20 Jobs Which Pay More Than $100K

For many of us, a six-figure job might seem out of reach. After all, the average annual pay across all occupations is $47,230, according to the Bureau of Labor Statistics (BLS).  However, that doesn’t mean you have to settle for average.

Here are 20 jobs that pay six-figure salaries, and what it takes to get them.

1. Air Traffic Controller

If you can handle the stress of directing airline flights and traffic at airports, you can make good money as an air traffic controller.

The average pay is $118,870, but the top 25% of earners make more than $150,000, according to the Bureau of Labor Statistics.

You need a bachelor’s degree or work experience to become an air traffic controller, and you must be a U.S. citizen. You also have to pass background and medical checks, and take a course at the Federal Aviation Administration academy.

2. Airline Pilot

The average pay for airline pilots is $131,760, but the top 25% of earners make more than $160,000, according to the Bureau of Labor Statistics. The number of jobs for airline pilots is expected to grow 5% by 2024.

To become an airline pilot, you typically need a bachelor’s degree. You also need to complete coursework in physics, aeronautical engineering, mathematics and English as well as obtain a license from the Federal Aviation Administration.

3. Anesthesiologist

Doctors who administer anesthesia earn a whopping $246,320, on average — the highest wage listed in the Bureau of Labor Statistics database. However, salaries for anesthesiologists can top $400,000, according to a compensation survey by the Medical Group Management Association.

Becoming an anesthesiologist requires years of school: 4 years at the undergraduate level, then 4 more years of medical school. Then, you have to complete 4 years of residency, possibly followed by a fellowship for another year, according to the American Society of Anesthesiologists.

4. Architectural and Engineering Manager

This job involves planning and coordinating activities or research and development in architectural or engineering fields. These managers are paid $138,720, on average, but the top 25% of earners make more than $162,000, according to the Bureau of Labor Statistics.

Competition for these jobs is strong, but employment in this field is expected to grow slightly over the next several years. You need at least a bachelor’s degree and 5 years of experience to be an architectural or engineering manager.

5. Chief Executive

A six-figure salary often comes with that corner office chief executives get. CEOs earn $180,700, on average, but that big paycheck comes with the big responsibility of overseeing the operations of an entire organization.

An MBA often is seen as the ticket to a CEO position, but plenty of chief executives got to their top spots without an advanced degree or even a college degree — the most famous of which is former Microsoft CEO, Bill Gates.

6. Computer and Information Systems Manager

There’s a growing demand for computer and information systems managers, who are paid an average of $136,280, but can make more than $187,000 per year, according to the Bureau of Labor Statistics. Employment of these managers, who coordinate computer-related activities for organizations, is expected to grow 15% from 2014 to 2024.

This high-paying job typically does not required an advanced degree — just a bachelor’s degree in computer or information science and related work experience.

7. Dentist

Dentist ranks as the second-best job — after orthodontist — because of its high salary, low unemployment rate and job satisfaction level, according to U.S. News & World Report. The average annual pay for dentists is $166,810, and employment in this field is expected to grow 18% by 2024, according to the Bureau of Labor Statistics.

It takes time to become a dentist, though. After college, you have to attend dental school and a residency program. Then you have to pass state licensing exams.

8. Financial Manager

Financial managers plan and direct accounting, investing and other financial activities for companies and organizations — and they make good money doing so. The average annual pay is $130,230, but the top 25% of earners make more than $159,000.

It’s also a relatively fast-growing job, with employment expected to increase 7% from 2014 to 2024, according to the Bureau of Labor Statistics. Typically, you can get this job with just a bachelor’s degree and several years of related experience.

9. Lawyer

The average wage for a lawyer is $133,470, but the top 25% of earners bring home more than $172,000 a year, according to the Bureau of Labor Statistics. The job outlook also is good, with employment expected to grow 6% from 2014 to 2024.

However, the stress level among lawyers is high, according to U.S News & World Report’s best jobs rankings. But, you don’t have to spend as many years in school as doctors do. After college, you have to complete three years of law school and pass a state’s bar exam and, in most states, pass an ethics exam.

10. Marketing Manager

Marketing managers make $137,400, on average, but the top 25% earners take home more than $171,000 a year. The job involves planning and coordinating marketing programs for organizations, identifying customers and overseeing product development. Most marketing managers have a bachelor’s degree in marketing, communications, business or a similar field.

U.S. News & World Report ranked marketing manager as the best sales and marketing job because of its high salary, number of positions available in the field and potential for growth.

11. Nurse Anesthetist

You can still pull in the big bucks without spending so many years in medical school if you choose to be a nurse anesthetist, who assists anesthesiologists and oversees patient recovery from anesthesia. The average annual wage is $158,900, but top-earners bring in more than $187,000 a year, according to the Bureau of Labor Statistics.

This job requires a bachelor’s degree in nursing, registered nurse licensure, at least one year of acute-care experience in an emergency room or intensive care unit, completing an accredited nurse anesthesia program and passing the national certification exam, according to the American Association of Nurse Anesthetists.

