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Revised Grants and Benefits SG Entrepreneurs Shouldn’t Miss
With the competitiveness of SMEs, the government provided revised grants and benefits for SG entrepreneurs.
It has been proven that the government has a consistent commitment to business development in Singapore. It is evident, especially for SMEs. Mr Heng Swee Keat of the Ministry of Finance understands it. Also, he shared the importance of boosting small and medium enterprises on the island.
In addition, Mr Heng touched on creating new industrial opportunities. It helps to cluster companies while also supporting Trade Associations and Chambers.
SMEs can gain leverage in the ever-growing competitiveness in the industry. Furthermore, the financial support ranges from grants to tax rebates. Here is the gist of your expanded, revised grants and benefits from the budget 2016.
Latest Revised Grants and Benefits for SG Entrepreneurs
For years, the wide range of grants has been confusing business owners and directors. It asks for various requirements, eligibilities, and purposes. To save time, money and effort for grant processing, the government has announced the creation of the Business Grants Portal. It will be ready for use by the fourth quarter of 2016.
With this portal, SMEs and other thriving businesses can easily see the grant’s requirements. Moreover, they will know which one they are eligible to. Also, they get to know about the process. Plus, they can identify which stage their request is currently on. Therefore, they can track the grant they applied for.
The SME Working Capital Loan will provide loans for startups. The SMEs can apply from participating financial institutions (PFIs) for $300,000. In addition, the government will be co-sharing the default risk at 50%. The interest rate will be subject to the PFIs’ assessment. SMEs must be currently registered in Singapore with at least 30% local shareholding.
On the other hand, Productivity and Innovation Credit (PIC) Scheme have reduced the required expenditure. It came from 60% to 40% effective on or after 1 August 2016. However, the scheme will soon expire in 2018. The government looks forward to more targeted measures rather than broad-based support. Also, this is to push SMEs towards the direction of more thriving firms through performance improvements.
Capability Development Grant
SPRING introduces an Automation Support Package with four components. First, Capability Development Grant (CDG) expanded to back up businesses. It intends to scale up its automation projects. While the grant caps at $1 million, the grant only covers up to 50% of the qualifying cost.
Investment Allowance (IA) provides additional cash to the existing capital allowance. It is exclusive to plants and machinery. The capital for each project caps at $10 million. As for enhancing financial support via loans, the government can increase the risk share further. It is under PFIs through the SPRING’s Local Enterprise Finance Scheme (LEFS) equipment loan. It will cover about 70% of the qualifying projects for SMEs.
Meanwhile, only 50% risk-share with PFIs will be for non-SMEs. Furthermore, IE will collaborate with SPRING. It is to aid businesses that aim to access overseas markets.
SME Mezzanine Growth Fund
The government introduced SME Mezzanine Growth Fund (MGF) in 2014. It is part of the Co-Investment Programme (CIP) for the investee companies. This year the fund size increased to $150 million. The purpose is to match the private sector investments and cover smaller SMEs.
SMEs seeking to acquire other companies for growth can take advantage of their Mergers and Acquisitions (M&A). To encourage SMEs to widen their scope, the government increased the value of the qualifying deals by up to $40 million. As a result, it increases the M&A tax allowance from $5 million to $10 million.
Moreover, SMEs have a chance to have more cash at hand. The Corporate Income Tax rebate has increased from 30% to 50% of tax payable. In addition, the rebate caps at $20,000 for 2016 and 2017.
Business owners are actively encouraged to hire workers aged 55 and above. However, it comes with a monthly payment of $4,000 a month.
Special Employment Credit
The Special Employment Credit scheme has been extended for another 3 years. However, the government will be raising the re-employment age in 2017. As the businesses scale up, they will need the added manpower and experiences of the older workers who can still do the job. The entrepreneurs will even receive subsidies needed for further expanding the business.
Other Revised Grants and Benefits
Thriving SMEs are now eyeing the international markets. Also, the government extends support. Examples are the Global Company Partnership and Market Readiness Assistance programmes and the Double Tax Deduction for Internationalisation.
