What Does NRE Account Have To Offer?

Jan 18 2024 Published by admin under Uncategorized

When settling overseas for jobs or even going there for a holiday, it is better to be financially prepared. Emergencies come without warning, be it in India or any country in the world. Therefore, while they are away from their parents living in India, many Indian migrants choose an NRI account to help them meet their costs. They try to save money in foreign currency, but, upon conversion, it switches to the local currency of the recipient country.

To open the NRE accounts, individuals and applicants are required to meet eligibility requirements which are different for each bank and financial institution. Without these, the applicant cannot request the account.

Following are the conditions for opening this account:

The individual should have a job, own a corporation, or practise some trade in a foreign country.
The applicant should work for at least 182 days with the Indian Navy, an oil rig, a registered foreign airline, or an overseas shipping firm, specifying that he or she is outside India’s domestic territory.
The goal of many students is to seek education in foreign countries. They are also given a chance to gain from this account.
Following are the benefits of opening this account

One of the key benefits of the NRE accounts for individuals is that, through the Portfolio Investment Scheme (PIS) or NRI Portfolio Investment, they can participate in the stock market trading and various investment schemes funded by financial institutions.
Individuals with NRE accounts can enjoy tax-free interest income on their deposits under the Income Tax Act 1961.
Without significant risks associated with stock market volatility, NRIs investing their funds in any fixed deposit account may get substantial NRE savings account interest rates on total deposits.
Individuals may deposit their earnings from a foreign nation into an FCNR without conversion to INR. NRIs may use it to prevent fluctuations in the exchange rate that reduce the value of the deposit.

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Insurance in Nigeria

Jan 18 2024 Published by admin under Uncategorized

Today’s insurers face a wide range of complex challenges, from navigating financial market uncertainty and evolving consumer demands to outpacing digitally savvy new competitors. While these factors may add new risk, they also present opportunities for insurers, reinsurers, and brokers, to rethink strategy, redesign financial and capital models, revamp sales, service and support processes with technology, or explore new growth in emerging markets or through product innovation.

Intensified regulatory scrutiny and enhanced compliance and capital requirements through Own Risk and Solvency (ORSA), IFRS and Solvency ll regimes are at the forefront. Tax Morality and Transparency rate high on the agenda. Modernizing technology and processes to derive value from the vast volume of data, securing the best talent from an ever shrinking pool, and driving efficiencies in front and back office operations will continue to challenge business models for several years to come.

KPMG’s multi-disciplinary insurance teams, led by senior partners with deep industry expertise and strong client relationships, emphasize collaboration and knowledge transfer to help ensure your organization is empowered for the future.

KPMG member firms recognize the importance of innovation in the insurance industry as technology has constantly disrupted this space. The thought leadership materials capture these disruptive technologies and where the industry is headed.

Insurtech 10: Trends for 2019
The insurance industry is on the brink of a major revolution as adoption of insurtech enters a new phase.

Data is the driving force for these innovations, as it remains tantalizingly close, but not yet in the full control of many businesses.

There are no quick fixes that allow insurers to clean up their data. Insurtech is the means to transform insurance from an arcane policy-led industry into one that succeeds by placing the customer at the heart of everything it does.

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Accelerated evolution: M&A, transformation and innovation in the insurance industry
For the insurance industry, the need to find new opportunities for sustainable and profitable growth has become an imperative. Agile competitors are emerging, demonstrating the potential to leverage technology-enabled business and operating models to more effectively and efficiently engage with customers — and meet their changing preferences and evolving protection needs.

Click to download and read more on this article.

Clarity on Insurance Digitalization
Digitalization – the next stage in technological innovation. As it throws up new opportunities and challenges, the sheer extent and speed of change can be daunting. Yet staying ahead of latest developments is critical to avoiding becoming a ‘digital dinosaur’ who is out of line with customer expectations.

In fact, digital change affects almost every aspect of an insurer’s business, from customer offerings to internal processes. Given the breadth and speed of change, only a truly agile culture can enable an insurer to continually adapt and reshape itself to stay relevant in this rapidly changing environment. Not to mention becoming a digital leader in customers’ eyes.

