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Career

Do You Make These 3 Mistakes as a Sole Trader?

Last Updated on January 4, 2022 By Jason Obrien Leave a Comment

Starting your own business is always an exciting venture, and one of the first decisions you must make is how you will structure it.

Many people choose to build a limited company. If you decide to build a business in this way, you will split ownership into an equal number of shares between partners. There are many advantages to choosing the structure of a limited company. Sharing responsibilities eases the stress of managing all aspects of the business by yourself, and sharing costs eases financial costs. 

Yet there is another choice available, too: becoming a sole trader.

Should You Become a Sole Trader?

A sole trader is self-employed. Freelancers and consultants, for example, are sole traders.

If you choose this option, you will not have the safety net of a limited company when it comes to sharing responsibility and costs; but, on the other hand, you have complete creative and professional control of your business and keep all the profits. Additionally, it’s a quicker and easier way to becoming a self-employed individual.

2 Mistakes many sole traders don’t know they make

There are two common mistakes that sole traders mistake: not prioritizing sales and not taking productivity seriously.

1. Low Sales

Sales are an essential part of your business.

If you can get enough sales every month, your business will flourish. Conversely, if you can’t sell enough to cover your costs, then everything will fall apart.

Unfortunately, sales are time-consuming. You must generate leads, warm them up to your offer, and constantly nurture relationships with prospects and customers.

But the good news is you don’t have to do all this work yourself. A third party can help with sales automation. For instance, if your business is in the healthcare niche, an organization like Emerged, at emerged.com, can automate many of the tactics that an experienced salesperson would use if they had enough time, expertise, and resources.

2. Insufficient Productivity

In the beginning, many sole traders work from home since they don’t have any employees yet and can save money by not renting a commercial office space.

Unfortunately, working from the comfort of your own home makes it seem more like a hobby than a job.

Since no one is setting up your schedule for you, you can decide how many hours you want to spend in your home office, which is often just a spare bedroom or a corner of your bedroom or the kitchen table. And since no one is looking over your shoulder when you go to your office, you are free to do anything you like—work too little or too much, stay focused or allow yourself to get distracted, take long or short breaks.

Although you might appreciate the freedom of working from home in the beginning, it also endangers the success of your business. One danger is that you don’t do enough work to pay the bills. Another danger is the other extreme—you work too hard, exhaust yourself, and find it difficult to have enough energy to keep on top of all your projects.

The best way to avoid all these perils is to focus on productivity to increase your efficiency. Take being your own boss seriously. Create a reasonable and realistic schedule that you would expect an employee to follow, and be a gentle, firm, and fair boss when it comes to getting your work done each day.

Choose the Path Less Taken

Those who decide to start their own business struggle to manage a limited company because they lack business experience. But there’s also another option when you start your own business. You can become a sole trader. If you can manage this freedom responsibly, then this path, the path less taken, may prove the most rewarding.

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Business, Career, Management

What is the Minimum wage in Tennessee?

Last Updated on April 15, 2021 By Lisa C. Townes Leave a Comment

The minimum wage is the lowest amount of money paid by an employer to their employees. It is the legal requirement, and laborers get paid minimum wage or more than this. The minimum wage legislation was passed in the 20th century and is now a legal requirement in many countries.

In America, the national minimum wage was created in 1938 and is still effective. The current federal required minimum wage is $7.25 per hour of work. But in the United States, different states are allowed to set minimum wage according to their standards.

The states are divided as follows based on their minimum wage regulation:

  • The states with higher minimum wage than federal’s required minimum wage
  • States that have the same statutes of explicitly of the minimum wage as the federal government
  • States without any minimum wage standard or statute, these states automatically have the
    same minimum wage statute as federal
  • Those states that have a lower minimum wage than the federal government’s statute, but it is
    only applicable for specific jobs

Tennessee is one of those states that does not have any minimum wage statute and has the same minimum wage as the federal one. The minimum wage of Tennessee is $7.25/hr. It applies to all the employees except students, employees that get tipped, and employees working exempt occupations.

There is no particular law for minimum wage in Tennessee, but a promised wage law exists. It states that employers should pay the promised wages to the employees. This law ensures the employees get paid, and the payment is not under $7.25/hr.

Even though there are no plans to implement a state law for minimum wage in Tennessee, some talks are going around. Since January of 2020, the act called the Tennessee Minimum wage act is under discussion. If this act gets approved, the minimum wage of Tennessee will raise to $15/hr.

Although many people would wish that this act passes, there is a long way to happen. If the federal minimum wage goes higher than the minimum wage in states like Tennessee will also rise. As good as it will be for the employees, the business owner might need to make some changes.

A business that must pay Minimum wage

According to the Fair labor standards act, a business with two or more employees and have an annual sale of $500,000 should pay minimum wage. It can be any form of business or labor if the enterprise fulfills the condition the minimum wage statute applies.

