7 Careers for People Who Like Helping Others

Are you the type of person who will always go out of your way to help somebody in need? If you see a stranger crying on public transport, are you the person who goes over to them to see if they are okay? Could you not imagine walking past somebody in pain and not doing something to help? While most of us help others when it is needed and we are in a position to do so, some people want to help even more. People will always need help – it’s human nature – and there are several career options that you could consider if you want to spend your life working to make things better for the people around you. There’s nothing quite as rewarding and satisfying as a career where you get to make a difference to the lives of others every day in a real way.

Public Safety

Working in a career in public safety gives you the chance to go to work every day and make your country a safer place for your fellow citizens. A career in public safety can cover a wide range of different aspects including border control, law enforcement and crime prevention, emergency management and national security. In this line of work, you are likely to have some influence over policies that relate to the public safety of the country and will take part in research and testing to strengthen security. Learn more about the public safety degree available from Wilfred Laurier University here.

Policing

Becoming a police officer and working in law enforcement may be an ideal choice of career for anybody who wants to spend their time at work fighting crime and making their area a safer place to be. Along with proactively going out to tackle crime and take criminals off the streets, police officers also work to support victims of crime and provide education in communities such as visiting schools to conduct talks and lessons. Police officers have a huge amount of responsibility to act in an ethical way and need to be the type of person who can cope well under pressure. In this job, no two days are going to be the same and things could change at a moment’s notice so you will need to be somebody who can adapt quickly.

Nursing

Working as a nurse is often seen as the ultimate job for people who want to help others. In this role, you will be directly working with people who are sick and going through some of the toughest times of their lives. Nurses work in a wide range of settings including hospitals, clinics and doctor’s offices to provide healthcare and support to people who are sick or have been injured and their families. As a nurse, you will not only be able to easily find work wherever you go in a wide range of different settings but there are also more opportunities for advancement in this career. With a master’s degree in nursing, registered nurses can go on to become nurse practitioners, managers, leaders and more.

Counselling

If you enjoy talking to others and helping them get through tough times just by being there for them, working as a counsellor or therapist might be the ideal career path for you. As a counsellor, you will be talking one-to-one with individuals, couples and families who need some help with a situation that they are going through or with improving their mental health and wellbeing. In this role, you can specialise in a range of areas such as helping people get over depression and anxiety, working with people who have been through a traumatic experience or helping couples improve their relationship or marriage.

Personal Trainer

If you enjoy health and fitness and want to help other people get the most from their diet and exercise routine, working as a personal trainer can be an ideal choice for those who want to help others and keep fit at the same time. Personal trainers might work as an employee in gyms and fitness centres or self-employed with their own gym or paying home visits to their clients. Unlike many of the other career options on this list, a personal trainer does not always need to get a degree to start in this line of work and there are various certifications both online and offline that you can complete to get started.

Teacher

If you like the idea of helping children get the best start in life through learning, becoming a teacher could be the ideal career choice for you. Teachers are essential to society as all children need to go to school and learn the basics to set them up for a successful future. In addition to being the main source of learning for children of all ages, teachers are also the people that tend to have the most influence over a child’s life as they grow, second only to parents. This means that working as a teacher is a huge responsibility; however, it’s also very rewarding to see the children that you teach grow up to be healthy, responsible and successful adults.

Social Worker

Social workers are tasked with working with vulnerable people of all age groups. In this role, you might be working to support disabled people with finding work and somewhere to live, supporting children who are from troubled family backgrounds or working with the elderly among others. Social workers are often essential in family court cases and work to make sure that the most vulnerable members of the family are safeguarded against harm and abuse. You may find yourself working with vulnerable victims of crime to help them get the support that they need, or with the perpetrators of crime themselves when they are vulnerable and need additional support to be rehabilitated.

If helping other people is your passion in life and you can’t imagine doing a job where you don’t get to make a difference, consider these career options that are all about helping and supporting your fellow citizens.

