Archive for April, 2018

Details Of PMP Exam Questions OR Get The Complete Information Of PMP Exam Questions

A large number of professionals want to become a Project Management Professionals as it is an exceedingly reputed PMP certification available here. A People applying for the PMP examination ought to have a four-year college education and must have three years project management experience with 35 hours of project management course. If the people do not have a Bachelor’s degree or the worldwide same, at that point he ought to be having no less than 5 years of professional management experience required. For this situation, at least 7500 hours ought to be spent on leading, guiding and directing the complete projects.

The PMP Examination Covers the Accompanying Substance Regions:

Project Initiating:

These segments incorporate the deciding Project goals with the assistance of the communication basis between team and business partners and get their requirements. It additionally incorporates the use of practices and devices with the goal that the project is finished on time by using the distinctive project management approaches.

Project Planning:

This substance area of the Project Management Professional exam incorporates the discussion and meetings with partners and deciding presumptions and complete limitations of the business. It additionally incorporates the HR development and getting approval on the plan internally and externally finishes out the projects on time.

Project Execution:

This area incorporates the assigning project assets as per the task plan and start the execution of project activities with using a systematic approach. It additionally incorporates finding the advance of the task and giving precise outcomes.

Project Checking and Controlling:

It incorporates the correlation of project outcomes about with the built-up examination estimations. This aide in distinguishing recognizes area which requires the revision.

Project Closing:

The zone of Project Closing incorporates the last acknowledgment from partners. Simply, you can say, it’s completion time. A feedback plays an important role, which is used as a part of future.

Proficient Responsibility:

It incorporates the expert norms defined by PMI. It incorporates the moral guidance and related legitimate requirements set around PMI to ensure the interests of the group, partners, and stakeholders.

The Complete PMP exam has 200 PMP Exam Questions out of which just 175 Questions will be scored and the rest of the 25 will use as a part of future for testing by PMI. Along these lines, with a specific end goal to pass you have to find 137 solutions right. In this way, the PMP examination comprises of point by point educational programs and it needs a well-managed study plan and Online PMP Training to pass the exam on the first attempt. This is only possible conceivable with the assistance of PMP mentor and notes.

The PMBOK Guides are easily available in the market for PMP certification exam. Recently, PMBOK 6th edition is available with few changes in the market. You can go through it thoroughly and solve it PMP Exam Questions and Answers quickly. Apart from that, for getting the PMP exam questions answer or sample papers with us. Browse the website and get more information now.

Digital Security Concerns in Modern Business

There have been a lot of stories in the news recently about cybercrime and hacking, and governments and big business falling foul of attacks on their systems. But you should not think that your business is too small or not important enough to be the target of this kind of behavior. Small businesses tend not to adequately protect themselves and they can definitely still get caught in this kind of online nightmare.

As nearly all businesses have some kind of online imprint these days it means that anyone can be attacked. You may not conduct all your business using this kind of technology, but it is very likely that the most important personal and financial data will be stored online – and that means that you can be susceptible to attack.

Rising problem

It is true that the work done to help defend businesses from cybercrime has become more and more complex and secure, but as with all kinds of crime the criminal always seems to be one step ahead. With more innovative and invasive hacking, phishing and malware techniques you need to make sure your defenses are strong enough to withstandthe challenge.

Different problems

There are a whole host of issues that can arise when it comes to the online security of your business. With more and more industries relying on digital solutions it means that there is more chance for a hacker or any kind of cybercriminal to target you.

Hackers can have all kinds of motivations to attack your business – and it might not always depend on what area of business you are in. If your digital storage holds lots of personal and sensitive data there is obviously a very good reason why criminals will want to access it. It is therefore extremely important to ensure that your security is high enough to repel those kinds of attacks.

Most people would think that they would not fall for any phishing kind of scam – but they do work and that is why they are attempted over and over again. With weak passwords or employees that are not fully trained in cyber security there is a chance for these kinds of attacks to prosper. The criminals only need one phishing attack to work to make it all worthwhile.

At the more extreme end of the cybercrime spectrum entire businesses can be closed down completely. Those kinds of ransomware attacks can cripple your business and it can be very hard to get back on track. There has even been an example of ransomware that turns into a pyramid scheme so the cyber criminals end up using you to continue the attack. By promising to ‘unlock’ your business if you pass the attack on the criminals don’t even have to work hard.