The business under this law is individuals or enterprises that the Department of Labor defines as interstate commerce. The legal requirement of paying minimum wage applies to all the business. But some jobs are exempt from getting paid minimum wage.

Exemptions

Minimum wage is a legal requirement, but certain employees get exempted from getting it. Employees like executives, people in administrations, and professionals that work as outside salespersons are exemptions. It is because these employees can bargain their wages and have higher salary requirements.

Some exemptions are also present, in which case the employees get paid more than minimum wage.

These exemptions include students working part-time and employees that get tipped. Sometimes people with disabilities and tipped employees may get a lesser amount of money than minimum wages.

In case The Tennessee minimum wage act passes, there are some things you need to look out for as a business owner. Other than the exemptions mentioned above, you will need to reevaluate your staff and notice which employees get paid weekly or monthly.

Another thing you need to do is to hire the best employees that give maximum output worth the wage.

Small businesses try to recruit employees with good potential. It would help if you had a good team and perfect management to ensure that your business prospers in any case.

Many families live under the poverty line in Tennessee, as the average wage is just a little more than the minimum wage. The average wage is about $14.84 per adult, which is the living wage. If the labor wage or minimum wage increases, the poverty line people will get a huge benefit.

Tennessee’s minimum wage is the same as the federal government’s, but there will be a significant rise if the act passes. The change is not supposed to happen incrementally, but at once, that will help families struggling.

lisa
Lisa C. Townes

Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger

Filed Under: Career, Economy, Industries

How to Be a Successful Driver Recruiter?

Last Updated on March 20, 2021 By Denis Woods Leave a Comment

You might have experienced the insufficiency of drivers while struggling in the industry as a driver recruiter. Even though there is a reduction in the overall unemployment percentage, the market is still looking for some licensed drivers. With the increasing demand for qualified staff, we probably need hundreds of truck drivers, which leads to high competition of recruitment.

What Does It Take to Become a Successful Driver Recruiter?

A driver recruiter’s job is not as easy as shooting a fish in the barrel. You have to grapple day and night to achieve your tasks. Despite requiring enhanced skills, it also demands inspiration and great practice. Even if you possess these qualities, there is still a lot to discover on Avatar Fleet! To become a professional driver recruiter, we have a list of tips and tricks that will help you grow and sparkle. So, let’s get started!

Adopt These Tips & Become a Successful Driver Recruiter

Always Make a Quick Reply

Everyone needs a good job these days, so do drivers. As a driver recruiter, make sure to respond promptly when the employees submit their applications. This way, you’ll have the chance to pick the most suitable driver as per the necessities.

Stay Active & In Touch

Make a habit of always staying active and in touch with all volunteers who applied for driving jobs. Why is there a need to communicate with drivers? Being an accomplished recruiter, you should have all the relevant information of the drivers – from their identity to acquiring their license and the police record. The more you talk to the volunteers, the better it is for a successful hiring manager, gaining more experience.

Focus the Nominations

When you collect the job applications, focus the nominations with more driving experiences. It’s your responsibility, as a recruiter, to pick highly efficient drivers. No doubt, technology is playing a central role in selecting the right candidate for your driving companies, but if you are not focused, you’ll end up regretting it.

While you are running the process of interviewing enlistees, screening them, or stepping towards the final decision, always keep the company’s fundamentals in mind. Being a driver recruiter to gain success, it’s all on you to fancy the perfect driver for the associated company. It’s even more crucial when we all live in an era where everything resides just a click away!

Excel in Your Searching Ability

When you surpass your searching ability for a good driver, you’ll automatically reach perfection. Interviewing new candidates who come up with all of their details, appearing with an enhanced experience, and giving their insights is the key to selecting an appropriate driver. Another suggestion is, optimize a message containing all the information about the job applicants.

Make Use of Modern Recruiting Technology

Social media is revolving like a ball of fire these days. Almost everyone is using this platform to come forth – be it in any field. You can also make use of modern technology with different strategies to search for top-notch drivers. Most drivers seeking a job upload the ads on several websites and also posts on Facebook. You can relate your job requirements with the ones uploaded on social media and recruit the most suitable driver. The more the viewers engage themselves in the ads you put forward, the more chances of hiring worthy drivers. Also, prefer using different software to get unique and eye-attractive phrases. It will brief your content, for example, Google Keyword Planner & Google Analytics, etc.

Develop Convincing Relationship with the Candidates

Maintaining a good social interaction with new candidates to pick the best of them is another pro-tip to become a successful driver recruiter. Whenever you choose anyone from the list, try to espouse his needs and requirements and see if it falls under your recruiting budget or not. Most professional drivers looking for a reasonable job directs appreciation, which is mostly not provided by the recruiting companies. If you’ll offer them good service, they will eventually show their skills and work with sincerity. It’s all the give and takes system that goes on! Just filter what you really want in your drivers and make your recruiting ads accordingly.

