Getting a new venture funded is one of the crucial first steps toward building a successful new business. But not surprisingly, it can be challenging, complicated, and full of twists and turns. If you know how to proceed, you’re more likely to avoid committing a costly mistake. Business Loans The first method to which most […]
As a business owner, you won’t have access to a 401(k) plan the way most employees do. Since you’re the employer, you’re the one who has to take the initiative in setting up your own retirement accounts. Fortunately, you have many options to choose from. Defined Benefit vs. Defined Contribution First, you should learn which […]
Artificial intelligence is shaping and changing the way we interact with the world and with businesses in general. By 2020, it is estimated that at least 30% of all companies around the world will be using some form of AI in their business model. Another interesting statistic – according to recent research, up to 85% […]
Business owners continue to make money mistakes that are causing them to lose money every year. Small mistakes, easily overlooked, can quickly add up, reducing a company’s overall income and leading to lower overall cash flow. Business is challenging enough, and understanding how to save money can make a world of difference. A few common […]
Being self-employed comes with a certain measure of freedom and flexibility, however, this doesn’t mean that you should skip out on saving for retirement. While being an entrepreneur is great, it leaves you in charge of your own retirement plan. It is therefore important that you take the time and initiative to set up and […]
Businesses are constantly striving for efficiency and improved productivity. They want to be doing things faster but also better. There needs to be less redundancy and at the same time fewer errors. One area in particular that tends to be bogged down and unable to operate at a peak level of efficiency is invoice management. […]
It’s every company’s nightmare: as soon as the deadlines for payments and taxes come in, their accounting and finance department works overtime, manually checking and double-checking – and in some cases, triple – or quadruple-checking – their invoices and tax information to make sure that payments are made correctly, and that no single cent is […]
Studies have found that digital payments are expected to hit 726 billion dollars in transactions by 2020. That’s because the many types of digital payments available make it easy and convenient to pay and be paid, anytime and anywhere. That’s why digital payments are worth considering when it comes to your payroll and paying your […]
Buying a car is a big purchase and can be costly for business owners, this it is important that you approach the decision wisely. Whether you need it to travel to meet clients, get to events or simply travel into the office, a company car boasts numerous benefits. Before going ahead and purchasing the first […]
Modern business moves very quickly, nowadays. Unlike in the past, a lot of the opportunities you will find can disappear right before your eyes if you don’t take them fast enough, and this is making it hard for those who act too slowly to make a dent in the industries they like. Fidget spinners, for […]
They say that two things are guaranteed in life: death and taxes. Most small businesses in the USA, and globally, dread having to pay quarterly taxes. What happens if you don’t have the funds to make your business tax payment? If You Don’t Pay Your Business Taxes, You’ll Owe Back Taxes If you fail to […]
The global economy is interlinked by trade. While there are only a few currencies that get the largest share of trade volume, almost all currencies in the world are traded at foreign exchanges. This is because a constant flow of currencies is necessary for smooth trade. The exchange rate of a particular currency is an […]
Financial planning is receiving a lot of attention in this day and age. It could be because people are increasingly seeing the need to create a level of financial security as well as becoming more financially literate. As a result, there are many more resources making financial basics easy to digest for the general populous. […]
Working out how much you want to charge customers for your products is a hard decision. The pricing of a product is one of the most important questions you can ask yourself in terms of your marketing strategy, which also includes product, promotion, placement (or distribution) and people. All competitive pricing strategies are, in fact, […]
If you’re starting a construction project, you’ll likely need some funding. But if you have little experience with acquiring finance, you may not know what to do. Thankfully, there are some steps you can follow to make the process more understandable. Keep reading and you’ll learn 7 tips that’ll help you figure out how to […]
Is it a good idea to invest? Is it right for you? These questions are simple enough, but if you think investing is too complex or if you feel that you don’t even know where to start, you’re not alone. People who are thinking of investing for the first time are often afraid of losing more money […]
