how to determine a company is able to meet its current AND long-term obligations as they become due?
how to determine a company is able to meet its current AND long-term obligations as they become due?
You don’t give any background parameters for your question, nor do you indicate if you have any facts one way or the other as to the type of company, i.e. Small retail business, large manufacturer, or even if you are referring to a family business. So, taking your question at its face value, and having no internal information from you of potential liabilities such as high debt to income; tardy bank loans, overdrafts, extended credit issues, tax problems, continued sales and trade declines and so on, I would say that one would have to look for outward signs of either corporate financial distress or financial success. Visible signs of distress might include unkempt premises and landscaping, lack of advertising, or a start and stop advertising program, high employee turnover possibly due to poor salaries, reputation of unreliability and poor community image in general. Visible signs of a thriving company would obviously be the opposite of all of the above. However, even successful companies can run into trouble if they don’t plan for success. In other words, not enough trained employees to handle backlogs of unfilled orders could result in lost orders, for example, and so on. In my opinion, the reason that companies do poorly or well all comes down to one thing, the quality of their management. Studies have shown that bad management is the number cause of the failure of all businesses. I hope that this was of help.
How can a person be a financial Investor?
I mean what a specific major(s) in college can help a person be successful in Investment field? On the other hand, Are there any sources that can help analyzing financial data in order to make a decision on investment?
Any major is good, but make sure you are top of your class. A finance major or MBA will help. To be successful in investment you need to learn by practicing and understanding all the financial instrumenst. What is a call or a put option, what is shorting a stock, what is being long, what are bonds and how do they trade, what is collaterization,…etc
Securities prices (bonds, stock,etc…) are a function of future earnings and risk. Macroeconomics, industry specififc data, company data, management…will help understand the impact on future earnings. They what are each securities NPV, future free cash flow, what are the multiple of earnings to use…thise are questions that you need to answer. At the end of the day it is more an art than a science.
Good luck…have fun out there.
What do I need to start a painting company?
I’m looking into starting a exterior house painting company and was wondering what all I’m going to need to get started (tools and gear and what not) as well as the approx start up cost.
-This can either be residential (houses) painting or commercial (buildings, offices) painting.
-Learn trade-specific knowledge. This can be learned from trainings. There are a number of trainings that are offered for free by trade/technical schools, government workshops, even free trainings on-line.
-When starting out, a license may not be required depending on the state. However, when expanding, a license has to be acquired. Painters can get an occupational or contractual license.
-Make the right contracts and contacts. For residential painting, get acquainted with local real estate agencies. This can give constant referrals and access to a good number of painting jobs. For commercial painting, a portfolio of past work may be necessary.
-Secure the needed equipment as well as truck to start a painting business. Invest in compressors rollers, and other tools for the painting trade. The truck has to be big enough to haul these equipments to the site.
-Ask for financial assistance for start-up costs. If there isn’t enough money on hand, individuals can approach banks or money lenders. However, they can also propose for a grant, loan, or capital investment from local government agencies as well as from private investors.
@Tips for Starting and Marketing Painting Business
-Invest in advertising. Marketing a painting business is important. The more people know about the painting business, the more clients to work for, thus more money to be earned.
-Establishing the right contacts is key to a successful painting business.
-Aside from contracting with a local real estate agency, contracting with a paint supply company can also greatly increase referrals and painting opportunities.
-Do not overcharge services. Contact other painting business and companies to get an idea of the different charges for painting services.
What is the best MLM company going today?
I just wanted to know what MLM company do you think has the best opportunity and why. If you could also say what product they offer.
Do your own evaluation and let me know.
First criteria for any MLM or NM company is your personal criteria by simply asking and honestly answering this question:
“Would I be still using this product or service if there was no business opportunity attached to it?” If your answer is “NO”, then this is NOT the best company for you.