The former aims to help SMEs with the cost of expansion to the overseas markets. Meanwhile, the latter allows the claims to claim a 200% tax deduction on airfare and hotel accommodations. In addition, even the salaries of Singaporeans staying abroad for business development.
The previous Budget announcement gave more hope to both budding and thriving businesses. It offers more local support through revised grants and benefits, loans, and tax rebates. Thus, it helps to grow further and expand.
Furthermore, the government encourages SMEs to broaden their horizons and eye for the overseas markets. Therefore, SMEs should efficiently take advantage of the said benefits to innovate, automate, and grow internationally.
The managerial pay hike is a reflection that Singapore’s economy is stable. As a result, more works are available despite the unemployment rate recently hitting a six-year high of 2.2%. The city-state is still one of the countries where individuals can easily get a job. However, for some reason, the unemployment rate is increasing.
The economy is getting stable. 93% of companies in Singapore expressed their intent to keep or raise the number of their employees this year.
To retain their employees, they will increase the income of those in managerial positions. In addition, they will continue the employee engagement activities, career progression, and development programs. Most companies are now open to giving medical benefits, annual leave, and completion bonuses.
The ageing population is also becoming more in demand than in the past. It seems that retaining or hiring experienced workers and training the new employees will be more efficient. The younger population of the working age must learn more skills to advance on their career ladder or find a more fitting niche role.
The main beneficiaries of increased wages are the digital, technology and healthcare sectors.
While Singapore’s economy has been stable, this does not mean that we are safe from inflation.
Every year the cost of living rises by about 3% a year. So your housing, rent, and other necessities are getting more expensive. What you can buy with your S$100 might cost double in the next couple of years. If your income remains static, you won’t be able to afford your needs in the near future.
The managerial pay hike is not actually a bonus. It is a way to help you keep up with the inflation. The new wage is also a means to know how Singaporeans fare amidst the current economic status. If you still feel that it is hard to survive despite the wage hike, then the economy is not as good as it seems.
On the other hand, if this helps the Singaporeans alleviate the impact of inflation on their daily living, the economy is indeed stable.
Your increased managerial pay hike is not a reward. Instead, it gives you a work-life balance as the cost of living goes up. It simply means you still need to continue saving up.
5 Ways Retail Stores Can Fight the Booming E-Commerce
Virtual carts get filled up as retail stores dry up their money. So save those shops with these ways to fight the booming e-commerce.
What used to be Singapore’s most famous shopping centre is now deserted. Then, orchard Road was where busybodies would avoid every weekend due to throngs of shoppers bustling from one shop to another. Nowadays, though, shops permanently close one after the other.
Some are left struggling to hope to get the shoppers back into their brick-and-mortar shops. However, the thing of the past will never be the same. It considers the skyrocketing success of e-commerce.
The Sudden Shift
More Singaporeans shop online.
There has been a massive shift in buyers’ behaviour over the past five years. As a result of the slow economic outlook, there is a 78 per cent increase in their online shopping activities. Moreover, Singapore is on the rise to cashless. Cards have made online shopping more convenient than ever.
PayPal’s recent survey showed that 38% of adults interviewed in Singapore will still do online shopping in the future. They explained it is more accessible.
Compared to European and western countries, Singapore scores high with open attitudes to cross-border shopping.
The PayPal Cross-Border Consumer Research last 2016 revealed that Singaporeans are comfortable making purchases on foreign websites. The trust in online stores based abroad is the same as their trust in local shopping websites. It is no wonder that Singaporeans ranked as the most confident cross-border online shoppers in the Asia Pacific.
It is especially true now with MasterCard’s Zero Liability campaign. It gives security against fraud to shoppers using their cards. You will not be accountable for any “unauthorised transactions.” However, you must promptly report the loss of the card to your issue.
Smartphones are made smarter with mobile shopping apps
Undeniably, a lot of Singaporeans have a fast-paced lifestyle. Instead, they would use mobile shopping. It will save them more time, energy, and effort to get to the store and pick what they need. Joining the crowd to shop for an item is a thing of the past.
