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  • The Real Reason Why Small Businesses Can’t Get Approved for a Loan

    The Real Reason Why Small Businesses Can’t Get Approved for a Loan

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    Oh no, not again. Yes, that’s right, I’m not going to go there… at least not for today. There’s no shortage of excuses and reasons why small businesses can’t get approved for business loans. It never fails to amaze me the coverage this topic gets especially when the national economy goes into recession or when major political races are at stake. Yes, I agree that small business growth and success is the economic back bone of the US and also, that more than 60% of the US workforce are employed by small businesses. But where I get off the group think is when it comes to the lack of financing for a small business with a business loan. In this article, let’s explore the REAL REASON that small business don’t qualify for loans and the truth may even surprise you.

    It’s Deeper Than Statistics

    I love numbers and even better, I love reading financial statements and the notes. The love for numbers did not become a passion for me in the world of small business lending until I came to understand that the financial statements tell the story of a business. Similar to the story behind the financial statements, there’s a story behind the statistics stating that small business owners can’t get approved for loans especially if they’re of a certain ethnic group, gender, and / or industry. I’m not completely washing away the reality that there’s a shred of discrimination in our world… hey, we live in a broken society with broken people. However, a large part of this thinking (small business owners can’t get a loan because of skin color, gender, etc) is just simply untrue. I’ve been on both sides of the fence so to speak in the world of small business lending. I’ve worked for a big bank, and I’ve worked for a not for profit community development financial institution and it’s always the same. The number one reason why small business can’t (and don’t) get approved for loans is due to the considerably large operating risk that exists in these businesses.

    Operating Risk: It All Starts with You

    What does operating risk mean? Well, here’s a question to bring some clarity. What speaks more to sustainability: a business that’s been operating for at least one year or a business that’s still in the owner(s) mind? I’d go with the first option. Operating risk means that you have and continue to execute on your business plan(s) and that the business is cash flow positive (i.e. returning a sustainable profit margin to cover costs and make you money). Here’s the sad truth: not many small businesses get to this point. Most if any, within two years are still trying to figure things out. OK, granted, there are levels to this particularly when you observe the diversity of businesses. However, I’m speaking to the ones that endeavor to obtain a business loan.

    In closing, I offer a couple of ways to minimize your operating risk and increase your chances of getting approved for a loan. (1) Grow tough skin and learn to survive. The game of business is one of survival. Most days, things will not go your way and you just have to stay the course, be adaptable, and stay true to the business mission. (2) Never forget the 3 P’s – Production, Processes, and Personnel. Become efficient in the production of what you offer for sale, create and put in place processes to enhance production efficiency and ultimately the customer experience, and finally, hire, train, and invest in people who share your vision for the business.

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    Source by Pierre Pinkerton

    Views: 1

  • Problems Encountered by Nigerian Entrepreneur and Possible Solutions

    Problems Encountered by Nigerian Entrepreneur and Possible Solutions

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    The success enjoyed by most industrialized countries can be attributed to the role played by technological innovation and entrepreneurship, both of which continue to drive their economies today. These two factors are seen as key components for the industrialization and development of African countries. The Nigerian government has recognized this fact and has taken measures aimed at promoting and cultivating the entrepreneurial culture in our country. Through the Nigerian Investing Commission (NIC), our government has in the past introduced a policy that required university students regardless of their area of study to take courses in entrepreneurship. While our government is putting extra effort in promoting entrepreneurship in Nigeria, there are still a number of problems that a Nigerian Entrepreneur faces. Below are some of the problems encountered and possible solutions.

    * Diversifying the Economy

    Though our country’s economy has over the last couple of decades relied heavily on its oil production, we must find ways to diversify our economy and avoid the over reliance on oil. Like other developing countries, Nigeria is facing an increase in its unemployment rate that is now at 6 % and is on the increase, with many graduates finding it hard to get jobs while most of those who get jobs are underemployed. This coupled with the global financial crisis in which massive numbers of employees are being laid off; entrepreneurship is seen as an essential key if we want our country to achieve its ambition of being an industrialized nation by the year 2020.

    * Unfriendly Business Climate

    Being an entrepreneur in Nigeria requires great determination as practicing and potential business owners are faced with countless challenges. Nigerian’s business climate should be made welcoming to those in the Micro, Small and Medium Enterprises (MSMEs). The role played by these MSMEs should not be underestimated since majority of the thriving businesses fall in this category and for us to achieve our goals, adequate attention and support must be directed towards these institutions. To be able to help and protect entrepreneurs, we must first have a clear idea of the challenges facing our entrepreneurs in their pursuit of making Nigeria a prosperous country.