12. Pediatrician

Pediatrician is one of the top 10 best jobs in U.S. News & World Report’s rankings because of its high compensation, low unemployment rate and employment growth. On average, pediatricians earn $175,400 per year.

Although pediatricians earn less on average than what surgeons and some other doctors make, they have to go through much of the same training: four years in medical school and three years in a residency program. Those who specialize have to spend another two to six years in a fellowship.

13. Personal Financial Advisor

If you love personal finance, you can earn a comfortable wage helping others manage their money better. The average wage for personal financial advisors is $108,090, but the top 10% of earners make more than $187,000 a year, according to the Bureau of Labor Statistics.

The job entails providing advice on investments, insurance, taxes and retirement, as well as estate planning. It’s one of the fastest-growing careers — with the number of jobs in this field expected to grow 30% from 2014 to 2024. To be a personal financial advisor, you need a bachelor’s degree, or higher, and additional coursework for a certified financial planner or similar certification.

14. Pharmacist

The average annual pay for pharmacists is $118,470, but the top 10% of earners make more than $150,000, according to the Bureau of Labor Statistics. Employment in this field is expected to grow slightly over the next several years.

To become a pharmacist and dispense prescription medication to patients, you must complete college and a 4-year doctor of pharmacy degree. You must also pass 2 licensing exams.

15. Psychiatrist

Psychiatrists earn, on average, $182,700 annually, which is one of the reasons it is one of the top jobs in U.S. News & World Report’s rankings. Plus, jobs in this field are expected to grow by 15% over the next several years, according to U.S. News.

To become a psychiatrist, though, you have to complete medical school and a residency program, then complete a licensing exam and board certification.

16. Obstetrician and Gynecologist

You can make a lot of money delivering babies and treating diseases affecting the reproductive system of women. Obstetricians and gynecologists earn $214,750, on average, according to the Bureau of Labor Statistics. Like other medical careers, becoming an OB-GYN takes 4 years in college, 4 in medical school, then another 4 years of residency training.

17. Optometrist

This is one of the top 20 fastest-growing occupations because eye problems are common among older adults, who are a growing percentage of the nation’s population. The average annual wage for optometrists is $113,010, but the top 10 percent of earners make more than $187,000 per year. To become an optometrist, you have to complete a bachelor’s degree and a 4-year doctor of optometry program.

18. Oral and Maxillofacial Surgeon

In the field of dentistry, this is the top-paying job. Oral surgeons earn $219,600 a year, on average, performing surgery and other procedures to treat dental and medical conditions.

To become an oral surgeon, you must complete college, four years of dental school and an oral residency program that can range from 4 to 6 years. The 6-year route involves a medical degree, according to the American Student Dental Association.

19. Orthodontist

Orthodontist ranks No. 1 in the U.S. News & World Report best jobs list. You can make good money fixing crooked teeth — more than $200,000, on average. Plus, it’s a fast-growing occupation, according to U.S. News.

You’ll have to spend years in school, though, to become an orthodontist. In addition to an undergraduate degree, you’ll need to go to dental school and get 2 to 3 years of additional education in an orthodontic residency program, according to the American Association of Orthodontists.

20. Surgeon

Employment for surgeons is expected to grow 14 percent from 2014 to 2024 — a much faster rate than the average for all jobs, according to the Bureau of Labor Statistics. It’s also one of the highest-paying occupations, with an average annual wage of $240,440.

However, you’ll spend years in school and training before pulling in the big bucks. Surgeons must complete 4 years of college, four years of medical school, then 3 to 7 years in internship and residency programs.

Source: Internet

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Published in: on September 13, 2017 at 10:24 pm  Leave a Comment  

7 Tips on How to Stay Healthy and Look Younger Than Your Age

To stay healthy and look younger than your age, try and adapt the following habits in your daily routine:

  1. Keep stress under control by maintaining a positive attitude 🙂
  2. Practice Proper Skin Care Routine
  3. Get plenty of sleep (at least 7 hours each night)
  4. Eat fresh fruits and vegetables, whole grains, lean protein, fish and nuts
  5. Exercise regularly
  6. Protect your skin from the sun
  7. Maintain an active social life
Published in: on September 11, 2017 at 1:23 am  Leave a Comment  

10 Bad Things in Body Building

1. Not Drinking Enough Water

Dehydration of just 3% can cause a 10% loss of strength, hindering your training. Drinking enough water before, during, and after exercise can increase performance up to 25%. Drink ½ oz to 1 oz of water per pound of bodyweight per day to maintain hydration.

2. Not Getting Enough Sleep

It’s difficult to build muscle and burn fat without adequate sleep—seven hours a night, preferably eight. Sleep is when most of your hormones, such as growth hormone and testosterone, are released. Without adequate sleep, you’re sabotaging your efforts to build muscle and burn fat.

3. Not Warming Up

Generations of gym teachers and track coaches gave stretching a bad name by having us push against walls or pull one heal to our butt. So-called static stretching is most effective after a workout. Instead, activate your muscles by taking 5 or 10 minutes before training to perform an active warm-up consisting of movements such as walking lunges, planks, glute bridges, and marching in place. You’ll be better prepared for a great strength workout—and less likely to hurt yourself.