In addition, there is no need to carry heavy shopping bags. Purchased items will be delivered right to your doorstep. In 2016, mobile shopping increased by 42% in just a year. Singaporeans’ forecasted total online spending is S$3.5 billion. A third of it ($1.2billion) is coming from mobile shopping.
There is no stopping Lazada, Qoo10, Carousell, Zalora, EZbuy, and Redmart from invading people’s shopping experience.
How Can Retail Stores Fight the Booming E-Commerce?
Physical retail stores may seem traditional. But, what’s stopping them from using the internet to engage customers? A relevant website can help you track your customer’s digital journey. You can use this to give personalised services and assistance.
Get up close with your clients through social media
The digital tools are right at your fingertips. Take advantage of social media. Let people know that you have something great in store for them. Also, look for your target clients. Then, engage them by showing what is unique in your shop.
You can use social media to reach your clients. Moreover, get more insights. People will definitely talk about customer service, products, usage, quality, and hours open.
Show your merchandise
Singaporeans usually visit online stores to look for an item. Make them know that you offer something they can’t buy anywhere else. Have limited edition designer collaboration. It is why people were crazed about Hello Kitty outside McDonald’s in 2000. However, make sure that you can deliver what you have promised.
Events and activities
Recreate your store as an event space. For example, have a meet-and-greet event or make a children’s day out activity. If you can, have lounge areas in your shop. Make a reason why people should go down to your store and spend time there.
Furthermore, you co-host events and support charity works. In addition, choose giveaway promos which are worth their time.
Let people associate your store with the word “fun.” Let them enjoy the place even if they do not have to purchase because chances are they will buy something eventually.
Award freebies and discounts for in-store purchases
Some online shoppers reveal that they shop online because many items are cheaper. So aside from saving the effort of checking the store personally, they can keep their money. Everyone loves discounts and freebies. So make the promotion worthwhile.
Take the time to announce this promotion on your social media accounts and clarify your store location.
We are at a time when e-commerce can eat up the retail stores. Retail store owners must not let themselves get behind the ever-changing marketing strategies. You may have the traditional brick-and-mortar shops, but you need to make a website and reach your customers the way e-commerce merchants do it.
People always ask when you will be ready to get married. It seems like it is an easy task, but there are various things you have to consider.
In recent years, the number of singles has been increasing. However, there are quite some factors why young Singaporeans still opt to be single at age 20 and above.
Over 500 young Singaporeans, 18 years old and above, were asked about their view on marriage. Also, they voice out their concerns regarding weddings.
Why Do You Need to Be Ready to Get Married?
Marriage is a very serious matter. It means being with a partner at home and sharing their most intimate lives. Around 38% of correspondents say they are ready to get married. Yet, 62% say they are unsure about getting married. The number who haven’t made up their mind is almost double the number of those who are sure.
Around 46% shared they are ready to get married and admitted that they have found the one they want to marry. Sadly, 6% feel pressured by society. However, 16% are ready to start a family. Meanwhile, 32% are financially stable.
On the other hand, 3% don’t think there is a need to get married among those who are not yet ready to get married. Meanwhile, 12% are still young for marriage. The remaining 20% say they simply can’t afford it yet. At the same time, 65% are still yet to find their future spouse.
Aside from still looking for the love of their lives, the following main concern is the cost of the wedding. It is no secret that having a wedding in Singapore can be very expensive. So if you don’t plan it carefully, you’ll be in deep financial trouble.
The most important factor in their future husband should be a great personality for women. It is the same as for the ideal wives of men. While women consider having properties under their partner’s name necessary, men do not have the same expectations. This the properties nor the financial stability of their future wives are not too significant. On the other hand, women want their husbands to be stable financially, but they don’t think owning a car has the same significance. Both genders believe that good looks are just of minor importance.
Almost all women who want to get married want to have a memorable wedding. However, weddings can be very expensive. Some even prefer to do shopping abroad rather than get everything on the island. Therefore, most Singaporean feels that they need at least $35,000 for the wedding.
