The bank is an institution that has been very beneficial to our world. Banking began with the aim of providing us with safe places to keep our money. However, they have been able to add a lot of services over the years including giving out loans, allowing people to pay bills and giving out cards that can be used to withdraw money and make payments among many others. This article will explain the difference between a physical bank and an online bank.

What is a physical bank?
A physical bank is the type of bank that you can visit in your locality. They provide a physical location to store money. It is easier to trust these banks since they have a physical and verifiable office that you can easily visit whenever there is an issue. They mostly operate under the rules of the city or country. They are licensed and regulated by the government and to a very large extent, the deposit of the customers of a reputable bank is guaranteed. Even if the bank is to shut down, government regulations and insurance will lead to depositors getting their money back.

What is an online bank?
An online bank is a bank that operates on the Internet. For this type of banks, you can visit them through a website or their mobile app. In most cases, they also have phone numbers and social media platforms that you can use in communicating with them. They give you a high level of freedom over your account as you can load your account and use their services through their available platform without having to visit the bank. An example of an online bank is Transferwise. You can follow the link to read reviews about Transferwise, how reputable they are and tips on using their platform.

Similarities between physical banks and online banks
The major similarity between physical banks and online banks is that they provide the same services. They both exist as a platform where you can save money, pay bills, transfer money, get loans and every other service that a bank offers. Thus, virtually every service you can get from a physical bank, you can also get from an online bank, making both types of banks a great option when you need banking services.

Differences between physical banks and online banks
The major difference between physical banks and online banks is the fact that one has an office building locally that you can easily visit, while the other does not. Their mode for certain services could also be a bit different. For example, some transactions you might need from a physical bank might require you being physically present in the bank and presenting paperwork. However, when it comes to online banks, every service can be carried out remotely. Physical banks also gives you the opportunity to store physical stuffs like jewelry and important documents, while you might not get such opportunities with online banks.

The current state of physical and online banks
The important of online presence for any business is widely known. As a result, virtually every physical bank not only have a website and mobile application, but they also provide online banking services. Online banks also strive to have at least an office that they list on their website to get some of the trust that comes with having a physical location. Furthermore, most online banks strive to provide cheaper services since they know physical banks have an extra advantage. Thus, while the extra advantage of physical banks is the fact that they have a physical presence, online banks try to counter the advantage by being cheaper and more flexible.

Did you know that you can save your office thousands of dollars per year by using a few proven energy saving tips? To discover some effective energy saving tips, which will help your company decrease its utility bills, simply continue reading.

On average a single air-conditioning unit will consume 4,000 watts of power and will cost around 1,460 pounds, per year. So if you want to save your business money, it’s well worth limiting your use of air-conditioning units. As an example, there’s no reason to keep your air-conditioning units turned on, at the end of the day or during the cold winter months.

In comparison, while an air-conditioning unit will consume 4,000 watts of power in a year, desktop computers only consume 100 watts of electricity per year.

Invest in a green, energy efficient air-conditioning unit:

If you’re shocked by the amount of money that it takes to run an air-conditioning unit, it’s a great idea to replace your old, air-conditioning unit, with newer, energy efficient air-conditioning units. A smart move, which should save your hundreds of dollars per year.

Replace all of your outdated appliances:

You may be surprised to learn that in general, old, outdated appliances can consume up to 90% more power than new models. So if it’s been years since you’ve replaced your servers, computers, heat pumps or air-conditioning units, now may be the perfect time to replace some of your office’s outdated appliances.

One appliance which is well worth replacing is your server. As an average server consumes 1,000 watts of power per year and older servers take more energy to run than newer servers. You may also be surprised to learn that after air-conditioning units, severs consume the most energy, in your office.

Replace your office’s light bulbs with power saving LED light bulbs:

While light bulbs only consume 60 watts of energy per year, just think about how many light bulbs are currently used in your office. As it’s highly like that your office features a few dozen light bulbs, it’s a wise idea to replace all of your office’s light bulbs with power saving, LED light bulbs. As a bonus, the average LED light bulb has a lifespan, which is 5 times longer, than a cheap, traditional light bulb.

Use your printers sparingly:

In today’s technology focused age, where you can share files easily online, make sure that your team members think twice, before printing out pages of documents. As on average printers use 50 watts of energy each year. If you use your printers sparingly you may be able to reduce this number to 25 watts or less per year.

It’s also well worth getting your employees to think twice before using your office photocopiers. As photocopiers consume 70 watts of power per week.