Fighting back

Although there is now more government efforts to fight against the threat of cybercrime there area lot of things that you and your business should be doing to ensure that it is less likely you are attacked.

Training is essential, and all employees need to know how serious the effects of cybercrime can be and how to make sure that they are not the weak link. Security is all very well but it needs to be a multi-layered approach rather than just a single wall of defense. With the connection of devices and the Internet of Things it is vitally important that a ‘way in’ to your digital information is not easy to find.

A lot of businesses have become more data driven in the way they are run,andthat makes it vitally important that the data management is looked after properly. Some businesses might therefore find it beneficial to outsource their IT departments. In that way they can get the very best service and any staff issues can be solved by using companies to make sure everything gets sorted off site – including umbrella PAYE solutions. With a dedicated, yet remote, IT team on call your business can be safely defended from any potential cyber attacks.

Make security a priority

One thing that businesses should not do is to become complacent. If you start thinking that there is no way that you could get hit then you are already putting yourself in danger. All businesses should plan defense mechanisms assuming that they will be attacked. In that way there will be no corner cutting that might end up completely ruining the business.

10 Must-Have Business Telephone Skills For Success

Communicating with clients over the telephone is important, because it can create an impression of your business. In that moment you are the image of the business and if done incorrectly, it can result in an unhappy customer. There are some telephone skills one needs to look at mastering to help the business succeed.

You could write the best book author biography, but if you do not communicate with others in a good manner, you could put people off. It goes beyond personality and has more to do with customer service. When you put the phone down, the customer should feel like a need has been met.

1. On hold

A customer who needs help is not going to appreciate being put on hold, but you can do this in a less frustrating manner. Ask the customer if you could put them on hold before you do so.

2. Show Appreciation

After you place the caller on hold with their permission, be sure to show some appreciation for their patience. This might break the tension the customer is feeling and start the conversation off on a good note.

3. Use their Names

When a customer tells you what their name is, be sure to use it throughout the conversation. You of course do not want to overuse it, but reassure the customer that you are paying attention to what is being said.

4. Don’t Interrupt

Sometimes customers go on a rampage and want to get some of their dissatisfaction out. You might be tempted to interrupt the customer if you have an easy solution. Try and let the customer say what needs to be said before responding.

5. Take Control

In relation to knowing when to speak, there are some moments when you have to take control. If the customer complained about your book, but starts talking about the author biography, you want to take control of the conversation. Try and direct the customer to the initial point of discussion.

6. Eliminate Distracting Noises

Imagine being on the phone with someone and they are chewing bubble-gum. This is annoying and might get the customer off on a bad note before you have a chance to fix the situation.

7. Last Impression

As important as the first impression is the last impression you leave. After the customer gets over the phone with you, they should be happy or at least satisfied.

8. Have Solutions

It’s senseless talking to a client and ending the phone call without a solution to their problem. There are some issues that always come up and you should have an answer ready when these types of calls come in. If everyone has something to ask about the author biography, read it yourself and prepare some answers.

9. Don’t Waste time

You do not want to waste too much of the customer’s time when they call in. Get to a solution and be quick about it. The sooner you are done, the faster you can get to some of the other customers on hold.

10. Be Positive

Personality is not what always makes or breaks a phone call, but a positive one will get you further. Shed some light over the phone and attempt to make someone’s day a little brighter.

How To Adapt To A New Workplace: Pitfalls You Should Know About

Starting a new job is exciting. In a study on why new hires fail, by Leadership IQ shows that within 18 months, about 46% of new hires, fail. That means, the excitement of starting a new job can turn a challenge and may even lead to stress.

At such a point in your career, you are put in a rock and hard place where you question yourself, whether it was the right move to leave your last job. It may also cause you to think about the possibility of getting your old job back. And you are probably already looking for federal government resume writing service.

New hires may fail due to many reasons, and contrary to the common belief, it isn’t about their technical skills. To help you develop a solid foundation with a new employer, we will address some of the key pitfalls that new hires need to watch out for:

• Unclear Definition of The Job

Right from the start, you should have a precise definition of what is expected of you. Find out as much as possible about the new role. Though you may find a written description of your duties, employers expect their employees to be flexible.

Do your research on the company you are going to work in, from its leadership to how different departments work together. Learn about the history of the company. Identify its competitors and be up to date with the trends in the industry.