Despite the importance of the wedding, most correspondents feel that the honeymoon is the most significant thing at the start of a marriage. When it comes to expenditure during the wedding ceremony, the wedding rings or engagement rings come as the highest valued item. Then, the wedding gown and suit follow. However, as high as 70% say banquet is not really important. After it is by 48% said videography and photography are not important.
How to Fund the Wedding
Are you one of those who are considering getting married, yet you think you simply can’t afford it? Then, you should know that there are various ways to get funded.
Most single Singaporeans think their parents can help them big time. Others decided to get a personal loan either from a bank or moneylenders. Some will be likely to use their credit cards. In contrast, the least will get the help of their friends.
On the other hand, there are different ways to get your wedding. But, first, you must know that the ROM or the ceremony itself is free. It is just that most want to push through with expensive stuff. Examples are gowns, suits, banquets and classy wedding bands.
Ask for Help
Talk to your siblings if they can pay for the cake. Ask your entourage to buy their own apparel. Request your parents to buy your gown and suits. Invite your friends to sing and MC at your banquet.
Sell your Stuff
If there are bags, shoes and other stuff you rarely use, it is time to let go of your preloved items. It helps you earn more cash for the big day.
Why will a company sponsor your wedding? If your fiancé is also up to it, upload your photos on various websites and share your love story. Startup businesses are looking for ways to get more clients and popularity. Show them that sponsoring your wedding is a win-win situation.
Ever heard of the wedding crashed by Ed Sheeran in 2015? A man shared his story and his desire to marry his girlfriend on the Australian radio station KIIS 1065. As a result, the radio station sponsored the whole wedding. It even secretly invited the world-famous ginger-haired singer to serenade the couple.
Ask for Cash Gift
Most of the visitors will be considering a wedding gift. You can apologetically tell them that you prefer cash instead.
Of the interviewed Singaporeans, more than half of them shared that they will not get financial assistance nor will they be taking any loans. However, almost half of the correspondents say that they will be taking loans. Personal Loans can be flexible. You can use it in any way you want. For added convenience, choose a Singapore moneylender which offers flexible loans and repayment schemes. Drop by Cash Mart to know how to get the most flexible loans in Singapore.
5 Thrifty Tips to Create Your Singaporean Online Business
Do you want to create your Singaporean online business? It is an excellent move since it is prevalent in the country.
Online shopping has completely caught the hearts of Singaporeans. By 2015, it had penetrated the lives of Singaporeans at 57.31%. In addition, it is expected to reach 74.20% in 2020. E-commerce is indeed booming.
More than 50% of women shop online, while men catch up at 48%. Most shoppers are in the age group 45-54 years old. Meanwhile, the least number of shoppers by age are in their late teens and early 20s.
Singaporean online business seems to be a sound business strategy. However, if this is your first time venturing into e-commerce, you have to arm yourself with the knowledge to keep away from advantageous individuals.
Plan your Singaporean Online Business
Everything must start with a plan to know where you are heading. Before you get the funds, you must know what you want to sell online and who you will sell it. Despite the feeling that you have the best idea for an upcoming online shop, you still must do adequate research if the product you are going to offer really does stand out.
Will your product be a need everyone will look for or is it just one of those products in a highly saturated industry? Think clearly of the problem you are trying to solve with your product. Find out its advantages and how it can catch the consumers’ attention. Clearly define your niche. Furthermore, to whom will you sell, and how might they react. You are likely to discover interesting answers through research and analysis.
Finally, take your time to learn about your competition. For example, how are the other businesses with the same products fair? In addition, how they are attracting consumers? Moreover, what can you offer to stand out?
Your website will be a powerful tool to get to your consumers. It has to be engaging and personalised.
List your specifications
Decide the customisation you want, the colour scheme and the personal touches you think best describe your company. For example, would you want to include some photos? How many images do you want to put up? Do you like 3D designs, box types or flay layouts?
How many pages would you want to be on your site? Would you like to keep a blog? Do you have the ability to write your content? Is it necessary to hire someone to write for you?
What information do you want to offer? Do you need a customised order form? Are there various payment options? Do you want to keep a page for your clients’ feedback? Are you going to hire an SEO expert?