Bottom Line

It has never been easy to gain something. One always has to make both ends meet to achieve whatever they want, and the same goes for becoming a successful driver recruiter. We enlisted some tips that can help you grow your recruitment business and hire professional drivers this way. It might seem like some common, obvious tricks, but these little things will lead your path towards success!

Denis Woods

Danis Woods in Businessman, investment banker and stock exchange traders. On the same time he loves writing financial blogs to shed lights on different aspects that new and existing businessman are not aware of.

Filed Under: Career, Management

What is the Minimum Wage in Indiana?

Last Updated on March 23, 2021 By Lisa C. Townes Leave a Comment

The United States either set up its own state minimum wage or go with the Federal minimum wage law. Indiana is one of the states that go with the Federal minimum wage. The Federal minimum wage has been adopted by Indiana which happens to be $7.25 per hour. These wages are planned at the state level considering the customer price index.

Indiana Minimum Wage Law

Employers follow the Indiana Minimum wage law while paying their employees. It is advised to pay the wage per house. In the case of overtime, the pay rate is 1.5 times the normal wage. Indiana Minimum Wage Law also commands employers to prepare a statement that has the record of the working hours, pay rate, overtime, and deductions.

Indiana Minimum Wage Poster

The Indiana Minimum wage poster is important for the Federal labor law as it has devised working hours for the laborers. The Fair Labour Standards Act calls for this wage poster so that the employees are aware of the overtime regulations and wages. As Indiana’s income comes from agricultural, farming, and mining industries, it is important for the employees to know the regulations devised for overtime and labor forces.

Indiana has been ranked 35th nationwide when economic growth was evaluated for the states. Circumstances are changing in Indiana if we consider economic grounds. The wage was increased by $0.6 in 2008. Since then there has been no rise in the wage.

The average minimum wage in Indiana is $7.25 per hour. Although there are some exceptions when we are considering the minimum wage per hour. These exceptions vary with the nature of the employees.

  • Tipped employees have a $2.13 minimum wage. $5.12 tip is granted to the tipped employees to make a total of 7.25 per hour.
  •  College or school students get 85% of Indiana’s minimum wage per hour if they are part of a work program.
  • If an employee is new he or she receives $4.25 an hour for the first 90 days. It is usually known as the training wage.

These wage policies make a balance in society.

Bill Passed by the Indiana General Assembly

Indiana General Assembly has passed a bill for raising the wage per hour. It is proposed that the wage may be increased to $10 per hour with effect from 30 June 2021. This raise has been planned statewide. It may rise to $13 by 2022 and to 15 by 2023. President Joe Biden is trying his best for this legislation to be approved. But the demand is still on hold. Although things are expected in the favor of Indiana as 20 states have expected a rise in their wages per hour.

Changing Dynamics in Indiana

 Since Bill has been passed for expecting a rise in the wages, the businessmen in Indiana may have to strategize considering the dynamics in the field of finance. This calls for certain objectives which must be adopted by the people of Indiana. These objectives may include

  • Better Hiring strategies must be made by the businessmen. As the wages per hour may change this year, intelligent businessmen should lay out the policies and strategies for the number of employees they have to hire this year.
  • Setting objectives and consultation can result in better business growth
  • It is advised to consult business liaisons or Local chambers of commerce to have an idea of the changing dynamics in Indiana. These consultations can help in knowing the changing wages policies in Indiana.
  • Employee turnover can be expensive as the income policy is going to change with time. It is therefore advised to set a standard strategy to avoid employee turnover.
  • The changing economic dynamics call for the updated technology.
  • It is also advised to automate payroll.
  • Employers must get an EIN (employer identification number) issued in Indiana.
  • Employers should consult their lawyers about the changes in the bill passed in the Indiana Assembly

Factors affecting the Changes in Wages in Indiana

Customer price index

It accounts for the price of an average weighted basket of market goods used for household purposes. As the prices vary in the market, the strategists have to advise the government to enhance the wages. Due to the pandemic, the Customer price index has increased.

Poverty threshold

Figures have shown that 11.9% of the population in Indiana has lived below the poverty lines. The poverty threshold is below the annual budget in Knox (a city in Indiana). Hence the government and the policymakers devise the wages keeping in mind the poverty threshold.

Labour Force survey

Data is gathered on Indiana’s official labor force and the wages are recommended accordingly. Employment rate and inflation also determine the minimum wage per hour in Indiana.

Gross regional Domestic product GDPR

It is the measure of the size of a region’s economy. It gives us an idea about the economy and needs of the people of Indiana. Policies are devised considering the GDPR of Indiana.

lisa
Lisa C. Townes

Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger

Filed Under: Career, Economy, Industries

Tips on Strengthening Your Management Team

Last Updated on March 15, 2021 By Denis Woods Leave a Comment

The management team of any financial organization is often the backbone that keeps businesses together. They’ll help to determine your sales, accounting, and marketing success. They’ll oversee every job interview, from administration to accounting, and will need a progressive, forward-thinking approach to creating a prosperous business. The management team is vital to nearly every component of your business. For this reason, we’ve created a list of tips on how to strengthen your management team.