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General Insurance Industry Review 2018
Insurance profit for the year ended 30 June 2018 was up 4 percent to $5,010 million, a further improvement on the previous year’s strong result. Favourable net perils experience and higher than expected reserve releases contributed to this result. This is line with our prediction last year as the industry benefits from the long awaited upswing in the insurance cycle.

Click to download this report.

Insurance technology: Progress on digital strategies
The emerging technology radar breaks down disruptive technologies and shows their expected time to impact and the size of impact.

Emerging technologies that are impacting industries today or will make a significant impact within five years are defined by radar as ‘strategic’. Companies are seeking to fully understand and proactively implement solutions in these areas.

Click to download and have an extensive read on this article.

The New Deal: Driving insurance transformation with strategy-aligned M&A
Disruption is shaking the fundamentals of the insurance industry. This is true structural change, not just a cycle. New technologies, new competitors, new markets, new regulations, and changing consumer behaviors are all creating tremendous opportunities, and posing significant risk to the legacy insurance business model. To succeed in this dynamic environment organizations are reevaluating their portfolio of business and rationalizing their global footprint to strategically determine ‘where to play’ and ‘how to win’ in the future. One of the immediate consequences of this trend is the expected rise in deal activity in the global insurance industry.

Industry participants are increasingly getting more strategic about their inorganic growth initiatives. Traditional approaches to mergers and acquisitions (M&A) which have been largely reactive to immediate deal opportunities, are no longer sufficient. Insurance executives and their shareholders expect their investments to drive transformation within their organization over the long term, rather than deals that could be financially accretive in the short term but are not sustainable.

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List Of Things One Should Consider Before Going For A Home Loan

Jan 18 2024 Published by admin under Uncategorized

A credit score is one of the most significant and fundamental factors which banks consider prior to giving any loan to their clients. Along these lines, any person who wants to benefit a home loan ought to keep up a decent credit score as it is a fundamental prerequisite to apply for any sort of loan inside the financial area. Along these lines, it is imperative to have a CIBIL score of more than 750 to have the option to benefit a home loan and acquire better interest rates on your home loan.

Interest rate

Each individual should check and consider the home loan interest rate of a few banks and budgetary foundations. Any individual who needs to profit home loan should think about various moneylenders for the least interest rates accessible. Before that one ought to know about the various kinds of interest rates accessible.

Home Loan Tenure

Each person who wants to benefit a home loan ought to choose home loan tenure prior to profiting a home loan. Your home loan EMIs legitimately rely upon your home loan tenure. Banks will in general lean toward home loan candidates with more limited reimbursement period. The short reimbursement period is likewise valuable for you as it diminishes the home loan interest trouble on your EMIs.

Processing Fees

Processing fees are the charge that any home loan borrower needs to pay to the bank once the home loan application is acknowledged. For the most part, various banks or money related organizations energize loan processing expense to 1% of the home loan that they dispense. You have to look for the correct bank that charges low processing expense or charge irrelevant processing fees.


Equated Monthly Installments is the instalment that a borrower needs to make each month towards reimbursement of the home loan. The EMI sum relies upon you. EMI sum likewise rely upon the down instalment you make at the hour of purchasing your home. More the down instalment you make lesser is the pressure of remarkable sum which will change over into EMIs.You can Calculate EMI through Home Loan EMI Calculator.

Home Loan Documents

Prior to profiting a home loan, you should consistently peruse the terms and states of your bank or monetary foundation cautiously prior to marking the documents identified with your home loan. You ought to know about the various charges, fees and punishments referenced in your home loan archive.

Down Payment

By and large, when you profit any home loan, you are needed to pay 10% to 15% of the all-out home loan sum as down instalment. The remainder of the home loan sum is changed over as your home loan EMI, which you will be needed to pay monthly. On the off chance that you have surplus money accessible, you can build the down instalment as it would assist you with saving money on the interest to be paid in future.

Canara Bank home loan offers interest rate at 6.90% to 10.05%, with loan tenure stretching out as long as 30 years. The processing expense remains at 0.50% of the loan sum. Both salaried and independently employed people can apply for Canara Bank home loan that can be benefited for home buy, plot buy, home development and home remodel.

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IT Consulting Services: Which Benefits Might They Provide?

