Getting Help with Your Finances

Most of us are in debt. We’ve got credit cards, loans, overdrafts, store cards, and car financing plans. Some of us even owe money to our utility providers and landlords. Even those of us that aren’t are cutting it fine. We want to save, we even open savings accounts, but find ourselves struggling to put any money in them. Many of us want to set up businesses and build home offices, but our financial situations won’t allow it.

But, just as many of us are doing nothing about it. We’re getting by paying the minimums back on our debts.We’re letting any savings that we do have just sit there, instead of finding ways to make them grow. We’re living paycheck to paycheck without taking the time to improve things.

This is often because we’re embarrassed. We don’t want to admit that we need help or that we’re in debt. We don’t want to ask for advice on how to save or make our money grow because we are ashamed to admit that we don’t know already or that we’ve been wasting our money up until this point. We are afraid of speaking to an accountant only to find that we’ve been recording our profits incorrectly and our small business accounts are in a mess. We bury our heads in the sand because we are embarrassed and afraid. But,there’s really no need to be. There’s plenty of help out there, and plenty of people that need it. You just have to make that first move. Here’s a look at some of your options.

Visit a Financial Advisor

If you’ve got debts, you might find that their repayments are crippling. That you’ve got very little disposable income each month because paying off your debts is eating it all up. It doesn’t need to be like this, but it’s so hard to see a way out when it’s your money.

A financial advisor can take a look at your situation and help you to find ways to improve it. They’ll look at your income and expenses and recommend consolidation loans or other options that could help. They can even help you to create a budget to manage your money.

Most banks offer a free financial advisor service. But, remember your bank is only likely to recommend their own products. You may have to pay to see an independent advisor, but you could be offered a wider range of options.

Get Help with Investments

Investing your money is a fantastic way to watch it grow. But, it’s complicated and confusing. If you’ve never invested,you might worry that you can’t because you don’t know enough. The good news is,you don’t even need to meet an advisor in person, read https://budgetboost.co/etrade-review/for another option that’s great for beginners and novice traders.

Hire an Accountant

If you run your own business or work as a freelancer, you might try to manage your own finances to save money. But, it can be all too easy to make costly mistakes. Hiring an accountant can actually save you money. They’ll ensure you are claiming any tax deductibles that you are able, and they’ll make sure you don’t face a hefty fine because you’ve either missed your tax return deadlines or made a mistake in your working out.Read more about deducatbles at https://www.raymondbenn.co.uk/services/businesses/detailed-list-of-tax-allowable-expenses.

Give Consumers What They Want With These Ecommerce Trends

The future of online retail isn’t just evolving, it is changing at an extremely rapid rate, a rate which many ecommerce owners are struggling to keep up with. It wasn’t that long ago that buying things online was considered remarkable and there were only a few companies out there that would provide this service. Some of them are even Nowadays, eCommerce sales are in the trillions of dollars, and it doesn’t look like they’re going to stop increasing any time soon.

Today, we look at the future of ecommerce with great optimism. The guys at Subscriptionly put together an infographic showing how brands both big and small are making improvements to their services, and making the entire online shopping process easier, more efficient, and quicker.

Industry experts have been following the movement of eCommerce since its beginning, and by also looking at consumer wants and needs, have come up with some predictions for the future of this industry.

One of the biggest changes that is set to come about in the near future is the rise of digital currency. Already, people all over the globe have started to use cryptocurrencies as a form of online payment method. As an immediate result of this, a few established ecommerce stores have started to accept certain cryptocurrencies, most commonly Bitcoin.

Over time, it is looking likely that the use of digital currencies will become more commonplace, therefore, people may favor stores that will let them pay using this method.

There are many perks with using this way of payment. For example, the transaction fees are much lower than credit card or PayPal fees.

Another benefit that people will be interested in is the fraud prevention that comes with it. All transactions that take place using digital currencies are recorded on a blockchain, a sort of digital ledger, making them safe and irreversible.