    * Lack of Credit Facilities

    Potential Nigeria entrepreneurs go through many hardships when trying to access credit for their businesses. Though there is a wide range of financial institutions that offer business loans, they usually charge high interest rates deterring aspiring entrepreneurs. For instance, major banks have pegged their lending rates to as much a 28% deterring potential entrepreneurs who are mostly low income earners. Other obstacles faced by our entrepreneurs include severe collateral conditions set by banks and other lending institutions. Though our government through the Central Bank and the Banker’s Committee came up with guidelines requiring banks to set aside 10% of their profits for funding MSMEs, majority of these banks have been reluctant to do so. This has led to the emergence of micro-finance institutions which though helpful are not sufficient for meeting the financial requirements.

    * Multiple Taxation

    One other sensitive challenge that is encountered by majority of Nigerian entrepreneurs is multiple taxation. Although we have a responsibility of funding the government through paying taxes, most of the taxes charged on entrepreneurs are not lawful and have the effect of increasing the cost of doing business. Although Nigeria’s Companies Income Tax Act (CITA) has approved only 39 taxes and levies, there are over 500 various levies and taxes that are imposed by state and local government agents. These taxes are questionable and in the case where they are genuine, they are mostly duplicated and this has the effect of increasing the cost of doing business.

    * Poor State of the Country’s Infrastructure

    The state of our infrastructure can be deemed to be a nightmare to both entrepreneurs and the rest of the country’s population. With the existing infrastructure deteriorating and in some places it is non-existent; the cost of doing business has tremendously gone up. The state of the country’s road network makes it hard for entrepreneurs in the agricultural sector to transport harvested produce from farms to processing factories. According to a report released by the World Bank, Nigeria’s pace of socioeconomic development and growth is way below what we can achieve. This is mostly because of the erratic supply of electricity which has negatively affected many businesses. The outcome of power problems has prompted entrepreneurs to generate power through expensive ways that have in turn increased their production costs and made their products uncompetitive due to high prices. Our government should put policies in place to perk up Nigeria’s infrastructure so as to promote successful entrepreneurship.

    * Failure to Adapt to the Changing Business Environment

    Majority of those who venture into MSMEs (Micro, Small and Medium Enterprises) do so because of their need to make money and in almost all cases, such entrepreneurs lack relevant and adequate information about the businesses they engage in. In the event where problems arise, most of these business owners lack sufficient problem solving skills and in the end they find it hard to survive. With the telecommunications sector having grown by about 206.5 % between 2002 and 2004 and is continually expanding, Nigeria has become one of the fastest growing ICT market not only in Africa but also worldwide. This presents a challenge to entrepreneurs who have not embraced technology, and who are now finding it hard to remain relevant in the competitive business environment. For existing and potential MSMEs to survive and be relevant, we must adapt to the changing business environment and embrace technology.

    * Addressing the Challenges

    Solving the problems encountered requires a combined effort by both the entrepreneur and all concerned stakeholders. As Small and medium business owners, we need to increase our knowledge and skills of the market by acquiring relevant and up to date education particularly in your area of business. Our entrepreneurs need to collect information about their target market by seeking help from consultants and professionals who have experience in the particular market.

    One strategy that can be used by our small and medium entrepreneurs to remain relevant and competitive in today’s market is to come up with fresh and creative ideas of doing business. Due to the increase in technology, business is fast changing, thus our MSMEs need to constantly re-invent the way they do business.

    There is a great need of creating a strong link between MSMEs and supporting institutions if Nigeria is to fully benefit from such businesses. Though some financial institutions are still reluctant to provide financial assistance to MSMEs, there are some that give out loans at reasonable rates provided the business sounds viable. The key challenge is for our entrepreneurs to prepare sound business proposals. For our country to achieve its goals and stop relying on oil alone, we need to focus much attention needs on the private sector and our government must create a conducive atmosphere for such businesses to thrive and drive the country towards economic prosperity.

