One of the biggest challenges faced by those who are opening a dollar store is associated with inventory management. While sales may only be in the hundreds or low thousands on most days, that still means that an equal number (100’s to 1,000’s) of items have been sold and need to be recognized as no longer being available for sale. Faster selling item inventories need to be managed to insure that adequate inventory is maintained to allow sales to continue. Slowest selling items need to be recognized to determine the right steps to take in increasing sales or liquidating those specific items from your future sales inventory.

For most who are opening a dollar store the costs associated with inventory management software cannot be handled. There simply is not money in the start up budget to purchase the software. For those entrepreneurs plans should developed to use early profits to make that purchase.

All entrepreneurs who are opening a dollar store must put some kind of inventory management tools in place before their store opens. For smaller store that can be as simple as manual inventory sheets with specific timing for physical inventory scheduled. Focus should be placed on higher selling departments as well as the fastest selling items in the store.

Failing to maintain a constant inventory of in-demand items will result in sales losses. Not having in-demand items readily available will also motivate shoppers to move on to other stores that routinely maintain adequate inventories of those items. Once a customer is lost the time and expense associated with regaining that customer can be significant.

Are you opening a dollar store? No matter how big or small your store will be never forget the importance of adequate inventory management. Inventory management can help to insure that your store sales continue to grow and that you are carrying the right products to meet your customer needs.

To Your Dollar Store Success!

Discord is normal within families. Add to it the pressures of owning and running a business and conflict often rises to severe proportions. Not wanting to jeopardize the family or the business, significant problems are ignored with the hope that they will resolve themselves. The resulting bitterness leads to enduring arguments and painful family encounters. The prevailing desire is to escape and keep things as quiet as possible. This is no time to have a party!

In fact, it is time to have a party…a third party. Most family enterprise owners do not know that there is a systematic approach that will relieve tension immediately and begin the process of long-term accord and civility. A third-party intervention with a dyadic approach invites a trained professional to help those in conflict address long-term resentment and face disputes as they occur. The good news is that if you are still arguing, you are still engaged in communication and that opens the door for resolution. It takes two people to create conflict; it takes a third party to stop it.

It is important to note that stopping does not mean ending conflict altogether. You cannot eliminate disagreement. You can, however, manage it, handle it, replace it and learn the techniques to diffuse it. Unfortunately, conflict management skills do not come as naturally as one might think. We were never actually taught them. If we want peaceful relationships at home and in the workplace, we have to learn what they are and how to use them.

A dyad facilitator can change the entire dynamic of a dispute and show you practical skills to stop painful arguments. The third-party offers a neutral perspective and can actually suppress the escalation of conflict. In front of a third party, we tend to control our hurtful words, curb our attacks and, with guidance, stay focused on the real issue at hand. The goal shifts from confrontation to cooperation. It is no longer about your way versus the other way, but the best way for both parties to have an agreeable relationship. In this safe environment, you will be encouraged to speak out, speak up and speak often. You will have the opportunity to state your full position without interruption and diversion. The objective third-party has the ability to see both perspectives and respect each person’s needs. The third-party does have a personal interest too…peace. This does not necessarily ensure resolution, but it does offer a more promising outcome than continuing nonproductive battles. This is the third-party solution.

How does it work? The dyad consists of two people in controversy and a dyad facilitator. The facilitator asks each party to come to the table with one or two critical issues regarding the other party. Each issue is addressed separately and for as much time as is necessary to reach mutual understanding of each aspect of the issue. Often the issues are as simple as longstanding misunderstandings due to inadequate communication. Other issues are more complicated and will require compromise, or trading.

The dyad process skips over the angry interchange that may have blocked negotiation in the past – and goes directly to negotiation. The mediator manages the disruptive interference of open expression of emotions and keeps the process focused on the key issues while chipping away at the underlying layers of anger, frustration and resentment.