Hire New Managers to Fill the In Missing Gaps

Consider meeting with your management team to assess what’s missing within the company. For example, perhaps you need someone to take on the role of Strategy Manager or Head of Financial Administration. Discuss these potential roles with all managers because you don’t want to step on anyone’s toes or hire managerial positions behind the team’s back. When you decide what jobs to fill, contact an executive search agency that will find the best person for the job.

An agency of financial recruiters can help your team become even stronger because of their exclusive access to top-talent pools. The right recruitment agency will help you find what you’re looking for to make your finance team the best that it can be because of their expertise, experience in the business, and professionalism. Hiring recruiters will also save you money, time, and energy. Instead of spending months finding a new employee, you can focus on other matters while the agency conducts the bulk of the hiring for you.

Create a Trusting Environment

Building trust among your managers has significant benefits in the workplace. A trusting relationship among team members and employees often results in:

  • Higher productivity
  • Decreased stress
  • An improvement in energy at work
  • Better engagement

Make an effort to develop deeper connections with managers by engaging in small talk before meetings. Learning more about life outside of work helps you see each other as people more than mere colleagues. You don’t need to open every aspect of each other’s personal lives, but having a friendly understanding of what’s happening outside of the office encourages trust.

Provide Professional Development

Do you offer professional development opportunities to the team? Such options could include financial courses to develop specific skillsets or industry events with highly-esteemed guest speakers. Providing professional development to your employees shows them that you want them to succeed. Giving them the chance to learn more about their field and bond as a group creates long-lasting memories. People feel much more confident about their work after listening to an inspirational speech or taking classes that enhance their skill level.

Establish Weekly Check-Ins

Weekly or bi-monthly one-on-one chats give you and your employees a chance to catch-up on projects. You’ll also focus on how you’re both doing and if there are any work-related issues to discuss. It’s also helpful to host regular team meetings to get everyone up to speed on ongoing tasks.

Above all else, the most effective way to strengthen your financial team is to communicate openly. You’ll build confident, productive, and happy managers with clear, heartfelt communication. They’ll reciprocate the gesture — creating an excellent team built from a strong, trusting foundation.

Denis Woods

Danis Woods in Businessman, investment banker and stock exchange traders. On the same time he loves writing financial blogs to shed lights on different aspects that new and existing businessman are not aware of.

Filed Under: Career, Management

Business School Essay Tips for Successful Studies

Last Updated on October 11, 2021 By Jason Obrien Leave a Comment

Applying for a business school is not a cinch. Every year around 100,000 prospective students participate in the admission process of business schools. So, what makes you stand out from the crowd?

If you are planning to get admission to a top business school, then your passion and personal choice are not enough. The admission essay is a vital part of getting admission to the top business school. At the time of application submission, you are asked to submit an essay. The majority of your acceptance depends on how well you create that essay. 

Now the question is how to write a business school essay? Here is an article with the best tips to write business essays.

Tips for Writing a Business School Essay

Business school essays are no cakewalk. You need to have top-notch writing skills, impressive vocabulary, and a solid understanding of grammar. If you are currently suffering from the anxiety of creating a business school admission essay, then relax. 

The process of writing business school essays is a little bit difficult. Here are some tips for writing a good business school essay. 

Start Directly

Before you start writing a business school essay, make sure to read the question properly. The first and foremost thing to consider when writing an essay is that you need to answer the question asked. Many times, students write good essays, but they forget to answer the question, which makes a bad impression.

Business school applicants are often profoundly accomplished. They try to include as many details of their accomplishments as possible in the essay to make it tempting. However, it makes the essay overwhelming, so it is better to avoid doing this. You should try to focus on answering the particular question at hand. 

Avoid prejudicing your essay with vague starting and relatable ideas. The starting should be strong and appealing enough to grab the reader’s attention.

Be Succinct

One of the popular trends leading business school programs is shorter essay word limits. Many business schools have reduced the word limits of their essays in the admission cycles. This trend reflects that you need to be precise and succinct when writing your essay. 

Always keep in mind that short answers and essays are a part of your application. In addition to the details, you provide in your application form, you also have to submit an MBA resume. So, you do not need to fit every detail in your admission essay. You can mention your accomplishments in the resume.

Instead of squeezing in a lot, try to focus on sharing some key highlights of your career, peppering in some compelling details, and conveying your ideas through your writing. A business school essay is your chance to show your interesting accomplishments, share your passions, and explain your choices. 

Be Authentic

Always remember that you do not write what you think admission committee members are expecting to read. Your greatest selling points are the experiences and qualities that make you unique. So, your essay should draw a clear picture of your personality, your passion, and what motivates you.