 

Signs That Your Company Might Face Turnover Problems Soon

The last thing you want to happen is seeing many employees leave the business. You worked hard to recruit these talents, trained them, and you want them to stay loyal. However, if they start to leave, you have to look for replacements. It’s a waste of time and resources. Therefore, even before these employees leave, you should do something about it. Here are the signs that your company might soon face turnover problems.

Your employees aren’t as productive as they used to

Productivity can help gauge your employees’ level of interest. If they work hard and produce the best results, it’s a good sign. If they start to slack off and fail to produce the expected outcome, something must be wrong. Check how motivated your employees are to deliver. If they no longer care about the business, it’s a sign that there could be a massive exodus soon.

Your top employees are starting to leave

You might not worry when low-level employees are resigning. It’s natural for them to come and go. These people are still testing the waters, and they might decide to leave if they don’t like what they get. They’re also easy to replace, but you can’t say the same with top employees. If you already have some of your management team members submitting resignation letters, it’s alarming. It could even lead to other employees doing the same. Management posts are hard to replace, and training new people is also a tall order.

Your employees are generally unhappy

Once you step inside the office, you will feel the overall mood. When you hear loud chatters and laughs, they’re a good sign. Your employees have a reason to smile and are content with the work environment. Once it starts to feel gloomy, you should feel alarmed. No one wants to be in the workplace anymore. Consider hosting a funfair hire like the ones offered by www.wearetricycle.co.uk to bring everyone’s spirits up. Offer bonuses and other incentives to employees who do an excellent job. Change the mood right away if you don’t want to see people leaving the team.

Your competitors are doing better

It’s a common practice to hire the best employees from a successful company. However, loyal employees won’t easily let go. If they’re happy with the job, no amount of money can make them move. However, if your business isn’t doing well, it’s a terrible sign. No one wants to have anything to do with a failing business. Your top employees might leave for that reason. Once you notice that your competitors are inching their way up, try harder to prevent it from happening.

A high turnover rate shows how unsatisfied your employees are. You can’t let it happen. Make sure you give them a reason to stay. Talk to your employees if necessary. Protect the most significant assets in your team. Starting over again and training recruits will be more expensive and time-consuming. It also depicts a poor image if you can’t keep your team.

Image: https://unsplash.com/photos/46bom4lObsA

 

 

How to Start Your Career in Computer Science

Computer science is an innovative and dynamic industry that offers a wide variety of rewarding job roles. Computer science graduates are in huge demand and enjoy fantastic career prospects along with attractive job perks such as high earning potential and flexible work schedules.

Here are some steps you should follow to launch your computer science career and achieve your professional goals:

Complete a computer science degree

Most computer science roles require a bachelor’s degree or higher, e.g., a master’s or a P.h.D. A computer science degree will teach you core computer science principles in areas like computer theory, coding pattern recognition, networking, and machine learning. You will also complete placements as part of your studies to build hands-on industry experience.

Once you graduate with a computer science degree, you will be able to apply for a wide range of computer science roles. According to U.S. News, some of the top roles for computer science degree-holders are as a data scientist, software tester, web developer, and network architect. Take the time to research various roles in the computer science industry.

You have the option to attend a traditional campus-based degree program or complete classes online via distance learning. Worcester Polytechnic Institute explains how their online master’s in computer science can usually be completed in five semesters. Online learning is the ideal flexible solution for students who are working or have family commitments.

Build hands-on experience

Building hands-on experience is the best way to prepare for a career in computer science. Most computer science degree programs allow students to complete a work placement with a local organization during the course. You can also build your experience by volunteering or completing practical projects while you study.

Work placements and internships will give you insight into the industry and help you choose which area of computer science you want to specialize in. You should try and complete a variety of placements across a range of computer science settings. Start gaining relevant experience early and be proactive when it comes to building your portfolio of work.

Get the most out of your placements by asking lots of questions, going the extra mile to impress employers, and making an effort to build meaningful relationships. Connections made during placements may help you secure employment once your graduate. Take a look at this article by International Study for tips on how to get the most out of work experience.

