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Posted by on Jul 23, 2018 in Freelance Tips, Uncategorized | 0 comments

The Balance of Business and Personal Finances

The Balance of Business and Personal Finances

Like oil and water, your business and personal finances don’t mix. Responsible financial management is crucial to surviving a volatile economy for any company. To keep stable finances, business owners need to be well versed in financial literacy, in their personal and professional lives. The startup and growth phase It’s easy to overstretch personal finances to support the startup costs of a business. Trying to compensate for the lack of revenues leads to mismanaging personal finances. Not saving, and borrowing against personal credit, are partly why 30 percent of small businesses fail in their first year. When your business begins to generate cash flow, the business then supports you. It’s crucial to budget personal and business expenses separately or both will suffer during challenges of downturns in fluctuating markets. The ability to protect your personal assets from business debts and losses should be of the utmost importance for any business owner. Establish a business credit profile Putting your business on the map is the first step to separating your finances....

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Posted by on Jun 4, 2018 in Uncategorized | 0 comments

5 Ways SEPA Can Transform Your Business

5 Ways SEPA Can Transform Your Business

SEPA, The Single Euro Payment Area, was introduced to facilitate the transfer of Euros throughout the Eurozone. By treating the entire Eurozone as a single domestic market, SEPA has been able to greatly reduce the costs and complexities of transferring money internationally within the Eurozone. SEPA offers a number of significant advantages to businesses who need to make payments across the Eurozone. Here are five ways that SEPA, via its unification of multiple independent payment systems, has the potential to transform businesses. Send Money for Less One of the main advantages of SEPA is that it allows for the Entire Eurozone market to be treated as a single domestic market. Prior to the advent of SEPA, many businesses had to use one system for making payments within their own country and an entirely different system for making international payments. This meant that businesses were at the mercy of whatever payment operators were available in their location. SEPA has changed this dramatically, allowing businesses to avoid the large fees that...

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Posted by on May 23, 2018 in Uncategorized | 0 comments

5 Tips to Help You Get A Big Project Completed on Time

5 Tips to Help You Get A Big Project Completed on Time

When you are working on a big project, it can be very beneficial to have a strong team around you. Sometimes, making sure this team is working efficiently can be difficult and so projects tend to fall behind schedule. If you have a big project that needs to be completed and a client that you want to impress, you’ll want to avoid this at all cost. Managing your team and understanding how to get a project completed on time can be very important. If you’d like to know more about how you can reach that important deadline, keep reading our 5 tips below! Choose the Right Team If you are having the opportunity to choose the team for your project, make sure to think carefully about this decision. You’ll want to choose people who can really help the project and people with the individual skills that can make a real impact. It is important to choose people that can offer different skills so that they can help at various...

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Posted by on Apr 30, 2018 in Uncategorized | 0 comments

The Tech Your Business Needs to Improve Customer Service

The Tech Your Business Needs to Improve Customer Service

Customer service is one of the most important components in a business. This is because the profitability of a business is dependent on the satisfaction of the customers. When the customers are happy, they not only buy from you, but you also have better chances of retaining them for the long-term.  Additionally, they act as an advertising tool for your company. Therefore, as a business owner, it is essential to keep up with the customer demands and serve them well by employing the best technologies. Some of the technologies that you can use include: Mobile Apps A mobile app is one of the tools that you can use to boost customer satisfaction. An app gives your customers easy access to information straight from their mobile devices. It is a tool that can boost interactions because the user doesn’t have to key in a website URL every time they need contact with the business. Users will be able to complete transactions with just a few clicks and that speedy and...

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Posted by on Apr 25, 2018 in Uncategorized | 0 comments

7 Strategies for Improving Employee Satisfaction

7 Strategies for Improving Employee Satisfaction

Looking after employees and ensuring their satisfaction has become one of the biggest issues for companies to address today. With no shortage of job openings for experienced and qualified individuals, companies need to work on retaining their best employees or risk losing them to the competition. Employees who are dissatisfied with their role are not only more likely to grab an opportunity to leave your company; they’ll also be less engaged with their tasks and may be suffering from a lack of motivation. All of these can lead to decreased productivity and a loss of reputation for your brand. So, it’s clear to see that investing in employees isn’t just good for your workforce; it also has a wide range of benefits for your business as a whole. After all, your employees are crucial to your company – they are the ‘backbone’ that it simply can’t do without. If your productivity is lacking and the passion has gone from your workforce, here are some ideas that you may want...

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Posted by on Apr 23, 2018 in Uncategorized | 0 comments

What Types of Business Insurance Do I Need as a Contractor?

What Types of Business Insurance Do I Need as a Contractor?

There are several kinds of insurance any small business needs, and there are types of insurance that contractors need that other businesses may not. That is aside from the insurance customers may require from their contractors before they even consider hiring them for work. But what type of insurance is essential for contractors in particular? Let’s address each in detail. Worker’s Compensation If you have employees, you are probably legally obligated to have workers compensation insurance. In this instance, you could be hit with a fine for not having it. Worker’s compensation rates are based on the risk and hazards associated with the work. Worker’s compensation insurance, along with general liability insurance, is often the minimum insurance you need to prove you have to be considered by many clients. Liability Insurance Contractors are typically professionals paid for their expertise or their skills. If you make a mistake, you’re on the hook for the consequences. Professional liability coverage provides a measure of protection from the worst consequences. This type of...

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