Author: Complete Controller

How much money should you save each month? There are many ways to answer this question. The short answer is that you must save a minimum of 20% of your income every month. At least 12 percent to 15% of which should go to the retirement accounts. The other 5%  to 8% of that should go towards a combination of building an emergency fund, creating other long-term savings, and repaying the debt. Although this is a good rule of thumb, it is not the only answer. If one wants a more in-depth answer, read on.

What are your financial goals?

To take a deep dive into determining how much one should save each month, start by looking at your goals. Roughly speaking, the financial goals break down into four buckets:

• Expenses that are coming in less than a year
• Expenses that arrive in less than a decade
• Long-term/ten years or so away
• Short-term financial goals

Expenses coming in less than a year are things like taking a vacation to the beach, buying holiday gifts, making sure that one has enough money on hand to pay all the taxes, and maintaining the savings for a birthday party. Another example of a short-term financial goal-saving is the value of six months of spending from an emergency fund. One can do it in less than a year. If you want to save $5,000 in nine months, you will need to put in $ 555 a month to achieve this goal.

Long-term financial goals

Long-term financial goals are more than five years but less than ten years. They include expenses like replacing appliances, making major repairs at home, buying a new car (ideally by paying in cash for it), or making mortgage payments for the house.

Extremely long-term financial goals

Under the ambit of over ten years, one’s goals could include building a sizable education savings fund for your children or buying a second home. Of course, one must also include the ultimate goal of long-term savings, aka retirement.

Create a list, plan, and Calculate

People have already covered the subject of retirement, so this list of expenses includes stuff that one is currently saving and everything else, such as weddings, home repairs, vacations, travel, and education savings. Then divide this amount of time by the amount of money that is needed for each goal. For example, assume that a saving amount of $10,000 is required for a wedding, and the plan is to get married in the next two years. One will need to save $416 per month over the next 24 months to reach the $10,000 target. Apply this calculation over all the goals mentioned on the list. To get a better view of the current situation.

What to do if a person has high saving goals?

If you set goals that are outside your means, you will defeat the purpose of making goals. When it comes to savings or budgeting, you have to modify or cut some of the goals. Can a cheaper car be bought? Have a more affordable wedding. Buy a cheaper house, which will require a smaller payment. Then look at how can the current expenses be reduced. Canceling cable TV can save an extra $50 or $60 a month that can be put toward one of the many savings goals. Then see if the deadline for one of the goals can be extended. Is it necessary to replace the kitchen appliances this year, or the current appliances are bearable for at least the next few years? Finally, look for ways to make more money, for example, by freelancing on the side. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

No matter how big or small the company, it is always vulnerable to fraud. From the smallest of starter businesses to the largest of established corporations. Fraud may cause losses of at least 5% to 10%. Industries incur significant losses and setbacks due to fraud each year. Nearly 35% – 45% of the fraud cases were related to private sector companies. Approximately 30% of the frauds were reported from public offices and 15% in government agencies, with only 8% from non-profit organizations. The medial loss of fraud was around $24,000. Could your business handle a $24,000.00 loss due to fraud?

Some companies are more prone to fraud and top the vulnerable list. Some examples of these companies and businesses are stated below:

Fraud affects every industry at some point in time but in different ways. For example, there are vigilant departments in larger companies and industries to track fraud attempts, while smaller companies might not have this capacity. />

1. Banking & Finance Industry: the banking and finance services face fraud often. Last year, 17% of the fraud cases were reported from the banking and finance industries. The fraud ranges from cash stealing and larcenies to unauthorized check payment and check kiting. The frequent use of credit cards, plastic money, and online payment methods has given rise to electronic fraud. 
2. Government Sector: Government offices and services are extremely vulnerable to fraud-related discrepancies mainly due to the number of employees. The next highest number of cases of fraud were reported from the government sector at nearly 10%. Government offices fall prey to every other kind of fraud, including billing fraud, purchasing of substandard or low-quality products, expense reimbursement fraud, asset misappropriation, and payroll fraud.
3. Manufacturing companies: Manufacturing companies have a high risk of fraud ranging from 10% – 12%. Non-cash frauds are more frequent and include stealing products and goods from employees or visitors, inappropriate use of company goods, and billing fraud. In addition, reimbursement fraud is common and occurs due to sales forces and territory sales managers’ misconduct.
4. Healthcare Industry: Healthcare businesses are prone to billing schemes that account for 35% – 40% of fraud. The healthcare sector is run most of the time through insurance companies. People get to spend more as they age, and hence the chance of fraud increases. The average amount of fraud that happens within the healthcare industry is around 7%.
5. Educational institutions account for 7% of frauds. The most common kind of fraud in the educational industry relates to educational loan exemptions, billing, and reimbursement schemes. Corruption, skimming, and payroll fraud are also prevalent.
6. Retail Industry: The retail sector encounters almost 6% of fraud cases. The most common types of fraud in the retail industry are inventory theft and cash stealing. However, the overall rating of fraud in this sector is lower than in the others.

