Category Archives: Career Seeking

Signs That You Should Go Into Business For Yourself

In current times, more and more individuals are choosing to go into business for themselves in one form or another. However, self-employment is not for everyone. Despite the many upsides and benefits that come along with entrepreneurship, going into business for oneself for the wrong reasons can have horrific impacts. Individuals who feel ready to take the plunge into self-employment should first make sure that going into business is their best course of action.

You Are Comfortable With Risk

Risk is an inherent factor which comes along with pursuing entrepreneurship and going into business for oneself. Some people are comfortable with risk, while others prefer to remain in their comfort zones and have a safety net. Neither inclination is right or wrong and nobody deserves to be shamed for either taking risks or playing it safe.

However, circumstances change considerably when an individual is thinking of going into business for themselves. Anyone who wishes to pursue self-employment needs to be comfortable with risk. Working for oneself is a venture which requires hard work, persistence, overcoming learning curves, and so much more. Some people will make it as entrepreneurs and others won’t. Risk comes with the territory of self-employment; those who are adverse to risk are more likely to fare well in professional avenues outside of entrepreneurship.

You Are Passionate

In the world of self-employment, passion is equally as important as comfortability with risk. Passion is what drives people and keeps them motivated. As pointed out by The Balance, motivation is critical for entrepreneurs and others who are going into business for themselves. Individuals who are passionate about their business ventures are considerably more likely to put in the hard work even when it’s difficult and go the extra mile.

Passion furthermore serves as fuel against critics and naysayers. Virtually everyone who has chosen to go into business for themselves has faced skeptics who have doubted their abilities. Self-employment may be a rising trend in the workforce, however, there are still some people who view traditional employment as a more practical, feasible line of work. Nevertheless, individuals who are truly passionate about going into business for themselves will not be swayed by critics.

You Are Willing to Work Hard

Anyone who wishes to succeed in life has to work hard in one way or another. This especially applicable for individuals who have decided to go into business for themselves. Entrepreneurship requires grit, persistence, and determination to succeed. The aforementioned traits are truly important for people who are just starting off. There will be bumps in the road, challenges, setbacks, and difficulties, but this should never halt one’s work ethic or determination to grow their business.

A Final Word

As the popularity of self-employment increases, more and more people will have to decide whether or not going into business for themselves is something they wish to do. Automation and other forms of technology are rapidly changing the world of work from what we once knew it to be. Those who decide to take the plunge and pursue entrepreneurship should always remember that risk, passion, and an unbeatable work ethic will serve them well.

How Self Employment Can Increase Your Income

In this day and age, “work” has various meanings, depending on who is asked. Some people remain in the workforce as traditional employees, while others are self-employed. There are multiple forms of self-employment, but ultimately, self-employed individuals work for themselves, as opposed to working for another individual or corporation. A person who is self-employed may have various clients or customers, however, the success, or lack thereof, of their business ultimately depends upon them. Self-employment in an inherently risky venture, although few things worth having come with ease.

The Potential for Income Growth is Limitless

In most cases, individuals who work as employees generally receive paychecks. Upon being hired, there is usually an agreed upon salary or amount of hours to be worked. Employees generally stick to these hours and for the most part, the ability to significantly increase income from the aforementioned stream is difficult, if not impossible. Workers can ask for a raise, but there is no guarantee that an employer or boss will agree to it.

The game is completely different for self-employed individuals. Income surges are readily attainable, so long as the person at hand is willing to take the proper steps, market themselves accordingly, or offer new products or services. For instance, a freelance writer who wishes to increase her monthly income can do so by taking on various styles of writing, working with a wider network of clientele, or even increasing her current rates. Conversely, were that same freelancer working as an employee 40 hours per week with a set salary of $15.00/per hour, growing her earnings may be a more difficult feat.

When an individual works for someone else, their income is greatly dependent upon the person who employs them. However, when someone works for themselves, their earnings are determined by their quality of work, ability to market themselves, and make lucrative business decisions. While self-employment is not for everyone, those who are serious about growing their income may find this economic route to be beneficial.

The Options For Tax Deductions Are Plentiful

Most employees’ taxes are automatically deducted from their paychecks prior to reception. While tax season may be easier for traditional workers, easier does not always mean economically fruitful. A full list of self-employed tax deductions can be found and read on Quickbooks; some of the most common deductions include marketing tools, home office expenses, meals with clients, wages paid to employees, etc.

