the relative return scope is also much higher.

Compared to Mutual Funds, Hedge funds are significantly more illiquid in comparison.

They are typically locked in for a relatively longer period of time.

Another significant difference that you must keep in when you are starting a hedge fund, is the compensation level.

In fact, the level of compensation for Mutual Fund managers is very different from hedge fund managers.

Typically hedge fund managers receive compensation in 2-20 ratio.

This comprises 2% of the total assets as well as 20% of the profit percentage.

4. Selecting the Right Strategy Important While Starting a Hedge Fund

While looking at the various aspects of how to start a hedge fund, it becomes immensely important to select the right strategy.

Hedge Fund managers are primarily famous for the kind of returns that they can help their investors earn.

It is needless to mention that these returns are directly proportional to the success of the strategy that they can implement.

When a hedge fund manager with a track record of continuous success and relatively strong gains plans on starting a hedge fund, the relative response to it will be significantly higher.

Investors are fairly sure about the kind of returns that they can hope to earn if a specific person is selecting the investment strategy.

So when you are trying to understand how to start a hedge fund, here is a list of some of the best known and most common strategies that you can look at implementing:

– Neutral Strategy

As the name suggests, this is a strategy that helps you keep a neutral bias in the market.

This is a rather popular strategy.

In this, you buy a certain set of investment options that are likely to go up.

Now you offset the impact of this by consciously short-selling the market.

Now let’s say that the gains from the investment that was supposed to go up fared a lot better than the portion that you short sold.

The direct result would be that on an overall basis the fund would be in the money.

For investors who are worried about market crashes, this would come out to be a rather interesting strategy that can keep their gains assured over a sustained period.

– Hedged Equity Strategy

In essence, this strategy too has similarities to the above-mentioned market neutral strategy.

However, in this case, the entire portfolio is not shorted.

The shorting happens only on a select portion.

The direct advantage of this is if there was a collapse in the market at any point, the investor’s downside remains protected.

At the same time, every gain in the market would significantly add to the gains in the portfolio.

In other words, this is a strategy where you gain more when the market rises, but your loss in case of a collapse is somewhat limited.

– Global Macro

As the name suggests, this strategy is closely linked to the macro factors affecting global markets.

This is a rather effective strategy for fund managers who have a deep understanding of the various global factors, the economic parameters and top trends prevalent on a global basis.

The trick that they use to make money depends entirely on how they can read global developments.

They spread out and invest the fund in a specific manner depending on how the global events would unfold in a specific case or for a specific country.

So the essential gains or losses of the fund are dependent on the actual criterion or circumstances that unfold in the global perspective.

– Undertaking the Legal Proceedings

Deciding on how to start your own hedge fund involves a lot of other formalities as well.

Once you are through with the basic conceptualization and creating of the broad strategies of your fund, the next step is deciding on the core formalities and getting the fund up and running.

Therefore, it is needless to mention that the next key point of focus is undertaking the legal formalities to get the ship moving.

– Hiring a Legal Firm

The first and foremost step in this direction would be hiring a law firm to take the paperwork ahead.

It is almost an unsaid rule that you should establish contact with a group of experienced lawyers in the financial sector.

They should be well versed with all the regulation in the financial sector, and as a result, in constructive and pointed results.

This would mean that you would not waste time or money in unnecessary paperwork, but at the same time, all your legal formalities would be in place.

When you plan on starting a hedge fund, it is always better to go for an experienced and well-versed lawyer with Hedge Fund formalities and legislations.

5. Decide on the Fund Type

Every aspect of planning for starting a hedge fund is necessary.

Therefore, getting the fund type right is also important.

However, this will depend on the specific laws with respect to your state.

Be it limited partnerships, trust or whichever type of hedge fund variant that you would like to create; it is important to undertake detailed research in this context.

Contacting the state specific commerce department is extremely important to get the regulation details.

This will help you understand the relevant guidelines for complete details.

In case you decide to opt for a limited partnership for your hedge fund, it is important to realize that there are two parts to it.

It will either be a general partner who acts as the business manager and is liable for all loans or corporations. In the case of corporations, they become the general partner.

In this case, the limited partners, however, are not liable for any loans undertaken by the company.

A firm decision on the fund type can go a long way in influencing the overall investment strategy and operational dynamics of the hedge fund that you are planning to start.

It also eases out the regulatory formalities associated with the hedge fund.

6. Create a Team of Advisors

Planning and preparation of how to start a hedge fund invariably need to include a team of trusted advisors.

Remember the success of any hedge fund invariably depends on the quality of the team that you put together.

Remember it is rather difficult to sell the hedge fund to investors without creating a substantial track record of success.

This is exactly where a team of trusted and experienced advisors can make all the difference.

While the hedge fund might be new, there is absolutely no doubt that the credibility of the team can go a long way in establishing a distinctive identity for the hedge fund.

Additionally, the team of advisors that you select also needs to be dynamic personalities.

Their interpersonal relations, vision about the future and passion in the present plays a key part in furthering the business prospects in a comprehensive manner.

7. Create a Fund Name

Think about the time you named your child.

The tribulation and turmoil that you went through in selecting the most appropriate name.

Well, starting a hedge fund is no less momentous.

So be very careful about naming the hedge fund that you are creating.

Think about a name that is catchy, sounds dependable, extremely stable.

It should be a serious and reputable name that will sound convincing to your investors.

Additionally, the name would also need to promote the image of the concept that you are creating.

In the context, it is always important to connect the name to the core investment strategy of your hedge fund.

In many ways, the name of the hedge fund should take forward the vision that the hedge fund was conceptualized with.

8. Apply for the Tax ID

In a stepwise progression and preparation of how to start a hedge fund, the next step involves applying for the tax ID number.

According to the US regulation, you need the Federal Employer Identification Number from the US Revenue Department, Only then can you begin operations seamlessly.

Applying to the IRS is no big deal either.

You can easily fill the form online on the IRS website.

You don’t have to pay anything to get this ID number either, and the process takes barely a few minutes.

Getting this number is not just important from the regulation perspective, but it is also relevant in lending better credibility to your business model and attracting more investors.

9. Register Company as Investment Advisor

The next step in your plans for how to start a hedge fund is another regulatory formality.

You have to register your company with the US Securities Exchange Commission as an investment advisor.

However, the precondition is that you need to have at least 15 investors associated with the fund.

According to the law of the land, all potential advisers also have to apply for Uniform Investment Adviser Law Examination.

A basic three-hour test, it probes your understanding and basic knowledge of the various securities laws and their implementation in the Hedge Fund market.

– A Corporate Partner

When you are starting a hedge fund, there are two ways you can structure a fund.

You can either be the sole proprietor of the hedge fund that you have created or create a corporate partner.

Of course, when you make a corporation with your partner, you reduce your own liability to a large extent.

In this context, you must remember that in limited partnerships, all obligations of the business and liabilities are with the general partner.

However, in the case of a corporate partner, your personal assets are saved if there is ever a legal dispute on any matter.

The corporation becomes the legal entity responsible for the business.

However, this process should be completed in the presence of a lawyer ad completely with legal guidance.

Creating the separate identity gives the hedge fund relatively greater credibility and a better leeway to deal with the legal complexities.

Creating the separate entity also results in a relatively smooth functioning of the entire operational matrix of the hedge fund.

10. Creating Corporate Bylaws

The process involved in how to start a hedge fund is never simple.

There are innumerable formalities associated with it.

Your firm has to work on compiling a unique set of in-house rulebook to move forward. Some of the most commonly used by-laws include:

  1. Compliance Manual
  2. Ethics and code of conduct
  3. List of supervisory norms
  4. Portfolio agreement

11. Creating the Offer Document

One of the basics of how to start a hedge fund is undeniably being able to sell it to your investors in a convincing manner.

One of the simplest ways to attracting investors to your hedge fund is by creating a set of document that clearly spells out the various rules, regulation and vision of the fund.

It clearly states the goals of the investment and can often be considered the prospectus of investment tool.

In many ways, we can consider the prospectus as the key document that protects the hedge fund too.

This is because it clearly states the terms and conditions of operations.

It also states the liabilities and losses of investors in very clear terms.

Additionally, it gives details of the various strategies that would be implemented by the hedge fund.

Therefore, there is no scope for ambiguity and the hedge fund is literally an open book to its investors.

However, this memorandum or prospectus is not an option for the hedge fund.

The regulatory body makes it a mandatory provision, and it is important to make sure all necessary disclosures are made.

12. Promoting the Hedge Fund

Last but not the least important, when you are looking to explore options about how to start hedge fund on your own, you need to actively promote the hedge fund.

This is the only sustainable way to generate capital and take forward the concept.

So as we draw to almost the last step in how to start a hedge fund, we kind of harp on the most important and first step of the whole process.

In short, promotion is as important to starting a hedge fund as generating capital for it.

In many ways, seeking capital and promoting a hedge fund operate in a symbiotic fashion.

Promotion often is the most refined form of salesmanship to create the necessary eyeballs to garner that interest amongst the investors who would eventually pump in the money necessary to sustain the hedge fund.

Your promotion campaign normally focuses on some key factors:

  1. The key factors contributing to your success
  2. The reason why your hedge fund offers superior opportunities
  3. The return target and potential offered by your hedge fund strategies.

In short, your promotion campaign is all about bringing in maximum value to your hedge fund execution implementation and final potential.

The idea is to create sustainable value over the long-term ad take it forward to the end users eventually.

As the old saying goes, nothing attracts success like success itself.

When investors get to know of the track record, the average success rate of your fund and the talent and expertise of the partners and employees that your firm recruits, they will be more convinced about your venture.

You can even offer incentives to your investors in the initial phase.

However, you must keep in mind that you are not breaking any regulation guideline in the process of offering marketing incentives to your investors.

This will serve a dual purpose.

While on the one hand, you are more prone to win over your customers and potential investors through the incentives, you can be sure of not rubbing the legal administrators the wrong way in any possible manner.

Try and use the online channels for active promotion of your hedge fund.

The biggest advantage is that you can be rather dynamic with your promotion plan.

The online presence will give you more flexibility, and more and more people get to know the product that you have created.

We mentioned how sometimes more than the product, it is the person who created the hedge fund which attracts more attention.

Sometimes, the product might be new, but investors have trusted a specific fund manager for years, and often the above average response seen by many new hedge funds represents this fact quite appropriately.


Therefore, we can conclude that the process involved in to start your own hedge fund is systematic and methodical.

Of course, you might find it rather painstaking to proceed in such a step by step manner, but the fact remains that it helps in creating meaningful gains.

The sustained recalibration of the investment rationale and objectives make sure that customer interest is never compromised with.

Raising capital, promoting the products and providing the marketing team with the promotional material form the three main pillars to take forward the investment module in a constructive manner.

Starting a hedge fund often needs sustained patience, diligence and absolute precision.

Investors need to have a clear picture of the vision and financial goals of the hedge fund.

This single-handedly makes sure that maximum possible interest is garnered for the new and successful investors as well as seasoned veterans.

This improves both the return potential as well as the reach of the visa department.

Small Investment Ideas for Small Budget Investors

It is good to know about the different small investment ideas.

Trading currencies doesn’t mean that you should know nothing about the other small investment ideas, and you should not think about them.

While you trade currencies or stocks, you can have some other small investment ideas that don’t need you to spend any time on them on a daily basis.

This is what I have been doing too, because I strongly believe that one should never put all his eggs in one basket.

While I traded currencies and stocks dynamically, I always participated in other good investment opportunities, in several different countries.

For two important reasons, I like to talk about the other small investment ideas on LuckScout.

Small Investment IdeasFirst, it is highly possible that LuckScout turns to a portal focused on different business and money making opportunities, including currency and stock trading, and also the other kinds of small investment ideas.

Second, all of those who visit LuckScout, including you, are interested in making money or at least having some extra income, but don’t know how.

While you are learning to trade currencies, having a general information about the other opportunities not only doesn’t hurt, but can be useful.

This is what I have experienced myself, and I am very happy with it.

In this article, I am going to talk about the small investment ideas suitable for small budgets.

I am always asked how it is possible to have some safe small investments with a small money. So here is the answer:

Saving money is hard enough, let alone investing it, especially if you live on a shoestring budget or a small amount of money as a monthly or yearly income.

Unless you have a massive amount of experience and background in investing, doing so can seem to be quite daunting.

Just the thought of losing your hard earned savings can discourage you from even trying. If you never invested before, where do you begin specially when you are tight in budget?

Three Techniques for Beginner Investors

One common myth that confronts newbie investors is that you need a great sum of money up front.

Then there’s the snowball analogy that some of you may have heard: Investing is like rolling a snowball down a hill.

As long as it continues rolling, it gets larger and larger.

The bigger the snowball is in the beginning, the huger it will be in the end.

Of course, the same is true with money, assuming that the small investment technique applied is successful.

Even if all you have is a tiny snowball, why not roll it down the hill anyway? If you’re not so wealthy, you can invest as little as $25 by using at least one of the following seven investing strategies:

1. 401(k) Account

Nowadays, every large full-time employer offers a 401(k) contributions account to enable its employees to save for their retirement.

Best of all, there are no minimal amounts to contribute other than amounts established in the plan, which are reasonably low.

Likewise, you can invest in any of the mutual funds within the plan, even if your contributions are small.

2. IRA

Instead of contributing a 401(k), you can open an IRA through a mutual fund company like Vanguard.

If you have very little to start with, you can start an account through an online discount broker as these companies require no minimum balance.

3. 529 or Education Savings Plan

If you are a parent who plans to save funds for your child’s college education, a 529 is a convenient plan and offers great tax benefits.

Rules of such plans vary according to the state in which the investor resides.

By investing through a state or educational financial institution, your money can grow more than it would in taxable accounts.

Likewise, you are entitled to tax-free withdrawals providing the funds are used for college related expenses.

4. Mutual Funds

By investing your money in mutual funds, you can automatically diversify your small investment.

Likewise, purchasing shares is not expensive since the price of many of them are low to begin with, say less than $50 apiece.

Also, you need not worry about what stocks or bonds you should choose.

The analyzing and researching of various securities is done by financial managers who are professional investors.

Whenever you buy shares of a mutual fund, you are putting your cash all of its security holdings, increasing your likelihood of small investment gains.

5. Stock Management Sites

Investing is now as easy as transferring money on the Internet.

Stock management sites as ShareBuilder make investing easy for beginners.

As a new investor, you are not prohibited from investing in high priced stocks.

Also, you are free to make weekly or monthly contributions in whatever amount of money you choose.

The number of shares you may purchase depends on how much you’re willing to invest on a timely basis.

Hence, experienced investors can benefit from this site as well.

6. Share Laddering

This is like a bootstrapping technique which enables you to build funds by starting out with just a few shares of low-priced stock.

As the value of the shares rise to a profitable amount, you sell enough of them to make a profit then take that extra money to purchase shares of another stock.

Say, if you bought 10 shares of Green Corp stock at $20 apiece, you’ve invested $200. If Green Corp’s shares appreciate to $40 a share, your money doubled to $400.

Not only do you have your initial small investment of $200, but an extra $200 to invest in stock from other companies.

7. P2P Lending

This new method of investing is an attractive option for investors with limited capital.

How does it work? For a consumer who needs a loan, instead of applying for it at a bank, he or she can turn to peer-to-peer lending.

Rather than a financial institution loaning money to an individual and profiting through interest charges, consumers contribute funds into a pool from which loans are made.

Because no banks or credit lenders are involved, interest rates borrowers pay are lower than regular loans.

Hence, loaning money is more encouraged and thus, lenders have a better chance of growing their money than they would by depositing it into regular savings accounts.

Low-Cost Investment Education

Just as sure as investing doesn’t necessarily require a great amount of cash to get started, obtaining small investment education doesn’t either.

In fact, there are a number of low-cost and free ways to learn how to invest.

The more you learn about this subject, the more effectively you can invest on a shoestring.

Although our economy and the marketplace constantly change, most investing fundamentals remain the same.

For example, the more static aspects to investing are its terms or lingo, methods of researching and analyzing companies, and types of small investment ideas.

Likewise, you must have basic knowledge about the various types of securities available (as stocks and bonds) along with their risks and benefits.

So, before you spend big bucks on an small investment course, consider these alternatives:

1. Read books on investing

There are hundreds, perhaps thousands of books out there on investing.

You may want to start at your public library or even surf through shelves of thrift stores to find free or low-cost books.

The more recent a book has been published, the more reliable source it is.

Look at the copyright date of any book you consider reading and view its table of contents to see what it covers.

If you have a reading device as an iPad, you may want to consider purchasing one or more ebooks.

However, all the information you need can be found for free, so that you don’t have to spend any money on learning.

2. Surf the Internet

As time goes on, more and more investing resources become available online.

A vast number of sites are created to educate people who have never invested in their lives and don’t know where to begin.

Unfortunately, many would-be investors aren’t even aware that these resources exist.

Likewise, there are numerous business world sites that offer continuous up-to-date small investment ideas such as BusinessInsider or Motley Fool, to name a few.

3. Practice Investing with Fake Money

There are similar sites that allow you to learn to invest by using pretend money in a real investing environment.

Once you are confident with your newly acquired investing skills, you can invest your own funds.

4. Watch the Financial News

Not everyone has an interest in the business marketplace, but if you do, that is a big plus.

However, if you’re serious about investing, knowledge is power and the more you have, the more effectively you can make your money grow, even with a small amount.

So, if you’re not a born investor you can create an interest in this subject with time.

5. Read the News

Keeping on top of current events is vital as it gives you a feel for what’s really going on in the small investment world.

Not only can you stay up-to-date with your country’s economy, but the global economy as well.

Such events as wars, overseas manufacturing, and natural disasters greatly affect world trade which in the long haul affect your country’s economy.

Great news sources are the business section of your local paper, USA Today, or the Wall Street Journal.

Learning about investing isn’t always so easy, but yet not as complicated as it seems.

However, by making wise decisions, you can effectively invest on a shoestring.

Teachers Salary: Is It Worth Becoming a Teacher?

Is the teachers salary make it worth becoming a teacher?

A teacher’s profession is no doubt amongst the noblest professions of all times.

Not only is the teacher imparting education but in many ways, they are also shaping our tomorrow.

From the way our future leaders behave to what our future leaders learn is all intrinsically imbibed by the teacher and her teachings.

Perhaps it is for this reason that the teacher’s role is often considered as important as the parents in the child’s overall growth as well as future prospects.

Therefore, this society needs to learn about valuing teachers and their role appropriately in this society.

In this context of value, we often see teachers salary, one of the key indicators of value hugely deficient with respect to the overall effort they put in.

Often you would have noticed that the teacher’s responsibility does not end in the classroom alone.

It is almost a never ending cycle.

They carry homework books home, sometimes even at home.

They help some children clear doubt and even after school hours they sit with children if they are facing any difficulty.

Perhaps one of the hallmarks of a great teacher is often considered the fact that they ever lose patience and ever ready to help the students.

But keeping in mind the meager teachers salary, a question that might bother you is:

Are we taking a teacher’s contribution and why don’t the teachers earn at par with professionals in multinational companies?

If their effort is being recognized as so important then why isn’t the necessary monetary compensation set aside for them?

The question is how can we gain parity in a teacher’ salary in tandem with other related professions?

For this, I presume a detailed study of the teacher’s profession and its overall impact on the society is crucial.

Why Is Parity in Teachers Salary Important?

The teachers salary is often debated and considered not just in the interest of the teaching community.

It is also considered because of the kind of effect it has on the society at large.

It is a common understanding that a lot of people are dissuaded from the teaching profession because of the lack of adequate pay.

It means that you have poor quality, and an inadequate number of teachers.

Also, this can be a serious threat to the already slow pace of economic growth that the United States is observing.

In case you are wondering the impact that teachers salary can have on the economic growth, let me elaborate.

In a rather alarming revelation, it has been observed that the relatively lower achievement scale of American students could be a limiting factor for their eventual financial success and might also prevent them from accessing high paying jobs.

This outcome is part of the tests conducted by the Program for International Student Assessment or PISA.

When students are not able to access better jobs and greater opportunities, it is observed that this directly impacts achievement levels and economic growth thereby.

After all lower achievement of slower economic growth in general.

Perhaps, it is for this reason that you would also find a relatively larger number of people without access to proper education and a higher level of ignorance in the economically backward nation.

In contrast, countries like Finland, which has earned a name for itself in terms of consistently excelling in student achievement is pegged to add over $50 trillion to GDP between 2010-2090.

Taking forward the same line of comparison you would also notice that the economic activity slumped by less than $3 trillion since the last recession.

Therefore, it is this achievement gap that is being seen in many countries like the US as compared to other nations like Finland seems to be affecting recession over the longer haul.

In fact, it is often believed that the quality of a teacher is one of the most important factors in the country’s effort to breach the huge achievement gap in the US.

It is considered as the key factor that can bump up the overall level of achievement across the education system.