How to be Protected from the Risk of Fraud?

Every industry faces the threat of fraud, making it essential for companies to protect themselves as thoroughly as possible. It is crucial for businesses to plan and implement safeguards to reduce risks and prevent both fraud and financial loss.

 

To address fraud threats effectively, all companies should prioritize adopting both internal and external controls. The mechanisms used to detect and identify fraud should be tailored to the specific needs of each business, as different industries are susceptible to various types of fraud. 

 

With the help of technology, companies have strengthened their controls against fraud. Each process, from issuing purchase orders to processing payments to vendors, is now being carefully checked and verified. Businesses are also encouraged to invest time and resources in training their employees to recognize and report any attempted fraud they may encounter.

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Running a food service business is challenging. Foodservice requires more management skills than any other business. It is essential to have a proper cost-controlling plan for running a successful business.

Some of the most common reasons for foodservice budget concerns are losses that occur in the kitchen, unfortunate thefts by someone from the team, inattention to stock, or inappropriate menu pricing.

This lack of cost control can eat the profits of the restaurant, and no matter how much food is sold at the end of the month, the numbers are not going to be what one expects to see from a successful restaurant.

As such, it is impossible to manage and control the menu prices if the costs of supplies are not monitored. Likewise, it is essential to know precisely how much food is stocked and how much it costs, so it can be easier to calculate and project the business’s revenue.

Inventory Management:

When preparing cuisine, a restaurant needs a constant supply of ingredients or raw materials. Previously it was a hectic task to keep track of inventory, but now there is software that is exclusively designed for managing restaurant inventory. Some valuable tips for maintaining the inventory are below:

• It is wise to do stock engineering by following the technique of FIFO (First In First Out), as the items that are used in the kitchen have the shortest expiry date.
• Do not overstock: Once the business becomes stable, the stock managers know the exact number of items they need per day or per week. It is useless to overstock the food. Follow the usual demand and supply method for cutting stock expenses.

Recipe Management:

People look for a restaurant that serves food that tastes good and is consistent. Large restaurants keep a Standard Operating Procedure (SOP) for their recipes. It also helps them track the required amount of ingredients. Stocking unnecessary ingredients leads to unwanted and avoidable expenses.

Menu pricing:

The menu should be built on a strategy that requires prior planning and thorough calculations based on ingredients necessary for each dish, seasonal items that are required, and prices that can fluctuate (like gas prices, fuel prices for delivery services, etc.). Menu prices should not be changed for a long time because it would be unethical to raise the prices quickly. If the prices have to be raised, it is better to offer smaller portions or different cuts of meat to still be profitable. Remember, food costs should be around 25-35% and should remain constant to generate profit without any intrusion.

Staff training:

It is imperative to have a trained staff in the food business. The staff that works in the kitchen should be highly trained to control costs since they are the ones who work with the product. If the kitchen staff makes mistakes, then it directly affects the expense. Make sure they understand the appropriate portion size because if portion size varies, expenses will increase.

Waste Sheet:

In addition, the kitchen staff should keep a record of waste on a Waste Sheet. It should be reviewed periodically and easily maintained using the software. If software cannot be used, then a manual sheet should be used by staff.

Pilferage:

Restaurants lose money due to theft, and it can be difficult to identify. An easy way to monitor theft is to assign roles to each worker and stop unauthorized access.

Final words:

When establishing a successful food business, cost control is crucial. It is important to strategize the menu and hiring and closely monitor other miscellaneous expenses.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Stepping into the business world is a significant undertaking. One way is to start a personal business, and the other is to buy an existing one. A person can also purchase another business’s franchise with a copyrighted brand name. Every business option has its pros and cons, making choosing the correct business option difficult.

The pros and cons of purchasing a franchise and running a personal business can be understood with self-assessment. The questions to answer personally are:

• Am I ready to follow the assigned rules and regulations of a franchise?
• Do I want to have the freedom to experiment with an innovative idea?

In essence, does the business owner want total independence or want to follow an already made system of operations? This is the choice where individuals can get confused and make an error. When it comes to cost and benefits, there is generally a specific value the owner will have to pay to purchase a franchise. However, the same may not be true for starting a personal business. The following advantages and disadvantages should be considered:  

Brand consciousness

No matter where an individual travels, he will find the same taste and customer service at any McDonald’s or Subway all over the globe. The franchise’s law of replicability and uniformity guarantee this service and taste. Customers are aware of this rule and follow their favorite brands as a result. Franchised brands have maintained their image over time and gained the trust of their customers in the process.

Regulator/independence

A person starting a personal business must control everything individually with complete access to and control of every detail. When buying a franchise, a person must keep up with every single rule laid out by a franchisor. The key point to remember is that franchisees are not the owners of the franchise unit. They are given a license to use the brand’s name, equipment, uniforms, operating system, etc. A franchise owner controls hiring and firing employees but must follow the brand’s rules and implement its approved culture and values.  