It may sound painful, but the process is powerful, positive and enriching. It can be the first time you are listened to without interruption. You find that you are shocked that you can discuss the issue and not be distracted by the associated emotions. And, most often, it is the first time you are heard and understood. You will start to notice that you “save” your arguments for the dyad sessions instead of erupting at each exasperating situation. It is this “planned conflict” that gives you a safe time to address business and personal issues with the objectivity of a third-party, and thus, allowing you the opportunity to enjoy being a family.

It is no secret that contention in the family enterprise often results in the end of the business, the demise of the family or both. So, yes, it is time to have a party. Invite a skilled, trained third-party into your business and family and feel the effect of immediate relief.

STEP 4: Organizational Structure

This is the step where I need to select an organization structure that best fits my business model. I personally find there is no “best” structure for all businesses. However, I normally prefer to select one that provides me with high autonomy and low tax liability. Again, this will also depend on the national, federal or local tax structure for each business entity in the country or state I conduct my business.

Before setting up my company, I would do insight research on all the options available for my particular business model, particularly the advantages and disadvantages of each formation, paying special attention to the tax implication and government formalities as well as red tape in the location or country where I operate. I never assume all countries are similar.

Let’s take a look at four common forms of business ownership:

1. Sole proprietor

2. Partnership

3. Corporation

4. Limited Liability Company

Before selecting the form of business, I always find it best to work closely with a lawyer or a financial planner to ensure I have the right information, compliance and resources that allow me to make the right choice.Sole Proprietor

This is a very popular form of business in many countries (i.e. America, Canada, UK, India, Australia, Hong Kong, Malaysia, etc.) because so little is needed to set up a sole proprietorship. Apart from local business licenses, there are minimal government fees and paperwork. It is instant, cost effective and minimal (or even zero) compliant requirements by local authorities.

On the other hand, there is also considerable risk to consider. The owner’s personal assets are vulnerable to creditors and other liabilities. Sole proprietorship doesn’t get the advantage of certain tax breaks that are reserved for Corporation or Limited Liability Company.

In short, this form of business is very ideal for home based business that has no massive inventory or a high number of staffs.Partnership

Similar to sole proprietorship, this form is very easy to set up and maintain, requiring minimal government fee and paperwork. The initial setup cost and maintenance fees to run a partnership are very low. Moreover, no capital is required to form a partnership. Each partner is not required to raise any capital to start this form of business.

On the downside, each partner is required to account full responsibility for all the company’s debts. If one of the partners defaults on a company loan, creditors can actually go after your personal assets and belongings. Besides that, capital raising is also very limited in a partnership. Just like sole proprietorship, partnership doesn’t get much tax incentives.Corporation

There are a few types of corporations available depending on the location or country the owners conduct business. However, most corporations (in many countries) share similar characteristics.

The key advantage of incorporating a business is that it shields equity holders (owners) of the company from personal liability. In other words, if business hits hard times, creditors cannot go after the owners’ personal assets to make up for any company debts. Yet, most creditors nowadays would require the owners of the corporation to guarantee the shortfalls if the company goes under. Besides that, a corporation offers significant tax savings (usually not extended to sole proprietorship or partnership), greater business flexibility, company name protection and better opportunity to raise capital via venture capitalist or financial institution.

Bear in mind that corporations are not cheap to set up. It requires some initial set up fees and certain amount of regular maintenance. With a corporation, you have to keep a proper set of financial records, audited by a certified accountant. Depending on where the business is conducted, some government or local authority would require a minimum set of compliance and would also require regular fees to be paid.

There is one option that a corporation possesses - that allow owners to sell their shares of stock to the public (known as public listed corporation). Then this will involve higher startup capital (usually runs into the millions), more legal and meticulous accounting compliances to adhere to.Limited Liability Company

As for many new entrepreneurs, choosing a business structure comes down to liability protection, low startup costing, tax savings and convenience. This form of business requires fewer formalities and less on-going paperwork than corporations while offering the same personal liability protection and tax flexibility. Just as with a corporation, the company name is protected, and the other members of the company are shielded from creditors and other company liabilities such as lawsuits. A limited liability company only requires the owners to keep minimal company records, and there is no limit to the number of equity owners.