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    Source by Peter O Osalor

    Views: 0

  • The Marital Adjustment Deduction

    The Marital Adjustment Deduction

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    Marriage is a blessing, but it always comes with challenges. Money can be a touchy subject if you don’t see eye to eye about saving and spending, and if you’re in debt, things can get pretty stressful. If your debt has grown to the point where you’ve decided to file bankruptcy, you’ll need to work together as a team to make a new start. While most couples decide to file together, if the partners have significantly different incomes or debts, it may be best for just one person to file a Chapter 7. How you decide to file will determine which of your income and property will be included in the Means Test. In order to give you the best financial outcome and protect your assets, we’ll use the marital adjustment deduction.

    The Basics

    Filing bankruptcy isn’t just about discharging your debts; it’s also important to do everything possible to protect the property and assets you’ve worked so hard to acquire. When only one spouse files bankruptcy, we can deduct some of the non-filing spouse’s income that is used to cover his or her individual expenses. We can deduct their cell phone, club memberships, business expenses, and entertainment. Additionally, any debts that are in their name alone will not be included in your case. This could be student loans, credit cards, car loans, insurance, or a mortgage that is solely in their name. Child support for their own children who do not live with you, as well as alimony they pay, will not be included in your case.You can also split up expenses that you share, such as utilities or a joint mortgage, and deduct their portion. The goal of all of this is to lower the total income that we use for the Means Test, which could mean the difference between a Chapter 7 or Chapter 13.

    Squared Away Paperwork

    As you utilize the standard and marital adjustment deductions, you will provide documentation to the court so that they can easily review your case. Documents should be organized and clear, showing who is responsible for which debts and expenses, giving the court no reason to disallow any of our desired exemptions. There will be no cause for concerns that your case will be dismissed or the trustee would even suspect Bankruptcy Fraud.

    Finding an attorney who can help file all the paper work and know your case will take some of the stress out of filing and hopefully bring some joy back to your marriage.

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    Source by W. George Senft

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  • Small Business Owners: Accounting Is for Profit Planning, Not Just Tax Preparation

    Small Business Owners: Accounting Is for Profit Planning, Not Just Tax Preparation

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    One might be led to believe that profit is the main objective in a business but in reality it is the cash flowing in and out of a business which keeps the doors open. The concept of profit is somewhat narrow and only looks at expenses and income at a certain point in time. Cash flow, on the other hand, is more dynamic in the sense that it is concerned with the movement of money in and out of a business. It is concerned with the time at which the movement of the money takes place. Profits do not necessarily coincide with their associated cash inflows and outflows. The net result is that cash receipts often lag cash payments and while profits may be reported, the business may experience a short-term cash shortage. For this reason, it is essential to forecast cash flows as well as project likely profits. In these terms, it is important to know how to convert your accrual profit to your cash flow profit. You need to be able to maintain enough cash on hand to run the business, but not so much as to forfeit possible earnings from other uses.

    Why accounting is needed

    Help you to operate better as a business owner

    1. Make timely decisions

      • Know when to hire a team of employees
      • Know how to price your products
      • Know how to label your expense items
      • Helps you to determine whether to expand or not
      • Helps with operations projected costs
    2. Stop Fraud and Theft

      • Control the biggest problem is internal theft
      • Reconcile your books and inventory control of equipment
    3. Raising Capital (help you to explain financials to stakeholders)

      • Loans
      • Investors

    What are the Best Practices in Accounting for Small Businesses to address your common ‘pain points’?

    1. Hire or consult with CPA or accountant

      1. What is the best way and how often to contact
      2. What experience do you have in my industry?
      3. Identify what is my break-even point?
      4. Can the accountant assess the overall value of my business
      5. Can you help me grow my business with profit planning techniques
      6. How can you help me to prepare for tax season
      7. What are some special considerations for my particular industry?

    To succeed, your company must be profitable. All your business objectives boil down to this one simple fact. But turning a profit is easier said than done. In order to boost your bottom line, you need to know what’s going on financially at all times. You also need to be committed to tracking and understanding your KPIs.

