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Insights for Small Businesses with Exposure to Foreign Exchange Risks

Small businesses seeking to grow their bottom lines often have to look for opportunities beyond their immediate markets. Many small businesses looking for growth often forge strategic alliances for international exposure. Some small businesses find suppliers in foreign markets in order to create a competitive advantage. Other small businesses hire professionals in foreign countries or market their products and services to buyers in other countries.

Foreign exchange risks

Interestingly, when it is time to create financial accounts, many business owners with international exposure are surprised that their top and bottom lines are not impressive. A small business with foreign exposure can still lose money despite the fact that they have excellent products, sold at decent margins, and with good marketing strategy in place.…

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5 Smart Blogging Tips for CEOs

Blogs play a crucial role in online marketing for businesses of all sizes. While most companies pay writers to handle these posts, some prefer to take a more personal approach. As the CEO of your company, you have more knowledge and insight to share than just about any member of your team.

Blogging CEO

If you’re going to roll up your sleeves and do the dirty work of blogging, use five these tips to make sure you do it right.

1. Use Big Data to Support Your Ideas

People love data. People also want to know that there’s some truth to the claims you make in your blog posts.…

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Why It is Dangerous to Keep Extending Debt Collection Time Frames

In the movies, debt collectors are thuggish, scary-looking individuals who hound consumers and threaten them with shame and physical harm. In the real world, unless of course, you borrowed from the mob, your debt collector is more likely to be a polite, well-dressed professional who will talk to you nicely with a sprinkling of legalese.

Debt collection

As a debt collector, the first thing you should do when you contact a debtor is to tell them what their rights are. Let them know that they can legally challenge their debt so that they don’t feel bullied or trapped. Then inform, clearly, of how much they owe, who they owe it to, and when the debt is due.…

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Why Most Businesses are Keen to Establish a Strong Online Presence

Accessing the internet is like getting in and out of your house or calling someone on the other end. It is simple and offers the best platform for users to connect. With the mobile technology quickly advancing, people visit their social media accounts using their mobile phones. This means that, by tapping into that market, you will be able to propel your business to greater heights.

Online presence

It’s imperative for your business to establish a strong online presence. And in the process, you may need to outsource the online marketing roles to the best SEO Company locally in order to get the most of your effort.…

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5 Popular Online Trading Opportunities to Consider

Online trading has now pretty much changed how traders, brokerages, and exchanges do business with each other. What once required dozens of phone calls for the investor and hundreds of calls a day for the average broker to facilitate, is now neatly condensed into easy-to-use online platforms that require little direct communication between the two.

Online trading

Who can trade?

Anyone can trade online. Once they find an online broker (this site has it all) that can work with their trading needs. All will charge a flat fee per trade, usually offering lower rates for student and active investors, and most requiring you to maintain a minimum balance in your account to do any kind of aggressive trading on their platform.…

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Should You Use a Third-Party Accountant or Bring Someone In-House?

Unless you as the owner of your business happen to have a masters in accounting, chances are that right from the start you’ve been using a third party accountant to keep track of your books, do your taxes, ensure you can survive an audit, and make recommendations on how you manage money within your business.

Accountants discussing business finances

However, if your business has seen some recent expansion and your accounting needs have become more complicated, you may be considering whether or not this arrangement is still best for your business.

Should you stay with your current small business accountant and up your demand for their time, hire an accounting firm with more capacity, or hire a full or part time in-house accounting expert?…

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Bad Credit Business Loans: 8 Warning Signs a Lender isn’t Right for You

Sometimes a business can just spiral out of control financially, despite all the owner’s best initial efforts. This is reality, as markets can dry up, or unexpected expenses hit and compound one after the other. Growth problems are another big reason for a business to become cash strapped — from buying property and equipment in anticipation of expansion that never takes place — to being over-run with expensive inventory you can’t sell.

Bad credit business loans - in AUD

Regardless your individual reasons, you now find yourself faced with a bad or poor credit rating and an uncertain financial future for your company, which you’re sure can be fixed with a bad credit loan.…

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An Overseas Money Transfer Guide for Small Businesses

A plethora of small businesses the world over have used the Internet to good effect, by reaching out to customers from different parts of the world. While the growth is welcome, the process of selling services or products internationally comes with its share of challenges.

International money transfer

A commonly faced problem is that of having to deal with poor exchange rates and paying steep currency exchange fees. Fortunately, the online world comes to the rescue again, giving small businesses various options from which to choose.

Several international money transfer companies have come up in the last two decades, mainly because of Internet-based advances.…

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Equipment You Need When Remodeling The Office

As a small business owner, success and growth go hand in hand. Sooner or later, you realize it’s time for your office to grow, too. You may need to create space for more employees or an expanded range of products and services, or it may just be time for a refresh so your physical environment feels welcoming and current.

Office remodeling

Whatever your remodeling goals are, you need the right equipment to turn them into reality. Here’s what you need to get the job done.

Hand Tools

You probably already own some of the things you’ll need for your office remodel. Think about construction basics like hammers and screwdrivers, extension cords, safety goggles, ladders, tarps, and brooms.…

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5 Logistics Management Tips for Small and Medium-sized Business

When done right, supply chain and logistics management can be a harmonious symphony of vendors, trucks and warehouses. All parts work together to ensure the product is delivered undamaged, on time and to the customer’s satisfaction.

Logistics

On the other hand, an incoherent, poorly planned and ineffective supply chain can potentially deal a fatal blow to the average small and medium-sized business (SMB). Products lost in transit, sent to the wrong location and unexplained charges on customer receipts can all cause angst that’s strong enough to push customers to the competition.

The following logistics management tips are an essential read for SMB owners.…

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