Get proposals either from one-stop web developers or freelancers.
Various web development agencies offer web services, from designs to SEO. For example, you can choose from these developers and their packages. Or you can hire individual freelancers. If you have a friend who can create your web design, you can create your own content and just hire a web developer as it will save you much.
Once you receive the proposals, do not be discouraged or be surprised if you see higher costs than expected. However, when you choose the service provider, see their portfolios. Ask about their experience and visit the site they have created or taken part in to understand how they will handle yours. Putting up a website can be more expensive the more unique you want it to be. On the other hand, generic-looking websites will be cheaper. It is your call.
Set up the Website for the Singaporean Online Business
A domain name is used for a uniform resource locator (URL) to access your website. People usually buy this, though some web hosts include it in their offered packages.
Web Hosting is a service that allows organisations and individuals to post a website or web page on the Internet. You will need Web Hosts such as SiteGround, InMotion Hosting, DreamHost, HostGator, Bluehost, Pagely, GreenGeeks, JustHost, Godaddy, and DreamPress. Also, you may choose a local web hosting companies such as SingHost, APC Hosting, Webvisions, QOXY, HostSG, and Signetique. The location of your web host does not matter as they can work anywhere on the globe.
Know the Consumer Protection Legislation
The amended Copyright Act in 1999 improved copyright protection in the digital environment. So while you are not the only one getting goods from your supplier, you have your own brand and website contents to protect from those trying to copy it.
On the other hand, as a booming industry, the government has strict policies to protect the welfare of consumers. The Unfair Contract Terms Act (UCTA) regulates the contracts’ terms, liabilities, and standards when people buy from e-commerce sites. Moreover, the Sale of Goods Act (SOGA) gives them the right to reject the goods if they are not satisfied with the quality. Furthermore, the Misrepresentation Act mandates retailers to be true to their advertisements. Their product quality must meet what is being promised on the sites.
Getting the Goods
Choose the best way you can purchase your products:
If you get your products from another country, you can bring home your goods with the appropriate tax. In addition, you can personally oversee the handling of your goods.
If you need to buy a bigger quantity of your products or raw materials, you can choose to have it shipped instead of buying it yourself.
Banks with a merchant account
Compare bank rates to know where to get the best and most flexible merchant account.
You can use PayPal provided code on your website to add security.
Payment Gateway Account (third-party merchants)
Choose your remittance agents carefully. Take time to compare agents and search for their client’s experiences. Know their partner remittance agents in other countries should you need to ship and receive payments abroad. The license does not guarantee performance.
9 Shocking Reasons Investors are Not Funding your Startup
Are you tired of your boss and the entrepreneur in you thinking you have a brilliant idea enough to have a startup? Then, be your own boss. However, every business requires capital. So, unless you have enough money in the bank, you need investors in funding your startup to make your product and service idea a reality.
Whatever your startup’s level, you need cash to kick start and keep the operations going. You’ll need it until it grows into a thriving enterprise. Yet, nobody is calling back despite approaching a long list of investors for funding your startup. So what could you be doing wrong?
You lack market research.
You need to prove your startup can earn money, and the investments can grow. Despite a visionary idea, you must have evidence showing your target consumers will value your business. Investing is like betting. Investors have to play it safe as much as possible. Make them believe your product is worth it through market research which involves your target consumer’s opinions, reflected research, and a systemic interpretation. And how can you apply this to your business process and products? A good business strategy makes research an essential part.
There are a lot of research firms in Singapore. Here are the top 5 according to Focus Singapore.
Acorn Marketing and Research Consultants Pte Ltd
ACORN is an independent Asian-based research company operating since 1985 to help entrepreneurs understand their target consumers. The company specialises in insightful marketing statistics, brand and product positioning, tracing marketing efficacy, configuration and other related streams.
Agility Research and Strategy
Agility Research and Strategy is a research and consulting company focusing on Affluent and Luxury Consumers. The company believes that Affluent consumers have the buying power. As a result, it can actually affect brands and demands in travel, healthcare, financial services, home and personal technology, and shopping.