Ask the past and present employees of the company about their experiences, too.

• Underperforming

If you aren’t honest about your skills as detailed in your federal cover letter, you are likely to struggle with the transition. Also, you may not be able to deliver in the new role. You have to give your all in the position you take.

Otherwise, you will set a dark tone for your employment experience. According to the Leadership IQ study, out of the new hires that fail, for 17% of them, they lack the motivation to excel. If you are stuck, ask for help.

When the new role, isn’t challenging enough, you can ask for different projects. Your dedication to learn, when you take a new position will increase your employer’s confidence in you.

• Not Letting Go

When moving between companies that have different managerial cultures, you have to be willing to learn the new way of doing things. Start letting go of your old boss and the management style that you have gotten used to. Your new boss may have new priorities and focus.

Where you one held catch-up meetings that were casual or preferred direct communication, may not be. Find out what’s needed, and adapt accordingly. Down the line, this will help to smoothen your experience in the job, as you transition.

• Accepting Feedback

The most common downfall for new hires is the difficulty in taking feedback. Receiving feedback and implementing it shows that you value the knowledge and experience of your coworkers. If you aren’t getting any feedback, then, it’s important to ask for it.

You also need to train yourself to accept the feedback in stride, even when it’s negative. Managers need to set performance metrics and communicate them to their employees. Providing feedback to employees, helps them to identify areas they need to improve and those they are excelling.

• Mismatched Skill Sets

To avoid confusion about your capabilities, you have to be honest to the federal resume writing service, and on your resume. Not doing so, and exaggerating to put you in a better position, will, in the long run, hurt your credibility.

Provide details about your skills. Lack of clarity may only lead to a loss to you and the company. You, as a new hire and the employers, need to be on the same page, concerning their expectations of you. Otherwise, it may create a rift in your relationship.

Personality Conflicts

Sometimes you may match perfectly on paper with the requirements of the job, but this doesn’t mean that you are the right person for it. The ability to get along with your colleagues will help you last long, in the company. Employers use the interview process to gauge your personality and if you will be able to fit in the office and with colleagues.

• Adjusting

Getting a new job means forming new relationships, and often a different way of doing things. You may even have to learn a new language. You have to be ready to adapt to this new system. Though you would execute your duties in the previous company, naturally, it is time to learn the different way of doing things.


When a new job doesn’t work out, it becomes costly to the employee and employer. Learn about the pitfalls to expect and how to overcome them, to help you with the transition.

The Hiring Dilemma

The problem with running a business is that you have be two specialists in one person: you have to be the ultimate expert in the services and goods you provide. When you’re representing your company to other CEOs, to high level clients and potential investors you can’t be vague. You have be the best salesman, knowing the details of what you’re selling, what it can do, and what’s in development and coming down the pipeline. If you can’t, you undermine the whole business at a critical time and could lose a vital contract.

That’s a full time job. And on top of it you have the second full time job of actually running a company. Coming up with goals and strategy, arbitrating disputes and making decisions across a whole range of areas from HR concerns, to IT procurement to hiring. And if you’ve started a small business you may well not have the experience to do all this competently. Hiring is the most important area, as this allows you to bring new expertise into the company that makes all those other decisions easier – it gives you more resources, more information and more points of view to consider.

Hiring well is a skill in itself, and it’s not one that’s easy to acquire unless you’ve worked in HR, and got the vital experience of writing job descriptions, conducting interviews that allow you to properly judge the value of candidates and negotiating salaries. Many people found companies and launch start ups because they’ve seen a way to solve a problem in a new way, faster and cheaper and more attractively that everyone else in the market. They don’t necessarily do it because they’re simply good at running a business.

To way to beat this issue is to find some expert support. Headhunters and recruitment companies are not always easy to deal with but they are the experts in finding candidates. You need to pick carefully. If you’re hiring your first executives you need an executive recruitment firm like Savannah Group – going to a standard high street recruiter for executives isn’t going to get you the best candidates.

When you’ve found a firm that specialises in high level recruitment in your niche, you need to establish a collaborative relationship. Just sending them an outline of the job and waiting for a list of candidates is a waste of the resource you have. Make sure you have a full conversation with them: they know the market, so they can advise about salary, about the experience level of candidates you need. Work together and you’ll beat the hiring dilemma and find the people you need.

