Friday, December 30, 2011

QuickBooks Tutorial - How to Account For Loans to Your Company

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Saturday, December 17, 2011

How To Write A Job Transfer Request - The Easy Way

!: How To Write A Job Transfer Request - The Easy Way

Learning how to write a job transfer request is a lot like writing a resume cover letter; the basics are the same. In a resume cover letter:

o You need to sell yourself and your abilities

o You need to communicate your points efficiently (ideally, in one page)

o You need to show the hiring supervisor what you can do for his or her division, and/or you need to show the company how the organization will benefit by placing you in the new position

The difference when learning how to write a job transfer request letter is that the ball is not always in your court; under optimal conditions, your company will be actively trying to fill a position, and your transfer is more like an internal application than a personal request. Just remember these tips on How To Write A Job Transfer Request to get it right. However, sometimes the need for a job transfer request is strictly personal - perhaps a family illness or change in personal circumstances is forcing you to relocate, and you are writing in hopes of moving your job to another location.

In any case, the first step in writing a successful job transfer request letter is to analyze the situation and know where you are starting from; this will help you set the tone for the letter and focus it accordingly.

When Applying For a Posted Position

If your job transfer request is in response to a job opening within your company, treat it like what it really is - an application with the benefit of company familiarity. Your really need to realize this if you want to know How To Write A Job Transfer Request...

In your letter,

o State straight off your purpose for writing

o Highlight your abilities and experience

o Clearly praise the company (without overdoing it) or you wont know How To Write A Job Transfer Request.

o Tell why you want to move up in the company

o Keep the focus on what you can do for the company without sounding like you are bragging

A condensed letter might look something like:

[Using proper business format]

Dear [Appropriate HR Contact or Supervisor],

It has come to my attention that [blank] department is accepting applications for the [state position]; I am forwarding my resume for your consideration.

I have worked for [this company] for [x] years, as a [position], and have found this to be a very well run organization, supportive of its employees; I would like nothing more than to continue my professional growth with this company as my career moves forward.

I have worked in several capacities here at [company], including [list]. Each experience has enhanced my skills and abilities; my current position has allowed to [list what you have learned]. These are skills that I feel would be very well suited to this position.

I look forward to continued growth within this company throughout my career and I thank you for your consideration.

Sincerely,

Signature

Name

Job title

When Applying For a Personal Transfer

Job transfer requests made for personal reasons have the disadvantage of not being made specifically to fill an open position. You have to sell yourself as valuable to the company - How To Write A Job Transfer Request - valuable enough that they would want to work cooperatively with you and keep you.

For this type of job transfer request, follow the above guide, and also state why you need to request a transfer. In addition to selling your abilities,

o Really play up your commitment to the company, and your desire to remain with them

o Highlight achievements and skills that would be sorely lost

o Explain why you need to request a transfer

o Be appreciative of what the company has done for you

o Offer a plan for transition which includes training a new person for your position

Here's an example:

Dear,

I am writing to respectfully request a transfer in location from [office A] to [office B]. A change in my personal circumstances necessitates this move. An illness in my family has made it necessary for me to relocate to [x]. Since I have been with this company for [x time], and have thoroughly enjoyed my employment here, I feel it is in the best interests of myself and of this company that I move operations, rather than leave the company altogether.

In my time here, you have known me to be a person who [list skills and attributes]. I would like to continue providing job excellence to this company, and hope that we are able to work together to find a solution that fits both of our needs.

I understand that this presents some difficulty for the current location, but I feel I can still be of service from this new location, and I am willing to work through [period of transition] to help train new personnel in my position.

I am very appreciative of my time here at [company], the experience has been very rewarding in many ways. I thank you for taking the time to consider my request and anxiously await your decision.

Sincerely

Signature

Name

Title

You should fee free to appeal to the human side of your employer, and be sure to include appropriate reasons why you are requesting a transfer; however, resist the urge to be plaintiff and keep this part of the request short - no one likes a whiner!!

The key in how to write a job transfer request that is effective is to balance your skills and assets with the needs of the company. Play up the angles that are open to you, but be careful not to come off as sounding presumptuous and arrogant; you want to be viewed as a valuable company asset, not a thorn in the side worth losing! In all job transfer requests, keep the focus on the company and its benefit as much as possible. Selling your invaluable self will surely get you the move you need!

I hoped you enjoyed this guide on How To Write A Job Transfer Request!


How To Write A Job Transfer Request - The Easy Way

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Tuesday, December 13, 2011

Small Business Loan Proposal

!: Small Business Loan Proposal

Applying for a small business loan can be exciting and yet stressful at the same time. For the best results and to heighten your level of confidence, be prepared when you visit the lender you've chosen for your business loan interview. After you have your business plan prepared, start preparing for the loan by writing a loan proposal to present to the lender.