Final thoughts:

So if you’ve been searching for smart ways to reduce your consumption of energy in the office, it’s definitely well worth implementing all of the clever, power saving tips which are listed above. All of which will also help your business save several thousand dollars per year.

 

Since 1975 the Earned Income Tax Credit (EITC) has been a godsend to low income earners who really cannot afford to pay Social Security and Medicare taxes (FICA) from an already limited income. The EITC has proved immensely helpful for millions of families across the US. Unfortunately, it is a tax credit that is often misunderstood.

For example, self-employed people otherwise eligible to claim the credit often fail to do so because they believe they are ineligible. Nothing could be further from the truth. As long as a self-employed individual meets all the same criteria as a standard employee, he or she can claim the EITC.

To qualify for the EITC, a taxpayer must be between the ages of 25 and 65. His or her filing status must also be single or married filing jointly. Finally, the taxpayer must be caring for dependent children or qualifying adult dependents not listed as dependents on anyone else’s tax return.

Definition of Self-Employment

The tricky thing with self-employment and the EITC is not actually the tax credit but defining self-employment. Whether or not a taxpayer is truly self-employed depends on how that person’s business is set up. We can start with sole proprietors, as they are the easiest to understand.

A sole proprietor is a person who does business individually, usually under a DBA arrangement. The business typically doesn’t have its own bank account, though some sole proprietors utilize alternative financial services to keep business finances separate. Finally, business income and expenses are reported on schedule C. All business income is treated as personal income for tax purposes.

You can technically be self-employed if your business is set up as an S Corporation or LLC. However, there are other tax implications to consider. Self-employed individuals working under a corporate arrangement tend to pay themselves through a combination of distributions and regular salaries. Corporate distributions are not subject to self-employment tax.

Claiming the EITC as a Sole Proprietor

Most self-employed people eligible to receive the EITC are sole proprietors. By their very nature, employees of S corporations and LLCs generally make too much to claim the credit anyway. Thus, our focus on sole proprietors.

The maximum credit for the 2019 tax year is $6,557. The average credit paid out for the 2018 tax year was just under $2,500. How much a given taxpayer might be eligible for depends on income and the total number of qualifying dependents claimed.

Claiming the credit is a matter of doing some calculations on your annual tax return. A sole proprietor begins with the previously mentioned schedule C. This is the form used to declare all business revenue and expenses. He or she uses the same calculations that he/she used to determine total income or loss from business dealings.

In essence, the amount of revenue left over after deducting all business expenses counts as the sole proprietor’s income. That number is used to determine EITC eligibility. If you were using computer software to do your taxes, the software would automatically calculate any EITC credit you were due. Preparing your taxes manually would require running the numbers yourself.

Play by the Rules

In closing, it is vitally important for self-employed taxpayers to play by the rules. Fudging the numbers in order to reduce self-employment taxes might also make one eligible for a higher EITC credit, but it could also result in losing access to the credit if the IRS discovers what has been done. In essence, the EITC is not guaranteed. Cross the IRS and you might not be able to claim it for up to 10 years.

 

If we compare how we live our lives a couple of decades back or how our elders use to live, we can easily spot the difference in technology around them and us. In the early 2000s, we do not have access to the internet everywhere. We did not have any mobile phones which can support us in office work and so on. Technology has changed every aspect of our lives, and it will keep on changing.

Talking about the change in our lives, it is worth mentioning how businesses have changed over time. Many companies were nonexistent in the 2000s that are currently working around us like fintech (Financial Technology). These are the companies that use technological advancements to help companies and individuals to manage and transact money. Whenever we talk about business and money, this always leads to loans.

Fintech gave birth to an online business loan. But this is just one aspect of fintech. Technology has influenced the loan industry and has drastically changed the dynamics of it. So, how does technology changed or improves business loans? Let us see it in detail.

Impact of technology:

When we talk about business loans in the 21^st century, we cannot ignore technology and the role it plays. Technology has improved many things like our connectivity with our loved ones to our cab booking process. So it must have also impacted the loan industry as well and improved the process for a business to obtain a loan. Here are some improvements which technology has brought in business loans:

Building a bridge between a lender and a borrower:

Imagine yourself as a business owner who needs to finance his business because you are $10,000/- down. This is making you worried, but you do not have enough time looking for which bank is giving loans and at which rate, and either your bank is good against the other one just across the street. Also, when you select a bank, now you have to go to the bank, sit in front of a banker to fill out the application. Submit the application and all the relevant papers for which you have been working for a week. Resubmit a paper if it is not correct or if something is missing, and you do not know whether the bank will approve your loan or not.