Providing you stick to the following 7 Foundation Blocks to evaluate MLM and NM company your chances to land with the best one are 1000 x greater than joining someone who is just plugging it for the sake of plugging. Do not be surprised to find out that many of those so called MLM gurus do not know how to spell MLM backwards, usually selling $49.95 information on how to get 300 people a day to join your downline, only for you to find out that they are not part of any MLM company, hence never done it themselves.
7 Foundation Blocks —
1*******the right reusable product not available in stores directly shipped to your customers; (you do not want to store the product, warehouse nor do you want to ship it, invoice it or collect the money for it)
2******the right timing with sensible turn-key and duplicable inexpensive Marketing Strategy in place; (none of that nonsense of making list of friends relatives dead or alive and everybody who said hello to you during the last 15 years, quickly landing you in an all exclusive NFL Club – No Friends Left)
3*****the right management with your own successful mentor;(top management must be experienced in NM Industry and your sponsor/mentor be a person who has been with the company for at least 12 months showing steady growth in her/his income, fully revealing his/her cost of marketing to attain such an income)
4****the company being at least 3 to 5 years in business with marketing potential to a large international population; (do not get stuck to one state or one country deal only with a promise to expand in the future)
5***the right compensation plan; (could write a whole page on this one)
6**the right cause and mission; and (very important, company must not be driven by corporate greed but willing and ready to share it’s fortune brought upon it by distributors. Should their project be of a charity nature like supporting underprivileged kids, make sure company fully reveals the administration costs to you. Administration cost should be ZERO or a maximum of 10%, anything over and above that represents another write-off for the company, taking those profits out of distributors pockets; basically a GREED masquerading as a charity)
7*the company should be privately owned with a chance for you to obtain shares as a bonus for your performance, it must not be publicly traded.
Stay away from any hyped up start-ups or Just-Launching-in-2-weeks deals with join-now-before-everybody-will. Company must withstand the test of time.
Any service or product that is dependent on any form of Government Licensing and regulation or de-regulation is very risky, unless you know a government you could trust your future and that of your family with.
Majority of programs offered for free and that cost nothing are, from the income point of view, worth exactly that — nothing. They are usually designed to gather information about an active e-mail accounts selling them as leads to spammers. Again use your common sense and ask the offering party for proof of income. If hesitant, you can be pretty well assured that he/she can’t show any profits or their expense in time and advertising cost equals or even exceeds the cash flow received. Total waste of time.
There are virtually thousands of NM companies out there. I’ve spent well over $10,000.00 in 2006 to research and join many only to find half a dozen that would deserve my name attached to their name, product, service or Compensation Plan. Compensation Plans were the worst problem, mostly geared to reward just a few people at the top and to benefit company the most or bonuses paid on the highest levels with quotas unattainable to any part time distributor. These companies generally promoted their opportunity as an ideal to start part time and build it up. That is virtually impossible for a part time participant to accomplish with a full time job attached to his/her daily schedule.
Use the above criteria and let me know if you find a company that fits the glove. I am always ready to learn for I coach people in NM worldwide recommending only a very few companies so far.
Providing you are truly interested in more detailed and substantiated information on evaluating these companies, contact me at my gmail address listed in my profile and should you find a good company, by all means let me know. Thank you.
How does this look on my resume if I am applying for a job at an investment firm?
I am going to be a junior in college this fall so I don’t have much professional experience working with investments. I do have experience in investing and trading stocks though. So if I were to add the following items on my resume under the “Hobbies and Skills” section, would it look impressive or would it look no good. All of the following is true by the way:
·Has a passion for researching equities.
·Recently started managing $90,000 of family portfolios, which include equities and options.
·Realized a 40% gain year over year in a model portfolio from 2006-2007.
As I said, this would be listed under the “hobbies and skills” section of the portfolio. I also have a few more things listed there so it is not like this is the only thing.
Thanks for answers.
Well…so much for the “uninformed” trying to give “amateurish and nonsensical advice”. Geez.
