Your business costs can increase by up to 10 to 20 percent per annum. For example, companies can expect the price of their favorite airline tickets to rise after an increase in oil prices. Your supplier can also decide to increase the cost of supplies by 5 to 10 percent. Increases in expenses can make […]
Saving Money
Should I Save or Invest My Money?
One of the most important parts of getting older is learning how to get better with money. The truth is, people of all ages struggle with money, whether it’s living paycheck to paycheck or not having a savings account. Saving money is not only an essential part of planning for retirement, but also for ensuring […]
How to Reduce Your Business Costs
Last year saw business confidence plummet in the UK, against the backdrop of Brexit and sustained economic decline. SMEs in the UK were hit particularly hard, with confidence amongst these ventures down by 20% in relation to 2017. As business confidence dwindles, firms are likely to adopt an increasingly conservative approach that focuses primarily on […]
Do This for Your Employees and See 3 Major Costs Plummet
When it comes to your business, there’s one thing you need to think about above all else: your employees. That’s never been truer than in the climate we currently live in. In 2018 it was reported that self-employment was rising in the UK—but why? Well, aside from being your own boss, it would appear that […]
3 Ways Utility Broker Services Save Your Business Time & Money
A business, whether it is a start-up or a known establishment, still needs all the help that it can get. Operating costs can be expensive not just in price but in your most valuable commodities—time and convenience. Utilities are often an overlooked matter. It is not just about getting the more affordable deal anymore—it is […]
7 Unusual Free Marketing Tools for Your Organization
Periodically, I come across unusual tools you may find beneficial for marketing your small-to-medium business or nonprofit organization. These aren’t necessarily top of mind or well known, but they can certainly solve some of your common problems. 1. Nameshouts If you’ve ever come across a prospect’s or customer’s name that you don’t know how to pronounce, […]
10 Best Cost Cutting Ideas for Small Businesses
There’s no point in sugaring coating this: running your own business is hard. Very hard. According to FastCompany, after the first 5 years, only about half of all small businesses in the US make it to the 6th. Small businesses are constantly squeezed by increased expenses, making controlling costs more important than ever. Below are […]
How to Brand Your Small Business on a Budget
Effective brand messaging is one of the surefire ways to ensure a business’ success. Every business has a general image that represents its values, expertise, and service. However, not every business has a well-developed image, complete with a voice, a memorable logo, and an overall persona. When you’re just starting out, however, it can be […]
The Evolving Overseas Money Transfer Industry Helping Small Businesses
Small businesses that needed to make or receive international payments had to deal with high costs, extensive paperwork, and long processing times until not so long ago. This was when access to the institutional foreign exchange market limited to banks, governments, and large businesses. Now, technological advances have ensured that small and mid-sized businesses can […]
Why Every Business Owner Should Have a Rainy Day Fund
Even if trading is very successful for your business, you can never be too sure of what dangers lie ahead. If your sales begin to dry up, running costs skyrocket or an unexpected expense messes up your balance sheets, it pays to have a little insurance. To weather a coming financial storm, consider setting up […]