Operating system

An individual must understand what is necessary when buying an operating system or inventing one. Starting a business is perfect for an individual with an innovative and creative mind that wants to develop meaningful standards. Instead, a franchise offers a system that comes with a structured manual for handling daily tasks.

Equipment and supplies

Supplying the personal business with essential equipment requires a proper study of what is needed to produce and monetize goods or services. Overbuying and under-buying are common for new business owners. Understanding supplies is essential for any personal business owner. A franchise provides aid for the franchisee to purchase the proper equipment.

Economy’s Scales

A personal business owner must make efficient decisions regarding purchasing goods. For a franchise, the brand provides negotiation on bulk orders and helps the individual to save money. With the brand as a backup, the franchise can manage increasing credit efficiently. Having the trust of the franchisor builds customers as well.

Legal exposure

It is legally necessary for franchisors to reveal precise information about the financial health of their business. Asking oneself questions are essential and should include:

• Is the franchise trustworthy to buy?
• Is there a backup plan once the seller disappears?

If facing a franchisor in court, the franchisee must have ample, accurate legal information.

Financing

Starting a personal business can cost less instead of purchasing a franchise. Many individuals have started out with a small budget and succeeded tremendously. Retail space and equipment are essential for a new business, while many franchisors do not provide financing to their franchisees.

Final verdict

Running a personal business can require a lower initial investment while purchasing a franchise requires a significant investment. A person buying a franchise has to follow a specific set of rules. However, personal business startups need freedom and courage to take the initiative.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

Effective Marketing to Seniors: 6 Essential Strategies

Marketing to seniors requires tailored strategies that prioritize clarity, trust, and multichannel engagement to connect with this demographically diverse and economically vital audience. By understanding their unique preferences—including value-driven decision-making, trust-based relationships, and varying digital literacy—businesses can build meaningful connections that drive brand loyalty and conversion.

As the founder of Complete Controller, I’ve spent two decades helping businesses across all sectors optimize their financial operations and marketing strategies. The most successful campaigns I’ve witnessed share one critical insight: adults over 50 control 42% of global consumer spending, totaling $45 trillion in GDP contributions, yet remain vastly underserved. Through data-backed approaches refined across thousands of client engagements, we’ve helped businesses increase senior engagement by up to 70%—proving that respectful, strategic outreach transforms this demographic from overlooked to loyal brand advocates.

What is effective marketing to seniors and why does it matter?

• Effective marketing to seniors involves adapting strategies to their distinct communication preferences, life experiences, and values to foster trust and drive conversions.
• It matters because seniors represent a high-value demographic with tremendous spending power and loyalty tendencies that influence entire households.
• Success requires balancing digital innovation with traditional touchpoints while respecting privacy concerns and accessibility needs.
• Key elements include authentic testimonials over statistics, value-focused messaging, and seamless integration between online and offline channels.
• Businesses mastering these strategies gain competitive advantages in an underserved market with exceptional word-of-mouth potential.

Understanding Your Senior Audience: Moving Beyond Age-Based Assumptions

The senior demographic spans three generations with dramatically different worldviews, technological comfort levels, and purchasing behaviors. Baby Boomers (born 1946-1964) balance digital engagement with traditional media consumption, while the Silent Generation (born 1928-1945) often prefers direct mail and phone communication. Within these broad categories, behavioral segmentation reveals distinct consumer profiles that smart marketers leverage for precision targeting.

Active Agers prioritize experiences over possessions, planning to spend an average of $6,659 on travel in 2024 according to recent AARP data. Health-Focused consumers, who spend over five times more annually on healthcare ($22,356) than children ($4,217), seek wellness solutions and preventive care options. Tech-Adopters defy stereotypes entirely—69% of adults over 50 purchased tech products in 2023, despite an overall industry spending drop. Geographic and cultural factors add additional layers, with urban seniors displaying different media consumption patterns than rural counterparts.

Motivational drivers that influence purchase decisions

Value sensitivity remains paramount, though not in the stereotypical “penny-pinching” sense. Seniors prioritize quality, durability, and comprehensive service over initial price points. They seek products that preserve independence, facilitate social connections, and align with established routines. Trust signals—professional endorsements, transparent policies, and peer testimonials—carry exceptional weight in decision-making processes.

Personal connection drives loyalty, with 78% of seniors favoring brands offering human interaction through dedicated phone support or community events. Convenience features like voice-command compatibility, large-button interfaces, and flexible return policies significantly influence purchasing decisions. Smart brands recognize these preferences stem from wisdom, not limitation.

Crafting Messages That Resonate: Clarity Meets Emotional Connection

Senior audiences reject marketing jargon, complex syntax, and information overload. Readability analysis shows 14% higher engagement for content written at sixth-grade reading levels—not because seniors lack intelligence, but because clear communication respects their time. Visual clarity proves equally vital: minimum 12-point fonts, high-contrast color schemes, and linear layouts prevent cognitive fatigue while demonstrating respect for varying vision capabilities.