The only way to achieve this is perhaps by radically improving the quality of the teachers who are responsible for helping these students with the ever increasing bar for achievement indicators.

As per some recent studies, it is indicated that the variation in quality of teachers and ratio of good teachers to bad is startling even within a single school, forget about different schools in a locality, state or even the whole country.

Often a single good teacher can play a key role in not scaling up the achievement levels of a class of students but by extension a community, a district and even a particular state.

While most amongst us can easily spell out the difference between a good and a bad teacher.

But what we cannot fathom the overall impact they have on a student’s life or initiatives that can be taken to bring in a better quality.

That brings us to the key salary component and why is teachers salary important.

If you notice the trend followed by major technology companies or even big banks, often higher salary, perks and even bonus are ways to attract deserving candidates for a specific job offer.

Not just that even in terms of measuring a person’s progress, promotion in designation and a raise in salary are the key components.

But that’s very rarely followed when it comes to teachers salary, at least in this country.

The question is does this make the job less lucrative?

Does it in many ways wean away deserving candidates from the job?

Well, the naysayers could say that a teacher’s salary cannot be linked to the service they render to the society.

It can’t also be linked to equating it with monetary remuneration might often even be equal to providing financial remuneration for mother’s love or a parent’s duty towards children.

I beg to differ on this point.

Think about the role that a doctor or a lawyer serve in the society.

All their roles are extremely important and in many ways, they are undertaking great social services like saving people’s life and helping stand up against social evils and wrong.

But we do pay them and pay them quite handsomely for the services they render.

In fact, the doctors across the US are amongst the best-paid individuals.

The question then is why don’t we consider better financial remuneration despite appreciating their worth and the key role that a teacher plays in the overall social set up today?

Teachers Salary in Different Country

Teachers Salary: An Insight into Reality

Well, for so long we have argued about the fact that the teacher’s salary being inadequate.

Therefore in this context, it is also important to understand how much it is and the real room for growth that is sustainable for the nation at large.

When you look at the overall context, you would notice that teaching can hardly be considered a profession in absolute terms when you compare it with many other countries like France, UK or even neighboring Canada.

The fact is that in the US, it is not considered as an attractive career if you are looking for financial gains.

If you look at the data generated by payscale.com, the average annual starting salary of a teacher in the United States is less than $35,000 after taxes and benefits.

In fact, by extension, if you look at the overall monthly net income it often hovers around an astonishingly paltry amount of $2000 a month.

It might even make you wonder that this salary which is on par with a bank teller’s job or an office assistant is often considered adequate for the person who is imparting education to your child.

Teachers Often Manage Your Children

Teachers often manage your children for close to 30 hours a week, work on home assignments and sometimes work even beyond their designated hours.

What is even more surprising and painful to an extent is the fact that many schools across the US need their teachers to buy their own supplies to teach students due to budget constraint.

The basic question that should bother you then is why pay the school?

And why the fees shouldn’t directly translate into teachers salary?

While on the face of it, they might seem really minor expenses but on a sustained basis, these could amount to as much as 5 -10% of a teacher’s net income.

This fact does not just raise a question on the overall budgetary allocation for the teaching staff and a teacher’s salary.

But in many ways, it kind of raises the question on the true worth of a teacher in our society.

While most of us would hanker for promotion and better financial package at our workplace, suddenly seem absolutely non-committal about raising the salary and promising a better life for the people who made us this capable.

Understanding a Teacher’s Actual Worth

While many of you might debate on the exact salary that truly recognizes a teacher’s true worth, most will agree that this meager compensation of under $35,000 is hardly sufficient given the teacher’s role.

Yes, indeed a teacher’s role in a student’s life in invaluable and perhaps that is why a better and a greater appreciation of their effort at least in monetary terms is of huge importance.

Especially think about the kind of life you can guarantee with a salary around $35,000 and day to day expenses, they cannot afford a home that is more than $140,000-150,000 at the most.

Well when you consider the 2011 median sales price of houses around $200,000, the calculation is not too difficult to make.

In fact the $150,000 also that I made is not taking into consideration a student loan or any other similar financial obligation that the teacher might have.

If that is also considered well, then housing sure seems out of bounds for a person who is perhaps the backbone for creating some of the best investment wizards in the country.

What Is the Appropriate Teachers Salary?

That surely leads you to the next point as to what would you consider as the ideal salary for a teacher.

Well, if the US Senator draws a salary of around $175,000 and a computer engineer or an investment banker has a salary of $100,000, is it not fair to assume that the teacher’s salary, be in the same vicinity if not equal?

It is the teacher after all that made these professionals qualified enough to earn this type of salary.

Also, the salary cannot have one basic slab.

Just like in many other professions, a teacher’s salary too must follow the demands of living in relatively costly areas and be bumped up on the same parameters as other professionals.

Perhaps this is also a reason why it is increasingly becoming difficult to attract deserving and good candidates for the teacher’s job.

If you see and check the top 10 majors offered by most top ranking colleges, you would be startled to realize that most of them do not offer the education major.

This, in many ways, reflects the unique problem and the perception problem facing the country now and the ever yawning achievement gap that is being observed.

Expense allocation by the Government is in many ways efficient perception management too.

If the Government and the People could vote for a tax waiver for a major player like GM or BankAm, can they not also look at ways of boosting the overall teachers salary across the country.

The biggest advantage of this would be that it can work towards attracting a lot more deserving and quality candidates for the teaching job and also bring them at par with the other professionals.

This step would not just e a major shift in the overall perception of their value in the society but also the value that we hold them in.

If we can respect our teachers, convince our children to be teachers then, surely the huge achievement gap can be managed more efficiently.


When you look at a teacher’s salary, it should not be the single most reason for rejecting or not considering it as a profession.

This, by far, is one of the most satisfying professions of all times anywhere across the globe.

The teacher is often termed as the nation builder and plays a crucial role in better training the students to a brighter future.

Not just that, this profession also has a few other perks like the fact that it is a relatively stable job and in most times recession proof.

The level of uncertainty is far lesser in this job.

While there are times when the going is tough, and you may look to cut down other expenses, you will never really consider pulling your kids out of school.

Additionally, the vacation and leave scenario is also fairly convenient, and as a teacher, you would have sufficient off days every year.

But that said is it worth being a teacher?

Well, the teachers salary often becomes the single biggest reason for dissuading you from taking it up as a job.

Therefore, a relook at the teacher’s salary is of utmost necessity.

How to Become a Business Consultant

The term business consultant invariably conjures up an image of Armani-suited, keen, sharp business dealers.

You normally associate them with success, poise and self-reliance.

They excel in the art of making your business their business and being great at it.

So then I am sure your next question would be how to become a business consultant?

Well being a business consultant is ultimately an amalgamation of several factors which together can make you a competent consultant.

How to Become a Business ConsultantThey help you transform your business models and improve the efficiency rate of your organization in the most cost-effective manner.

So it is very simple to deduce then that if you want to understand how to become a business consultant, it is necessary to possess some skill sets.

The most prominent ones amongst them include

  • Strong organizational abilities
  • Team building capabilities and make a team perform efficiently
  • Strong vision and ability to make strategic calls
  • Look at creating long term solutions
  • Curiosity and a will to learn and stay updated on latest trends
  • Achieve a balance between cost efficiency and quality excellence
  • Create an overall consciousness about business processes

Therefore as you can understand very well the question how to become a business consultant also includes key inputs about personality development as it does about academic excellence.

Academic Requirement to Become a Business Consultant

Education forms a key requirement for excellence in the most professions.

The journey of how to become a business consultant is no exception.

Once you finish your high school, it is a good idea to pursue a course in business management.

This could be either as a special course or a workshop.

Even if your high school does not offer any specific course, you can always look to join a supplementary course in a nearby community college also.

As an aspiring business consultant, the high school is a good time to get an educational counselor to guide you on the way forward as well.

They can guide you on how to get your preparation done and what subjects to choose to optimize your potential.

You could even look at joining a school club that is related to business and business development like the ‘Future Business Leaders of America’ or something similar.

This kind of association will enable you to develop a keen understanding of businesses early on if you are keen to become a business consultant.

Additionally, you can even start a business related club on your own.

The advantage is this kind of club often creates a group of like minded individuals, and you can even continue this through college and enhance your network going forward.

Getting the bachelor’s degree in business or business management is the most important step to further your dreams of becoming a business consultant.

It is an absolute necessity.

Though you might have some companies who would hire you without a degree, it won’t enable you to make a strong foundation that is important for your future success.

Try to participate in the school’s business related clubs actively and establish proper rapport with your teachers.

The bachelor’s degree is not just important by itself; it also enables you to go for an MBA.

Almost any business consultant you might think of in today’s world invariably has an MBA, and this is not possible without the bachelor’s degree.

Therefore this bachelor’s degree serves the dual purpose of enhancing your knowledge gates and opening the doors of future excellence.

That leads us to the obvious pit-stop in your journey to how to become a business consultant.

The MBA degree often creates the pivot point for future excellence.

It gives you a specialization for the kind of business consulting that you might want to pursue going forward.

The MBA allows you to develop your skills in areas like

  • Sales management
  • Administration
  • IT systems
  • Finance
  • Organizational skills
  • Corporate ethics
  • Marketing

This kind of specialty also enables you to further concentrate on your interest area.

In your pursuit of how to become a business consultant, this MBA degree will further enable you to approach the various avenues of consultancy with greater aplomb.

Why Is The MBA Degree So Important?

Well, this is not a necessity in your journey towards how to become a business consultant; it surely opens the doors to better success and surely helps you stand out in a large group.

Moreover, a masters in business administration further enhances your expertise in your chosen area of specialization.

This also ensures that your approach ceases to be less generalized and more focus.

In future, as you try to make your mark as a better consultant, this surely makes a huge difference and can often prove to be your USP.

Another major advantage of the MBA degree is it helps you approach many business houses for internships, creates a community of like-minded fellows and establish rapport with some of the best brains in business management.

In short, in many ways apart from the academic advantage, it puts you in an advantageous position in the networking front too.

Therefore, when you approach big businesses for openings, later on, the connection established during these early years make a lot of difference.

The MBA degree also helps you bring in the perfect balance between the academic training and practical exposure that you need for becoming efficient and competent business consultants going forward.

Experience Counts a Lot

So now that you have the academic armory to further your journey of how to become a business consultant, the next most important front to tackle is the experience.

Yes, indeed experience and exposure to ground realities is that key element in your training process that helps you gauge the real challenges ahead.

It prepares you not just for the theoretical requirements but also helps you customize your consultancy as per the client’s requirement.

In short in the real business world, every firm even in the same sector might be facing different challenges and only a well experienced business consultant can help them navigate better.

Also as you gain more experience in your chosen field, you enhance the opportunity to get bigger promotion and land with better opportunities.

So whether you work for a large consulting firm or have an independent practice as an independent business consultant, experience always helps you to become better professional.

Moreover, it also enhances your promotion opportunity and gets exposure to different types of experiences overall.

As you all know very well, achieving greater success is always a key motivation while you pursue a specific career and greater success invariably also means better monetary success as well.

Go For a Certification

Remember that competition in the corporate world is intense in general.

As a result, the rush is always about getting and most and the maximum mileage from the ever quarter.

This essentially means that you must be absolutely well geared on all fronts to take on competition with ease.

So when you consider this aspect in your journey of how to become a business consultant, one great aspect would be how to do better?

So you have all the necessary academic qualifications, you have gotten the experience front covered as well but what more can you do? Well, certification is the next most important avenue for you.

This again is not a necessary requirement but always a desirable one.

Some employers tend to give extra mileage to all those who apply for it and prefer candidates who have these certifications.

In many ways, it is an enhanced reflection of a candidate’s commitment to excellence as well.

1) Some of the key certifications that you could pursue towards becoming better business consultants include certification from IMC or the Institute of Management Consultants USA.

This is not a simple certification.

Interested business consultants are interviewed by the IMC, and they also need to pass an exam that is based on the IMC’s code of ethics.

2) Another interesting and extremely meaningful certification would be from the International Institute of Business Analysis.

They offer certification in business analysis and a much sought after professional credential.

Of course, it is needless to mention that this certification needs a significant amount of experience as business analysts too.

Business analysis by extension is a key aspect of business consultancy.

Your ability to analyze efficiently often can be the key to advice efficiently.

It can, therefore, be said that all in all a candidate’s commitment and will to excel is well borne out by these series of certifications.

Keep Your Goal in Mind

Often in life, the targets we set up for ourselves and the goals that we strive to achieve are impacted by the experiences and the aspirations that we might have.

As a result, it is important to always remind yourself of what you want to achieve as a business consultant, and the ‘why you want to become a business consultant’ is often as important as how to become a business consultant.

This target setting and goal often plays a crucial role in helping you also design the business strategies that you make for your clients in a specific manner and give them a unique brand experience.

After all, this is a personalized and customized approach that not even the best business textbooks will help you understand.

This is something you can create on your own, and this improvisation will hold you in good stead.

Often this motivation and goal that helped you to become a business consultant will also help you navigate through the tough roads and challenges that you will come across through the course of your journey as a business consultant.

Develop Skill Sets

It is needless to mention that a business consultant will command respect only when they are able to get something valuable on the platter for their clients.

If they only suggest some standard elements, then no client will want to trust their business with that kind of consultant.

Therefore in that context, it becomes extremely important that you learn to develop and continuously upgrade your skills in your tryst to become a business consultant who is the best.

This will enhance both the rate of deliverables from you as well as the overall success that you want to achieve from your profession.

So, whether it is in terms of creating a business plan or writing down a marketing strategy or even your coaching skills, it never hurts to work a little extra on each of these and more.

What they go on to do is improve the overall rate of success that you can achieve from these and therefore give you the confidence to take up greater challenges.

Additionally, you must remember that when you have a good command on certain skills, it gives you more power to take up new projects.

Often these skills also reflect your commitment to excel, and that is reassuring to any client interested in hiring you.

Need For Customized Solution

In your tryst to understand how to become a business consultant who is successful, it becomes extremely material to bring in a level of personalization to your trade.

That does not happen overnight, and neither is it possible through any specific certification.

It only happens when you spend time with your client on every single project, understand the problem points and then look to providing a solution that can bring in long standing gains.

This, therefore in many ways, also a great tool to fashion your working style and thus build a customized brand for you going forward.

Pay Outlook for Business Consultant

As you continue your journey towards understanding how to become a business consultant, it is also important to understand the overall salary structure for consultants. This also helps you in comparing and creating parameters of contrast that can help you decide for or against this profession.

A basic business consultant with a bachelor’s degree can earn anywhere between $60,000 and $90,000.

With every additional degree, you can expect a northward movement in the salary structure, and a MBA business consultant with enough experience can easily get a $100,000 billing rate annually.

Of course, this amount keeps increasing or decreasing as per job profile and the city and sector that a business consultant is based in.

Typically you would see an IT business consultant in NY earn a lot more than what a manufacturing sector business consultant will earn in say Idaho.


All in all, it can be safely said that as a business consultant, you can easily gear up for a challenging and extremely satisfying profession.

It gives you the opportunity to test boundaries, acquire new skills and give wings to your aspirations.

Of course, in terms of skill sets you need to acquire a multitude of these, and there is absolute need to stay updated on each of these.

It is this alone that can help you gain better and more sustained success in your chosen profession.

Therefore in your journey of how to become a business consultant, it is important to understand you have to lead a team and it is not possible to achieve this type of success without first learning to excel.

In many ways, you are like a teacher guiding a class to excellence.

It sure helps that the pay structure is also at par with the top paying professions available.

How to Become a Bank Teller

I explained how to become a personal banker and also an investment banker here and here.

Now I have to explain how to become a bank teller too because these three are the most well-known banking jobs:

When you are deciding on a suitable career, there are some options that come across as hugely attractive because of the kind of stability they offer.

One such alternative can be the choice of a bank teller’s career.

Apart from the fact that they offer an excellent opportunity to work on a reasonable resource, it can be incredibly exciting if you are communicative in nature.

This kind of work offers a lot of opportunities to connect with people.

It creates deep inter-personal links with them.

How to Become a Bank TellerThe fact that they require little formal education is a major plus.

The on-the-job training also ensures that you do not have a lot of preparatory courses to deal with if you want to know more about how to become a bank teller.

Academic Requirements to Become a Bank Teller

So what are the academic requirements if you want to know how to become a bank teller? What can be a big benefit for many with limited education is that the bank teller’s position does not require huge qualification.

1) All you need is a high school diploma or a GED

2) A college degree is not necessary for being a successful bank teller

3) However, if you have a bachelor’s degree in Mathematics or Finance of business, it can be very helpful.

4) This is particularly important when it comes to promotion. The additional degree surely helps in better prospects

5) However, though a college degree is not mandatory, knowledge in the second language is almost crucial.

6) In fact, fluency in additional languages is always a bonus for bank tellers.

It helps as they interact with multiple of clients.

When customers are spoken to in their own language, it always helps to connect better and create a lasting impression.

– Possibility of Certificate Courses

So when you want to understand how to become a bank teller, I am sure one of your key concern might be how can additional education help your career.

Well if you are interested,

1) Some schools offer short courses in bank teller programs

2) These short-term programs also include certification that you can always flaunt and improve your prospects going forward

These certifications can include a wide gamut of courses like bank operations, regulations, ethics and overall teller responsibilities.

These certifications can also help in applying for senior job options and thereby improve the overall career prospects.

Additionally, it creates opportunities for you to have a competitive edge in the overall job market.

So, therefore, the certificate courses enable you not just to work as an efficient bank teller but also improve the possibility of looking for better jobs going forward.

Also in life, sometimes this certification can be a stepping stone to access better career which might not be otherwise possible to the lack of insufficient college degrees.

Additionally, the certification also reflects your commitment towards your superior job expertise and become a better professional.

It surely improves your competence in the required field as well.

Training on the Job

Continuing with your pursuit of how to become a bank teller is the importance of on job training.

While you are on the job, an average bank teller is also tested for their aptitude on various facets like budgeting, computer understanding and competence with figures.

A bank teller handles a lot of cash and personal information.

So, it becomes important to sensitize them in maintaining secrecy plus they have to pass through background checks.

There is always a risk of people misusing the crucial information that is available to bank tellers.

As a result, this type of training improves the overall competence and rules out the possibility of people misusing confidential information.

During the on job training of a bank teller, it becomes important for them to become well versed in computer applications, cash counting and processing of the checks.

They are also trained in ways to deal with different types of customers and maintain the bank’s security and overall compliance methodology.

Auditing of the bank’s papers also is of prime importance for the average bank teller.

They also learn the intricacies of issuing bank checks and traveler’s checks as well.

Bank Teller Salary Outlook

Now that you are training on how to become a bank teller, one key consideration is what kind of the salary prospects it offers.

1) The average bank teller salary for entry level employees is about $11.06 per hour

2) Overall cash earnings for entry-level tellers is almost around $2K in bonuses, and profit-sharing proceeds can be as much as $3K

3) In case of individual bank tellers who particularly excel in performance, they can stretch up to $19-30K

The bank teller salary outlook, however, differs from one location to another.

The strategic positioning and the importance of branch also go a long way in deciding the bank teller’s salary outlook.

Centrally Located Branches in the Urban Region

It goes without saying that more centrally located branches in the urban region have a much better salary payment structure.

The relative rush and customers that you would handle in this kind of branches are also greater.

Therefore, the bank teller’s salary prospects are well in line with the overall time and hours that is spent.

Also given the fact that their job prospect is well regulated and the timing is fairly stable, the bank teller does not use a lot many hours so the salary is in sync with the basic job prospect.

This is exactly why the bank teller’s job also guarantees a relative level of satisfaction with the whole game plan.

A survey indicates that this is also a fairly satisfying job which is also reasonably stable.

So, it is ideal for all those who do not have huge academic qualification but are keen to have a job to make a living with, but not a good option for those who want to become successful financially and have financial, time and location freedom.

Therefore when you are considering the various options of how to become a bank teller, it is quite understandable that this is one of those jobs that do not require a lot of academic qualification but demanding in terms of physical labor.

It also requires excellent communication skills and being bi-lingual or multi-lingual is a major advantage for a bank teller.

Bank Teller Skills

Now that you learned how you can become a bank teller, I give you some more information about the skills that a bank teller has to have.

Often you would have heard that learning how to become a bank teller is a good way to begin your banking career.

I am sure one basic question that might come to your mind is that apart from the basic academic qualification, what other bank teller skills you should master to make an impact.

Well, the bank teller is perhaps one of the easiest and earliest gateways to a banking career.

You can make a mark even with no experience or without a degree in finance or accounts.

However, it is not that easy either.

You must be prepared to face the challenges that this profession brings forth.

The first and foremost step in your journey towards how to become a bank teller is to master the basic skill sets that make you stand apart in a crowd.

