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Investment Opportunity Ideas

Posted By Administration, Wednesday, March 21, 2018

Whether you recently came into some money, or have been saving up for a while, many people hate the thought of their savings sitting in a bank earning minimal interest. A great way that you can earn interest on your money, while being able to do something constructive with it, is to invest it. There are lots of different ways that you can invest your money, from creating a more secure future for yourself, to getting involved in exciting up and coming projects or new companies.

However, some investment opportunities come with more risks than others and, although it often may be true that the higher the risk, the greater the payout, you will have to consider which ventures you would be comfortable becoming involved in, and which might be too high stakes. Here are a few different ideas of possible investment opportunities that might work for you.

Property

Investing in property is a great way to invest if you are new to the game, as there are lots of different ways for you to do this. If you have considered moving to a new home, a great investment project would be to renovate and update your current home, in order to increase its market value. However, you should be aware that this will only be worth doing if property market prices are on the rise, and houses in your area are selling well. If you are considering this, it would be worth getting advice from your local estate agent and getting your house valued. You could either then sell your house on immediately, or continue to live there until the time is right.

Alternatively, you could invest in other properties, which you can renovate in order to sell or rent them, or just hold onto them as a second property until market values increase and your asset is worth more.

Stocks

A common way for people to invest their money is in the stock market. Stocks and shares can be confusing to people who have no experience with it, but the basic concept is that stocks are listed on an exchange, and this acts as a virtual ‘market’ allowing buyers and sellers to view the live supply and demand quotas. If you are interested in buying stock, you would need to be represented by a stockbroker. For advice on personal finance goals and how to reach them, read a review for TD Ameritrade, a software that provides tools and insights on how to make better financial decisions.

Business loans

Another way for you to potentially invest your money would be through making smart, informed business loans. You could loan a business money that they are in need of, and in return they could pay you back with interest, or give you shares within their business. You will want to get financial advice to make sure you are making a good investment, and ensure that the likelihood of getting good returns is high. You could also loan money to friends and family with the same arrangement, but this isn’t advisable as personal attachments can complicate business transactions.

Whichever investment route you consider, make sure that it is viable for you, offers a manageable amount of risk, and possibilities for good returns.  

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How to Easily Cut Back on Your Business Overheads

Posted By Administration, Thursday, March 15, 2018

Every small expense can equate to a large bill, which can substantially affect your company’s bottom-line. Every penny counts when growing a business, which is why you must aim to reduce your expenditure each month. If you want to find ways to improve your finances, here is how to cut back on your business overheads.

Slash Your Supply Expenses

A quick and easy way to reduce your overheads is to cut back on your business supplies. Discount suppliers, such as Amazon and Walmart, can often offer high-quality products at a fraction of supply vendors’ prices. It might, therefore, be an intelligent move to contact your existing vendors to inform them you are comparing the market, as they might be happy to reduce the prices on their goods to secure your custom.

Reduce International Call Costs

Do you regularly need to make phone calls overseas? This could be resulting in a hefty phone bill each month, which could be destroying your profit margin. Rather than making expensive calls to connect with international clients, look for cheap international calls to considerably decrease your phone bill. For example, if you regularly need to connect with clients or customers in Manila, Makati, or Davao, you will be happy to know you can make cheap calls for the Philippines. Therefore, you can reduce your phone bill without compromising on your relationships with your overseas clients.

Maximize Your Employees’ Skillsets

Your employees could have multiple skills simply going to waste in your company. You should, therefore, review their resume to learn more about their knowledge and experience. For example, your administrative assistant could be fluent in another language, which is a skill you could use to connect with overseas customers or to translate documents. Additionally, a web developer could also have exceptional content marketing skills, meaning they can create a professional, well-written website to drive traffic to your landing pages. It will allow you to create a more efficient office while reducing the need to hire additional members of staff. However, be sure not to overload them with work.

Narrow Your Company’s Focus

It is important to review your products and services routinely, so you can identify what is or isn’t working across the business. For example, you might be spending too much time attempting to market and sell a product that offers little return for the business and is wasting valuable time. Your time can then be better spent focusing on the goods that are generating revenue for your company, which will ensure its profitability and success.

Cut Back on Staff

No employer will enjoy laying off members of staff, but it could be the best approach for the company’s finances. After you, you will need to ensure you run a profitable business for every employee on your payroll, and this could unfortunately mean letting go of staff or reducing their working hours. Annually review the company’s employment needs to identify if you need to say goodbye to an employee, as this could increase your bottom-line and create a more financially secure company.

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How to Earn More Money as a Business Professional

Posted By Administration, Wednesday, March 14, 2018

If you are working in the field of business, whether you are in management, marketing, or anything in between, you probably want to do whatever it takes to succeed and to earn the highest salary possible. Thankfully, there are several ways that you could increase your earning potential and make yourself a valuable job candidate whenever you are ready to look for new opportunities in the business world. Continue reading to learn about a few of the best strategies that you can use.

Receive Certifications

You already have a business degree, right? So what else can you do to enhance your skills and learn the latest tactics and strategies that will make you stand out against the competition? Well, there are certifications that you can go after in order to build upon the education that you received in the past. But which certifications will help you most? That will depend upon a few factors, such as the industry that you are currently working in, the position that you are employed in and what your employer’s expectations are, and whether or not you want to use your certification to switch careers altogether. For example, if you want to build a personal training consultancy, using a source like Salary Site could help you figure out if this is the right path for you.