Jul 07 2023 Published by admin under Uncategorized

When key decision makers are looking to cut costs within a business, the first instinct is to consider the department that currently spends the most cash. This department is typically the information technology (IT) department. Tech and internet-based businesses especially invest huge cash sums in state-of-the-art machines and highly skilled tech support employees. While this department generally spends the most money, it is sometimes difficult for businesses to justify cutting costs as they do not want to reduce this department’s capabilities. In order to cut costs, these businesses choose to hire a technology expert to provide IT consulting services. These professionals use their years of experience with assessing IT configurations and deciding which aspects of the configuration need to be outsourced to a managed services firm in order to provide cost cutting advice. Hiring these professionals to identify areas where resources are being wasted will not only deliver cost savings for the company, but will also supply many other benefits. Business owners can expect IT consulting services to provide:

An Objective Viewpoint

When businesses are looking to cut costs, a lot of tough decisions must be made. Often the best decision is not the decision that a manager wants to make, such as when he or she needs to lay off one of his or her favorite employees. Individuals who provide IT consulting services approach every decision without bias or a personal stake, allowing them to deliver the best advice. These professionals do so by asking tough questions and sharing complex solutions, while an internal analysis of an IT configuration is less likely to expose these thoughts.

Team Member Focus

An internal audit of the efficiency of IT configurations will call for employees to spend more time on the audit and less time on the tasks that they were originally hired to complete. Not only will this lead to a loss of productivity, but it is also very likely that results are low-quality as employees are not as experienced as those who provide IT consulting services full-time. Companies could choose to hire an IT evaluation specialist to complete this analysis internally, but doing so will cost the company more money than it will cost to bring in a consultant.

Lots of Experience

Individuals who provide IT consulting services reach this point because they have so many years of experience. These professionals have assessed IT configurations for companies of all sizes, and know from experience how to identify problems. They can even use past experience to suggest specific managed services for companies that are better off outsourcing virus protection, security, data backup, or other essential services. Finally, these professionals have built up enough knowledge about specific machines to make recommendations about particular brands and models that a company should consider purchasing. These professionals can then train employees on how to use these new machines.

To acquire cost savings and IT efficiency in the most convenient way possible, companies should look for a managed services firm that also provides IT consulting services, as these firms can take care of both needs without forcing the company to waste time with additional research on service providers.

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How Biotech Consultants Are Helping to Drive Industry Partnering to New Levels of Efficiency

Jul 07 2023 Published by admin under Uncategorized

Capitalism has led to an increase in competition between organizations. This competition drives improved efficiency through an elimination of inefficient firms and the expansion of efficient firms. Of course, each industry does not operate in a vacuum and organizations in one industry adopt the best practices present in other industries. Biotech consultants help to improve the efficiency of organizations in these industries by adopting the best practices present in both the biotech industry as well as organizations around the world.

Improved best practices can impact a variety of different functions. Internal controls prevent fraud and help to develop an information trail that can provide improved financial data. This improved financial data can be used to make financial decisions by management and can therefore drive additional efficiency through improved organizations. A pharma consulting firm can help identify weaknesses in internal controls and work to strengthen them with the assistance of management.

Pharmaceutical consulting firms that specialize in the biotech industry can help organizations improve their operations through certain common practices. Although variances exist, this often leads to organizations reorganizing their research functions and limiting the size of their administration costs. Many large pharmaceutical companies conduct significant amounts of research that is done in a rather unorganized manner, with organizations not appropriately communicating between divisions information that is gathered regarding certain drugs. Pharmaceutical consulting firms will often reorganize these processes and improve communication between divisions and allow them to communicate and have access to research conducted.

Administrative costs often make up a significant amount of an organization’s cost structure. By trimming these costs an organization often becomes more efficient. A biotech consultant can assist in identifying costs that can be eliminated and making difficult decisions regarding which positions to eliminate. This also has the added benefit of making an organization more attractive for industry partnering. Industry partnering may involve a merger or acquisition or a joint venture developed between two organizations. Pharma companies often enter into joint ventures to share the costs of drug development.

By reorganizing and improving the storage of research information, a biotech consultant may improve access of information for industry partnering for a joint venture project. Information can be more efficiently accessed by the joint venture, while classified information the organization does not want to share can be protected and not shared by the company. The use of a pharma consulting expert can help to implement these processes using the best practices within the industry which can promote and drive industry partnering.

