Using Gamification to Achieve Your Financial Goals

While everyone dreams to turn their financial goals into reality, it is disheartening to know that 65 percent of Americans, according to CNBC, save little to almost nothing towards achieving these goals. Little does anyone in the ‘65% club’ realize the danger that this financial irresponsibility puts them in. Undesirable situations such as having no workable budgets, rising debt rates and having little to no funds to offset a huge emergency are becoming the norm.

Gamification for achieving financial goals

The truth is, however, that not everyone can exercise the same level of financial responsibility. Sometimes all it takes is some motivation to get you started.…

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Understanding the Top Challenges of Expense Management

At the macro level, there’s a lot affecting businesses when it comes to expense management. For example, international expansions and globalization are two elements that are influencing expense management, and also making these costs rise in many instances.

Expense management tips

According to the Global Business Travel Association, there will be an estimated four percent increase in costs this year, and businesses need to be prepared to address this general challenge, as well as many others.

One of the best ways to address most challenges of expense management is to choose the right expense report software. Along with keeping costs in check, the following are some of the other challenges businesses need to realize they’re likely facing, as they select expense management software.…

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Expanding at a Cost: 3 Important Things to Know About Financing Equipment

Businesses need to grow, right? The entire reason for a business to exist is providing a needed service or product, so of course they need to grow! The problem is growth costs money, and money is finite. Some businesses have their cash tied up on things like inventory and running costs. So, what’s the solution?

Financing business equipment

The obvious one is a business loan. Taking out a business loan is a great way to provide funds for growth. The problem is that traditional loans are tied to your earnings, which could limit the amount available to you. That’s where your business assets can come in, with something called asset based lending.…

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What are The Benefits and Pitfalls of a Small Business Loan

Despite the many challenges involved in running a small business, it is also an exciting time. There’s so much room for potential, and different aspects of your industry to explore in your business’ development. However, if you’re to drive your business forward and ensure a tangible presence in your local area, raising capital is an absolute must.

One way of achieving your short and long-term goals is by applying for a Small Business Loan. So to help you make an informed decision, here’s what you need to know about Small Business Loans.

Small business loan

What should I do before applying for a small business loan?

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How to Choose a Perfect Accounting Software Program for Your Business – 5 Tips

Accounting has come a long way in the past few decades. It wasn’t all that long ago when the most reliable method in keeping track of income and expenses involved a paper ledger and pencil. With the arrival of new technology, computers have taken the work out of figuring out the numbers and bookkeeping has become much easier as a result.

Businesswoman using accounting software

With the creation of accounting software, any size business can use it and features include far more than calculating the bottom line. These software programs offer options that include forecasting, inventory management and so much more. But how do you choose the right one?…

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How Contractors Can Help Their Customers Find Financing Options

One of the problems with contracted jobs is the cost. Now really, the cost isn’t the actual problem, it’s the sticker shock your customers get when they find out how much their project will cost. They simply aren’t prepared to face a $10,000 or $20,000 (or more) price tag and immediately have second thoughts.

Contractor

So what can you do about this? One way to help is to make it clear there are ways to finance the job available and you can help them use one of them. Then when you get to the price tag you can fill them in with some of those options.…

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Why it’s Crucial to Understand if Your Business can Afford a Business Loan

If your business is running low on cash, or if you’re keen to expand but don’t have the capital, a business loan can seem like the perfect answer.

Business loan

It’s true that a business loan can provide a valuable boost to working capital, especially if your income fluctuates. It can also enable you to pursue exciting growth opportunities.

And these days, getting a small business loan is much easier than it used to be. There is a booming alternative finance market in Australia, with a huge range of lenders eager to lend to small businesses. In fact, about half of Australia’s two million small businesses have a business loan facility other than a credit card.…

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Insure The Future Of Your Small Business

Owning your own business comes along with a whole slew of responsibilities. One of the most important responsibilities of being a business owner is planning and investing in your future. Taking the necessary precautions to insure every angle of your organization is wise.

Business insurance types

Unfortunately, there is no umbrella insurance policy set up to cover every possible malfunction of business. In fact, there are more than ten different types of business insurance. Here is a brief breakdown of a few of the most vital types of insurance you’ll need to protect your business.

Workers’ Compensation

Workers’ compensation insurance is required by law for most business owners.…

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How Much Can You Save when Using Virtual Office vs. Physical Office?

The goal of any business is to generate as much revenue as possible while servicing their customers to the very best of their ability. A virtual office is a great way to save tens of thousands of dollars per year in office expenses. Virtual office rental accomplishes this for many businesses by offering a physical office for important meetings, a private place to work as needed, and mail drop off/forwarding that adds a level of professionalism to any business.

Save money on staff

After all, where you reside says a lot to customers about how much value you can offer. Setting up a Virtual Headquarters, you get the prestige of the virtual location you rent, without all the expenses.…

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4 Ways for Startup Trucking Companies to Reduce Costs

Many entrepreneurs are starting to see the value of operating a business within the industry of truck driving. However, startup companies suffer from high failure rates, and new establishments survive on thin profit margins. On top of that, the trucker’s ongoing requirement to maintain equipment, buy fuel and do payroll can sometimes leave the short-term fiscal strength of a company in a precarious state.

Trucking business opportunities

So how does a business owner plan for growth in such a tumultuous situation? Increasing loads/deliveries could be an option, but it comes with the risk of employees getting infuriated from the increased workload. Luckily, a better solution exists.…

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