While your typical responsibilities would include:

  1. Cash Handling
  2. Customer Care
  3. Handling special transaction

But you must understand that you are the first point of contact with the customers.

You are often the face of the bank to the average customers.

So it is extremely important that you are polite, courteous and of an extremely pleasant disposition.

Under no circumstance would you become unnecessarily irritable and often take care to be extra polite to those who are specially abled.

Whenever you are greeting clients, you should do that with a smile on your face and gladly pass on any kind of information that they might be looking for.

After all, the average customer who comes to the bank is not very well versed with banking formalities at times.

It is only your conduct as a bank teller that can enable them to have a rather pleasant experience and convince them to regularly undertake banking operations.

The ability to keep a secret is another primary bank teller skill that you must master.

Remember that as a bank teller; you interact with a lot of customers and they might sometimes confide in you some key facts about their banking operations.

Remember to maintain secrecy and respect the trust they have in you.

Additionally, as a bank teller, you also serve as a record keeper and deal with a lot of key details in all these matters and often become the key reason why someone gets selected over others.

1. Academic Qualification

In the journey of how to become a bank teller, what role does academic qualification play?

Well, we all know that this one does not require a lot of qualification and as long as you are good with numbers, a mere high school diploma is sufficient to guarantee a job interview for you.

But at the same time, you have to be sharp with your mathematical skills and accounting abilities.

After all, if you are not sharp with mathematics and accounting ability, it might become a roadblock in your overall road to excellence.

In case you are apprehensive, you can even look at taking on additional lessons in finance, mathematics and other relevant subjects for a greater and better grasp of the overall subject matter.

Moreover, if you are applying for the job with no experience, this additional educational qualification will help you make a mark in the overall job market as well as create a strong case for promotion in your career eventually.

The academic excellence can also pave the road for a faster scaling up in your profession where you are able to cope with the associated challenges in a more experienced manner too.

2. Eye For Detail

One bank teller skill that you must master in your journey to how to become a bank teller and chart a better career graph is the eye for detail.

You are dealing with a lot of money and lot of people’s money.

Even if you placed a decimal by mistake somewhere, you could be creating havoc with a lot of people’s hard earned money.

While the introduction of computers and automation of services have ensured that a bank teller’s responsibilities have reduced significantly, the fact remains that even then there is a margin for significant error.

As an astute bank teller, it, therefore, becomes very important that you are careful with every entry that you deal with and remain cautious about every zero that you might be putting in.

This alone can ensure that the bank details remain sacrosanct.

Not just in maintaining the sanctity of a person’s account, this eye for detail can be useful even in noticing discrepancies of any.

Suddenly if there is any huge transaction in an otherwise dormant account or a major money transfer in an account which normally sees the low transaction, an alert bank teller can easily notify higher officials.

3. Bank Teller Resume Skills

Now that you have pretty much understood how to become a bank teller, the concern could be how to fashion the resume skills in a way that they attract the appropriate attention

Well a bank teller resume skills need to incorporate some key elements and these include

1) Ability to handle a large amount of cash with ease

2) Efficiency with numbers and all software used in efficiently conducting banking transaction

3) Servicing customer needs with aplomb and shining through the various challenges posed at those junctures

4) Maintaining a healthy relationship with all customers as their first and most important relationship managers

5) Ability to be efficient handlers of records and maintain records with acute efficiency

6) Highlight the ability to undertake special transactions and keep a strong disposition towards maintaining discretion wherever required

7) Having a clean background and absence of any objectionable criminal offence.

8) Ability to keep confidential data under wraps without leaking any detail that might be of consequence to the bank and its customers

9) Ability to attract business through your pleasant disposition and ability to attract more and more customers over a point of time.

Apart from these, the bank teller resume skills should also be looked as a vehicle to highlight your personal achievement in a reader-friendly manner without it appearing as unnecessary bragging.

For example, you should highlight facts like

1) An early or out of turn promotion

2) Consistency and diligence in customer service

3) Ability to consistently serve up balanced accounts reconciled to even the last zero

4) Associated degrees that you might have earned during your service

5) Praise that you might have earned for your diligence, positive attitude and pleasant dealings with customers

6) Business that you might have brought forth through your initiative.


The journey to how to become a bank teller is a lot of self discipline and ability to cope with challenges with aplomb.

It is one of the most brilliant ways to highlight that if you have a strong will, the lack of appropriate degree will never be a roadblock for a brilliant career ahead.

Even with a high school diploma you can often become the change-maker and chart out the prospect of a successful banking career.

Often the bank teller skills become your primary tool for success is the ability to connect with people and alert approach.

In reality, these are the two most important assets of a bank teller.

If you are able to connect with people better, they will approach you again and again and do more business with you and the bank.

Alternatively, they will also spread the word and often convince others too who might be facing issues with banking transactions.

When you are alert as a bank teller, you can quickly spot business opportunities as well as bring any potential discrepancy to the forefront quite fast.

This will ensure that not just you but the bank too gains with an association with you.

That makes you indispensable.

Business Analyst Interview Questions

If you are interested in knowing how to become a business analyst, I will present a step by step guide towards this goal.

You can read my more detailed article here to learn more about getting a business analyst.

To become a business analyst, some educational requirement and the research needed.

But you also need to take a closer look at the key question, are you cut out to be a business analyst.

You need to undertake a comprehensive study of the overall requirements and key personality traits that you must develop.

We also keep you abreast with the latest interview questions to become a business analyst to help you come out of the interview with flying colors.

Business Analyst Interview QuestionsBusiness analysts are essentially professionals who are responsible for highlighting the changes required.

They also identify pressure points and jot down all the requirements for efficient implementation of business.

If you are interested in becoming a business analyst,

1) You must have a bachelor’s degree in business administration or business management, accounting, marketing or related financial field.

You may even complete your bachelor’s degree in IT, computers or information technology

2) Go for as many associated certifications as you can

3) Must possess analytical skills, troubleshooting abilities and get communication skills

4) Must master expertise in Oracle, PL/SQL, C# and related programs

5) Gather experience of at least 3-5 years

But all of these preparations will only take you to the point where you develop the capability to apply for the top business analysts jobs.

However often it is the interview questions that put potential candidates in a difficult position, and they are unable to make the right impression.

Well, one simple tool would be to master the required qualities needed for becoming a business analyst and be prepared for any eventuality.

Business Analyst Interview Questions

So the question is what are the most tricky interview questions?

How should should handle these interview questions to guarantee bagging the job?

Well here is a quick rundown of some of the popular interview questions to become a business analyst:

1. Tell About Yourself

This is perhaps one of the most common interview questions for becoming a business analyst.

It looks quite a straightforward query.

But it can often be rather vague too.

You would be in perpetual doubt if you said too much or too little about yourself.

Also, it is one of those questions that if used appropriately can create the right type of impression about you.

Our advice would be to tackle this question head on.

Instead of conjuring up a long winding reply, go for a short, crisp and striking summary about yourself.

In fact, see how you can turn this key question in turning the direction of the interview towards a direction that puts greater focus on your area of expertise.

This could also highlight the key qualifications that could set you apart from the rest of your peers and could even help you bag the job.

The idea is to bring your strong points to the foreground and avoid detailing your weaknesses.

2. Behavioral Questions: Tell Me About a Time You….

Well, these are essentially interview questions that are crafted to help the interviewers understand how well you used the knowledge acquired for resolving a conflict.

It could be ranging on any issue and essentially framed to understand the specific skills that you might have used to solve a crisis successfully.

Not only is this question a tool to bring forth your ability to address crisis successfully but also an indicator of your temperament and approach.

It can also highlight your multifaceted capability to handle a wide range of topics in one go.

3. Terminology Is Important

Often you might have to face fundamental interview questions to become a business analyst.

From what is the meaning of xx term to what is the function of xx application, the interviewer often uses these questions to assess your core competence levels.

The interviewer often uses these questions to also properly gauge how well rounded your fundamental understanding is?

Whether these are about business processes or data specific, the best approach is to give a brief explanation and then use a real life situation that you have been associated with to further explain the answer.

This approach serves a dual purpose.

On the one hand, the interviewer understands how deeply you have grasped the specific topic.

On the other hand, you can subtly let the interviewer know about the fact that you have dealt with a situation successfully involving these key data points or business process.

If it was a criterion of excellence, then quite effortlessly you have conveyed your superior experience in dealing with it and also successfully resolving it.

4. Ways to Deal Different Stakeholders

In your tryst to know how to become a business analyst, one of the key challenges is the way you can take various stakeholders on board in the same go.

If this question does come up in any fashion, it will provide you relevant insight into the challenges that you might have to deal with at your work if you happen to accept the offer.

Therefore you can be on your guard and efficiently weigh out the pros and cons before making the decision.

This is also a wonderful opportunity to highlight your soft skills and bring forth the gamut of experience that you bring on board.

This could effectively help you compensate a skill set you might be lacking in.

So, if you are keen to know the interview process for how to become a business analyst, it can be very wide ranging and expansive from fundamental knowledge to a candidate’s ability to speak and leadership qualities.

The best approach is to avoid long winding and irrelevant details and keep it short and crisp.

Use examples involving you in different real life situation with regard to the topics discussed to highlight your wide-ranging experience base.

It is imperative that you keep a calm facade while handling the interview questions and not get flustered by topics that might not be your strong point.

Often the approach more than the topic you answer is what will help the interviewers make the final call about you.

How to Become a Business Analyst

Business analysis has emerged as one of the sunrise sectors of the 21st century.

In many ways, it provides that crucial bridge between a company’s overall objectives for business and its IT capabilities.

Business analysts play the role of the key link that helps a firm optimize its business objectives.

In many ways, a skilled business analyst can play a significant role in improving a firm’s profitability as well as productivity in the long run.

In a scenario of a rapidly changing and ever dynamic marketplace, a strong business analyst often provides the competitive edge.

Basics of Business Analysis & What an Analyst Needs to Understand

Before we proceed to how to become a business analyst, it is important to understand the key responsibilities that a business analyst has.

After all, it is this understanding that will enable you to the challenges and demands associated with this job profile.

It help you to know how exactly should you prepare yourself for experiencing an absolute success.

Therefore, in very simple words, it strives to bring in a structured, disciplined and overall united approach to the entire process of analyzing businesses.

Become a Business AnalystFrom analysis and identifying key channels of growth to working on final figures and observation, a business analyst covers every aspect.

This is exactly why the business analyst can serve multiple roles across industries:

From looking after data to being the key troubleshooter to even becoming the researcher, writer and management consultant depending on the need that is identified by the entrepreneur.

So if you are planning to make it big as a business analyst, there are some key skills that you must specialize in.

These include:

  • Proper listening ability
  • Being flexible and open to change
  • Capable of multitasking and handling multiple challenges simultaneously
  • Being able to prioritize
  • Capable of addressing the requirement of multiple stakeholders
  • Great at negotiating and hard bargaining depending on the need
  • Capable of taking firm decision based on needs

Additionally, this understanding also helps you to prepare better for the associated tests that help you qualify as a business analyst eventually.

How to Become a Business Analyst

These are the things you have to know if you want to become a business analyst:

  1. Business Analyst Job Description
  2. Academic Requirement
  3. Get an Edge over Peers & Land up with the Right Job
  4. Business Analyst Salary

1. Business Analyst Job Description

Here is a quick lowdown on the business analyst job description:

1) A business analyst needs to be extremely alert and agile in terms of job delivery

2) They need to be adaptable to an organization’s demand and be able to constantly change as per the demands of the times.

3) It creates the ability to innovate in the complex business environment

4) Business analysts also make organizations optimize the efficiency even amidst challenging environmental condition

5) A Business Analyst is instrumental in driving product innovation and launching fresh products in the market.

6) It is only through detailed business analysis that a company zeroes in on creating cost-effective service model and efficient product launch

Along with all of these, the business analyst also outlines the project requirement.

They also do the necessary communication with various stakeholders

Sometimes they have to create a dialogue channel with the related stakeholders and business facilitators.

Therefore, as you can understand from the business analyst job description, it comprises of many facets and a comprehensive coverage of the overall business processes.

This clearly makes it very important for you to have an expansive and detailed understanding of multiple facets of business and how exactly they can impact the basic running of the business.

2. Academic Requirement

That inevitably brings us to the next pit stop, i.e. the academic qualification required in your quest to know more about how to become a business analyst.

Well, after you finish the basic high school degree, you need to prepare yourself for a bachelor’s degree or even higher.

It depends on the overall ambition and aspiration that you might have.

While pursuing your bachelor’s degree you can look to major in any one or more f the following subjects:

  • Technology
  • Finance
  • Management
  • Accounting
  • Data analysis.

Most organizations are also now open to taking up fresh college graduates as business analysts.

The reason is the challenges that current business environments provide and the dynamic nature of the overall business environment.

If you see current trends and chalk out the career graph of business analysts, you would notice that most initially work as system analysts, financial analysts, functional analysts, data analysts and related positions before finally making the mark as efficient business analysts.

As you grow up in the career chart and learn to take up more responsibilities, you are promoted as senior business analysts.

Needless to mention the academic requirements keep increasing as well.

More often than not as a senior business analyst you are required to take up specialization like SAP, ScrumMaster or even Agile.

You could even proceed from the position of a business manager, business architect and finally move to a VP level position in the overall career chart.

Independent Jobs and Projects

The business analyst at this juncture becomes capable enough of taking up independent jobs and projects.

He sometimes also plays the role of a consultant working simultaneously across multiple industries.

Therefore, you can easily understand that business analysts as a rule of thumb have varying degrees of technical knowhow.

They apply different degrees of different types of the knowledge base to approach and resolve a problem.

Some apply their technical know-how and expertise in IT processes.

But there are some who seek to apply the overall level of competence in business processes and financial management to get to the root of a problem.

Of course in the interim, if you are interested you could also work towards gaining certification in many business processes that help you get an edge over your peers.

This could range from certification in SAP and related processes to financial management and its many related facets.

The purpose of most of these certifications is to help you stay on top of the existing trends and keep updating your knowledge base in sync with modern demands.

This is exactly why you could also look at applying for a BS in Computer Science in your pursuit towards how to become a business analyst.

3. Get an Edge over Peers & Land up with the Right Job

In this context, when you are keenly studying a business analyst job description, you will be keen to understand as to how you can work towards becoming better than the best in your job.

After speaking to several industry leaders and business analysis veterans, we have understood that finding the right job is one of the most important challenges.

While you can always apply for a job via monster.com or related job sites, the right fit inevitably takes a lot of patience and perseverance from an individual.

But you must also remember that this patience will help you stand in good stead in terms of attaining long-term success and better prospects of future success.

When you are a fresh graduate, and just out of school you might often think that you will land up with the right job almost instantaneously.

But that is hardly the case.

Most times it so happens that the right job is at an elusive point where you can reach only gradually.

You must understand that there is also a process involved in how to become a business analyst, master of processes.

But that does not mean you don’t do anything until that point.

You must continue to take up any opportunity that comes your way and never slacken the networking channels.

Your hunger for getting the better of acquiring numerous skill sets is what would set you apart in the overall tryst for better success, more financial gains and greater aspirational success.

It is these baby steps that would take you to ultimate success.

4. Business Analyst Salary

That essentially brings us to next primary point of discussion.

What is the business analyst salary?

It is important for you to understand the salary ramifications because, in the long run, it is this key consideration that can help you handle the basic choice that you make.

The simple corollary is why you would want to become a personal manager at a bank rather than a bank teller though you can get the later position with much lesser qualification?

The key reason would be better salary prospects and a promise of a better quality life going forward.

In the same way, it is important to consider the salary structure and overall financial outlay associated with this position.

Well for starters, let us probe into the entry level business analyst salary and how it fares with many other related or similar professions.

As a business analyst, you start off:

1) With an average salary of $56,000 annually

2) Overall cash allowance in entry level business analyst salary could at times exceed $10,000 from the various bonus elements earned

3) For some exceptional professionals with compelling area expertise, the salary might even have as much as $7000 from a profit sharing understanding

4) So while the average is pegged at the mid 50s, an entry level business analyst salary could vary from as less as $41,000 to as much as $80,000

When you consider that this is just the entry level business analyst salary, I am sure that as a seasoned professional it is not difficult for you to make some basic back of the hand calculation about the overall ramifications going forward.

It is but obvious that after you achieve a certain amount of competence in this field, you will be able to fare even better and make relatively more money for yourself as a business analyst.

Some of the key determinants that are responsible for deciding the exact salary structure include

  • City
  • Employer
  • Overall skill sets and additional certifications
  • Job experience and exposure
  • Nature of exact job and its impact.

This essentially means that no one salary rule would apply to all business analysts.

Therefore, when you delve deeper into understanding how to become a business analyst, it is extremely important to look at the various associated elements that go on to the making of an overall business analyst and the job that they have to deliver.

Remember the financial remuneration is deeply associated with the final deliverable.

The gender difference could also have an impact on the overall salary payment in the longer run.

Nearly 60% of those drawing entry level business analyst salary are men.

It is observed that over the extended future, this might have certain remunerative implication on the overall pay structure.

Apart from the straight business analyst salary, there are some associated professional perks too.

Most of the concerned business analysts enjoy medical and dental coverage providing them expense relief to a large extent.

Survey Conducted by Payscale

Payscale conducted a survey with respect to business analysts salary.

According to this survey, most business analysts are highly satisfied by their job.

And, the resulted salary structure too ensured average contentment.

A business analysts’ job has some of the most positive features including:

  • Satisfactory pay scale
  • Overall job satisfaction
  • A good balance of effort and pay
  • Training and expenses involved at par with the salary tat is paid to the professional
  • Number of hours that is used up in relation to the salary paid

All in all then it can be easily said that the business analyst salary, makes it one of the lucrative job offerings in the market.

When you look at the various slabs of payment with various level of professionals the various salary structure proceed as follows:

  • Entry Level Analyst: $55,000-70,000, possibility of earnings up to 8% bonus
  • Mid-level Analyst: $55,000-95,000, can earn a maximum of 10% bonus
  • Senior Level Analyst: Can earn up to $150,000 with bonus earnings amounting to 10%

Therefore the US average in terms of a business analyst salary is close to $50,000-110,000 with an average of 10% bonus prospects.


Therefore, when you look at how to become a business analyst, the entry level salary of business analyst becomes a key consideration.

The average salary outlay of several professionals is almost half the amount that an entry level business analyst earns.

This fact often becomes the key factor why it is such a lucrative professional option for those who have the resources.

In fact, the handsome initial salary prospect also makes it a viable option for many.

The reason is that these might have to take the aid of student loans to finish their education roadmap and start off a career.

The good news is this is one of the professions that prepare you for the every dynamic and changing market environment.

No one can accurately predict the job market realities going forward.

But, when as a business analyst you are well geared to stay updated with the latest trends, it sure helps the overall prospects.

There are many factors that can truly bring out a competitive edge for you.

They can make you shine brightly in comparison to your peers in the longer run.

These factors are the basic aptitude and ability to multi-task with a keen sense of applying process knowledge on a plethora of factors.

Financial Success and How to Achieve It in Life

Financial success is a mirage that we all look for.

Whether you are highly qualified or an average clerical worker, whether you come from a big town or a small one, almost everyone you will see is hankering for financial success in some ways or the other.

Of course, the manifestation and the goals that they strive to achieve would be different for different types of people, but the tryst for a better financial stability is omnipresent.

That brings us to the key question, why do you need financial success.

The fact is being financially successful helps you achieve some key targets.

These include:

Security: It kind of makes you feel empowered in taking up any challenge, after all, there is very little that money cannot buy.

It makes you feel more powerful in terms of taking care of your loved ones and preparing better for future comforts.

Money often also allows you to pamper your loved ones in terms of getting the best for them in every possible manner.

Stability: It would not be wrong to say that financial success also brings in a degree of stability in your life.

When you know that you have access to adequate resources to fulfill any type of need of your family, it surely puts you at ease.

Sufficient money also removes any type of uncertainty that you might have to worry for otherwise.

As somebody once said to me, ‘Money cannot be everything in your life, but it sure is something rather important.

Comfort: Access to greater financial resource means you can surely have a better life.

From a comfortable house to comfortable car to better lifestyle to enjoying more amenities, the possibilities are endless.

Better financial condition always ensures that you can have a more comfortable life than you imagined.

In terms of material happiness too, money can often mean a lot more of all of those.

More Time: Money no doubt helps you buying a lot more amenities, gadgets and help if needed.

This means that you do not have to spend your time dealing with the daily chores too much.

This frees up time for you to pursue a lot of personal work or to pursue a hobby and the like.

This means that you can use your time better and also use it for knowledge enhancement.

It would not be therefore wrong to say that financial success is as much about material joys as it for inner happiness.

When money gives you the resources, you can also indulge a lot more into various charitable opportunities that might come your way.

In many ways, this means that you can guarantee a lot more inner peace once you are able to pursue your dreams without any limitations.

