Archive for May, 2010

Women, Ask for a Raise

May 27, 2010

According to an article written by Jane Perdue of Charleston, SC, and a study by Pink Magazine, women in South Carolina earn 72 cents for every $1 a man earns. It’s important for women to learn how to negotiate. Many women just aren’t comfortable asking for an appointment to negotiate their compensation.

Where can you begin? According to Jane Perdue, Visit jobsearchintelligence.com or salary.com and see what the salary range is for people in your profession, in your geographical region. Speak with a recruiter specialized in your field. Prepare a list of compelling facts that shows the value you’ve added to your company. Include new skills and new knowledge you’ve acquired which attribute to your added value. Have you saved the company money?

Show that you’re a forward thinker. Think through the goals, objectives and mission of your company. How can you help them achieve these? Show that you’re a team player and willing to break the mold and continue to learn more so you can be an integral part of the team. This level of thinking proves your commitment, conviction and intentions.

Once you’ve developed a list of facts and how you plan to help the company grow, practice your approach with someone you trust. Jane also suggests anticipating objections and plan to stay calm, regardess of the outcome. The next step is to request a meeting with your boss. You must be prepared for this step before you ask for the meeting – he or she may invite you in on the spot, it’s happened to me! Be self assured that you’re doing the right thing even though it’s uncomfortable. Your boss will respect you for taking the time to prepare for this meeting and the courage you have for seeing it through.

Be mindful, too, that there are opportunities to earn extra money on a part time basis. If you have leadership qualities and enjoy helping others you can develop a reliable, residual income which may provide exactly what you need. For more information, please visit www.womenunite.biz and www.Udeserve2Know.com.

Home Building, Real Estate, Mortgages – Other Sources of Income

May 25, 2010

Some of the recent news (Assoc. Press, by Alan ZibelĀ and Martin Crutsinger) discusses facts about how the recent tax incentives have helped home construction surge last month. But now that those tax credits have expired builders expect activity to drop again and they’re scaling back. This makes it very difficult for the vast number of independent contractors who have counted on this industry to provide for their livlihood.

The good news is that mortgage rates are remaining at all time lows; however, lending standards and high unemployment will continue to cut into the progress of new home construction. While there are signs of improvement, these industry professionals are working harder than ever, and many have had to find secondary sources of income – a Plan B.

A full time professional is stuck between a rock and a hard place. How can one justify putting time into another job or endeavor when it might make sense to just stay focused on one’s expertise? There is a viable solution; however, it’s not for everyone.

Developing a part-time home-based business that offers residual income is ideal. A growing residual income will help support financial needsĀ during difficult times and provide a cushion for retirement. Why isn’t this for everyone? Because it requires discipline and commitment.

Once a professional has decided that they’re willing to spend at least five to ten hours per week on a home-based business, then it’s a matter of finding one that is reputable, safe and duplicable. There are 12 success factors to consider when searching for the right opportunity:

  1. Is the company at least 5 years old?
  2. Is it financially sound?
  3. How strong is the management team?
  4. What is the product? Is it unique and consumable by all (men, women, young & old)?
  5. Are the products competitively priced?
  6. Is there a high documented monthly reorder rate?
  7. Is there a low personal production requirement?
  8. Is there a low entry fee?
  9. Is there low attrition?
  10. How’s the timing for the type of business – does it have longevity?
  11. How secure is the marketing and compensation plan, is it willable to heirs?
  12. There should be No Risk.

Once finding the best opportunity, stick with it. Schedule time to work that business just as one would with any other job or business. Team up with successful partners who have proven track records of helping others achieve success; and resolve to never give up!

Shoshanna Szuch has a food and beverage background with major hotel corporations. That background helped her launch her career as an entrepreneur in sales and marketing. She has helped many businesses and individuals throughout her career and is positioned to help many more.