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Sales Training Consultants Help Boost Your Team’s Sales and Profits

Jul 07 2023 Published by admin under Uncategorized

Sales managers are constantly jumping from one issue to another to find out why their sales forces are not reaching sales goals. But many are not looking at the problems that face their teams as a whole. Sales leaders need to not only understand the challenges their sales forces face every day, but also how they can improve their performance and, in the process, increase profits with the assistance of sales training consultants.

The Challenges Today’s Sales Force Face

Today’s market is competitive and extremely challenging. Your sales force is not only competing against similar companies, but the economy as well. Some common challenges include:

• Customers are taking longer to make decisions
• Customers are more cost-focused than value-focused
• Companies are requiring more proposals and sales wins than ever before to stay competitive
• Sales force members are competing against lower-priced competitors
• Sales force members are spending more time looking for hot leads
• Budget cuts are limiting sales force members on time they spend with customers and sales
• Too many new-to-the-game competitors are flooding the market
• Less staff and higher turnover are reducing sales
• Customer interest is dwindling

Improving Performance

When it comes to sales, performance is all that matters, but sales force members cannot perform without overcoming the challenges mentioned above. With the assistance of sales training consultants, sales team leaders can boost team member performance and increase profitability by addressing today’s toughest challenges and applying them to their team’s training.

Let’s take a closer look at some of these challenges and ways to transform them into advantages:

• Longer decision-making times: Customers want to take their time before they commit. In today’s shaky economy, they want the best deal and assurance that the company they work with is reputable. Sales force members can overcome this longer decision-making timeframe with more attractive selling propositions. They can work on a more effective lead scoring and prospect management list, which focuses on prospects that will not take extended amounts of time to decide on a sale. Sales training consultants can help determine the best way to go about prospecting and how to overcome the client objections that can lengthen the sales process.

• Competition: Today’s market is flooded with too many competitors and low-bidding companies that do not produce results. Unfortunately, your sales team is losing business to these low-priced competitors, regardless of their quality. Fortunately, are many tried and true strategies-both online and offline-to demonstrate how your company is the better choice. By using authentic, true customer testimonials on your website, you can quickly increase the credibility for your company. Hire an expert to write a white paper and utilize social networking to improve brand value and identity. In the field, your sales force needs to improve the quality of the customer’s experience through honesty and greater customer service, and by demonstrating a proven track record of superior performance. You can also boost the collaboration between marketing and sales to develop innovative offerings to enhance a product or service. Sales training consultants can help different departments communicate and work together more effectively, and provide guidance on ways to leverage existing services.

• Low customer interest: Why are customers reluctant to purchase your company’s products? What are your sales force team’s top three priorities for customers? By aligning your customer’s priorities with product marketing and sales strategies, you are able to bring more customers to the table and decrease the low interest margin in your company’s products and services. Sales training consultants can help you define the goals, priorities, and sales strategies that can take your business to the next level.

There will always be challenges to meet in the ever-evolving world of selling. Regardless of the state of the economy, the needs and attentions of customers will change. By staying on top of the challenges and devising a better way to combat them, your sales force will be more effective and profitability will follow.

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SAP Consultant Salary

Jul 07 2023 Published by admin under Uncategorized

One of the most evident reasons to become skilled up in SAP is that you will be extraordinarily compensated. When I began my elementary SAP BW gig at a local insurance company, I was receiving more than double what my peers were getting. The hysterical detail was, no one had any idea what I did. They would say, “SAP? Is that a button on your remote control to enable Spanish audio”.

I would then go into an in depth explanation of how its an Enterprise Resource Planning (ERP) tool and how I was aligned to SAP BW/BI which focused on broadcasting and analytics of business data. Cue blank stares. You see, SAP is not like most IT jobs. It’s an animal all in it’s own. You command the system that is the businesses treasure. If the SAP system goes down, so does the business. That is why it’s crucial to have an independent employees of organization and directors (and the market) learn this by compensating SAP developers superbly. With simply no experience, other than being trained by SAP consultants at the start of my SAP career, I was netting over $60,000 USD. Not bad for just coming out of college. This payroll grows exponentially as you get more experienced in the SAP skill set. The topmost paying and fastest expanding SAP sector is the SAP BW and SAP BI field.