Nonetheless, this form of business is dissolved when a member dies or undergoes bankruptcy. In comparison to sole proprietorship or partnership, it has more paperwork and complexity to set up and to be maintained.

Disclaimer - This article may be freely reprinted in its entirety in any e-zine, newsletter, blog or website. The author’s name, bio and website links must remain intact and be included with every reproduction.

Dave J, is an E-preneur, NLP-Certified Business Coach and Author. Within a decade, Dave J has served as an advisor to countless small-level to high-level business leaders around the world. Despite such a short span, Dave J has becoming a highly-respected authority on the psychology of business leadership, business startup, management and marketing. His forte is coaching ordinary people to attain professional and financial breakthrough.

Once I have done all the preparations, I would start creating a detailed business plan - a document that will provide the priorities, strategies, agenda and sanity I’ll need to startup my business.

In my experience and observation of the business world, the “activity” of creating a business plan is as valuable as the end product itself. Just remember that the most important audience for a business plan is ME. I am accountable for all the statements, claims, statistics and facts. So if I try to “twist” the figure, I am actually lying to myself!

The business plan can also aid me as a tool to generate interest from financiers, venture capitalists, staffs, suppliers and strategic associates.

Regardless of the structure or format of my business plan, I will ensure that my business planning must contain answers for the following twelve questions:

1. What’s my business idea?

2. How does my idea address consumers’ needs/wants?

3. What business model suits me best?

4. What’s unique about my business idea over the rivals?

5. What is the market opportunity and potential?

6. What is my role and responsibility?

7. Who are the key staffs or workers (skip if I do not have any)?

8. What price will the customer pay and how will they buy?

9. How much money do I need to start and run the business?

10. What’s the source of my capital?

11. How will I measure the success of my business?

12. What are my key milestones?

While preparing my business plan, I would cover all the elements of a business plan shown in DAY 3. Just for your study aims, I have attached a sample business plan at the end of this section.

I must ensure that my business plan is concise and neatly formatted (i.e. Microsoft Word document for the bulk of the plan, with any financial documents as attached spreadsheets in Microsoft Excel), and need not include fancy graphics, flowery language or photos. The easier I make it to read, the better.

Alternatively, there are occasions I work better with business plan templates and wizards. Hence, I would search online as there are many business planning software packages available that only cost in the neighborhood of $100, as well as a few free online business plan templates. I would normally spend some time searching for the right software or templates to aid me in constructing my business plan.

Disclaimer - This article may be freely reprinted in its entirety in any e-zine, newsletter, blog or website. The author’s name, bio and website links must remain intact and be included with every reproduction.

Dave J, is an E-preneur, NLP-Certified Business Coach and Author. Within a decade, Dave J has served as an advisor to countless small-level to high-level business leaders around the world. Despite such a short span, Dave J has becoming a highly-respected authority on the psychology of business leadership, business startup, management and marketing. His forte is coaching ordinary people to attain professional and financial breakthrough.

Once I have selected the kind of business I want to do, I would brainstorm how to run the business. In today’s technology, there are many business models to choose from i.e. part time or full time, at home or totally mobile, online or brick and mortar business.

But the key is to choose a business model that fits into My Ultimate Plan. I do this to make sure that I spend the right number of days each month, take the right level of risk, investment wise and attaining the level of satisfaction that I want.

First thing first: How much time do I want to devote to my business?

If I only have three days to spare in a week, I cannot start and run a business full time. I will need to do it part time, to adapt my business to time consuming obligations that I already have, such as my day job, parenting responsibilities or other activities that would refrain me from doing it full time.

Once I have determined whether I would do the business full time or part time, I will need to identify the right type of business models to fit into my current situation.

I have complied six common business models here:

1. Home based

2. Brick and mortar

3. E-commerce

4. Franchising

5. Licensing a product

6. Multilevel marketing

Home based

Using the latest technology, anyone can create a legitimate and competitive business from home. In fact, this is the cheapest and fastest way to start an enterprise. It can be run full time or part time, Internet or non-Internet based.

