The next stage is to learn how to correctly use loans and select lending institutions so that the borrowed cash assists you rather than leave you in debt.
On Financer, you’ll find loan comparisons, credit institution pages with objective benefits and drawbacks, and reviews from real consumers of MFI services.
Make a complete list of your debts
From mortgages and vehicle loans to borrowing money from friends and family to get by “till payday.” All cards, installments, and so on. It should be a table (in excel or at the very least on paper) with the following parameters for each debt:
to whom and for what you owe
how much you owe (“body” of the loan)
real effective loan rate
minimum monthly payment
planned payments (this column will remain empty at; first, you will fill it out later)
After that, you should list everything you need to say. You should not be terrified of the number, no matter what it is. The important thing is that you’ve already taken the first step: you’ve examined the problem.
Start by paying off small debts
Sort the table by bet size, starting with the largest and the smallest. It would help to prioritize smaller obligations among debts with similar interest rates.
Prioritizing less debt has a psychological meaning: when you realize that your efforts yield tangible benefits in the shape of a reduction in the number of loans, you will be motivated to keep going.
Furthermore, working with fewer different loans is more accessible.
Refinance
Refinance part of the debt if possible. It isn’t easy to achieve, especially for persons who have previously struggled with loan repayments. Therefore, this item is only for those who are fortunate enough to be able to do it.
In certain circumstances, banks give a little more than the amount needed for refinancing; if you get extra money, put it toward paying off modest obligations (at the top of the sorted table).
Find your maximum
Calculate the maximum monthly payment you can make toward your debts and enter it as the projected total payment amount in the table.
Other cost-cutting measures are only meant to be temporary.
Seek help and inform your loved ones about your circumstance.
More fun together – progress is aided by saving with friends.
Examine your expenses and eliminate any that aren’t required.
It would help if you had enjoyable days for yourself not to give up; there are numerous free ways to spend time with family and friends.
Plan your payouts
Fill in the “scheduled payments” column in the table you’ve created from the bottom up. Set a sum equal to the minimum payment for all loans except the top one. After completing the rest of the table, use whatever money is leftover from the projected repayment amount for the highest loan.
This payment distribution will enable you to eliminate your most “expensive” debts over time and lower the average rate of your total debt.
Automate payments
Set up automatic payments for each loan in your Internet bank several months in advance. Indicate at least 3-4 days of stock as a payment date, rather than the latest feasible day.
If you can make all or part of the payments on a single day, do so. It is preferable that this day is near the regular date of receipt of revenue (for example, salary), but not too close, as the salary may be delayed by a few days, disrupting debt payment.
Set up transaction messages to be delivered to your phone and email.
Don’t be afraid of debt
Not every debt is wrong, and not every debt can or should be paid off as soon as possible. Limiting yourself to anything is not a good idea. Let’s pretend that a reasonable-rate mortgage is a standard tool with which you can live for 15-20 years without losing money. It doesn’t make sense to deprive yourself of all joys for a few years to reduce your mortgage term by 3-4 years.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Many people consider direct counseling when they first begin their careers.
It is good, and it is something you can do. You can also charge your clients a lot of money with online coaching.
You may charge a lot of money for one-on-one coaching if you have established yourself as an expert in your profession. You should start by delivering other services to develop a reputation to accomplish so. However, getting one-on-one live coaching customers may not be straightforward at first.
The only disadvantage of one-on-one live coaching is that your time is being sold. You will need to devote time to prepare for your coaching sessions. However, you can make a lot of money for a tiny investment of time.
Provide high-quality training courses
This is where many successful online trainers begin. They identify issues that individuals encounter in a particular specialty and then provide training courses to address those issues.
To get started, they use platforms like system.io. They do not make a lot of money when they first start, but they become specialists and indispensable in their field with time and dedication.
This form of online instruction is also available to you.
You can charge hundreds or thousands of dollars for your training once you have established yourself. You may host the videos and everything yourself and promote your courses with affiliate commissions. It is a fantastic method to profit from your expertise passively.
Several persons who offer system.io classes have ended up with individual coaching clients willing to spend a lot of money on personal coaching and the courses.
Affiliate website
Passive revenue should be a part of any online coaching business strategy. There is nothing like making money while you sleep or are on vacation. The sufficient passive income is recurring income, which you can get with a thriving membership site in a topic you are familiar with.
Once your site is up and running, you may make money by selling memberships or hosting weekly members-only seminars.
Book concerts to expand your audience
You can plan relevant gigs to boost your business’s visibility and meet more potential coaching clients. There is no more effective way to establish credibility and trust with your audience than to teach them, which is precisely what you do during a speech when you offer your coaching skills.
And the more knowledge you provide, the more probable it is that you will earn net consumers. According to research, customers prefer organizations that give educational information over those that do not.
Imagine how much your spoken instructional content can influence your audience’s purchasing behavior if written educational stuff has such a strong influence.
