Business Strategies for When You Cant Raise Enough Working Capital

Business Strategies for When You Cant Raise Enough Working CapitalBusiness Strategies for When You Cant Raise Enough Working CapitalWorking capital is the amount of liquid assets (in cash or accessible as cash) to run and grow your geschftsleben. Start-up capital (which serves as working capital) should cover business expenses for at least one year or until the business can generate enough revenue to sustain itself. Working capital is required for all new businesses to pay for licenses and other legal fees, purchase equipment, rent space, initial advertising, salaries, and virtually all other expenses that need to be covered until your business revenues will cover and exceed all expenses. Ways to Raise Working Capital Before looking at ways to find working capital, be sure that you first cut all expenses possible. The lower your expenses, the less working capital you will need to raise. Working capital can be reflected as a positive or negative number depending on how much debt t he business is carrying. The accounting formula used to calculate the available working capital of a business is Current Assets - Current Liabilities Working Capital If you run this formula and come up with a negative number, you need more working capital. To determine how much additional working capital you need, start with the negative number (how much you are already in a hole) and multiply it by a negative 1.5. This math formula takes your deficit and adds 50% more working capital. That is the minimum amount of working capital you need to get back on track. For example Current Assets of $5,000 Current liabilities of $12,000 (-$7,000) (-$7,000) * (-1.50) $10,500 If you have any other special projects that need to be funded, add that amount in as well. Where Does Working Capital Come From? From an accounting standpoint, working capital comes from Net incomeLong-term loans (non-current liabilities)Sale of capital (non-current) assetsFunds contributed by the owners and inves tors (stockholders) From a practical standpoint, the less working capital you have now, the harder it will be to convince a lending institution to give you loans or credit. You may have better success with an angel investor or someone you know.

Use Passwords That Affirm Your Unique Greatness

Use Passwords That Affirm Your Unique GreatnessUse Passwords That Affirm Your Unique GreatnessWhat do you type over and over on a daily basis if you use your computer to access email or the web? What allows you access to protected websites, to shop online and to gain entry into your company email from a distance?How does a website remember you? Your password, of course. If youre a road warrior, you use this access code even more frequently. If you have to type your password many times a day, why bedrngnis make the password user-friendly and useful for highlighting your best qualities as a person and as an employee? Why not make the password a positive zuspruch? An affirmation is a strong, positive statement that something is already so, according to Shakti Gawain, author ofCreative Visualization. Affirmations are generally used in goal setting and feedback, especially to encourage your self-worth and self-esteem. The affirmation is a powerful tool that you can use to reinforce your o wn best feelings about yourself. With positive words of encouragement ringing in your ears all day long every day, how can your psyche not experience a serious positive reaction, a boost when you feel you are your best self? On the Flip Side, Passwords Can Lower Esteem On the flip side, a work colleague uses the word, donkey, as his password. Imagine that He types donkey over and over again all day long. Unless he really loves his pet donkey, thats not likely to make his day brighter. Another colleague uses buffalo, not as bad, but certainly not an affirmation of his worth and abilities. How affirming Other colleagues use family member and pet names. Once again, thats not as bad as a donkey, but the passwords usefulness in stroking the positive feeling of self-worth likely depends on the mood of the relationship. Plus, those are easy passwords to identify and steal if someone wants to steal your private information. Positively Affirm Your Value with an Affirmation as Your Pas sword A recommended policy has always been to use a phrase thatpositively affirms your personal value, worth, and competence. If you have to type the password over and over, why not use a word or phrase that builds your self-esteem and positive morale up? This affirmative phrase wont be any easier to identify than the often-used random numbers and letters employees use for passwords. Examples of positive affirmations as passwords (without the spaces and punctuation, of course) include I am bestwonderful melife is greatmoney machineI rock Use Positive Affirmations That Help You Achieve Goals as Passwords If you have a goal that you wish to achieve, you can use your password to help you achieve that as well. Think about what your goal is and form your password around that concept. Of course, it doesnt need to be a whole sentence, but key ideas are helpful. For example Starting my businessLosing weight todayI love my husbandGoing to the gym dailyHelping other people rocks30 pushup sMarathon 2020Meditation and spirituality It puts the idea in your mind. If you type Ilovemyhusband six times in one day, that is going to carry over into your relationship at home. If youre at 30pushups, how can you not feel inspired to work on your sit-ups? If you have anxiety, try,Breathe Deeply and if you tend to procrastinate try,do it now. If you are forced to use a mix of letters and numbers, as required by many websites, just become creative with your positive affirmations. I great 1Im gorgeous 2I love me 2 This is such a small thing you may be thinking? Practitioners totally disagree. Colleagues have used positive affirmations as their passwords since the mid-eighties and they guarantee its not. Why lose any opportunity that life presents to affirm the special person that you are? And, especially,take advantage of an opportunity, suchas using positive affirmations as passwords, that presents itself to highlight your unique greatness all day long. If youre skeptical, the nex t time your computer forces you to change your password (some companies and organizations require a change every four-six weeks), pick something positive and see how it affects your life and thoughts. It almost certainly will, because when you concentrate on the positive things, you tend to see things in a more positive light. Dale Carnegies advice about influencing and winning friends at work fits well with this positive outlook, too. If youre worried about security issues, keep in mind that experts now recommend using phrases rather than random digits. This fits in perfectly with their advice and can make your day brighter. Who wouldnt want that?

New XPRIZE Contest Focuses on Sustainability

New XPRIZE Contest Focuses on Sustainability New XPRIZE Contest Focuses on Sustainability If you mentor high-school students or have teenage children who are interested in science and space exploration, XPRIZE and Sony Pictures Entertainment have launched an exciting new competition that will help your group of teens develop their creativity and team-working skills while heightening their awareness of the sustainability issues that are facing our planet. To enter this new contest, the XPRIZE After Earth Challenge, teams of up to five students (ages 13-17) are asked to prepare a two minute video that addresses what the team members are doing to ensure that Earth doesnt reach the point that its uninhabitable - a scenario that is explored in the motion picture After Earth, opening May 31. In their videos, team members should concentrate on answering two key questions: 1) What specific actions are the teams members taking to promote a sustainable way of living within their communities? 2) If the team were asked to create an unmanned rover capable of exploring potential sites for human occupation, what steps should the rover take to assess whether a site was inhabitable? Videos should be uploaded via the XPRIZE After Earth Challenge site, http://xprizeafterearth.com, no later than June 7. Of the 20 top videos, as chosen by visitors to the site, 10 will be selected as finalists by contest judges based on creativity and technical detail. These 10 teams will each receive a LEGO Mindstorms robot kit to construct their rovers, as well as a Sony Handycam HDR-PJ230 camcorder with built-in projector to record their rover- and landscape-building project. The winner of the grand prize will be showcased on the U.S. Blu-Ray version of the film. In addition, team members will receive a signed Blu-Ray disc of the film, a movie poster, and other great prizes. To be eligible, teams should consist of two to five members, aged 13-17, and a team leader over the age of 18. The top 10 finalists will be announced in late June, and the winning team should be announced by Aug. 9. For more details on the XPRIZE After Earth Challenge, and to read the official rules, visit http://xprizeafterearth.com.