Sorry, I’m tired, should have been in bed already…but “hey”…I’m trying to help someone out here!!!
First of all…What kind of job do you want with an investment firm? There are many…Bond traders, merger & acquisition consultants, floor traders, options traders, commodities traders, treasury/agency/CMO’s,…yada-yada-yada…as well as all the standard…and not so standard…administrative positions.
If, as most people are assuming…me too…you want to be a Financial Advisor/ Stock Broker/ Financial Planner, etc etc…working with individuals versus institutions…then DON’T INCLUDE ANYTHING that you’ve listed.
Investment companies…one’s I’ve worked for…and the one I STILL work for… Don’t care “squat” about how much you LIKE to “research equities”, enjoy “managing 90k” in assets, or made “hypothetically” a good return for a “pretend” portfolio.
Here’s your “appropriate” resume format for most “Investment companies” hiring “Financial Advisors”:
Education: (High school and college and ?)
Work History: (if none…list apprenticeships, etc…or skip?)
Computer Literacy: (maybe)
Hobbies(?): (see below)
Community Groups/Affiliations: ( =contacts for leads later?)
Languages: (more than one?)
A cover letter is where you would state “goals and ambitions”…but, please…keep it “business-like”…no Oprah, Tyra Banks, Uncle Phil…uh, Dr. Phil type touchy feely crap…if you want to work in the “real world” of finance and business…dry that spot behind your ears, wipe your nose, “buck-up” as they say and act like the man your want to become!!! Your cover letter should be similar to a letter to shareholders…but short…like a one-pager from Warren Buffet or similar. Yes, a one-page cover letter and a one-page resume. You get to impress your “prospective employer” by showing up (even to fill out an application) in a suit and tie, by speaking intelligently and confidently, and by showing an earnest interest do doing well financially…for yourself, the firm, and the cllent!!!!!
You CANNOT have enough experience to “qualify” to manage the assets of someone who has already 1) ran a successful business for years 2) saved 100k+ over a lifetime..or the last 2-5 years 3) has 5 million in liquid cash and another 5-10 million in properties (residential/commercial?). You “can” grow into it…by joining a reputable firm that will “train you”/ “educate you” and enable you to “survive” in the business to eventually be qualified to be in a room with the people I’ve just described. Because, “pretending” to know more than you do…can lead to losing a grandmother’s lifesavings that can’t “make it back” through employment…and that would be a terrible thing to have hanging over your soul…and you never want to be that person. Never gamble with someone else’s money… Yours… Sure, it’s yours…not someone else’s.
The “investment company” doesn’t care about your 90k….that’s a “small account” in our world…and many of my peers won’t even take them as a client. 40% in a year, big deal, many people do that…consistency is the key…what happened next…all gone?….dropped back to 20%…..it doesn’t matter…it’s “pretend” money…I always win at Monopoly…can I manage your 5 Billion dollar commercial project, with no “real” experience? (but I own Park Place and all 4 utilities!!!)
Investment firms want someone that is ETHICAL…that WON’T be trading stocks and options for a group of clients with 90k accross multiple accounts…it’s too high risk…for YOU..the firm and the clients…if you mess up…it’s your license and career that’s gone…along with the money!!! ETHICAL, willing to WORK HARD, is INTELLIGENT, seems SINCERE, and will a sense of TRUST in their clients/prospective clients. If clients sense that you are honest and ethical and have their best interest at heart…and you stick with financial basics…you and they will do well.
Basics. In the application stage, and starting out…that’s the key…and don’t try to impress a future manager with “minor” things like “investment experience” that doesn’t qualify as either “investments” or “experience”. If you want to list hobbies..include, sailing, learning languages, playing in chess tournaments….something that shows you are a “well-rounded” mentally/emotionally healthy individual who can cope with the stress of a “stressful” job…but bullet points only…leave the “dribble” to the cover letter…if you can’t help yourself.
…and I’m tired…. Goodnight.
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