It makes you become a better individual and often helps you create opportunities for many other deserving people who might not have access to the type of financial resource that you have.

Financial Success Means Financial Freedom

How To Achieve Financial Success?

The question that would next come to your mind is how you can achieve financial success?

Well, obviously you know why you need financial success now so it is imperative to understand how you can go about achieving it.

Well to put it very simply, you cannot achieve financial success overnight, and it is only a gradual process that enables you to achieve it.

A step by step procedure, as the saying goes, ‘many drops make the ocean, many pennies makes the pound’.

But the trick is not to lose the drive in between and go ahead with greater and better precision.

1. Need to Set Targets for Your Financial Success

This no doubt is the first step to any great mission in life.

Your journey to achieving financial success begins from here.

You need to establish clear and achievable goals.

This, no doubt, is the most crucial part of your financial plan.

In very basic terms it often is the exact amount of money that you must earn within a particular time period.

This goal then helps you undertake a real-time analysis of the time you need to achieve the goal.

You can then set and then you can tweak your overall investment and earnings plan in a way that offers you the maximum benefit.

When you talk about setting up targets, there are three types essentially:

  • Short-term targets
  • Mid-term targets
  • Long-term targets

While your short-term goals will be about the financial needs that you might have immediately, within a year or so, the mid-term ones are spread out over 5-10 year time range.

They can involve anything from higher studies for your children to a bigger house or even your personal vacation outlook.

The long-term ones inevitably involve your retirement plan and even a house perhaps where you want to settle down post retirement.

The reason you need the financial goals or targets is primarily.

Because this helps you understand how much money you need to set aside every month to reach your target.

It also guarantees your financial success despite your current earnings.

By communicating your goals and setting aside targets, you can work towards achieving them a lot more efficiently.

It gives you the leeway to provide for urgent emergencies without disturbing the overall savings plan that you might have outlined.

Setting Goals Toward Financial Success

2. Take Stock of Current Situation

This part of the financial plan goes hand in hand with the overall target setting and goal setting aspirations of an individual.

The moment you set your target, you need to understand how much you earn now and how you need to allocate it.

Often when you are making regular savings, there are times when you forget to value the savings thus far.

Most importantly what you save in comparison to how much you spend and the liabilities that you must fulfill.

This net worth assessment will put the overall financial situation in relative scale.

Then you can gauge how much you need to set aside in reality.

You must remember that you cannot look at your savings in isolation.

They need to be seen in relation to the overall mortgages and other loan liabilities that you might have.

When you calculate your net assets minus your liabilities, it gives you a true picture of the financial state you are in.

If this amount is positive, then you can look to add to it going forward.

However, if the net worth is 0 or in a negative zone, then you have to rework your finances in a way that you can address this aspect at the very beginning.

3. Cashflow

You are highly mistaken if you thought that cashflow is a condition that only entrepreneurs need to worry about.

Just like cash flow is indispensable for running a business smoothly it is equally important for running a family and your house smoothly.

Of course, in the context of your personal savings and household savings, cash flow denotes a detailed structure that determines where your money is spent every month.

First and foremost, you have to calculate the exact amount of money that you have to spend every month.

More often than not, it is seen that instead of a cash crunch problems, most who are undergoing financial distress is essentially symptoms of overspending on credit card and dealing with credit card debt.

As a result of this, your ability to save would also get crimped.

Therefore, once you put down your actual needs and resources on pen and paper, you can assess the relative inflow and outflow of money better.

While the income or inflow of cash would essentially be the salary that you earn but it can also comprise of

  • Alimony settle cash inflow
  • Child support
  • Earnings from investment
  • Rents from property that you might own
  • Gifts
  • Government benefits

The next step no doubt involves understanding your overall tax liability on the inflow and how you can reduce this in case it is too much.

Often the lack of proper financial planning not only impedes your financial success but also increases your tax burden.

Savings also in that context could often be considered as an expense in your cash flow condition.

While you might not be spending the money but by setting it apart, you no doubt also limit its ability to be spent on any other purpose going forward.

4. Create a Plan for Savings & Spending

So once you get a relative idea of the overall cash inflow and outflow accurately, you can draw up the plan for savings and spending quite effortlessly.

This plan needs to be broad and extremely comprehensive.

It should account for everything, from how much you want to save for old age to how much you spend on clothing, just about everything is covered in this Spending-Savings plan.

One aspect that you should not forget while making this plan is the golden rule of financial success.

Your expenses should in no way exceed your savings.

This even includes the overall savings that you might be having and the money you are setting aside for that.

For starters, you could begin with a cash flow worksheet.

In case there is a negative cash flow in the worksheet, you could make adjustments as per the need.

But when you are looking ways to close the gap in the negative cash flow, ways to increase your income is not just about reducing expenses or savings; it could mean something more than that too.

Sometimes it could be about increasing your income too by taking up a part time job or putting up a property for rent as well.

You could even look at managing expenses like looking for value for money phone connection services or buying various day to day articles at a cheaper rate from local deals at departmental stores.

But remember that your plan is as good as you follow it.

For making it work as effectively in real life as it looks on paper, you need to exercise strict financial prudence.

You also need to ensure that you follow the plan on paper very closely to the last T.

According to Robert Kiyosaki, financial success is not the matter of how much money you make.

It is the matter of how much money you keep which is income to expense ratio:

5. Emergency Savings Plan

Often you would have noticed that a sizeable chunk of your savings might be eroded away because of some sudden emergency.

You never plan for these, but the fact is that when they do come upon us, it can severely erode the overall savings plan for the long run.

In many ways, this could severely hamper the overall financial success that you might be looking for.

Therefore, apart from the regular savings that you might have planned for, it is very important to make an allocation for any sudden emergency that might come your way.

This emergency fund always comes handy for accounting for expenses that come up suddenly.

In fact, most financial experts say that this emergency fund should be sufficient to support at least 3-6 months of living expenses for an individual.

Another fact is as this expense is never planned for; you must always use a savings instrument that can be accessed without delay.

It is also important to choose the investment instrument that does not invite any penalty payment for early withdrawal.

Therefore, you don’t just need to plan an effective emergency plan but also the one where there is a minimum liability if you end up using it.

6. Direct Deduction

In the context of creating effective channels of savings, it has always been observed that savings is always more effective and efficient when it is done through direct deduction.

You could opt for an electronic transfer from your account or even the ones that have the facility to submit post-dated checks.

What this ensures is that you are forced to follow a certain degree of fiscal prudence at any cost.

Whatever your monthly outgo might be, your savings would not be crimped.

This is important to ensure that today’s problems do not hamper tomorrow’s plan as well.


The golden rule of financial success is therefore all about achieving financial discipline in our daily lives.

It often entails that you must follow a strict and disciplined approach that you have to ensure in a firm.

Remember while you might not have employees to pay to, you still have your house expenses to cater to.

Unlike entrepreneur, in your personal finance sphere, you never have any angel investors to bail you out crowd-funding alternatives to tide over emergencies.

You should be keen, alert agile and extremely flexible in making alterations and adjustments in your finances depending on the requirement and the demands of the time.

You must never be too rigid in your plans and the choice of the financial instrument for your savings is as crucial.

Do not just make a savings in some financial vehicle because someone suggested.

You must give it a deep thought, research well about the alternatives available for you and then only make a choice.

This will ensure that you are able to balance both your income and expenses in a way that you can provide adequately both for your future and present.

Your financial success is completely dependent on your skills in managing your funds effectively.

How to Become a Hedge Fund Manager

If you are looking for a career in the financial markets, I am sure you might have thought about the hedge fund manager post.

The hedge fund managers are known for their suave business sense and extremely successful business prospects.

Given the high salary structure and extremely attractive bonus packages, becoming a hedge fund manager is one of the most sought after opportunities.

So then the question is how to become a hedge fund manager?

And what are the hedge fund managers key responsibilities?

Well, you have to understand that compared to a conventional investment professional, hedge fund managers have a rather challenging job profile.

How to Become a Hedge Fund ManagerThe dynamics of this professional makes it stand out in the crowd.

The Hedge Fund Manager’s Job

Before you consider becoming a hedge fund manager, it is imperative to understand the job profile.

You need to understand the key responsibilities that they have to take up and the challenges that they have to face.

This will give you a realistic view about your competence vis a vis this career.

Well, first and foremost, we have to understand that the term hedge fund denotes a financial instrument that maximizes the returns and minimizes the risk.

Well, this is a direct outcome of the overall strategy that is applied.

Therefore, a hedge fund manager is someone who specializes in charting out these strategies.

They create financial solutions that maintain the return scope without exposing your investments to additional risk.

Hedge Fund Managers Create a Variety of Funds

They invest across asset classes like stocks, Futures, Bonds and even unregistered securities.

The whole idea is reducing the risk without meaningfully impacting the return outlook.

Moreover, the idea is to maintain the returns even in falling market scenario.

Typically hedge fund managers work in different kinds of working environment.

They could either be part of large hedge funds or work for small boutique funds or mere individuals with significant investment.

Remember becoming a hedge fund manager is all about learning how to keep the profit channels abuzz irrespective of the market conditions.

The market could be reaching new highs or nose diving to multi-year lows, as a head fund manager, you have to know how to generate fresh returns at all times.

So the Question Then Is What Are the Key Duties of a Hedge Fund Manager?

Well, you would say, it is all about managing the fund efficiently and maintaining the gains in every possible scenario.

Well, they achieve it using a combination of elements:

  1. In-depth research and analysis of the market trends
  2. Analyzing the market movements in a detailed fashion
  3. Identifying the most appropriate assets to invest in
  4. Creating an investment portfolio
  5. Investing in assets to create long-term value
  6. Expanding returns by increasing leverage
  7. Being able to anticipate market movement and take precautionary measures
  8. Organizing client meets and advising them on investment methodologies
  9. Helping clients in taking up the best possible investment route to maximize their returns
  10. Convincing potential clients about taking up a certain investment route

How to Become a Hedge Fund Manager?

So the next point would be the steps involved in becoming a hedge fund manager.

It involves multiple steps, combination of qualifications and experience too.

But before anything, if you are keen on becoming a hedge fund manager, you have to develop an understanding of the markets.

Remember the absolute return is all about creating a sustainable long-term profit opportunity.

That is not possible without an in-depth understanding of the market.

While there sure are many kinds of academic qualifications that can prepare you for the job, the fact remains that the hedge fund manager’s job also involves a lot of intuition.

But you can always argue that more than being born with this intuition, an efficient hedge fund manager acquires them on the job.

Hands-On Experience

Yes, indeed hands-on experience in anticipating the nitty-gritty of the market is a key catalyst in helping you develop your deep sense of intuition.

Diligence along with passion and intuition are very important characteristic traits for anyone interested in developing a deep sense of market maturity.

Yes, indeed that is a keyword. A relative maturity in market dealings is what helps you identify trends and create profitable combinations.

Remember a hedge fund is inevitably about combinations that can generate returns in falling market as well as when stocks are rising.

One of the simplest ways to achieve it is via effective diversification.

In this context, you have to understand that effective diversification happens when you are aware and expert about the various asset classes that you could possibly invest in.

After all, you have to remember that every asset class works in a unique way.

If you are not thorough with that, you can easily book losses and defeat the entire purpose of dealing with the hedge fund.

1. Academic Qualification for Hedge Fund Manager

Therefore, the point to ponder on is what are the educational qualifications required for becoming a hedge fund manager?

Well, first and foremost you have to understand that given the huge salary outlook, competition is rather fierce.

Therefore, right from the word go, excellence in your performance is a key factor.

You need to choose the most appropriate bachelor’s degree and make sure that you maintain a consistently good performance.

In many ways, choosing the right bachelor’s degree helps you chart out the most profitable career path in this field.

Studies indicate that most entry level hedge fund job openings need you to also get a master in any of the business disciplines.

You can choose business majors like:

  1. Economics
  2. Finance
  3. Accounting

Even a Business Administration degree stands you in good stead to channelise your growth and develop the necessary business acumen.

Apart from a comprehensive degree, it is often imperative to choose an appropriate institution to pursue your degree from.

Remember that this can play a crucial role in helping you develop a sharp sense of business understanding.

It will also help you fit into the role of a hedge fund manager in a variety of firms, be it big or small.

Apart from the basic role of hedge fund manager, you can take up specialized responsibilities like:

  1. Asset manager
  2. Hedge fund analyst
  3. Hedge fund trader

Alternatively, you could also look at an accounting degree if you are keen on becoming a hedge fund manager.

This will help you develop a deep understanding of the variety of accounting and tax related principles in the investment world.

Let’s say if you have a fascination towards positions like hedge fund accountant, you could easily go for this kind of degree.

However, there are a few other subjects that can help you develop expertise in being an effective hedge fund manager.

This generally includes degrees in:

  1. Economics
  2. Statistics

It also helps develop your macro understanding of the various facets of hedge fund investment.

Additionally, it provides you with the ability to handle a variety of other related positions in a hedge fund like risk analysis, economic analysis and even gauging the political ramifications on hedge fund investment.

You must understand that these are all necessary elements of being a hedge fund manager.

This is because they help you develop a keen sense of focus and ability to understand the strategic importance of a variety of functions in hedge fund investment.

2. Quantitative Analysis & Hedge Fund Investment

Quantitative analysis is also a much in demand sub-section of hedge fund manager’s job profile.

The demand for quant analysts are increasing.

Therefore, more and more hedge enthusiasts are also looking at avenues to create an expertise in a variety of these algorithmic trades and quantitative understanding of the market.

An in-depth degree in mathematics and statics is an absolute necessity to gain expertise as a quantitative analyst.

You could even opt for a Bachelor of Science degree in physics, computer science, mathematics or even engineering can serve the overall purpose.

Some academic institutions, however, offer specialized degrees in financial engineering and quantitative analysis.

This helps you develop a specialized focus right from undergraduate levels.

It is needless to mention that this kind of academic qualification will, no doubt create a distinct level of specialized focus and go a long way in making sure you have the edge over your peers.

You must understand that the hedge fund market is extremely competitive and more the number of specialized degrees you have, the better is the scope for your future growth.

Moreover, a Specialization Also Enhances Your Area Expertise.

This decidedly makes you better geared to take the advantage of the available opportunities.

The strategies that you can decide on the basis of this specialization also further seal your position as an efficient hedge fund manager.

Additionally, quantitative analysis is one of the most popular and upcoming trends in the investment world.

Therefore, by taking up this specialization, you can tackle the challenges of the financial world a lot more efficiently.

Education at the top institutions also means that you get connected with some of the top names in the industry.

Most of your classmates go on to become noteworthy investors and fund managers.

Therefore, you can easily create a circle of notable connections and friends who can help take forward your investment initiatives a lot more efficiently.

3. Do You Have the Aptitude to Be an Efficient Hedge Fund Manager?

However, education qualification is just one part of the story.

One important step in how to become a hedge fund manager is the simple fact that you should have the aptitude for it.

After all, becoming a hedge fund manager is as much about academic proficiency as it about personal interest.

This is because the hedge fund managers’ job is a relatively high-stress position.

Though the handsome salary compensates for the hard work and the stress associated with the job, you need to be clear about your personal preferences.

Apart from the related stress, you also have to understand that the hedge fund industry is terribly competitive.

If you do not have the right combination of passion and drive, handling the pressure can be a rather uphill task.

You have to understand that along with theoretical understanding, you also need to have the will to handle the stress.

Apart from this, your aptitude that can help you in becoming a hedge fund manager also includes other skills:

Business acumen:

It is about how deftly you can handle money market pressure and anticipate developments.

This will no doubt increase the rate of your success in a decidedly pronounced manner.


This essentially dictates the kind of drive that you bring into your profession.

An efficient hedge fund manager will leave no stone unturned in getting the maximum value for efforts and initiatives.


This is one of the most intangible factors in the money market.

Often people approach a hedge fund over others is simply the reputation of the fund manager.

If the fund manager has a reputation of credibility and authenticity, a lot more people would be interested in investing in the hedge fund.


Reliability and reputation go hand in hand.

If you want to understand how to become a hedge fund manager, it is extremely important to understand that reliability is important.

If you have earned a name for yourself as a reliable hedge fund manager, you can easily gain better clients.

4. Don’t Stop the Learning Curve

Have you ever wondered what a hedge fund manager’s biggest asset is?

In many ways, more than the academic degrees or personality traits, it is the individual’s will to learn from experiences.

Be extremely receptive to changes and the million new facts that are happening all around you.

Never think that you know enough and there is nothing more for you to learn.

That could very well be the end of your hedge fund career.

If you want to become a hedge fund manager with a track record of success, you need to further the learning curve at every instance.

If you are keen on becoming a hedge fund manager, it is extremely important to continue studying the field that you are working in.

There Is a Variety of Hedge Fund Specific New Journals and Reports

Detailed study of these can always help you in gaining better insight and depth about the hedge fund industry.

It also stays on top of the latest innovation and trading trends.

As you invest time in learning about the various mechanism of the hedge fund industry, your prowess also improves.

This acts in your favor, and you are able to sharpen your skills further.

Another major source of learning is how other major hedge fund managers are conducting their trade.

Often the lessons that they offer by simply following the trading methodology that they adopt is quite inspiring.

Pretty much like the ancient times, when the teacher taught more by experience, you can just choose any legendary hedge fund manager.

By just following their unique trading method to garner more experience, you can learn to master the art of investing their way.

This process is very handy and often yields far better results compared to what you would learn from books.

5. Create Relationships

In the world of finances and especially if you want to become a hedge fund manager, you cannot deny the role of active networking.

We mentioned it a little earlier in that how one can advantage of gaining the education in the top schools is an opportunity to build relationships.

The dynamics of the financial industry is pretty dependent on relationships.

Therefore, it goes without saying that becoming a hedge fund manager is a lot about creating lasting relationships as well.

Often the relationships that they establish can help further their trade a lot more active than otherwise.

Whether you need capital to start your fund or willing investors for the new fund that your company is launching, these relationships can go a long way in furthering your necessity.

Even if it is simple advice or a confirmation of the key policy that you are following, these relationships can be rather handy.

They do not just help you with additional insight, but often for hedge fund managers, this becomes the necessary reiteration of their beliefs.

On the whole, you must understand that strong relationships and networking often form the foundation of a thriving investment career that you aspire to have.

Networking comes in rather handy for a hedge fund manager when you float a new fund.

Hedge Funds Hardly Have Any Promotion

Unlike mutual funds, hedge funds hardly have any promotion.

So these networking channels can always take the word forward for you and help spread the word about the new fund that you might be floating.

On the whole, networking also results in quick dissemination of information in the known circle.

This enhances the acceptance and performance of the fund that you might be associated with it.

Needless to mention it also helps in creating a better response and as a hedge fund manager, it is of primary importance for you.

6. Make a Beginning

Let’s say you get a great degree from a top rated financial/business school.

But does that mean you can instantly become a hot shot hedge fund manager?

To learn how to become a hedge fund manager, it is essential to have patience and start from the bottom.

That is a primary prerequisite.

This hands-on experience in the field will go a long way in sharpening your financial acumen and strategising prowess in a far more effective manner.

Even the best of the books can’t prepare you that efficiently.

This is why you must join any hedge fund at the beginning as a hedge fund trader/analyst and then go on to become full-fledged hedge fund managers eventually.

The benefit of this kind of hands-on training is you are not dependent on any theory or idea or even a style of working.

You are in sync with ground realities, and this type of first-hand experience always helps you in improving your personal investment maturity and understanding.

Developing the Gut Feeling and Instinctive Trading Nuances

In many ways, this also helps you in developing the gut feeling and instinctive trading nuances.

Perhaps you haven’t realized, but gut feeling is an inseparable aspect of successful trading.

Gaining first-hand experience at the junior levels also helps you in furthering your networking skills.

There is no better way than being at the hub of all the activities and then building better relationships based on that.

Often relationships that you forge at this level of your professional journey stay with you forever.

They can help you achieve many successful feats and take you relatively higher in success filed.

Another big advantage for those working in the hedge fund industry is that they can easily understand the latest trends and follow them closely.

7. Marketing Plan Is Crucial

Becoming a hedge fund manager is also a lot about becoming a strong marketing person.

You have to understand that the hedge fund that you create or you are trying to sell is as much a product as toothpaste in a grocery shop.

Therefore, just like the toothpaste needs some bit of planned promotion and marketing, the hedge fund too needs the same type of care and concern.

Therefore, a hedge fund manager has to be a deft marketing person as well.

This will guarantee a strong upward journey for the fund over the longer term.

As a hedge fund manager, a strong marketing plan will act like an insurance against future failure.

Proper marketing will make sure that the response to your product is positive.

Marketing is not just about strong promotion.

It also means that you need to present the product suitably and in a completely acceptable manner.

To become a successful hedge fund manager, it is important to pay attention to even the smallest details like letterheads and business cards.

That will ultimately create a sustainable image and long-term accountability for the product that you present to investors.

