Author: Complete Controller

The key to a company’s financial success is to carry out a good financial strategy. Conducting strategic analysis, deciding the time frame, and investing part of the benefits are steps to follow.

To succeed in business, it is not enough to offer a good product or service. All companies must have a powerful financial strategy that supports all the decisions that have to be made related to finances. With this in mind, planning is as important as implementation. Here are some key financial strategies that will ensure your company is a success no matter the size of the products or services it offers.

Analyze the financial strategy

To plan a good financial strategy, you must first carry out a strategic analysis.

This step is very important because there is no single financial plan. Apart from being detailed and organized, planning must be done in a personalized way to meet the needs and objectives of each particular company.

That is why you have to consider a series of variables, starting with being clear about your company’s risk profile. It is also important to analyze the following key aspects:

• The current limitations and resources of the company.
• Working capital: liquidity and solvency.
• Cash flow forecasts.
• The profitability of investments.
• The level of indebtedness.
• Funding sources.
• The risk of the credits granted to the clients.
• The objectives to be achieved. When preparing the list, these objectives must be achievable and measurable.
• The time frame in which this strategy will be framed (the short term must be avoided). This last point is important since financial strategies differ depending on the term.

All this information is easier to obtain when the data is up to date and the management, both financial and documentary, is digitized. The data is categorized so that, in a matter of seconds and at any time, you can control that the different departments comply with the assigned budget or study all reported expenses and payment methods, among other advantages.

Design financial strategies based on the term

As we said, the time frame is one of the keys to success. If your company is going to opt for long-term financial strategies (the most recommended), you must take into account three aspects:

The investment: It must be aimed at increasing the value of the company. Strategies can be offensive, defensive, redirecting, and survival. Depending on the one your company has raised, investment decisions will be oriented either to growth or to divestment. In the first case, you can choose between two types of growth:

Internal growth: It may be, for example, expanding the business because demand has increased and supply is no longer sufficient to cover it.

External growth: One strategy would be to eliminate your competitors, for example, through mergers.

When it comes to divestment, this strategy applies when the company is only focused on getting ahead. You may choose to keep the assets or sell a portion, so you don’t have to close.

The financing structure. The strategy adopted to choose the appropriate source of financing must correspond to the risk that the company is willing to assume.

The retention or distribution of profits. In this case, the strategy will depend on variables such as the possibility of contracting long-term loans or obtaining more profitability for the available assets.

What can be done in the short term?

For their part, financial strategies for the short term should focus on the following aspects:

• The working capital. Finding the right risk-return ratio is important. One of the three basic strategies must be followed: aggressive (high risk), conservative (low risk), and intermediate (seeks a balance between liquidity and profitability of liabilities).
• The current liabilities. We are talking about the current financing of a company. The strategy ranges from taking advantage of discounts for prompt payment to a financial institution to apply for a loan.
• Efficiently manage cash on hand. It is necessary to carry out three fundamental actions to increase the liquidity of the company. You must reduce inventory, try to collect as soon as possible and delay payments as long as that does not mean paying commissions or giving up discounts for prompt payment.

Follow all the steps to implement the financial strategy in large companies

Once the planning phase has been passed, it is time to fully enter into the implementation of the financial strategy. But you have to do it carefully, taking all the recommended steps. When the strategy is carried out progressively, better results are obtained.

You cannot forget to hold regular meetings with your company’s accounting and finance managers to make sure that everything is going according to plan. Communication is essential, almost as much as monitoring for progress.

Review the financial strategy

You need to make revisions frequently in case you need to make adjustments. Only then can it adapt to the needs of the company in real-time.

How often do you have to carry out these reviews? At least once a quarter. And, of course, when there are changes in the objectives set in the planning phase or there are important changes in the company.

Make profitable business profits

The last point has to do with the profitability of profits. You can always set aside a part that you will not need in the short term and invest it. Swing trading (ideal for more conservative), derivatives, or investment value (the strategy did succeed Warren Buffet) are some options. But in this case, better to go to the experts.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

When researching how to invest your money, you can also look into how you can help answer your questions about investing. This research can be done through hiring a professional broker or financial advisor, or it can be as simple as doing your research online or through books on the subject. No matter how you go about it, you must find a way to invest some of your money for your future.

