The process of hiring new personnel is usually challenging. The HR managers often need to review dozens of CVs and portfolios to choose the best candidate from their pool. There is nothing new that most professionals prefer hiring people with brilliant skills and impressive experience. However, there are many HR leads who are now starting to pay attention to students and fresh graduates, giving them a chance to get their first job. But what are the real benefits of hiring people with no experience? Let’s find out the answer. 

Before We Start 

We believe that not only business owners are likely to read this article but students, too. If you are one of the learners who want to find out the real advantages of students and fresh graduates, this post might be helpful for you, too. Discover the strong points you might possess and add this information to your CV without any doubts.

But what if you want to start building a career but have no time for work because of tons of academic assignments? Fortunately, you can start using one of the professional writing solutions and get polished essays right on time. By the way, it might be a good idea to read the reviews of using various assignment doers to choose the most reliable one. For example, you can explore proessaywriting reviews or use a handy writingpapersucks.com site to get the freshest info about the services. Getting a job and building a career will be much easier if you get pro writing help to solve issues with your academic performance. 

Top Reasons For Hiring Students 

Hiring fresh graduates and students might not fit all the niches and types of businesses. However, more and more companies don’t mind hiring learners, and here is why. 

Students Are Innovators 

Most young minds are creative spirits who can provide small and big businesses with fresh ideas and approaches to performing various daily activities. This might help any company to become more flexible, free necessary resources, and become more effective. In some cases, the business gets a chance to increase its profits and become more competitive in the market.

The niches that constantly require an extra pair of eyes and fresh ideas are marketing, advertising, human resource management, and many others. For example, launching a successful marketing campaign and attracting thousands of new customers can elevate the company to a higher level. 

They Bring Newest Technologies 

When hiring people with impressive experience, they might have been using the same methods and tools to perform their duties for years. Some of them don’t even keep in touch with the latest technology trends and solutions that constantly appear on the market. As a result, these employees might face a significant drop in productivity. However, students are not traditionalists. They are constantly sharpening their skills in using the most innovative software and solutions. Fresh graduates often have a deep understanding of the latest technologies you might have never even heard before. Bringing innovation to any business is always an excellent idea, where students might be extremely helpful.

Learners Are Very Hard-Working 

Most students will try to do their best to impress their first employer. They are often afraid to lose their jobs and are extremely hard-working. If you would like to hire people who will be fast and plodding in performing their job duties, students and fresh graduates might become the best fit for your company. Moreover, the other businesses are not likely to start headhunting and attracting these employees. Therefore, students and graduates are likely to work for a particular company for quite a long time.

Businesses Can Save On Lower Salaries 

People with no or little experience usually have lower salary expectations than skilled employees. Therefore, when hiring students, a company can pay lower salaries and save money for other important needs. However, don’t forget to promote the employees as their skills grow. 

Students Are Easier To Manage 

People with advanced experience might not agree to adopt any innovations or use the newest solutions for performing their duties. Students are more flexible and easily manageable. They are opened to learning, exploring the new niches, and don’t mind putting their new knowledge into practice. Moreover, fresh graduates are very adaptable. They usually require less time to get used to the new environments and trends. 

Fresh Graduates Have More Enthusiasm 

It often happens that experienced professionals lack enthusiasm. They just do their job as they used to. Skilled employees might fail to come up with new and creative ideas, as well as try to improve some of the working processes. However, students usually have more inspiration and energy to work with amazing enthusiasm. 

All in all, students and fresh graduates might become excellent and hard-working employees at most companies. Moreover, they might bring an innovative approach to many business processes and even improve the overall performance of any company. 

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Why Businesses Opt to Hire Students appeared first on OpenBusinessCouncil Directory.

If you’ve always dreamed of being an entrepreneur and owning your own business, you may feel like your student loan debt is holding you back. After all, if you’re paying hundreds every month in student loan payments, how can you afford to launch your business? However, plenty of entrepreneurs manage to juggle student loans while getting their venture up and running. Use these practical methods for making your business dreams a reality while responsibly tackling your student loan debt.

Consolidate Your Student Loans

Refinancing your student loans can be a great way to make your payments more manageable. You can lower your interest rates so you save money in the long run, and having only one payment each month reduces the risk of missing a payment. If you choose the right lender, you can also get a more affordable monthly payment for your student loans, leaving you more money to work with each month when it comes to building your business.