The loan proposal should state some crucial information, and many details, about both yourself and your business or business idea. It should state who you are, how much money you need and where the money will be spent, how you intend to repay the loan, and what you plan on doing in the even that you cannot repay the loan.

The following are key elements to include in your loan proposal.

1. Summary.

This should be listed first in your proposal, but will be written last. It should contain clear, concise, accurate, inviting information about your business or your business ideas. It should summarize how the proposed loan will be used, how it will be repaid, and how it will benefit your business. Remember your competition in the summary of your loan proposal, and point out features of your business that are different from your competitors.

2. Management Profiles.

The management profile section of the loan proposal should explain, most importantly, who you are. Be prepared to reveal everything about yourself and your experience. Have a current resumZ included as part of the loan proposal, as well as a summary of your skills, qualifications, and other credentials for yourself, as well as for all other owners and key members of your management team.

3. Business Description.

It's not necessary to state the same information mentioned in your business plan as in your loan proposal. However, you do need to present a solid description of the business. Include a brief history of the business in your loan proposal, and detail the current activities. If it's a new business, explain the details of the business that will be developed. Your goal will to be to clearly demonstrate that you fully understand your markets, your competitors, and the industry, including current trends or risks and how you plan to overcome those potential dilemmas. If the loan is for an existing business, include literature that details your products or services, such as current sales sheets, brochures, or catalogs. Include attachments to your loan proposal for this section, such as letters from suppliers, customers, or other business references. Demonstrate through these letters that you provide excellent customer service, and that you pay back your creditors.

4. Business Projections.

Create at least two years' worth of projected income statements and cash flow statements. Your projections should be clearly stated and, most importantly, realistic in nature. Generally, you probably won't need to present the "worst case" or "best case" scenario unless the lender asks for you to write the projections that way. You should, however, be prepared to answer questions pertaining to what you'll do if some of your projections don't work out as planned. For example, if you anticipate obtaining a large, new contract or customer based on improvements made with the business loan, and that contract never goes through, it could change your loan proposal projections drastically.

5. Financial Statements.

Your loan proposal should include both business and personal financial statements. Be aware that the lender will fully analyze the history of your financial statements, calculating all ratios. Be prepared to point out any significant trends you've shown in an introductory paragraph.

6. Loan Purpose.

One of the most important parts of your loan proposal is a detailed description of how you will use the loan proceeds. Have a good understanding of the type of loan that you need, and remember to include the proceeds of the loan in your cash flow projections, as well as the interest in your projected income statement.

7. Repayment Plans.

Repayment plans should also be stated in your financial projections section of the loan proposal, but details of repayment plans should be detailed separately. Propose the terms you want, and prepare for negotiations with the financial institution. The lender will consider a number of factors as they review the overall risk of lending you the money. Understandably, this will impact the repayment terms that they are willing to offer for your business.

Especially if your credit is good, and even if your credit is not so good, remember that in your loan proposal, you are offering the bank a deal that will make them money. Don't go in asking the lender for an "allowance." Instead, enter the interview with your loan proposal objective in mind; namely, focusing on how much money you'll need, and remove the idea of going into the meeting wondering how much they're willing to lend. Never go into a meeting asking for a loan, wondering whether or not they'll lend to you. If this first lender won't approve your loan proposal, have confidence that a different will.


Small Business Loan Proposal

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Wednesday, December 7, 2011

Unsecured Personal Loans - Why Choose Them?

!: Unsecured Personal Loans - Why Choose Them?

With so many different loans to choose from, what would make people choose unsecured personal loans? One of the deciding factors may be that you don't have to put up any collateral when you take out an unsecured loan.

Unsecured loans do not use your property as security for the loan; lenders only rely on your obligation and also your ability to pay. For a number of people, this type of loan is a lot more appealing as they don't have to worry about lenders having any rights over their home. As well as homeowners who don't want this, unsecured loans are also suitable for people who don't own their own home like renters or council tenants as they don't need a property for security as secured loans require.

Of course there are risks involved with all loans and this one is no different. So that the lenders know they will get the money back and as quickly as possible, they will charge customers a much higher interest rate than a loan that needs security from a property.

Another down side of unsecured loans is that they take a little longer to arrange than other loans. This is because lenders will thoroughly check your credit details due to there being no other security needed for these loans. Your credit history and your credit rating will all be checked carefully to determine what sort of customer you will be.

When choosing your loan, make sure you take time to consider your options and circumstances properly. Read the agreement properly because if there are any other costs, this is where you will find out about them. It is also in the agreement where you will find out about any early settlement charges that the lenders apply. This is a charge for paying back the loan earlier than the date agreed and they can sometimes be quite considerable.


Unsecured Personal Loans - Why Choose Them?

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