Brick and Mortar

It simply means a business with a physical location outside the home, either leased premises or purchased. It involves a dedicated facility, whether retail, wholesale, service or manufacturing. This model usually involves relatively high capital.

E-commerce

There is no foot traffic in this business model. All the customers will purchase online, from A to Z of the transaction. The owner can sell and service the product/service through an Internet portal capable of collecting payment. This can apply to business that sells directly to customers or to other businesses.

Franchising

This model refers to buying a successful business model, which makes the buyer the “franchisee”. Usually, there will be a franchise fee upfront and a portion of the revenues over time to be paid to the franchisor. Everything the franchisee needs to know on starting and running the business is provided by the franchisor, including the equipment and sometimes, goods and services.

Licensing the Product

Any designer, expert, innovator or anyone creative enough to conceive a product or invention that people would buy but do not want to run the business, can still take advantage of a great product idea or invention by licensing it to another company that has the entire infrastructure in place to effectively manufacture, market and sell it.

Multilevel Marketing (MLM)

This is another business that could be started instantly and with low startup cost. However, to excel in MLM, one must have traits of perseverance and determination. MLM is a marketing and distribution structure. People at the top sell to those below them, who in turn sell to those under them. The higher one achieves in the structure, the more income one derives. Anyone chooses this model must be cautious before deciding to jump into the bandwagon as some MLM attracts its members using “greed tactics”!

Whichever option it may be, I would definitely do some research on its pro’s and con’s as well as the level of suitability to the kind of business I am going to venture into.

Disclaimer - This article may be freely reprinted in its entirety in any e-zine, newsletter, blog or website. The author’s name, bio and website links must remain intact and be included with every reproduction.

Dave J, is an E-preneur, NLP-Certified Business Coach and Author. Within a decade, Dave J has served as an advisor to countless small-level to high-level business leaders around the world. Despite such a short span, Dave J has becoming a highly-respected authority on the psychology of business leadership, business startup, management and marketing. His forte is coaching ordinary people to attain professional and financial breakthrough.

STEP 7: Support Team

I found out that many businesses went bust before they even went fully operational because they did not start right. Starting right can mean the difference between success and failure. It simply means I should have all the tools, information, facilities, contacts, money management and government compliances all fully prepared and organized. The four key professionals who could help me in getting all these logistics organized and put my organization on a path to starting up smartly and cost effectively, are listed below. They will also be instrumental as my business grows.

1. Accountant/Financial Planner – I need a qualified accountant’s expertise to ensure that my cash flow is in good order, expenses are well managed, tax liability is minimized and book-keeping is well organized. In some cases, a financial planner could cover a wider scope than an accountant.

2. Lawyer – An experienced lawyer will ensure that all agreements with my associates, staffs, and third parties are placed under well drafted contracts to protect my personal and business interests.

3. Banker – A banker can be helpful as the business gets running because I may need some financial facilities (i.e. short term loan, credit facility, checking account, treasury management) that can be useful from time to time.

4. Insurance Professional – I need an experienced insurance professional to identify all possible risks that I may encounter and insure all those risks cost effectively. I won’t attempt to cut corners in this segment and land myself into any possible financial liability.

In addition, there are other supports that may be vital to certain types of business. Of course there is a long list of people who can help an entrepreneur along the way depending on the nature of the business. However, I manage to sum up four important supports that all business entrepreneurs should not miss out. The four are listed below:

1. Website Designer or Programmer – These folks could help me build my multi-functional Website that would be the backbone of my entire business if my business depends heavily on online transaction. A web presence is also essential for my company’s brand positioning and customer after sales service.

2. IT Specialist – This kind of consultant could assist me to set up a paperless office system and an effective computer system to minimize office operational expenses. Besides, an IT Specialist could also ensure all business data and client database are well managed, hassle free and accessible.