Do not feel compelled to show how you fit the mould or what makes you an ideal candidate. Try to be real and genuine. Do not pretend to be something else in your essay, as the admission committee will see right through this. The business school admission committee prefers students who are self-aware. So, focus your efforts on being authentic. 

Keep Your Language Appropriate and Approachable 

When writing a business school essay, paying attention to the language is a must. An approachable and appropriate language is the soul of an essay. However, it does not mean that you have to include a lot of flowery prose in the essay. 

The use of appropriate language and vocabulary reveals an intelligent mind. Make sure to use the word and prose that fits in your essay. In addition to this, avoid using short sentences with vague language. Irrelevant language and poor clarity can make a bad impression. Make sure to write a top-quality business essay with proper vocabulary and language.

Edit and Proofread

It may sound like an obvious thing, but students often forget to edit and proofread their essays. Careful proofreading is an essential part of writing an essay. It allows you to make sure that there is no spelling error or grammatical error. 

Editing is crucial to determine if the essay’s logic, structure, and arguments are all there. You should always feel free to take help from online professional essay writing services. It allows you to seek our fresh perspectives and make sure that your essay is free from typos and grammatical errors.

Final Words

Always remember that it is not easy to get admission to top business schools. For most business universities and schools, the admission essay is a crucial part of the application. The process of writing business school essays is complex and requires a higher understanding of grammar and writing skills. If you are not sure about writing your business school essay, then you can take professional writing help online from custom writing services. They hire skilled and experienced writers to help the students in attaining their determined academic goals. 

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Career, Education

Invoice Generator For Freelancers: A How To Guide

Last Updated on March 15, 2021 By Denis Woods Leave a Comment

A freelancer’s work has ups and downs, just like any job. It can be immensely overwhelming and exhausting despite how exciting the idea of having a better work-life balance, controlling your own schedule, and becoming your own boss is.

The freelance lifestyle has several stressful aspects, but making sure that your invoices get paid for the hours of hard work you’re putting in is one that stands out. It can be challenging to stay financially organized and keep track of payments because of the lack of an accounting team supporting you. It’s especially true when you work with multiple clients in a given period.

It’s totally up to you what invoicing method you’ll choose. However, it may be time for a change if you’re still using traditional methods. To improve your efficiency, use an invoice generator for freelancers. This great tool provides so much value to a freelancer’s work.

role of manager

Read on below to learn how to start using one for your business.

How Does An Invoice Generator Work

Invoice generators offer freelancers templates that effectively help them stand out to clients, on top of making the invoicing process easier. By choosing from an assortment of ready-made designs, users can create eye-catching invoices in minutes. Freelancers can take advantage of this technology by selecting an invoice template representing their personal work, style, and branding.

The templates in invoice generators can also be customized with a logo. You can effortlessly do it by choosing from the system’s gallery or uploading your own.

How To Create An Invoice Using Invoice Generators

Freelancers using invoice generating systems can create professional-looking invoices in a few simple steps. You simply have to fill out essential client information, including amounts to be collected, item/service descriptions, shipping, and billing. Select an invoice template afterward to generate the payment request. Each template in an invoice generation software has a distinct style.

How To Send An Invoice Created By An Invoice Generator

Make sure to double-check all the costs, business numbers, and names before sending your invoice. Ensuring correct information at all times is one of the simple invoicing upgrades you can implement to encourage prompt payment. But worry not because you have the option to save the payment request as a PDF and send it another time if you don’t want to deliver it to the client yet after working on the template and entering the required information.

Send the invoice directly from the software once you’re ready to send it. In most invoice generators, the client will receive an email with the invoice attached as a PDF file once you hit send. Your clients can then view the payment request by clicking on the attachment.

Unique Invoice Generator Features

invoicing-to-client-for-goods-purchased

Besides ready-made invoice templates, some invoice generation software also incorporates additional features to their systems to make their users’ lives easier. For example, some invoice generators give you the option to add partial payments, discounts, and multiple taxes within a single payment request document.

Other essential features in some invoice generators are the “Copy” and “Switch To” functions that allow freelancers to create invoices in seconds. With the “Switch To” function, self-employed individuals can convert invoices into quotes, estimates, receipts, etc. Duplicating payment requests to avoid the hassle of having to recreate a similar document to the same client manually also becomes effortless with the “Copy” function.

An added bonus in some invoice generation software is the ability to generate payment requests in multiple languages. It’s a significant boost for freelancers who cater to clients from around the world. Other invoice generators also include different currencies to accommodate worldwide users and their clients from across the globe.

Benefits Of An Invoice Generator

The obvious benefit that invoice generation software brings to the table is the ability to create invoices quickly. However, there are more reasons why freelancers should consider using invoice generators. Check them out below.

  • Better Invoice Organization

Any freelance business owner understands how crucial it is to have their finances in order. Chances are you’re having trouble organizing your payment requests if you’re still using traditional invoicing methods. Even worse, you may be also failing to remember which invoices are outstanding and which have been paid already. Lack of organization leads to unpaid invoices, and unsettled payment requests result in loss of revenue.