In some cases, self-employed individuals may be able to write off so much that the government actually owes them money. That money can then be saved, invested, or otherwise used to grow one’s business.

A Final Word Regarding Self-Employment

Success in the self-employment field takes work, dedication, and the willingness to work hard, never give up and continue growing one’s business. In current times, every working individual should be striving to increase their economic capital. Living expenses are surging and financial emergencies can occur at any time. Opportunities to grow one’s income and decrease owed taxes are two of the most productive ways self-employment has and continues to transform lives.

Authored by: Gabrielle Seunagal

Financial Secrets Every Job Quitter Should Know

So, you hate your job and want to quit? Are you really ready to do something like this? Don’t forget the everyday costs you have! While it is your personal choice to decide when to quit a position, it is also important to realize that decision has to be owned. If this is going to put you in a bad financial situation then you should wait. It’s smart to be wise and think twice! Let’s discuss some options and tricks that might help you make that smarter decision today! Many Canadian families rely on both partners working, so if one ups and decides to just quit–there has to be a strategy. Let’s examine some thoughts.


If you’re going to quit your job you really have to have some kind of financial backup plan. Let’s face it. No one can just up and quit work without dealing with some kind of financial distress–that is, if they have no plan in place. Just to begin, you have to analyze your financial circumstances very well and determine if this is really the year that is right for quitting your job. Only you know if it is the right time for attempting to start over somewhere else. If you’ve been preparing for such a move, then that is great. If you have not then you need to make certain you have enough to sustain you and your family for several months. This will alleviate a great deal of financial stress.

Right now, 47% of Canadians are committed to staying on track financially, which is great. With this in mind, it is pretty certain hasty work decisions are minimal, but of course, things can happen too. When you’re resolved to be financially ready to leave your job, then you have a step up. This is a good thing. However, if you are intent on finding a career position that is going to help you gain a foot hold over debt and assist you in meeting financial goals–right now might be the best time.

The following tips and strategic advice might be helpful to Canadians who are unsure where to start, what they should be doing, and what needs should be in order. Hopefully those leaving their current positions have started banking resources and have a starting plan.  Let’s now turn to some helpful advice and tips now.

The Importance of Cutting Expenses When Quitting Your Job

Of course it makes rational sense to cut back on your expenses when you quit your job. Even if you have a nest egg put back, this can go fast with no income coming in. Once you’ve made that step into new territory you have to itemize and make priorities. You have to be willing to cut back on excessive items and with regard to food, you have to be more willing to go with no name brands on some items. Of course, this isn’t forever, but it is until you find that position you’ve been searching for.  The below list will help you stay on task and keep the important things in order!


  1. Make sure you have your mortgage in order–Banks don’t care about why you left your job, they only care about ensuring they get paid! You have to make certain you can pay your mortgage and keep a roof over you and your family’s head. This is when you have to know where to cut back and what is most important to pay on time! Also, if you don’t own a home yet, quitting your job could really hurt your chances down the road. Banks frown on those who just up and quit. This could impact your chances for more than 3 years, so once again–have a plan!
  2. Don’t let tax time catch you unprepared–If you quit your job to start out on self employment you need to have an idea of what those end of year taxes are going to be like. It might not be the wisest decision to run your own freelance business at this time. Decide if you’ll be doing better financially working on your own and choose wisely! This has to be sustainable for the long-term. There is no skirting taxes.
  3. Don’t take out loans and don’t borrow from anyone–You have to stand on your own two feet, so forget a loan or borrowing–even if this is from family. Once you make the decision to quit your job you have to own it and accept the consequences. Be prepared and ready!
  4. Create consistent income–If you’re going to work for yourself then you’re going to have to develop a plan to guarantee the same amount of income week to week and month to month. There can be no variation if you’re going to meet all financial goals and save money too. Be smart here and know what you’re getting into!
  5. Don’t just count on will-power–If you don’t devise a way to save money before you even see it, will power alone won’t help you much. Most people always find an excuse to spend, but if you can have money taken from your pay before you even get it, that guarantees saving and having when you need it the most!