3. Real estate agent – When owners are venturing into a brick and mortar business model, they definitely need an experienced real estate agent to advise them on the overall cost of leasing or purchasing, location suitability for their particular business, amenities and parking facilities, monthly maintenance and whatever hidden costs.

4. Local business council/association – I would definitely join a local business council or association (usually there is a small joining fee) and find out what kind of support or advisory they could provide. Normally the group members conduct a regular forum or meeting, where members could seek out solutions to many of the existing problems and foreseeable roadblocks. Many of them would have walked through the problems and could share with me some valuable insights.

Before I start my search for any form of assistance and support, it’s crucial to know what I want to accomplish with each of them and prepare a well-defined budget to meet my goals. However, I would be cautious as certain supports may be expensive! Once I hired them, I would work closely with them to attain my business goals in a strict timeline.

Regardless of who I retain, they should be well versed and experienced in the field of business I am involved in. Most importantly, I must be able to trust them, therefore I usually select my service providers through referrals, their years of experience (which is a key factor) and I must be comfortable dealing with them.

STEP 6: Funding

This could be a very important step for businesses that require capital to startup and funding to keep overheads and inventories on track. Finding funding is not difficult. But getting the right funding is crucial. Of course there is a saying that goes, “beggars can’t be choosers”! Nonetheless, startup owners must be smart when seeking funding or it could turn their dream business into a nightmare.

I would normally identify my short term and long term business goals and the kind of business I am planning to launch. Once I finalize my directions, I would then identify which form of financing is right for me.

As money comes in many forms, let me tackle the available options to fund any kind of business:

* Oneself
* Debt Financing
* Grants
* Friends and Family
* Venture Capitalists

Oneself
First of all, I believe startup owners should look no further to find the funding they need i.e. savings, emergency accounts, credit cards, equity pulled from their home, extra cash from downgrading their car, etc. The upsides are owners get to maintain full control over their businesses, no equity holders to pay off if they made it big and there is no responsibility to report to anyone.Nonetheless, if the business fails, they will face a lot of personal debts, high interest to pay off that could burden their monthly expenses and it limits the growth of their business (especially when they need more outlets or inventories for strategic growth).

Debt Financing
It refers to traditional bank loans. The lending process is inherently a tough one, but it’s also a system that has been the catalyst of success for many small-and-medium-scale business startups. The advantage of debt financing is owners don’t have to give up part of their business equity or control. Besides, they have instant access of capital when they need most throughout their business operation.
The core disadvantage - not many “new kids on the block” will qualify for bank loans because it typically goes for business with 2-5 years of history. Moreover, personal collateral is usually required to obtain any bank loan and if they failed to pay the loan they may end up filing for bankruptcy.

Government Grants
Grant is a very subjective form of funding because its source usually comes from government. Different governments at different times would launch different funding programs, but they all share one commonality; it is free money program designed to fuel the innovative fires of small businesses, and typically target specific groups or types of businesses. Of course the greatest advantage of getting a grant is owners need not payback even if the business failed.Then again, the competition is stiff for grants as there is a high level of rigid red tape to be complied with and the usage of the grant (after being approved) are usually well defined.

Friends and Family
Just like it describes, a simple and direct way to raise capital in exchange for equity or as a loan to be repaid. The good side of borrowing from friends and family is, it’s less hassle, quicker and has less contractual obligations. The bad sides are the fund size is limited and the consequence of losing their money could lead to a sour relationship.

Venture Capitalists
They are made of individuals or organizations with large amounts of capital to invest in your business in expectation for higher returns. Getting investment from venture capitalists is equally as demanding as borrowing from the bank. They are demanding because they only invest in established companies. They usually get involved in the company’s decision making, and they must have an aggressive exit strategy to sell the business. Usually, they prefer a fast growing company i.e. Internet-based company.

Nevertheless, the upsides of venture capitalists’ funding are they can provide owners with powerful networks or contacts and owners need not payback if the business failed because they have big reservoir of money for owners to tap into.

