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Self Repayment Plan
Self Repayment Plan is a do it yourself approach to debt consolidation. If you do not want to hire a debt consolidation company and want to consider debt consolidation on your own, self repayment plan is for you. With the correctly cherry picked steps, you will be able to overcome debt. Budgeting plays a very crutial role in self repayment plan. You will need to add up your earnings and expenses in a given month and figure out where the extra green has been spent and aggressively work on reducing the expenses. In some situations, a part time job might just be the answer to pay off your debts and earn a debt free living. If you are determined to find a solution to your debt problems, self repayment plan is your best bet. If the plan is set up correctly and you are motivated enough to follow you, you will start to see results within a few months.
Debt Settlement
Debt Settlement involves negotiating with your creditors on your debts. Either you can do it yourself or hire a debt settlement export to do it on your behalf. Debt settlement companies specialize in reducing or eliminating debt via the debt settlement process. A good negotiator will be able to reduce your balance as much as 40%. Most of the reputed debt settlement companies will be candid about their fees but make sure you understand the fee well enough so there are no hidden surprises later on in the debt settlement game.
Debt consolidation loan
If you have multiple debts to be paid off, debt consolidation might work well for you. For example, you may have credit card debts, auto loan, boat home, personal loan, store cards etc. All these can be consolidated into a single loan with a very low interest rate. These loans with low interest rates are debt consolidation loans. The entire purpose of a debt consolidation loan is to lower your monthly interest and thereby reduce your monthly obligation. You can also consider extending your repayment period to lower your monthly obligation on this loan.
Online Business Education and Operational Risk Management Training
Small Business Owners need to be 1st Class Team Leaders!!
Technically the people who work for you are employees.
I much prefer to think of them as team members.
As a business owner, technically you are the employer.
I much prefer to think of you as the team leader.
In my consultancy work I have found that poor team leaders are fairly common amongst small business owners. A poor team leader does not help their team members give of their best. In this situation team members don’t get much encouragement to be interested in what they do from day-to-day; they don’t get a chance to use their accumulated knowledge and experience; no one seems to be interested in what they think, little own how they feel. Sad to say, I do actually come across this (a bit more often than I would like).
The good news - It isn’t too hard to become a 1st Class Team Leader. If you would like to be a 1st Class Team Leader review these points and use any point that may be helpful.
Here’s some ideas that can help poor leaders turn their destructive reactions into constructive actions:
1.Don’t Criticize. Sure, every human being can be wrong!
Instead of being critical, commend the person on their efforts and explain that although the action/idea has merit, in this case it doesn’t seem to fit in with what you had in mind. You can also point out that in another situation it might be just the right thing. Your team will appreciate your behaviour and happily go onto the next task.
2.Don’t Blame. Sure, someone made an error!
Instead of blaming that someone for their error look at why that error was made. De-personalise it from the person to the task. Think about whether they had the right information, the right direction, the right tools, a proper understanding of what was wanted. Think about whether or not this team member was actually capable of doing the task. Don’t accuse them of being responsible for the error, ask them what happened that caused the error. Handling a problem this way allows people to learn from an error, without being accused of it being their fault. The team member will appreciate the opportunity to learn and your understanding of their need to learn.
3.Don’t shut them down. Sure, you might be busy right now!..
When you shut some one down you’re are really saying to them – you are not important. A team member doesn’t necessarily know when you are too busy to talk to them or deal with their query. Instead of saying something like - I’m too busy or instead just ignore them, do something constructive. All you need to do is acknowledge them and say something like – I can’t stop right now but give me until 1:00 and I’ll call past your desk. OR, I’ll made a time with you, come to my office at 1:00. Do we need more than 10 minutes? Check for urgency though because if it’s really urgent for the team member, then it’s probably urgent for you (or his supervisor) and should be dealt with straight away. This way no damage is done to either party. The team member happily moves on with their work, knowing their concern will be addressed soon.
4.Don’t shout. Sure, you might feel angry!
Shouting in the workplace is not a very effective way to communicate. It’s not the ball park where shouting is OK. Most people, in fact I’m sure all people, react negatively to being shouted at while they work. It’s better to say nothing than to shout. If you are justifiably angry find a way to cool off before you say anything. Come back when you’ve cooled down and deal with the situation sensibly. Keep negative forces out of your workplace and benefit everyone by demonstrating and experiencing positive behaviour.
5.Don’t be rude. Sure, you may feel they don’t deserve you!
This is simple. No one has the right to be rude to someone else. Never be rude and you will earn their respect, without even trying.
When you are a 1st Class Team Leader of your small business you can never learn too much about the best way to empower your employees. It is an ongoing and developing process. Every leader who is a business owner you wants to have a responsive and productive team and you can if you avoid the pit falls like those above.
Be honest with yourself and think through these 5 Top Ways to Empower your Employees. Take advantage of FREE online business educations and maximise your Operational Risk Management training.
More small business owner’s success tips from me are at
Empower Your Employees
Elaine Masters
Business Consultant & Coach
Online Business Education
Operational Risk Management Training
Master Your Business