Independent Consulting – This is the most well-paid SAP consulting livelihood as you yourself are an enterprise. That means you get paid without deviation by an organization. You will make well over $100 USD an hour but will be in receipt of no perks such as 401k and medical. You will either be compensated a settled hourly rate of at least $100/hour + expenses or a fixed rate that is greater, like $150/hour that is comprehensive of expenses. You will need to weigh out your options before scoring a contract to be engaged in work for a set period of time. Normal overnight is Monday-Thursday and work from home on Fridays.

Consulting – Large corporations like Accenture, IBM, and Deloitte submit on projects with clients and when work is acquired, they need to staff the project with awesome employees. These employees (consultants) are reimbursed well, but not as well as being external. You are reimbursed a salary much like working in house and all expenses incurred are either billable to the client or the contracting body will make reparations for whatever the client will not. Normal travel is Monday-Thursday and work from home on Fridays. Anticipate to receive benefits and 401k assistance from the employer.

Full Time – The last option is being a member of a body working in the SAP area keeping the lights on and working on expanding the SAP footprint in the enterprise. In my experience, I see a clear decline of this type of laborer as more companies are seeking a variable workfore that consists of a mix of full time employees (FTEs) and Consultants/Contractors. Expect to receive benefits and 401k assistance from the employer.

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Training For Recruitment Consultants – 3 Core Skills You Must Develop

Jul 07 2023 Published by admin under Uncategorized

Training for recruitment consultants is vital in any recruitment business that you want to grow. People grow a business. Especially individual recruitment consultants that can bill and perform to a high level. Here is a reminder of the seven core recruitment consultant skills you must ensure your recruiters have.

1. Communication Skills

You might think this would be a given. Let’s think through this together. There is a saying that you cannot ‘not communicate’. So communication falls into a number of different categories, from the way you speak to someone, how you use your body, through to how you engage with individuals in a public place or on the phone. The good news is that good communication skills can be taught. Not everyone is a natural from the first day. If you have ever sent any of your consultants on a presentation skills course, you will know that some basic skills and principles can be taught.

2. Relationship building

This is a natural ability from being able to communicate. If someone struggles to connect with others, or build easy relationships, you will have a problem. Sorry to be blunt, but it is true. This is a vital ingredient that any recruitment consultant must have in their skills tool box. I agree that there may be some people we get along with better than others but when you are in a sales position, you have to learn how to adapt your style and build relationships. Here is a top tip. Be interested in others. Think about them first, ask questions and you will soon be in rapport and on the road to building a solid business relationship.

3. Persistence

Did you know that as a general room of thumb in selling is that you need seven touch points? It is rare that any of us buy something on the first interaction unless it is a commodity sale. When it comes to selling people or a company; which is the premise of recruitment, you will need a number of touch points.

This can be developed in a number of ways from meeting for coffee, sending an email, connecting on LinkedIn, or even to chatting on the phone or sharing a helpful article.

The disappointing thing is that many recruitment consultants give up way too soon. In fact one statistic says that less than 48% of people will never follow up with a prospect. The real shocker is that just over 10% of people make more than three contacts and then they stop. When you know that over 80% of sales are made after the fifth contact, you can clearly see why persistence pays off. An easy way to address this is to share these figures with your team. Make sure that when you are training your recruitment consultants, you have a system in place where you can monitor their activity. These steps alone will probably double their billing results. Trust me, they will thank you for it.

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So You Want To Offer Your Consulting or Coaching Services In The Internet?

Jun 23 2023 Published by admin under Uncategorized

So you are a consultant or a coach who wants to offer your services in the internet. How do you determine exactly what you have to offer?

Here’s what you have to do:

Step1. Draw three circles in such a way that each circle intersects the other two circles.

Step2. Label the circles as follows: Knowledge, Passion, Market

Step3. Shade the common area covered by the three circles. This is your ideal area of operation. This is your sweet spot.


This circle represents what you know and what your experiences are as you go through your career. Most of the time your officemates, your friends, your relatives ask you to help them with the same or very similar problem. They ask you the “How do I…..?” question too often. It seems to you that they look upon you as the only expert who can provide them with the solution. They tell you openly that you are really very good at solving their specific problem.