Choose a computer science specialization

Computer science is a broad industry, and you can choose to specialize in various sectors. You should explore the different specializations and pick an area that suits your skills, interests, and preferences. You can learn about the different computer science specializations by doing individual research or completing work placements.

Here are some common computer science specializations to consider:

  • Artificial intelligence (AI)
  • Networks
  • Game design
  • Computer graphics
  • Information security
  • Software engineering

Enter computer science competitions

Entering computer science competitors is a fantastic way to build your experience and show off your skills to potential employers. Computer science competitors can be an exciting way to challenge yourself and create impressive material to include in your resume. Many computer science competitions also offer attractive rewards such as cash prizes or scholarships.

Earn computer science certifications

You can earn additional certifications to improve your skills and credentials in most computer science specialties. For example, a Project Management Professional (PMP) certification will demonstrate that you have the skills and expertise to lead projects and teams. Visit computerscience.org to learn more about computer science certifications.

Research what relevant certifications are available and consider completing any courses that will enhance your resume and make you stand out in the hiring process. Many computer science certifications can be completed online, meaning you can earn the qualification alongside work and other commitments.

Write a compelling resume

Computer science degree-holders are in high demand, and most graduates find employment quickly. That said, you will still need to write an impressive resume if you want to stand out from the competition and resume the best jobs. Statics show that 24% of hiring managers spend less than 30 seconds reading a resume, so you don’t have long to impress!

Here are some tips to help you write a compelling resume that will impress hiring managers:

  • Be specific about your qualifications and level of experience.
  • Highlight relevant achievements, e.g., that you won a computer science competition in high school or achieved the highest grade in your class first year of college.
  • Don’t forget to mention important soft skills such as teamwork and the ability to collaborate with colleagues.
  • Check your resume for spelling mistakes and grammatical errors.
  • Customize your resume for each role that you apply for.

Ace your interview

When you get invited to an interview, you must present yourself in the best possible light and go the extra mile to impress hiring managers. Do as much research as you can on the company before you attend the interview and have some questions prepared for the interviewer. This will demonstrate that you have a genuine interest in the company and role.

It is a good idea to prepare answers to typical interview questions such as “tell me about yourself” or “why do you think you’re the right person for this role.” You will find the interview process much less intimidating if you prepare beforehand and feel confident. Dress professionally when attending interviews and bring any documents requested by the interviewer.

You should emphasize your skills during the interview but avoid exaggerating your abilities or knowledge. Be honest about your limitations and explain how you plan to expand your skills in any areas that you’re not familiar with, e.g., by completing computer science certifications.

Conclusion

Computer science careers are lucrative, abundant, and rewarding. Professionals with technical skills are in high demand, and computer science degree-holders enjoy fantastic career prospects and job perks. Follow the above steps to start your career in the rewarding field of computer science.

 

Essential Equipment for Your Landscaping Business

If you have a burning passion for all that is garden design, or a bright idea for a fantastic new brand, then pouring your efforts into making your landscaping business thrive could be the ideal avenue for you.

It takes more than a blissfully creative mindset, however, as the tools and equipment required to take on the biggest jobs range from the tiny to the tremendously large.

If you have the business plan, the ambition and the drive to get your enterprise up and running, here are some essential tools you may want to add to your collection.

Riding Mowers

Landscaping usually involves a great deal of mowing, and to get the highest level of precision possible, in the fastest and most efficient form, commercial lawn mowers are a must-have.

They are ideal for seamlessly navigating around obstructions, while still treating the lawn to the haircut of a lifetime. Moreover, you can save yourself a huge amount of time and energy when sat in the driver’s seat of a comfortable landscaping solution.

The Basics

It is important to get the basics covered if you expect to be delivering an all-encompassing service. Some of the essentials include hand trowels, shovels, garden forks, dibbers, rakes, pots, and of course, a decent pair of gloves.