    What are the common Profitability Metrics to Track in Business — key performance indicators (KPI)

    Whether you decide to hire an expert or do it yourself, there are some metrics that you should absolutely need to keep tabs on at all times:

    • Outstanding Accounts Payable: Outstanding accounts payable (A/P) shows the balance of cash you currently owe to your suppliers.
    • Average Cash Burn: Average cash burn is the rate at which your business’ cash balance is going down on average each month over a specified time period. A negative burn is a good sign because it indicates your business is generating cash and growing its cash reserves.
    • Cash Runaway: If your business is operating at a loss, cash runway helps you estimate how many months you can continue before your business exhausts its cash reserves. Similar to your cash burn, a negative runway is a good sign that your business is growing its cash reserves.
    • Gross Margin: Gross margin is a percentage that demonstrates the total revenue of your business after subtracting the costs associated with creating and selling your business’ products. It is a helpful metric to identify how your revenue compares to your costs, allowing you to make changes accordingly.
    • Customer Acquisition Cost: By knowing how much you spend on average to acquire a new customer, you can tell exactly how many customers you need to generate a profit.
    • Customer Lifetime Value: You need to know your LTV so that you can predict your future revenues and estimate the total number of customers you need to grow your profits.
    • Break-Even Point:How much do I need to generate in sales for my company to make a profit?Knowing this number will show you what you need to do to turn a profit (e.g., acquire more customers, increase prices, or lower operating expenses).
    • Net Profit: This is the single most important number you need to know for your business to be a financial success. If you aren’t making a profit, your company isn’t going to survive for long.
    • Total revenues comparison with last year/last month. By tracking and comparing your total revenues over time, you’ll be able to make sound business decisions and set better financial goals.
    • Average revenue per employee. It’s important to know this number so that you can set realistic productivity goals and recognize ways to streamline your business operations.

    The following checklist lays out a recommended timeline to take care of the accounting functions that will keep you attuned to the operations of your business and streamline your tax preparation. The accuracy and timeliness of the numbers entered will affect the key performance indicators that drive business decisions that need to be made, on a daily, monthly and annual basis towards profits.

    Daily Accounting Tasks

    1. Review your daily Cash flow position so you don’t ‘grow broke’.

    Since cash is the fuel for your business, you never want to be running near empty. Start your day by checking how much cash you have on hand.

    Weekly Accounting Tasks

    2. Record Transactions

    Record each transaction (billing customers, receiving cash from customers, paying vendors, etc.) in the proper account daily or weekly, depending on volume. Although recording transactions manually or in Excel sheets is acceptable, it is probably easier to use accounting software like QuickBooks. The benefits and control far outweigh the cost.

    3. Document and File Receipts

    Keep copies of all invoices sent, all cash receipts (cash, check and credit card deposits) and all cash payments (cash, check, credit card statements, etc.).

    Start a vendors file, sorted alphabetically, (Sears under “S”, CVS under “C,”etc.) for easy access. Create a payroll file sorted by payroll date and a bank statement file sorted by month. A common habit is to toss all paper receipts into a box and try to decipher them at tax time, but unless you have a small volume of transactions, it’s better to have separate files for assorted receipts kept organized as they come in. Many accounting software systems let you scan paper receipts and avoid physical files altogether

    4. Review Unpaid Bills from Vendors

    Every business should have an “unpaid vendors” folder. Keep a record of each of your vendors that includes billing dates, amounts due and payment due date. If vendors offer discounts for early payment, you may want to take advantage of that if you have the cash available.

    5. Pay Vendors, Sign Checks

    Track your accounts payable and have funds earmarked to pay your suppliers on time to avoid any late fees and maintain favorable relationships with them. If you are able to extend payment dates to net 60 or net 90, the better. Whether you make payments online or drop a check in the mail, keep copies of invoices sent and received using accounting software.

    6. Prepare and Send Invoices

    Be sure to include payment terms. Most invoices are due within 30 days, noted as “Net 30” at the bottom of your invoice. Without a due date, you will have more trouble forecasting revenue for the month. To make sure you get paid on time, always use an invoice form that contains the right details such as payment terms, itemized charges, and your payment address.

    7. Review Projected Cash Flow

    Managing your cash flow is critical, especially in the first year of your business. Forecasting how much cash you will need in the coming weeks/months will help you reserve enough money to pay bills, including your employees and suppliers. Plus, you can make more informed business decisions about how to spend it.

    All you need is a simple statement showing your current cash position, expected cash receipts during the next week/month and expected cash payments during the next week/month.

    8. Executive Dashboard (weekly review)

    This dashboard gives you a ‘snapshot’ of your operations on a weekly basis.

    It consist of Cash on Hand, Cash burn rate, Account Receivables, Accounts Payable, Items sold, Inventory on Hand, inventory turns, outstanding issues in the business, and gross profit margin, new sales wins, customer losses, customer service performance, on time delivery rate and product quality performance.

