POST CATEGORY : Finance

Policy Protection – Which Types of Business Insurance Are Right For Your SME?

Starting a business exposes you to certain risks. Fortunately, however, all businesses have access to a wide range of insurance types, to protect them from the dangers that could wipe out a small business before it has had a chance to take off. An experienced Business Insurance Broker, can assist you in reducing your exposure to risk, and find an insurance program that is aligned to your specific needs and objectives.

business insurance

There is no one-size-fits-all insurance solution for small businesses. Your insurance needs will vary according to the industry and type of business you are operating.

Here are the types of business insurance that every small to medium business owner should have.…

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4 Ways to Protect Your Business from Product Liability Claims

No product is truly safe from risks, but it’s your responsibility to strive for that goal whenever you design and manufacture your products. Liability insurance is one way to protect your business against claims, but there are other steps you can take to lower your risk.

Liability insurance

1. Test Products Thoroughly

Products go through an exhaustive amount of testing before they launch, but testing shouldn’t stop once these products hit the shelf. Consistent and continued testing can help you pinpoint potential defects on the design or manufacturing of your product.

Without continued testing, you may miss a potential defect or design flaw that can lead to negligence claims.…

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How Personal and Business Credit Can Make or Break Your Business

“The Nav American Dream Gap Survey, 2015, revealed of small business owners surveyed, 45 percent did not know they have a business credit score, 72 percent did not know where to find information on their business credit score and 82 percent didn’t know how to interpret their score,” reports the U.S. Small Business Administration.

Credit score

Despite the important role business and personal credit play in owning a business, many business owners aren’t aware of the credit factors that influence their businesses. These factors can make or break the future of a business: their ability to grow, receive funding, acquire partners, etc.…

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4 Patterns for Forex Profitability

There are many factors that determine profitability for Forex traders. It is difficult to pick one factor that will lead to a profitable experience in the Forex market so many traders will look for patterns that will predict a successful trading strategy. These patterns will hopefully guide Forex traders towards great decision making and profitable Forex trades.

Forex trading

Let’s examine some of the patterns that have been seen in successful Forex trading.

Pattern #1: Mitigate your losses

The first important pattern to note is that no matter how many of your trades are successful, if you are losing more on your losing trades than you are gaining on your winning trades, your Forex trading will not be profitable.…

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Are Bitcoins a Good Idea?

Bitcoins have certainly caused enough interest that even highly successful and traditional companies have started including them in their portfolios as well. There is new news constantly coming out about changes in the macroeconomic opinion of the cryptocurrency market, some good and some bad.

Bitcoins - good investment?

But still, how good of an idea is it to invest in Bitcoin or any other crytpo project? Is it stable? Can you trust it to keep your money safe? Well, the short answer is that it depends on who you ask. There are several things you need to consider before you invest and decide where you stand on these questions.…

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Simple Ways to Cut on Business HR Costs

Every single department in a company now has to trim as many expenses as possible in order to increase organization overall value. HR departments are not an exception. Curbing expenses with human resources is normally a difficulty because this is usually not something that was needed in the past. Many CEOs have no idea what to do.

Cutting costs

The following methods presented by Productiv Inc should help out most CEOs that are having troubles reducing costs for HR departments.

Consider A New Healthcare Provider

Besides the fact that you can look at plan costs when you shop around, you can also analyze different ways to reduce the program expense in the first place or employee premiums.…

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How CEOs Can Dominate Their Investment Portfolio

Some believe that a CEO is defined by financial prowess and an astute awareness of the markets. However, this is sometimes not the case.

There are many examples of such individuals who have lost great deals of money due to bad portfolio decisions. In fact, the Stanford Graduate School of Business has found that hubris associated with top management positions often leads to poor judgement calls.

CEO investment portfolio

So, how can a CEO improve the performance of an existing portfolio in order to maximise profit margins and minimise risk? Let’s examine some methods recommended by professionals.…

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5 Practical Ways to Cut Costs and Improve Profit Margins

A business can exist in three financial stages – the business can be operating at a loss, it might be breaking even, and it might be booking profits sustainably. The ideal financial state for a business is to be profitable consistently and sustainably, that’s the only way to ensure that the business will survive and thrive. However, many businesses are only barely making a profit because operational expenses often eat too deeply into their margins.

Financial analysis

This post provides insight into five ways you can cut costs to improve your margins.

Rethink your office space needs

You can start cutting your business expenses by reviewing your office space needs to know how much of an office space you really need.…

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Media Auditing – can your small business benefit from it?

Media generally takes up most of the marketing budget for a company, as they pay to have their adverts on the TV, radio, internet ads, as well as sponsored posts on social media. In some cases, this is one of the biggest spending areas a company will make. Apple, for example, increased its ad spend by a massive 50 per cent in 2015, to a record breaking $1.8 billion.

A media audit allows companies to check the adverts and media they’ve paid for have appeared in the right places, at a competitive price. For example, it’s not worth having an advert for dentures play in the middle of a children’s TV programme, regardless of how cheap the airtime is.…

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Commercial Auto Insurance: What Business Owners Need to Know Before an Accident Happens

If you run a business that has even just one vehicle, then you should look into getting commercial auto insurance. This will help you avoid large payments when an accident occurs and can give you peace of mind every time the vehicle is on the road.

Classic company van

Chances are that you were already required to purchase coverage for bodily harm and property damage when you purchased the vehicle for your business, but policies like that do not cover damage to the vehicle itself. This can leave you high and dry after an accident in the company van, car or truck, even if it wasn’t your employee’s fault.…

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