It was 4:30 in the afternoon at a Chamber of Commerce networking event. Health professionals, insurance agents, brick and mortar businesses, recruiters and guests gathered inside the House of Blues to take part in the hoopla. Announcements, Chamber news, door prize results and up-tempo music blared from the speakers.

Two dozen display booths formed at the center while others hugged against the walls. I was busy ogling at the finger foods, salads and refreshments. You couldn't walk five feet without someone assaulting you with their business card in your face.

Everybody was intent on selling you their product, package or program. They wanted you to notice them. Whether you wanted to or not. And maybe one person in one hundred seriously wanted to trade notes, share ideas or look into a profitable partnership.

Which made the whole affair a big yawner...

These are total strangers trying to convince you they have the secret tool that will make you more money and save you more time. They believe relationship selling is conducted by them giving you their 30-second commercial, and then something clicks and a bright light bulb appears above your head and you respond with, "You have exactly what I need for my business. I've been looking for your product forever. Why haven't we met before? Give me a call so we can do business."

Which isn't so bad in itself...

Because lurking in the shadows are the energy-zappers. They love to go phishing at these functions. They usually hold a low-salaried day job—which is not quite affording them a luxury lifestyle. So they work these events attempting to sell you on their promises.

I got prospected with one deal that recruits others to promote a postcard mailing service. And then there was the embedded video e-mail that's the first to arrive in my area. (Give me a break.) And how about recruiters attempting to recruit you to become—you guessed it—their recruiter.

Do you know what's even more hilarious? These flim-flam artists recruit one another into each other's program. They sign up underneath each other creating some sort of incestuous business village. And within a few months, they'll abandon that deal when they've finally found the Mother of All business opportunity.

Their goal is to enlist you beneath them by pressuring you with, "Success is timing. You've got to get in now. Before it's too late."

Does any of this sound familiar?

What's unfortunate is that a lot of decent people get swooped into these deals. They get sucked into the latest opportunity vortex not knowing they could be harming themselves. There are certain warning signs that always appear.

Let's look at some of these red flags:

1) When there's a little too much excitement. Enthusiasm is a must for any opportunity, but when it gets overboard—be careful.

Let's say the opportunity recruiter tells you this elaborate story of how the founders are saving the world with their product. And how you can get in on the ground floor. And all the money you can make if you joined today. And how the founders are setting all sorts of income records in their industry. And all you have to do is get the Deluxe Executive Package to lock-in your position.

Well, the opportunity may be solid, but you may not want to join under this recruiter. Locking you in doesn't automatically pay you lots of money. Hard work does.

Invest the time to research the company, its funding, the products, the pay plan, the owners, and listen to a teleconference or attend a local meeting before making any decision. Please don't make a rash choice.

2) Getting sucker punched. One of these slimy vermin requested, "Let's do lunch. That way I can find out what you do and tell others about you."

In the meantime he wanted to run a direct mail campaign (to every local real estate agent in the county) and wanted me to critique his letter. He didn't have the money (they always say that) to pay for the critique. So I didn't cooperate.

I conduct business on a value for value exchange. If I don't get my price, I don't do the deal. Never cheapen your services for anyone unless you are giving back for a good cause.

By the way, we did do lunch. I made a few brief comments about his letter. But he never tried to thank me. I seldom saw him afterwards. Good riddance.

3) The dizzy entrepreneur. You are held hostage by an opportunity presentation. She tells you how this supplement has cured her cancer, removed her wrinkles and made her into an Energizer Bunny in the bedroom. This is the Holy Grail of nutritional supplements. Then she hands you a sample.

But of course she has different calling in life...

And she can only do this business part-time. Besides she works the retail position at Sears for the medical benefits, volunteers for the Make-A-Wish Foundation, chauffeurs her kids, and her cuddly poodle always needs attention. But YOU can really take-off with this opportunity because of the unlimited income potential.

Has building a wholesale business become a total challenge for you? Have you recently bought a package and ask yourself in silence, what do I do now? You are not alone- it happens to all of us one way or the other. There are simple solutions that you should implement in order for your online wholesale investment prevails for years and years ahead.