AXANTEUS Research is a Singapore based information, data and research consultancy service provider in the global market.
Kadence International Ltd
Founded in 1992, Kadence International Ltd is an independent full-service market research company based in Singapore. In addition, it works with international marketing analytic organisations.
Asian Strategies Pvt Ltd
Asian Strategies has been in business since 1991, with its firm located in Singapore. Its board members have more than 60 years of experience in market research.
If you use trusted research firms in Singapore, your data will be more credible in the eyes of the investors. However, if you currently lack funds for research, you can do surveys yourself. But, it won’t be easy as it involves various research applications.
You have no pre-orders for funding your startup.
It is understandable if the investors are cynical. You must show them that you already have consumers interested in your products and services even before launching. It serves as proof that you are diligent with your business. But the real question is, how to get pre-orders?
Approach your friends and families. Tap into their other circles of friends. In addition, they can even vouch for you. However, do not overdo it. Or else, it will seem to be a mere fabrication. Instead, it is better to back up your list with marketing research. This way, investors won’t think twice about funding your startup.
You can’t focus on a single product.
Even though you possibly have a lot of product ideas, it is better to keep track of just one. You are a startup. Therefore, you are still building your credibility that you can indeed sell to consumers. You can’t afford to be all over the place. You may not please everybody. But, it is more important to please the right target consumers.
No marketing strategy for funding your startup
It is essential to focus on developing your product or service as previously sighted. Yet, you should not lose sight of your marketing strategy. Why? It will be the key to bringing in a large number of consumers. Despite having a good product, you have no market if nobody knows it exists. Let the investors know how you will reach out to your consumers.
You are talking to the wrong investors.
Investors have different fields. Therefore, they are more likely to invest in the area of their expertise. In addition, investing involves financial risks. That’s why it is a must to lessen this. Usually, look for funding your startup with industries they are more familiar with.
Nobody refers you
The mails and e-mails you send to prospective investors will usually end in the trash. Sadly, it is true if they have no idea who you are. So instead, find someone who can refer you to potential investors.
You don’t flash your team’s credentials.
There is a reason you have handpicked a team to support your startup. They could have a track record of established reputation, a couple of known successes, awards or valuable skills. Find your team’s credentials and flaunt them to your investors. Instead, investors would fund exceptional talents with a still-developing idea rather than on a priceless idea backed by a team with questionable skills. If you don’t have any credentials yet to take pride in, you can use your partner’s.
The more you show to the investors, the more question they will have as they will see cracks through your business strategies and process. So give them what they need to know about your business. But never fabricate just to sound credible.
How to Present your Startup
Make it clear that you know what the investors exactly expect to acquire.
You should make your investors know that you understand what they want, which is earning from your business. Show your business strategies most simply. If they ask for the same product, then that is the only time you should show them a prototype.
Layout your expenditure to show how they will spend their money.
Show transparency when it comes to finances by showing your budget in detail. It is essential that the investors can see where their money is going. In addition, they check if you are a wise spender. Identify project milestones and outline the work schedules. Know that they scrutinise your specific action plan rather than the actual business idea.
Ask for the minimum amount of resources enough to cover the current phase of the action plan to get to the next one. Do not expect the investors to give you cash to cover the whole business operations. Just make sure that you keep the initiative to update them every phase you complete regularly.
After the presentation:
Get in touch with each investor and ask for feedback.
Show that you value your investors by personally asking them for any input. Be ready to accept criticism and show them how you reflect this to your business process.
Be patient. Give around a few weeks to think about your proposal.
Some investors spend a week to months before they say their decision. Be patient and remember that these investors are still watching your progress despite a negative answer. If they see positive results, they are more likely to invest the next time you approach them.
Unclear Exit Strategy
There will be a time when investors have to withdraw their investments together with interest. As early as possible, present your strategic plans to maximise your profits. Show the layout of your timetable. Also, demonstrate that you understand how much time you have to return the investment and how much they expect to get from you.
Getting investors takes time. If you want to jump-start your startup now, you need more capital. Cash Mart can help you by funding your startup business loans. Drop by Cash Mart’s office at Balestier Road and chat with the friendly staff. Cash Mart, a reputable lender, guarantees to have a loan fit personally for your needs.
