Managing your business finances is such an important part of running a successful business. Even if you have a market-leading service or product, a lack of financial management can spell disaster for your whole organization. Managing your finances doesn’t have to be a difficult task if you make sure that you take the right steps from the very beginning of your business and keep … [Read more...] about Expert Tips for Managing Your Business Finances
They’re the new breed of banks setting the pace in the finance industry. Challenger banks are mostly app-based startups, focussed on lower fees, quicker transactions and less paperwork than the bricks-and-mortar banks of the past. Also known as Fintech banks, we’re likely to see more and more options appear within the near future, as banking customers get used to … [Read more...] about The 5 Challenger Banks Leading The Way In Europe
Many businesses nowadays experience hardship when it comes to purchasing and maintaining the adequate industrial equipment needed to guarantee success. While having the right equipment to do the job is vital for an organization to be successful, obtaining the required finances to buy such equipment can be very costly. When it comes to buying the needed equipment, some … [Read more...] about 5 Reasons Why Businesses Should Consider Leasing Or Financing Their Industrial Equipment
From providing services and meeting prospective clients to attending corporate events and scouting areas for expansion, traveling is a necessary part of conducting business. Though essential, the associated costs of corporate travel can get out of hand. Entrepreneurs and companies must make room in the budget for transportation, hotel accommodations, and necessities. For … [Read more...] about How to Cut Business Travel Expenses Without Sacrificing Comfort and Convenience
As a small business owner, you have to keep a close eye on your overhead costs and budget. For your business to thrive, you have to operate efficiently and keep mistakes to a minimum. You can't afford to spend dollars that don't yield results in the form of more dollars. The biggest disadvantage that small businesses face is that they have a fraction of the operating budget … [Read more...] about 5 Money-Saving Tips for Small Business Owners
As a small or medium-sized business, you probably think stocks and shares aren’t important. Talk of things like indices and the Dow Jones are something reserved for the big boys, right? Wrong. Even if your company isn’t in a position to sell shares, the movement of the financial markets can affect your business. You only have to look at the Dow Jones to see how its ups and … [Read more...] about Market Movements Will Affect Your Business – Even If You Don’t Own Stocks
If we had to choose one word to best describe 2020 so far, ‘unprecedented’ would be a strong contender. The global Covid-19 pandemic reached US shores with much the same impact as in countries the world over. Lockdowns were imposed, businesses closed, and people were asked to stay at home. For small business owners, however, this is having a severe impact. The loss of … [Read more...] about Covid-19: What to Do if Your Business is Under Financial Pressure
How would you define success with regard to your marketing efforts? Sure, the ultimate goal is to ‘make more money’, but how do you get there? It’s no secret that tracking key performance indicators – or KPIs – is an important part of managing a business and driving growth. In this post, we’d like to highlight three important KPIs that you should be watching closely as you … [Read more...] about How Well Do You Know These Three KPIs?
The debit card has been an alternative to paper checks for decades now. It is an easy way to transfer money electronically, and such payments are accepted almost everywhere at the moment. ACH payment, on the other hand, is a payment system that is used to set up recurring payments and block the funds on your account immediately to then transfer them to other accounts. This type … [Read more...] about ACH Payments vs. Debit Card Transactions – What is the Difference Between the Two?
Starting a new home business can be exciting, nerve-wracking, and energy-sapping all at the same time. On the one hand, you are on your way to financial independence doing something you love. On the other hand, there are things you have never had to deal with before and which you may know nothing about. This is especially true during the COVID-19 crisis. Many people now have … [Read more...] about How to Deal With Finances as a New Home Business Owner