We live in a time and a place where women and girls can do almost anything. We can go to school, get a job, vote in elections, and choose exactly how we want to live our lives. That being said, there are still some unfortunate and often overlooked advantages that men have over women, especially when work and pay are concerned. For this reason and plenty more, many women turn to the world of entrepreneurship and decide to start their own business. This is no simple task, so, before you make any commitments, be sure to look for these vital signs.

1. You Have A Support System

Starting a business is far from easy, and there are going to be any number of struggles to face along the way. To ease this burden, it’s vital that those around you support you and the decisions you make. After all, they’re going to be the ones to pick you up after a bad day at the office. You may also want to consider finding yourself a business mentor, to offer advice and guidance from the knowledge they’ve gathered for their time in the entrepreneurial world.

2. You Have The Financial Means

Money is the fuel source that keeps the world of business moving, which is why you need to ensure that you’ve got the cash you need to get your startup up and running. If you have any major debts right now, you should get those sorted before you go borrowing any more money. A debt consolidation site, like https://debtconsolidation.co, may be able to make this easier for you. Before borrowing from the bank, consider your own savings and borrowing from angel investors.

3. You’ve Written A Business Plan

Whether you intend to borrow money or not, every smart businesswoman needs a plan. This will serve as a support to keep your company on track and prevent you from making any avoidable financial mistakes. This business plan doesn’t need to be particularly detailed or long, but it should contain all of the information you need to know on every area of your company. You can visit https://articles.bplans.com/ for help and advice with this task.

4. You Understand The Risks Involved

Before you jump into your business planning, you need to make sure you do your research and understand all of the potential risks involved. Read business related books, check out a few business blogs, and speak to other entrepreneurs in your field. If you can, have a chat with individuals who have made huge mistakes in the past so that you know what to look out for and how to avoid them.

5. You’re Passionate About Your Ideas

Businesses might exist to make money, but, if you want to succeed, then yours needs to be about so much more than simple financial gain. Running a business is an exhausting and complicated challenge, and, because of this, there are going to be times when you want to give up. Unfortunately, in these moments, money alone won’t be enough to keep you going. This is why you need to be passionate about and emotionally invested in your company and ideas.

Quitting your job to go and become a businesswoman is a decision that shouldn’t be taken lightly. Before you make any huge commitments, make sure you look for signs that you’re ready for the challenge.

5 Signs You're Ready to be a Businesswoman - #entrepreneur #Career #bosslady #businesswoman

There’s no shame in pursuing a career for its high salary. After all, we work in order to be able to support ourselves and to provide ourselves and our loved ones with a comfortable lifestyle. So, if you’re looking for something lucrative, you may want to pursue a career in finance.

These careers not only offer great starting wages, but they also tend to have plenty of opportunity for advancement and promotion, and many individuals in the field find themselves taking home huge bonuses at the end of the year. There are all sorts of roles in the field, from investment banking to trading, analytics, financial advisory positions, and jobs in the financial media. But for now, let’s focus on one of the most accessible financial job roles that tends to always be hiring: accounting.

What Does an Accountant Do?

An accountant’s primary role is to prepare and examine others’ financial records. They take the information provided to them by self-employed individuals and business owners and ensure that these professionals know exactly how much tax they owe, allowing them to make sure that it is paid on time and that they avoid any fines for late submission. They may also be employed by a company to work out the tax that should be deducted from its employees’ salary too. If you do follow a career in accountancy, you will find yourself carrying out various tasks on a day to day basis to ensure that this all goes to plan.

You will give advice regarding how to maintain comprehensive financial statements. You will also examine financial statements, making sure that they are both accurate and comply with current laws and regulations put in place by the government. You will work out taxes owed and draw up tax returns on others’ behalf. You can also find yourself giving advice in regards to where and how a business or individual can save money and become more profitable.

Expected Salary

As we have previously mentioned, accountancy can be an extremely lucrative job. It is estimated that that average accountant makes around $68,150 a year. However, the best paid ten percent of accountants took home an average of $120,910 in 2016, so there’s plenty of room to make a lot more money per annum.

Competition

When a job role offers a good salary, there’s bound to be plenty of competition for it. This can be off putting to many of us, as we don’t want to invest time, money, and effort into developing a particularly skillset and pursuing a particular career, only to never land a job in the end. However, accountancy as a profession is expected to grow by around ten percent and it is estimated that around 140,300 new jobs will be established in the field by 2026. This keeps in line with the ten percent increase in financial job in general over the next decade.

Educational Requirements

The accounting industry is strictly monitored, and to engage with it, you will have to stick to a strict code of practice. Accounting is regulated by three main bodies – the Institute of Public Accountants (IPA), CPA Australia (CPA), and the Institute of Chartered Accountants of Australia (ICAA). You will need to be sufficiently qualified in order to enter any of these bodies, with the CPA and ICAA requiring a minimum of a bachelor’s degree in accounting, and the IPA requiring a diploma or advanced diploma of accounting. Without these qualifications, you will not be allowed to create and sign off financial reports.

Management

If you become successful in your field, you may find yourself becoming overwhelmed by the number of clients you are dealing with. But not to worry. You can make use of management services for accountants. These services free up your time by taking care of the administrative work that you will otherwise spend extended periods of time carrying out yourself. They can take care of your schedule, allowing you to get on with your work rather than dealing with phone calls and emails, and maximizing the number of clients you can fit into your working week.

Progression

The more experience you gain in the field, and the better reviews and recommendations you get, the more people who will seek you out as their accountant. Now, you will not be able to maintain all of the clients you have ever dealt with. A good way to progress is to slowly increase your fees. This will help you to maintain the best-paying clients and make the most profit from your work. You will slowly make your way up the ladder, until you have a client base of notable and affluent individuals who will pay you generously in return for your work.

As you can see, becoming an accountant will require a fair amount of hard work and effort, and you will have to dedicate an extended period of time to studying and building up a good base of clients. However, the pay that you take home at the end of the day will all eventually be worth it!

So you want to be an Accountant - Career Spotlight - #career #accountant #finance #careeradvice

The best employees (as in, the ones who get promoted) are unwaveringly responsible. If you want to hold a job and craft a career, you have to prove that you’re dependable and accountable.

Most responsible people know that they’re responsible because they feel the giant weight that comes with being accountable. Keeping your commitments is vital to your success, but it’s easy to over commit, too. 

If you’re wondering whether or not you’re responsible enough to make it in the workplace, try this quiz!

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Quiz: How Responsible are You? #quiz #responsible #career #adulting