This is not an old story of the 19^th century. It used to happen just a few years ago. But with the help of technology, a borrower is aware which bank, or financial institution is offering which type of loan and at which markup rate. Also, the lenders do not have to put billboards or newspaper ads or Television commercials and so many old school methods. They have to upload the update on their website, and this can do the job for them. There are also some websites where a borrower can compare the loan terms and markup rates side by side to make an informed decision. So in this way, technology has bridged a borrower with the perfect lender he is looking for.

Credit score or Creditworthiness evaluation process:

As a lender, you want to be sure that you will receive your money back. For this, what will you do? You are not going to give your money to everyone who asks for it. This is why there is a standard which a borrower has to meet to get the loan. The standards were set so ruggedly and hard that most of the borrowers find it impossible to get their loan application approved. But technology has made it easier.

Before the advent of technology like the internet, lenders do not have all the information regarding the borrowers; hence they use to have their metrics like personal credit score or collateral, etc. However, with the help of technology, a lender can evaluate very minute information like transaction flow analysis and much more. This creates a whole new matrix of evaluation and understanding the borrower for safer lending.

Easy loan application:

Imagine yourself going to decide to apply for a loan. You have decided which bank you are going to choose from. But the only problem is the application process. To apply for a loan, you have to work for a week so that you can collect, print, attest, and some other work to sit on the table of the lending bank and start filling the application form. But you still be uncertain whether you will qualify for the loan or not.

Now again, imagine yourself going to apply for a loan. You have compared all the banks and have come to the agreement that this is the bank from which you are going to get the loan. But you again are uncertain whether you will qualify or not. However, this time you are going to apply online and see if your loan application will go for scrutiny or not. You do not have to go to the bank this time, just by sitting anywhere where you have an internet connection and a laptop or a smartphone. You fill out the form and submit it. Instantly, you will receive the email if your application is accepted or not. How does that sound? Easy right? This is what technology has made it for a borrower and a lender. A borrower does not have to wait for weeks to see if his application is accepted and also work day and night for the paperwork. Also, on the other hand, a lender does have to look at every application. Computers do it for them, and only those applications which fall under the set criteria get through to the table of the lender.

High loan approval rate:

This one is connected with the improvement above. When you, as a lender, do not have to go through all those applications which do not fall upon your criteria, your efforts will be focused on only those applications which can be given a loan. Hence you can now focus on serving them better by offering some relaxed or, in other words, personalized and customized offers that will benefit you.

Also, the other side is for the borrower. A borrower will get to know quickly whether he can get the loan from you or not. This helps the borrower focus on finding the lender who can help him. You will not have to waste your precious time upon a bank that will not go to give you a loan after you have put in work for a week or so. Hence if your initial loan application is accepted, then there will be a high probability that you will get the loan.

Loan payment tracking system:

When you have borrowed the money, it is hard to keep track of your loan payments and to pay on a specific date. It happens that sometimes you are so messed up with a new project that you forgot to pay the due money back to the lender. This might result in asset recall from the lender or some penalties, which I know you do not want to give. So technology helps you keep track of them. This tracking system can be automated, as well. It can make payments upon your behalf upon your per set date and time. Also, it can notify you that you have to make the payment today.

THE BOTTOM LINE OF THE DISCUSSION

It can be said that technology has improved our everyday life. The way we interact with each other and the way we work. Technology has also impacted the way we transact money, and this change applies to the way we use to borrow or lend money. With technology, it is easy to get a loan now because the lender and the borrower are more informed. However, whenever you are into taking a loan, you have to be cautious because if you can take a loan, it does not mean that you should take a loan.

Wellbeing inside and outside the workplace is an essential factor for any employer. It is said that companies lose a significant amount in productivity due to mental health issues. What can you do to ensure your employees are fighting fit and loving their work-life?

Check out some crucial ways that you, as an employer, can promote positive wellbeing at work:

Encourage employee feedback – Employees feel valued and happy when they have a voice. Encouraging regular feedback from staff can open the conversation for other areas that need to be addressed. This feedback can be anonymous too, and systems provided by companies such as Inpulse.com enable you to compile all the information and consider the responses.