Learn a Language

In the world of international business, knowing how to speak and write in another language is an invaluable skill that could really set you apart from the many other job seekers out there. In fact, when it comes to the global business world, you could dramatically increase your earning potential if you are bilingual or multilingual. If you could manage to learn a new language and communicate effectively with those who don’t speak English, you could open yourself up to a wide range of new job opportunities, and you could command a higher salary as well. Plus, when you know another language, you will even have the opportunity to go work abroad if you want to.

Learn on the Job

Rather than just sticking to your basic job responsibilities, use your current place of employment as an opportunity to expand your skills. Go ahead and challenge yourself by taking on additional tasks and working on various projects for other departments. This will not only prove that you are really dedicated to the company, but it will also alert your employer to your abilities in other areas, and that could help you negotiate a higher salary too. Plus, learning on the job is one of the best ways to learn, as you are right in the thick of it and you can experience things that you wouldn’t get in a classroom setting.

It is clear that there are several things that you can do if you want to earn more money as a business pro, so don’t stagnate. Instead, always look for ways to improve upon your existing skill set and prove your worth to your current employer, as well as any potential new employers. 

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Low-Cost Ways To Improve Your Business

Posted By Administration, Wednesday, March 14, 2018

It's perfectly normal for businesses to be strapped for cash, particularly those businesses who have recently started. However, just because your company is struggling with its cash flow, that shouldn't stop you building your business dream. Believe it or not, there are plenty of ways that you can build your dream business without breaking the bank and overspending, it's just a case of being wise about how you go about it. Bearing that in mind, the question is: what steps can you take to improve your business without overspending and impacting your company's financial health? 

Focus on helping 

Customers always value businesses that they feel really care. That's why, when it comes to running a business and finding ways to boost its success, helping others is a great way to do that. If people see that your brand helps in the community, such as by doing charity events throughout the year or donating 10% of the sales of one product to charity, it will make your company more appealing. 

Invest in the right software 

For any business to run effectively, it needs to have the right software in place. It's impossible for your business to function properly if you don't have the adequate technology in place, such as the use of Microsoft Office or Adobe Suite. That's why it pays to invest in quality software, and you can cut costs by buying from a specialized company like Bytes, for example. Before purchasing any piece of software, it's a good idea to shop around and have a browse online, to ensure that you can get any software your business needs for a fair price. 

Automate your marketing 

Paying someone to deal with your marketing in real time, particularly the use of social media, can be expensive. That's why it's so useful to consider automating your marketing, using tools like HootSuite to do so. It means that you are still getting effective marketing, but without having to pay over the odds for it. If you don't want to deal with your marketing yourself, your best bet is to outsource the task and hire a freelancer to deal with your marketing needs for you. 

Build strategic partnerships

Have you ever considered the fact that a company is only as large as it projects itself to be? If you want to maximize efficiency and create value, it can be worthwhile creating strategic relationships with industry partners. By building relationships within the industry with non-competing companies, you can find ways to collaborate, and in some instances, share your customers by running a deal together. For instance, say your business sells energy-efficient LED bulbs, if you can find a local energy comparison service, you could team up and offer a deal where customers who use the energy comparison service and change providers, as a result, receive a free energy efficient light bulb from your company. These kinds of collaborations are a great way to get your brand name out there and start building your connections. 

When it comes to improving your business on a small budget, it isn't always a task that's easy to do. However, the ideas above should help to make the process a little simpler for you.  

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Three Trends Your Startup Should Pay Attention To

Posted By Administration, Monday, March 12, 2018

A recent study conducted by researchers from the academic journal Venture Capital found that startups with more unusual names are more successful when it comes to getting early-stage funding from investors and venture capitalists and even do better on crowdfunding sites.

The researchers believe this is because, when a company is first starting out and little is known about it, a more quirky, unique name makes it more likely to stand out from the crowd and thus attract the right sort of attention. It's a strategy that clearly worked for the likes of Uber and Lyft and means many more unusual names are likely to be used in the future. Read on to find out more about Sage’s hottest trends new startups need to be aware of in the near and distant future.

1.      Services for freelancers

Many startups focus their attention of providing services to big businesses or consumers, but there is a group that occupies the space between the two that, to date, has not been fully exploited, but is brimming with opportunities.

According to a 2016 survey, there are now more than 55 million people working as freelances in the United States, an astonishing 35 percent of the workforce. This number is set to grow to 43 percent by the year 2020.

Freelancers need many of the same services as those that are provided to small businesses but need them on a smaller, more affordable scale. Those startups looking to carve out a unique niche for themselves would do well to find ways to cater to the growing freelancer market.

2.      Optimal outsourcing

Fast-growing companies need more and more in the way of back-office operations, but the time and effort required to put together such a team, especially at short notice, can often consume valuable time and energy that could otherwise be put into the core activities that the company is built around.

Outsourcing is already hugely popular but is likely to become far more so due to the fact it offers massive cost savings and allows for greater efficiency. This especially the case when it comes to tasks that require specific specialist knowledge but do not form a large enough part of your business to make it viable to hire someone to work on them full time.

The future is also likely to see a more strategic use of outsourcing. If, for example, your company gets involved in a project that requires skillsets none of your staff possess. Handing off these aspects of the project to others will ensure the work is carried out correctly and with a high level of efficiency but will also enable your own staff to work alongside the outsourced team in order to acquire the skills themselves for future projects.

3.      The cloud becomes even more compelling

Cloud services are increasingly becoming the de facto way of doing business, and the amount of storage available is likely to increase as a result, leading to reduced costs for those companies who take advantage of such services.

If your business works with big data, you'll be able to make use of this increased space to store far larger data sets and carrying out detailed analytics, harvesting far more valuable insights into areas such as customer behavior, as well as using such information to make better strategic financial investments.

Tags:  Startups 

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