A wheelbarrow is also incredibly handy to have around, as you will likely need to dispose of garden waste on a regular basis, and moving it one handful of twigs each time can take forever.

A great alternative to the wheelbarrow is a mini electric dumper, as this can help save you a great deal of physical strain, and it is a relatively cost-effective piece of easily transportable and reliable equipment.

Safety Gear

Along with a pair of thick gloves to protect your hands from any nasty thorns and toolkit accidents, investing in reliable safety gear is essential in protecting yourself in the heat of the action.

This might include safety goggles, hard hats and steel toe-capped boots, and making sure your overalls are sufficiently able to protect you is crucial.

Shredders and Wood Chippers

Disposing of waste material is a big part of the landscaping job, unless of course you decide to outsource that aspect. If you have the means to do so, however, this can make your services much more desirable, as having to wait for an external company to come and complete the removal can draw out the process significantly.

Shredders and wood chippers are great pieces of kit for breaking down excess material into manageable sizes. Better still, you can use the freshly chopped wood as natural flowerbed decoration or in some cases, as a superb fertilizer.

A Van

This may seem painfully obvious, but a van is usually an integral component of a well-maintained landscaping business.

Without the means to transport your equipment properly, or dispose of mess, you will likely find your business is confined to your local street.

It might be worth thinking about leasing or hiring a van, as this might prove economically beneficial in the long term.

 

Can I Wear Slides to Work?

Choosing appropriate work attire, especially footwear, can be extremely tricky. Wearing dress shoes and high heels daily can put a strain on your feet. Unfortunately, things get even worse in the summertime because you have to deal with high temperatures on top of everything else.

But can we get away with wearing something as casual as slides to our workplace? The answer depends on your employers.

If they employ a strict formal dress code, casual clothes and footwear are out of the question. If, however, the dress code is more lenient, dare we say casual, feel free to play around with stylish pieces to create interesting but work-appropriate looks. We can’t think of a reason why your clothes can’t reflect your personality.

To help you with that endeavor, we have compiled a list of suggestions for successfully styling your work outfits.

Minimalism Sells

Simple, understated outfits will never steer you wrong. While donning tracksuits to work might be a bit much, you can always create a clean look with a nice pair of jeans and a striped top. This will create a flawless base you can easily work with by adding gold jewelry and a pair of green slides that don’t look too laidback.

Freedom Moses shoes come in various colors and finishes, so you’ll be able to find a pair that is work-friendly. Trust us; the final result will be more than satisfactory.

Monochrome Elegance

Another simple way to introduce slides into your work wardrobe is through monochrome outfits. These outfits are quite easy to put together; just be mindful of their style.

For example, all black or all white looks have been extremely popular these past few seasons.

Combine a non-fitted loose shirt, skinny jeans, a minimalistic bag, and your favorite pair of comfy shoes, and there you go, your sleek work outfit is all done.

Professional Slacks and Dresses

If you’re the kind of person who likes to dress up for work, we’ve got your back. Combining dressier pieces with a pair of slides is a very good way to create a perfectly balanced outfit.

The key to successfully pulling this off is picking your best power slacks or a semi-formal dress and pairing them with the casual footwear of your choosing.

In this case, a polished pair of summer footwear will work much better than going for heels or sandals. You can add a blazer on top to make your outfit even more business appropriate.

Nature-Inspired Fashion

Nature-inspired outfits have gained quite a following over the past few years. What’s more, people put a lot of thought into selecting pieces made from sustainable or recyclable materials.

Freedom Moses’ footwear is recyclable and completely vegan, so it goes perfectly with this philosophy.

For a nature-inspired outfit, stick to greens, blues, and earth tones. Go for a linen dress or pants and pair them with some green slides and a straw tote bag to complete the look.

