The First Five Things You Should Consider When Your Business Starts to Boom

Everyone who starts a business does so with a dream in mind; however, very few actually make that dream a reality, let alone a profitable one.

However, what happens when the seemingly unthinkable happens and the money actually starting rolling in?

Startup growth

Oddly enough, raking in the dough as an entrepreneur can be both a blessing and a curse. After all, there are plenty of options on the table which can be quite daunting as a business owner.

For example, is it best to conduct business as usual and pretend like your profits aren’t even there? Should you immediately invest the money back into your business?…

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How to Stand Out When Applying for a Job in Australia

Australia ranks high among the countries in the world when it comes to its resilience in the face of global crisis. Its beautiful natural landscapes, low pollution levels, low population, and eminent positions in quality-of-life rankings attract people overseas to come and make Australia their home. The country’s multicultural society also offers the kind of diversity that makes it easier for migrants to fit in.

Sydney, Australia busy street

But similar to many other countries in the world, finding a job in Australia can still be challenging for many individuals. Even with a low unemployment rate of 6% in 2015, Australia can sometimes be a difficult place for job-hunting because many applicants tend to lack the necessary occupational skills or because they are unable to produce evidence of applicable work experience.…

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Important Financial Tips for the New Small Business Entrepreneur

People start small businesses all kinds of ways, but one common factor within these diverse origin stories is the difficulty of controlling money. Money, essentially, is the reason all businesses exist. When your business starts up, it’s flowing all over the place.

New business financial meanagement

If you don’t have a lot of experience in the world of business accounting, it can be difficult to get the finances right during the critical early stages of your business’s existence. Following the following steps will help you correct early errors, and ultimately stay in business for a lot longer.

Separate Private and Business Finances

It’s common, in the early stages of your small business’s existence, to mix up your personal and business finances.…

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Taxes And Your Small Business

Debt is a pain, and if you run a small business your personal debt could have an effect on your business and your taxes. Freelance and contract workers have enough to deal with when it comes to tax time, so it’s not fun to learn that there are other things that can mess with you when tax time rolls around.

Doing taxes

One depressing thing is knowing that if you get a good deal paying off a debt it could come back to bite you when you file your taxes. You just might get a 1099-C in the mail for the money you saved, which will make it count as part of your income for the previous year.…

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Stopping Slip and Fall Accidents: What to Do Before Bad Things Happen at Your Business

If you are a small business owner then you have plenty to worry about, including ensuring that your clients are satisfied, double checking that your inventory is well stocked, and making sure that your suppliers can be relied on. One thing that you may have overlooked but which could make a big difference to your business’s bottom line is a slip and fall accident.

Caution wet floor sign

As a business owner, you are responsible for ensuring that your business is safe for any visitors, including customers and employees. If you fail to provide a safe space and a person slips and falls then you could be held liable and the cost to your business could be extremely high.…

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How Your Small Businesses Can Compete With Big Companies

A few years ago, small businesses that tried to compete with big brands found it difficult to keep up. For those business owners, it was an uphill battle they could not win. But today, your business can co-exist profitably with big box stores using these tried and tested approaches:

Customer service is your competitive advantage

Take Your Business Online

If you haven’t done so yet, it’s time that you do. Having a strong online presence is key to your success. Why? Because everyone is online nowadays! Build a professional website and use professional SEO services to help get your website as high up as possible in Google searches.…

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Options For Handling Personal Debt Before Starting a Business

There are going to be times when people have a great idea to start a business, but still have some financial baggage in their personal monetary history. The question that hits: is it possible to start a new business while being privately in debt? The answer is – it depends. But, at the very least, having a goal for the personal debt is a must before you get too far into the details of your new business venture.

Paying personal debt

So to begin looking at your options overall, consider things like debt consolidation, taking out personal loans, talking to the SBA, getting angel investors on board, and using crowdfunding and crowdsourcing as a modern resource.…

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A Quick Guide to Importing Goods into the United States

Whether you’re looking to leverage cheaper-made merchandise or diversify your product line, selling imported goods in the U.S. is a very lucrative business. Importing doesn’t necessarily mean you’re cannibalizing the economy. In fact, according to research from the Federal Reserve Bank of San Francisco, every $1 spent on an item that’s made in China puts 55 cents to U.S. businesses for marketing, sales, and related services.

Importing to the USA

If you are thinking of importing goods and selling it to the U.S. market, you’ll need to know more about the country of export as well as U.S. laws regarding importing. You also need to pick from among the reputable USA customs brokers.…

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Packing Smart For Your Next Business Trip

Business trips can be stressful, and the last thing you want to add to your plate is the worries of forgetting something that you really needed. That’s why it’s important to have a packing strategy in place. Of course, if you do forget something you can always use it as a business expense when you need to purchase a replacement.

Business travel packing

No one wants to have to always buy a bunch of stuff when they get to their destination, though, just because they forgot things that could have been easily remembered. Here are some things that can help your pack smarter, and not forget stuff, when you get ready for your next business trip.…

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Your Business Automobile – What You Need To Know

Even your personal vehicle can be considered your work vehicle, part of the time, especially if you’re self-employed. Whether you already have a vehicle and want to know more about what it can do for your business, or you’re now in the market for a business vehicle, there are some things you want to keep in mind.

Business car and stylish businessman

When it comes to your work vehicle, especially if you also use it for personal means, you want to keep track of a lot of things, from repairs to where you’re driving it to and from. Here are some things you need to know if you want to get the most out of your business automobile.…

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