Lucinda Bassett, a life counselor with celebrity status, recognizes the value of engagements. As you can see, she advertises both her coaching and speaking services on her homepage.
However, if you are just initiated out, you might want to offer to speak for free to establish your credibility and experience.
It is not as complicated as it appears: simply search for appropriate local venues, events, and conferences. Once you have identified an event that interests you, contact the organizers to offer your services for free.
Sell information products like an online course
Because they are instructional and, like eBooks, have minimal maintenance, selling information items like online courses can be a terrific supplement to your coaching business. They give you unbounded passive income potential by providing you with unlimited inventory.
They are also a popular choice among athletes and trainers. In addition to his Virtual Coffee Date, live coaching sessions, music production coach Seth Mosley provides two online courses.
Coaches adore online courses for assorted reasons, including their convenience and ease of upkeep. To put it another way, they are profitable.
Returning to the example of trainer Selena Soo, she made $1.6 million in revenue last year, with over $1 million coming from her online course Impacting Millions.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
It is critical to have work that you enjoy, which motivates you to get out of bed each morning. It is the ideal opportunity for both the firm and you: there is something for everyone! Your dream job will be waiting for you someplace, whether it’s a promotion or a change of position. So, what exactly are you waiting for? Did you manage to locate it?
Here are five pointers to help you get started on success.
Consider your career first, and then express yourself
Since childhood, you’ve been asked, “What do you want to be when you grow up?”
We would have progressed significantly if we frequently discussed principal occupations or did not honestly believe in them, especially when interacting with the professional world. So, there isn’t always an industry, but there is occasionally a field of activity that we are interested in. It is the place to look for your ideal career. In life, you should seek out what motivates you and inspires you to keep moving forward and take on challenges that are sometimes larger than yourself.
It’s critical to consider it in terms of a career: where do you want to go with your life? What is your most ambitious long-term objective? What is the state of your life’s equilibrium? The job that pulls it all together is your ideal job.
Demonstrate who you are
Your CV is one thing, and your personality is another. These complementing dimensions are expressed on two distinct scales, and characters develop during the interview. However, there are many additional steps to take before you reach this point, which is why, to obtain your dream job, you must demonstrate who you are from the start.
How to write a resume and your presentation (classic, modern) every aspect and your abilities can reveal a lot about you. It occurs because of various factors, including your writing and how you write or express yourself. Even before the interview, small facts that are missing, wrong, or uncorrected might give recruiters an unfavorable impression. As a result, double-check that your application accurately reflects your current situation.
Carefully prepare for the interview
When the success of an interview is contingent not just on your work but also on the quality of other candidates’ profiles or the recruiter’s internal expectations (both of which are beyond your control), it’s critical to plan important. Many people miss out on the chance because they don’t know how to give them. They’re all on the day when it counts, which is during the interview.
First and foremost, be specific: you have cleared the first stage and are eligible for consideration if you passed the interview. Then, in addition to mastering personal data, you should take advantage of every opportunity to learn more about the organization, its structural flaws, and qualities, interview former employees, attend public meetings and get to know your coworkers. It is a hands-on approach to interview preparation.
Put yourself in difficult situations
Perhaps you will not be hired for this position, but another dream career awaits you. However, by thinking positively and productively, you might be able to succeed as well. It is Schrödinger’s paradox: truth is always subjective until it is revealed. As a result, you must play your part, and by prioritizing yourself in this situation, you will make things simpler for yourself.
It could involve highlighting your enthusiasm for the job, your knowledge of the company’s expectations, and your previous experience.
How can you persuade recruiters that you’re the most outstanding candidate for these positions? Here’s your mission: you’re on the verge of accomplishing your goal!
Have a more positive attitude and more energy
Finally, there’s no denying that having a good attitude affects how recruiters evaluate your profile. An individual who prioritizes the company’s and others’ interests over his own is likely to make a solid investment. Finding your dream career is like running a marathon: it’s a challenging workout that demands effort, endurance, and consistency, but the conclusion is always in sight. And your efforts will be rewarded because when you accept responsibility for a position, you tell yourself, “I got my way, I did it!”
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Master Your Future: Effective Tips on Career Planning
How to plan your career effectively means taking a strategic, intentional approach to defining your professional goals, assessing your current skills, and creating actionable steps to bridge the gap between where you are now and where you want to be. Rather than leaving your career to chance, a well-structured career plan gives you clarity, direction, and measurable milestones to track progress toward meaningful advancement.
After working with hundreds of business owners and entrepreneurs over my 20+ years as CEO of Complete Controller, I’ve learned that career planning isn’t a one-time event—it’s an ongoing process of self-discovery, skill-building, and strategic positioning. According to recent research, employees who invest in professional development experience 140% higher salary increases compared to those who don’t, while companies see 34% better retention rates when they support career growth. In this article, I’ll walk you through proven strategies for crafting a career plan that actually works, teaching you how to conduct powerful self-assessments, identify high-demand skills, build strategic networks, and create actionable milestone goals that transform vague aspirations into concrete achievements.