The best degrees for career stability

Career stability isn’t what it used to be. Back in the day, you could land yourself a guaranteed job and stick with it until retirement. This is becoming less and less common, with more redundancies and higher unemployment. Anyone that has experienced job insecurity will know that it’s not a happy time. Being unemployed or constantly thinking about getting laid off is bound to cause stress. So, what career should you pick if you want a stable and guaranteed job? This guide will look at some of the most stable careers out there.

Accounting

Every business needs an accountant. Whether they’re a one-man operation or a multinational conglomerate, they need someone (or a whole team) to help them balance the books. It’s just part of the cost of doing business. Some people might tell you that with the increase of automation, there is less demand for accountants, but this isn’t the case. In fact, the predicted growth of the accounting profession is around 10% over the next 10 years. One of the best things about being an accountant is that you can move easily between different industries. You don’t need to know a product or service inside out to balance the books. This makes it much easier to pick up a new position.

Teaching

The world will always need teachers. This noble profession has been around since records began, and it’s growing all the time. It’s also one of the most secure professions there is. A good teacher can easily pick up a job wherever they go. From kindergarten to high school, teaching is a rewarding job that offers new challenges every day. College teaching isn’t as stable, thanks to the higher competition and specific entry requirements. However, if you can get tenure, you can enjoy complete job security.

Doctors/ Dentists

If you really want to give back to your community, and you have the grades to do it, working in healthcare is one of the most rewarding professions there is. It’s also really well paid. However, if you’re just chasing money and success, you should consider an easier path. Becoming a doctor or dentist requires years of hard work and dedication. And, you might not make it all the way.

Nursing

Nursing is a slightly easier path into healthcare and is just as rewarding as being a doctor or dentist. With accelerated nursing programs, you can get fully qualified in as little as 16 months. However, don’t think that the life of a nurse is an easy one. They often have to work long and arduous shifts, pick up a lot of the slack and deal with some seriously traumatic situations. If you can hack it, you will get the opportunity to help a lot of people. Plus, you will always be in high demand.

Software Development

We’re living through the Age of Information, and software developers are on the front lines. If you’re serious about tech and you want to make your mark in the internet age, becoming a software developer is an exciting and well-paid career. With the right skills, you can be part of the machine that is making this world a better place to live. Plus, as a software developer, you can pretty much work from anywhere in the world.

Care

If you’re worried about robots taking over, you should pick a career that’s safe from automation. Working in care is something that will always be done by humans. Sure, it’s not the most glamorous career choice, but it is extremely rewarding and easy to find work. You will work with the most vulnerable people in society and help them get through the day-to-day.

Computer Science and Information Technology

This covers a lot of the other computer-based positions available. If you’re a tech geek with a knack for picking up new skills, a career in computer science and information tech is an excellent choice. It covers everything from network administrators to web developers and everything in between. This is one of the fastest-growing industries in the world, so it’s a great place to be if you’re looking for job security.

Engineering

This is one of the most stable career paths around. In a world that is constantly being built, there is always a demand for engineers. Be warned, though; you will need some pretty solid grades in mathematics and science. Plus, you’ll need an appropriate bachelor’s degree. However, once you’ve gained all the right qualifications, you will be almost guaranteed a job.

Police Officers and Detectives

If you’re looking for a stable career, you should definitely consider joining the police. There will always be crime, and there will always be a need for people to keep the peace. It’s not an easy job and comes with its fair share of stressful situations, but it can be extremely rewarding. Police officers and detectives also benefit from strong unions and great pensions. That means you can secure your retirement without having to save extra money.

Truck Drivers

Some people think that all cars will eventually be self-driving. That may be true but being a truck driver is a great job for the time being. Goods need to be moved around the country, and there is always a demand for drivers. If you fancy a life out on the open road, you should consider this career. Be warned, though; it can be a lonely life if you’re not great at being on your own.

Military Careers

Fancy a career serving and protecting your country? Then perhaps a military career is right for you. You will benefit from amazing job stability, but the career also comes with some significant downsides. For example, you will have to leave your family for months at a time, and you might have to go and serve in a dangerous and unstable region. On the plus side, you can work your way up the ranks, earn decent money, and travel the world whilst getting paid. It’s one of the most exciting and adventurous careers around, but it’s not for everyone.

