Business

Making Live Connections on Linkedin

6 Steps for Networking and Making Live Connections on Linkedin

LinkedIn can be used for more than passively waiting for people to respond to your profile. If you don’t take an active role in managing and promoting your account, chances are not much will happen. Here are 6 steps for networking and making live connections on linked.

1. Make sure your profile is complete and compelling. This means filling out all the sections and having a decent profile picture. Any picture is better than not having any at all, but try to have a good professional looking photo that shows you to your best advantage. The more institutions that you list that you are or have been associated with, the more people will be able to find you who where also associated with those institutions.
Although your profile will list your accomplishments, it should be focused on the reader, and what your unique value proposition is. You proposition should state how you will help a prospect with your knowledge, experience and processes. A prospect is not interested in who you are, until they know how you can help them.

2. Remember that Linkedin is social media first and foremost. People want to be engaged, spend some time browsing online, and have a conversation. They are there for business and to pursue their goals, but they need to have a chance to get to know people. Nothing will turn off members sooner, or cause them to block then you a “hard sell,” or appearing so often in their timeline it seems like you are stalking them. Keep it light and social. Contribute value and prospects will be happy to interact with you.

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How Will My Business Fund My Retirement Income?

Funding your retirement income from your business depends on a number of factors, so it takes a systematic approach to make it work.   I will cover some of the main points to consider to have a reliable retirement income.

The first question to answer is what is going to happen to your business in retirement?  Are you going to be involved in running it, either on a full or part time basis?  Do you want to maintain full or partial control of the business?  Are there key employees or family members that you want to run or buy the business?  How long will a full or partial sale of your business take?  What is the value of your business, can it currently generate a cash flow to meet your expectations?  For many business owners, most of their assets outside their home and possible vacation property are tied up in their business.

If you are planning to sell your business to a third party and move on, things should be fairly simple once the deal is done.  Congratulations if Microsoft made your business an offer you couldn’t refuse.  Then your only question is, “do I have enough money to retire on”, after the taxes and expenses are paid?   I will address how much money it takes to retire in another post.

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Business in Retirement

The idea of starting a business in retirement may be novel to some, but is gaining more popularity, and the average age of business owners starting a new business has been increasing because of retired people getting into the game.

The main reason to look at starting a business in retirement may be the extra income it can bring, but there are other important factors as well for starting a new business such as keeping up with your contacts, keeping up to date with computers and new technology, and having a meaningful and valuable activity to do during retirement.  Many of my clients feel the exhilaration of being on permanent vacation during the first year or so of  their retirement, but can become restless later on.

Types of Businesses to Start

A good business to start is one that uses the expertise you have already have from work, interests or hobbies.  This could include many areas such as contract and consulting work, photography or videography, creative writing, affiliate marketing, landscaping, maintenance and repair, bookkeeping, or whatever you are good at and think there is a market for.  Many of these business do not require a large investment in equipment, or you may already have the equipment you need from your work or hobbies.

How to Manage your Time

The greatest benefit of retirement for many people is time freedom.  Once you have won this freedom for yourself it is not something you are likely to give up.  It is therefore important to not let your new business overtake your free time, unless if it your choice.  Of course there will be times when your business will demand more of your time, like during the start-up.  You can help protect your time freedom by taking shorter term contracts, or configuring your work so you only do it during certain months of the year.

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Retirement Plans – The Video

How Much do I Need to Save for Retirement?

 

 

 

This is a Retirement Planning video that goes along with my complete article on Retirement Planing and How Much to Save for Retirement at http://businesstowealth.ca/retirement-plans-how-much-to-save-for-retirement/.  Business to Wealth is my blog to help Business Owners turn their enterprise into the lifestyle they are striving for, both before and after retirement.

Top Tips From The Worlds Experts In Developing And Sustaining Good Client Relations

When a business wishes to be successful and gain a large following, it is vital for the people in charge to think about creating and sustaining customer relationships. Relationships help a business last for a long time. Such a benefit also ensures that the business may gain a positive reputation on the Internet and around the local community. The information below may help a business in the long run.

1. Create a Social Media Account

If a business wishes to stand out from the competition, it is a good idea to create social media accounts. Social media websites play a significant role on the Internet. People use these websites in order to talk to loved ones or learn

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Retirement Plans – How Much to Save for Retirement?

This article will look at your retirement plans in order to answer the question, how much to save for retirement? There are several different ways to calculate this number, and of course the value will vary from person to person depending on their circumstances. But, to give you a ballpark number, for most retirees if you have around $500,000 at age 65, and have a home paid for and no debt, you should be able to have a comfortable if modest retirement, and you will be much better off than the majority of other retired people. If you want an above average or deluxe retirement you will need more savings.

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Tax Saving Tips for Business Owners

Sole proprietorships are the simplest way to run your business. They are taxed at your regular tax rates as a person. Because of the simplicity of this business structure, many business start this way. As your business grows, there are tax benefits to setting it up a corporation. I will discuss the advantages of corporations in an upcoming post. Here are some tax saving tips for business owners.

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