What does it mean to plan your career, and why does it matter?
Career planning is a strategic process combining self-assessment, goal-setting, skill development, and action planning to achieve professional growth.
It provides clarity on where you want to go and removes the guesswork from career decisions.
A structured plan increases your competitive advantage by helping you develop skills before you need them.
Strategic planning helps you stay adaptable in a rapidly changing job market where skills become outdated quickly.
Organizations reward intentional career development with promotions, raises, and expanded responsibilities—but only when you demonstrate clear progression.
Know Yourself—The Foundation of Career Planning
Before you can plan where you’re going, you need to understand where you are and what drives you. Self-assessment isn’t vanity; it’s the compass that keeps your career aligned with your values and strengths.
Begin by cataloging both hard skills (technical abilities like accounting software, project management, or coding) and soft skills (communication, leadership, problem-solving). LinkedIn’s Skill Assessments and platforms like Skillshare can help you objectively evaluate where you genuinely excel. Don’t just list what you think you’re good at—test yourself with real assessments. Many professionals overestimate or underestimate their abilities, which leads to misaligned career choices.
Assess your values and priorities
What matters most in your work? Consider whether income, work-life balance, social impact, remote flexibility, or creative expression drives your satisfaction. Understanding your values prevents you from chasing a prestigious title that leaves you unfulfilled.
Income requirements and financial goals
Desired work environment (remote, hybrid, office)
Impact and meaning in your work
Growth opportunities and learning culture
Team dynamics and leadership style preferences
Tools like the Myers-Briggs Type Indicator (MBTI) and Big Five Personality Traits reveal how your personality aligns with different career paths. These assessments aren’t fortune-telling; they’re data points that help you make informed decisions. Someone with high conscientiousness and analytical tendencies might thrive in accounting or data science, while someone high in extraversion and empathy might excel in sales or human resources.
Research Your Market—Understanding Industry Trends
You can’t plan your career in a vacuum. The job market is evolving rapidly, and your plan must account for real-world opportunities and future-proofing.
Healthcare, technology, renewable energy, and AI-adjacent roles continue to see robust growth. Digital literacy, emotional intelligence, and adaptability are increasingly critical across all sectors. PwC’s 2025 research shows workers with artificial intelligence skills earn an average wage premium of 56% compared to colleagues without AI skills—more than double the wage gap from the previous year.
Understand your industry’s evolution
Every industry is evolving differently. Tech professionals need to stay current with new programming languages and frameworks. Finance professionals like myself have watched our field transform with cloud-based bookkeeping and AI-driven analysis. What skills are becoming redundant in your field, and what new capabilities are emerging? This insight directly shapes your upskilling priorities.
Over 60% of companies now offer remote or hybrid work options, which expands your opportunities but also increases global competition. If location flexibility matters to you, research companies and industries leading remote work adoption. According to Pew Research Center, the majority of remote-capable workers prefer to continue working from home even post-pandemic. Conversely, if you thrive on in-office collaboration, you’ll have different company options to target.
Clarify Your Career Vision—Specific Targets Drive Results
Many people say “I want a better job” or “I want to be successful,” but these vague aspirations don’t lead anywhere. Your career vision needs specificity. Research shows 70% of employees feel disengaged when their work lacks clear objectives.
Write down where you want to be in 5–10 years. Not in abstract terms, but concretely:
What’s your title and level of responsibility?
What’s your target salary range?
What type and size of organization do you work for?
What skills do you use daily?
What impact do you have on the business?
“I want to be a VP of Marketing at a fast-growing SaaS company, leading a team of 8–10 people, earning $150K+, with flexibility to work remotely” is far more actionable than “I want a leadership role.”
Create short and medium-term milestones
Break your long-term vision into stepping stones—realistic achievements within 6–12 months and 2–3 years. If your goal is VP of Marketing, your short-term goal might be “secure a Senior Marketing Manager role at a growth-stage company” and your medium-term goal might be “earn promotion to Director of Marketing and lead a team of 5+.”
Career paths are rarely linear. You might discover that your initial dream role isn’t as fulfilling as expected, or that an unexpected opportunity opens a better door. Build flexibility into your vision. Rather than seeing a detour as failure, reframe it as learning and adaptation.
Bridge Your Skills Gap with Strategic Development
Now you know where you are and where you want to go. The next step is mapping the distance and planning how to close it.