 

How to Nurture Engagement in Your Business

Employee engagement is vital for a business to perform to its full potential, but what is it, and how can you nurture it?

Read on to better understand why an engaged employee is such an asset and how you can foster engagement within your team.

What is employee engagement?

Employee engagement is when a member of staff is not just working for the paycheck. They understand they have an important role to play and care about the company and how it is viewed by the outside world. They carry out their work to the highest standard and are prepared to go over and above the call of duty to help improve the business.

They don’t behave in this way because they are scared of repercussions or because they are expecting an extra reward; they do it because they are engaged.

How do you create an environment where employees do their very best not because they have to but because they want to?

Nurturing employee engagement

There’s no single solution to creating an engaged work ethic within your business; rather, there are many smaller changes to implement.

Here are a few key areas you need to get right.

Provide effective communication

Keeping your team informed means, they could better understand the business’s current performance, what has worked well, and if any problems are arising.

This honest communication makes team members feel like just that, part of the team. They feel valued and understand they play an important role in the success of the business.

Recognize achievements

Rewards for outstanding work are a nice perk, but to simply have achievements recognized both in one-to-ones with a manager or among the whole team, if appropriate, shows their hard work does not go unnoticed. A thank you from the right person can go a long way in the workplace.

Show trust

Trusting your staff to get the job done, working creatively, and managing their own workloads shows you value their talents and believe in their ability to work effectively.

Of course, this doesn’t mean you simply leave everyone to their own devices and offer no support, just that you are allowing them the space to get on with their job without a manager breathing down their neck.

Creating an environment where employee feedback is welcomed also reinforces to employees that their value is recognized.

Both of these things build trust and grows employees’ confidence in themselves.

Create an attractive work environment

You can create an attractive work environment by giving the office a fresh and welcoming design, providing the latest technology, offering staff perks such as free gym membership, and delivering the right training when needed. The best HR and payroll systems can monitor staff performance, and training needs to make sure nothing slips through the net.

Taking care of your employees’ wellbeing shows, you care about them. It proves you are invested in creating a happy workforce and that you want to reward your people for their skills and effort.

So there are many things tied up in nurturing engagement. From building trust, raising smiles, rewarding hard work, and building team spirit, no single thing on its own will work, but find the perfect blend of all of them, and you will reap the benefits of a fully engaged workforce.

 

Pro Tips for Stock Research

Stocks are a form of investment that allows an investor to own part of a company. There are many reasons why companies sell shares to investors. It is pertinent as an investor to do your due diligence before buying in a company.

Stock Research

Stock research is a lot like buying a car or a house, and you need to look at all features from technical to personal preferences. You discover things like insider stock ownership changes that might affect the stock’s value by doing research. Also, you get to put a company under a microscope to determine if it is worth adding to your portfolio. Here are a few tips for researching a stock.

Get Your Stock Research Materials

A company’s financials is the right place to begin your research. The financials are among the crucial determinants of whether you get to buy a company’s stock or not. Going over the annual report helps you gain more knowledge about a company. Annual reports also help give you the future growth outlook of the company.

You can get more financial information from a company’s documents such as Form 10-K and Form 10-Q. Companies are required to file them by the U.S Securities and Exchange Commission. Your brokerage’s firm website may provide you with the information needed. Through research, you compare the company’s performance against the competition to get the best candidate for your investment.

Focus on Important Investing Metrics

There are other sectors of a company that you must research before committing your money. Narrowing your focus helps you not get lost in all the numbers in financial reports, research in smaller portions of the industry such as.