Making The Right Decisions For Your Business

Whatever industry you work in, and whatever USP your business widely advertises, the one skill you will always need is good judgement. You need to be able to make decisions every day that get the most out of the resources you have available, whether that’s staff, money or simply the sheer number of man hours you have on the book. You need to be able to weigh the options and know when it’s important to take on the big client that will bring in lots of revenue, and when money needs to take a back seat to quality so you can make a good impression on someone who might be really important to you in the future.

Today we’re presenting a short guide to making good decisions, so your shrewd judgement can drive your business to success.

Facts and Figures

Wherever you work, whatever you do, you don’t take your decisions in a vacuum. You will always need to account for them, whether that’s to a manager, or at higher levels to a board of directors, or your investors. If you’re changing processes that affect other employees, or pitching for a change to high ranking decision makers in the business it will help you achieve buy in if you can back up your arguments with data.

For example, if you’re looking to expand your business, using a market research firm can give you the firm data you need to make your case absolutely watertight. If you’re interested in working with a market research company, click through to find out more.

Getting Buy In

Any decision you make affects other people – once again, you don’t take your decisions in a vacuum. If your decisions are going to mean changes in the company you work for, whether you’re the CEO or simply a manager some way down the pecking order, you need to introduce your conclusions in a way that’s going to make people receptive to them rather than critical.

Presenting an outcome as a fait accompli is a sure way to create resistance. To avoid this, make sure you build a discussion stage into your decision making for major process related issues. Giving people the chance to have their voice hear, even if you think you know exactly what your solution is going to be will mean they are more open to changes when they’re enacted. Of course, they also open you up to new and interesting ideas which you may not have considered!

How To Succeed At International Business Travel

If you are fortunate enough to work in a profession that requires lots of international business travel, then you have most definitely made it. Some industries allow for professionals to travel the world and to rub shoulders with some of the most influential and important people in the game.

As a professional, it’s important to ensure that you are prompt, organised and fully briefed for your trip abroad. In order to ensure that you are fully prepared for your first international business trip, we have compiled a guide to impress your boss and your potential business partners. Here are some important things you must remember on your journey.

Get Your Documents in Check:

Depending on where you are travelling to and how long you are going to stay there, you may need to take out documentation to prevent any problems whilst you are on your trip. If you are travelling to the UK or America, you will need to speak with immigration specialists (i.e. immigration lawyer London)  to help you to secure a work visa. Failing to do so could land you and your company in a lot of trouble and could even lead to deportation. Always check with a specialist whether or not you need a visa (better to be safe than sorry).

Plan It Now

It’s important to make sure that you dress to impress when you are on an international business trip. The chances are that you will be meeting with a lot of decision-makers and management during your time, so it’s important to pack a suit, shirts and appropriate shoes, as well as smart-casual appropriate clothing.

As with any packing, it’s foolish to wait until the last 3 days before leaving. Ensure that you plan your whole suitcase way before you leave so that you can see what’s missing, what you will need for sure in the place you are staying (especially if it’s colder/hotter than yours) and act accordingly.  

Your work phone

Google Maps, Uber, Citymapper and many more ARE LIFE. Not joking, the number of times Google Maps saved me are close to infinity. I highly suggest you to download apps that inform you about public transportation, attractions and what are the must-see places (especially if you are in a big city)

Keep Your Head Clear

Your departure should be stress-free, you know why? Because there will probably be flight delays, problems on your way, losing your car keys and in general any possible thing might happen. So leave the packaging stress and focus on having a safe travel!

Relaxed Office Wear From Head To Toe For Casual Fridays

Figuring out what to wear to work has always been a hurdle for women, and in recent years, it’s tougher than ever to toe the line between stylish and work-appropriate. When you throw casual Fridays into the mix, many of us are left scratching our heads wondering what constitutes casual in this modern world of trends like athleisure and hipster fashion. Luckily, we’ve broken it down for you and created a quick and easy guide of head-to-toe relaxed officewear that won’t land you in hot water with HR.

1. Sheath Dress

A sheath dress is the perfect casual Friday ensemble. It’s comfortable, breezy, and strikes the perfect balance between business and casual. An A-line sheath that skims your body is universally flattering, and paired with cute flats, you have a winning look for the office.