Research job descriptions for your target role and compare them to your current skillset. Create a prioritized list:
Critical blockers: Skills you absolutely must have
Differentiators: Skills that set you apart from other candidates
Nice-to-haves: Skills that enhance your profile but aren’t essential
Create your development action plan
Don’t just identify gaps; create a concrete plan to close them. Consider these learning channels:
Professional certifications: PMP, AWS, Google Analytics add credibility
Stretch projects: Volunteer for initiatives at your current job that build target skills
Freelance or volunteer work: Gain real-world experience outside your day job
The most effective career development uses multiple channels simultaneously. You might take a formal course, read industry books, find a mentor in your target field, and volunteer on a relevant project—all at once. Micro-credentials allow you to showcase specific skills without committing to a full degree program.
Build Strategic Networks and Mentorship Relationships
Career planning isn’t something you do alone. Your network and mentors are force multipliers in your career. According to LinkedIn and HubSpot research, 85% of jobs are filled through networking, with 70% of positions never advertised publicly.
Networking remains one of the most effective ways to discover opportunities. LinkedIn dominates, but niche communities like Slack groups, Discord servers, and industry-specific forums are gaining traction. Don’t network passively:
Identify specific companies and roles you’re targeting
Connect with people in similar positions
Request informational interviews to learn about their paths
Offer value before asking for help
Leverage mentorship for accelerated growth
Find mentors who’ve walked the path you want to walk. Ideally, your mentor has achieved the role or level you’re targeting. Virtual mentorship programs have made it easier to connect with industry leaders worldwide. A good mentor won’t hand you a job, but they’ll give you honest feedback, introduce you to opportunities, and help you navigate blind spots.
According to Adecco Group research, 76% of workers believe companies should prioritize internal talent for open roles, yet only 52% of organizations have formal internal mobility strategies. If your current employer offers structured internal mobility programs, these can be faster paths to your goal than external job changes. If not, advocate for such programs or create your own by proposing cross-functional projects.
Transform Strategy Into Executable Action Plans
Strategy without execution is just daydreaming. Your career action plan is where real progress happens.
Set Specific, Measurable, Achievable, Relevant, and Time-Bound goals. Instead of “improve my leadership skills,” try “complete a leadership certification through Coursera by June 30, 2025, and lead one cross-functional project by December 2025.” SMART goals keep you accountable and make progress visible.
Create quarterly milestones
Large career transitions feel overwhelming. Combat this by creating clear milestone goals:
Q1 2025: Complete Google Project Management Certificate and update LinkedIn profile
Q2 2025: Network with 10 project managers and conduct 3 informational interviews
Q3 2025: Land project coordinator role or volunteer for major project internally
Q4 2025: Secure Project Manager position at target company or transition internally
Don’t wait until you change jobs to start progressing. In your current position, identify tasks and projects that align with where you want to go. Volunteer for initiatives that build your target skills. These in-role contributions demonstrate capability and build your resume.
Career plans aren’t static documents. Review your progress quarterly. Are you on track with milestones? Has the job market shifted? Have your priorities changed? Adjust accordingly. Flexibility isn’t failure; it’s wisdom.
Future-Proof Your Career Against Rapid Change
As AI and automation reshape the workplace, career planning now requires thinking about long-term relevance. The World Economic Forum’s Future of Jobs Report predicts 39% of existing skill sets will be transformed or outdated by 2030.
The half-life of skills is shrinking. Knowledge current today may be outdated in three years. Build continuous learning into your identity. This doesn’t mean constant expensive certifications—it means staying informed about industry trends, experimenting with emerging tools, and maintaining intellectual curiosity.
Develop complementary human skills
AI and automation eliminate repetitive, rule-based work across virtually every field. Focus on developing skills machines can’t easily replicate:
Strategic thinking and complex problem-solving
Emotional intelligence and relationship building
Creative innovation and design thinking
Leadership and team development
Ethical decision-making and judgment
Rather than betting everything on a single skill, develop a portfolio of transferable capabilities. If you work in marketing, developing data analysis skills, financial acumen, and project management experience makes you valuable across multiple industries. This diversity provides career security and optionality.
Final Thoughts
A career plan is only valuable when executed. This week, complete your self-assessment and identify your core skills, values, and personality traits. This month, define your long-term vision in specific terms and create milestone goals. This quarter, identify your top skills gaps and enroll in one learning opportunity.
Career planning isn’t about predicting your future—it’s about taking control of it. The professionals I’ve worked with who advance fastest aren’t always the most talented; they’re the ones with intentional plans, discipline to execute those plans, and flexibility to adapt. Your career is one of your most valuable assets. The difference between a planned career and a reactive one often comes down to years of progress and hundreds of thousands of dollars in lifetime earnings.
Ready to take control of your career trajectory and align it with your broader life goals? Visit Complete Controller to discover how strategic financial planning supports your professional growth. Our team helps entrepreneurs and professionals find new opportunities and position themselves as thought leaders in their industries.
Frequently Asked Questions About How to Plan Your Career
How do I start planning my career if I don’t know what I want?
Begin with self-assessment tools like personality tests, skills inventories, and values clarification exercises. Take informational interviews with professionals in fields that interest you. Start broad by exploring industries and roles, then narrow your focus as patterns emerge about what energizes you versus what drains you.