8. Look for Unadvertised Job Opportunities

Becoming a hedge fund manager isn’t simple at all, but you can value add and make it a winning proposition by introducing some simple tips.

First and foremost, how do you go about looking for jobs?

Newspaper clippings, postings on job sites and reference based interview calls are passed.

Try out a brand new approach.

Make information as the ultimate power.

Use your hunger for knowledge and curiosity for excellence the channel to drive future growth in a sustained and stable manner.

So how exactly would you go about it? Make a list of some of the rather dynamic hedge fund houses and make information based calls to them.

When you place this kind of calls looking for information to these small and dynamic hedge funds, they will be able to identify the passion that you bring to your job.

It is needless to mention that this becomes a great way to grab training and job offerings with the great pay scale.

Also, this type of initiative highlights your passion and commitment towards becoming a hedge fund manager.

As a result, this becomes the first step towards gaining the respect and acknowledgment of your fellow colleagues.

It also makes you a more valued employer.

This makes the journey up the hierarchy ladder a lot smoother.

This further improves the chance of your job being a far better fit in terms of suiting your passion and proficiency.

You can approach the shortlisted firms, explain who you are and then offer to take them out for coffee or a treat.

In return, make a simple request to learn more about what the hedge manager does and the related details.

Use this as an active source of enhancing your network as well.

Therefore, this acts in a two-fold manner to further your dream of becoming a hedge fund manager.

9. Aggressively Apply for Hedge Fund Manager’s Jobs

The hedge fund space is identified by severe competition and stiff peer pressure.

Therefore, applying for jobs as hedge fund manager can’t be simple either.

Don’t keep waiting for an advertisement about the job vacancy.

It is extremely important

  1. To approach companies on a one-on -one basis
  2. Connect with a variety of hedge fund groups and journals
  3. Add a CFA or CHA designation to your repertoire
  4. Attend conferences to connect with famous professionals

Once you have applied to a hedge fund, don’t just rest easy.

It is always great to wait for a few days and then follow up with a phone call.


When you are exploring how to become a hedge fund manager, remember that most firms are looking for smart, committed and passionate professionals.

Therefore, if you have the relevant degrees from some of the best academic institutions, simply get on with the job.

At the initial level, working as an intern can be a great beginning towards becoming a hedge fund manager.

If needed, you can even consider doing more than one internship.

This deepens your experience and at the same time, improves your networking capabilities.

Last but not the least, nurture your network really well.

A great hedge fund manager makes meaningful gains from the network and often becomes one of the strongest foundations of growth for their career.

So if someone asked you today, what is a hedge fund manager, you could lucidly explain that a hedge fund manager is a visionary who can market their product aplomb and make adversity an opportunity for them.

How to Become a Personal Banker

There are some banking jobs that are more demanding.

I am always asked by some people how they can get those jobs.

How to become a personal banker that makes a good salary is one of those frequently asked questions.

Different careers have different challenges.

Each person depending on their personal strength and weaknesses choose careers that suit them.

Personal BankersIn fact, you would notice that need and availability are invariably the biggest deciding factors.

In this context, one career that has often been chosen for the stability and success that it guarantees is that of a personal banker.

So, if you have decided to become a personal banker (which is what I don’t encourage you to, because there are much better opportunities to make a living and even become rich), it is important to understand the ways to master the training procedure and ways to achieve success and draw a handsome personal banker salary.

If you have decided to become a personal banker, you must understand the exact personal banker job description first and foremost.

Well, they predominantly help customers with their different needs in the retail branches of a bank.

What Does a Personal Banker Do?

In fact, personal bankers cater to different types of customer needs like:

  • Opening of savings account
  • Applying for mortgage or auto loan
  • Opening fixed deposits
  • Getting details about other investment instruments
  • Deciding on the appropriate savings scheme for future

There are many small and big requirements that every customer in the bank needs assistance with.

A personal banker invariably becomes their go-to person for all of these and more.

One basic difference between a personal banker and an investment banker is the profile of the customers they cater to.

An investment banker is essentially dealing with high net worth individuals and institutional investors and big budget customers.

But a personal banker deals essentially with common day to day people.

They deal with average citizens with access to little savings and a limited sum of money to deal with.

Sometimes, unlike the customer profile that investment bankers deal with, these personal bankers also handle customers who might not be very comfortable with banking systems also.

Your Communication Skills

It is quite clear that if you want to understand how to become a personal banker, work on your communication skills.

This is absolutely important.

A successful personal banker has to be great at interpersonal skills and be quick in establishing communication channels with the customer.

They have to be swift, agile, quick to spot an opportunity and smart sellers of the banking products.

But most importantly they need to be thorough with the various banking products available and the various age or professional groups these are targeted at.

This is exactly why another important factor is you need to be physically fit if you want to become a personal banker.

It is a very challenging job that needs you to remain standing or even seated for a long while.

Your working hours too can be quite long at times and sometimes you might have to take calls even on your holidays.

Therefore, if you are keen on knowing how to become a personal banker, it has to be comprehensive and all rounded relook at your overall personality development coupled with academic training to fulfill the needs of the job.

Academic Training to Become a Personal Banker

First, Let us first understand what the educational qualification is required if you want to become a personal banker.

A degree in finance and banking is extremely important to pursue any kind of banking profession.

After you complete your high school degree, it becomes important to pursue your undergraduate studies in banking and finance matters.

Even at high school level, interested candidates must pay attention to their maths and commerce classes.

It is important to follow this pattern of academic training because this is what creates the base for a long and productive career in the banking industry.

When you want to know how to become a personal banker, it becomes extremely important to understand the various minor points of the money business, and it is this training that creates the right base.

You learn to understand the various nuances of mathematics and economics and learn to apply them in the banking system.

For the better understanding of the various financial and banking intricacies, in-depth knowledge of these basics is very important.

Taking forward the same train of thought, you badly need to get your BA or undergraduate degree in finance, accounting and related subject.

The Competition Is Huge

Given the immeasurable stability that this job provides and the goodwill associated with it, often the competition to apply for this type of job openings is huge.

So when you have a relevant finance degree, it surely enhances your prospect for landing the job as compared to someone who might not have a degree to substantiate their eligibility.

But just pursuing your studies in the right subject won’t suffice you to become a personal banker.

You also need to work hard towards earning good grades and consistently putting up a good show in terms of comprehensive and qualitative academic brilliance.

You must remember when the interviewer is ultimately studying your application as compared to the others in the fray, it is your better grades that can sometimes ensure a better job placement for you.

It is after all common practice that the higher grades always get better offers, not just in banking service but also in any type of job offer based on academic performance.

The popular belief is that if the person is diligent as a student, this generally means they also prove to be hardworking professionals.

It goes without saying that every organization looks for that type of professionals to ensure better productivity.

1. Internship/Part Time Job

It is a good idea to take up a summer internship or a part-time job as an assistant to a personal banker if you plan to become a personal banker.

There are many advantages of this move:

First and foremost, this helps you to gain real life experience about the realities of the job

1) You get exposure not only in terms of gauging the realities but also understanding of how to go about troubleshooting

2) You get access to more money that you can allocate towards better study material.

This will help you further broaden the scope and understanding of the overall subject.

3) Going to the bank regularly also ensures that you can actively interact with a lot more bank officials and get access to classified information like job openings.

This can help you in the longer term when you are actually out looking for the job.

4) One of the greatest benefits of working part-time is you are gaining both academic and real life learning at the same time.

You should broaden the scope of academic understanding of the banking operation.

But you should also develop personality traits that are important for your success.

5) In this way, even before you have joined a formal job, you tend to create a huge base of customers.

These customers should prefer to interact with you and are more comfortable dealing with you.

6) In the course of your regular interaction, you also can look at getting some mentors too.

These mentors will then guide you towards better success.

They should help you understand how to become a personal banker who is also efficient and draws a significantly satisfying salary.

The Salary

The salary as in the case of investment bankers is often based on the overall commission layout and inside information can prove to be very critical in this case.

Therefore, this additional job opportunity creates an inroad for becoming a better personal banker.

Also, the networking that you work upon can even help you create sustainable and long-term options.

They can work towards not just creating better opportunities for you.

But at times, this job exposure could be the reason how to make a mark in this type of a career.

After all when you start early, it surely helps you gain more competence.

2. Never Compromise on Reading

Another aspect that can help you become a personal banker is a simple fact that never let the urge to know more and understand better fade.

One effective way of doing it is read continuously and keep looking for more reading materials.

Moreover reading about different aspects of banking will also enable you to make a decision on what could be the best career alternative for you.

There are as a result many benefits of reading and furthering your career prospects in banking through it.

Some of the most important elements include:

1) It helps you remain updated on all the latest trends in the banking world

2) It enables you to make informed choices on various aspects of banking across the board

3) Reading empowers you to develop greater depth in your overall learning curve

4) Reading also enables you to stay well informed on a wide range of topics.

This is particularly important if you want to strike a conversation with the customers and ensure that you develop better interpersonal relations with them.

5) Reading also helps you remain relevant for both your organization as well as the people you interact with.

You can advise them on the latest trends and help them make decisions in sync with modern demands.

3. The Key Responsibilities of Personal Banker

Now that we understand how you can how to become a personal banker, it becomes important to understand the primary responsibilities of a personal banker.

Opening Accounts

This is perhaps the most important and commonly understood job of a personal banker.

This is, in many ways, their standard duty.

The personal banker helps customers to open new savings accounts and also enable existing customers to further their savings profile.

Normally you see the personal bankers sitting across the large desks in the bank lobby in most retail branches of banks.

As a personal banker, you work towards customizing the accounts to fit with the overall customer’s demands and requirements.

Not just helping in opening savings accounts, as a personal banker, you are also in charge of the various ancillary services like overdraft facilities and customer specific roundup facilities.

They also help create checking account where every debit card purchase is rounded up to the next dollar.

The excess change is then placed in a savings account to help the customer create additional savings.

Investment Product Sale

Well, it is common knowledge that retail banks do not offer very aggressive instruments of investment like what you would see in the stock market or investment banks.

Nevertheless, they do have ample investment scope for their clients with guaranteed return prospects.

Some of the most popular ones include Federal Deposit Insurance Corporation or FDIC, CDs, money market accounts and retirement plans.

Some customers are pretty confident about how much and in what they want to invest in.

But there are few who need guidance and sufficient hand-holding the personal banker comes to their rescue.

Therefore if you want to become a personal banker, you should be well versed with various investment instruments and how well to target them to a specific customer.

Helping With Loans

It is common knowledge that the client base that a personal banker is dealing with do not boast of a huge money power.

In fact, they have far fewer resources in hand.

Therefore the need for the loan is also more prominent and common.

Therefore if you plan to become a personal banker, it is advisable to brush up your understanding on the overall loan picture.

The fact that you are licensed to sell mortgages means you must understand what the right solution is for a specific customer and work towards it.

This is particularly relevant for small scale banks.

Remember the smaller the bank is, the more varied is your role as a personal banker.

So you are required to perform a number of responsibilities in one go.

However, you must remember that as a personal banker, you can only offer loans that your bank is offering.

As compared to the mortgage broker who can offer loans from a dozen banks to the customer, you might be at a disadvantage.

Again, an efficient and smart personal banker turns this into a huge opportunity and is able to sell their own bank’s loans a lot more than average.

Planning For Retirement

As the personal banker undertakes a lot more personalized approach, customers open up a lot more candidly to them.

When customers tell you about their need for retirement planning or child’s college education liabilities, you can easily turn it into an opportunity for your bank.

Sometimes as you gradually become a personal banker par excellence, you learn to beautifully combine the customer needs with your banks offering and bring about a perfect marriage of convenience.

Your role as a personal banker in this case also wears the hat of an advisor.

4. Personal Banker Salary

That brings us to the key point, and that is the scope for a personal banker salary expectation.

It is common knowledge that they are not paid as well as an investment banker.

But if you plan to become a personal banker, your salary can range between $30,000-35,000 depending on the customer base and product offerings you deal with.

One must remember that every bank has a unique pay structure and sometimes it is hard to draw corollary.

But a common element is that it is a mix of bonus and commissions that a personal banker earns through the products that they sell.

This essentially means the more the personal banker can sell, the more commission he or she can earn.

As a result in this context, your networking abilities can be really handy.

The more you can network, better becomes your ability to sell these products, and as a result, this enhances your commission and overall payment.

This can rise to the extent where a personal banker can even earn as much as $50,000 a year or even greater depending on the location you might be in.

The working hours of a personal banker in correlation to the overall salary that they draw is the biggest plus.

If you want to become a personal banker, set working hours and leave on all bank holidays is a big bonus.

Unlike Wall Street investors, they work far less than on certain weeks that might have extra holidays.

So while the compensation package is relatively lower, you are also working a lot less than an average investment banker who perhaps earns double the amount that you might be earning.


If you want to become a personal banker, it is a unique mix of a challenging yet relaxed job profile.

It is a profile that gives you a lot more scope to interact with people at a personal level and work towards achieving greater good coupled with strong business acumen.

It is a career option that helps develop your investment skills with the task of helping the community.

On an average you become the ultimate go-to person in the bank’s overall approach road and can often be instrumental in driving greater traffic towards the various offerings in a bank.

A personal banker is almost the bridge between the community and the bank’s bag of offerings.

What Are the Clinical Documentation Specialist Jobs?

If you are looking for a home job option, one potential alternative would be the clinical documentation specialist jobs.

Now I am sure your next question would be what exactly does a clinical documentation specialist do?

Well, these professionals essentially manage documents related to clinical trials and any clinical services.

The importance of clinical documentation is rather widespread in the current context.

Not only does it enhance the opportunity to extend a better care regime but also helps highlight the key areas of improvement that you could focus on.

Clinical Documentation Specialist JobsMost importantly it creates an opportunity for evidence-based healthcare services.

This also makes it possible to create a centralized database of information from all sources.

In short, it becomes a one-stop shop to know about the different health condition and care initiatives taken for a specific patient.

The core idea of this type of clinical documentation is to maintain overall accuracy and create a certain basic standard of medical charts.

They have different types of work opportunities available ranging from full-time, part-time to even freelance opportunities.

Qualifications Required for Clinical Documentation Specialists?

I am sure if you are considering clinical documentation specialist jobs, the first question that would come to your mind is what kind of qualifications you would need to qualify for this job.

Well, you need to just have a bachelor’s degree or an Associate’s degree in Nursing, health management or even health information technology for this job.

You must remember that those working towards clinical documentation need to have a prior experience of 2-5 years before they can look at accessing and exploring the opportunities that this job provides remotely.

However, those candidates who are exploring home job options in this field must ensure that they have certain certifications in place.

These certifications are extremely important for the overall professional excellence of an individual and also the smooth functioning in the role of a clinical documentation specialist.

To make it even simpler for you, we decided to list out the key qualification requisites that you need to keep in mind to undertake the job with ease.

1. Most clinical documentation specialists need to have either of the following degrees or a combination of it.

This includes:

  1. RHIA
  2. CCS
  3. RHIT
  4. RN
  5. MD
  6. LPN

2. Interested candidates must also have the necessary experience in clinical documentation improvement, and/or coding.

This helps them to significantly expand the ambit of their operation and also significantly broaden the scope of work.

3. Interested candidates who might be looking to apply for the clinical documentation specialist jobs also need a minimum of 5 years working experience.

This needs to be essentially in the field of medical records along with coding and nursing.

Ideally, experience in an acute care center would be the best bet.

That apart, some specific qualifications are required for anyone looking to be a clinical documentation specialist.

These skills include:

  1. Coding experience while working with ICD-10-CM
  2. Knowledge and expertise in CMS IPPS

Additionally, all aspirants also need to be certified Clinical Documentation Improvement Specialist.

Alternatively, they can also be CDI professionals.

CDI, in this case, stands for Certified Documentation Improvement.

Most importantly, it is very important for them to have sufficient knowledge about various facets of medical science and surgery.

They should be aware of what critical care is all about and extremely well versed in case management.

Regulatory compliance and data reporting are the other major prerequisites that can help you apply for clinical documentation specialist jobs with ease.

Not only are these qualifications important to help you stand out but also in many ways, they can help you become a competent and efficient professional.

You can well understand that the qualification or certification requisites are not terribly fantastic.

One can easily get these if they want to create sustainable career opportunities with flexible working hours and schedules that allow you to have more quality time with your family.

What Is the Nature of the Clinical Documentation Specialist Jobs?

That brings us to the next aspect of this job.

The question is how do the clinical documentation specialist jobs fulfill your work from home aspirations?

Well, that is because a major part of this work involves telecommuting.

That means the resources or the infrastructure that you need to successfully complete these assignments do not range anything beyond the basic telephone and computer.

Most times, the job timings never go beyond standard working hours.

Therefore, the job suits the exact nature of the flexible schedule that you might be on a lookout for.

You essentially hold a managerial position, and your responsibilities include

1. Auditing:

This includes auditing of crucial data and details as part of the clinical documentation.

This is important to maintain a centralized approach with an eye on every healthcare initiative that might have been taken for a particular patient.

That is exactly why it forms an integral aspect of every clinical documentation specialist jobs.

2. Performance Standards:

Most clinical documentation specialists need to maintain a certain leadership and quality standard.

More often than not, the ground rules for these is pre-decided by the client when they appoint you for this job.

3. Consulting Solution:

A clinical documentation specialist also is responsible for providing consulting services to healthcare institutions.

These consultation exercises are targeted towards helping them enhance the quality of service and the extent of quality consciousness that is being observed by specific health-care institutions.

4. Data Analysis:

A clinical documentation specialist is also involved in assessment and analysis of statistical data.

As the world is shifting continuously to more evidence-based health care services, clinical documentation and its in-depth analysis are also gaining importance.

5. Medical Records:

This is perhaps the most basic purpose of clinical documentation.

Creating a systematic record of clinical or medical records is most important for extensive uninterrupted and continuous medical care.

The presence of proper records makes it a lot more seamless.

6. Review of Charts:

Though it is a work from home opportunity, a clinical documentation specialist needs to be on their toe at all times.

They have to review all charts that they are documenting.

Conducting overall chart reviews is often seen as an important step towards making this entire process a lot more transparent and create better quality records.

7. Validating Request:

Being competent enough to validate various requests goes hand in hand with key requisites of the clinical documentation specialist jobs.

8. Creating Complete Medical History:

Review and record secondary and primary diagnosis as part of medical records is also an integral part of clinical documentation specialist jobs.

The importance of this kind of documentation is that it limits the scope of potential miss or highlights the scope of any possible loophole that might have existed in the overall healthcare procedure that has been adopted thus far.

9. Quality Consciousness:

Implementation of various relevant quality reviews that could be necessary or requested by the client is also as part of the job for a clinical documentation specialist.

Almost every part of the documentation exercise is considered to be an integral part of the clinical documentation specialist jobs.

What Skill Sets Do You Need for Being a Successful Clinical Documentation Specialist?

Now this one is a very important consideration.

While the academic qualifications and certifications can surely help you climb the ladder in your tryst to be a successful clinical documentation specialist, the difference or the distinguishing factor is borne out by certain personality traits.

These are essentially those characteristic features of your personality that not only lend a distinct identity to your personality but also help you achieve greater and better success professionally.

They help you enhance the core competencies, help you edge past peers, and in most cases, they enable you to grasp an issue or a job requirement much better and in a relatively comprehensive fashion.

Here is a list of some of the primary characteristic traits that can surely make you better professionals include:

1. Communication Abilities:

A major part of your job as a clinical documentation specialist happens via telecommuting.

This is exactly why you need to have excellent communication abilities.

You should be able to convey your thoughts, suggestions and be also equally receptive and be a good listener too.

We often form opinions about individual just by speaking to them.

This is exactly for this reason that you must work towards brushing your communication ability and create a more lasting impression.

Moreover, your manner of talking must be extremely pleasant.

You should look at making the person at the other end comfortable while speaking to you.

This will immediately make you more acceptable as a clinical documentation specialist and help you get access to better data and information.

2. Leadership Qualities:

Leadership ability is not a virtue reserved for team leaders alone.

More often than not, these qualities come in rather handy in almost any phase of our day to day life.

You must understand that to lead from the front and take instant on the spot decision is a characteristic feature that can come in handy in any profession.

Not just in the role of a clinical documentation specialist who has to tackle multiple challenges in one go, this is a personality feature that will help you stand in good stead in any job.

Therefore you must hone your leadership skills at all cost.

This will also give you the required confidence to scale up your career in future.

More often than not, clinical documentation specialists face stagnation in this work from home job.

It is this leadership skill that can help them move forward in their chosen career.

3. Strong Interpersonal Skills:

Of course, this one is connected with the previous requisites.

As a clinical documentation specialist looking to make it big working from home, you must take care to develop your abilities to connect with others as effectively as possible.

If you feel that you are naturally not as competent in this case as you should be, you must also look at undertaking some special classes and gradually take it forward.