Don’t Miss a Payment

You don’t have to put your entrepreneur dreams on hold because of student loans, but make sure that your business ventures aren’t impeding your ability to make your monthly loan payments. If you miss payments or send them in late, it will show up on your personal credit history when applying for a small business loan, putting you at a disadvantage. Keep making payments on time and in full to boost your credit profile.

Seek Out Nontraditional Funding

Getting a traditional loan can be a bit tricky if you’re struggling with student loan debt. However, you can try other sources to get the money you need to get your business off the ground, including:

• Small business loans: You’ll need a solid credit score in order to get a lender to consider you for this type of funding.
• Angel investors: These investors get a stake in the business you build in exchange for providing startup money. Come prepared with a detailed business plan and you may be able to convince angel investors to give you a chance.
• Crowdfunding: Sites like GoFundMe and Kickstarter let you raise money independently. You can include special offers and promotions to encourage people to contribute to your goal.

Reduce Your Daily Expenses

In addition to taking the steps above, look for ways to reduce your living expenses in order to put more money toward your business and avoid going into further debt while you explore your entrepreneurial potential. Downsize your living space to save on rent or get a roommate to split costs. Cut back on food expenses by making all your meals at home and hosting friends to hang out instead of meeting up at a restaurant or bar. There are all kinds of ways you can cut back in order to help your business succeed.

It’s time to turn your business idea into a reality. Using these tips, you can continue to pay down your student loan debt while building your business from the ground up. It may involve a few sacrifices, but all your efforts will pay off once you’re able to make your business thrive.

This is an article provided by our partners network. It might not necessarily reflect the views or opinions of our editorial team and management.
Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 4 Methods For Starting a Business With Student Loan Debt appeared first on OpenBusinessCouncil Directory.

Today, 60% of millennials consider themselves as entrepreneurs. However, despite the growing interest in the world of startups, only 35% of Millennials make up the percentage of entrepreneurs under 30 – making them the least entrepreneurial generation. So what’s the cause for the gap between the expectations of young entrepreneurs and the reality of starting a business? Student debt is definitely part of the blame.

While over 70% of college seniors left with debt after graduation, the national student loan debt is now $1.48 trillion. That is more than a 150% increase within the past decade. Not to mention, research claims that 19% of students said to have delayed starting a business because of their loan debt, according to the 2015 Gallup-Purdue Index. So, can personal credit really make an impact on your startup ventures? Unfortunately, yes. Check out these strategies on how to settle your personal debt before starting a business.

Audit Your Position

The initial step is to run a full audit of your current position. If you have existing loans, it will have an unfavorable impact on your credit report. How much are you currently earning every month? What are your monthly expenses and savings? How much debt do you currently hold? Before you can move forward with your startup, you will need to answer these questions and become aware of your current financial position.

Eliminate All Debts

As one of the biggest obstacles when starting a business, you must get rid of all debt before starting a business. If you’re tied to monthly payments, you’ll have less financial flexibility. In fact, high amounts of debt can also increase your personal financial risk if the business falls. As a business owner may already have a sizeable amount of personal debt, reducing the chances of getting your business loan approved. If your credit history is low, expect to pay a higher rate for interest. You can also take out a consolidation agreement to reduce your total interest rate or pay off the monthly premiums.

Remove Risk to Income-Generating Assets

As most are concerned with revolving debt, the risks from secured loans can be even greater when you’re in business. Should you fall behind in monthly loan payments; the company will hound you mercilessly – even when you’re experiencing low cash flow. Eventually, they’ll place your account in a collection or secure a court judgment against you. This will not only damage your credit but also remove the income-producing assets from your name.

No matter why old or new your business may be, the success relies on long-term thinking and planning. Thus, it is important to stay on top of finances and consider delaying the opening of your business until you are able to pay down debt, clear your previous loans, and have comfortable savings for your startup.

This is an article provided by our partners’ network. It might not necessarily reflect the views or opinions of our editorial team and management.

Contributed content

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Starting A Business? Settle Your Personal Debt First appeared first on OpenBusinessCouncil Directory.