4. Doing The Same Routines

The body adapts quickly to even the most brutal workouts. That’s why it’s important to keep challenging it with different movements. It’s easy to fall into familiar routines in the gym. After all, you’ve no doubt mastered the movements and added more weight to the bar. But your body has been lulled into autopilot. Workouts should be like snowflakes, no two should be alike.

5. Focusing On Size And Weight

When it comes to muscle, people tend to focus on size and weight; the bigger, the better. But if a 200-lb athlete drops to 180lbs but maintains the same power and strength, his relative power has jumped through the roof. Cars, planes, and motorcycles have elite power-to-weight ratios. So do athletes. Train with the goal of having more lean body mass and less body fat, not more muscle and more weight.

6. Misjudging Protein Intake

Those who get the protein they need throughout the day maintain muscle mass and are leaner than those who don’t. Those who train don’t need more than 1g of protein per pound of bodyweight a day—less active people need less—and that should be spread out over five or six small meals. It’s a misnomer that you can’t eat too much protein. That’s because excess protein, especially from animal sources, has been linked to kidney stones.

7. Ignoring Stabilizer Muscles

If you’re focused on building a huge chest, arms, and legs, you could be ignoring your body’s foundation. Be sure to work in three planes of motion and strengthen the stabilizer muscles around your shoulders, hips, and midsection to build a powerful core, and provide protection against injury. Make medicine balls, physioballs, mini-bands, and rotational movements (lifting, chopping) part of your arsenal.

8. Not Maximizing Your Gym Time

Do you perform a set of 10 reps and wait two minutes before doing another? Make better use of your time and get better results with super sets. If you do a pushing exercise, like a bench press, follow it immediately with a pulling exercise, like a dumbbell row. While one set of muscles is working, the opposite set is resting. You’ll save time and perform better since the non-working muscles recover faster while their opposing muscles work. See how many sets you can do while the people around you are playing with their phones.

9. Forgetting Post-Workout

Your body is screaming for nutrients right after a workout, and the sooner you refuel the tank the quicker your body will recover and your muscles will grow. Your gym bag should include a post-workout recovery mix and a shaker bottle that you can mix immediately following the workout. If that’s too heavy a burden, pack a ready-to-drink protein drink. The sooner you refuel the better.

10. Not Incorporating Recovery

If you lift three or four days a week, you probably do little or nothing on the other days. Rest is a good strategy, but active rest promotes recovery. Rolling on a foam roller provides deep compression to roll out muscle spasms that develop over time. This allows the muscles to relax and loosen, gets the blood flowing, and helps the body recover more quickly.

Published in: on September 1, 2017 at 7:30 am  Leave a Comment  

Foods for Beautiful Healthy Hair

Blueberries, Strawberries, Kiwi, Tomatoes

  • Rich in Vitamin C
  • Helps Blood Circulation
  • Nourishes Small Vessels that feed the hair follicles

Exotic fruits may have lots of qualities, but when it comes to vitamin C, it is difficult to top this nutritional fruit.  Vitamin C is very important for blood circulation to the scalp and supports the small blood vessels that feed your hair. Too little C in your diet can eventually cause your hair to break.

Lentils, Kidney Beans, Soy Beans

  • Rich in Protein
  • Iron, Zinc and Biotin (protects from DNA damage)
  • Great nutritional element

Lentils are really full of protein, iron, zinc, and even biotin, and this makes them a great nutritional element for both vegetarians and those who eat meat and every thing else.

Salmon, Mackerel, Sardines, Trout, Avocado, Pumpkin Seeds

  • Rich in Omega-3 fatty acids
  • Vitamin D and Proteins

The flesh of this pink delicious fish is rich in omega-3 fatty acids, vitamin D and different proteins: all key elements to have vibrant hair.  Our body can’t make these fatty acids by itself, but these are really needed to grow hair.  A tiny percentage of the hair shaft is made up of these fatty acids, which are also located in the cell membranes in the skin of our scalp.  Introducing salmon in your diet can help integrating these beneficial acids in our body, helping our hair to grow healthier.

Spinach, Kale, Broccoli, Swiss Chard, Dark Leafy Vegetables

  • Contains folate, beta carotene
  • Rich in Iron and Vitamin C
  • Keep hair follicles healthy
  • Promote blood circulation

Spinach, among the other minerals and elements, contains folate, beta carotene, a good source of iron, and lots of vitamin C that I have just mentioned: these factors contribute to keep the hair follicles healthy and promote blood flow.

Walnuts, Walnut Oil in Salad

  • Rich in Omega-3 fatty acids
  • Vitamin E and Biotin (protects from DNA damage)
  • Contains copper to keep hair shining

Walnuts are the only type of nut that have a decent amount of omega-3 fatty acids, but also the other nuts they have of course.  They’re also rich in vitamin E and biotin, which helps protect our cells from DNA damage.  Biotin is extremely important for our hair, shafts and too little of it can lead to hair thinning.  These nuts contain also the mineral copper, which helps maintain the natural color of our hair.