Offer support – There are several ways you can foster a better space for employees, and one way to do this is by offering onsite support. If employees know they have a place to go to, they will feel reassured that their thoughts and feelings are being listened to and that any concerns they have are being taken seriously. You could even arrange small mindfulness groups and mediation sessions to improve overall wellbeing and productivity.

Implement staff benefits – A great way to promote a healthy and body and mind is to include a wellbeing benefits package. This could consist of things such a subsided gym membership, travel coupons, cycle to work schemes, and health insurance. By promoting a healthy lifestyle can improve overall wellbeing at work and home.

Praise staff more often – Something as simple as a ‘well done’ or ‘good work’ can have profound effects on wellbeing within the workplace. Employees that feel valued in their work and are appreciated are more likely to work more productively and take fewer sick days. It’s important to recognize personal achievements and company-wide ones too, as these can help boost the morale for everyone in the company.

Offer training – Many people strive to push themselves in their careers. However, if staff feel they are unable to learn more or try something new, they often move onto a different role. Providing both internal and external training is a great way to push employees further and offer them with aspirations for higher positions and promotion. It could be as simple as training an individual on a new system or further study, such as sending them to night school to take a master’s degree. Each can have positive effects on wellbeing and personal enrichment.

Incorporate flexible working – The days of being tied to your desk 9-5 are starting to filter out of the average corporate office in favor of a more flexible schedule. By recognizing that employees can manage their timescales and projects, you open an increased level of trust with your staff. In this environment, employees feel more motivated and valued and are more accepting that there is a level of confidence to ensure this arrangement works well for both parties. Flexible working also helps prevent burnout and can improve employee satisfaction in the workplace.

Employee burnout can often happen as a result of low morale. People aren’t productive, they aren’t motivated to show up, and they aren’t producing good work. Usually, turnover is high, resulting in valuable production time being used to train employees yet again.

The best way to tackle a low morale problem is first to accept that there is an issue and start thinking of creative ways to tackle it. Not only will you get the best possible performance out of your employees, but you’ll be happier as a manager with less to worry about.

Reward Good Performances

Rewarding employees’ performance is a critical step in making them feel motivated to do their best. You want your team to improve as they go rather than get comfortable where they are. The best way to make this happen is by offering incentives.

Rewards can be anything from delivering a fruit basket to offering theater tickets. Give them something that makes them motivated to perform at their maximum potential. When you can inspire greatness, then you know that you’re fulfilling your job as their leader.

Increase Communication

One of the most straightforward ways to boost employee morale is to improve the lines of communication. Be present when you talk to your team become sincerely invested in how they’re doing.

Check-in with how well their energy is doing and inquire whether there are any current challenges they’re facing. Offer to give them whatever tools they need to make their job easier.

Your employees should be valued and treated like assets. If you expect them to give you their best performance, then you’ll need to invest in how they’re feeling. Checking in once in a while is a critical part of leadership. Let them know that they matter and you care about their well-being.

Encourage Feedback

Often employees feel scared about sharing their ideas with their managers. If they feel like they can’t give their input, then you’ll never have an accurate reading on how well your team is doing.

Always encourage feedback and encourage creative thinking. You’ll get much more out of your employees if they feel like they’re an active part of the process.

Have a Little Fun

It’s essential to roll up your sleeves once in a while and take your corporate tie off. Encourage your team to have fun once in a while. Organizing something casual like an outing together to a restaurant or even going to an event together can get your team to open up.

When they start seeing you as a real person and not just a manager, they’ll be more inclined to give you their best work. Apply these tips and encourage growth, and you’ll have a great team on your hands in no time!

Parramatta, a suburb in the Greater Sydney Metropolitan, was founded in 1788 and is now regarded as the oldest inland European community in Australia. Apart from being home to the Westfield Parramatta, which is one of the biggest shopping centres in the country, this suburb also boasts of an efficient transportation system, a thriving commercial district, and a booming economy.

Parramatta is steadily making a mark as one of the most liveable suburbs in New South Wales (NSW). With its spacious yet affordable apartments, tons of employment opportunities, and numerous heritage sites, it is not surprising that many Sydneysiders are moving here and loving it.

If you recently moved to this suburb and are in the process of fixing your place, you may be tempted to do your electrical work by yourself. Even if you are a fan of the DIY method, it is still best to hire a licensed electrician in Parramatta for the following reasons:

It is Mandatory.

According to the Home Building Act of 1989 and the Gas and Electricity (Consumer Safety) Act of 2017, only licensed electricians can do electrical wiring work or installation in NSW. Whether you like it or not, the most you can do with electricity without needing a license is changing the light bulbs in your new apartment.