    Monthly Accounting Tasks

    9. Balance Your Business Checkbook

    Just as you reconcile your personal checking account, you need to know that your cash business transaction entries are accurate each month and that you are working with the correct cash position. Reconciling your cash makes it easier to discover and correct any errors or omissions-by you or by the bank-in time to correct them.

    10. Review Past-Due (“Aged”) Receivables

    Be sure to include an “aging” column to separate “open invoices” with the number of days a bill is past due. This gives you a quick view of outstanding customer payments. The beginning of the month is a good time to send out overdue reminder statements to customers, clients and anyone else who owes you money.

    At the end of your fiscal year, you will be looking at this account again to determine what receivables you will need to send to collections or write off for a deduction

    11. Analyze Inventory Status

    If you have inventory, set aside time to reorder products that sell quickly and identify others that are moving slowly and may have to be marked down or, ultimately, written off. By checking regularly (and comparing to prior months’ numbers), it’s easier to make adjustments so you are neither short nor overloaded.

    12. Process or Review Payroll and Approve Tax Payments

    While you have an established schedule to pay your employees (usually semi-monthly), you need to meet payroll tax requirements based on federal, state and local laws at different times, so be sure to withhold, report and deposit the applicable income tax, social security, Medicare and disability taxes to the appropriate agencies on the required dates.

    Review the payroll summary before payments are disbursed to avoid having to make corrections during the next payroll period. A payroll service provider can do all this to save you time and ensure accuracy at a reasonable cost.

    13. Review Actual Profit and Loss vs. Budget and vs. Prior Years

    Each month, take the time to review your budgeted expenses and compare them to what you have actually spent. Are you spending above or below budget? Discuss the variances and take action as needed

    Your profit and loss statement (also known as an income statement), both for the current month and year to date, tells you how much you earned and how much you spent. Measure it against your budget every month (or quarter). Comparing your actual numbers to your planned numbers highlights where you may be spending too much or not enough, so that you can make changes.

    If you have not prepared a budget, compare your current year-to-date P&L with the same prior-period year-to-date P&L to identify variances and make adjustments.

    14. Review Month-End Balance Sheet vs. Prior Period

    By comparing your balance sheet at one date-June 30, 2015, for example-to a balance sheet from an earlier date (December 31, 2014), you get a picture of how you are managing assets and liabilities. The key is to look for what is significantly up and/or down and understand why. For example, if your accounts receivable are up, is it due to increased recent sales or because of slower payments from customers?

    Quarterly Accounting Tasks

    15. Prepare/Review Revised Annual P&L Estimate

    It’s time to evaluate how much money you are actually making, whether your net assets are going up or down, the difference between revenues and expenses, what caused those changes, how you are spending profits, as well as identifying trouble spots, and making adjustments to improve sales and margins.

    16. Review Quarterly Payroll Reports and Make Payments

    You have been reviewing your semi-monthly payroll reports. However, the IRS and most states require quarterly payroll reports and any remaining quarterly payments. Again, it’s best if your payroll service provider completes these reports and files them. Your job is to review to make sure they appear reasonable.

    17. Review Sales Tax and Make Quarterly Payments

    If your company operates in a state that requires sales tax, make sure you comply to avoid serious penalties. The U.S. Small Business Administration (SBA) can help you determine your state tax obligations.

    18. Compute Estimated Income Tax and Make Payment

    The IRS and states that have income taxes require you to pay estimated income taxes. Review your year-to-date P&L to see if you owe any estimated taxes for that quarter. Your tax accountant can assist if necessary.

    Annual Accounting Tasks

    19. Review Past-Due Receivables

    Now it’s time to check significant past due receivables and decide whether you think customers will eventually pay, whether to send past due bills to a collection agency or whether to write them off for a deduction.

    20. Review Your Inventory

    Review your current inventory to determine the value of items not sold. Any write-down of inventory translates to a deduction on your year-end taxes. If you do not write down unsellable inventory, you are overstating your inventory balance and paying additional taxes that you don’t owe.

    21. Fill out IRS Forms W-2 and 1099-MISC

    The IRS has a January 31 deadline that requires you to report the annual earnings of your full-time employees (W-2s) and most independent contractors (1099s). This deadline includes mailing copies of the tax forms to the people who worked for you. Note: A 1099 form is not required for any contractors who earned less than $600. Consider saving time and avoiding errors with an e-filing service.