Published in: on August 14, 2017 at 3:45 pm  Leave a Comment  

15 Places in the World Where You Get Paid to Live There

1.     ALASKA

Considering Alaska’s reputation of very cold and dark winters, periods during which the sun doesn’t set and lots of barren land, it’s no surprise that local officials have resorted to paying people to move there. Newcomers can take advantage of the Alaska Permanent Fund, which takes money earned from the state’s oil reserves to give back to the community. Alaskans get almost $2,000.

2.     BALTIMORE, MARYLAND

Baltimore has been losing local residents to more prosperous cities for decades. It’s trying to win people back with the Buying into Baltimore program. People get $5,000 toward the purchase of a home in the city. Every year, there are two events: A spring/summer event and a fall/winter event. Another incentive is the Vacants to Value. It gives people up to $10,000 to purchase a formerly vacant, renovated house.

3.     CHATTANOOGA, TENNESSEE

Chattanooga, one of the most underrated cities in the country, is the first city in the Western Hemisphere to offer 10-gigabit-per-second fiber internet service to all residents and businesses. Called “GigCity,” it lures young entrepreneurs who want to create their own startups. GeekMove was a 2011 incentive program designed to financially assist computer developers interested in relocating there. It no longer exists, but it did its job. The city continues to grow and has many up and coming startups looking for geek talent.

4.     CHILE

The government launched a program, Start-up Chile, which provides up to CL$60 million ($90,000) in equity free funding across their programs and over $100,000 of perks as a participant. The country is looking to become the business hub of South America.

5.     CURTIS, NEBRASKA

This is where you should move if you are a golfer. There is a possibility for a free lot at the Arrowhead Meadows, a 9-hole golf course. It is nestled in the Medicine Creek Valley, with the Medicine Creek meandering throughout the course. The trick is that you have to build the home.

6.     DETROIT, MICHIGAN

Detroit has been in a lot of trouble over the last several years. The city even filed for Chapter 9 bankruptcy in 2013. Many residents have moved away; some neighborhoods have been abandoned. But, as you know, when one door closes another one opens. Local official created an opportunity with the Challenge Detroit program. It encourages new career seekers and entrepreneurs to move to Detroit by paying them to live, work, play, give, and lead in and around the greater Detroit area for one year.

7.     HARMONY, MINNESOTA

The money people are paid comes in the form of cash rebate for new home construction. This small town has a population or just about 1,000 people. The Harmony Economic Development Authority (EDA) offers a cash rebate between $5,000 and $12,000 to people who build a home. Rebate amounts will be based on the final estimated market value of the new house.

8.     KAITANGATA, NEW ZEALAND

A town, no matter how small, with a population of about 750 will definitely want to attract more newcomers permanently. People won’t get cash but will get other financial benefits. They comes in the form of a home and land that are together worth no more than NZ$230,000. Jobs are also readily available, guaranteed. More than 1,000 need to be filled.

9.     KANSAS

Lincoln, for example, is investing in the future offering free home sites in a completely new subdivision. This is great especially for people who like the rural kind of life. Marquette, a small town of about 630 people, offers free building lots to families who want to live in “the heart of America.” Also, Rural Opportunity Zones are 77 counties that offer financial incentives to new full-time residents such as income tax waivers for up to five years and student loan repayments up to $15,000.

10. MAATSUYKER ISLAND, TASMANIA, AUSTRALIA

Work and housing are offered to people willing to move so far away—off the coast of Tasmania. The job is to take care of and live in the lighthouse and maintain the land and housing on the 460-acre isle. Observing the sea and swell conditions are also part of the responsibilities. The weather on the island is windy all the time and it’s cold for the most part.

11. MISHIMA VILLAGE, JAPAN

The village has come up with a very intriguing way of luring people there. Locals are targeting single people, who will get paid to go on dates. Japanese citizens will get 100,000 yen as moving expenses, as well as some money every month for the first three years of residence. If you have a child while there, you won’t have to worry about giving birth and education expenses. Everyone also gets a free cow.

12. NEW HAVEN, CONNECTICUT

As is the case with most cities who try to lure people there, New Haven is experimenting with home ownership incentives. People will get an interest-free, $10,000 assistantship to help cover closing costs or a down-payment on a home. It’s also 100 percent forgivable if the owners live there for five or more years. Make it eco-friendly and you’ll get up to $30,000. The city will cover up to full tuition to a Connecticut public college for any resident that graduates from a New Haven public school.

13. NIAGARA FALLS, NEW YORK

This is a popular place with tourists but not so much with people who are looking for a permanent home. One way the city is trying to make folks reconsider is by giving those with student loans about $7,000 to pay it off if they live in Niagara Falls for two years. You’ll have to live in a specific neighborhood though.

14. PITCAIRN ISLAND, SOUTH PACIFIC

The island is one of the most remote on Earth. About 60 people live there and they want more company. Newcomers will get land, totally free. You show up and you get the land. In 2015 only one person made the most of the opportunity. Probably because living there will be like being cast away. There is only one store and you’ll have to order anything you need from the mainland, which is 3,000 miles away, every three months.

