POST CATEGORY : Finance

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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What is CIBIL Score and How to Improve Your CIBIL Score?

Does the word CIBIL score ring any bell? Do you know what it is? Or why does it matter to you? Well, read on!

CIBIL score refers to 3 numerical digits which signify the credit history effectiveness of an individual. CIBIL stands for Credit Information Bureau (India) Limited who prepares a Credit Information Report (CIR) for every individual.

CIBIL score

This score is essential to evaluate and approve loan applications.

A Brief Intro

Founded in 2000, CIBIL is India’s first Credit Information Company. It is also known as the Credit Bureau and is regulated under the Credit Information Companies Regulation Act, 2005. By providing fair ratings to each individual, they play a major role in preventing loan risks.…

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Small Business Financing: A Few Misconceptions Addressed

Navigating the lending landscape seems to be an eternal struggle for small businesses – thanks to the series of misconceptions associated with small business financing, in general. Small business lending rules that existed 10 years ago, don’t really exist anymore. If you have a credit score of 680 or above, some kind of collateral and some experience to boot, you will easily qualify for a loan right? Not really! As a small business owner, there are still chances of you being turned away.

Small business financing miscoceptions addressed

Considering the difficulties of securing a financial assistance from banks—a bank loan itself is considered to be a myth – i.e.…

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Should Small Businesses Adopt Cryptocurrencies?

The ongoing buzz around cryptocurrencies and what they could do for businesses in the future is one that doesn’t look to be dying down any time soon. One of the hot topics in the discussion currently, however, is whether or not small businesses should start to accept cryptocurrencies as payments in the near future. Here, we’re exploring exactly that.

An Introduction To Cryptocurrencies

By definition, a cryptocurrency is a digital currency that relies on encryption techniques to regulate and verify transactions, transfers and the generation of new ‘coins’. This means that the currency should be decentralised, operating entirely separate to any companies, institutions or banks which not only increases security and reduced risk of fraud, but also provide a fast, efficient and low-cost method of payments and transactions.…

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5 Investment Mistakes You Don’t Want to Make in 2018

With increasing volatility and frequent market fluctuations, making smart investments is not easy. When you look for information online, several inputs laden with economic jargon tend to perplex you furthermore.

Making investment mistakes

If you have ever invested into something before, you know about the kind of mistakes you can make on the way to the perfect investment. The thing is, there is always some new way of making quick money that everyone is talking about, and usually that’s the investment that one should not make without doing their research.

Let’s take CFDs, for example. Trading CFDs looks promising on paper, but due to the nature of CFD trading, it’s often categorized as a sophisticated form of gambling by the trading community.…

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Equity Crowdfunding – A Beginner’s Guide

While you once needed a lot of capital to gain equity in private companies, new laws have made possible for small investors to invest using limited capital through equity crowdfunding. In this article, we’re going to give you a small introduction to equity crowdfunding and a few tips to help you get started.

Equity crowdfunding

What is Equity Crowdfunding?

Simply put, equity crowdfunding is similar to regular crowdfunding with the exception that you get an actual share of the company you’re investing in. It allows everyday investors to invest in early-stage companies that aren’t listed on the stock exchange.

There was a time when only accredited investors were allowed to invest through equity crowdfunding.…

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E-Invoicing: The Unsung Hero in Every Business

As humans, we are constantly searching for ways to improve the processes that we frequently encounter during the course of our daily struggle called life. From the invention of the wheel to the invention of the internet a few decades ago, we humans have always been characterized by a penchant for innovation and an unending thirst for knowledge.

E-invoicing

We’ve come a long way from bartering. We’ve been able to create currencies and now, we’ve even been able to create cryptocurrencies. Gone are the days when manually-written invoices and receipts were the norm — even the process of manually punching in item prices on a cash counter seems primitive.…

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How Do You Get Bitcoin The Practical Way?

Since Bitcoin’s introduction in 2009, it has grown from costing less than a dollar to over $9000 as of the time of writing this article. Everybody nowadays wants to know how to get into the Bitcoin game and rake in a slice of profit.

Tips for getting bitcoin

This guide will teach you some of the practical ways to get your Bitcoins safely and quickly. But first, you need to get a Bitcoin wallet. A wallet is merely a software program where Bitcoins are stored. Once you have gotten one and set it up correctly, you are ready to get some Bitcoins.

1. From other Bitcoin holders

This is the most basic form of acquiring Bitcoin – face to face from another person.…

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How Bitcoin Will Eliminate the Customer Dispute from Your Business Forever

As a small business owner, you are likely extremely protective of the entity that you have built up from nothing into an established business. That means that you are probably wary of accepting anything new into your company about which you might not know too much.

Avoiding chargebacks with bitcoin

Such a stance is a good tactic to enforce, but you also don’t want to take it too far into the realm of complacency. If you did, you could be missing out on initiatives and opportunities that could take your business into a stratosphere that you never before imagined inhabiting.

Bitcoin, the digital coins which replace normal currency in transactions over the internet, probably fall into the category of things of which you can’t be too certain as a business owner.…

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