Relaxed Office Wear From Head To Toe For Casual Fridays

2. Skinny Jeans and Blazer

Jeans don’t have to be an enemy of the workplace. You can rock them in the office, especially on casual Fridays, as long as you dress them up ever so slightly. A blazer elevates your jeans to the right office tone, especially with a pair of espadrilles or wedges. If blazers aren’t your thing, try a printed blouse tucked in with a belt.

Relaxed Office Wear From Head To Toe For Casual Fridays

3. Cotton Skirt

If you love the look of skirts but find them just too restrictive and uncomfortable, casual Fridays are the time to try out a cotton skirt that fits you just right. A midi length is the hem to aim for, and top it with a printed t-shirt, a tank top and denim jacket, or a snug crew-neck sweater. To finish your look, pull on a pair of ankle boots or flats—sandals are an iffy footwear option in most offices, so play it safe.  

Relaxed Office Wear From Head To Toe For Casual Fridays

4. Pencil Skirt and T-Shirt

Pencil skirts are so early 2000s, but you can give them a modern, stylish twist when worn casually. Tuck in a plain t-shirt for fabulous look that practically begs to be worn as a precursor to the weekend.  Ditch the stilettos and instead stay on trend with a pair of chic mules. Check out Senso for the trendiest shoes that work in and out of the office.

Relaxed Office Wear From Head To Toe For Casual Fridays

5. Sundress and Sweater

If the sun is shining, break out a gorgeous floral sundress and top it with a comfy cardigan for an office-appropriate combo. Make sure your dress hem hits just above your knees or below; mini dresses are adorable, but they belong outside of the office—even on casual Fridays. Top it off with cork wedges or Mary Janes for a sweet and simple office style.

5 Important Tips For Growing Your Roofing Business

Do you feel like your roofing business isn’t getting the number of customers it should?

Are your profits waning? Did your latest logo redesign leave you with lackluster results?

Do you feel like no one in your community or target market even knows you exist?

If so, it’s time to make a change — and fasts. Fortunately, we can help.

In this post, we’ll tell you the five best ways to grow your roofing company’s influence, rise in search engine rankings, and build your brand.

Read on to learn how to increase your conversions, connect with your market, and make your business bigger and better.

1. Only post information online you want potential customers to see

Everything you do online—even if it’s posting a Facebook status on your personal page—becomes part of your business’s overall web presence. If a person were to search your name or business, what would come up in the results? Are there pages out there you don’t want to be associated with?

Always keep a close eye on your web presence to see if your business is putting its best foot forward. Do a detailed Google search on your business to see what pops up, and remember: any time you post something, a potential customer may see it.

2. Continually update your website

It’s a big undertaking to a.) build and launch a website and b.) keep it up to date so it continues to serve the needs of your customers. Websites are not a one-and-done thing; you need to continually update your website with fresh content that speaks directly to your customers. The more valuable content you produce, the better your company will rank in a Google search.

3. Mention your location when posting content

Posting relevant and valuable content to your social media channels and website blog is a great way to increase traffic to your site. When the content you produce also includes community keywords—like the city you do business in, links to other local businesses, or points of interest in your area—then you’ll have a much greater chance of ranking high in local search results.

4. Use new technology to stand out

New technology is constantly emerging, and it can be used to your advantage. For example, you could use video captured by a GoPro camera or virtual reality to show customers what goes into a high-quality roofing installation, how weather affects your colored roof or the difference in roofing materials.

5.  Try PPC ads to take advantage of weather-related events

Pay-per-click, or PPC advertising can be used to reach consumers when they really need your services, like after a hailstorm, a major snowstorm, high winds, etc., sweeps through your area.

Overall, the best thing you can do when considering these local marketing tips is to consistently chip away at them over time. Try to incorporate one of the above tips every month and then set a reminder to check in. The results will help draw customers right to you and your roofing services.

10 Things You Need Before You Start A Photography Business

Starting-up a photography business doesn’t just involve having a good camera. Although it is included on the list, there are actually a lot of things to be regarded as before putting up one.

Below are 10 essentials that have to be considered before starting up a photography business.

Enroll in the Best Photography Course or Workshop

Enrolling in a workshop or photography course online is absolutely a good deal. However, keep in mind that getting only the best help is also equally important. You can only learn from the experts, people say. It may include though hours or even days of searching for one. Reading the reviews from previous students would help. As well as checking out details such as the photographer’s portfolio, or even which area a certain photographer is good at. If you wish to start-up a photography business focusing on weddings, obviously wedding photographers should be the first on the list. Learning a different skill set afterward though should be the next step.