Also, remember that this is a skill set that improves only gradually and you must be patient with yourself.

Don’t be in a hurry and try to be over-friendly.

That can often worsen the overall balance.

4. Organizational Abilities:

Needless to mention, a clinical documentation specialist has to be organized.

They are in charge of maintaining various types of documentation.

The absence of organizational skills could be rather detrimental to the overall success and quality of your professional achievement and excellence.

You need to be organized to cut out chaos and bring in order to reams of files and medical documents.

5. Efficient Multi-Tasking:

This is almost always interconnected with an individual’s organizational abilities.

You must understand that you are handling a number of responsibilities in one go, and the absence of efficient multi-tasking can only worsen the problem.

How you can successfully undertake multiple responsibilities and work out a strategy to deal with them effectively, is very important.

Do not not feel overwhelmed by the workload and be adequately confident about dealing with them in step by step manner calmly.

Those who multitask with aplomb will find this job rather cakewalk.

6. Medical Coding:

Last but not the least, as a clinical documentation specialist working from home; you must pay more attention to various types of medical coding and look towards excelling in them.

This is a rather crucial element of your overall job profile, and you must take care to do well.

Salary Outlook

One of the most important factors that you might want to know now is the salary outlook in clinical documentation specialist jobs.

Can they make tons of money with this job or is it more like a secondary employment opportunity?

This is a very important question as it gives you a realistic picture of the kind of effort you are putting in and the kind of return that you can expect.

Broadly a clinical documentation specialist has a rather tight schedule.

Though it is a home based opportunity, most professionals have to put in longer hours in generally.

A quick look at job sites that list postings for clinical documentation specialist jobs reveal that the lower salary band for this job opportunity might be capped at $15,000-20,000, but the prospect of scaling up is pretty expansive.

The upside, in this case, is essentially dependent on how expertly you can handle our responsibilities and how well you can scale up in the face of myriad opportunities that you might be exposed to.

That means the more efficiently you can handle your job, the better becomes the prospect of earning more money from this job.

Of course, there is differentiation based on the place you stay and the kind of job you are taking up.

We have to understand that the demand dynamics and the monetary competencies of various geographies are unique and the challenges posed are also unique in this context.

Therefore, the kind of salary expectation of a clinical documentation specialist based in the US might be quite different from that of someone in South Asia.

With improved internet penetration and the possibility of working from home, it is now possible for clinical documentation specialist across geographies to take up job opportunities in different countries.

While this surely opens up job opportunities and a greater scope for you to make money irrespective of the location that you reside in, you also need to adjust on certain grounds.

You have to understand that there is no standardized global salary outlook.

Most times it depends on the unique geographical and geopolitical situations.

How to Apply for Clinical Documentation Specialist Jobs

But the good news is that you can apply for these jobs online.

There are several genuine job listing sites which post sufficient entries in this category as well.

The kind of money that these potential employers are ready to pay will give you a fair idea about the expectations you can have, especially when you are working across geographies.

Depending on your efficiency and expertise, there is also a scope to scale up these opportunities even further and perhaps also negotiate for higher rates if the opportunity presents itself.

So overall, you can say that the clinical documentation specialist work schedule is quite conducive to working from home.

The trick is to keep you calm, earn your degree or certification and keep applying to potential clients.

With diligence and a little luck, you will soon be able to earn rather hefty salaries working from home.

The most important challenge in clinical documentation specialist jobs, is undeniably the precision and the balance that efficient execution of the work requires.

In this job, you are dealing with sensitive clinical records.

In the absence of appropriate channels to deal with them, it can even lead to jeopardizing someone’s medical history or the future treatment procedure.

So a successful clinical documentation specialist is an alert professional with complete dedication and perseverance.

They are in general stickler disciplined precision, and that is often what makes them popular as a clinical documentation specialist.

Small Business Ideas for Small Towns: Not All Businesses Work in the Small Cities

So you live in a small town and you want to start a small business and are looking for an idea, right?

There are so many small business ideas for small towns, but not all of them work the same.

I share some of the good small business ideas here, because obviously you are that type of person who is looking for a regular brick and mortar business, otherwise you wouldn’t be here on this page.

Different types of locations have different business dynamics.

This is exactly why the business requirements in small towns are very different from top cities.

That could have worked as a very successful business proposition in metro might not be among the most successful small business ideas in small towns.

Therefore, the question is what could count as a great small business idea that works properly in a small town?

I will share some of the good small business ideas with you, because obviously you are that type of person who is looking for a regular brick and mortar business, otherwise you wouldn’t be here on this page.

The business ideas I am sharing below, are for those who want to have an income to make a living with.

They are not for those who want to become rich and financially free.

Maybe you say you are among the ones who just want to make a living and you are not after becoming rich through your small business, specially because you live in a small town.

That is an absolutely wrong mentality.

Living in a small town, or needing to make some money to survive, doesn’t mean that you can’t think about becoming rich.

I am not going to refer you to a get-rich-quick program.

I am just talking about “thinking” and “dreaming”.

It is not a crime to think big and have big dreams, is it?

It is not harmful as well. So, read the below small business ideas while you are dreaming of something: What if you become the richest person of your small town?

Think about it and I will let you know at the end of this article.

Small Business Ideas for Small Towns to Make a Living With

Small Business Ideas for Small Towns

Well, there are actually many alternatives.

The idea is to undertake the right kind of market study and gather suitable information to cater to the right set of demand profile.

I created a handy list of successful small businesses in a small town to help you navigate through your entrepreneurial dreams more efficiently and get a better grasp of your business.

1. Coffee Shop as a Good Small Business Idea for the Small Towns

Coffee Shop

Think about the quaint little coffee shops in sleepy little towns and instantly you will realize owning a coffee shop is among the most successful small businesses specially tailor made for small towns.

You must realize that most international coffee chains would make a beeline for the top tier cities given the higher business opportunity and revenue prospects.

However thanks to globalization, people in even distant and remote areas could nurture the ambition of getting these classic cafe experiences and that would be your opportunity to cash in on.

You can even look at expanding the reach by keeping a possibility of serving alcohol post work hours. In that way, you can cater to two different types of clientèle under one roof.

On the one hand, you would have the afternoon college crowd taking a break over some small tit bits and coffee and then comes the post work crowd ready to unwind with some alcoholic beverages after a hard day.

2. All Purpose Grocery or Convenience Store in Small Towns

Convenience Store

The grocery store too can be considered as top contenders in the list of successful business ideas for small towns.

A mom and pop style shop requires significantly low startup capital and the relative investment in provisions is also significantly manageable.

This kind of business will ensure that they will always have a continuous chain of cash flow on a regular basis.

Because on an average however well planned a shopper one might be, there is always constant need for regular provisions like jam, bread, biscuit, drinking water and the like.

This type of grocery store will comfortably fill that void and make it a great hangout joint over a bar of chocolates.

If you are looking to expand, you can also stack up latest newspapers and magazines that people could either buy or read for a price like a mini journal library too.

But you need to conduct some sizeable market study in the kind of products that you should store, the kind of demand that’s there for essentials.

Most importantly pay close attention to the kind of things that people are struggling to get around you and that’s your cue to get exactly that and in bulk.

3. Water Refill Centre in Small Towns

Water Refill

This could be among the top 5 in the list of the most successful small business ideas if you are in a small town which has a scarcity of portable drinking water.

In one master stroke, you will be addressing the basic and greatest necessity of the residents and also churn out sizeable profit for you.

Water is one of those basic needs that you cannot ignore.

So you will be simplifying a major challenge in your effort to realize your entrepreneurial dreams.

It could really help you to make this decision is that the relative cost of these water stations is significantly lower.

4. A Boutique


A small town often tends to lack a great shopping place, but that also means that you have another listing for a small business idea.

Yes indeed, if you have always wanted to be a designer, have a reasonable sense of cuts and patterns and can get the raw material, grab this golden opportunity.

You could even save the people from making those painfully long drives to the big city to buy good looking clothes.

They can now buy quality clothes right from their neighborhood and you too experience the joy of doing something you like.

5. Vape Shop Small Business in Your Small Town

It is a misconception that vape shops are only for big cities.

In fact, it is among the most successful small business ideas for small towns.

The latest data indicates that there is still a demand for these vape shops despite an overall decline in smoking rate.

Of course, the place that you are in and the specific state that you are targeting could make a difference depending on the local regulation.

But overall, there is a strong demand for it despite a niche placement for this type of business in small towns.

6. Bakery


There are hardly options that could better this one in your tryst for the most successful small business ideas for the small towns.

Particularly if you enjoy baking, have the resources to start a shop with a steady supply of most in demand goods, this could be one of the easiest business to start even from home.

You could even use the living room window to be your storefront if required.

Food items always yield high profit margin if managed carefully.

The trick is to identify the right type of products and the kind of customers you are catering to. That will no doubt help you make more sustainable choices.


All in all, the most successful small business ideas that you can choose to open in a small town are all about identifying the right kind of business.

You must undertake a very detailed study of the market you are catering to and the existing demand trends and average behavior of the people.

All of that would help you get a better understanding of the small businesses that you could plunge into.

We created a list of some promising small business ideas that have a higher chance of success in small towns.

The trick is to capitalize on them and adapt them as per the precise needs of your locality.

But now I am going to talk about something that I promised at the beginning of this article.

Most probably you have found this page because you are looking for a good business idea that works in the small town you are living in.

The above small business ideas are all good, but there are some problems with them, and so, I don’t recommend you to spend any time and money on starting them.

First, they need a lot of money to start while it can take a long time to take them off the ground and start making profit with them.

Therefore, you have to have a lot of money to start and a good backup to survive while the business doesn’t make profit.

That lowers your success rate, and it is possible that you give up after losing a lot of money and wasting a lot of time.

Borrowing money from the the others is a terrible solution, simply because you never know when you will be able to return their money.

This can get you into serious troubles specially because you live in a small town.

Second, the above businesses, although they are among the top small business ideas that have the highest success rate in small towns, are not scalable and are always struggling.

It means even if you can make them profitable, you have to work day in day out to keep a fixed income coming.

If you stop working for a week for some reason, you will be in trouble to pay the rent.

You will like to increase the income but you can’t do it easily.

How can you increase the income of a boutique or bakery in a small town?

It is somehow impossible because there are so many factors that aren’t under your control.

Even if you offer the best service, the number of your customers will always be under a special limit.

The other question is how you will deal with the economic recessions and the occasions that people don’t make enough money for a while?

I have seen that even barbers get into trouble during a financial crisis and recession because surprisingly most people go for a haircut less frequently when they make less money or they lose their income.

The conclusion is that it is a terrible idea to run any of the businesses that I listed above, and if you do so, the chance of your success is below 5% according to the statistics (read this).

In spite of this, you had no option in the past, and you had to go for a small business like the ones I listed above.

You couldn’t do better and you had no better option.

But things have changed a lot, and you will be a loser if you don’t make the most of the new things like the Internet.

You can start a scalable worldwide business that gives you money, time and location freedom, and can make you rich: What Is Data Technology and How It Can Make You a Millionaire?

So, run a “small” business which is as wide as the world, and can be managed from anywhere not only from your small town.

Passive vs Nonpassive Income and How to Have Both

When you look at the various income sources, you can broadly classify them into two categories.

These are passive income and nonpassive income.

The moment you think of a passive source, you could consider any form of business or earning where you do not have to be involved on a day to day basis actively.

Nonpassive source of earning, by definition, points to any kind of activity where the level of initiative or activity is more pronounced.

Often the difference and debate about passive and nonpassive income is seen in the taxation perspective in a most pronounced manner.

The rate of tax that you pay is often dependent on whether you have passive vs nonpassive income.

The US revenue department, in fact, has incorporated several tests to identify whether a source of income is passive or nonpassive.

Passive vs nonpassive income have a direct correlation to the amount of tax that you pay.

Additionally, in many ways, it impacts the exact amount of income that you can hope to generate from a profession.

It also often decides on the career path that you eventually zero in on.

Definition of Passive income

Passive vs Nonpassive Income and How to Have BothIf you look at the classification made by the tax department, there are broadly three main classifications of income:

  1. Passive income
  2. Active income
  3. Portfolio income

So, what exactly is meant by passive income?

As the name suggests, it is any income where you are not actively involved.

So, it could be the earnings that you could generate from a rental property or for that matter, a business where you have a limited partnership.

You are not actively involved in the day to day running of the business and have no material involvement in the overall running of the business.

Even for that, portfolio income is considered as passive income by some analysts.

The argument is rather simple.

The dividends and interest that you earn are often without your direct involvement in the entire procedure.

Of course, you might have worked hard in getting the portfolio created but beyond that, the market forces come to play, and an individual’s role is almost non-existent.

If you notice the recent trends, passive income has often been used rather loosely in the modern perspective.

The most basic derivation is any regular source of income where you have little or no role beyond the conceptualization part.

Most times, when people seek to adopt a better-quality life, devote more quality time to family, this is seen as the most convenient arrangement.

You work from home on your own terms, and that is often the biggest pull for opting passive income.

While it might not be something as effortless as a lottery win every time, but surely the capital gains that you incur can be termed as passive.

But if you are trying to classify these from the taxation perspective, then passive income has a relatively more precise positioning.

For example, it does not include a lot of online work from home in that category.

Therefore, a very technical definition of passive income would be any kind of earning where there is no material involvement of the taxpayer.

So, material involvement becomes the key point of consideration when you are trying to differentiate between passive and nonpassive income.

Perhaps this is the reason that often instances of self-charged interest and situation where you earn profits from shares issued to you as an incentive is termed as passive income.

Here are some basic income options that get termed as passive:

1. Property Income

When you go on to define passive income, this is perhaps the most popular format of income that is considered.

Whether you own a commercial property or a residential one, any income that gets generated through these channels will be termed as passive income.

However, it won’t be considered passive if you are a real estate professional actively involved in buying, selling and leasing of property.

Though this income is not strictly passive in the IRS book, you can surely claim the advantage of the passive income loss rules if the property happens to see a depreciation in value.

In the taxation terminology, all holdings in land and otherwise is termed as active or nonpassive income.

2. Self-Charged Interest

Essentially this is the income generated from the interest that is accrued from a partnership or a corporation.

This is a business arrangement that is often undertaken to nullify the impact of double taxation.

So, the interest accrued is seen as a pass through impact that gets taxed as passive income.

Also, care has to be taken to make sure that the loan proceeds too are used for the passive activity.

In simple terms, this is a unique situation that refers to the kind of income that you might gain through a chain of passive involvement or rather lack of involvement in a business venture.

3. Why You Would Choose Passive Income Options

Often when you are trying to figure out the difference between passive vs nonpassive income options, the benefits of each individually comes to play do proper justice to the overall concept.

As we discuss passive income options, let us first understand their benefits:

1. This arrangement makes an investor take maximum advantage of the available tax deduction.

This is because when an individual claims loss on a passive income avenue, they often have the deductions offset against the taxpayer’s overall tax claims.

The earnings of consecutive years are also sometimes taken into consideration for arriving at a reasonable tax computation.

2. Moreover, a tax paper who is involved in multiple passive income avenues has the option to group all of these into one large unit.

Then the IRS would not count your material involvement in each of these activities individually.

On the contrary, they will be able to project their involvement in one economic unit that groups all these passive activities together.

This is particularly important in terms of how the tax liabilities are computed in the overall service profile.

Tax Deduction Advantages

The reason being the grouping activity helps you to claim the various tax deduction advantages in the most beneficial manner.

In case it suits your purpose, you can also look at keeping them ungrouped as standalone entities.

It is a kind of business arrangement that is aimed at bringing about the most sustainable value addition to the overall service profile.

Most times, passive income opportunities are more an extension of the individual’s need to generate multiple earning avenues.

As against popular notion, passive income is not just a chosen channel of earnings for retired persons or aged people.

Often, those at the pinnacle of their professional career could look at exploring these opportunities to value add to their existing income opportunities.

However, the concept of passive income strictly in the IRS terms is not exactly how you would consider the options in the practical terms.

It is needless to mention that if you intend to take the maximum possible advantage of this opportunity, you must understand the tax implications very clearly.

Definition of Nonpassive Income

Now that you understand what is passive income, it is time to understand the comprehensive details about what constitutes nonpassive income.

You must understand that just by referring to it as nonpassive income, you cannot term it as active.

In fact, nonpassive opportunities can be

  1. Active Income: This will include the likes of salary, daily wages and the like
  2. Business Income: This is essentially the earnings generated from a business or an investment where you are actively involved

In general, nonpassive income comprises a significantly large number of active income opportunities.

Here there is no via route to get your earnings.

Your income is directly related to the overall work you are doing.

In other words, you are doing something and getting paid in return.

That is also what you would think is active income.

So, while nonpassive income is not equal to active income, this later one forms a very important part of the former larger group.

Without it, the core concept of nonpassive income cannot be judged or considered adequately.

Therefore, it needs to be seen in appropriate perspective.

It is worthwhile to understand in this context that nonpassive income is taxed differently from that of passive income.

You cannot use the losses incurred in one to offset the losses incurred by other type of income.

So nonpassive losses and income cannot be used to offset passive income and losses and the vice-versa as well.

This is particularly important when you are trying to offset losses in a business operation.

However, you must remember that while passive losses can be carried forward, in the case of nonpassive losses, it needs to be settled against income in a specific year.

The concept of carrying forward does not function here in any way.

So, it would not be wrong to define that nonpassive income is essentially a full-time job.

You are putting in a lot of effort and then seeing the returns from this in the form of the income generated through it.

Whether you are in a business or a service, as professional is almost always in control of the nonpassive income that they generate.

It is common sense that if you put in 8 hours of work, you will surely earn more than what you would from 4 hours of effort.

Also, not all nonpassive income opportunities are office based either.

You can also be home and be part of a non passive or active engagement.

One of the best examples of this might be the job of IT professional.

Given the advancement in technology and the easy access to internet, a lot of IT professionals are working from home.

They are doing so to spend more quality time at home, but their earning is directly proportional to the hours they are putting in to get their job done.

In contrast, if you see the role of an app developer, they surely put in effort in developing an application.

But once that is built, and they have sold it for a profit, it ceases to be a nonpassive income destination.

It instantly becomes a passive income opportunity.

They are at that point of time not actively involved in the amount of money they are earning.

Neither are they in control of increasing it as per their requirement.

Till they are negotiating for the right price of the app, this is an active income destination.

But the moment they have got the money in the bank and start enjoying the interest, it is a passive income.

However, if they used the money they earned to develop a new application or used this income to start some new venture, this will again be counted as nonpassive income.

The point here is that whenever we discuss passive vs nonpassive income opportunities, the quality of your participation becomes the crucial and the biggest deciding factor in the entire game plan.

In fact, in the entire differentiation process of the two distinctly different income opportunities, it is the engagement level that makes all the difference in the core profit that is earned or loss that is booked.

Therefore, the involvement in any venture is a primary factor to consider.

Material Involvement in Passive vs Nonpassive Income

Often when you set out to differentiate between passive vs nonpassive income, material involvement is a key term that you often come across.

I think this is one of those unique terminologies that needs to pe explained with an example for better and deeper understanding of the various income formats.

Let’s say I am an investor.

I decide to invest $30,000 in a business initiative, perhaps a mom & pop store at the corner of the locality I stay in.

But I have no time or understanding of the business. So, I find out someone else who runs a similar store but is in need of fund.

I get an agreement from that person that they would pay me a certain percentage of the profit in return for the money that I am investing in.

This earning would then be classified as passive income.

So essentially this means that as long as the investor is not actively involved in the overall business operation and has no role in its profitability apart from providing the money for it, it gets counted as passive income.

As an investor, I do help the owner manage the same store, my earnings would then be termed as nonpassive income.

According to the US tax department, any situation where the overall involvement is beyond mere capital payment would be termed as nonpassive or rather active income opportunity.

One of the simplest examples to understand the difference between passive vs nonpassive income is perhaps the difference between a venture capitalist and a limited business partnership.

The VC firm involved with a company is very actively involved in the running of the business, they oversee the various business decisions and often have a very important voice in board meetings, etc.

But in comparison to this, when you analyze the role of the limited partners in a business and the income they get, it would be considered as passive income in entirety.

Apart from the money they have invested in the company, they have no material involvement in the entire operation of the business.

Therefore, material involvement is often the catch phrase that seeks to differentiate between passive vs nonpassive income, especially for taxation purposes.

So how exactly the tax department seeks to make this differentiation.

The IRS terms an involvement decidedly material if it exceeds involvement of 500 hours in a business where you are invested.

The minimum hours of the range are seen at 100 hours at least.

In other words, the IRS terms any business activity where you have participated for at least 100 hours as material involvement in the entire business.

Therefore, there are some clearly defined rules that will help you grasp material involvement in a business with relative clarity.

More than the actual implications, this is material from grasping the resultant tax implications of this arrangement.