What’s the difference between a career plan and a career path?
A career path is the sequence of jobs you hold throughout your working life, while a career plan is the strategic roadmap you create to guide those choices. Your plan includes goals, timelines, skill development strategies, and action steps, while your path is the actual journey you take.
How often should I update my career plan?
Review your career plan quarterly to assess progress and make minor adjustments. Conduct a comprehensive annual review to update long-term goals, reassess market conditions, and realign priorities based on life changes. Major pivots may require more frequent updates.
Can I plan my career while staying at my current job?
Absolutely. In fact, 76% of workers prefer internal mobility opportunities. Use your current role to develop transferable skills, build your network, take on stretch assignments, and gain experience relevant to your target position. Many successful transitions happen through strategic positioning within your current organization.
What if my career plan doesn’t work out as expected?
Career plans should be flexible frameworks, not rigid prescriptions. When plans don’t unfold as expected, treat it as valuable data. Analyze what changed, what you learned, and how to adapt. Many successful professionals report their best opportunities came from unexpected pivots guided by their underlying career planning principles.
Pew Research Center. (December 9, 2021). “Majority of Workers Who Can Work From Home Say They Would Like to Do So Even After Pandemic.” https://www.pewresearch.org/fact-tank/2021/12
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Jennifer BrazerFounder/CEO
Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.
Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.
The hot excursions, throwing darts at the map: wherever you get, we go there, are all cool. However, in our comfortable, secure reality, this is quite rare. Perhaps this is true because your safety, well-being, and comfort essentially decide whether you enjoy traveling. So, before you leave, you should seriously consider all aspects of your trip, beginning with where we’ll travel and who we’ll bring, and finishing with how we’ll pack our bags.
It is preferable to travel to Australia for surfers, divers, and those who genuinely desire to be such. Explorers may choose the Dominican Republic, where they can marvel at the Caribbean Sea’s underwater scenery. Bali in Indonesia is ideal for those who enjoy the gentle sun, the ocean, and friendly inhabitants.
Furthermore, you can purchase a visa for $30 upon arrival. In a paradise in remote India, such as Goa, tourists will find peace and complete relaxation. You can get to sunny Egypt for only $25 by asking for a visa at the border, and you can get a fabulous tan, visit another country, and not spend a lot of money. In the Maldives, however, a visa is not required, and visitors may enjoy gorgeous ocean views and fish meals. The Maldives, with its beach vacations, fishing, diving, and breathtaking views, is another lovely destination that does not require a passport. Thailand does not require a visa for entry. Its lively mood and abundance of entertainment entice visitors to fall in love with it and frequently return on their first visit.
Purchase in Advance
It is recommended that you purchase your tickets at least two months before your trip. Suppose you are buying tickets more than two months in advance. In that case, airlines will be unable to determine current costs and set approximate pricing based on the flight’s popularity the previous year. And, with three months until the flight, the price is already entirely reflective of passenger volume that year.
Correct Day of the Week and Time of Booking
It is preferable to book a flight in the middle of the week, from Tuesday to Thursday, when flights are half-full. The best time is between Tuesday and Wednesday at one o’clock in the morning. Tickets are frequently discounted for a day starting on Sunday evening. For example, tickets that were booked but not validated are re-entered into the system on Tuesday at midnight, and if you phone at 1 a.m., you have a good chance of getting a ticket at a discount. Just make sure your phone rather than shopping online.
Look for Special Offers
Special offers can be made in response to the sale of plane tickets at the end of the season, the launch of a new airline route, or to entice passengers. Of course, special-offer tickets have drawbacks, such as the fact that they cannot be returned or can only be returned partially, there is a luggage restriction, etc. You can locate deals by subscribing to numerous airline mailing lists or splitter sites that collect data from multiple flights and booking companies.
Change of Destination
Unless you’re traveling from one country’s capital to another’s capital or big metropolis, altering your destination can save you money on your ticket. Airports in less popular cities impose lesser fees than capital cities, reducing ticket prices. If you need to get to Berlin from Moscow, you can take a train to Dresden and then travel by land to Berlin.
Choosing a hotel
If you really can sleep without any disturbance, you need to know how noisy the hotel will be. You can achieve this in the following manner: Look on Google Maps to determine if there is a road near the hotel and busy streets and tourist hotspots. Furthermore, if the hotel is old and hasn’t been refurbished in a long time, the windows will likely transmit sound well. You can phone the hotel and inquire about it, though there’s no guarantee they’ll tell you the truth. Pay special attention to the reviews that appear the most frequently. For example, it is most certainly correct if it is commonly stated that guest rooms are crowded.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Many startup businesses struggle at an early stage, and at this point, they must form an image and name of their brand. They must enter the market while considering all factors, including competitors or consumer demand. A startup business is usually funded by an individual who had the idea of starting the business or is the founder of the business. Startups are great for the economy as they create employment and competition, decreasing the chances of inflation.