  • Revenue. This is the money brought in by a select company during a specific period. Such information is put in income statements referred to as ‘top line.’ Revenue is broken down into operating revenue, which is gotten from its core income and running business. The other one is nonoperating revenue which comes from one-time business deals. Operating revenue is the one you must look into with keen interest.
  • Net Income. This is similar to the gross salary for an employee. After all the necessary deductions like taxes and operating expenses, the total amount made is the company’s net income. Such information helps you point out the best investment opportunities.
  • Earnings and Earnings Per Share (EPS). The earnings of a company roughly translate to its capital, and there are many ways in which companies use their profits. Some reinvest, while others use it to pay their shareholders in the form of dividends. Earnings Per Share is dividing earnings by the number of shares to be traded. This process shows the company’s profitability in terms of individual claims. It helps you compare with other companies on the best to put your dollars in for great profitable returns.

Look Beyond the Numbers

Researching stock is more than considering the valuation metrics. Many factors determine how a company is run or its profitability. As a self-reliant investor, it would be best to look into all those factors. It is better to invest in a profitable business than a cheap stock; apart from a business’s financials, you should also watch.

  • Durable Competitive Changes. As a long-term investor, it is good to know if the company you are putting your investment dollars in will sustain its value over time. An economic moat is a name given to analyzing a business’s model before buying stocks.
  • Management. A company is only as good as its leadership team. Proper management is required for ensuring a company’s success. You should scrutinize the management of a company before deciding to invest.
  • Industry Trends. It is wise to look into a company’s long-term growth prospects to get good returns on your investment. Put your money in industries with great potential to grow significantly in the coming years.

Look Into Qualitative Research

Qualitative research is meant to answer the big-shot questions a self-reliant entrepreneur must ask. You must look at the sources of income of the business and the industry’s competitive nature advantage concerning the select company.

Considering all that could go wrong in the business, it is an excellent strategy to apply when researching the company. Study the business’s history for a while to determine a pattern of consistency or inconsistency. Always remember, you buy a stock to own part of the company not only because the stock could go up.

 

What’s the Difference Between a Credit Union Business Account and Personal Account

If you’re considering starting your own business, congratulations! That’s exciting news, and it’s bound to be a thrilling time for you. But it may seem overwhelming at times as well. After all, there are a lot of decisions to be made, from choosing the right name for your business to finding the perfect location to open up a business checking account.

Wait a second, you may be thinking. Why can’t I simply use my personal account to do business? That would simplify things, right?

Well, not exactly. There are quite a few differences between a credit union personal account and a credit union business account. Hang tight—we’ll explain the importance of having separate accounts for your personal and business affairs.

Opening Your Account

Oftentimes, there are different requirements for opening a credit union business account versus opening a credit union personal account. For instance, if you’re opening a personal checking account, you may simply be required to become a credit union member, provide identification, and make a qualifying deposit.

On the other hand, you’ll need additional documentation to open your credit union business account. The documents required may vary depending on your business and the account type, but generally speaking, you’ll need to provide a copy of your business license, your certificate of assumed name, partnership agreements, and organizing documents filed with the state.

If you’re in the early stages of development and need some help getting your business up and running, check out these steps outlined by the Small Business Administration. Notice that opening a business account is the last step on this list. By taking care of the other steps first, like registering your business and applying for the necessary licenses and permits, you’ll be all set when it comes time to set up your business account.

Benefits

So if business accounts require extra documentation and completing all these steps before you can even get around to opening one, you may be thinking, “Why even bother? I would prefer to just do business from my personal account instead.”

But business bank accounts, and in particular, credit union business accounts, have a lot of great benefits that you’ll miss out on if you don’t open one. In fact, not having one could actually hinder your business.

“How so?” you ask. Well, for starters, a lot of people feel more comfortable writing checks or making payments to an actual business account rather than a personal account. Having a business account makes you appear more professional and trustworthy, which will help you expand your customer base.

Opening a business account will also allow your business partners to access funds in the account and complete transactions.

It’s important to have a business account if you plan on applying for financing as well. Even if you have all the start-up capital you need, you may decide that you want to grow and expand your business over time. If so, you’ll likely want to have business financing options available. But you’ll need to have a business checking account in order to qualify for a business loan.

