finance Archives - Page 3 of 6

Nov92021 by Paul LinusNo Comments

Temporary government loan modification for unemployed

Career

For homeowners, an unexpected job loss can be a unpleasant obstacle in the way of obtaining a home loan modification due to the fact that lenders require homeowners to possess an income sufficient enough to comfortably repay a modified mortgage loan. Through the Making Home Affordable program, the federal government offers temporary loan modification to unemployed individuals to help them avoid foreclosure while seeking new employment. Home Loan Modification for the Unemployed Unemployed homeowners can apply for a forbearance plan through Making Home Affordable. The goal of the forbearance plan is to give the homeowner manageable mortgage payments until he can find employment. Restructured mortgage payments can continue for a minimum of three months and maximum of six months. ...

Aug272021 by Paul LinusNo Comments

Investing in mutual funds is convenient way to diversify

Business

A mutual fund is a company that buys securities, which are stocks, bonds, money markets, etc. The company employs professional fund advisers that spend their days buying and selling the securities that will make them and their clients money. When an investor buys a share of a mutual fund, they are buying a share of that company. Mutual Funds Make Investing Convenient Every business show, investment section of a paper, investment articles online and in magazines explain that diversification is key to investing. Mutual funds make diversification automatic. Diversification is the dispersal of an investor's portfolio funds across different securities, industries, and growth objectives. Diversifying reduces the volatility of an investor's portfolio, and if one company tanks, the investor'...

Jun262021 by Paul LinusNo Comments

Businesses require different functionality in today’s world

Business

Environmental sustainability and maintaining an acceptable image in the minds of a public that is aware of what is happening in the business world, and adapting business organizational structures to the knowledge businesses created by modern technology are some of the other major issues. Knowledge Businesses When industrialization started, capital equipment was the major strategic asset of a business. The equipment enabled large volume production at costs much less than with manual labor, thus conferring a competitive advantage to businesses using them. The situation is different for today's businesses. Fast changing developments in modern technology result in new products that make traditional products obsolete. Additionally, businesses that know how to leverage the ever-chan...

Jun212021 by Paul LinusNo Comments

How to finding jobs in today’s economic crisis

Career

There is no doubt that many people today are experiencing some form of economic hardship amid the COVID-19 pandemic. Jobs are lost at an unprecedented rate and the unemployment rate continues to hover more. According to the Bureau of Labor Statistics the unemployment rate has surpassed a record set in 1982 of 9.7%. Depression and feeling isolated are normal, but may hinder progress in finding a job. Avoiding negative feelings and isolation are keys to finding work. While no one can predict the future, a positive outlook and engagement with people will increase any chance of success. Here are a few ways to find work. Find a Job with an Updated Resume Employers have minimal time to review resumes. A resume needs to highlight the job seekers accomplishments and strengths over time. ...

Jun102021 by Paul LinusNo Comments

Directions in business strategy to maximize business growth

Business

Business growth rarely happens by accident or by osmosis. A growing business is usually the consequence of a business strategy successfully deployed in order to achieve that specific outcome. The highest rates of business growth can be achieved by combining four separate strategic directions into a well designed, consolidated, and highly focused effort to: acquire more new customers/clients, sell more products/services to the existing customer/client base, improve profit margins by raising prices and/or reducing the costs of supplying the products/services, and increase the existing retention rates of current customers/clients. Acquiring More New Customers/Clients The most commonly used strategy to promote business growth is to adopt a business strategy directed ...

Nov262020 by Paul LinusNo Comments

What to expect working at a start-up

Business

In this struggling economy where one may be forced to accept a position with any size business, understanding the differences inherent in working at a start-up, small, or large company sets expectations and diminishes frustration. Size does matter. Start-up Companies Working for a start-up company is sexy and exciting, filled with endless possibilities. The path is new and uncluttered with corporate politics and muddied company history. For the newcomer, it’s a blank page waiting to be filled. Because it is unchartered territory, it’s also pretty scary. There are many questions to consider prior to signing on with a newly formed or young company. Before taking the great leap, it would be wise to consider a few of the following topics. Risk tolerance Risk tolerance is genera...