Before you even attempt to circumvent the law and try the recent “How to Do Electrical Wiring Work” video you watched on YouTube, know that you can be penalized for this. You can receive a fine of $22,000, and if you fail to do the job correctly, you may even get hurt or killed in the process.

It is the Safest Option.

Hiring licensed professionals to do high-quality electrical work is an investment and not an expense. Note that 1 out of 5 fire incidences in Australia is caused by faulty wiring. Why risk property damage or the emotional and social pains of electrical fires when you can avoid them by hiring licensed professionals?

Apart from the risk of house fires, doing illegal electrical work exposes you to the harmful consequences of getting in contact with electricity. You may not even realize that you are mishandling the electrical issue, given your limited knowledge of electrical systems, until you get hurt.

Keep in mind that this job is dangerous for the untrained individual. You can suffer from serious injuries, like losing a limb, or worst, losing your life.

It Assures Excellent Outcome.

A licensed electrician does not only have the qualification, experience, and expertise to do the job but also has stock knowledge to ensure outstanding results. They would know if you need more than just installation after inspecting your electrical system.

You may think that you just need wiring work, but a professional can see beyond the obvious. Licensed electricians can offer cost-effective solutions that would work best for your needs and have the right tools and equipment to do an efficient job.

It is Hassle-Free.

Hiring a licensed electrician in Parramatta can save you valuable time, effort, and even money. Why spend hours doing a dangerous task that you know very little about when you can hire someone who can do it well at half the time? When you hire professionals, you can focus on more critical tasks that will bring more value to your life.

A licensed electrician in Parramatta would have received the right training, passed all licensing requirements, and acquired proficiency to do high-quality work. It is unwise to think that you can match the expertise of a professional by merely spending hours watching how-to videos or reading instructional materials. Ponder on the reasons discussed above and make sure to find a credible and licensed electrician to do the electrical work in your new home.

In Singapore, many people are trying out their hand on forex trading putting the country among the top three largest forex trading countries in the world. Some of the traders trade in FX to boost their income while others depend on it solely as their means to an end. With the popularity growing every day, it shows that there is something good about forex trading that people like.

When you read through online views from forex traders, or listen to them, you will want to get into the market almost immediately. The trading market to newcomers looks colourful which is understandable due to the many success stories. Even with all the success stories, is forex trading good enough to make a living out of its proceeds?

The answer to the above question is yes, you can make a comfortable income out of forex trading to boost your living. This will however depend on several factors one which includes your choice of the trading platform. One of the reasons for the trading success in Singapore is because the country also has some of the best forex trading platforms such as Saxo Singapore, which boasts of a rich satisfied clientele and offices in 15 other countries.

How to make a living out of forex trading

Forex trading is not as easy as some people try to make it sound. It is also not as hard as others make it appear. Everything you do in forex trading depends entirely on how much you understand the intricate details of the market and the risks the trading involves. The road to making a successful living out of forex trading will include the following factors.

Create a workable routine for trading

For any venture to succeed you, need to have an airtight routine in place. Forex trading is no exception and you should go at it with the mind of a professional trader. Maintaining a regular routine brings about discipline in your trading activities because forex trading requires the adoption of a positive mindset. A routine allows you to plan trades and plans for less trading mistakes.

A trading routine will largely depend on how well you understand the trading and currency markets. You also need to know and recognise things about you that make you who you are. These are things such as follow-through, patience and discipline. A routine also includes learning about the risks involved and how to manage the same risks. Lastly, a routine is adapting to the trading strategies in the market, tracking, and monitoring all the progress using a journal.

Set some money aside as your starting capital

The good thing with forex trading is that you do not have to start very high and there is no set amount to begin trading. You can start with as low as $150 though you should not expect much gain with such a low capital. You can start as part time trader, meaning there is something else you are doing as your main source of income.

Starting as a part time trader requires less capital as that of a full time trader. Starting small also helps you to test the waters and decide whether you want to continue or count your losses and leave. It also helps you to develop your trading plan and strategy and to build your trading confidence.

Starting small and with little capital also has less attachment emotionally as you still have something else to fall back to if things do not well. If you are new in the business of trading, the best option would be to trade through an expert. While at it, you also need to learn the role the central bank plays on forex trading.

Find out the average amount of money other traders make

Before you get into trading, ask around to learn how much other traders ask. Some of the stories are very inspiring that you may end up going at trading with your mind set on making profits only. You have to remember that not all traders are the same.