Keep it short, direct and simple. There is no need for overused adjectives. Instead, a couple of words may be enough to highlight your value as an applicant.
Write your headline below your name and contact information. Then, your employer will only have a few minutes to read your resume. Time is valuable. Seeing your clear headline gives the reader an idea of who you are and what you can do.
3 Simple Tricks for Writing a Resume Headline
Keep it short by stating your value as an applicant in one short phrase. It is not even a sentence.
Use keywords to help your interviewer easily know if you are fit for the job. Before creating a resume, you should have conducted some research about the company and the specific job position you are applying for. It will help you choose the right keyword.
Personalise your headline for each job position in each company you are applying for if you have a few job interviews.
Detail-Oriented Web Designer with Multiple Successful Campaigns
Results-Driven System Administrator with In-Depth Knowledge of Oracle DB and MySQL
Education Graduate with Experience in Tutoring Japanese Students
Bilingual Nurse with Five Years’ Experience in Intensive Care Unit
Your resume profile may come next after your headline. It is a summary of your qualification. While the resume headline is only a phrase, the resume profile may be in paragraph or bulleted form. Most people prefer the bulleted format. It is concise and on point.
Detail-Oriented Web Designer with Multiple Successful Campaigns
Transforms visual designs into completed HTML pages while strictly following the design specifications
Implements creative, technical and conceptual digital design solutions
Maximises the use of WordPress, making the web pages easily accessible
Professional Contact Information
Some employers prefer seeing the phone number, email and link to your LinkedIn page in just one line.
When it comes to email, make sure that it looks professional. For example, do not include your hobby or favourite band’s name.
Do not use emails such as email@example.com
You can use emails such as firstname.lastname@example.org
List your employment status with the most recent first. There is no need to include irrelevant roles on the job training almost 10 years ago.
Include your employer’s name, the exact period you worked in each company and your job title. Make sure to write your job accomplishments instead of job responsibilities.
Instead of “responsible for answering customer inquiries,” you can write “Handled at least 100 customer calls per day.” In addition, you can include related job awards if you have some.
You may include your college and post-graduate job. On the other hand, it is not practical to include your high school education unless you do not have a college degree.
Interpersonal Skills List
There are what you call soft skills. While these are technical skills, they are equally necessary to land the job. An employer values someone who can interact well with co-workers. Choose your words wisely and create an active sentence or phrase.
Instead of writing “When I was in my previous company,” you have to make it into “I have strong motivational skills to…”
It may be easy to create a long list, but make sure that it shows in your character when you meet your potential employer. For example, if you say you are always confident about beating the deadline, your confidence must be seen in your personality.
Nurse: empathic, caring, and passionate
Sales Manager: friendly, persuasive, convincing
Select a resume layout but not totally copy it.
Personalise it to make catchy resumes. Employers will know if your resume is only a downloaded template. It is obvious if you just filled in the blanks.
To make catchy resumes, use professional format text
Your text must seem professional. Use Arial, Calibri, Times New Roman, or Verdana. Then, use bold and italics to highlight the details.
Save in various formats.
Save in Microsoft Word, PDF, and other formats. Furthermore, save in your PC, USB, or cloud for backups.
Customise to make catchy resumes according to the job position you are applying for.
Make sure there are no spelling mistakes. Most employers get annoyed with this. However, it shows if you have an eye for details.
Make it concise and check for grammatical errors.
Read the employer’s job posting and match your resume to it.
Creating a resume may be challenging, but you really have to do it to put all the details you already have. So be genuine and highlight what you have to offer.
Is Debt Consolidation Loans Right for Your Business? 8 Important Things You Should Know
Most businesses have an extremely daunting time managing the huge debt amount they have. However, the business owner faces constant stress and worry about the rising burden of the business debts. You have the freedom to opt for debt consolidation loans.
In fact, according to Forbes, 90% of business ventures fail due to cash-poor positions. Sometimes, there are not enough returns for clearing loans.