1. The overall individual participation of a tax paper needs to be above 500 hours on an annualized basis.

Often, this will be counted as material involvement that can actually bring about a meaningful difference to business profitability.

2. This essentially comprises the business activity by the group of investors who are not direct owners in the business.

3. However, a taxpayer’s 100 hours of participation in a business can also be termed as non-passive, in case no one else participates for longer hours than this specific individual, who has put in 100 hours.

Therefore, it is very important to identify the entire business activity in relative levels.

4. In terms of total tax computation and difference between passive vs nonpassive income, it is also important to see the period of this material involvement or active participation.

So, on an annualized basis, it can be 500 hours a year but it is also important to calculate the number of years that this has continued.

It is needless to mention that both the individual levels of participation, the group activities and the groups in which the entire list of passive activity is considered all make a huge difference to this core concept of material involvement.

Ultimately, it is the material involvement aspect that seeks to differentiate between passive vs nonpassive income, at least in terms of tax computation and overall tax liabilities of an individual.

Basically, the material involvement is the IRS’ way of understanding about how substantial is the quality of your overall involvement in the entire business activity.

1. What Is Passive Activity & Loss Rules

That brings us to the other important aspect in understanding the difference between passive vs nonpassive income.

What exactly is passive activity? Let us understand this concept with the help of an example.

Let’s assume you have a rental property, the income generated from this source comes to be termed as decidedly nonpassive income.

In the case of a loss, the taxpayer can then claim losses against income from these passive activities.

You cannot look at offsetting this loss against your active income channels.

Though it is possible to pursue both these opportunities simultaneously, a taxpayer needs to be extremely careful about how they put up the claims and tax liabilities.

In case if you cannot offset your entire passive loss in one year, you can also carry it forward in future to get a comprehensive and complete deduction.

This is a direct fallout of the passive activity loss rules.

It is only pertinent in the case of those income opportunities where they are not materially involved or active engaged.

The moment you are not able to substantiate claims of the passive engagement, or if your material involvement is higher than the predefined standards, it comes to be termed as active involvement, and your tax liabilities get computed accordingly.

So, if you are not able to stay within the predefined boundaries of passive income, you cannot claim deductions on the basis of the passive loss rules.

So, while the colloquial definition of both the income opportunities often merges into each other, in the tax department’s rulebook, there is a clear demarcation.

A proper understanding of this demarcation helps you take proper advantage of the tax deduction.

2. Is Portfolio Income a Passive or Nonpassive Income?

However, there is one more avenue to explore before you understand if you can pursue passive income and nonpassive income simultaneously.

That is the grey zone called portfolio income.

The debate on whether it is a passive or nonpassive out is not completely settled.

Often the income generated from portfolios can involve significant engagement in the initial stage and almost next to nothing involvement in the later phase.

Therefore, this is an opportunity where you do some bit of both of these.

Essentially portfolio income refers to Portfolio income refers to the kind of income that you earn from the various investment that you might have made.

It could also comprise of dividends, royalties and capital gains that you might have earned.

While you may not be working too hard for this income at the moment.

It is important to understand it is not possible to create a portfolio with passive investment.

At some point of time, you would have had to put in significant work to create a reasonable investment portfolio or create a music album from which you can earn the royalty.

Identifying and having a clear sense of what is passive and nonpassive income is very important.

This is because most taxpayers tend to lose money by not being able to categorize their business in the appropriate channel.

After all, nonpassive losses cannot be offset against passive income and the vice-versa.

Therefore, inaccurate categorization of these different income opportunities can severely impact the kind of income and losses that you have to report every year.

This is particularly important to understand because while passive losses can be settled over a few years, active losses need to be settled within a particular financial year that they have been filed.

3. Pursuing Passive and Nonpassive Income Simultaneously

Therefore, we come to the basic point we started this entire article about- can you pursue them together? Yes, it is possible to pursue passive and nonpassive income opportunities together.

But you need to be careful about how you compute the taxes for it.

After all, we all want to take advantage of the best tax saving opportunities, and often an inaccurate analysis of these two different income options could severely impact your tax liabilities.

So our advice is to get in touch with a good CA with an in-depth understanding to help you tide through this.

They will be able to help you understand how to work out your income and liabilities to and take advantage of the maximum deduction.

This is also an important consideration when you think about the future prospects and your need to create a comfortable retirement kitty.

After all, you do not want your retirement money to get eroded paying passive income taxes because you were not careful or clear about the various distinction between the two.

Passive vs Nonpassive Income

Essentially the debate between passive vs nonpassive income reaches a definitive point with the term ‘material involvement’.

This will define how actively you are engaged in generating the income.

Apart from determining how much income you generate through the level of your engagement, the ‘material involvement’ angle also has very serious implication on your overall tax liability for a year.

The passive and nonpassive income have different tax computation rules, and that is exactly why you need to be rather careful about how you group your income avenue.

This is particularly useful if you have multiple channels to earn money and you would want to consolidate them and conserve maximum gains for yourself.

After all, who pays the tax department willfully?

But yes, it is possible to pursue both these forms of income simultaneously.

For example, when you write a book and put in an effort to write a book, your material involvement is in the active segment.

But when the book becomes a success, and you begin to earn the royalty, it is passive.

But in case you are constantly updating the contents to make it relevant, or write another one with the money you earn you are simultaneously involved in passive and nonpassive income options.

How to Start a Consulting Business

Before you start on about ways to start a consulting business, it is important to understand who is a consultant.

In common terms, a consultant is an expert in any field who offers the advice as a service

When a consultant starts a business, his business is a consulting business.

You can have many types of consultation from IT to HR and even business processes.

The only pre-condition is your expertise in the chosen field that you choose to continue your consultation service in.

So the question then is how to start a consulting business? What most would be interested in knowing though is

  • What are the pre-conditions to start a consulting business?
  • Are there any qualifications that you need to start such a business?
  • What is the kind of funding that is required to start the business?

How to Start a Consulting BusinessThe fact is that a consultant’s job is to simply consult, nothing more than that and nothing less either.

Therefore, for you to have a thriving business it is very important that your consulting business has access to the

  • Right set of target audience
  • Right type of knowledge base
  • Appropriate resources to make it big

Here is a quick lowdown on how to start a business and some easy steps to enhance your whole consulting business.

Knowledge Is Crucial

When you start a consulting business, you must understand that knowledge is the primary commodity that you are dealing with.

So you must understand that you must assert your knowledge at every possible opportunity.

The client when they select you, it is predominantly on the basis of the knowledge base they have.

It implies highlight your superior understanding and overall expertise that you have created your overall niche in.

Your essential deliverable is knowledge.

Remember that if you do not deliver in the right form and right spirit, then your core expertise becomes susceptible to being questioned.

So, therefore, stay true to your core area of expertise and be forthright in your advice.

Even if that means the client does not agree with certain aspects of your advice and do not agree with you, that’s perfectly all right.

More or less, the core point is that do not crimp on the quality of advice that you can offer.

When you are confident, and the knowledge speaks for you, there is no other element that can stop your progress.

Pricing Your Service Is Crucial

When you start a consulting business, a primary mistake that you need to be careful about is how much you are charging.

In fact, studies indicate that this is one of the biggest mistakes that most consultants are guilty of in the initial days.

Most new consultants end up not charging enough for their service.

Though there is no magic formula to set the right kind of fee structure but remember that whatever or however you charge, don’t crimp on rates just because of your limited experience.

One ground rule is that always charge more than you think you should.
Remember that as a consultant it is extremely important to project your overall return on investment.

The fact is it is not just important to you but also to your clients.

When you can project and prove a sufficiently high ROI, you can also charge an appropriate percentage of the client’s profit as your charges.

The basic point is that the higher your rate is, the better you would look on the balance sheet, both on the client’s as well as yours.

If you look at industry dynamics, you will notice that a consultant with an hourly rate of $1,000 per hour would be valued much higher than someone with an hourly rate of $100 per hour.

Clients tend to go for the consultants who have relatively higher billing rate.

Presentation Is Crucial

You must remember a crucial fact when you start a consulting business.

The ultimate property that you are selling is you.

Starting from your knowledge to your personality and poise everything is up for display and often subject to the client’s scrutiny.

While there is nothing bad or sordid about the whole thing, the fact remains that the client decides on a consultant based on the entire personality and the way you dress and talk also play a crucial role.

This is exactly why when you start a consulting business, you must

  • Dress in an appropriate fashion and project the right type of personality dynamics
  • Price your services in a way that it makes the right type of impression in front of the client
  • Project your trustworthiness in a big way and leave no stone unturned in terms of convincing your client about your overall trustworthiness
  • Create a strong brand entity and market yourself accordingly

Don’t Give up Easily

Another factor that you must be very careful of when you start a consulting business is the fact that you need to be stoic in terms of dealing with disappointment.

There are moments of devastation that every business needs to tackle with, but there is no point in losing heart.

You need to be strong and deal with it maturely.

Moreover remember that disappointment is part and parcel of any business and you have to prepare for it as much as the physical and mental toll that this business takes on you.

The point is your positive spirit can often make the business model more profitable.


Therefore, when you start a consulting business, it goes beyond the simple task of creating a business plan and raising funds.

You have to employ a comprehensive game plan and ensure that you sharpen your skill sets to deal with the challenges of the field in every possible manner.

The core idea is that this is a specific kind of business where your knowledge is your biggest asset as well as greatest liability; the point is how well can you utilize your talent.

Also look at continuous updating of knowledge for better results.

Business Casual Attire for All Businesses

Business casual today is the buzzword in the world of corporate attire.

It feels like the entire stress about what to wear to work has come to an end, or has it really?

Can business casual attire really address the concern about making business clothes appear casual?

Can you dress down and yet not look like you are headed to the pub or the beach perhaps?

Well, business casual is seen as the ultimate answer to all those queries.

Often for employers who want to make the office atmosphere a lot easier and comfortable, business casual attire provides just the right type of alternative.

So then the question is how exactly you would define business casual.

How exactly is this different from conventional business wear?

The understanding about the key element of your clothing that is avoided here is important.

While conventional corporate attire is stiff, business casual attire strives to break the glass wall and bring in the natural body fluidity and allows comfort to rein over proper, comfortable gets an edge above stiff and tight.

Definition of Business Casual Attire

If you look out to define what exactly is business casual attire, Wikipedia throws up a rather interesting response.

Business Casual AttireIt defines business casual as a rather ‘ambiguously-defined dress code.’

Perhaps in the selection of the word ambiguous, it narrates many untold stories.

It highlights the fact that business casual attire as adopted by professionals world over is about corporate clothing that has taken a slightly more casual color.

Think about the concept of casual Friday and then looking at an extension of the same concept in a broader perspective.

You can then grasp the core thinking that’s dictated the basics of what we look at the business casual now.

In fact, it won’t be wrong to say that there is no clear definition of business casual attire or a consensus on what can be actually defined as thus.

A quick search on the internet indicates that it includes the likes of Chinos, khaki pants, skirts and even slacks in some cases.

Jeans, tennis shoes and other athletic wear is a strict no, but normally short sleeved polo shirts and long sleeved shirts are also introduced in this category.

Another source indicates that they define business casual attire on the basis of the choice of color.

It includes black, gray, navy and various white shades.

Moreover crisp seams and pressed down were important elements of what constituted this kind of dress code.

Perhaps the reference to classic clean look without a full suit comes closest to the overall definition of the business casuals most appropriately.

One basic point that comes across a strict no is, of course, absolutely no athletic wear whatsoever and nothing that you would go to clubs or pubs.

Though the overall concept of these clothes remains unique globally, don’t let the term casual confuse you in any way.

The casual most times defines the color that you choose or the lack of a full suit.

The trick is not to get too ‘casual about casual’.

However, the manifestation of business casual has been seen as different in countries, and invariably the individual aspirations and beliefs of different communities have a lot to do with what is worn exactly.

This further increases that diversity that you must accommodate within the entire gamut of business casuals and its potential manifestation in the work wear that you select eventually.

The employer-employee connect is a key deciding factor as well.

Comfort & Trend Predominant in Business Casual

I think one of the most cardinal points to remember when you are looking at the various elements of business casual; it is extremely important to note the core thinking.

The very idea of business casual comes from the fact that at some point of time, corporates realized that a full suit might not be such a plausible alternative at all times.

Moreover, with globalization becoming a key element of business growth, business attire also had to change to the change in requirement and comfort of people in different countries.

Let’s understand first what is one of the most popular business wear or corporate clothing.

It is undeniably the full suit.

Now, where did the full suit originate and used the most?

It is predominantly European apparel that was made popular by US as well.

Now think of the weather in Europe and major part of US.

It is predominantly temperate with a rather harsh winter.

As a result, the business clothes were adapted to this key factor.

The idea was to provide maximum comfort and protection from the various weather forces that one has to deal with.

Now, look at how current business climate has adapted as per the weather conditions.

You have to understand that as businesses grow, geographical boundaries do not matter.

Business attire too has seen the same progress, and that is how the world over today; the full suit is considered as the undeniable king of corporate clothing.

But the problem is not every country experiences harsh winters or cool summers.

There are many where summers are oppressive and winters almost non-existent and imagine the torture, it would be to ask someone wear a full suit in that condition.

As a result, this unique clothing concept of business casual attire came into being.

It is a concept where the core principles of a full suit are intact, for both men and women, yet the comfort aspect has been introduced.

Perhaps examples would work better to make my point.

What are some of the most popular business casual options for men and women?

It is invariably a combination of chinos and shirt with or without a tie for men and a skirt-blouse pair with jacket or sweater for women along with closed shoes for both.

So now think about how this is different from conventional corporate clothing for men and women?

You would notice everything that is business casual attire is invariably corporate clothing without the stiff or uncomfortable elements that often make all the difference.

You don’t have the tie, the jacket is optional in most cases, and the overall basic formal attire is intact.

Only the embellishments are missing.

Therefore, you can understand very well what I mean by comfort and trend.

It is keeping the basic trend in place, addressing the key constituents on a corporate outfit in place but does not make it unnecessarily uncomfortable and stiff and suits many kinds of weather.

Cool Colors for Business Casual Attire

Apart from the constituents of a business casual, another important aspect that plays a deciding factor is the color.

See right at the beginning; I mentioned that personal comfort is a key factor in business casual attire.

So how do you create this? Well, the color and the fabric of course.

Colors form a very crucial element of your dress-up scheme, especially for office.

Perhaps that is the reason that most times you see business outfits in shades of blue, gray, charcoal black and such muted shades.

Overall, there is nothing flashy or too attention grabbing.

Some of the most classic color combinations in business casual are undoubtedly black and white or blue and white or gray and blue.

Have you wondered whether this is a mere coincidence or suddenly the color preferences of every employee converge at a certain point?

Isn’t it surprising?

Today, it is almost accepted that these are more or less the formal colors that comprise of sober and suitable workplace wear.

It is both a cool and comfortable color option all at once and creates positive vibes amongst those who see or interact with you.

That apart, when you consider the colors of business casual attire, you will find invariably cool and comfortable options.

Irrespective of whether you wear these colors at the height of winter in the Scandinavian region or on the hottest day in an equatorial corporate hub, you will remain comfortable, and within the construct of business casual.

It could be muted shades of blue, black, white, beige or light pastels like pink and sea green for women.

But these are colors that can help you feel comfortable without grabbing unnecessary attention for it.

Compare this to a flashy red or gold outfit or some flashy print on a shirt, it would surely turn heads but would it be a positive manner?

Invariably, if you dress up too flashily in the workplace, you end up grabbing unnecessary attention in a wrong way.

It would often mean that people would talk about it, ridicule or sometimes not even take that employee seriously on the basis of the kind of outfit they choose.

The Color of the Business Casuals

Most times, the color of the business casuals is also a huge indicator of the way we perceive people.

Invariably you would notice cool colors make you respect and look at individuals in a positive manner.

In contrast, when you look at someone in flashy or very bright shades or even inappropriate design, somehow the first reaction is raising a question mark on an individual’s efficiency and capability.

There will be more than adequate questions about the person’s credibility as well.

So just imagine, what risk you might be taking if you wanted to wear comfortable clothes but chose inappropriate designs or colors due to lack of understanding about business casual.

Therefore, you can clearly understand that business casual attire is as much about the concept as the color.

Check with Company Policies on Business Casual

But as I already mentioned, often business casual sees minor adjustments as per the cultural and corporate needs of a specific region.

For example, a muted and a clean cut churidar suit or even saree is part of business casual in a country like India, or in many Islamic nations, the hijab will be a necessary element in business casuals.

But these are not elements that are mandatory or prevalent everywhere.

It is very closely linked to the needs of the region, and the specific office policies that you might be having.

When you are joining a new workplace, it is always advisable to check with the company’s specific policies.

You can ask the HR representative about the specific policies they might have for different days and exactly what they interpret as business casual attire.

Perceptions are very important.

In your workplace, you have to manage it effectively and in your interest at all times, and in every possible way that you can.

At least on the first day, it is always better to dress conservatively.

Gradually look around, see what your co-workers are wearing and understand the approach that your company might have in this regard.

Business casual is today pretty extensive by virtue of its ambiguity.

Wearing casual attire might be unacceptable in one office.

This is also, at times, for the simple reason that the perception and expectation of different offices differ.

Moreover, often the environment and the sector that your office belongs to, play a crucial role.

For example, a legal firm will be more uptight in dressing as compared to an IT Hub.

For that matter, business casual in a start-up will be very different from that of an old firm.

It is possible; one company might describe business casual as usual corporate clothing without the suit or the tie while others might go a step further and even encourage jeans and khakis in the workplace.

Remember in many ways, what comprises a business casual becomes the benchmark of their overall approach and understanding of employee concerns.

They could use it as a platform to either promote a liberal thinking or rather maintain their conservative approach through the dress code and the business casual attire that they might allow in their offices subtly passes on that message.

Look Around and Learn What’s Accepted Business Casual in Your Office

But we all understand that sometimes just checking with HR would not be sufficient clue as to what is an accepted business casual for your workplace.

Often it can be rather confusing.

It could be like you can wear comfortable formals.

Now does it mean you must wear business pants or skirts if you are a woman?

That’s a valid question but how do you get to understand the right answer?

Well, one simple option is just to look around, check what other women are wearing and you can decide on the basis of that.

Another confusing option for you as a woman would be sleeveless as business casual in your workplace.

Or as a man, do you stick to only Oxfords in terms of the right footwear to go with business casual?

Well, while these are all very valid concerns and often make or mar your impression in office, it is hard to find a definitive answer most times.

So then, how do you go about this basic problem, what could be the option to get around this confusion?

Well yet again, it would be better to observe, look around and see how your co-workers dress up.

The Type of Business Casual That You Need to Choose

This will give you a clear idea about the type of business casual that you need to choose.

Of course, it always makes sense to keep your dressing rather conservative during the initial few days as you will need time to see, observe and make adjustment accordingly.

Also sometimes for men, it is important to understand whether half-sleeved shirt counts as business casual in your office.

Many firms still stick to cuff-linked full-sleeved shirts without jacket as their business casual wear.

The jury is out on that one too.

While some firms even allow polo T-shirt on certain days, some firms might be more strict and don’t even allow half sleeved shirts.

You must probe that and be careful about how you add to your cupboard.

You must also observe if the day of the week is important.

Some companies might have a specific day allocated when they allow business casual.

On other days, they might be rather conservative and would prefer to stick to the conventional corporate style.

You have to pay attention to these factors at all times.

Keep Business Casuals Strictly for Regular Wear Post Selection

You have to understand that however broad-minded or liberal a company might be in terms of the dress-up style it allows, it is never for interviews and initial selection time.

For these occasions, it is a much better idea to stick to conventional formals and also a composed approach.

This will make sure that you are taken seriously and the company will explore opportunities of working with you in a constructive and long-term fashion at all cost.

They say, often the way you dress and the kind of footwear you choose says a lot about your personality.

Therefore, when you are choosing business casual, don’t go too overboard with the casual element.

It is always a good idea to stick to tried and tested combinations.

You can keep your experimental clothing for the special evenings out.

In the office, you can continue to be businesslike and keep a stern and composed approach.

The way you choose business casual attire can go a long way in deciding this cardinal factor.

You must remember, often what you wear is one of the first ways that people form an impression on you.

Therefore your business casual should in no way go against the trend and defeat the purpose.

As they say in stock markets, make the trend your friend.

Check carefully from all possible sources and try to fall in with the trend and crowd.

It will help you get a better handle on the company policy and then you will be able to take up a lot convincing stance on deciding the business casual that you might choose to wear going forward.

Eve when there is no clothing type mentioned by your office, it is still a good idea to go ahead and stick to the business casual attire.

Most times, firms might not have a strict structure on what to wear and what not to, but at the same time, pub clothes might not be the appropriate ones in the workplace.

They can be unnecessarily distracting and if you even wear remotely flashy during a selection process, it could adversely impact your overall interview and eventual selection.