    22. Review full-year financial reports for tax reporting

    • Get organized

      • Collect and store important documents (use apps and calendars for help)

        • Create email folders to store bank statement and receipts
        • Store contracts and agreements
        • Track miles and vehicle expenses
        • Store all required documents for your business type.


      • Tax Preparation

        • Tax preparation is a historical view and not a profit planning event
        • Capture all relevant events
        • Identify all deduction categories
        • Capture all meals

          • Meetings —-whatever was discussed/calendar

            • Try not to go over industry average industry cost for meals.

    At tax time, carefully review your company’s full-year financial reports before giving them to your accountant. Before you sign your return, be sure to review it for accuracy based on your full-year financial reports. Remember if IRS audits due to underpayment, they will deal with you not your accountant for any additional taxes, penalty and interest.

    If you don’t have the bandwidth to do all this yourself, a great strategy is to partner with a monthly accounting service. Outsourcing your accounting to an expert will simplify your life and give you more time to focus on running your business operations.

    A monthly accountant will provide you with a profit and loss sheet, balance statement, and accurate account reconciliation every month, ensuring that you have the financial information you need to make the best choices for your company.

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    Source by Vinson Primas

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  • TAKE CHARGE OF YOUR FINANCES: TIPS ON BUDGETING

    TAKE CHARGE OF YOUR FINANCES: TIPS ON BUDGETING  

    With prices of commodities increasing day by day it is proper to make your very own strategic plan on maximizing your financial resources and making sure that every penny earned is well spent.

    Make your move on coordinating your finances and list of expenditures that may affect the way you use your income and empower you on your economic stability as a working individual.

    Your source of income, lifestyle, spending habits, current job and house location, cost of living, payables and loans determines your level of budgeting needs. Starting to take charge of your finances is one sure way of becoming successful in a field of self-fulfillment and success.

    The following tips and recommendations will provide you details on how you can help yourself manage your finances and assume a new outlook to become responsible in your spending.

    ط    Treat Math As Your Lifetime Partner – Do the entire math in your purchasing needs. Try to compare prices across your current location for the price of a range of grocery and household items you need in a day-to-day basis.

    Save as much as you can in an item you are trying to buy. Chinese businessmen exercise effective buying techniques. They save as much as they can and usually purchase in bulk to increase their revenue index on the item they plan on selling as well.

    ط    Gambling – Gambling tops the chart in making your life as chaotic as it could get. Gambling strips you off your finances and keeps you vulnerable from the threats of bankruptcy.

    ط    Know Your Wants and Needs – Limit your spending on something which you are not in dire need of. According to a recent study, luxuries are second to gambling in terms of the degree of money-stripping capability.

    ط    “Do Not Spend More Than you Earn” – Rags-To-Riches stories do not fail to mention this famous cliché. There is always truth to this phrase for you cannot live in a world where you consume more than what you can produce.

    ط    Keeping A List – Making your own budget list is vital to your success to becoming prudent. A wise buyer needs to consider the amount of a certain commodity and how will it impact his life as an individual.

    An unconscientious consumer would not care about what is being purchased as long as he or she has money to buy for them. Unless you are someone who has a considerable amount of wealth and income resources, you can not afford to disregard this recommendation and go ahead with your practice.

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  • How to Find the Perfect Beauty School to Attend

    Are you interested in perusing a career that is focused on fashion and beauty?  If you are, you have number of different career opportunities and jobs to choose from. For instance, you can run your own fashion consultation business, run your own beauty salon, or even a beauty supply store.  Although having your own business is nice, you can also work as a beauty supply store worker or be an employee at a beauty salon.

    As you can see, you have a number of different jobs and career opportunities to choose from. The only thing that you need to remember is that it is sometimes difficult to get a job or run a successful business that is focused on beauty and fashion. Although it is more than possible to do so, you need to examine the competition.  As beauty and fashion increase in popularity, more individuals want to work in that field.  What you want to do is set yourself apart from everyone else.  To do this, you may want to think about receiving the proper amount of education and training.

    When it comes to receiving beauty education and training, you will find that you have a number of different options.  For instance, there are two and four year colleges and universities that you can attend. These colleges and universities give you a college degree, one that is often for How to Find the Perfect Beauty School to Attendcosmetology. In addition to attending an accredited college or university, you can also attend a traditional beauty school. Beauty schools are often run by experts in the field and they are often more affordable to attend. While you may not necessarily receive a college degree for attending a beauty school, you should be able to walk away with a certificate of completion.