Successful campaigns balance functional information with emotional resonance. CVS Pharmacy exemplifies this through prescription brochures using straightforward paragraphs, icon-enhanced instructions, and duotone imagery—resulting in 41% fewer customer service inquiries. Their approach treats clarity as a courtesy, not a concession.

Leveraging nostalgia without stereotyping

Nostalgic elements should reflect authentic cultural touchpoints without resorting to clichés. Boomers respond to 1960s-70s music and fashion references when integrated naturally, while forced “groovy” language alienates. Emotional connection thrives through problem-solution narratives that position products as independence-preserving tools rather than “senior aids.”

Video testimonials featuring peers discussing real challenges—arthritis affecting cooking, technology enabling grandparent connections—outperform celebrity endorsements. Philips’ jar opener campaign succeeded by showing customers preparing family meals while sharing memories, converting 29% more effectively than feature-focused advertisements.

Personalization Strategies That Build Trust, Not Barriers

Data-driven personalization succeeds only when balanced with transparent privacy practices. Seniors appreciate relevant recommendations based on stated preferences and purchase history but resist invasive tracking or health-condition assumptions. Ethical personalization focuses on explicit choices—communication preferences, hobby interests, shopping schedules—rather than algorithmic guesses.

Edward Jones demonstrates excellence through “Life Stage Planning” workshops where attendees receive personalized scenarios based on publicly available data, followed by mailed workbooks rather than automated emails. This approach earned 91% approval ratings for “non-intrusive relevance” while building lasting advisor relationships.

Case study: Targeted engagement drives results

A national retailer partnered with AARP to segment email lists by stated interests rather than age alone. Garden enthusiasts received seasonal planting guides with product recommendations, while travel-focused members got destination features with packing essentials. By respecting preferences and providing value beyond sales pitches, open rates increased 47% and conversion improved 35% within six months.

The key differentiator? Every communication included clear unsubscribe options and preference centers, building trust through transparency. Follow-up surveys showed 82% felt “respected and understood” versus 31% for generic age-targeted campaigns.

Omnichannel Integration: Meeting Seniors Where They Are

Senior internet usage surged from 73% in 2019 to 88% in 2023, demolishing outdated assumptions about digital avoidance. However, channel preferences vary dramatically within this demographic. Research pathways typically begin with Google searches (63% of seniors), followed by validation through physical channels—48% request mailed specifications before online purchases, while 41% visit stores after digital browsing.

Best Buy’s market expansion illustrates masterful omnichannel execution. Their $800 million acquisition of GreatCall integrated emergency monitoring devices with retail locations, creating seamless experiences across touchpoints. In-store tech consultations link to online tutorials, QR-coded print advertisements connect to simplified product pages, and post-visit emails provide purchase summaries with dedicated support numbers. This integration increased senior market share by 28% within two years.

Channel-specific optimizations

Email campaigns require mobile-responsive templates with 14-pixel minimum fonts, descriptive link text replacing generic “click here” commands, and plain-text alternatives for accessibility. Subject lines should clearly state content purpose—”Your October Prescription Savings Inside” outperforms “Special Offers!”

Social media strategies must acknowledge platform preferences. Facebook remains dominant among online seniors (72% usage), with carousel posts explaining product features receiving triple the engagement of quick-cut video reels. Direct mail continues delivering results when designed thoughtfully—large print, tactile elements like raised ink or fabric samples, and clear response mechanisms including prepaid return envelopes and dedicated phone lines.

Building Lasting Trust Through Transparency and Community

Trust-building transcends individual transactions, requiring consistent demonstration of reliability and respect. Third-party validation proves critical, with AARP endorsements increasing purchase intent by 62%. However, authentic peer testimonials and community involvement create deeper connections than institutional approval alone.

Financial services firm Thrivent built 28% market share among seniors through “financial mentoring” programs pairing new clients with age-peer advisors for non-sales conversations. These relationship-focused interactions, combined with educational workshops and social events, proved that community-building outweighs promotional messaging for long-term success.

Creating value beyond products

Exclusive offers matter less than valuable content addressing real concerns. Educational resources—Medicare navigation guides, technology tutorials, health management tools—position brands as trusted advisors rather than vendors. Liberty Mutual’s “MasterThis” content platform, developed with HowStuffWorks, provides practical life skills content that increased engagement metrics while building brand affinity through service.

Transparency in all communications builds credibility. Clear pricing without hidden fees, straightforward return policies, and accessible customer service demonstrate respect. “Trust pages” featuring staff credentials, Better Business Bureau accreditation, and genuine client stories outperform celebrity ambassadors in building confidence.

