Monthly Archives: November 2016

5 Signs Your New Hire is a Bad Fit for Your Business

Hiring someone who is a bad fit for your business can be costly. A study from the MIT Sloan School of Management found that hiring and training an employee costs 1.25 to 1.4 times their annual salary. That’s a hefty price for an employee who might burn out after three months. Traditional HR wisdom says that the first 90 days usually let you know who is going to work out. Here’s how to know you might have hired a lemon. 5 Signs Your New Hire is a Bad Fit for Your Business They want to do everything alone: Turning down collaboration and taking on more assignments than is realistic is usually a sign of future burnout. While diving in is great, you want to see employees who are building lasting relationships with the team and keeping a sustainable pace. An employee who does too much alone is unlikely to last….
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Are You Ready to Own a Home? How to Know it’s Time

If you are getting tired of renting, you might be wondering if you are ready to own a home. The decision to purchase a house is the largest financial choice most Americans make in their lifetime. It’s important you know you can handle it before you take the plunge. Here’s a look at the major signs that you are ready start house hunting. 4 Signs You’re Ready to Own a Home You have established credit: If you have bad credit, it’s a usually a sign you aren’t ready to buy a house. If you are already struggling to pay current bills, adding a mortgage might be too much. Good credit will not only help you get a loan; it’s also a sign you’ve learned valuable money management skills. Job security isn’t an issue: Having a job that can pay the mortgage is obviously important, but you should also consider how…
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7 Costly Small Business Mistakes

Every business leader will have their own style, but there are a few small business mistakes that every entrepreneur should avoid. Most mistakes you’ll have to discover through trial and error, but here are a few that other leaders have faced so you won’t have to. 7 Costly Small Business Mistakes Dumping money on ads: Don’t go too overboard with ads or other marketing too early on. You want to make sure every dollar you spend is converting into customers. It’s fine to run some ads, but only buy promotions that you know will make a serious contribution. You can’t afford any fluff in your budget. Avoiding sales: Sometimes sales can be intimidating. You might be tempted to hang back and keep focusing on the product, but no business succeeds unless sales happen. You have to spend plenty of time with customers if you are hoping to make money and…
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4 Things You Should NEVER Say to a Real Estate Agent While House Hunting

As you go through the process of buying a home, you might find that the real estate agent is very helpful. While agents are an important part of the process, keep in mind that their goals are not the same as yours. You are looking to find real estate at a reasonable price. For the most part, they are looking to make a nice commission. Here are a few pieces of information you should never say to real estate agent. 4 Things You Should NEVER Say to a Real Estate Agent While House Hunting Saying you’re not interested when you really are: This might sound like a good mind game for negotiations, but truly if you tell an agent you aren’t interested they are going to believe you. If you are interested, say so. You should still fight for a good price, but saying you aren’t interested could cost you…
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5 Reasons You Might Want a Reverse Mortgage During Retirement

Despite the old wisdom, some financial experts think there are good reasons why you might want a reverse mortgage during retirement. This loan is no longer just a last resort. It can also be a smart financial move that helps you enjoy your golden years in style. Here’s a look at a few good reasons to make the deal. 5 Reasons You Might Want a Reverse Mortgage During Retirement Escape the impacts of a tough market: The market tends to go up and down in ways that don’t indicate the real value of your portfolio. If you sell your retirement investments during a down period that could be very bad for your retirement. Pulling money out of your house through a reverse mortgage can give you income to live off until the market recovers. This way you don’t have to delay retirement just to protect your portfolio. Delay collecting social…
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