How to Quit Your Job

How to Quit Your Job

by: E.SAUNDERS

Do you to know without ending up on the street? In a nutshell, you need to avoid
the self-employment trap, think like a business, and create multiple passive
revenue streams.

Avoid the Self-Employment Trap

If you quit your job and hang up your own shingle, you might work harder for
less money. You may enjoy working from home or choosing your own clients, but
you might end up living from client to client without building any real wealth.
Many self-employed people I know suffer from feast or famine. They spend lots of
time and money marketing their services and get lots of clients. They get really
busy doing the work and stop marketing and then their prospective client pool
dries up.

If you set up your business so that you do everything - marketing, sales,
bookkeeping, operations, and fulfillment, then you are limiting your success
potential from day one. You will spend lots of time on non-income generating
activities and may get frustrated and burned-out in a short time.

The real key to successfully creating wealth outside of a job is to avoid the
mistake of trading one boss for another boss. You need to stop trading your time
for dollars. Stop thinking like a wage slave. Look beyond earned income.

Think Like a Business

There are many problems with earned income. The biggest one is that you are
trading your time for money. If you stop trading your time, the dollars stop
coming. This is a huge problem if you decide to have a baby, get sick, want to
take an extended vacation, or are ready to retire.

The IRS penalizes self-employed people who operate as a sole proprietorship with
a hefty self-employment tax. How can you avoid this? Well, I am not an
accountant or CPA, so I am not giving legal or accounting advice, but I have
learned to think like a business. Before you quit your job, interview local tax
advisors to educate yourself on different business entities and tax strategies.
Start thinking big.

Build a Company with Multiple Passive Income Streams

You need to build a company that works for you. My best advice on how to quit
your job is to build a business that offers multiple streams of passive income
in addition to your earned income. There are so many exciting ways to design
your income portfolio. It requires imagination, courage and planning.

Structure your business so that your daily activities are fun and challenging.
Identify the things that you don’t enjoy or are not good at and find other
people to do these activities – outside partners, independent contractors, or
employees.

How to Quit Your Job

My advice for how to quit your job is to avoid thinking that you have to do
everything yourself to make your new enterprise run. Think big! Set up systems
and structures that work for you so you don’t have to work so hard. Incorporate
and make the tax system work for you. Design your work around multiple passive
income streams to support your active work. And finally, have fun!

Fours Simple Steps To Improve Your Resume

FOUR SIMPLE STEPS TO BETTER RESULTS WITH YOUR
RESUME

by: E.SAUNDERS

Is every job description you read the same? No.

Is every job you submit your resume to the same? Of course they aren’t.

If all these job descriptions are different, why do you submit the same resume?

Every day, people send the same generic resume out as though each position was
identical and each employer was attempting to hire identical skills and
attributes. Too often, the results they receive are like the broken watch that
is right twice a day—hit or miss success.

They list their name, address, phone numbers and email address, list an
objective, education, and chronology of experience with dates of employment. The
resume includes some successes or accomplishments. This is their resume.
In the days prior to computers when changing a resume required you to re-type
different versions, this made sense. Today, when computers allow you to
customize, spell and grammar check documents so easily, you are missing out on
opportunities and costing yourself money by being lazy and not tailoring your
resume for each opportunity you are interested in.

Here are several steps that you can do to improve your resume and get better
results.

1. Each employer will be interested in different
attributes of your experience. They often indicate it by the items they describe
in their job ad. Emphasize the experiences that you have that relate to the
skills being sought and the functions you will perform in the job they will ask
you to perform. If you are applying for a staff position, emphasize your staff
experience and minimize your management experience. If you are being hired to be
a leader, write about your recent leadership.

2. Employers are more interested in recent work,
rather than work you did many years ago. Use more space in your resume to
highlight recent experience, rather than things you did before George W. Bush
became President.

3. Like setting a goal where you make them
specific, measurable, achievable within a specific period of time, describe your
successes or achievements concretely. Reducing costs is a nice start but it is
more powerful to describe something as reducing operational costs globally by
2%. Increased departmental sales by 27% resulting in . . . You get the idea. Use
action verbs wherever possible.

4. Ask someone you trust to critique what you’ve
written. Too often, people believe that they can do everything by themselves
without asking for help. Ask a friend in your industry to critique what you’ve
written to insure you’re on target and aren’t missing the mark.