Invoice generators can help freelancers be more organized. They allow you to manage your invoices. One organization feature that surely helps is the reminder you’ll get from the software when a client still hasn’t paid you seven days after sending your payment request. Not only does better organization save you money, it also saves you time. As a result, you’ll know how much you’ve been making for a specific period.

  • Error-free Invoices

As already mentioned, freelance life has ups and downs. Sometimes it seems that you’re just chilling at work, but on other days, things can get really exhausting. There could be errors in your invoice when you’re writing it while you’re tired. Either you’ll end up undercharging the client, or upset them because of overcharging. You may even end up sending a payment request to one customer for a project you completed for another. Such confusion will only waste your time, and you don’t want to look like an amateur, do you?

Invoice generation software can help you avoid errors. From missing information to an invalid number, invoice generators can deal with them. For example, most invoice generation systems have an auto-fill feature. That enables the software to auto-fill every mandatory information when you key in your client’s name. You’re done after changing maybe two or three areas.

  • Secured Invoicing

When it comes to any money-related scenarios, security is paramount. With invoice generators, you get the guarantee of a secured invoicing process because of SSL certificates. Invoice generation software systems also use secured web servers in storing data. The best thing about using generators, especially cloud software, is that you can still have access to your data even after your computer got corrupted.

Final Thoughts

Learning how to use invoice generators is pretty straightforward. You don’t need an accounting background to create professional invoices with them. They bring many benefits, too. 

Unfortunately, many freelancers still don’t know about invoice generation software systems. Others have heard about it but simply chose to ignore it and stuck with traditional invoicing methods. Start making your freelancing journey more manageable with an invoice generator now that you’ve read this how-to guide.

Denis Woods

Danis Woods in Businessman, investment banker and stock exchange traders. On the same time he loves writing financial blogs to shed lights on different aspects that new and existing businessman are not aware of.

Filed Under: Accounting & Taxation, Career

Minimum Wage in Virginia

Last Updated on February 23, 2021 By Lisa C. Townes Leave a Comment

Most companies and corporations are confined to meet some federal requirements as per the law in Virginia. There is currently no defined overall minimum wage rate in Virginia, but organizations including more than four workers befit this policy.

The current minimum wage in Virginia is fixed at $7.25/hour, which is according to the federal wage plan. The government is working to change this policy and raising it to $9.50/hour from 1st May 2021.

Furthermore, it can extend to $11/hour from 2022 and might be an extra dollar on top of 11 from 2023.

New Wage Law in Virginia

The three well-known state organizations, involving the Virginia Employment Commission, are required to arrange a public survey. This survey not only fulfills the general wage requirements but also imposes the state’s minimum wage plan. All the agencies should contact Virginia’s general assembly and apply till 1st December 2023

Abolished Exemptions from the New Law about Minimum Wage in Virginia

There were previously some exceptions for the minimum wages in Virginia, which has now been eliminated by the new law. Now the entrepreneurs are compelled to pay the right amount to their employees.

Below is the list of workers who can instantly receive the minimum wages per hour for their hard work.

  • Employees who work hard all day to receive the money for their completed tasks.
  • Workers who are working in private sectors or domestic units as caretakers or nannies.
  • Employees who are serving in a company, having fewer than four workers.
  • People who couldn’t make up the right amount due to physical inability, mental retardation, or similar other deficiencies.
  • As per the federal law in Virginia, business owners must pay $4.25/hour to trainers under 20. This cycle will extend to the initial ninety days of their work.
  • Furthermore, the law has set a settled amount for all the students working part-time to meet their needs. The government fixed 85% of the minimum Virginia wage rate for such students, which calculates to be $6.15/hour.

What is the Minimum Wage Policy for Tipped Workers in Virginia?

The Federal Fair Labor Standards Act (FLSA) did justice so every employee working in Virginia can get at least the minimum amount decided per hour.

According to the rule, employers can pay an amount lower than the minimum salary if the workers are earning enough money from daily tips received.

If it’s not working, the entrepreneurs have to pay the difference to fulfill their employee’s needs.

Describe the Overtime Minimum Wage Rate in Virginia?

Virginia has not specifically set any overtime law for the citizens. However, a worker can extend his working hours every week to get an extra amount for his essentials.

According to FLSA, any employee who is spending extra hours, counting to be 40 hours/week, is eligible to get a minimum of 1.5 times the usual wage.

A few states in Virginia allow their workers to serve the companies this way and earn the overtime rate. If your boss fails to pay you the right amount for your work, you can directly launch a complaint against him with the Virginia Department of Labor.

Are the Employees Fully Protected in Virginia?