15. SASKATCHEWAN, CANADA

It’s good to be a graduate student in Saskatchewan. They are reimbursed up to C$20,000. The goal is to encourage more people to go to school there, which should result in boosting the local economy. The rebate is paid out over seven years, provided you file your taxes in Saskatchewan. It is applied to reduce the amount of income tax residents owe.

Published in: on July 27, 2017 at 12:00 pm  Leave a Comment  

How To Reset Your Windows 10 Laptop

This article shows you how to reset your laptop running Windows 10:

On the Windows 10 Start menu, click the Gear icon and select “Settings”.

Select “Update & security”.

Click “Recovery” in the left pane.

Pick one of three options:

  1. Reset this PC
    This is the best option for starting fresh.
  2. Go back to an earlier build
    This option is made for Windows Insiders who want to roll back to a previous version of the OS.
  3. Advanced startup
    This option lets you boot off a recovery USB drive or disc.

Click “Get started” under “Reset this PC”.

Click either “Keep my files” or “Remove everything,” depending on whether you want to keep your data files intact. Either way, all of your settings will return to their defaults and apps will be uninstalled.

If you chose to “Remove everything” in the prior step, you can now select “Just remove my files” or “Remove files and clean the drive”.

“Remove files and clean the drive” will take a lot longer.  However, if you are giving your computer away, this will ensure the next person will have a hard time recovering your erased files.  If you are keeping the computer, you can choose “Just remove my files.”

In the “Warning!” screen, click “Next” to confirm that you won’t be able to roll back to a prior version of Windows.

Click “Reset” when prompted.  Windows will restart and reset itself.

Click “Continue” to exit and continue to Windows 10.

Enjoy your fresh Windows 10!

 

Published in: on July 23, 2017 at 3:12 pm  Leave a Comment  

Super Nintendo Classic Edition has been announced (with gameplay videos)! #SNES

Exciting news, gamers!  Nintendo has just announced the upcoming release of the Super Nintendo Entertainment System: SNES Classic Edition just a year after the release of their popular NES Classic Edition.

To hit the store shelves on September 29, 2017, the SNES Classic Edition is pre-loaded with 21 SNES classics, including:

  1. Contra III: The Alien Wars
  2. Donkey Kong Country
  3. EarthBound
  4. Final Fantasy III
  5. F-ZERO
  6. Kirby Super Star
  7. Kirby’s Dream Course
  8. The Legend of Zelda: A Link to the Past
  9. Mega Man X
  10. Star Fox
  11. Star Fox 2 (previously unreleased!)
  12. Street Fighter II Turbo: Hyper Fighting
  13. Super Castlevania IV
  14. Super Ghouls ’n Ghosts
  15. Super Mario Kart
  16. Super Mario RPG: Legend of the Seven Stars
  17. Super Mario World
  18. Super Metroid
  19. Super Punch-Out!!
  20. Yoshi’s Island

Gamers will also be delighted to learn that unlike the NES Classic Edition, the SNES Classic Edition comes with 2 wired controllers, meaning you can play multi-player games right out of the box!  Other accessories include an HDMI cable and a USB charging cable with AC adapter.

The SNES Classic Edition will hit the store shelves on Friday, September 29, 2017 at a retail price of $79.99 USD.

Published in: on June 26, 2017 at 8:18 pm  Leave a Comment  

How to Write a Business Plan

A business plan is an essential roadmap for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.

Your Business Plan should consist of these nine sections:

  1. Executive Summary – A snapshot of your business plan as a whole and touches on your company profile and goals.
  1. Company Description – Information on what you do, what differentiates your business from others, and the markets your business serves.
  1. Market Analysis – Before launching your business, it is essential for you to research your business industry, market and competitors.
  1. Organization & Management – Describe the organization and management structure for your business.
  1. Service or Product Line – What do you sell? How does it benefit your customers? What is the product lifecycle?
  1. Marketing & Sales – How do you plan to market your business? What is your sales strategy?
  1. Funding Request – This section includes the necessary information you should include in your plan if you are seeking funding for your business.
  1. Financial Projections – If you need funding, providing financial projections to back up your request is critical.
  1. Appendix – An appendix is optional, but a useful place to include information such as resumes, permits and leases.

This article describes the details of each of these nine sections.


1. Executive Summary

Your Executive Summary is a snapshot of your business plan as a whole and touches on your company profile and goals.

The Executive Summary is often considered the most important section of a business plan. This section briefly tells your reader where your company is, where you want to take it, and why your business idea will be successful. If you are seeking financing, the Executive Summary is also your first opportunity to grab a potential investor’s interest.

The Executive Summary should highlight the strengths of your overall plan and therefore be the last section you write. However, it usually appears first in your business plan document.

What to Include in Your Executive Summary

Below are several key points that your Executive Summary should include based on the stage of your business.

If You Are an Established Business

If you are an established business, be sure to include the following information:

  • The Mission Statement– This explains what your business is all about. It should be between several sentences and a paragraph.
  • Company Information –Include a short statement that covers when your business was formed, the names of the founders and their roles, your number of employees, and your business location(s).
  • Growth Highlights– Include examples of company growth, such as financial or market highlights (for example, “XYZ Firm increased profit margins and market share year-over-year since its foundation). Graphs and charts can be helpful in this section.
  • Your Products/Services —Briefly describe the products or services you provide.
  • Financial Information– If you are seeking financing, include any information about your current bank and investors.
  • Summarize future plans– Explain where you would like to take your business.