A debt consolidation program can drive the business towards an empowered and debt-free future. Debt consolidation loans are responsible for combining diverse balances. This way, you owe to the various creditors, in only one monthly payment and a single rate of interest. In addition, the debt consolidation procedure can help ease the burden of debt. Plus, it allows you to pay the debts in a more attainable manner.
Given below is a list of the facts about a debt consolidation loan. You should know and understand before you choose it for your business.
Debt consolidation loans cannot erase the business debt.
Debt consolidation is responsible for combining all the various business debts and balances into a single payment. Therefore, it is not only simple but also convenient. In addition, the loans are extremely effective in making the repayments of business debt attainable and manageable. Furthermore, the loans do not mean erasing the outstanding debts. Instead, it involves bundling the individual debt amounts into impressive new loans with single payments.
Two kinds of debt consolidation loans exist.
You have to have sound knowledge of the two different kinds of debt consolidation loans. The two types include secured and unsecured loans. You have to know that a secured loan is typically associated with your valuable assets. For example, your home, car, property, etc., become collateral. It applies, especially if your business defaults on the repayment of a loan.
On the other hand, unsecured loans have no relationship with your assets. An unsecured loan depends on the credit score and the credit history. It helps determine if you are considered a borrower of high risk. You need to take help from professional debt consolidation organisations or lending firms. They assist you in getting reliable and prompt solutions. Therefore, your business is capable of reaping the benefits.
Credit counselling and debt consolidation are not the same
Credit counselling and debt consolidation are not the same, but the businesses often entwine them. Also, a credit counselling agency employs certified and qualified people. First, they will be assisting you in creating a budget for your business. Then, they will further craft a fresh plan. This way, your business is capable of getting rid of the excess debt amounts.
A credit counselling agency normally tends to look at the broader picture. For example, it includes the overall structure of the finance of your business. Plus, it goes along with the debt amount that you have.
Debt consolidation can help to clear your loans.
Debt consolidation is responsible for merging all the business loans into only one loan or a single payment with a low-interest rate. It means that it will be easier for you to free your business from the tight clutch of the never-ending business loans. In addition, you now can pay the current business loans that you owe to the creditors. You use the monthly payments along with a low rate of interest.
Debt consolidation loans imply new lenders.
The third-party systems of payment are employed for debt consolidation loans. As soon as the debts have been consolidated, you only have to pay the intermediary. It is opposed to paying directly to the creditor. Once they have already completed all the negotiations with creditors, you are responsible for paying from your side. Most debt consolidation agencies have a perfect rapport with the lenders. Also, they will be successful in coaxing out better terms and offering low rates of interest. Thus, it effectively helps you to clear the remaining debts that are present.
How can you consolidate your business debts?
It is also important that you have knowledge about how you can consolidate the business debts.
Below is the how-to list for preparing yourself to handle the business debts.
Figuring out the total amount
The first step you should take as a business owner is figuring out the total amount you owe to the individual creditors. You need to take a look at your outstanding debt and ensure that you are making a list of all the debt and the balances. Also, you will be interested in comparing the loans’ terms to observe the total time left for clearing the current loans. Moreover, you can go with Nationaldebtrelief.com to gain more information about a debt consolidation loan.
Calculating the blended rate of interest
Debt consolidation loans are responsible for taking all the loans at various interest rates and merging them into a single loan. It is crucial that you know the average rate of interest that you will be paying across the debts. Calculating the blended interest rate across all the debts and comparing that with the rate of interest on the business debt consolidation loan is significant. When you find out the blended rate, you will have the basis of comparison when comparing the interest rates for the new consolidation loan.
Having a clear purpose
Licensed moneylenders always require the perfect sense of how you are using the funds you are interested in borrowing. Therefore, it is crucial that you decide how to use the loan before borrowing money. When you have a perfect plan, it will help you communicate with your creditors properly. Ensure that you can explain how you are going to use the funds and the total money that you require.
Educating yourself about a business debt consolidation loan will help you understand if it is perfect for your business. In addition, you should opt for other debt-relief options. Ensure that you gather proper knowledge about the various factors associated with this loan.