POST CATEGORY : Finance

Don’t Pay Too Much for International Currency Transfers

As a small business owner who deals in international transactions, your transition into this mode of business was likely a gradual one. Nobody goes from regional to national to international all at once. The slow, intermittent nature of your growth into a truly international market causes a lot of small business entrepreneurs to lose a lot more money on these transactions than is necessary.

International currency transfer

That’s one of the major problems about small business. Without achieving the benefits of economies of scale, it’s easy for a solopreneur or even a manager to perform an international transaction in a way that isn’t as efficient as possible.…

Continue reading →

5 Kinds of Insurance Every Business Needs

You already have at least one kind of insurance. You probably have auto insurance to protect your car and cover your liability if you get into an accident.

You might have home insurance to protect your real estate. You might even have life or other types of insurance to protect yourself financially. All forms of insurance share something in common: They protect your investment and ensure you aren’t ruined in the event of an unexpected twist of fortune.

Business insurance protection

Protect Your Business

It’s not hard to anticipate an “unexpected turn” like a house fire or an auto accident, but for some reason, many entrepreneurs fail to plan for the bad things that can happen in business, as well.…

Continue reading →

5 Reasons That The FinTech Sector Is Booming (And Won’t Slow Down)

It’s no secret that FinTech is booming. The sector is attracting users and investors by the millions, taking over operations that were once exclusively the domain of banks. UK neighbourhoods, such as Shoreditch, Old Street and King’s Cross, have undergone dramatic overhauls as they have become hubs of the industry. Everyone wants a piece of the pie.

FinTech trends

Banks fear the rise of the FinTech sector, and with good cause. They’re quickly being replaced by the far more attractive options FinTech companies are increasingly able to provide.

But why is it that the FinTech sector is rising so seamlessly? Here are the 5 main reasons:

1.

…Continue reading →

Crowdfunding for Property Investors: What you Need to Know Before you Begin

Crowdfunding for real estate offers a new way for investors to get into the property market. The basis behind crowdfunding is for developers and real estate investment fund managers to raise capital from multiple investors for investment purposes.

Crowdfunding for property investors

Investors have the advantage of owning a share of a large property investment that might otherwise have been out of reach. Another significant benefit is the ability to get started in the property investment with a relatively small investment.

For example, some online crowdfunding portals will allow investors to get started with as little as £50. Others may require a larger initial investment to get started, with many ranging between £5,000 and £50,000.…

Continue reading →

Top 5 Reasons to Invest in Key Person Insurance

Imagine you’ve just started out as a new company. You’ve gone in with a friend who is now your partner, you’ve signed up documents and you’re ready to go. A few weeks in, things are going well. You’re organising sales, you’re hiring new people to keep up with the demand and increase for your services, you’re working closely with your partner and you’re pushed to your limits, making sure that you’re maximising revenue for minimum cost.

You’re probably spending all of your time working out how to make your company as profitable as possible, and so is your partner. Have you thought about insurance?…

Continue reading →

Here’s What You Need to Know About Choosing a Credit Card for Your Small Business

When you’re running a small business, it can be hard to find the cash to keep things running smoothly. That’s especially true when your business is young, and you haven’t yet established a reliable cash flow. When you’ve got bills to pay and you’re still waiting on a much-needed payment, getting a bank line of credit, seed money from an investor, or even a personal loan from a relative or friend isn’t always possible – or desirable.

Tool shop owner

A small-business credit card may be the answer. This card can give you the financial flexibility to cover expenses that come up when cash is tight, letting you carry the debt until you get your next payment.…

Continue reading →

Combined Skills: The Benefits of Forming a Real Estate Investment Partnership

Forming a real estate investment partnership can have some excellent benefits. An investing partner can open new possibilities that may not have otherwise been available and can make it easier to build up a profitable property portfolio in a shorter time frame.

Real estate investment partnership

Of course, there are times when investing as a partnership won’t be viable. For example, buying a smaller project or a single family home might be more profitable going it alone.

However, when you start looking at larger investments or multiple simultaneous projects, having an investment partner at the ready can help build momentum. Here are some of the key benefits to forming a real estate investment partnership:

Play to Individual Strengths and Combined Skills

A good partner should bring something to each investment deal that you don’t have.…

Continue reading →

5 Reasons Why You Should Buy a Home in Surabaya

Surabaya is home to world renowned mayor Tri Rismaharini who has consistently made improvements to the urban landscape in the last five years and is one of the biggest and most bustling cities in Indonesia, and it’s also one of the hottest places to live right now. Not only is there lots of opportunity for families and working professionals alike, but it’s also getting even better with each passing year. Although Surabaya isn’t known for being picturesque and has a reputation for being very fast-paced, true locals know that the city is much more than that. Here are five reasons why you should be looking at real estate in Surabaya right now.…

Continue reading →

Is the Ultimate Goal of a Business to Maximize Profits?

Economic theory assumes our decisions are often based on the anticipated results. If we’re able to maximize an outcome, we choose the maximizing option.

Maximum

As consumers, we maximize utility, making purchasing decisions based on the greatest value for the lowest cost. The same is true for productivity, searching for the greatest possible output for the least amount of input. And as small business owners, we try to maximize profit where revenue at least equals costs.

In other words, we’re simple “maximizers.” But are we really?

The reason we make one choice over the next is rarely that simple, which then begs the question of whether small business owners really maximize profits — or if this should even be the ultimate goal.…

Continue reading →

Silver Could Be the Perfect Investment Choice for your Business – Here’s Why

There comes a point in the life of every enterprise where your business isn’t performing as well as it used to. Peaks and troughs are inevitable, and yet the ultra competitive commercial environment left over from the recession means that the effects of such a pattern are more dangerous than ever before.

Silver coins and bars

For those entrepreneurs who are not willing to leave the fate of their venture to the vagaries of the economic market or industry trends, it pays to have a backup plan. You need to be able to create a comfortable cushion of cash to support your business, so that when you inevitably fall, hitting the ground doesn’t break you.…

Continue reading →