Reducing business expenses

Reducing business expenses

Having control over your business expenses is an essential part of running a successful small business. Fortunately, controlling your expenses does not have to be hard work. Consider the following ways to reduce your business expenses: Automate New technologies such as cloud computing systems can help free up a lot of time and resources and…

Reducing business expenses

Reducing business expenses

Having control over your business expenses is an essential part of running a successful small business. Fortunately, controlling your expenses does not have to be hard work. Consider the following ways to reduce your business expenses: Automate New technologies such as cloud computing systems can help free up a lot of time and resources and…

Risks of investing in cryptocurrencies

Risks of investing in cryptocurrencies

Bitcoin experienced its worst first quarter in history in 2018, falling from $13,412.44 to $6,928.85 in the three months to 31 March. Bitcoin, among other cryptocurrencies, are slowing down with market values expected to plummet further. The highly volatile nature of cryptocurrencies means investors need to be aware of the risks before deciding to invest…

Cutting down your marketing costs

Cutting down your marketing costs

When business is struggling, one of the first places business owners look to cut costs is in their marketing efforts. Although many do not view marketing as an essential element, it can create immense value for a business. Fortunately, there are still ways to market your business on a tight budget, forging the need to…

Tricks to save more money

Tricks to save more money

Most people, at some stage or another, will need to save money. Whether it is for a large purchase such as a house deposit or money for a rainy day, similar savings principles apply. Consider the following tips to boost your savings account: Automate your savings One of the easiest ways to get into a…

Saying no to pushy salespeople

Saying no to pushy salespeople

It is more than likely at some stage of your life you will encounter a pushy salesperson attempting to close a sale. And although you may feel rude to decline, it is important you don’t feel pressured into purchasing. Salespeople are generally highly trained in a range of persuasive sales techniques; they know what tactics…

Starting a business with minimal funds

Starting a business with minimal funds

Starting a business with little to no personal capital will be challenging, but it is not impossible. Luckily, if you think creatively, there are a number of ways you can start your business without having to spend big. Below are some strategies you can try: Crowd-funding One way to get some money behind you is…

Managing investment risks

Managing investment risks

Investing can be a great financial strategy, but only if risks are managed appropriately. When investing, it is important to understand three aspects surrounding risk; what it is, why it’s important, and how it can be used to your advantage. Investment risk involves understanding that any investment strategy you use may result in you losing…

Managing risks associated with investing

Managing risks associated with investing

Whenever or however you choose to invest, there will always be risk involved. Luckily, there are strategies you can adopt to manage this risk in the best way possible for you and your investment goals. Unfortunately, volatility in financial markets can cause an investor to lose their confidence. The Australian Government has provided Australians with…

Maximising your accounts receivable

Maximising your accounts receivable

Freeing up working capital can help businesses fund growth, reduce debt levels and lower costs. One way to improve working capital is by managing your accounts receivable. Many businesses fall into the trap of poor accounts receivable management, for various reasons from extending credit to customers, to ignoring payments terms to guarantee a new sale.…