We’ll discuss what information should be included in your invoice, how to create one, and the pros and cons of using an invoice template versus software. You’ll also learn the answers to some frequently asked questions. Create a Solid Template When choosing an invoice template for your small business, consider your industry and specific needs when billing customers and clients. Prioritize picking a template that has a clean layout and is simple to read and understand....

What Is Situational Leadership? Situational leadership involves adapting a leadership style to best motivate team members and meet the needs of the organization. This style is fluid, always changing as the environment dictates. It requires the leader to be able to assess the needs of his team and the business, and adjust his management style accordingly at any given time. The paradigm of situational leadership was developed in the 1960s by management professor Paul Hersey at Ohio State University....

While loan applications can seem daunting, Form 413 can be managed by tackling it with organization and concrete steps. By gathering the necessary information before beginning the form, and making sure the information provided is complete and accurate, Form 413 will become simply another step on your way to an SBA loan. Here’s what you need to know. What Is SBA Form 413? Form 413 is one of the most important factors when it comes to approval of an SBA loan....

Can You Finance an Airbnb Business? There are several different options for financing an Airbnb business. Keep in mind that it can typically be more challenging to procure funds for an investment property destined to be rented than a property bought as the borrower’s main residence. This is because lenders often consider it to be a riskier investment and in general require a higher cash deposit to secure its financing. From a lender’s point of view, if money runs tight, you’re more likely to continue paying the bills on your main residence and your second home will probably be less of a priority....

Further, some of the most successful entrepreneurs have stumbled before they hit upon their winning idea. Do you remember Traf-O-Data, Virgin Cola, or Oswald the Lucky Rabbit? Probably not—which would come as no surprise to Bill Gates, Richard Branson, or Walt Disney, respectively. Transition From Self-Employed to Full-Time Employee Regardless of why you’re seeking corporate sponsorship, the transition from entrepreneur to employee can be rough. The Balance Careers spoke with Octavia Goredema, award-winning career coach and the founder of Twenty Ten Agency, and Dawn Rosenberg McKay, career specialist and resume consultant at DRM CareerHelp, to learn more about how to successfully manage this transition....

Types of Managed Accounts An investment advisor may manage a portfolio of stocks, which is often referred to as a “separately managed account.” An investment advisor may also manage a portfolio of mutual funds; if this mutual fund management service also covers the brokerage fee costs, it is called a “wrap account.” A financial advisor may recommend you invest your money in both separately managed accounts and wrap accounts; in which case, you may be paying several layers of investment fees....

Get some tips on how to compare mortgage products, understand how paying points works, and learn ways to improve your financial situation so you can score the most competitive rates. Shop Around Wondering how to find the best mortgage rate? Shopping around is key, especially with a purchase as large as a home. You’ll want to get a few different loan preapproval letters so you can compare rates and make sure you’re getting the best loan for your situation....

Finding Your Federal Student Loan Balances You can always access student loan information through your My Federal Student Aid account, where you can find your federal student loan balances under the National Student Loan Data System (NSLDS). This is the U.S. Department of Education’s central database for student aid, and it keeps track of all your federal student loans. You’ll need a Federal Student Aid ID username and password to log in to the site....

The key might be as simple as taking the time to identify the source of the problem. You can begin to fix it from there and take control of your finances. Budgeting Problems You might be having budgeting problems if you’re consistently running out of money before you run out of month, and you find yourself relying on credit cards to make ends meet. You look at what you earn and wonder why it doesn’t seem to be enough to cover all your bills even though you earn a good salary....

This permit is officially known as an Employment Authorization Document (EAD), which enables a non-citizen to work in the U.S. Employees are required to prove that they are authorized to work in the U.S., and employers are required to verify the identity and eligibility of all new employees. Foreign Nationals Permitted to Work in the U.S. There are several categories of foreign workers permitted to work in the United States, such as permanent immigrant workers, temporary (non-immigrant) workers, and student/exchange workers....