Taxes

Even if your business is a sole proprietorship, you should still keep your business and personal funds separate. This makes it easier to keep track of expenses and profits, which is important when it comes time to do your taxes.

For instance, if your business is ever audited, you will have a clear record of your business transactions to help you account for any losses or deductions you claim. On the other hand, if you don’t have a separate account for your business transactions, it may make it more difficult for you to differentiate your business from a hobby. If the IRS views your money-making venture as merely a hobby, you’ll have a hard time deducting any business expenses.

How a Credit Union Business Account Gives You an Edge

Another great aspect of credit union business accounts is that they come with a more hands-on approach. Many credit unions, for example, are community-based so they have a vested interest in seeing your small business succeed.

For instance, here at Rivermark, we want to be more than simply a financial resource. We want to be your business partner at each stage of the process, from inception to expansion. In order to do that, we partner with industry leaders to bring you additional services to help your business grow.

We also want to provide you with the tools and education you need to take your business to the next level. That’s why we maintain an up-to-date business resources page. It features helpful tips on everything from hiring your first employee to managing your cash flow effectively.

This is really what sets credit unions apart. It can even be instrumental in giving your business an edge over the competition. Credit unions offer personalized attention, and community-based credit unions, in particular, have a deep understanding of the community’s wants and needs. This knowledge and expertise can be incredibly useful in helping you determine how to market your business to prospective clients.

A Successful Start

In the end, credit union personal accounts and credit union business accounts function in very similar ways. Both allow you to write checks, make deposits, and even accrue interest on your account balance. But ultimately, a credit union business account will give you more flexibility and credibility as a business owner than a personal account will.

If you want to optimize the success of your business, having a dedicated business account is key. We can help you open one to streamline your business financing needs. If you feel you’re ready to explore opening a credit union business account and you’re in the Portland area, we would be happy to help. We have a switch kit that makes becoming a credit union member quick and easy.

 

All You Need To Know About Renting Out a Property

Renting out a home can provide you with an income which is especially important given the current state of the global economy. Indeed, if you are the owner of a rental property, then you should be aware of a number of top tips that you can implement, if you are looking for a tenant. However, if you are unaware about how to go about the process of renting your property, you should be aware that a number of local estate agents will be able to assist you throughout the process. Furthermore, it is important to understand that you should remember a number of important factors if you are thinking about renting out a property in the near future. For more information about companies that can provide assistance with renting out your property, you should think about consulting an online business directory as you will be able to identify a variety of companies that you can contact.

Carry out research

One of the main features of an agent finder service is that you can compare pertinent information about the housing market in a particular area. Indeed, if you are wondering how do I rent out my property, then you should be aware that a number of local agent finder services are available on the Internet. By comparing the price of the various properties that are similar to yours in a particular area, you can determine if the amount of rent you want to charge is too high or too low. This is especially pertinent if you are looking to rent a property and you do not live in the local vicinity as you may not understand the intricacies of the local housing market.

Prepare the property

Another important tip that you should implement if you want to rent out your property is to prepare it to make sure it looks as good as possible while you could use a property management company to ease your own maintenance burden. Furthermore, you should also determine whether you want to rent a house as a furnished or unfurnished property while you should also be aware to clean the property before any prospective tenants come and visit. This is especially pertinent if you will be renting the property by yourself, while if you are using a specialist real estate agent you can rest assured they will carry out all aspects of the process.

Understand the law

Another important factor that you should consider when you are thinking about renting out a property is to understand the law. By understanding all of the local regulations that are in operation in a particular area, you can ensure you fulfil your responsibilities as a landlord. This is especially pertinent if you are looking to rent a property while you have to always ensure you are compliant with the law in a particular area.

Therefore, in conclusion, if you are thinking about renting out your property in the near future, you should consider a number of factors, while contacting a specialist real estate agent in a particular area can also assist you throughout the process.