My New Credit Card

Are you one of those people that gets caught up with planning and ends up doing nothing? Do you do too much and plan not enough?

We all fall under one of those categories when it comes to starting a business, making money on the side, or crushing student credit card debt. They say that an ounce of action is worth more than a ton of theory. Then theres also the argument that if you fail to plan, you plan to fail.

One thing that Ive struggled with is creating an actual business plan. Ive always been a fan of working hard and making money. I just never outlined a clear process for doing so. I guess you could say that I treated free as a business model. In reality, free is not a business model by any stretch of the imagination. You dont have to ready any sort of business plans for dummies book to realize that you need a clear outline for how you plan on making money.

I always figured that if you build it, they will come. I thought that starting an online business was about putting out a well-designed blog and propping it up with high quality articles. The

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Businesses in the current economic climate are no doubt constantly reviewing their business plans to ensure continued success in 2012 and beyond. However, it’s also important for business owners to bear in mind that changes to plans may impact their business insurance policy.

When a policy is first set up, the insurer will ask a series of questions to help determine which insurance product is right for you. But businesses often change over time and it’s important not to wait until your insurance policy is up for renewal before you tell your insurer.

MORE STOCK/CONTENTS

One key area of most business insurance policies relates to business contents, which covers the cost of replacing or repairing your trade contents and stock in the event of an incident such as a fire, malicious damage or theft. If you have decided to extend your product range, or you are simply holding more stock, you’ll need to consider the value of the contents, taking into account all equipment, and raise the level that you are covered for.

PRODUCTION OF NEW PRODUCTS/SERVICES

It’s important to inform your insurer if you are planning to diversify into new markets with new products or services. When th

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In late-2010 I wrote about lifestyle design. The topic of starting an online business has been pretty popular around here. Ive been exploring the idea of working online and traveling the world ever since I read the 4-Hour Workweek and become a huge fan of the idea.

The last time I wrote about starting an online business and traveling the world I received some interesting comments. Since Studenomics is more about you guys than me, I wanted to share what you guys had to say about the idea of lifestyle design and starting an online business. Im going to share what everyone had to say and then let you guys form your own opinions on lifestyle design and starting an online business.

Sunil wrote in with some thought provoking points about both sides of the coin on lifestyle design:

This is an interesting article and I can understand both sides to the argument equally well. I had a career that I loved, but at the end of the day there are inherent limitations that come with it. You cant call all your own shots.

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Are you planning to buy a term plan for less than 50 lacs of sum assured? I would suggest better take it for more than 50 lacs sum assured and there are two main reasons for it- which I will share with you in a moment. A lot of people who want to split their life insurance cover into 2 policies, split it in such a way that the sum assured of both the companies are below 50 lacs.

For example- If you want to take a cover of 80 lacs, you might want to take 40 lacs from first company and another 40 lacs from some private company, or any similar combination. But did you know that the premium you would be paying can get you much more sum assured than you had imagined. It might be the case that you can take 60 lacs life cover from each company you were planning and still pay the same premium. So now lets see in detail those 2 reasons why you should be taking a sum assured of more than 50 lacs from a particular company.

Have you ever noticed how the premiums for online term plan keeps on increasing till you move upto 50 lacs, but the moment you reach 50 lacs and move beyond, the premium suddenly reduces?

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