Measuring Success: Metrics That Matter for Senior Marketing

Traditional metrics require adjustment when evaluating senior-focused campaigns. Response rates typically exceed younger demographics when properly targeted—direct mail averages 5-7% versus 2-3% for general populations. However, conversion timelines extend as seniors research thoroughly before purchasing.

Key performance indicators should include customer lifetime value, word-of-mouth referrals, and multi-touch attribution across channels. Phone call tracking proves essential since many seniors prefer verbal communication for final purchase decisions. Retention rates and repeat purchase frequency indicate trust levels more accurately than initial conversion metrics.

Continuous improvement through feedback

Regular feedback collection through accessible methods—phone surveys, in-person focus groups, simplified online forms—provides invaluable insights. Questions should focus on communication preferences, accessibility challenges, and unmet needs rather than product satisfaction alone.

A/B testing requires larger sample sizes and longer testing periods to achieve statistical significance with senior audiences. Patience pays dividends—rushed optimization based on incomplete data often reduces effectiveness. Successful brands commit to iterative improvement based on comprehensive feedback rather than quick wins.

Conclusion

These six strategies—audience segmentation beyond stereotypes, clear and emotionally resonant messaging, ethical personalization, seamless omnichannel integration, trust-building through transparency, and thoughtful success measurement—transform senior marketing from afterthought to growth driver. At Complete Controller, we’ve guided countless businesses through this transformation, watching them discover the loyalty and advocacy this demographic offers when approached with genuine respect.

The businesses thriving in senior markets share common traits: they listen more than they speak, they prioritize service over sales, and they recognize that accessibility improvements benefit everyone. Your next step? Audit current marketing materials through a senior-friendly lens, then implement one strategy at a time, measuring results patiently.

Ready to optimize your business strategies for all demographics? Visit Complete Controller for expert guidance on financial operations and marketing approaches that drive sustainable growth across every customer segment.

Frequently Asked Questions About Marketing to Seniors

What are the best channels for marketing to seniors?

The most effective approach combines digital and traditional channels based on your specific audience. Email marketing delivers strong results with 88% of seniors online, while direct mail maintains relevance for important communications. Facebook dominates social media usage among seniors, though traditional channels like print publications and radio remain valuable for reaching less digitally-active segments.

How do you approach seniors in marketing without being condescending?

Focus on benefits and value rather than age-related limitations. Use inclusive imagery showing active, engaged older adults in realistic scenarios. Write clearly without dumbing down content—complexity frustrates everyone, not just seniors. Most importantly, test messaging with actual senior consumers and incorporate their feedback.

What do seniors value most when making purchasing decisions?

Quality and durability top the list, followed by comprehensive customer service and transparent pricing. Seniors prioritize products that maintain independence, facilitate social connections, and offer genuine value. Trust indicators like warranties, testimonials from peers, and company reputation significantly influence decisions.

How is marketing to seniors different from other demographics?

Senior marketing requires longer consideration periods, multiple touchpoints across channels, and emphasis on trust-building over impulse triggers. Communication must prioritize clarity and accessibility while offering multiple response options. The demographic’s heterogeneity demands careful segmentation beyond age alone.

What are common mistakes to avoid when marketing to seniors?

Using outdated stereotypes or patronizing language ranks as the top mistake. Other pitfalls include assuming low tech literacy, ignoring accessibility needs, rushing the sales process, and failing to provide human contact options. Overlooking the influence seniors have on family purchasing decisions also limits campaign effectiveness.

Sources

• AccurateAppend. “Marketing to Seniors: Essential Strategies.” www.accurateappend.com/marketing-seniors
• AARP. (2024). “Global Longevity Economy Outlook.” www.socapglobal.com/2024/04/unlocking-the-economic-power-of-the-50-plus-population
• AdaptWorldwide. “Senior Marketing Best Practices.” www.adaptworldwide.com/senior-marketing
• Best Buy News. (2019). “Best Buy Targets Tech-Savvy Senior Market.” U.S. Chamber of Commerce. www.uschamber.com/co/good-company/the-leap/best-buy-targets-senior-market
• CDMG. “Marketing to Senior Demographics.” www.cdmginc.com/senior-marketing
• Centers for Medicare & Medicaid Services. (2024). “NHE Fact Sheet.” www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/nhe-fact-sheet
• GiantPartners. “Senior Marketing Strategies Guide.” www.giantpartners.com/senior-marketing
• LeadingResponse. “Effective Senior Marketing Approaches.” www.leadingresponse.com/senior-marketing
• Marketing Charts. (2024). “Internet Use Climbs Among Older Adults.” Pew Research Center. www.marketingcharts.com/digital-232245
• MNI. “Marketing to Senior Demographics.” www.mni.com/senior-marketing
• NumberAnalytics. “Senior Marketing Analytics.” www.numberanalytics.com/senior-marketing
• Pew Research Center. (2023). “Older Adults Technology Usage Report.” www.pewresearch.org/internet/older-adults-tech-usage-2023
• SFGate. “Senior Marketing Channels Guide.” www.sfgate.com/marketing/senior-channels
• Semrush. “Senior Marketing Guide.” www.semrush.com/senior-marketing
• TocoMarketing. “Content Creation for Senior Audiences.” www.tocomarketing.com/senior-content
• WaypointConverts. “Senior Living Marketing Strategies.” www.waypointconverts.com/senior-marketing

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Just like any other business or organization, the banking industry faces its’ own sets of problems in our rapidly advancing world. While most banks are integrating innovation into their operations, there are still many challenges to overcome. The future of the industry will be one that incorporates various new strategies and techniques to achieve goals on a larger scale. More importantly, clients will be placed at the forefront of this development. 