Create an Interesting Online Portfolio

Before you even decided to open up a business, surely you already have a collection of photographs – whether they were amateur shots or taken professionally. Creating an online portfolio is also one of the important steps to do before going live with the business. There are instances that clients won’t spend time, or won’t even visit the about section, and will go straight to the gallery section. Highfalutin words could absolutely be easily added to keep the website enticing, but in reality, it’s your work against any other photographers in the world.

Invest in a Quality Camera as well as Accessories

Let’s say you’re already equipped with knowledge & skills, as well as a portfolio to prove it. Now it is time to work on the highlight of the business, and that is getting a quality camera. A quality camera ensures excellent shots, which would also lead to happy and satisfied clientele. Thus, investing in a quality camera is synonymous with maximizing the business potential.

Aside from a good camera, make sure to also get good and compatible accessories such as a camera bag, a tripod, and external hard drives. Not only these accessories will make work bearable for you, but it will also make you look more professional when meeting clients.

Good Lighting

Another accessory a photographer should also venture on is good lighting, because it could either make or break a photograph. Although natural light is the number one choice, investing in top quality studio lights could be of help for when natural light is not adequate.

Editing Software

An editing software would allow you to enhance raw shots and amaze the client with your creativity. There are a lot of editing software that is available in the market, so a thorough research would be helpful to ensure you have the one that tailor-fits what the business needs the most.

Create a Photography Blog & get your own Domain Name

One of the top marketing strategies in this time and age is making your presence online. Creating a photography blog will make it easier for you to connect with your clients in all ages and show off your latest portfolio. To make it look more professional, make sure to get your own domain name too. During your free time, you can also blog about the latest event you covered. Having a blog is like welcoming potential clients without doing too much.

Use External Hard Drives for Additional Storage

Sooner or later the business will grow, and you will be in need of extra storage for the thousands of shots you took. The memory drive from the laptop you own may not be enough for sure, thus investing in quality external hard drives could be of so much help. Aside from that, the hard drives could also help you sort out the photographs in a more organized way – especially if events are happening one after the other.

Create Unique Business Cards and an Impressive Logo

Having a business card in this modern age may not be very popular anymore, as people tend to go online if they want to have a presence globally. But if you have an impressive logo on it, it could serve as an ice-breaker in an awkward client meeting. A logo is not only a fancy trademark of the business, it actually serves as the identity of the business. It tells the history, the vision and the goal of the business in a nutshell. Aside from the logo, important information should also be included on a business card such as; your name, contact number & email, your website which would link to your online portfolio. Stick to the basic, so as not to bombard the small space provided.

Be a Member of the Professional Photographers of America

Becoming a member of the Professional Photographers of America opens a lot of doors to someone who has a budding photography business. The association provides a lot of resources and gets you connected with the right people. Not only that, because as you try to invest in more photography items, discounts are also available.

Make sure to get a Business License

After all the gadgets bought and preparations done, don’t forget to make everything legal by acquiring a business license and having it registered with either the local or state government depends on how broad you want the business to run.

It isn’t easy to start up a photography business, or any other business for that matter. That is why a lot of patience is needed and making sure that you’re equipped with all the legalities and basics of the business you wanted to venture on is vital. But one thing is for sure, soon as you land on that first customer of yours, you’ll look back and think that everything you did was worth it.

Should You Buy or Rent Commercial Space For Your Business?

With the internet replacing the use for some physical brick-and-mortar stores, a lot of businesses still need physical space. As a business owner, you may be wondering if it makes sense to buy commercial space as opposed to renting. Even though there is no right or wrong answer, you may want to take a couple of factors into consideration.

Benefits of Owning Property for Your Business

When buying commercial property, you have more flexibility with the way that you manage the space. You could divide the building and rent out parts, or carry out renovations without the need for constant owner approval. You also won’t have to deal with rising rent prices, which may lead to you vacating the space before you had hoped.

Is Your Business Likely to Need the Space?

If you are a brand new business then, even with the benefits mentioned above, buying physical space may not be the right option for you. It can be hard to predict where your company is going to be in one year, let alone three or ten. Don’t forget, buying property is a big and long-term investment – be careful of the ties that a property will bring. Your business’s needs may well grow or change much more quickly than you anticipated.