With the exception of the Mission Statement, all of the information in the Executive Summary should be covered in a concise fashion and kept to one page. The Executive Summary is the first part of your business plan many people will see, so each word should count.

If You Are a Startup or New Business

If you are just starting a business, you won’t have as much information as an established company. Instead, focus on your experience and background as well as the decisions that led you to start this particular enterprise.

Demonstrate that you have done thorough Market Analysis. Include information about a need or gap in your target market, and how your particular solutions can fill it. Convince the reader that you can succeed in your target market, then address your future plans.

Remember, your Executive Summary will be the last thing you write. So the first section of the business plan that you will tackle is the Company Description section.


2. Company Description

Your Company Description provides information on what you do, what differentiates your business from others, and the markets your business serves.

This section of your business plan provides a high-level review of the different elements of your business. This is akin to an extended elevator pitch and can help readers and potential investors quickly understand the goal of your business and its unique proposition.

What to Include in Your Company Description

  • Describe the nature of your business and list the marketplace needs that you are trying to satisfy.
  • Explain how your products and services meet these needs.
  • List the specific consumers, organizations or businesses that your company serves or will serve.
  • Explain the competitive advantages that you believe will make your business a success such as your location, expert personnel, efficient operations, or ability to bring value to your customers.

Next, you’ll need to move on to the Market Analysis section of your plan.


3. Market Analysis

Before launching your business, it is essential for you to research your business industry, market and competitors.

The Market Analysis section of your business plan should illustrate your industry and market knowledge as well as any of your research findings and conclusions. This section is usually presented after the Company Description.

What to Include in Your Market Analysis

Industry Description and Outlook – Describe your industry, including its current size and historic growth rate as well as other trends and characteristics (e.g., life cycle stage, projected growth rate). Next, list the major customer groups within your industry.

Information About Your Target Market – Narrow your target market to a manageable size. Many businesses make the mistake of trying to appeal to too many target markets. Research and include the following information about your market:

  • Distinguishing characteristics – What are the critical needs of your potential customers? Are those needs being met?  What are the demographics of the group and where are they located? Are there any seasonal or cyclical purchasing trends that may impact your business?
  • Size of the primary target market – In addition to the size of your market, what data can you include about the annual purchases your market makes in your industry? What is the forecasted market growth for this group?

How much market share can you gain? – What is the market share percentage and number of customers you expect to obtain in a defined geographic area? Explain the logic behind your calculation.

Pricing and gross margin targets – Define your pricing structure, gross margin levels, and any discount that you plan to use.

When you include information about any of the market tests or research studies you have completed, be sure to focus only on the results of these tests. Any other details should be included in the Appendix.

Competitive Analysis – Your competitive analysis should identify your competition by product line or service and market segment. Assess the following characteristics of the competitive landscape:

  • Market share
  • Strengths and weaknesses
  • How important is your target market to your competitors?
  • Are there any barriers that may hinder you as you enter the market?
  • What is your window of opportunity to enter the market?
  • Are there any indirect or secondary competitors who may impact your success?
  • What barriers to market are there (e.g., changing technology, high investment cost, lack of quality personnel)?

Regulatory Restrictions – Include any customer or governmental regulatory requirements affecting your business, and how you’ll comply. Also, cite any operational or cost impact the compliance process will have on your business.

Once you’ve completed this section, you can move on to the Organization & Management section of your business plan.


4. Organization & Management

Organization and Management should include:

  • Your company’s organizational structure
  • Details about the ownership of your company
  • Profiles of your management team
  • Qualifications of your board of directors

Who does what in your business? What is their background and why are you bringing them into the business as board members or employees? What are they responsible for? These may seem like unnecessary questions to answer in a one- or two-person organization, but the people reading your business plan want to know who’s in charge, so tell them. Give a detailed description of each division or department and its function.

What to Include in Your Organization & Management

  • Who’s on the board (if you have an advisory board)?
  • How you intend to keep them there?
  • What kind of salary and benefits package do you have for your people?
  • What incentives are you offering?
  • How about promotions?

Reassure your reader that the people you have on staff are more than just names on a letterhead.

Organizational Structure

A simple but effective way to lay out the structure of your company is to create an organizational chart with a narrative description. This will prove that you’re leaving nothing to chance, you’ve thought out exactly who is doing what, and there is someone in charge of every function of your company. Nothing will fall through the cracks, and nothing will be done three or four times over. To a potential investor or employee, that is very important.

Ownership Information

This section should also include the legal structure of your business along with the subsequent ownership information it relates to. Have you incorporated your business? If so, is it a C or S corporation? Or perhaps you have formed a partnership with someone. If so, is it a general or limited partnership? Or maybe you are a sole proprietor.