    If you do decide that you would like to attend a college, university, or beauty school, to get the proper amount of beauty training, there are a number of important factors that you may want to take into consideration.  One of those factors is the cost of doing so.  Beauty schools can be fairly expensive to attend, especially if those schools are considered accredited colleges and universities.  Yes, you may be able to financial aid, in the form of student loans, scholarships, and grants, but there are no guarantees.  Before going broke trying to attend beauty school, you may want to make sure that it is a career that you are serious about. Also, if you are willing to relocate, it may be easier for you to find a more affordable beauty school or college to attend.

    Reputation is also something that you should think about when looking to find a beauty school to attend.  In all honesty, most colleges and universities have outstanding records; therefore, you may be making a good choice with attending one, even really any one.  As for a beauty school that isn’t necessarily considered a college or university, you will want to be careful when making your choice.  Some beauty schools come highly rated and recommended, but there are others that some employers are actually encouraged to stay away from. To ensure that your beauty training and education is well worth it, will help you get a job or help you start a successful business, you will want to make sure that you choose a beauty school that has an outstanding reputation.

    The above mentioned factors are just a few of the many that you may want to take into consideration, when choosing a beauty school to attend.  If you are interested in researching beauty schools, colleges, and universities on your own, you may want to think about turning to the internet.  With a standard internet search, with a phrase like “beauty schools,” you should be able to find the online websites of numerous beauty schools, as well as colleges and universities that have cosmetology programs.  If you are still in high school, you may want to think about approaching your guidance counselor for assistance.

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  • Beauty Schools: Should You Attend One?

    Are you interested in having a career in the beauty or fashion industry? If you are interested in working as a beauty consultant, running your own beauty salon, running your own beauty supply store, or even being the employee of an existing salon or store, you may find it easier for you to land a job or start your own business if you have some beauty education.  For that reason, you may be wondering whether or not you should attend a beauty school.

    When it comes to determining whether or not you should attend a beauty school, there are a number of important questions that you may want to take the time to ask yourself.  These questions may help make it easier for you to decide whether or not beauty school is right for you.  A few of the questions that you should ask yourself are touched below.

    beauty school
    beauty fitness

    Before reading up on the questions that you should get answers to, to determine if beauty school is right for you, it is important that you know about beauty schools.  Beauty schools actually come in a number of different formats.  For instance, it is more than possible for you to attend a two year or a four year college or university to get a degree in fashion or beauty.  In addition to attending an accredited college or university, you may also be able to find schools that often referred to as beauty training schools.  These types of schools regularly offer a wide range of different training classes, like classes for hair care, nail care, and so forth.  With a beauty training school, you often receive a certificate of completion, which is similar to a degree.

    Now that you know you have a number of different options when it comes to attending a beauty school, you may want to refocus on the questions that may be able to help you determine your goals and if those goals include beauty school.  One important question that you want to ask yourself is what you want your career future to be like.  You may want to work as a beauty consultant now, but do you still want to be doing so in ten years?  If you are interested in having a long-term career in the fashion and beauty industry, it may be well worth it for you to attend a beauty school or even get a degree from an accredited college or university.

    Location is another question that you want to ask yourself, when trying to determine if beauty school is right for you.  If you are unwilling to relocate to another area of the United States, is there are college, university, or beauty school located near where you live?  If there is not, you may be unable to get the beauty education and training that you were hoping for.  Of course, you don’t want to give up though.  A number of high school and community colleges have courses that you can take.  Although you may not necessarily get a degree or a certificate of completion, you may walk away with some valuable training that may you help achieve your career dreams.

    Can you afford to attend beauty school is another question that you should ask yourself.  Beauty schools are not always cheap, but at the same time, they aren’t always expensive either.  If you are interested in walking away with a cosmetology degree from a two year or a four year college or university, you should expect to pay normal college tuition fees.  The good news about this is that you often have access to grants, financial loans, and scholarships.  If you are on a budget, you may want to think about attending a beauty school or at least taking a few beauty classes at a nearby establishment that offers them.

    The above mentioned factors are just a few of the many that you will want to take into consideration.  Going to beauty school and receiving a certificate of completion or a degree is something that will likely help you for years to come, especially if you are interested in a beauty focused career; however, the decision to attend beauty school is yours to make.