Speed is also a positive that comes with using digital currencies. When using a credit card to make a transaction, it will sometimes take hours or even days for the transaction to process. Some digital currencies are a lot quicker and could end up saving the user and store owner a lot of time.

If you are an ecommerce store owner, it may be worth taking the time to look into the various benefits of accepting cryptocurrencies as a form of payment.

You can find out more about this as well as various other trends that are set to change the course of ecommerce in the infographic below.

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Starting a Business 101: 4 Steps to Managing Your Company’s Finances

Starting a new business is an exciting endeavor. You may have been planning for years and look forward to utilizing your skills and experience in new ways. Some skills are unique to entrepreneurs, who must be visionary, conservative and strategic, often all at the same time. Managing your business’s money is one of the most important skills, and investing, with the help of someone like RMR Wealth Builders, Inc., should be a part of your financial planning. These four financial tips will help to get a good start.

– Borrow Strategically

Getting capital to start your business can be difficult in the early period. You must demonstrate a good understanding of your own needs, as well as the needs of the marketplace. When borrowing money, shop around for a good interest rate and never borrow more than you will need in the short term. Pay off loans as quickly as possible to ensure that financial institutions will be willing to extend more money when you need them to expand your business.

– Grow Manageably

Learning to plan for the ebb and flow of your business is one of the most critical skills an entrepreneur can develop, and good planning can help to weather financial storms and reach for new business opportunities that come your way. Managing your finances carefully will help you to achieve your goals, regardless of economic changes.

– Review Your Expenses Regularly

During busy periods, you can experience runaway expenses, with a growing need for supplies, equipment, and payroll. Savvy entrepreneurs keep a close watch on expenses, reviewing supply contracts and seeking out better pricing at regular intervals. They may keep payroll expense in line by hiring part-time or temporary help, instead of paying full-time employees that require the additional cost of benefits.

– Invest Carefully

As your business grows and with a little luck, your business will begin to produce high-profit margins that will be significantly in excess of your immediate needs. This is time to carefully consider options for investment to fund your retirement, pay for children’s’ college costs or other goals. A reliable investment firm with fiduciary review program in NJ will have the knowledge and experience to advise you on the best ways to grow your money for the future, while still providing funds for today.

Starting a business can be an all-consuming endeavor, with hidden surprises, both good and bad, along the way. You will be better prepared for the ups and downs of economic cycles if you manage your business in a strategic way that allows for unexpected needs. With these four tips, you will be in a good position to make the most of your business opportunities.

Meghan Belnap is a freelance writer who enjoys spending time with her family. She loves being in the outdoors and exploring new opportunities whenever they arise. Meghan finds happiness in researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook right here and Twitter right here.

Expect The Unexpected With Your Business Expenses

When you look at your small business, you probably do so with pride. It’s something that you’ve worked hard for, paid for, grafted for and are caring for as gently as you would a baby. Your business IS your baby, in fact, and when it comes to having children, you learn very quickly how expensive they can be. You don’t have to be financially minded to know how much it costs to keep your small business running smoothly. Increasing your profits isn’t always the easiest thing to do, especially when costs are always shifting, decreasing and increasing without much warning.

Typical expenses for your business are a long list. Inventory, supplies, utilities, rent if you’ve got office space; all of these are for you to keep up with every month and this can be fairly stressful! You don’t have to be in charge of the finances to know about the expenses that your business has, but you should be able to keep up with the unexpected ones as they crop up. There are some less obvious business expenses, and here some of them are below:

  • Building a business takes some time and protecting it as it grows is important. Insurance provides a shield for your business against legal issues and financial scares. As a business, you need to have liability insurance at the very least because you need to safeguard your business as much as possible. If you have drivers on your team, then you will need to insure their business vehicles, too.
  • Most businesses need to think about their permits with the state that their business resides. There are many different permits that a business could need, and you can read about those here.
  • Okay, this shouldn’t be a hidden expense; taxes are a given with a business. However, it is possible that if you’re not on top of your expenses you will need to be visiting alexanderlawfirmllc.com to discuss paying an IRS debt. No one wants their business to owe money, least of all to the IRS.
  • When you’re gathering in supplies for your products to make them, you need to consider the costs of every element and account for the additional business equipment that you’ll be buying. Equipment can also add maintenance costs to your business as you ensure that they are kept up with.
  • Sending out invoices in a timely manner doesn’t always mean that they will be paid in the same way. Within your business, you have to ensure that you plan for invoices to remain unpaid for some time. Your cash flow will depend on customers paying invoices on time and if you don’t consider that they may not pay for service on time, then you could be missing out.

Your business is going to take more than a financial advisor on board to tell you all about the expenses that you will incur. It’s about doing your own research; don’t forget to do so.

 

 

Some Of The Best Ways To Protect Your Business Financially

It’s no great secret that if you want to run a business while and for the long term, you need to make sure that you are protecting it financially as well as you possibly can. Of Course, it can be difficult to do this if you are not sure exactly how, and the truth is that it often takes a prior knowledge, or plenty of research, to ensure that you have a good grasp of what you really need to do. In this article, we are going to take a look at just a few of the things you can do to ensure that you are protecting your business financially as well as you possibly can, and that is something which you should always aim for in the life of any business.

Insurance

You might well have been aware of the fact that insurance can be helpful for a business, but it is almost certain that you haven’t thought of every kind of insurance which might benefit you and your company. There are a number of different kinds of insurance, in fact, which you can think of trying out, and you will find that the more protected you are in this way, the safer you feel on the whole, so it’s worth looking at. Having insurance for your building, contents and everything else of that sort is vital, but you should also think about insuring against potential future losses too. Having Professional Indemnity Insurance – Qdos Contractor or otherwise – can help you to protect your own finances if you are at the receiving end of a claim in which it is claimed you have caused a customer financial loss. Preparing for these kinds of situations is invaluable, and something that you should be aiming to do as early on as possible.

Legality

One of the biggest ways that companies need to pay out is by getting in trouble legally in some manner or another. So in general you will find that it is financially sensible to make sure that you stay out of trouble with the law, and that you don’t do anything which could cause you to have to pay out large amounts. This is easier said than done, and in fact many businesses accidentally get in trouble with the law. But having a legal advisor can be a great way to get around this, as can ensuring that your tax accountant is happy with what you are doing. These preventative measures will ultimately mean that you are much less likely to be in financial trouble in the future, so it’s clearly definitely worth it.

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Source

Assets

You must know your assets if you are to protect your business financially, as knowing where the actual money lies ensures that you can do something about it when you are in a position of struggling. If you don’t really know your assets, you might want to think about looking into whether or not you can list them, as this will ensure that you are in a better financial position overall anyway.

Always Wanted to Open a Brewery? 4 Steps for a Successful Start

Have you always wanted to open a brewery of your own? Well, before you do, there are a few things you need to accomplish beforehand. Here are the four most important steps to take to open a successful brewery.

Make a Solid Business Plan

The very first thing you should do to open a successful brewery is to make a solid business plan. This will ensure your finances and foals are in place to run your business as efficiently and successfully as possible. Your business plan will also include market research to make sure your business will do well in the area it’s operating in. Additionally, it will also contain a contingency plan in case things go awry when running your brewery. After making your brewery’s business plan, it’s time to follow the rules.

Understand the Rules

Before opening your brewery, it’s important you understand all the local and national regulations your business will have to follow. For example, every community has different wastewater regulations that you’ll have to follow. After all, not everything can be simply poured down the drain. As the business owner of a new brewery, you should contact local officials and agencies about regulations that you’ll need to follow closely. Also, keep in mind, you’ll need to obtain a federal and state license to legally operate your brewery. So, before starting anything, it’s important you fully understand the rules of the trade and keep yourself in check with every single one.