The following important ownership information should be incorporated into your business plan:

  • Names of owners
  • Percentage ownership
  • Extent of involvement with the company
  • Forms of ownership (i.e., common stock, preferred stock, general partner, limited partner)
  • Outstanding equity equivalents (i.e., options, warrants, convertible debt)
  • Common stock (i.e., authorized or issued)
  • Management Profiles
  • Experts agree that one of the strongest factors for success in any growth company is the ability and track record of its owner/management team, so let your reader know about the key people in your company and their backgrounds. Provide resumes that include the following information:
  • Name
  • Position (include brief position description along with primary duties)
  • Primary responsibilities and authority
  • Education
  • Unique experience and skills
  • Prior employment
  • Special skills
  • Past track record
  • Industry recognition
  • Community involvement
  • Number of years with company
  • Compensation basis and levels (make sure these are reasonable — not too high or too low)
  • Be sure you quantify achievements (e.g. “Managed a sales force of ten people,” “Managed a department of fifteen people,” “Increased revenue by 15 percent in the first six months,” “Expanded the retail outlets at the rate of two each year,” “Improved the customer service as rated by our customers from a 60 percent to a 90 percent rating”)

Also highlight how the people surrounding you complement your own skills. If you’re just starting out, show how each person’s unique experience will contribute to the success of your venture.

Board of Directors’ Qualifications

The major benefit of an unpaid advisory board is that it can provide expertise that your company cannot otherwise afford. A list of well-known, successful business owners/managers can go a long way toward enhancing your company’s credibility and perception of management expertise.

If you have a board of directors, be sure to gather the following information when developing the outline for your business plan:

  • Names
  • Positions on the board
  • Extent of involvement with company
  • Background
  • Historical and future contribution to the company’s success

Next, move on to the Service or Product Line section of your plan.


5. Service or Product Line

What do you sell? How does it benefit your customers? What is the product lifecycle?

Once you’ve completed the Organizational and Management section of your plan, the next part of your business plan is where you describe your service or product, emphasizing the benefits to potential and current customers. Focus on why your particular product will fill a need for your target customers.

What to Include in Your Service or Product Line

  • A Description of Your Product / Service
    Include information about the specific benefits of your product or service – from your customers’ perspective. You should also talk about your product or service’s ability to meet consumer needs, any advantages your product has over that of the competition, and the current development stage your product is in (e.g., idea, prototype).
  • Details About Your Product’s Life Cycle
    Be sure to include information about where your product or service is in its life cycle, as well as any factors that may influence its cycle in the future.
  • Intellectual Property
    If you have any existing, pending, or any anticipated copyright or patent filings, list them here. Also disclose whether any key aspects of a product may be classified as trade secrets. Last, include any information pertaining to existing legal agreements, such as nondisclosure or non-compete agreements.
  • Research and Development (R&D) Activities
    Outline any R&D activities that you are involved in or are planning. What results of future R&D activities do you expect? Be sure to analyze the R&D efforts of not only your own business, but also of others in your industry.

Next, move on to the Marketing & Sales section of your plan.


6. Marketing & Sales

How do you plan to market your business? What is your sales strategy?

Marketing is the process of creating customers, and customers are the lifeblood of your business. In this section, the first thing you want to do is define your marketing strategy. There is no single way to approach a marketing strategy; your strategy should be part of an ongoing business-evaluation process and unique to your company. However, there are common steps you can follow which will help you think through the direction and tactics you would like to use to drive sales and sustain customer loyalty.

What to Include in Your Marketing & Sales

An overall marketing strategy should include four different strategies:

  1. A market penetration strategy.
  2. A growth strategy. This strategy for building your business might include: an internal strategy such as how to increase your human resources, an acquisition strategy such as buying another business, a franchise strategy for branching out, a horizontal strategy where you would provide the same type of products to different users, or a vertical strategy where you would continue providing the same products but would offer them at different levels of the distribution chain.
  3. Channels of distribution strategy. Choices for distribution channels could include original equipment manufacturers (OEMs), an internal sales force, distributors, or retailers.
  4. Communication strategy. How are you going to reach your customers? Usually a combination of the following tactics works the best: promotions, advertising, public relations, personal selling, and printed materials such as brochures, catalogs, flyers, etc.

After you have developed a comprehensive marketing strategy, you can then define your sales strategy. This covers how you plan to actually sell your product.

Your overall sales strategy should include two primary elements:

  1. A sales force strategy. If you are going to have a sales force, do you plan to use internal or independent representatives? How many salespeople will you recruit for your sales force? What type of recruitment strategies will you use? How will you train your sales force? What about compensation for your sales force?
  2. Your sales activities. When you are defining your sales strategy, it is important that you break it down into activities. For instance, you need to identify your prospects. Once you have made a list of your prospects, you need to prioritize the contacts, selecting the leads with the highest potential to buy first. Next, identify the number of sales calls you will make over a certain period of time. From there, you need to determine the average number of sales calls you will need to make per sale, the average dollar size per sale, and the average dollar size per vendor.

Next, if you are seeking financing for your business, you’ll need to complete the next part of your plan – Funding Request.


7. Funding Request

If you are seeking funding for your business venture, use this section to outline your requirements.

