Keep The Business Under Control
When you go through all the hiring process and pick the right candidate and hire them, once they start working for you, you will know what the rewards they deserve are. It will be easy to adjust the rewards you want to give them because you would have asked the candidate before hiring what they are expecting from the company. This doesn’t mean that you are bending too much towards your employees, it just simply means that if they work hard, they will get what they deserve and what they are expecting. This will make things clear to both you as well as the candidate which will set a foundation for a long time.
Managing time is another type of challenge that every business faces. This is considered as the biggest problem that entrepreneurs face because they have to manage so many things and deal with them in so less time. They always feel that there would a lot of things that they could achieve if there was more time.
Just like how money needs to be earned and managed, time also needs management and planning smartly as to how you are going to utilize your time is the key. Here are some steps you can follow
- Listing your goals: Make a list of all the goals you want to achieve in your lifetime. You can further break them down into goals you will be achieved every year, then break it down to every month and finally every week which goal you will achieve. Once a goal for each week is set, the tasks that need to be done every day in order to achieve these tasks within a week can be specified. Lastly, all you need to do is stay on the same path and get everyday tasks done so that your life goals are right on track.
- Suppose there is a task that you need to do but it doesn’t lead you to your goal, eliminating it would be a good idea since it will be just time to consume to finish it. If it is necessary that the task has to be performed, assign it to someone.
- Search for the tasks that can be assigned to others in order to be completed on behalf of you. In this way, you can concentrate on other important tasks.
- Whenever you are performing some task, ask yourself whether this is the right time to do this.
How to manage your joint account in case of a divorce
There are several benefits to having a joint account but when relationships turn sour, things become complicated and in certain cases downright ugly if you have a vindictive partner. Hence, it is always better to know what happens to a joint account in the event of a divorce.
Your responsibilities in a joint account
Everyone who owns a joint account must realize that each party is liable to 100% of the debt and not just 50%. Hence, if your partner ever empties the coffers and you wish to close the account you can do that only when you clear all the debt incurred jointly even if you do not stay together anymore. What usually happens in most cases is that the control of a joint account invariably rests in the hand of the main breadwinner which can be disastrous for the other spouse. Despite the law stating that both parties are responsible when one party is absconding with the money, the other spouse automatically becomes responsible.
What should you do in the event of a break-up
If one of the partners is unscrupulous then the other can end up in a financial mess. Hence, it is better to inform your creditors and the bank as soon as possible of a break up so that your account can be frozen and no withdrawals can be made until both partners are present or have consented. This will not affect the pre-agreed payments and they will continue to be deducted as scheduled.
A common advice that most attorneys give their clients, especially if you are unemployed is to withdraw sufficient money to cover your basic needs before filing for a divorce because once you file a case your account will be frozen and you will not be able to withdraw any cash even to meet your daily expenses.
How your finances are divided will depend on the laws of the state you live in. but whatever the case do not remove more than 50% of the funds from the account. Based on the individual case you might be asked to even return the withdrawn funds.
How to safeguard yourself
You can open a new separate account by informing the court and your spouse about it to prevent any misunderstanding and legal complications via financial declaration. This will ensure that all your paychecks reach your account and away from the spousal reach. In case you need extra income during these stressful times you can invest in an automated trading robot like Ethereum Code which is known to provide decent returns.
Remember tough times never last but tough people do.