Learn How Leaders Maintain Their Composure and Remain Secure


Life  is demanding and stressful. For many Canadian families there is constant worry or some form of anxiety lurking.   Sometimes it comes from simply feeling like you’re trying to do it all.  And sometimes life is just difficult period. Natural leaders have discovered ways to manage stress and maintain their composure in order to stay ahead of the game. Canadian professionals who can learn how to overcome personal problems on the job, and juggle other responsibilities at the same time are the very ones who manage their finances perfectly too. Well—maybe not perfectly, but pretty darn close to it.

Now, to be sure, mistakes happen on the job, there’s no getting past that. But, if you remain calm and recover, you’ll be more productive and definitely feel better.  Recently, research from Harvard Business School has shown the proper way to remain calm. It is amazing how so many go about this the wrong way and only stress themselves more. If you can begin to welcome a challenge, and effectively overcome it with excitement—you just might be one who can be successful in all facets of your life!  However, if you try to force yourself to be calm you can end in disaster! So, know the right ways to keep your composure in any situation on and off the job!

Don’t be too hard on yourself, but do get your head on straight!

Manage Those Emotions and Improve Your Performance

Young successful businessman

 Let’s examine how work behavior improves your financial management skills!

None of us like making mistakes, but remember—these can happen.  The first thing that you need to be aware of is to not beat yourself up over and over, because this isn’t going to help you achieve a state of calmness nor rectify your problem either.  The best thing an individual can do is to funnel their energy into moving past their mistake and focus on the things they can change to become better.  Once again, with this kind of attitude, hard workers can also excel when it comes to managing their personal finances.  In fact, the goal here is to show career professionals within Canada that their work behavior has an impact on everything they do—especially with how well they control and spend their money.

  • Just like making a business plan can help keep you on track professionally, this can also teach you to do a budget plan to properly manage your wallet!  They go hand and hand, one helping the other.
  • Being conscious and aware of past mistakes can carry over and help you to pinpoint financial mistakes and avoid these from being carried out again!
  • Remember in your career you funnel your energy into positive ways to avoid mistakes—this can help you devise a financial plan and vision for the future.  Where do you want to be financially 10 years from now?
  • Just like you work with your co-workers in a collaborative way, you should work with your significant other on how to better manage and plan your finances for a brighter future.
  • When you commit to being the best employee of your company, you can also take this and commit to being the best financial planner in your family!  Becoming more responsible with money is important, and it takes commitment.

All of these tips and ideas are meant to help you be successful in every area of your life. If you apply just a few of these to your career and your personal life you might be able to let go of anxiety and stress and live a more productive, happy life!  Give it a try and just see what happens.


Time Management Can Lead To Financial Freedom


Time management is critical to Canadian career professionals. For a moment–think about those who work in a professional position all across the globe. Time management is effective for every single one of them. Have you ever heard that phrase: time poverty? The mismanagement of your time really can lead you down a road of poverty–a circumstance we’d all like to avoid if possible. The good news is that this can be avoided and it all starts with the individual. If you want to grow your income, reputation and career success in general then you have to develop a calm time strategy to increase your productivity and get the job done well every time!

If you can do this then you can do just about anything. Time seems to block all of us from achieving our goals, but as mentioned, planning a strategy to organize your time and meet your priorities will make a difference. Life has simply grown in complexity, especially business life. Time pressure is deadly, crushing and poverty causing. If you want to really improve your productivity, make a larger income, but do so without feeling overwhelmed, the following tips we are going to share with you here will be beneficial. Are you ready?

Stop Working Against the Clock: Develop Time Literacy


Yes, time literacy helps you avoid time poverty and ensures you have success and a stable life. It ensures you are in charge of your business and personal life in a comfortable way. You don’t feel crunched or in debt when you’re more aware of what time literacy is all about! What you do need to do is be accountable for how you use your time. For instance, just like managing money–how you work and what you invest determines your success. Let these below tips be your guide:

  • Begin understanding the concept of time and look at it like your paycheck
  • Create assets in the time you have specified
  • Start understanding assets grow income 
  • Know time equity can impact your financial equity
  • Stop saying you don’t have enough time
  • If you work from home, identify distractions and do something about them
  • Work on things your really sincere and passionate about

If you don’t have time planned appropriately you’ll not have the amount of finances you really need, or want. It’s a fact. So, how are you going to start building an appropriate time saving plan from here? Who are you going to hold accountable for meeting work goals? Of course, these are all small steps, but they will lead you to financial stability for the long-term! Time is definitely what you make of it, and don’t take advantage of that!