ROI Revisions: A Guide to Keeping Your Startup Out of the Red

You know what they say…starting up a business can be a risky thing. Statistics show that that 50-70% of most startups do not make it past their first 18 months in business, and trying to ensure that your startup doesn’t fall into that boat can be a stressful, daunting task.

Startup business owners analyzing business finances

Luckily, we are here to guide you on ways in which you can avoid becoming a statistic, and instead, have a startup that thrives not just financially, but on all levels. To find out more, keep on reading our guide to keeping your startup out of the red.

1. Do Your Homework

Like everything else in life, you need to start off doing your homework.…

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Why Healthy Relationships are Financially Sound

There’s a time in every couple’s life when things move from dating to planning marriage, kids and an entire life together. Besides love and happily ever after, this step forward involves a wide series of changes in a couple’s life.

Money heart

Moving together means sharing not only the house but also the current expenses. Who’s paying for what could soon become a problem in a couple’s dynamic. Because talking about money is less fun than planning the next night out. So, before saying ‘I Do’, partners should take some time to discuss finance.

Knowing what to expect from your partner in terms of financial stability is essential when planning to build a family.…

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Top 5 Mobile Payment Trends that will Disrupt 2018

Everyone and (literally) their grandparents are using mobile phones and devices to make payments on the fly. From using mobile wallets to buy products without a visit to the cashier — to banks making online bill payments more secure — there’s no end to the impact mobile will disrupt the way we make purchases in 2018 and beyond.

Making contactless mobile payment

The commonly-held drawbacks of the past have been usurped largely by the technology of the present and the promise of what it can offer in the future. The fact is, mobile payments using physical EMV, and online payment technology are as secure as any method used in the past.…

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6 Types of Insurance Every Small Business Owner Needs

Businesses face significant risks from their day of inception. These risks do not arise when the business hires its first employee as a law suit can deem catastrophic to a business even before it opens its doors to clients. In such a case, it is not only vital to have insurance, but the right type of insurance.

Small business insurance

Luckily, there are a myriad of insurance plans for small businesses to shield them from these risks. Below are six types of insurance for small business owners.

1. Property Insurance

Most, if not all, businesses own or sometimes lease its premises, office equipment, inventory among other property.…

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3 Ways to Improve Retirement Planning

One of the many things that can put stress to people is thinking about future and making retirement plans. Younger generations almost never think about retirement planning, although this is serious and important issue to think about.

Retirement planning

Saving money to spend it in retirement days seems like a thing far away to many people, but truth is that time goes fast and it is wise to make plans about future. Many people avoid retirement planning because it reminds them of getting old. But you should get rid of that mindset, quick!

Life begins after you retire

Sure, the working days are over, but being retired does not mean that the life stops.…

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Commercial Mortgage Loan Alternatives For Small Businesses

Obtaining commercial property loans and mortgages is becoming increasingly difficult as a result of increasingly restrictive lending requirements by traditional financial institutions. Due to this, numerous small businesses who are looking to purchase an office of their own, expand their current premises, or buy out another business, are turning to alternative lending options.

Commercial mortgage loan alternatives

Commercial property finance can be complex and difficult to understand, as each project may require a different form of funding. Here, we’re taking a looking at the commercial mortgage loan alternatives small businesses may consider in order to fund their latest project.

Property Development Finance

Short term property development finance can be sourced away from traditional financial institutions, often through P2P lenders, or brokers with access to exclusive lending facilities.…

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Types Of Insurance You Need To Protect Your Business

As a small business owner, limiting risk and ensuring business continuity should be your main priority. One of the major reasons a business will collapse is a result of bankruptcy, and threat of legal action can be a major cause of this.

Business insurance protection

In order to minimise the risk of bankruptcy in regards to this avenue, you should ensure that your business is protected at all times. Opting for a number of different types of insurance as soon as you start your business should be a top consideration.

Here, we’re taking a look at the types of insurance you should have in order to protect your business.…

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Small Business Taxes and Financial Regulations: Understanding Administrative Tasks

If you’re working inside the framework of a small business, there are a lot of details that you have to understand as you move forward. And two significant categories that surround lots of these details include taxes and financial regulations. The information surrounding these topics isn’t necessarily complicated, but it is specific and integral.

Doing small business taxes

Consider for a moment the knowledge that you’ll have to have of registering a business, representing your company concerning taxes, knowing how to purchase insurance or other processes to help with liability, and what to do in case of bankruptcy. All of those areas of concern are important to someone working to make a new, small business better.…

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3 Key Ways Your Small Business Can Save

Keeping down costs as much as possible without sacrificing quality is critical to any small business if it’s going to stay competitive, maintain a high customer satisfaction rate, and ultimately grow into a medium or even large-sized business somewhere down the road.

Business setup

Many small businesses these days can be run by only one or a few people, at least in their “infant stage,” and sometimes can even be run entirely from a home office with no physical business property.

But no matter how minimalistic your business may be, there are three areas you probably can’t do without: a quality business phone system, a good website hosting service, and fast, affordable shipping.…

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