Obtain the Right Equipment

Next, you will need to ensure you have all the right equipment to begin brewing your beer. There is a lot of gear you will need to buy for each step of the process including mashing, fermentation, cooling, cleaning, and packaging. Some pieces of equipment you will likely need include kettles, kegs, boilers, fermentation tanks, storage tanks, refrigeration equipment, cleaning gear, bottling equipment, and more.

Keep It Clean

You will also need a plan to keep your equipment and your facility clean. This is a vital and often overlooked part of getting your brewery ready for business. Otherwise, you may be in violation of some rules. Be sure to have stainless steel overscreens on hand so you can keep unwanted contaminant out of your beer. Purchase the necessary cleaning equipment for the facility as well. Check out Saniclean Strainers for high-quality strainers as well.

There are a number of things you should keep in mind when opening a brewery. From making a solid business plan to obtaining the right equipment, there’s a list full of things you’ll need to do before running operations. Hopefully, with the help of the tips above, you can get a head start on your brewery and run a successful business.

Guest author Hannah Whittenly is a freelance writer and mother of two from Sacramento, CA. She enjoys kayaking and reading books by the lake.

Bitcoin explained – What it is and where you can buy it

Many serious business people and investors have only a vague notion about what bitcoin actually is. If you ask them, there is a big chance that they will say: It has something to do with those cryptocurrencies that come up like mushrooms after the rain. If you’re reading this, chances are that you are a little bit confused too, so let’s get to the point.

Enabling direct transactions

Bitcoin is the world’s first cryptocurrency. It is entirely digital and not controlled by central authorities such as banks or governments. It was invented back in 2009, by an anonymous person under the pseudonym Satoshi Nakamoto. This still unknown person (or a group of people) was driven by an idea to enable sending and receiving payments without involving intermediaries, which is the case with traditional, government-issued currencies.

For example, if you’d like to use your credit card while traveling abroad, you will have to pay a fee to the bank that issued your card in order to make an international transaction. On the other side, bitcoin is absolutely independent of national states and banks and serves as a global currency. Given that there are no intermediaries, the transactions are performed directly, without the need for third-party fees.

Built on an absolute trust

A double-spending problem is another thing that motivated bitcoin founders to create the first decentralized currency. It represents a drawback in the standard monetary system; when the transfer of money is performed digitally, the digital files are used, and they can be duplicated or falsified. What it means is that someone with bad intentions can use this flaw to send or spend the same amount multiple times. Bitcoin is based on a technology that completely solves this problem. But how?

Bitcoin is based on a peer-to-peer technology called the blockchain. When someone sends some amount or buys goods and services using bitcoins, everyone in the bitcoin’s decentralized blockchain receives a copy of that transaction record. All the members of the blockchain then verify the transaction in order for it to be approved. Thus, the bitcoin network allows consensus among the members and eliminates the possibility of fraud or double spending.

The members of bitcoin’s blockchain network use very powerful hardware and software to inscribe these transactions into a digital ledger. This digital ledger contains records of all bitcoin transactions that have ever been made. The records about the transactions are called the “blocks”. In order to merge another block with the existing sequence of blocks, huge computational power is deployed by thousands of members (or the miners) that do it simultaneously.

An economic game-changer

Today we are witnessing a staggering rise in the value of bitcoins and other cryptocurrencies. Many people use cryptocurrency exchange platforms to invest in them. The value of these digital currencies changes every minute and users of these platforms buy them, wait for their price to rise and then sell them to earn a profit.

One of the best things about bitcoin is that you can use it regardless of the country you’re currently residing in. It can be used for purchasing a wide range of goods and services, such as hotels, flights, or even fast food. The infographic below illustrates interesting facts about bitcoin. It is clear that it will have a huge impact on the economy as we know it.

Bitcoin Infographics Kriptomat