A few reasons why startup businesses struggle initially are due to managing so many tasks at once. This can be difficult for managers and business owners, who end up lacking time management. Finding finances and funding is also a difficult task as a lot of banks prefer stable and successful businesses to offer loans.
Finding funds for your needs also becomes necessary as startups usually have more trouble managing finances and saving costs. One of the most challenging tasks for startups is finding the right people to staff the business, as the success of a business depends on the productivity and behavior of its employees.
Staffing is one of the most critical aspects of any business because it creates the business team and is often the stakeholders. This means that they have a role in making the business operational and profitable in the future. Many startup businesses are unable to find an excellent Human Resources (HR) team due to the lack of funds, and they end up with no professional help to recruit employees. This forces entrepreneurs to do these jobs themselves. For an inexperienced recruiter, understanding all the rules and laws for employees, shortlisting applications, interviewing candidates, and running a background check on them can be extremely hectic and difficult.
Below are tips for inexperienced recruiters to choose the best and the most suitable people for their desired roles:
Find sources that supply the best match for your business. For startups, it is not easy to recognize an applied candidate’s experience and abilities from professional job boards. But you can always ask your previous colleagues or friends for referrals and find the best fit through these connections.
Determine what and who you are looking for. It is important to analyze what skills you want in your staff before starting the recruitment process. This will help you stay on track and will prevent any unwanted confusion.
It is not necessary to follow traditional recruitment processes. After shortlisting the suitable candidates for a job in your company, it is not necessary to arrange a proper interview for them. Instead, you can test their skills by assigning them tasks or eliminating any further skill testing or interviews.
Identify how many employees you need right and what their roles should be. Hiring extra workers for your new business is not only costly, but it takes time to hire them, train them, and run background checks on them. Some of your business’s most essential staff members should be an accountant or a bookkeeper, a lead marketer, a chief administrator, and an analyst.
Create a healthy working environment. Having a healthy environment will attract people to work for you and attract more skillful people willing to work with you. Having a healthy environment in the business is essential and is overall beneficial for companies.
Businesses who do not have a human resources department usually hire a staffing agency for all their recruitment processes, but it is only possible for stable and profitable businesses to do this. Often startups have low funds, so they are unable to afford both the HR department and the staffing agency. That is why they need to adopt staffing tips and strategies to make the recruitment process easy for them.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
As a business owner, you will probably work for more incoming cash than outgoing cash, so your business will operate smoothly. The amount of money you are left with after paying for all expenses is known as profit. Likewise, you must measure your company’s profit, known as profitability. It is important to understand the difference between profit and profitability to make sound financial decisions.
A professional accountant or a bookkeeper will have the profound financial knowledge and can make a clear distinction between the terms profit and profitability. However, it is not hard to comprehend for a businessperson.
A business achieves standing in the market if it is generating profitability. When it comes to business growth, these two components play a significant role in evaluating what is appropriate and right for a company, no matter if financial records are favorable or not.
Difference Between Profit and Profitability
Profit and profitability are the two major components that are often used interchangeably. However, these terms are not the same. The explanation of both the terms varies, and those who understand them can easily witness a company’s financial success.
To determine whether a business is financially sound or not, investors and business owners are obliged to track a company’s profit distinct from its profitability. To smoothly run a business, you need to ensure an even working capital and reduce business costs and expenditures. Whatever amount of money is left after subtracting the total expenditures from net revenue would be the profit; similarly, profitability is the ratio between the net revenue and total sales and is recorded as a percentage.
How to Calculate Profit
As a professional accountant, it will not be daunting if you consider calculating a company’s profit. You only need to add the total revenues and subtract the total expenditures to get the amount of profit. Below is an easy formula to determine profit:
Total profit= total income – total expense
How to Calculate Profitability
Determining profitability is a bit more complex than calculating profit. It includes ratios and percentages which clearly state that profitability is the measurement of profit. Business owners are responsible for ensuring that their profitability ratio is optimistic about securing enough profit for growth, especially when tough market competition. A company demands careful financial tracking and control.
It is the degree to which a business quits a financial gain. Although a company might initially show profit margins, it does not practically make a company profitable. Profitability is contrasted against numerous aspects of the business, and every entrepreneur must learn the tactics before determining the exact profitability index for their firm.
Profitability is nothing but gross profit as a percentage of total sales. It refers to the profit left after the cost of goods sold is eliminated from net sales. The formula for calculating the profitability of a company is:
Profitability= profit/revenue * 100
Determining profitability is an important factor as it indicates whether a company can pay the operating expenditures and other expenses along with the growth potential.
