POST CATEGORY : Finance

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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Defined Direction – What Skills You Should Look to Develop When Entering the Business Landscape

When you started university, you didn’t necessarily know what exactly you wanted to accomplish. With so many roads from which to choose, a clear path is not necessarily visible right away. After a time, however, you concluded that you wanted to get into business after uni. Now that you’re closing in on a graduate diploma of applied finance, or a master’s degree in marketing, or whichever business path you’ve chosen, it’s time to consider the outside world a little more.

Happy businessman

If you do plan on owning and operating your own business after you leave our institution, there are a few different skills that you should look to develop.…

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How to Get an Instant Loan of up to £2,000 for Your Business

Getting a loan nowadays has become a common practice because of all the expenses one needs to cover in a single income. Especially in the UK, it is inevitable to apply for a loan whether you have a good credit rating or a not-so-perfect score.

Instant loan

These loans are required for debt consolidation, to pay for a new car, college fees, emergency and unforeseen hospital bills, business expenses or capital, and so on. But at times getting a loan becomes difficult because banks typically look at your credit score and if it is less than perfect, they usually decline your application.

The same goes for credit unions and other organisations out there because they need some guarantee that you would be able to repay the loan amount without defaulting.…

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Why Millennials Need to Think About Buying Gold

If you are a millennial, you are probably still trying to launch a career, secure a job position, and perhaps make enough money to get married and settle down. Things like gold are probably the farthest from your mind, unless you are an investor or a trust fund owner. If you are, or ever have, thought about buying gold, then great. That means you are on your way to securing your future finances. If you have not, then you really should think about buying gold, along with saving and investing, to be better off financially in the coming decades.

Gold bar

Read below to find out why, as a millennial, you should consider buying gold.…

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Saving Money on Your Startup: 5 Cost-cutting Measures That Will Help Your Bottom Line

Starting your own business is a dream for many business people. After years of making money for someone else, many of us look around and say, “It’s my turn. I want to be in the driver’s seat,” and a new small business is born.

Startup action

The gestation of that business, however, can be a long and difficult road to travel. Starting and running your own business is not for the faint-hearted. It is perfect for over-achievers who believe that sleep is optional, coffee is a basic food group and who have a vision that they can trust no one else to make true.…

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Need to Get Cash Flow Back on Track? Here Are Some Tips to Help

With so many funds going out of a business bank account to pay for procurement and other costs, it is easy (and very common) for organizations to often struggle with cash flow as a result. However, cash flow is the life blood of all ventures, and needs to be kept track of closely if a business is to steer clear of financial woes, staff layoffs and even closure. If you need to find ways to get your organization’s cash levels more even, read on for some tips you can follow today.

Stressed out business leader

Track Cash Flow Closely

The first step to take if you want to get on top of cash flow is to consistently track it.…

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