How to attract more money into your life

How to attract more money into your life? What will you do to become a financial magnet and enjoy a life with money always around you? These questions are always raised in the minds of human beings. Of course, it is because everyone needs money. Even the most religious and most spiritual people need money to make their lives spinning. Even the new born child who cares nothing about money needs money – courtesy of his parents. So how would you keep cash and money coming into your life? To answer this question, we need to apply some theory of relativity.

Money, just like other things on Earth exists with a purpose. And what is the purpose of money? Money serves three main purposes: Read more

Free Business Consultation: Free Tips and Advice on Entrepreneurship

During the earliest era of our planet, when monarchs and millionaires do not exist yet, people are considered equal in terms of acquiring their necessities. There are no poor and there are no rich people. Everyone enjoys the abundant resources of the Earth. But when money was invented, humans were divided into two categories – the poor and the rich. The rich people indulge the treasures of the Earth, while the poor people suffer starvation and scarcity of their basic needs. This reality hurts! People should have been equally enjoying the resources of this planet. People should be equal again. With all of us eating the same foods, drinking the same liquids, wearing the same kind of dresses and living in the same kind of houses. However, we cannot just ask the millionaires and the billionaires to distribute their riches to other people to financially and economically equalize all the people in this world.

My idea is to make all the people millionaires. We shall not pull the rich people down to make them poor and make us all equally poor. We shall lift ourselves high to make us rich and make all the people equally rich. Read more

Seven Tips on How to Improve Your Cash Flow

Cash is the most liquid among the resources your business could have. It is the most conveyable and most efficient consideration for every transaction you will get into in carrying out your business. But because of the slumping global economic condition, you had an unfavorable cash flow. A better panorama of cash flow is an indication of a high liquidity status of a certain person or business. It also attracts creditors and investors. Now, if you are a bit frustrated and disappointed on the flow of you cash, the following are seven simple and direct tips you can do to improve how your cash runs.

1. Collect receivables. Strengthen your collection effort on your accounts receivables. Give discounts and other rewards to encourage early payments from your customers. Sending demand letters is also one way to knock your debtors to act on paying their debts on you. Read more

How to Compute Profit for a Service Provider Company

A service company is one that sells services to its clients. Different from manufacturing and trading companies, it provides services or works of labor rather than tangible products to its customers. Accounting firms, law firms, schools, janitorial and hotel companies are some of examples of service provider companies. As the operation of this kind differs from the others, the computation and preparation of its statement of operation also differs. Since a service company sells services, we need to compute its cost of services, as computing cost of goods sold in a manufacturing and trading firms which sells goods to its costumers. But in all kind of firms, we compute direct and indirect costs to determine gross and net profit.

The revenues of a service company consist of all its receipts and receivables from rendering services during the period less all refunds associated from them. Unearned revenues collected during the period are not included because they are not related to the services rendered during the period. This concept is called accrual basis. Read more

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