This circle represents your passion in sharing what you know from the circle of knowledge. How much inside you do you desire to help people with what you know? If you will do it just for the sake of money, you will fail in the long run. Your clients can feel if you are there to help them or if you are simply making money from them. They will leave you in no time at all if they feel that you are just interested in making profits. On the other hand if your clients feel that you are there for them with the intention of helping them always, then they will stick it out with you for a long, long time.


You must learn how to find, research, select and penetrate your ideal market. These are lessons available from my mentor. I can introduce you to a great teacher who taught me these lessons. Simply register to my website below and I will introduce you to him.

Your Sweet Spot

This is the area that should be of most interest to you. You will most likely be successful if you focus on this area. It will also take you a shorter period of time to launch your product and start making money if you concentrate on this area once you found it.

Colorful Examples of Market Niches

The following examples show the variety of market niches in the internet. It is not limited to a group of market areas. The field is wide open for almost everybody!

Examples of consulting or coaching niches found from a Google search:

1. How to raise rabbits

2. How to raise orchids

3. Dancing lessons

Examples of consulting or coaching niches of participants of the live event class that I recently attended:

1. Conquering your sugar craving in a healthy, safe manner

2. Organizational development consulting

3. Outsourcing your technical customer support

4. Article writing and marketing process

5. Success with process improvements

6. Providing experience and knowledge in daily operations of restaurants through collaboration

7. Decorative windmills

8. Get control of your life

9. Accounting consultants

10. Program your subconscious for success

11. Book publishing coaching

12. How to get rid of your migraine headache

13. Teaching success to the youth

14. Build successful relationships online

15. Leadership development and coaching with expertise in conscious communication

16. Consulting on the use of polymers

17. Boost of gratitude, motivation and inspiration

18. Build your tribe that attracts clients

19. Strategy consulting

20. How to use laughter to improve your relationships

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Can You Be an Arbonne Consultant?

Jun 23 2023 Published by admin under Uncategorized

Many people today are looking for ways to make money without having to enter or re-enter the “corporate world”. One such way of achieving this is through multi-level marketing (MLM) businesses such as Arbonne® Skin Care.

A visit to their company website will familiarize the person interested in learning more about this company and the products that are offered. There is no legalese, just plain, simple language that tells about the company’s inception, how it works, what products are available and how to become an Arbonne® consultant.

Practically the first thing one sees upon accessing Arbonne® site are the words “this is not a get-rich-quick scheme.” Arbonne® states very quickly that the work is challenging, but can be very satisfying. The company also clearly states that how much one makes depends on how much effort one puts into the endeavor.

As with any other “MLM” type of business, one should thoroughly investigate Arbonne® BEFORE committing any money or time. If a company is as honest as their website presents it to be, then it can stand up to a little scrutiny on the part of anyone who is considering making a financial as well as physical investment in the company. It may be advisable to talk to someone who is already a consultant for Arbonne®. Of course, this is how most MLM businesses work-consultants or representatives recruit others into the business.

If, however, the consultant is genuinely interested in someone who is considering joining the company, rather than just getting someone’s money, then that person will frankly and candidly answer any questions that may arise concerning the Arbonne® corporation that a person may have. Once a person has completed as much research as is deemed necessary, then the real “soul-searching” should begin. Only that person can determine whether or not selling their products is the right thing to do.

Of course, the most important factor to consider is that of TIME. One cannot just send out a few e-mails or flyers announcing to one and all that she is now an Arbonne® consultant. It will be necessary to have personal encounters at some time, often at night or on weekends.

The monetary investment will be the next most important factor. It may take quite a while before one actually “recoups” the money that was spent to become an Arbonne® consultant, much less begins to see an actual profit. This will require an honest appraisal of finances, which will not ONLY include the initial investment, but also the cost of fuel and other expenses that this will entail.

Family life, of course, will have to be considered. If a consultant has a child that is not yet of school age, can the child be taken along, or will there be the added expense of a babysitter or daycare? All these and other things will have to be taken into consideration in order for one to determine if the Arbonne® consultant business is a good idea.

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