Evaluating Profit
When we evaluate both terms from a business perspective, we instantly comprehend that a company’s core objective is to generate profit. Without profit, no business can compete in the market for long. The earned profit is again invested back into the business for the prosperity and growth of the company. However, only measuring profit as an indication of success might be deceiving. There are various routes for determining a profit margin, and entrepreneurs should understand them. The conclusion is: your income statement represents whether your company is making a profit or not. If you get negative figures, you will need to reduce expenses or cut costs to ensure the existence of profit.
No single tactic is likely to increase a company’s profitability or long-term success. The most successful businesses carefully analyze customer behavior to anticipate the best price for commodities. A delightful blend of both cost-cutting and price has the greatest chance of improving a company’s profitability.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
The travel situation all around the world changed dramatically after the pandemic. Governments changed their warnings, restricted travel, and have finally opened their borders to international travelers while cases continue to fluctuate. With a few safety measures, you can have fun without endangering the lives of others.
China, South Korea, and some countries in Asia have effectively controlled the virus’s spread and have already started seeing leisure and business travel segments recovering domestically – which is good news for travel agencies.
While Germany and Europe have shown first signs of encouraging travel demand recovery, other countries have not controlled the spread effectively. Despite the increase in the number of Covid19 patients, there has been an increase in bookings and searches.
Millions of people worldwide are entirely reliant on tourism for their livelihoods. Opening the doors for the tourists can put them and their citizens at significant risk, so it is essential to understand that it is your job to comply with the requirements when a country welcomes you.
Traveling in 2021
Here are some reasons why individuals will be traveling in 2021:
The desire to travel has grown and reached another level during lockdown
More destinations are available to visit
Traveler expectations will be relatively high when they travel again
The financial outlook for most tourists is positive
Consumers want to work with travel professionals
Here are ways the travel industry is encouraging people to travel:
Online engagement
Brands such as Belmond have engaged clients by having virtual events that inspire them to travel and offer fun activities and information, which all serve as mood lifters during an unusual holiday season.
Trust management efforts
From battling climate change to supporting the indigenous population through travel, the industry is doubling its efforts to do good while also doing its job. This increases client trust within the industry.
Managing trust involves greater business accountability. The principal at Enterprise Applications Consulting, Josh Greenbaum, was amazed at the unprecedented activism of so many organizations in the United States.
Travel precautions
Here are some precautions that you should take as a tourist:
Make sure you have your mask on whenever requested, especially on your flight. If there are some restrictions at your destination, please consider wearing a mask in public anyway.
Ensure you are practicing social distancing. Keep a distance of six feet or more from people outside your household or travel companions.
If your destination has a compulsory quarantine for those who test positive, do not turn around and get on your plane home. This act may potentially lead to infecting hundreds of travelers.
Also, remember to wash your hands regularly and thoroughly, avoid touching your face, and wear a mask.
Do not assume that there are no longer any risks because places are opening and welcoming travelers again. Travel with an approach that most sites have opened because they are under economicpressure, not because they have eliminated the virus.
If you have symptoms or think you may have been exposed to the virus, do not travel.
Conclusion
It is great that the governments have allowed people to start traveling again. Still, it is our responsibility to ensure we follow all the necessary precautions and care for ourselves and others. Do not forget all the risks involved in traveling just because the countries have started welcoming tourists once again.
Travel agencies should quickly recognize travelers are expecting a lot out of their vacation, which means industry partners will need to cater to their needs. Individuals traveling to and from countries with varying restrictions will need to be patient and work with tourists to ensure they have an enjoyable vacation with safety in mind.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
What sets Stablecoin apart from other cryptocurrencies is its direct tie to fiat currency. Fiat currency is printed money such as Euros, Dollars, or exchange-traded commodities such as gold.
We are already used to the credit system for fiat money, but with less autonomy and privacy as cryptocurrency. Stablecoin is the bridge between fiat money and cryptocurrency. The concept of cryptocurrency is a little easier to grasp for some making Stablecoin more inclusive than other cryptocurrencies such as Ethereum and Bitcoin.
How Does It Work?
Cryptocurrencies are often volatile and experience short-term fluctuations in value. Unlike other cryptocurrencies that are treated as an investment opportunity rather than a currency, Stablecoins aim for day-to-day use like buying milk or a pair of jeans.
Much like fiat money, whether you physically possess your money or keep it in your bank account, Stablecoin does not fluctuate in value as often as other cryptocurrencies. This means that Stablecoin can have its value linked to any commodity or currency. They are commonly pegged to fiat currency more than anything else. If someone tells you they have Stablecoins, they are most likely saying they have fiat currency coins.
Even if Stablecoin value fluctuates, it does for a short period in a tiny amount but then returns to its original value.
Types of Stablecoin
As the demand for alternative digital currencies increases, so do the types of Stablecoin. There are three main types:
Fiat money backed centralized coins
Cryptocurrency back decentralized coins
Decentralized algorithmic coins
Coins that adopt a centralized model and back the issue of new tokens with fiat cash at a 1:1 ratio dominate the Stablecoin market. Stablecoins like Tether (USDT) and USD Coin (USDC) are examples of this class.