When you go to a restaurant and order a meal, you have the expectation that
it will be prepared in a way that will please you and be presented on the plate
beautifully. Writing a great resume requires that you be the chef and prepare a
meal that is both visually appealing and tastes great too!

Company/Employee Handbook As Organisational Improvement Tool

Company/Employee Handbook as Organisational
Improvement Tool

by: E.SAUNDERS

A business is only able to grow as fast as the internal organisation is able to
process higher volumes of sales. But how to get an optimal internal
organisation? Well, you will need to adapt your internal organisation over and
over again. It’s a never ending story. However, a Company/Employee Handbook
could assist you to achieve the best internal business organisation.

This brings up the question, What has to be included in a Company/Employee
Handbook? Everything what has influence to your business operation. First of
all, it has to be outlined which areas the Company/Employee Handbook will cover.
As it has to do with internal operation, here is a list of items you should
include:

- Company Background Information (Name-Development, Foundation date and place,
History-Milestones, Vision)

- Owner and/or Manager Bios/Profiles

- Listing of Officers and Board of Directors

- Employment Roles (Job Roles, Job Descriptions)

- Description of the main products and services (just use your marketing
material)

- FAQ (about internal subjects only)

- Company timeline (What, when, where)

- Office procedures (Workflow-Information, Working Procedures)

- List of persons to know (Bank Contact, Tax Advisor, Laywer, Main Suppliers,
etc.)

- Overview of agreements (Rental, Leasing, etc.)

- Internal Policies (Dress code, Phone usage and answering, Voice Mail
Procedure, Parking,

Business Cards, Drug Policy, etc.).

The above list shows which information should be included.

The following list
shows which departments should be included:

- Distribution

- Inventory/Warehouse

- Marketing (How Follow-up’s are handled, Lead-Generation, etc.)

- Customer Support

- Research and Development

- Accounting

- Human Resources

- Purchase/Procurement.

The above two lists just show, how complex it could be to setup a
Company/Employee Handbook. But it don’t have to be complex, just start partial.
Only include the information which are already available and use the help of
your employees. The benefits of having a Company Handbook are numerous, your
employees will save time, it will be easier to improve procedures, because the
procedures will be broken down into small sections of the whole precodures.
Everything is clearly described, so nobody needs to ask over and over again. In
case of holiday or illness of an employee, others could jump into the job,
because they could be trained faster.

As employer, you could hire employees with lower education. And your employees
will love it, because they know where to look, when they have questions and they
could improve their working environment as well. But the most advantage for the
owner is, that the organisation will be able to work properly, when the business
grows and when the owner might sell the business one day, it might get sold
easier, because of the proper organisation.

When installing a Company Handbook, you will find procedures you could automate.
Automating the operation as much as possible will also be a big benefit, because
employees and employer are able to focus their workforce on more important
topics, such as improving the sales volume. Furthermore automatization will
reduce to cost of operation as well.

A Company/Employee Handbook is a bit like a Business Plan, but far more
detailed, because it will contain information on every internal procedure. Only
the financial part of the business plan will not be included, but if you like
you might include some financial information you like to share with your
employees. As you describe your procedures just do it as a numeration or
listing. The description don’t have to be very well formed, it’s just important
that everyone who will read it, is able to understand what has to be done.

Remember, a Company Handbook is a living system, if you and your employees are
not updating it regularly, it will be death one day, because it will only
contain old stuff. So keep all people within your business engaged in improving
the Company Handbook, because it will improve your business internal
organisation as well. While starting to write the content of your Company
Handbook, concentrate on job roles at first, afterwards write down job
descriptions, in case a job role has been given to employees twice (Accounting
Staff, etc.). Job Roles need to include the duties and the responsebilities of
the described job.

Job Roles, Job Descriptions and Workflow-Descriptions of special procedures
don’t have to be the same, but take care that the information is consistent,
that means that it is written in a stream. This way the entire Company Handbook
will be of benefit for everyone. When rereading something on your Company
Handbook and you still have questions, than the entry is not finished.

Last but not least, your Company/Employee Handbook should be available everytime.
To do this, think about an Internet or Intranet Solution, depending on the size
of your business. Keep it simple and slim, and you will have many benefits from
it. Good Luck.