HOTWBanner.jpg

Why Retirement Could Launch Your Next Career

According to Chris Farrell, in a recent article at Forbes.com, you can start a business in retirement.

Older workers have decades of experience, a network of contacts, and often more money than younger people to invest in a start-up company. They have lived through years of economic ebbs and flows and are often able to spot needs and market trends due to their years of study.

55-to-64 year olds made up 15% of new entrepreneurs in the 1997 Kauffman Index of Entrepreneurship, but the number jumped to 24% in the 2016 Index.

Read More...

4 Signs You May Need to Switch Jobs

Tough jobs can stretch us and prepare us for the future. But Liz Ryan at Forbes.com says certain signs reveal when it may be time to change jobs.

1. If you experience stress that wakes you up in the middle of the night, or stress that doesn’t go away after you finish a big project, you need to seriously consider finding a different position in the company or a totally different job. Ask yourself, does this job require the best use of my time and talents? If not, begin searching elsewhere.

Read More...

3 Ways to Grow as a Freelancer

More than ⅓ of our workforce are freelancers, according to the research firm Edelman Berland. That is 54 million Americans who have an independent approach to their employment.

A person who does freelance or contract work is defined as one who works by the hour, day or job without a regular salary from one employer. Although it can initially be stressful to procure jobs, this kind of employment grants the freedom to work your own hours with opportunities to negotiate higher rates.

Leif Wolcutt at Forbes.com recently shared three ideas to double your salary as a contractor.

Read More...

If you are in the hunt to find a job or change careers, you need to do well in your interview.

A recent article at ToughNickel.com listed 10 things you should never say in a job interview. Here goes.

How much does this job pay?

Typically, money is not discussed during the first interview. If, at the end of the session the interviewer should ask what salary you expect, give a realistic range of salaries you can accept without pricing yourself out of the job or limiting your earning possibilities.  

What does your company make or do?

Do your research before the interview. Find the company online and learn as much as you can.

Read More...

Learning Lessons from Losing $4.5 Billion

Originally posted at Christian Post June 24, 2016.

To learn Biblical answers to your financial questions, you can AskChuck your questions by clicking here. Questions used may be lightly edited for length or clarity.

Dear Chuck, 

I have been fascinated by the news stories about the embattled founder of the medical testing company Theranos, Elizabeth Holmes, who lost $4.5 billion – BILLION – and it is really hard to understand how someone can go from the top of Forbes richest people list to the bottom. Is there Biblical advice on how to avoid that kind of rise and fall? I have a business that I operate and I want to avoid that kind of disaster.

Working Hard for the Money

 

Dear Working, 

Thank you for the question. I’ve been fascinated by the story as well, which has all the drama of a Greek tragedy, and some lessons for those who want to create their own “unicorns” – an industry term for start up companies valued at over a billion dollars. Perhaps the whole tragedy could have been averted if a little more of Biblically recommended caution had been applied by those who first heard about the venture. 

As Christians we are urged to “be wise as serpents and innocent as doves.” (Matthew 10:16). Theranos founder Elizabeth Holmes told the world that she has built a better medical mousetrap – claiming she could revolutionize the world of blood testing, which impacts many people. But according to pending lawsuits, words and deeds did not match up. Blind faith is never a good thing in investing.

Read More...

Sometimes, the best solution to your financial struggle is to earn more income.

I really like this story that made Yahoo Finances’ list of most inspiring personal finance stories of 2015.

Last year, Kim Springer, 42, gave birth to her third child and made a dramatic decision about her career: After two decades working in a range of administrative roles in the medical field, she was ready to launch her own business. With a newborn, a toddler and a husband who was recently laid off, it wasn’t an ideal time to test out her entrepreneurial skills. But Springer took the last $500 in their savings account, enrolled in an online business and marketing webinar and six months later developed a unique business idea: a T-shirt business targeting a specific audience — married women of Christian faith.

Read More...

0 comments

Leave a comment