Today, banking clients demand more, quicker, and better outcomes. Banks that are unable to meet these expectations will be unable to maintain a strong presence. Today’s consumers do not have very much patience regarding their banking needs and wants being met.

Banks are confronted with many challenges. Below are some of the most relevant challenges banks face today:

1. Non-profiting

Regardless of the many features contributing to bank productivity, some banks and financial institutions are still not making the sufficient profits or the return on equity that investors require. This would clearly be a big problem.

2. Customer anticipations

One main concern for any bank is looking after their clients. Additionally, all banks wish to stay significant even as new opponents start to rise. The most ideal way to conquer this challenge is to offer clients the most advanced services and features. Of course, the welfare of clients should be the main priority of any organization. Banks should be sure to provide clients with excellent customer service while integrating the latest technological advancements.

3. Making loyal customers

 In order to ensure that banks can cultivate happy and loyal customers, they must offer prosperous banking, premium service, and customized, professional advice. Converting clients from critics to supporters is worth up to five times the financial value of converting mass-market clients into promoters. The best way to retain clients is to offer fantastic customer service to new and old customers alike. 

4. Increasing products per household

Financial institutions, like banks, typically have some difficulty with successfully cross-selling their services. Banks and other monetary organizations must create a new perspective for their clients, one that promotes simple accounts developing towards investments, loans, and business banking. In order to accomplish this, banks and financial institutions must cross-sell their services while simultaneously solving their client’s problems, as well. This makes it essential that employees value and prioritize the welfare of their clients instead of only adhering to requests and demands.

5. Financial technology organizations

Today, the field of FinTech, or financial technology, is full of new businesses that utilize software programming to provide monetary services. The rise of FinTech organizations is disturbing the conventional banking method. This creates difficulties for conventional who may find it difficult to keep up with the rapid progressions of the technological world, as well as the evolution of business culture, operations, and other business aspects that are integrating innovation.

6. Supporting small business

For private companies and small businesses, the relationship with banks begins with establishing working accounts and building credit points over time. However, the services that banks and other financial institutions offer to these businesses may fall short of meeting their financial needs. To ensure that clients are given the best services, banks must up their game. It is crucial that they demonstrate that owners and employees of small businesses are their priority and that they will work tirelessly to meet their needs.

7. Conflicting analysis

Banks, or any other credit association, typically have numerous analysts or moneylenders that are assessing credits. Sometimes, new employees are made responsible for the management of risk. This situation opens the door for irregularities in procedures. It is crucial that these institutions utilize reliable and uniform approaches that prevent inconsistent outcomes.  

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

If your nine-to-five job finds you unmotivated and not enjoying what you do, and you are highly creative, there is nothing to feel guilty about. The truth is that a monotonous routine can make anyone bored. You could even need to have some motivation to get you out of bed every day. However, it is possible to do something that leaves you feeling satisfied at the end of every day.

Entrepreneurial ventures may be the answer to your problem of career boredom. These ventures are generally gravitating and engaging, and you stay consistently creative while you are working on your project. It is important to note that when you are starting on an entrepreneurial project, you are embarking on an adventure that can include quite a bumpy road. However, the more you delve into the nitty-gritty, the more you realize how incredible the process is.

Sets Fire to Your Passion

We all have things that interest us. When these interests become dreams or even longings, we are beginning to set a new roadmap for ourselves. Entrepreneurial ventures are a great way to keep our passions burning. They are more like the road that carves its path for our dreams to walk through. If you feel your job does not cater to you, you might opt for an entrepreneurial venture.

Keeps You Learning

Starting an entrepreneurial venture and not learning new things would be difficult. Because you are the primary business owner, you are responsible for managing the facets of your project, including marketing, finance, operations, and more. An entrepreneurial venture involves all these departments and requires your efforts and attention. As the owner and the brains behind the idea, you are the one to oversee each one of these departments. Understanding and managing the different aspects of your venture will help you hone your craft. It will ensure you learn and improve your skills while keeping you engaged.

You Strive for Your Growth

Now that you are starting your first venture, you have a mindset that sets you apart from every other person. There is no wonder that you are striving for growth every step of the way. You are genuinely motivated, and everything about your venture sparks creativity within you. Continue to push yourself outside of your comfort zone and grow. That is precisely the reason your previous career did not satisfy you!