Some trade with large stating capital and make more gains while others are still struggling. Learn everything about their tolerance to risk, money and risk management skills and their trading experiences among many other things.

Wrapping it up

If you go into forex trading with the mind set on a get rich quick scheme, then you may not want to continue if things turn otherwise. Treat trading as just any other business that needs dedication, a flexible mind, never ending learning opportunities and practice. If you do everything right, then yes, you can turn forex trading into a major source of living.

 

Integrating digital technology into your oil and gas operation is one of the most useful things you can do with your new year. Your business will benefit in a variety of ways, and you’ll find a slew of solid efficiency boosters.

Explore the various ways in which digital technology can help to boost your business. Here is a quick look into a few general pieces of info that will help you take the next step towards a digitally enhanced operation.

Work to spread knowledge about the industry

Creating digital content for web users to explore gives your business a chance to connect with people all over the world. Building a blog is a great way to get ahead on this goal.

Develop a collection of relevant blog posts that offer inside information about industry-related topics. This blog post, for example, highlights information regarding centrifugal pump wear ring clearance. The specificity of the topic will draw a targeted crowd.

Build a website for your operation

Your oil and gas business will benefit from a well-built business website. There’s no type of business in this century that doesn’t find value in building a business website.

Take the time and resources necessary to develop a well-built, super functional website for your operation that offers opportunities to a targeted group of web users.

Optimize all of your digital content

Search engine optimization is a good fit for all industries. Learn to design content that is well-suited to communicate directly with Google’s many different search algorithms. The algorithms work to sort information in a flash.

Your job is to make your information easily recognizable for what it is. Delve into the specifics of SEO, and apply what you learn to every piece of digital content your business produces.

Aim to connect with a younger workforce

Direct your professional recruitment efforts towards a younger applicant, and bring in fresh new minds in the realm of tech.

Your business will have a better chance to succeed in the digital world with people who have grown up with the changes in technology and know the ropes. Hire minds that can help find new ways to new technology to streamline processes in your operation.

Use tech to boost communication

Communication is crucial in any business, and your oil and gas business needs efficient communication as a foundational building block to your future success. Communication, in general, in the oil and gas business has needed an overhaul for quite some time.

For instance, a run-of-the-mill refinery can likely be found running machines composed of parts made by several different manufacturers.

When something goes wrong with those machines, it’s much harder to find a solution. Boosting communication and collaboration between manufacturers could actually save lives.

When I was a teenager all I wanted to do in life was own my own record store but I never really saw it as a concrete plan, more of a wishful fantasy. As I grew up I fell into the rat race, took a course in marketing and began working for a digital marketing company where in truth, I was never really happy. Just before my 30th birthday an even happened in my life which kicked me into gear and after some hard months of saving up and planing, Soul Quest Orlando was born. I haven’t torn up trees since I launched the shop but I am doing pretty well and most importantly I am exactly where I need to be in life. If you have a dream of owning a business, here is why you need to go out there and do it.

Life is Short

It was a friend of mine who passed away just before I was 30 that made me realize I may not have forever to plan this shop. In the back of my mind I thought that I’d retire from marketing at around 50 and then launch the shop as a way to enjoy my later years. I realized very quickly just how arrogant this thinking was, working on the assumption that I’d still be around. I may very well be, but there are no guarantees in this life and you just have to take advantage whilst you can.

No Regrets

Even if you do make it to 80,90 or 100, there is going to be nothing worse than sitting in that chair in front of the TV in your nursing home, pondering on all the opportunities that passed you by which you are now not able to do. This is something that stays with me a lot and whilst I have no doubt that I’ll have regrets about things that I did or didn’t do when I get into a ripe old age, not setting up the business that I dreamed of will not be one of them.

There Are No Obstacles

One of the reasons why people don’t go ahead and start that business which they have always dreamed of is because they put up a number of obstacles. Not having the skills, not having the money, not sure where to start, these are all challenges not obstacles and just like everything in life, you have to meet them head on if you want to succeed.

Failure

Without doubt the number one reason why people put up these obstacles and put off setting up their own business is a fear of failure. To get over this you just have to think, what is the absolute worst that could happen? Maybe you go broke or have to file for bankruptcy, that happens sometimes but when it doesn’t it only results in problems for a short while and then you’ll get back to how things were.

Don’t hesitate, go out there and get your dream.