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  • Moneylenders, pawnbrokers agree to 3-month moratorium: Zuraida

    Moneylenders, pawnbrokers agree to 3-month moratorium: Zuraida

    Moneylenders, pawnbrokers agree to 3-month moratorium: Zuraida 1

    PUTRAJAYA: The Licensed Money Lenders Association or the Credit Community, as well as the pawnbrokers association have agreed to a three-month moratorium to ease the burden on borrowers, according to Housing and Local Government Minister Zuraida Kamaruddin.

    Licensed moneylenders registered with the ministry, meanwhile, had agreed not to impose late charges throughout the Movement Control Order (MCO), she said in a statement today.

    She said the matter was agreed after discussions with the respective associations following the announcement of additional measures under the Prihatin Rakyat economic stimulus package on April 6.

    In the announcement, Prime Minister Tan Sri Muhyiddin Yassin called on licensed moneylenders registered under the Moneylenders Act 1951 that provide credit facilities to impose a six-month moratorium on loans for SMEs beginning April 2020, similar to that provided by banks in the country.

    “The Credit Community is also advised not to charge interest rates in excess of what is stipulated under the Moneylenders Act 1951 (Act 400), namely 12% for secured loans and 18% for unsecured loans during the MCO period,“ he said.

    Zuraida announced the matter after the daily press conference by Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob, following the Special Ministerial Committee meeting on the MCO here.

    Zuraida said the government had also agreed that the premises of companies from the credit community or pawnbrokers be allowed to operate for two days a week.

    The operating hours would be limited from 9am to 2pm to allow SMEs to carry out their transactions.

    According to Zuraida, her ministry had received many inquiries from the public about the services of the credit community and pawnbrokers via its hotline during the MCO.

    Zuraida said the companies would have to comply all with the directives and regulations under the Prevention and Control of Infectious Diseases Act 1988 (Act 342), including maintaining a social distance of at least one metre, wearing a three-ply face mask, and providing hand sanitiser to customers.

    They should also regularly carry out the disinfection process at their premises, she said.

    Members of the public and SMEs involved can obtain further information on the ministry’s services via its hotline at 03-8891 3975. – Bernama

    Moneylenders, pawnbrokers agree to 3-month moratorium: Zuraida
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  • Felda defers deduction on settlers’ income until June

    Felda defers deduction on settlers’ income until June

    Felda defers deduction on settlers’ income until June 2

    KUALA LUMPUR: The Federal Land Development Authority (Felda) is deferring deduction of its settlers’ income for repayment of crop and socio-economic loans for the month of April to June to help them cope with the situation brought about by the Covid-19 crisis.

    Its general manager, Datuk Dr Othman Omar, said it would involve their harvest for the month of March to May, but would not involve deduction for Kedai D’Mart and the agency’s development and security department (JKKR).

    “All setters automatically get it. There is no need for them to apply to the Felda management. The deferred deduction will be rescheduled after the postponement period is over. This initiative will benefit more than 92,000 settlers,” he said in a statement today.

    Apart from that, Felda has taken proactive steps by setting up the community food centre to assist settlers having financial problems during these trying times.

    The centre was set up following an initiative by the Settlers Consultancy Committee (JKPP) and the Settlers and Community Development Department, he added.

    Any inquiry on the deferment of the deduction or other matters can be e-mailed to jkk@felda.net.my or Felda Facebook.

    Othman said Felda is also offering the use of its hostels and other facilities as quarantine centres to help the government, especially the Ministry of Health (MOH), with its preparation in anticipating the increase in Covid-19 patients next month.

    Besides the three hostels in Kuala Lumpur, Johor Bahru and Kuantan in Pahang, Felda also has three training centres (in Kuala Lumpur, Kerteh in Terengganu and Chini in Pahang) and four Felda Residence, at Tanjung Leman in Johor, Sugai Tekam in Pahang, Trolak in Perak and an Felda Sahabat in Sabah.

    All these facilities are suitable for use as quarantine centres and can accommodate more than 1,500 people, he said, adding that Felda Sahabat has been activated as a quarantine centre that accommodates 52 patients. – Bernama

    Felda defers deduction on settlers’ income until June
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    https://www.thesundaily.my/local/felda-defers-deduction-on-settlers-income-until-june-BA2200542

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