What to Include in Your Funding Request

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the Funding Request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business.  These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g., equity, debt), and the terms that you would like to have applied.

To support your Funding Request you’ll also need to provide historical and prospective financial information in the Financial Projections section.


8. Financial Projections

If you need funding, providing Financial Projections to back up your request is critical.

You should develop the Financial Projections section after you’ve analyzed the market and set clear objectives. That’s when you can allocate resources efficiently.

What to Include in Your Financial Projections

  • Historical Financial Data
    If you own an established business, you will be requested to supply historical data related to your company’s performance. Most creditors request data for the last three to five years, depending on the length of time you have been in business.
    The historical financial data to include are your company’s income statements, balance sheets, and cash flow statements for each year you have been in business (usually for up to three to five years). Often, creditors are also interested in any collateral that you may have that could be used to ensure your loan, regardless of the stage of your business.
  • Prospective Financial Data
    All businesses, whether startup or growing, will be required to supply prospective financial data. Most of the time, creditors will want to see what you expect your company to be able to do within the next five years. Each year’s documents should include forecasted income statements, balance sheets, cash flow statements, and capital expenditure budgets. For the first year, you should supply monthly or quarterly projections. After that, you can stretch it to quarterly and/or yearly projections for years two through five.
    Make sure that your projections match your Funding Requests; creditors will be on the lookout for inconsistencies. It’s much better if you catch mistakes before they do. If you have made assumptions in your projections, be sure to summarize what you have assumed. This way, the reader will not be left guessing.

Finally, include a short analysis of your financial information. Include a ratio and trend analysis for all of your financial statements (both historical and prospective). Since pictures speak louder than words, you may want to add graphs of your trend analysis (especially if they are positive).

Next, you may want to include an Appendix to your plan. This can include items such as your credit history, resumes, letters of reference, and any additional information that a lender may request.


9. Appendix

An Appendix is optional, but a useful place to include information such as resumes, permits and leases.

The Appendix should be provided to readers on an as-needed basis. In other words, it should not be included with the main body of your business plan. Your plan is your communication tool; as such, it will be seen by a lot of people. Some of the information in the business section you will not want everyone to see, but specific individuals (such as creditors) may want access to this information to make lending decisions. Therefore, it is important to have the Appendix within easy reach.

What to Include in Your Appendix

  • Credit history (personal & business)
  • Resumes of key managers
  • Product pictures
  • Letters of reference
  • Details of market studies
  • Relevant magazine articles or book references
  • Licenses, permits or patents
  • Legal documents
  • Copies of leases
  • Building permits
  • Contracts
  • List of business consultants, including attorney and accountant

Any copies of your business plan should be controlled; keep a distribution record. This will allow you to update and maintain your business plan on an as-needed basis. Remember, too, that you should include a private placement disclaimer with your business plan if you plan to use it to raise capital.

Published in: on December 30, 2016 at 6:45 pm  Leave a Comment  

Lyrics – The Hockey Song

The Hockey Song

By Stompin’ Tom Connors

Hello out there, we’re on the air, it’s ‘Hockey Night’ tonight.
Tension grows, the whistle blows, and the puck goes down the ice.
The goalie jumps, and the players bump, and the fans all go insane.
Someone roars, “Bobby Scores!”, at the good ol’ hockey game.

[Chorus]
OH! The good ol’ hockey game, is the best game you can name.
And the best game you can name, is the good ol’ hockey game.

Second Period.

Where players dash, with skates aflash, the home team trails behind.
But they grab the puck, and go bursting up, and they’re down across the line.
They storm the crease, like bumble bees, they travel like a burning flame.
We see them slide, the puck inside, it’s a 1-1 hockey game.

[Chorus]
OH! The good ol’ hockey game, is the best game you can name.
And the best game you can name, is the good ol’ hockey game.

Third Period. Last game of the playoffs too!

Oh take me where, the hockey players, face off down the rink.
And the Stanley Cup, is all filled up, for the champs who win the drink.
Now the final flick, of a hockey stick, and the one gigantic scream.
“The puck is in! The home team wins!”, the good ol’ hockey game.

[Chorus x3]
OH! The good ol’ hockey game, is the best game you can name.
And the best game you can name, is the good ol’ hockey game.

Published in: on December 28, 2016 at 11:06 pm  Leave a Comment  

How to Calculate Your Odds of Winning the Lottery

Lotto_Max_Logo.pngIn Canada, there is a lottery called LOTTO MAX.  Basically, you pick 7 unique numbers between 1 and 49.

To calculate your odds of winning the lottery, you need to find how many ways there are to pick 7 unique numbers, in any order, from a group of 49 numbers.

Here is the formula:

= \frac{49!}{7! * (49-7)!)}

= \frac{(49 * 48 * 47 * ... * 3 * 2 * 1)}{(7 * 6 * 5 * 4 * 3 * 2 * 1)(42 * 41 * 40 * ... * 3 * 2 * 1)}

= 85,900,584

Therefore, the odds of winning Lotto Max is 1 in 85,900,584.

Good luck!

Published in: on December 9, 2016 at 2:23 pm  Leave a Comment