So there is no reason that you should take this risk, especially with potential employment opportunity.

It is a much better idea to wear business casual.

They are formal, never too uncomfortable and give you a neat and well-groomed aura, learn to capitalize on it.

Business Casual & Well Groomed Personality

Let’s face it, when you see someone with a neat haircut, classy glares, crisp buttoned down shirt, matching formal trousers or a well-fitting business suit for women, you invariably turn back and give that person a second look.

It is not necessary that the person is wearing an Armani shirt or a Kenneth Cole shoes, yet at the same time, business casual always brings about an understated elegance in an individual’s personality.

In your office where impression matters more than anything else, this can only work to your advantage and you should learn to capitalize on it.

Also, there is something very classic and conventional about business casual without being uncomfortable.

I am sure all of you must have seen Julia Roberts as the enigmatic Erin Brockovich in the movie of the same name.

She was a pretty protagonist, great figure and really wonderful figure to flaunt.

But somehow when she walked into that uptight legal firm in those cleavage revealing outfits compared to all those serious looking soberly dressed staff, it made heads turn and how.

That needs to your cue.

You business casual will help you avoid exactly this situation.

Business Casual & Dress Code in Workplace

There are some additional points to keep in mind in terms of adhering to business casual in your workplace.

1. Better to Err On The Side Of Caution:

Let’s say that the company you are joining convinces you that they are just as comfortable with you wearing flip-flops and pajamas.

Even then on day one, it is advisable that you do not land in your picnic best.

Keep a muted and conservative approach.

Stick to a more conservative approach and concentrate on sticking to formals at all cost.

Be very clear what and how your company perceives as business casual and only the try to experiment with both colors and types of clothing.

2. Consistency:

It is important that you maintain a certain degree of consistency in your dressing up.

The one great benefit of business casual is it helps you maintain regularity in the kind of outfit that you choose to wear to the office.

Remember your colleagues often identify your personality on the basis of the clothes that you wear and in this regard, business casual with conservative bias can be a great option to stick to till you have clarity on what exactly comprises of business casual.

3. Remember Special Occasions:

Whenever there are special occasions in your office, you must find out if you should be shifting to conservative corporate wear.

Some companies might keep a casual business stance, but might expect you to wear a pantsuit instead of a flowery colorful lunch dress.

Or for men, companies might prefer business casual as in without the tie or just an open shirt and light linen jacket.

Therefore, it is very important to understand how your company rates business casual for different occasions.

This will make sure you are never overdressed or underdressed for any occasion.

4. Seasonal Impact:

Another important element that you must consider while deciding your business casual outfit is the seasonal element.

This is particularly important if you stay in a region with extreme climates like very cold winters or rather hot summers.

You have to understand how you can make adjustments.

Remember you should not wear anything too frumpy or too skimpy.

It needs to suit the season, but at the same time, make sure you do not wear anything outlandish or out of place.

But in the bargain, you must not be uncomfortable either in whatever you wear.

Business Casual Attire Is a Balance Between You and Your Job

We can conclude that business casual attire is all about introducing a balance between your professional outfit, commitment and comfort.

You might wonder how your professionalism is impacted by what you wear.

That’s true, but at the same time, it’s also true that perceptions surely change depending on what you wear and that is why business casual is a great way to tread a mid-path.

You must remember to keep your professional outfit, but with business casual, you can also incorporate comfortable and trendy combinations.

In fact, this is a great platform to experiment with various trendy alternatives like a knee-length cape instead of the same drab looking jacket or perhaps a pastel colored shirt for men at times instead of the boring whites and off-whites that they have to always wear.

Often business casual is a great way to bring in a bit of poise and character to your regular office wear.

Exchange the mundane options with interesting alternatives.

Blue Cloud Ventures: A Case of Venture Capital vs Traditional Investment

One of the biggest challenges in modern day business basics is creating a successful recipe for a great business venture and a sustainable enterprise.

Even if you look at 2016 that is almost on the verge of ending, you will notice the hundreds of entrepreneurs who tried their luck in terms of making it big in the business world.

However, there are only a few who actually experienced success and came out of it as winners with a formula that just doesn’t give a one-time spike, but creates a concept that can yield returns many times over.

In this context, there is one name that would perhaps come out as not just a great entrepreneur, but also someone who is practically at the crossroads of creating a sustainable business concept and even paving the way for a brand new approach in day to day business.

It is an initiative in not just conceptualizing a formidable business front but also questioning the rules of business that is being done thus far and creating a comparable platform for conducting business a bit differently and steer the science and art of entrepreneurship in an entirely new direction.

Yes, we are talking about the quintessentially smart, handsome and hands-on entrepreneur, Rami Rahal, the founder of Blue Cloud Ventures. He is the co-founder of Blue Cloud Ventures.

Essentially this New York based growth stage firm is focused on co-investing in companies that provide software as a service along with top VCs in the field today.

At just 25, Rahal has been instrumental in raising over $65 million across two funds. He has managed to rope in nearly 30 software CEO and even high net worth individuals.

His fund has an investment in many software majors like Tapad, Cloudbees, Vidyo, BTI System, JazzCo, Lattice Engines and the like.

The Blue Cloud Ventures Mantra

The Blue Cloud Ventures Mantra

The core idea that is driving the entrepreneurs leading Blue Cloud Ventures including Rahal is the fact that they are betting big on future, they are identifying successful and fast growing companies in areas of cloud software and mobile application.

Being part of over 150 M&A deals; the Blue Cloud team has pretty much its pulse on the future.

Right from the creation of Blue Cloud Ventures to its present growth, the idea has been to identify the gaps and inefficiencies in the growth and late stage funding markets.

Currently, the market conditions are such that while early start-ups have many channels of sourcing the key funding, the companies that are in need of late stage funding have a very limited option.

Late stage companies most times frantically in need of the last round funding have to fall back on traditional investment approach and look out for options from existing investors who may or may not be keen to further extend the extent of their investment in the company.

The result often is that these companies which might have got a flying start are suddenly left to scampering on their own and compromise quality to attain the right marriage between expenses, growth and future.

With most last stage fund sizes being too small and these companies requiring a relatively larger amount of fund assistance, Rahal and Blue Cloud Ventures found this as a great option to capitalize on.

They conceptualized an option that had a different delivery model and could identify a solution to address this growing requirement.

They decided to provide the last stage companies with just the right type of financial alternative by

  1. Keeping a flexible fund limit
  2. Flexible exit horizon
  3. Speeding up the process
  4. Creating board representation.

All these measures are aimed at creating a viable financial option for companies that suddenly feel the crunch and in a hurry.

This kind of a late-stage funding assistance ensures that companies do not have to go through the entire process of traditional fundraising which is both time-consuming and also extremely resource-heavy.

The cardinal aim of this venture is to cut down the fundraising time for companies that need fund well into their development chart and ensuring their efficiency and progress is not hindered as a result of the fund crunch.

The expedited due diligence model, the extensive network of growth stage funds and streamlined processing ensures that companies with the need for the fund can easily seek help and get it as well at Blue Cloud Ventures.

This approach is quite contrary to the traditional fundraising option, which was thus far the only alternative at this stage of growth chart of a company.

Traditional fundraising options at these crucial junctures often act more of a hindrance rather than being the growth enablers for companies especially due to the long due diligence process and indirect decision making keeping into account many stakeholders in the process.

Blue Cloud Ventures seeks to negate not just the ground rules, but under the guidance of co-founder of Blue Cloud Ventures, Rami and his team, they are more like the messiah for companies frantically looking for means to get through the last leg of their entrepreneurial struggle in an effort to create a long-term business venture.

The direct access to a wide network of VCs ensures that they are able to stick to the fast delivery model that constitutes the core of their efficiency and creativity in bringing forth a sustainable model that does not yield to the last minute uncertainties.

Another interesting concept that Rami and the Blue Cloud Ventures team are trying to pioneer is the fact that they are stressing on the board seat.

Though a co-investor does not typically need one but by creating this, what they are doing is creating an opportunity for the investor to become an active participant in the entire funding and growth process of the company that they are putting their money in.

This also means that the investor is no longer a passive partner as we see in most traditional investment avenues but on the contrary, they produce the wherewithal to create an absolutely sustainable long-term alternative.

Challenging Traditional Approach

In many ways, Rami Rahal and his company, Blue Cloud Ventures, is well on the verge of challenging traditional concepts and approach and creating a modern solution to a modern phenomenon, the late stage funding.

This is particularly a striking development at a stage when corporate venture capital is rather picking up speed in a phenomenal manner.

You can see many large companies taking up the VC route in setting aside funds that can be used as a source of external investment in existing companies as well as start-ups.

The software industry particularly is in considerable focus given the fact that they have their pulse on the future and their actions today can well set the tone of future development.

Today several noteworthy tech majors like AMD, Dell and Intel are all looking at proprietary funding and Blue Cloud Ventures is just the ideal gateway to future funding.

Corporate venture funds have mushroomed in the past four years and worldwide, the current number of corporate venture funds is significantly over the 1000 mark.

It is after all this crucial element of Venture funding, the Ramil Rahal and the Blue Cloud Ventures team are looking at capitalizing with a clear eye on the ramifications in future.

So then the question that comes forth is how exactly would this corporate venture funds and the easy access to late-stage funding as Championed by Rami’s Blue Cloud Ventures help in changing the overall structure of investment around us as we perceive it till date?

Well, first and foremost, let us understand that large companies due to their sheer size and slow movement often make product innovation an almost impossible task.

Be it pharmaceutical companies, telecommunication or even technological firm, almost everyone which rely heavily on R&D but cannot substantiate the extent of returns from such venture can take advantage of corporate funding.

This provides them with a unique opportunity to spend more on R&D without the additional hassle of going through the entire fundraising process and exposing to more risk.

The corporate venture fund as envisaged by Rami and Blue Cloud Ventures become an active source of the fund and ideas as the co-investors get to play an active part in the regular functioning of the company.

Needless to mention that this step also opens up the scope for a greater extent of transparency, which works well for both the company as well as investors in terms of ensuring a higher level of accountability.

In fact, the brilliance of this move can be well gauged by the fact that corporate venture in last year has accounted for over 1050 investment deals that have a net value close to $20 billion in all.

Data further goes on to reveal that nearly 20% of all deals which together resulted in 40% of the net transaction took the corporate venture route in 2013.

The numbers are a clear indicator of a trend they also help identify and emphasize the brilliance of the business model that Rami Rahal and Blue Cloud Ventures have been championing thus far.

The Rami Magic at Play

That said, corporate venture fund, a brainchild of Rami Rahal, Blue Cloud Ventures and his associates is also a wonderful reflection of investment prowess and keen business sense portrayed by this erstwhile investment banker at Madison Park.

In his earlier avatar, Rami had worked with a wide range of software, and tech-enabled firms, thereby developing a keen sense of expertise across genres of IT Strategy funding and tech innovation.

This sensitivity and out of the box funding is perhaps a key reason why Rami’s brand of funding has caught on with such amazing vigor across the ranks of companies with their focus on future.

You can almost identify the true sportsman spirit of this new age entrepreneur with interest in soccer, martial arts and skiing.

An active early stage investor as well, Rami brings in a comprehensive understanding of the entire cycle of business processes.

His, this sense of business brilliance, thus adds that additional zing and greater prospects of returns from the funds that he works with.

His free-wheeling and avant-garde techniques enabled him to be a facilitator in setting up many potential start-ups looking for direction and the right nudge from the right corner.

Why Corporate Venture Funds Work?

The account of operation at team Blue Cloud Ventures will clearly highlight the operational efficiency attained through this kind of funding alternative.

The fact is that traditional funding looks at utilizing the powers of institutional investors and high net worth individuals to garner funding.

However, a corporate venture fund does is to put to use a company’s existing cash reserve to fund a relatively fresh venture by either the parent company or a new start-up with similar interest.

This is a major point of difference as this move alone creates a significantly higher pressure on independent venture capital funds to ensure a higher rate of return.

So, therefore, it won’t be wrong to look at corporate ventures as more of a type of R&D alternatives aimed at enhancing the business model and also at the same time yield higher rate of revenue for the primary fund.

Another benefit of corporate venture-capital funds is that unlike start-ups, the extent of uncertainties in late stage funding is relatively limited given that there is already an established line-up of customers, brand associates and a credible network of distributors.

They also enable a better chain of organic growth coupled with financial returns which work in a mutually beneficial manner through the course of the entire funding process.

This kind of association no doubt ensures a greater deal of knowledge and talent exchange between the two companies as well enabling a much higher level if sustained growth momentum in the entire process.

The successful associations by Blue Cloud Ventures be it in Verizon Ventures, Cloudbees, Juniper and a whole line-up of some of the best players in this field goes to highlight the growth opportunity and the overall success rationale of this niche and gap in the entire funding model as we see it today.

The Signals of Shift in Place

Though the advantages are obvious, it cannot be denied that independent venture-capital firms have a significantly competitive edge over corporate venture funds.

This can be easily attributed to their speed, flexibility and experience in handling financial needs of companies in a more efficient manner for a longer duration of time

While corporate venture-capital firms with high cash reserve might be extending assistance to players in the similar field, venture capital funds have a way of hands-on approach, especially given their independent nature and a relatively unconventional nature of functioning.

While the debate on whose better continues, one of the greatest shift that is being noticed is the fact that next generation of businesses could benefit a lot more with an active participation of corporates.

The emphasis on building a sustainable next generation of leaders without compromising on the basic valuations and margin aspect can only lead to lay the foundation of strong business fundamentals.

It is well understood how this kind of association also paves the way for a bigger and better idea for the future that is deeply dependent on growth keeping pace with development and advancement in technology.

There is a thin line between brilliant entrepreneurship and average growth of just another brilliant idea.

The brilliance of Rami Rahal’s genres of business lies as much in the entire idea that he worked on as well as the execution element of it.

We have all seen way too many examples of how a brilliant idea falls flat and ceases to be a great business in the absence of a sound business plan and sound execution of it.

The conceptualization and success of Blue Cloud Ventures are perhaps an ideal example of this key fact in absolute terms.

One of the most inspiring quotes of Larry Page, Google Founder, goes on to say that

“Lots of companies don’t succeed over time. What do they fundamentally do wrong? They usually miss the future.”

The truth of this statement could not have been more appropriately borne out than the way Rami Rahal designed his business model.

Apart from timing, his ideation and execution appropriately, Rahal’s expertise lies in keeping his gaze fixed on future more than the present.

He is perpetually tweaking the operations at present with an eye on what he needs to be prepared for in future.

This, I would say, is the key catalyst that makes him stand apart in a group of hundred entrepreneurs who are trying so hard to ascertain their footing in the business world.

In creating a scope for corporate venture fund in late stage funding, Rami also has another brilliant lesson in the word of entrepreneurship.

Opportunities do not always knock at your door in perfect well-defined structures.

Sometimes, it is in the way we perceive a fact and make good of the opportunity that we can sense.

It is about following instincts with our feet firmly grounded that bring in absolute and sustainable success.

Rodan and Fields Review: A Pyramid or Multi Level Marketing?

This review doesn’t mean that Rodan and Fields is a Pyramid Scheme or scam.

It is just the analysis of a company’s marketing method that more looks like a legitimate MLM.

However, you are the one who should decide after reading this article.

The Rodan and Fields History Review

Rodan and Fields is yet a skincare company that uses the multi-level marketing strategy.

It was started by Dr. Katie Rodan and Dr. Kathy Fields and is known for its rather popular skincare product called the Proactiv Solutions.

This skincare line was launched in 2002, and after trying to sell through high-end department stores, they decided to take on the word of mouth MLM strategy of sale eventually.

In 2006 finally, they stopped all over the counter sales and introduced ‘House Call’.

This was nothing but a type of multi-level marketing approach where the representatives showcase the product to interested buyers.

The question, therefore, at this juncture is that if Rodan and Fields multi-level marketing is legal or illegal and scam?

Is it a legitimate way of earning profits or can this be termed as yet another scam and illegal pyramid scheme opportunity ready to take advantage and exploit the financial hardships of many hapless individuals?

Before I go to details, I have to explain that MLM or multi-level marketing and even pyramid are not necessarily illegal and scam.

They are just some marketing methods that many companies use.

So you can’t call a company scam and illegal as soon as you you find out they promote their products through multi-level marketing.

Something which is illegal and is scam is in the way that members make money.

This is clearly explained here.

Is the Rodan & Fields a Scam or It Is a Legitimate Multi-Level Marketing?

Rodan & FieldsIf you want to prove the legitimacy of the business model of the Rodan and Fields multi-level marketing, a much closer attention to their overall working style is extremely crucial.

How exactly does Rodan and Fields function?

Well, they operate quite similar to many other MLM in many ways, but the overall compensation plan needs a closer look and detailed study.

The core fact, however, remains same.

You get paid for selling their products and also for recruiting people under you to operate the same way you are doing under someone.

Apart, sales representatives earn profit via:

  1. Selling the Rodan & Fields product to both retail and preferred Customers.
  2. Commission earned from sales clocked by consultants and preferred customers in your circle.
  3. Overall team commission based on the entire team’s performance. The team is essentially the team you sponsor.
  4. Generation Commission is basically the commission that you earn on extended sales of the entire team.
  5. Performance bonus on achieving various milestones.

Well, you do not need anyone to mention it to you but their compensation strategy is not as simple as they make it appear.

And, it is rather convoluted in terms of realizing absolute level of profitability from them in any way.

Often, the profits in multi-level marketing companies deeply depends on the quality of the product.

However, that sure is not sufficient to help you earn a sustainable source of living.

The US Federal Trade Commission has clearly outlined how 95% of sale representatives associated with MLM are not earning more than $1000 every year.

That number in itself projects the sorry state of affairs.

The Rodan and Fields product might be great and the promotion of these could be relatively easier than a pyramid scheme with an unknown product range.

However, the fact is that the relative difference is not much and it essentially outlines the fallacy in the system.

Would You Term Rodan & Fields a Scam?

So the question that crosses your mind at this juncture is would you term Rodan and Fields multi-level marketing a scam?

Well, that is too strong a word and perhaps a regulatory authority like the US FTC is best geared to take a call on that.

However, what we can all accept in our personal capacity is that it surely is a risky type of business.

It is common knowledge that any MLM or a pyramid scheme has a slight bit higher risk potential as compared to other conventional business formats.

In almost all the cases, the only ones who make money are the ones who are at the top of the rung, the business owners and the initial few who comprise of the top of the pyramid.

Another reason why MLM can be a risky business is that it is illegal to promote any type of pyramid scheme.

Almost always, you will see the authorities are in the process of probing these multi-level marketing businesses.

We see the pyramid collapsing at some point or the other and the business shutting down for good.

So even if you have made a sizeable amount of money in this pyramid scheme, it is never a great idea to stick with this business option for too long.

You never know when they might just collapse suddenly and shut shop leaving your money in jeopardy.

While I would not hazard a guess about the legitimacy of the actual business, the MLM genre of businesses has been attracting bad publicity, and moreover, it is simple mathematics.

At some point in time, the demand for these products sold as pyramid scheme would begin to fade away.

This would herald the beginning of the downfall and eventual collapse of the business model like a pack of cards.

Recruits Slowing Down

One fact that inevitably sets Rodan and Fields apart from most of its other predecessors is the fact that they are not trying to push the huge financial incentives of joining an MLM.

In fact, the company has been quite candid in putting up the fact that 65% of its revenue is from retail direct sales to individuals who are not consultants.

High earners who get Lexus of their choice as incentive are free and far between.

In fact, a majority of them might make only a few thousand dollars every year.

To quote the numbers on the Rodan and Field multi-level marketing website, only 400 of the total 100,000 consultants have reached the Lexus level of success.

So… Is Rodan and Fields a Scam?

Rodan and Fields BBB Records Shows That It Is Not a Scam.That said, the allure of money is often tempting.

And, more and more aspiring potential sales reps tend to believe in the Rodan and Fields Lexus stories and consider them within reach.

That is what alone drives the recruitment initiatives.

However, the fact is that demand will at some point of time wane away irreversibly.

The consultants closer to the bottom of the pyramid often find it difficult to get fresh recruits.

Though many are gung ho about the product, the business aspect of it is seeing a major dent.

The question is what is the way forward for Rodan and Fields multi-level marketing now?

Rodan and Fields has been in business for 16 years.

According to their BBB records, they are good in resolving the customers complaints.

Therefore, Rodan and Fields is not scam because if it was a scam, it couldn’t work for 16 years.

The question is why some people think that Rodan and Fields is scam?

This can be related to the name of MLM or Pyramid that triggers the word “scam” in some people’s minds.

I mean some people think that the company is scam as soon as they hear that it is a MLM or pyramid scheme.

Ponzi schemes are always scam and illegal.

But multi-level marketing and pyramid schemes can be legal and legitimate if they don’t break some special rules.