Whether you are 30, 40, 50 or 60 years of age or more with life expectancy being on average for men 74 years of age and a whopping 82 years of age for women as of most recent 2006 data- you do have plenty of years to initiate or grow a business for a more healthier and increased quality of life.

The facts are overwhelming if you get to educate yourself first, before committing to invest into something unknown. One of the best things many of us could do right now is get into a business we both love, know and share a passion for. It would be much simpler to work on and faster to finish deadlines.

Why get into a business that you do not know anything about? Only one reason comes into my mind, because of the wide profit margins. Such issue can be resolved easily if you have the budget or the time to invest in it.

You could either hire someone to do the routinely jobs on the net for you or you can work everything yourself in the beginning stages. While it may not be prudent to work everything yourself, you have more than acceptable options if you want to enroll or buy a business mainly because of the great profit margins the market currently carries.

One of the initial stages you should be in is the education start up stage. You should educate yourself first before believing anything said or confirmed on the Internet. Taking educated decisions obviously should reduce your risk, so it should be your start. Secondly, in order to make wise decisions you should only trust authority and reputable sites that know exactly what they are publishing.

Believing what many nuts in this world will get your pocket dry, if you are skeptical about certain people or certain expert figures- ask questions first and then make proper conclusions if a worthwhile investment should be met. In a nutshell, make your own due-diligence, ask questions and get answers from proper sources. And it is a period for the day.

Could you allow your family to pay a potential 30 percent to 50 percent of increased taxes from the already current tax rate, so the upcoming baby boomers can hit the golf course at sixty-two while they drink gin and tonic all the way till they hit 85 years of age? Building a business or better yet, a wholesale business these days have never been so crucial for many of us than ever before.

The lack of discernment and consideration from our U.S government was to be expected. Those who were born from 1946-1964 are expected to cash-in for the baby “Boomsday” year. When many of our family members and friends hit the age of 62 years of age, as of now, it could mean $2.7 trillion in federal budget debt that would have to be paid up for generations to come!

Can you imagine what could be having the baby boomer generation- about 77 million and counting- turning 62 and 65 years of age from all US states and territories in this up ahead booming years, year 2011? With Iraq being a total mess and global warming being the spotlight for the potential years to come-what could your paycheck, savings and income mean to you and your family for the foreseen 2011? Will you leave that to George Bush, Al Gore-faith?

Get to know even more facts that could affect your job, investment and wholesale businesses. What are the approximate ages of today’s authority politicians in our US government? There is no need to perform much research for it, it sure is easy to deduct. With a quick realistic minimum view, more than 50% in positions of power are baby boomers. Do you think any politician with power or those who can be heard by others who outrank them will want their Social Security or Medicare plan to be affected in cost, upon them getting to retire?

Right now it sounds like first class tickets to Carnival Cruise are going to be fully booked for 2011. If nobody with higher ranks in our US government does something enlightening to fix this huge loophole of upcoming increased tax rates thanks to the millions of Baby Boomers that are up for retirement cashing in their social security and millions upon millions getting granted the maximum coverage of Medicare- many will hate the market, others will definitely love the market.

The rich will get richer, the poor will get poorer. Inflation all the way through every industry, a regular sandwich costing more than Kennedy Space Center dinner for two and if you are between the ages of 18-35, instead of having 2 jobs like many people in the medium class have, you will have to get either an acceptable pay raise at your job to survive, potentially work on 3 jobs or in more calm ways of writing it without counting possible realistic up-ahead additional drama or for say, sounding too cynic- you build businesses online as the potential solution!

You have a plethora of options to choose. Would you like to work harder and more, or would you rather work harder for a proper amount of time with financial purposes counting family and stay relaxed when the bad days come? The facts are all over, will you be swept away by hope and belief in our current government or will you carry the torch for the years ahead with so many facts about our upcoming 2011 “Boomsday” year. You should ensure your financial future for the years ahead, make smart decisions based on the already available facts and you should be more than fine!