You Adapt to Innovations Better

Every day, an innovation is introduced, and you can recognize how these developments can impact our lives. As an entrepreneur, you also see the need to adapt to these innovations and use them to your benefit. If you embrace new technology or methods, you will likely find yourself proficient before others even realize the creation exists.

Larger Than Life ROI

Who does not want to earn substantial returns? We have all been striving for growth, and a stagnant life no longer appeals to us. What can motivate us better than gaining significant returns on even the most minor investment?

Entrepreneurial ventures, if done correctly, can help you with any financial issues. However, it would be best if you had clear business and financial strategies and meticulously crafted campaigns to reach a wide audience. There is little room for error because cut-throat competition will risk your potential growth in the long run.

In short, your efforts may reap your robust rewards, and you might achieve financial stability in unlikely ways.

Bottom Line

Embarking on an entrepreneurial venture will likely be no easy walk in the park. However, it will keep you on your toes for all the right reasons.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Starting a business is energizing. However, numerous ventures require time, funds, and risk. In opposition to mainstream thinking, there are multiple approaches to begin a business that let you focus less on the process and upfront funding and more on the initial steps. These low-speculation independent ventures are a good option for novices or anybody with a bustling timetable because they let you start a side business without dropping everything else.

First, you need to develop a strong business idea, manufacture a brand, invest energy into showcasing your product, and give incredible client support. However, there are ways you can sidestep numerous customary startup costs like introductory stock, warehousing, and retail space.

For example, Dropshipping is a simple business to begin and the first of our great business ideas. This is a method where an outside provider stores and ships stock to clients for you. It is probably the easiest way to begin your business since there is low overhead,  you are hands-off, and it is versatile. You do not have to deal with any items yourself; you just need to make deals and request your provider. It is one of the least expensive organizations to help you get ready for business.

You can obtain items from at least one provider and put them into your own online store under a subject that centers around a specialty. When a client purchases an item from you, the request is sent to your provider, who fulfills the order for you.   However, you are responsible for promoting your products and any customer service.

In its article Tips to Undertake, Forbes Magazine demystifies the belief that to develop a business, you need significant capital or investment. They state that the most important thing is to have a good action plan and a lot of creativity to develop it.

A successful entrepreneur is highly motivated to realize what is proposed and persevere until his ideas come true. It is best if you are always open to learning to overcome different obstacles in developing your goal, including having little capital.

This was the case for Merqueo.com. The founder of the Colombian grocery delivery service said, “I started by identifying a need: homes seemed to be the solution to the long lines in the supermarket, but they are a nightmare because we have to wait about five hours to have what we want at home.”

Suppose you, a friend or acquaintance, have little capital but want to start a business. In that case, they could do so by taking into account the following options that allow you to lower the operating costs of your new venture:

• Start your home business: before leasing an office for your own business, you could develop it from home. Your home may not be on a commercial site or close to your target audience, but with a quality product and excellent customer service, voice to voice will often be your best advertising.
• Rent instead of buying: it is not necessary that you have your own goods or machinery when you start your business. Today you can rent or rent a lot of resources for a business. For example, you could rent the machinery and equipment necessary for your factory, tables and chairs for a restaurant, and even your office computer.
• Publish yourself online: digital communication channels such as social networks, blogs, and websites are free or low-cost promotional tools that offer a wide range of audiences. You can create a web page to show your company’s services or products and use social networks like Facebook or Instagram to present yourself directly to your potential customers.
• Search for financing: there are currently various financing sources, including government funds, bank loans, or crowdfunding collective financing, to support the development of business ideas. You can apply for calls to support entrepreneurship or start a crowdfunding campaign to raise the initial capital and launch your project.

In conclusion, having little money does not prevent you from creating your own company. Although money is necessary, there are alternatives to start your business.

When undertaking a business venture, it is fundamental to be willing to take risks, work hard, and persevere. As advised by Nolan Bushnell, founder of the video game company Atari and pioneer in his industry: “the most important ingredient is to get up and do something. It’s that simple. Many people have ideas, but only some decide to do something today. No tomorrow. Not next week but today. ”

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Which marketing technique will allow me to reach the largest audience and not exceed my budget? This is the type of question that most marketers pose each day. Digital Marketing vs. Traditional Marketing is still relevant among many marketing departments when discussing their advertising method. Undeniably, Digital Marketing is gaining traction in terms of its significance.

Traditional marketing includes notices, business cards, handouts, announcements, business promotion on radio and TV, print advertisements in magazines and newspapers to publicize services or products.

Online marketing is similar to Traditional Marketing, as both Traditional and Digital Marketing are used to construct a brand and to draw clients.