Upfront and Ongoing Costs

When it comes to buying property, there are a lot of upfront costs to consider. Property deposits, survey and solicitor fees and mortgage payments are just a couple of the often large, upfront costs you will need to pay when buying property. Once you’ve secured your property, don’t forget about the monthly mortgage, electricity and water bills, as well as building maintenance and recycling services.

When renting, the building’s owner is usually the one who will deal with a number of the worries and expense that comes with owning a property. When you buy commercial space, this then becomes your problem to deal with.

Thinking Strategically

Buying or renting commercial space is a big decision to make. As with residential space, it can seem like paying monthly rent is a waste of money, and you may have a landlord that controls your use of the space. However, when considering to buy a property, it’s important to remember that businesses can change rapidly. A large number of companies that once needed thousands of square feet of office space are now virtual and operate solely online. Renting can give your business an agile advantage that buying doesn’t offer. With all of this to consider, we recommend that you seek the advice of commercial property agents before you make your final decision.

Yeah, Personal Loan For Self-employed Up For Grabs At HDFC, ICICI

A self-employed, be it a kirana shop owner or someone running a clinic, does require funds to meet his/her personal needs and wishes. Not only that, even the emergencies can creep in anytime to set them back.

So, the clamour for a personal loan can be heard loud among self-employed these days. Recognizing that inherent need, lenders like HDFC Bank, ICICI Bank and others have stepped up their efforts of providing them a suitable personal loan offer. So, if you are one of those businessmen or professionals seeking a personal loan, you can apply at any of these banks for the same. Before applying, though, you want to see a complete detail of their offers, right? So, let’s get the details or personal loan for self-employed before us.

HDFC Bank Personal Loan for Self-employed

HDFC Bank offers self-employed a personal loan of up 15 lakhs at an interest rate of 15%-20.99% per annum for a maximum of 5 years. So, be it the wedding funds or some other needs, a self-employed can get personal loans for varied causes.

ICICI Bank Personal Loan for Self-employed

ICICI Bank, another private sector biggie, is a prominent name when it comes to offering a personal loan to self-employed. A loan of as much as 30 lakhs, based on the eligibility, can be disbursed to a self-employed. The loan to be provided would come at an interest rate of 10.99%-22% per annum. You can get a maximum of 5 years to repay the loan.

Personal Loan Eligibility for Self-employed

  • The age of a self-employed should be a minimum of 28 years at the time of application. On the other hand, the age must not exceed 65 years by the time loan matures.
  • Minimum business turnover must fall in the range of 15-40 lakhs
  • While disbursing a loan, the banks also check to see any existing relationship with the customer. If so, then they can look to make the offer more appealing by offering attractive interest rates.

Personal Loan Eligibility Calculator

Above pointers talk about the general eligibility for a personal loan. But, as self-employed, you must be interested to know the amount you are eligible to get in the form of a debt, right? This is derived from the eligibility calculator that takes into account your income, spends and savings to do so. Based on which, the calculator decides the loan amount for you. Before calculating the sum, the calculator computes the per lakh EMI first before analyzing your income, saving and spending pattern to ascertain the loan amount.

Personal Loan EMI Calculator

After knowing the loan amount you are likely to get, the next responsibility lies in checking the amount you must be ready to pay via EMI, which stands for equated monthly installment. The EMI, as you would know, consists of both principal and interest portions of a loan. You can know the installments using the EMI calculator, which is there online for easy access and use. All that you need to do is to enter the loan amount, rate of interest and tenure to calculate the EMI and interest likely on your case. Even though a personal loan can be granted for as long as 5 years, you can cut it down to 4 years or so to reduce the outflow of interest from your pocket. This would raise the EMI, though. If the EMI hike is manageable, you better go for a shorter tenure and save a few bucks from going out of your pocket. The calculator will help you budget your personal and business life accordingly so as to ensure a timely repayment.

Check Your Personal Loan Amortization Schedule

Using the EMI calculator has a dual advantage attached to it. Not only you get to know the EMI, you even see a schedule of principal and interest repayment on your loan every year. Apart from that, you will see outstanding loan balance at the end of every year. What that does is to help you set the time by which you can prepay the debt. As self-employed, you could be in for a bulk at any time. So, if the bulk awaits in three years time from now, you better use that pay off the debt before its agreed tenure to save some bucks which otherwise would go servicing the interest.