Whether you’re a new business owner or a veteran returning for a refresher, here’s a closer look at common strategies to implement on your business plan objectives. What Is a Business Plan Objective? A business plan objective is a specific goal you hope to reach with your business. This may be a number of customers, revenue, or profit goal, among others. There are no right or wrong business objectives, in theory, but it’s important to take the time to pick the best goals for your unique business if you’re going through the work to create business plan objectives....

However, even the best-written and most persuasive cover letter is useless if you make one mistake: Fail to feature your contact information in the right place, and you’ll lose the reader’s attention before you get a chance to impress them further. Contact Information Elements in a Cover Letter You should add key identifying details about yourself whether you’re preparing a written or an email cover letter. Your information (for both written and email letters) should indicate:...

While many home businesses can be very small, they face the same types of risks as larger businesses, such as fire damage to property, lawsuits, and auto accidents. To protect themselves from losses, most will need property and liability insurance. Property insurance will protect your company from financial losses caused by damage to equipment, machinery, and other property your business owns or rents. Liability insurance, meanwhile, will cover claims against your business by customers and other third parties for bodily injury or property damage....

Competitive Economy Spain’s economy is primarily focused on services (74.2%), industry (23.2%), and agriculture (2.6%). Within these sectors, the country hosts many large multinational companies, including renewable energy operator Iberdrola and telecom firms like Telefonica and Movistar. The 2019 Global Competitiveness Report listed Spain as being ranked 23rd overall in terms of sustained economic growth and 7th most developed in terms of infrastructure. These rankings place it ahead of developed economies like China, Italy and Portugal, with its high-speed rails system and highly developed technological infrastructure....

Performance reviews can be used to justify raises or promotions or to request additional responsibility, so it’s important that your performance is accurately documented. With a healthy amount of upfront planning, an annual performance review can be a positive experience that can further your career. Keep a Log of Your Goals and Accomplishments Properly preparing for your annual performance review throughout the year, not just a week or two before it occurs, can lessen any surprises and increase the likelihood of a productive, successful meeting....

You must report the income on your personal tax return and you must pay both income tax and self-employment tax (Social Security/Medicare) on this income. Why Did I Receive a 1099-NEC Form? You probably received a 1099-NEC form because you worked for someone during the past year but not as an employee. For example, if you got paid as a freelancer or contractor, the person you worked for is required to keep track of these payments and give you a 1099-NEC form showing the total you received during the year....

There are many reasons why employers might want to see these documents, ranging from simple background verification to confirmation that you have the skills and experience necessary for the job. In some industries, it’s a longstanding requirement. For example, government jobs often require a certain education level. But when you’re applying for jobs, it’s not really important why an employer wants to see your transcript. Your goal is to provide a complete application as soon as possible....

In response to the death of George Floyd, a Black man killed when a Minneapolis police officer knelt on his neck for nearly nine minutes during an arrest, people are rushing to donate to organizations and individuals fighting racism. For making those donations, the common advice applies: Research charitable organizations online and verify their legitimacy using tools like Charity Navigator and the Better Business Bureau. However, those conventional guidelines are not enough in a world of grassroots social media campaigns that rely on Venmo, Cash App, GoFundMe, and other crowdfunding or peer-to-peer (P2P) payment platforms....

Laws that have to do with short sales vary by state. For instance, some states require lenders to forgive any leftover balance after a short sale, while others allow lenders to still collect that money. People who are thinking about a short sale should get to know their own state’s laws and seek legal and financial counsel to find out if a short sale is the best course of action for them....

Review information on how to determine if you’re eligible for unemployment, guidelines for qualifying for benefits, how to file a claim, and what to do if your claim is denied. Qualifying for Unemployment Benefits How can you tell if you’re eligible to receive unemployment? Each state sets guidelines that determine whether an individual will be eligible for unemployment benefits, and how much compensation they will receive. There are eligibility requirements to qualify for unemployment benefits, including having worked a certain number of weeks for a certain number of hours each week....