The governor of Virginia is working like a Trojan to introduce an employee-friendly relationship between the employer and the workers. They are fully protected as the governor believes in facilitating the Virginians with complete safety and the best jobs. It not only helps them work smoothly but will also increase the economy of the country. Furthermore, it will help reduce the risk of wage theft, workers’ low ranking, or wrong agreements.

Would Law Help Increasing the Minimum Wage in Virginia?

We know that with this advancing world, the needs of people are also increasing. So extending the minimum wage per hour in Virginia would definitely help the employees. If the federal government improves the salary policy, it can directly affect almost 511,000 number of Virginians.

Not only this, but approximately half of this above population is indirectly influenced by the increase in the minimum wage rate. This act would be a great benefit for women as 57% of the employees are women, making their living this way. It would affect the overall economy of the country, which is ultimately a goal.

lisa
Lisa C. Townes

Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger

Filed Under: Career, Economy, Industries

8 Intriguing Education Fields for Creative People

Last Updated on July 29, 2021 By Denis Woods Leave a Comment

Most people grow up and have a good idea of what they want to accomplish after finishing their education. The academic pathway is usually straightforward for everyone. Students select a subject, study it in school, enroll in a university for specialization, and work in an industry related to their education.

However, for creative individuals, this journey isn’t as straightforward. They might end up working in various industries that do not relate to their education. After all, choosing the right education for yourself can be quite challenging. It is especially challenging for creative individuals, who tend to pursue a career they have passion for than what the masses prefer. They also choose to overlook particular aspects such as job security and salary and instead go for something that fuels their creativity.

They only want to have a platform that provides them with opportunities to showcase their skills. In short, creative individuals seek job roles and career prospects that challenge their creative and problem-solving abilities. Individuals who want to dive headfirst into such creative careers will need to acquire a degree in such fields.

Listed below are some degree options for creative individuals to build a lucrative career.

DEGREE OF GAME DESIGNING

The video game industry is booming nowadays and is turning into a multi-million dollar industry allowing individuals to hone their creativity. As more and more console, PC, and mobile games come out, there has been an increase in the demand for new, exciting games from consumers. And game designers possess the skills to fulfill their gaming needs.

It is a game designer’s role to create animations, characters, storylines, puzzles, and much more. A degree in game design combines creative storytelling with technology, allowing individuals to complete diverse on-the-job assignments. A game designer’s occupation requires that candidates acquire skills and knowledge in computer courses such as Adobe creative suite, C++, and Java.

DEGREE IN HISTORY

Studying history is not only about remembering dates and facts about historical events. However, it involves analyzing the impacts of every historical occurrence, artifact, event, and trend. It is about knowing what went on in the world and how empires fell and new ones came into existence. A history degree, such as a bachelor of arts in history online, is usually a three to a four-year-long degree program. It generally offers different subjects starting with beginner courses in the first year to more specialized ones in the further years.

A person can get more creative by enrolling in this course. They can learn about historical events and personalities, develop research and writing skills, and much more. After graduation, individuals can work in roles that are widespread across various industries. Some of them include the role of a museum curator, museum officer, education officer, and much more.

DEGREE IN ENTREPRENEURSHIP

The business world involves tons of analytical decision-making and data. However, entrepreneurs can only be successful if they can combine their business knowledge with innovation and creativity. When talking about any business’s creative side, product innovation and utilizing unique marketing techniques have always been vital to any business’s success.

Whether through social media marketing or print materials, an entrepreneurship degree will allow individuals to succeed in today’s challenging marketing using their flair and creativity. An entrepreneurship degree includes courses in web and technology application, public relations, marketing, and risk management, to name a few.

DEGREE IN COMMUNICATION

The communication field is vast, with a variety of career options available for creative individuals. A communication degree’s primary goal is to allow individuals to help businesses communicate more efficiently and effectively to their target audience. For purposes such as public relations or marketing, companies spread their mission statement and goals to the masses. An effective communicator is one who has the creativity to get this message across through various communication channels.

This type of degree is available at various levels ranging from a bachelor’s to a doctorate. Courses in communications degree include marketing, journalism, public relations, and much more.

DEGREE IN LITERATURE

A literature degree has always been a favorite choice for creative individuals everywhere. It involves spending most of their time interpreting and analyzing modern and classic literature through critical analysis. Students who enroll in such a degree program have to study anthropology, psychology, culture, and sociology.

It allows them to increase their creativity via the development and creation of original written pieces in the classroom. Students can choose from various careers in education, creative writing, communication, and much more after completing such a degree.

DEGREE IN MARKETING

A degree in marketing has always been a top choice for individuals worldwide. Whether it be a viral social media video post or a hilarious TV commercial, marketers often work behind the scenes to develop such creative marketing ideas. Seeing millions of marketing images every day, the demand for creative individuals with innovative marketing ideas is at an all-time high.

A marketing degree includes courses that deal with digital design, creative writing, social media marketing, ad campaigns, consumer behavior, and much more. Besides marketing concepts, students also develop portfolios and work on projects to share with potential employers after graduating.

