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Do Student Loans Stifle Potential Businesses?

Approximately 50% of the American private sector is comprised of small businesses. But due to student loans, the American entrepreneurial spirit has suffered a hit and in 2016, CNN reported that US entrepreneurship has been at an all-time low for nearly 40 years.

College student starting up a business

According to a 2015 study done by Brent W. Ambrose, Larry Cordell, and Shuwei Ma, student loans can stop Americans from financing a startup and inadvertently hamper economic growth. The researchers say that potential business owners are encumbered by student loans that they longer have any way of borrowing more money. The student loan debt in the United States is now over $1.3 trillion.…

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6 Common Mistakes of Site Owners Going Global

Taking your business abroad is a great way to get new clients while also exploring new markets. But, going global is no easy feat, and without proper planning, you could end up facing all sorts of obstacles.

Business website owner going global

Going global requires all sorts of changes, especially to your existing company website. Here are 6 common mistakes that site owners make when going global as well as ways to avoid them.

1. Taxes & Duties

No one likes to worry about the tax side of business, but this is a common mistake that you’ll definitely want to avoid. Be sure to research the various tax and duty factors including:

  • Which countries you need to register in

  • Tax amounts

  • VAT thresholds

It’s also important to determine when taxes and duties should be paid.…

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How Having Competitors Nearby Can Help Your Business Grow

Business owners in general avoid locations where there are competitive businesses, wrongfully assuming that the more similar businesses there are in the area the fewer clients/customers there will be for them. And naturally, fewer clients or customers translates more often than not into lower profits.

Competing shops

But even though this conviction may make sense at a first glance, it’s not entirely true. On the contrary, it has been proven that having competitors nearby can actually be beneficial and help your business grow.

Here are a few examples how you can benefit from choosing a business location within a short distance of your ‘business rivals’:

Attract more clients/customers

Areas with high concentration of similar businesses within a short distance from one another often tend to be associated with those particular businesses.…

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Why it’s Crucial to Understand if Your Business can Afford a Business Loan

If your business is running low on cash, or if you’re keen to expand but don’t have the capital, a business loan can seem like the perfect answer.

Business loan

It’s true that a business loan can provide a valuable boost to working capital, especially if your income fluctuates. It can also enable you to pursue exciting growth opportunities.

And these days, getting a small business loan is much easier than it used to be. There is a booming alternative finance market in Australia, with a huge range of lenders eager to lend to small businesses. In fact, about half of Australia’s two million small businesses have a business loan facility other than a credit card.…

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Can Multi-Level Marketing Offer a Viable Career Opportunity?

Given the current economy more and more individuals are seeking multiple avenues to generate additional income. Flexible home-based and internet opportunities have provided a new way in which to earn cash, shunning the traditional 9-5 grind.

Whether you’re a millennial saving to buy a house or travel, or a stay at home parent who still wants to earn money, the potential is endless. Plus you get to enjoy the freedom of being the master of your own schedule!

Multi Level Marketing prospect meeting

Many of these home-based jobs lie within multi-level marketing, which has received varying viewpoints – often based on misinformation. Multi-level marketing can offer an extremely rewarding and flexible way in which to work, but it does pose questions from some.…

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3 Ways Asset Tracking Efficiently Helps Your Business Get More Done

RFID tracking and QR tracking tags are two forms of technologies that make it easier and more time-efficient for tracking assets. Why is managing your assets efficiently, via automated processes and management software, instrumental in optimising the facility’s workday?

Asset tracking

If you have a few minutes to spare, I’d like to share a few ways with you about how asset tracking systems benefit your facility and organisation’s bottom-line income and profits (Not to mention making your workers’ lives easier.)

1. Keeping The Books Straight

Proper accounting (known as ‘balancing the books’). Whether you’re tracking digital assets, physical or intangible assets, having accurate books (in the hands of skilled accountants) is paramount for ensuring projects are completed on time.…

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Playful Spaces: Why The Office Won’t Just Be About Work

Dogs, slides, park benches, and swings. These words are often associated with outdoor parks and playgrounds, but never offices or corporate spaces.

This is changing.

The line that separates office and play blurs everyday. With a vibrant array of furniture, unique installations, and pet-friendly spaces, modern offices are becoming more like indoor playgrounds; with some work still required.

So why are dull and drab offices becoming more fun and sprightly? With technological advancements, many employees are choosing to work remotely. Yet, many organizations still understand the allure of workspaces being a place for employees to gather. As a result, companies are making their offices more appealing, creating incentive for employees to come to the office.…

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How to Grow Your Business Through Online Education

The internet has allowed more people than ever to eschew traditional offices and desks in order to work remotely at their jobs. As a business owner, you may not have that option – your business probably requires you to show up in person and put in long hours every day. Fortunately, that doesn’t mean you can’t take advantage of the internet to help your business grow – by using it to get the education and skills you need to take your business to the next level.

Business owner taking online education

For many entrepreneurs, an online MBA program is a viable option to get a top-notch business education without neglecting their companies.…

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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.

Startup trucking business

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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