UMB Experts Provide Summer Job Tips for Young Entrepreneurs
KANSAS CITY (BUSINESS WIRE), May 20, 2008 - It's never too early to begin planning for that summer job. As with any new endeavor, there are many items for children to consider when planning summer job activities. For those young entrepreneurs who need some advice to begin the process, several different experts within UMB Financial Corporation, have provided the following suggestions:
1. Set a Goal
"The child needs to think about what they hope to accomplish from having the job. Before selecting a job, set a goal for the money the child expects to earn. This will help decide how much money the child would like to earn, which can then help target the type of job to consider. Setting a financial goal will determine if the job should be during the three-month summer period or one that can be performed year-round."
Peter deSilva, president and chief operating officer
2. What Kind of Job is Right for the Child?
"There are numerous traditional jobs to consider, such as lawn services, baby-sitting or a paper route. However, choosing an activity the child has a personal interest in will make the job more rewarding and fun. To help ensure a particular job is a good fit, make a list of skills or interests, and then think about how these could apply to a job. A child should talk to parents, friends, teachers and/or siblings to come up with ideas that are not as obvious as those listed above. Finally, make sure the job doesn't create additional conflicts. The job should fit the child's current and expected schedule so that school, friends and other activities are not negatively affected by this new commitment."
Larry Smith, executive vice president and chief human resources officer
3. It May Take Money to Make Money
"Depending on the job, there may be some expenses associated with getting started. If start-up money is not available, a plan will need to be formed on how to attain funding. Begin by determining how much money is needed, and then make a list of options on how to obtain this, which may include borrowing from parents or other trusted sources. Then make a repayment plan, including how long and the frequency needed to make repayments to begin the job.
"Another important task is making a budget with details for both expenses and income. If regular expenses are expected, it's important to make sure enough income will be made to off-set those costs, ideally with enough left to achieve the desired profit."
Mike Hagedorn, executive vice president and chief financial officer
4. Promoting the New Job
"Once a job is selected, the next step is to ensure others know about your job services. Fliers are an easy and inexpensive way to spread the word and can include all the necessary information prospects desire, such as types of services performed and contact information. These can then be distributed to family friends, neighbors, and parent co-workers either in printed form or through e-mail."
Heather Miller, executive vice president of marketing communication
5. Money, Money and More Money
"Now is the time to decide how much to charge for services. Establishing a price can be difficult; however, researching what others are charging for the same or similar job can help determine a baseline and will ensure the price is competitive. As the child begins to earn money, be sure a plan has been established to manage it. A common percentage allocation for profits is: 60 percent for fun spending, 30 percent savings for a future item and 10 percent for a donation to a charity or non-profit cause."
Dana Abraham, executive vice president of asset management
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Blunt Announces $741,234 to Help Create Jobs in Kansas City Region
KANSAS CITY (Kansascityfrontpage.com), May 20, 2008 - Gov. Matt Blunt has announced that three Kansas City area businesses have been approved to receive a total of $741,234 in state credits to assist in the creation of at least 130 new jobs in the Kansas City region.
"Our pro-jobs, pro-growth policies are working for Kansas City and Missouri," Blunt said. "Missouri has been recognized for sound fiscal management and our work to help bring more than 80,000 new jobs to our state in just over three years. I am pleased we are able to help these companies create jobs in the Kansas City region where they will find an outstanding workforce."
Pure Fishing Inc., has been approved for $682,133 in Enhanced Enterprise Zone tax credits for the creation of 112 new jobs at an average wage of $28,750 and new investment of $15.7 million at 7501 NW 106th Terrace.
Indigo Wild, LLC has been approved for $61,223 in Enhanced Enterprise Zone state tax credits for the creation of 10 new jobs at an average wage of $40,250 and new investment of $1.4 million at 3125 Wyandotte.
Alpine Litho-Graphics has been approved for $51,878 in Enhanced Enterprise Zone state tax credits for the creation of eight new jobs at an average wage of $31,200 and new investment totaling $1.8 million at 8640 Troost.
Enhanced enterprise zones are specified geographic areas designated by local governments and certified by the Department of Economic Development. Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local cluster development.
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Forty-Three Percent of Working Moms Would Take a Pay Cut to Spend More Time With Their Kids
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