DEGREE IN FILM STUDIES

A film studies degree allows students to learn ways to analyze and interpret film from various technical, visual, and cultural points of view. A bachelor’s in film studies will prepare candidates for entry-level jobs in television, film, media, cinematography, and much more.

Due to an increase in entertainment platforms these days, television and film-based career opportunities may also see an increase shortly. The curriculum for such a degree focuses on technical analysis, expression, research, and critical thinking.

DEGREE IN CREATIVE WRITING

Creating writing is all about diving deep within the creative process of oneself by investigating literature and various stories. While enrolled in a creative writing degree, students will learn to use their skills in various career opportunities, with writing being one of them, of course.

The writing process requires creativity and analysis of modern and classic literature. The degree deals with courses in American literature, transitional literature, writing basics, and much more.

CONCLUSION

Whatever degree type you decide to pursue, ensure that it aligns with your career and personal goals. As old and mundane methods go out of style, new and more interactive ones come into existence that favor digital environments. If you possess a creative streak, then it’s best to align it with your academic endeavors. You can choose from the list mentioned in this article to pursue a career that is enticing and lucrative simultaneously.

Denis Woods

Danis Woods in Businessman, investment banker and stock exchange traders. On the same time he loves writing financial blogs to shed lights on different aspects that new and existing businessman are not aware of.

Filed Under: Career, Education

What Is the Minimum Wage in Texas?

Last Updated on March 23, 2021 By Lisa C. Townes Leave a Comment

Meeting the federal requirements and acquiescence with the law has been a challenge for most businesses these days. But to make the company survive, they have to do that. This challenge is becoming bigger and bigger with the increase in the laws, including tax changes, paid leave for sick, and minimum wage rates.

Texas is the second-largest state of the U.S. on account of both area and population. To ensure the proper employment pay rate and keep it under control, it passed the Texas Payday Law. According to this law, the minimum wage for every employee is set to some extent, be it any occupation. It is also called as Federal Minimum Wage Rate, which fixes $7.25 per hour as the minimum amount as per law, reaching approximately $290 per week.

Overtime Rate

People working overtime are encouraged by increasing the minimum pay rate to 1.5 times more than the standard rate. It is the compensation for working for more than 40 hours a week. If any owner fails to pay a certain overtime amount to his employee, he can file a suit against him and ask for his righteous wage in every sense. Furthermore, the employee has two years, from the date the wage was due, with an additional amount as damages.

Exceptions to Texas Payday Law

There are some exceptions to this law, which are as follow:

Student Wage Rate

The high-school students who serve part-time may earn $6.16 per hour for working 20 days a week.

Tipped Employees Pay Rate

Tipped employees earn some money in addition to the pay they get. Their owners can pay them lesser than the minimum pay rate applicable, but their salary at the end should make it up to a total of $7.25 per hour, including the tips they get.

Teens Wage Rate

The teens’ wage rate is an exception. There is a general rule of offering paid training of 3 months to the teenagers for $4.25 per hour. It is less than the minimum wage in Texas. But once the individual starts his training session, the pay will be increased to the already discusses amount.

Exceptions for Employers

The organizations have the authority to call the staff for extra performance, who live in the business premises, excluding the paid working hours.

If the employer provides meals and accommodation to the employee, he may add up the amount for that meal and accommodation in a fixed per-hour salary.

The employees, who are mentally sick or physically-retarded, are granted permission to be paid lesser than the minimum wage rate.

Working Time

The employees in Texas are required to work 8 hours a day, making it to 40 hours per week. This way, they can earn the Federal Minimum Applicable Wage Rate.

Texas Labor Law Posters

The Texas labor Law authority and Fair Labor Standards have made it compulsory to publicize the poster of labor law. It ensures the acknowledgment of workers of the minimum wage rate and the overtime. If they do not act upon what they are told, they can be fined heavily.

Graphical Changes

The recent graphs have not shown any change in the minimum wage rates since 2009. It has been the same. Over the period, with the decreasing value of money, law authorities should increase the amount to at least $10 per hour.

Agriculture Sectors

However, agricultural sectors are encouraged by having the piece rates in their case. They can get more by an extended amount of productivity and hard work. Thus the more they produce, the greater they earn, and the more they can have a peaceful livelihood.

Written Proof

Companies are also required to provide wage statements to their employees. It helps in verifying the right payment of the whole staff.

Whether it’s Necessary to Increase the Pay Rate?

According to most Texans, it is felt that the Federal Minimum Pay Rate is not sufficient enough for a person who is even single to meet his or her needs. Around 16% of the population of Texas can easily live with the increase in their earnings. But, according to the analysts and economists, the state is not increasing it as it can impact the economy of Texas.

Some small businesses will have to cut down the lower layer of their employees to meet these pay rates otherwise than being filed against it.

lisa
Lisa C. Townes

Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger

Filed Under: Career, Economy, Industries

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