Other coins, such as DAI, an ERC20 token on the Ethereum blockchain, are newer, but their decentralized format has helped them acquire popularity.
Users can apply cryptocurrency as collateral to borrow DAI cryptocurrency on the Maker Decentralized Autonomous Organization (DAO) platform, rather than relying on fiat reserves to keep their value stable. DAI is controlled by network consensus rather than a centralized team, and it has a value of one dollar.
Decentralized algorithmic currencies are relatively new, and they differ from other types of Stablecoins in that collateral does not back them.
There are various types of Stablecoin to ensure inclusivity for all types of users, making cryptocurrency accessible to everyone.
Fiat Backup
The majority of Stablecoin users utilize this form of backup. It consists of crypto assets directly backed up by mainstream currencies such as dollars, euros, or even commodities such as gold with a fixed ratio of 1:1. The value of the coin is based on the value of the backup currency instead of fluctuating in value on its own.
In this scenario, a central issuer or bank retains a specific quantity of fiat currency in reserve and issues an equal number of tokens. The most important criterion is that the backing currency’s amount reflects Stablecoin’s circulating supply. For example, if the issuer has $100,000, 100,000 tokens worth $1 each will be created, which can be freely transferred between users.
Stablecoins and Exchange
Stablecoin allows you to avoid the complex financial regulations that come with institutions of fiat currencies. Cryptocurrency regulations are very different from our mainstream banking systems.
Stablecoin Trading
When you are trading cryptocurrency, there is a risk of losing your investments because of the generally volatile nature of the cryptocurrencies’ value.
Stablecoin has a way around this; Stablecoin users can move into a Stablecoin like USD Coin or Tether to immediately lock in their profits. They can also benefit from the arbitrage opportunities when the same currency has a different cost on two other exchanges.
Cryptocurrencies are undoubtedly here to stay, and Stablecoins appear to be the answer to decreasing friction, boosting stability, and, ultimately, enabling the future of money in the digital world.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
The pandemic changed every aspect of our lives. It altered the way we live in a way that we never imagined was possible. Our lives have been impacted so significantly that going back to our old ways might damage our sense of normalcy and leave us with less than we have now, possibly nothing.
The pandemic has changed our lives through contactless transactions, where we have shifted entirely to online payments. What started as a safety measure has now become a mode of convenience and preference.
Many well-known entities support the use of contactless payment. They provide ways to ensure contactless payments, thus promoting the latest sense of normal. Systems such as Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or any application support this new strategic mode of transaction for contactless transactions.
With such influential companies supporting the new normal, it will not be long before the term is changed from ‘new normal’ to ‘normal.’ The rate at which everything is shifting is proof that our ways of living are not changing; they have changed.
Advantages of Contactless Transactions:
Tap-to-pay technology:
Tap-to-pay technology is fundamentally a payment method where you simply tap your debit or credit card on a machine to pay. This reduces human-touch interaction and is a faster payment method than swiping a card or inserting it into the terminal. This tap-to-pay technology is also applicable to mobile applications where a mobile phone can download an app that enables payment through the device. The device can then be used to safely make a payment that has reduced human interaction.
Convenience:
Contactless transactions are convenient and lessen the fear of losing a wallet or actual cash. It can be challenging to remember and actively monitor one’s wallet with cash in hand. Therefore, contactless transactions provide convenience without the need for separate payment methods.
Safer Transactions:
Payments are safer with contactless transactions since you have a record stored on your device. Online banking and payment applications record all transactions, which further provides safety and easy monitoring.
Easy-O-Logy:
Contactless payments are not restricted to just cards. With contactless readers, there exists a Near-Field Communication (NFC) technology. With NFC technology, contactless readers can connect with devices that are associated with you, such as your smartphones or smartwatches, allowing you to pay in a way that suits you.
Contactless payments are the new normal. Using cash is rare now, not just for health safety reasons but also for convenience. The next generation prefers technology, which further contributes to the rise of contactless payment options in the money market.
Disadvantages of Contactless Transactions:
As much as the pandemic has adopted contactless transactions, there is a disadvantage. Since contactless transaction cards do not require a Personal Identification Number (PIN) for authorization, fraudulent purchases can be made if the card is stolen. If this does happen, the card owner can report the card as stolen; however, the fraudulent charges may continue.
Conclusion
Even though the rise of the pandemic has made contactless transactions preferable, it is limited. You can do so much with a contactless payment method, but limits in these cards exist. Limitations can include a cap to your daily spending or limited retailers who accept contactless payments.
The pandemic has made many new things a normal part of our daily lives. Many new aspects or methods entered our lives as a precaution, but they have survived because of the impact they created. The convenience, saving on energy, and our lifestyle are the new normal. Innovations like contactless payment methods are just the latest aspects of our lives that fit in well.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