Cost

There are some variations in the costs between Digital Marketing and traditional marketing. As businesses advertise on radio and TV or print ads on local magazines or daily newspapers, traditional ads can have a significant cost. In contrast, the ads online and on social media are generally inexpensive. Additionally, traditional marketing spends a sizable amount of money to keep the ad running. Digital marketing costs can add up, but many digital techniques are free.

Ongoing result

In traditional marketing, we often need to wait for the advertisements to reach the target audience before we start to see any results in the business. On the other hand, once you start using online marketing, there is data that can be seen in real-time showing increased activity and traffic.

The results of traditional marketing techniques cannot be easily measured. While in online marketing, you can see a return on your investment by properly utilizing the Google analytics tool.

The traditional market usually includes print media such as magazines and newspaper ads, brochures and newsletters, and other methods including:

1. Direct mail
2. Telemarketing
3. Broadcast media
4. Long-standing projects that the public already recognizes

Online marketing includes marketing efforts made on electronic devices like:

1. Social networking sites
2. Websites
3. Banner ads
4. Content marketing
5. Google ads
6. Online video marketing

Easy analytics

Online marketing calculates your marketing reach, and results can be sharp and simple. We can quickly see which method is or is not performing through Google analytics. These analytics can help compare incoming traffic, basic tends, interest visitors, bounce rate, transformation rate, and benefit.

Which one is better?

Which strategy wins while comparing the two marketing methods? The short answer is: It depends.

However, the long answer would be that Digital marketing is perhaps the best option available for you. If you wish to keep costs low and reach out to a particular demographic without being held to a geographic location, then you should utilize digital marketing. This way, you can instantly collect valuable data on your audience to generate more effective marketing campaigns.

That does not mean that traditional marketing does not have its benefits. If you aim a marketing campaign at individuals who do not typically use the internet or a local audience, traditional marketing is the best method to reach them. These methods may seem outdated, but there is a reason they are still being used; they work!

When considering which method is the most effective for your business, it all depends on the type of audience you are targeting. One approach is not necessarily better than the other since they serve different purposes. In the end, all you need to do is understand your business’s nature and the audience you want to reach to pick the best strategy for you.

Wrapping up

While traditional marketing has its own place in the market, we all know digital marketing is the future. Our younger generations do not know about life without smartphones and other gadgets. These days, every company or brand needs a digital marketing strategy to reach out to people around the world and get in the game!

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

It is the end of twenty-twenty, and our world was turned upside down. Coronavirus appeared, and every area of the globe found itself virtually immobilized. The world as we knew it has completely transformed, and you may even have found your regular operations starting to weaken. Production of countless departments has suffered tremendous consequences. However, with their steps in the right direction and their recovery strategies enacted, brands enjoy positive returns. They are celebrating growth, proving that even our darkest days end.

Historians might record this period as one of the most destructive years in history. We might recall these days as confusing, terrifying, and perturbing; however, had it not been for the unique technology that has taken us all by surprise, our world would look even more different than it does. Technology that has proven its necessity shows the importance of establishing your brand’s digital presence.

You get to Adapt to the Latest Developments

The latest technical developments may help your brand achieve positive returns. An adaptive approach may keep all your business’s functions going or even help you simplify current techniques. Whether it is regular operations, logistics, marketing campaigns, or financial operations, you may experience increased productivity or profits by adapting to new developments.

Better Marketing Campaigns

Your marketing campaigns may positively impact your target audience with your digital presence. However, for this, your campaigns must be no less than perfect. Ensure they are captivating and speak to your intended customers. From your website’s content to your slogan, ensure you are using catchy taglines and incredibly curated sentences. If anything, use social media as the primary platform to reach your people, and the chances are you will find most of your audience roaming there. 

Helps You Cater to Your Target Audience

Your target audience likely spends most of its time on the internet. They are waiting for your campaigns to be launched, and you may easily cater to their wants and needs. The idea is, with digitalization, everything has become a click away.   Customers can also provide honest feedback, which helps you take the right steps to refine your business. If you strive to improve your product or customer experience, you can increase the efficacy of your brand.

Better Customer Reach

Now that people are spending an increased amount of time on the internet, your digital presence may help you reach your audience better, and they may gravitate towards your brand more and more. Your products must appeal to your audience, and if they do, customers place their trust in you, likely because of your digital presence. Many surveys suggest customers are likely to trust a brand that has a stable digital presence. So, if you are still reluctant, make sure to put effort into your digital marketing campaigns. Chances are, you will get to reap significant results.

Robust Returns

Taking a digital route may generate substantial returns. However, for your venture to work for you, you need to make sure you adapt to the right techniques and that all your strategies are in line.

Bottom Line

Taking a digital route is no walk in the park. It demands substantial investments, and your strategies should be no less than perfect if you wish for the outcomes to work in your favor. This can include a strong digital presence and increased investment in digital marketing. While this might require substantial investments, you may achieve more significant results if done right. The next time someone asks you to take a digital route for your entrepreneurial venture, strongly consider the benefits mentioned above!

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.