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Monthly Archives: November 2013

It's All About the Money, Money, Money, and Yes Money!

It’s All About the Money, Money, Money, and Yes Money!

It’s All About the Money, Money, Money, and Yes Money!

What is money? A child might say that its something rich people have and poor people dont. An engineer might go into a detailed and lengthy explanation, but we all know that money is what really makes the world go around.

It’s All About the Money, Money, Money, and Yes Money!

In the business world, money is the definition of success or failure. Thats why its vitally important that every entrepreneur has a good understanding of money even if their business is still struggling to get off the ground.

Have you ever noticed that people who have a lot of money are magnets for more money? Ive listened to the gripes and accusations of onlookers who accuse them of being born with a silver spoon in their mouth among other things, but its more than that. The secret is that they UNDERSTAND money.

Financially successful people can spot opportunities to create more money in a heartbeat. They understand the money system and how it works. They know the magic of creating money. They have experience under their belt.

Understanding money is a key ingredient to becoming someone who has money, and fortunately its getting easier instead of harder to do just that. Think about it. A checking and savings account used to be the only options within realistic reach of the average Joe. If youve been paying attention, you know that theres an amazing menu of options available at any bank or savings and loan company you walk into.

What does that mean? Its time to get busy and become students of money. If were going to have a lot of it, we need to understand how to invest and manage it. I can already hear it So what if you dont have much to manage and invest at the moment! Prepare for the future

Here are 3 easy steps to get started

1. Think like a millionaire

I know thats tough to do, when youre struggling just to pay for your overhead, but attitude is half of the battle. If you think like successful business owner, youll soon find out that money really is attracted to the rich.

2. Become Financially Literate

There are a million-and-one self help books on the market for people looking for information on money investments. Learn from the best. Find a few reputable authors and read, read, read. Subscribe to money magazines and The Wall Street Journal. Read what the rich read.

3. Make Informed Decisions

Once you know the ins and outs of the money world and have studied the successes and failures of others, its time to put your knowledge to work. When the opportunity knocks, youll be ready to open the door and greet it with a confident smile.

Your new knowledge and attitude will make you a marketer to be reckoned with. No more slouching around and pointing fingers at the rich marketer down the block. Youll be one of them. Youll have the tools to use every opportunity to create more success.

It’s All About the Money, Money, Money, and Yes Money!

Outsourcing Milestones and Escrows

Outsourcing Milestones and Escrows

Outsourcing Milestones and Escrows

If you want to get the best people working for you, you simply cannot ignore milestones and escrows. Milestones are especially important when you are working on huge projects and want people to give you their deliverables in smaller installments so that you could manage work at your end as well. And we have already seen how escrows are important.

Outsourcing Milestones and Escrows

Some websites, like eLance in particular, help you to state the form in which you want your deliverables. You could actually set up milestones for the whole project. Among other benefits, this ensures that your employee can manage the deadline in a much better manner. You can also keep tabs on things better.

It is ideal anyway to post only short-term projects at the start, until you have a rapport set up with the worker. Even though everything might seem all right to you in the bid, there are chances that something might go wrong when the actual project is underway. If you have a long project running, it could be cumbersome to bail out of these difficult situations. However, a short-term project can help.

On GetAFreelancer, the shortest project you can post should be worth $30. However, on most other sites, there is no minimum limit for the project you post.

The best way to make the payment is through an escrow system. Most jobsites work with escrows (which is actually the main reason why you should use these freelance jobsites because an escrow protects both parties). When you select a bidder, you deposit some money into an escrow account. This money is held by the website but not released to the bidder yet. When they accomplish the task, you can direct the website to release the funds to them.

Escrow helps you because in case there is any problem with the project later on and you dont feel like you should pay, you could ask the website to arbitrate. No freelance website will arbitrate if an escrow wasnt made. Also, the worker knows that you have money for the project and it motivates them to do a better job.

Outsourcing Milestones and Escrows

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