Once you have invested in knowledge and educated yourself on investing, you have to make a strategy. Again, this can be done through a professional or on your own, depending on what you can afford and your confidence level.

Though you may want to hire a professional financial planner or investment broker, it is important that you, as the investor, have some knowledge of investment strategies and financial planning. Here are three essential strategies that can get you started investing your money wisely.

An Emergency Fund

Though an emergency fund is not an investment that will grow your future, it is essential financial insurance that every person needs to have in place. Having a healthy emergency fund will ensure that if anything goes wrong in life or investment goes south, you are covered to pay bills and stay afloat financially until you recover.

Allocation

Pay off high-interest debts. Do not ignore this advice, please. If you have credit card debts or consumer loans with more than 6% interest, you should not invest in anything. The first thing you should do is remove those debts; if you pay a debt of 6%, it is as if you had a return of 6% on your investment. It is the most profitable, safest, and most useful investment.

And if it is a credit card debt that can reach up to 21% interest, you will have made the best investment you could make with the payment of that debt.

Where to invest your money

1. Fixed income products

For those investors who do not want to take too much risk, the truth is that the outlook is very unprofitable at the moment. Here the options we would have are:

2. Fixed-term deposits

Although in his days we could find fixed-term deposits that could pay us up to 4% annual return, at this time, we would find that the returns are not exceeding in some countries such as Spain or 1%, so investing in deposits can make you lose purchasing power due to inflation.

3. Public debt

Treasury bills and bonds are still a good investment option. At least it is the safest thing there is. In some cases, it is convenient to leave your border to invest in public debt from other countries looking for a higher profitability rate.

4. Savings accounts

Although it happens the same as with fixed-term deposits – that profitability has dropped a lot – the truth is that there are still some savings accounts that, at least for some time, can offer us a decent return. When is a good option to open a savings account?

Above all, when we start to save, we can automate savings more than anything if we see that we lack the willpower to save.

5. Where not to invest

Before moving on to fewer conservative investments, I take the opportunity to remember that the shortcuts when it comes to making money can be costly. Flee the quick formulas to earn money in the stock market, as is trading. Here I explained certain truths about trading. Please do not fall into the trap of getting rich with binary investments, and I go further: distrust any investment product that carries the word Fund, Guaranteed, etc.

Conclusion

Investing may seem daunting to most people at first, but if you do a little bit of your research, you will know that you can make a road to a healthy and robust financial future.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Recent reports by Sageworks, a financial information company, revealed the most and least profitable industries over the studies of previous years. According to their research, service-based businesses have low start-up costs, although they require specialized training and function services that fare well in today’s market. This includes law offices, real estate brokerages, and accounting/bookkeeping firms.

On the other side of the spectrum, businesses and retailers related to the food industry struggle in sales, with farming and grocery stores seeing close to no growth at all.

Bierman, a business analyst, said, “Because of their volume-based business model and competitive markets, margins tend to be smaller. Grocery stores and manufacturing companies are good examples. Oftentimes their goods may be considered commodities, and to charge extra for a loaf bread may drive consumers to a different store over time.”

If you are starting a business or planning to do so, here are some of the most and least profitable businesses in recent years.

Most Profitable Businesses

Tax Preparation, Accounting, Payroll Services, and Bookkeeping

Not sure which business to start? Well, if you are good with numbers, an accounting firm will be the ideal option to invest in. Over the previous years, tax preparations, bookkeeping, payroll services, and accounting have seen a remarkable increase of 17.84% in sales growth.

They are likely to gain profits because their start-up costs are low, and all you must pay for is your employees, technology, and training. Alongside, it is a service-based business; therefore, no amount of money has to be spent on inventory. All one must focus on is obtaining effective employees and build a reputable name for their business.

Legal Services

Like accounting, legal firms are a service-based industry that has seen positive growth in sales of around 16.89% over the past years. They have small start-up costs that mostly include employees holding law degrees. Although investment is required in special employee training and education, legal firms can generate a good amount of money.

Management of Enterprises and Companies

A 16.75% growth was noticed in this business realm. Therefore, it is a wise decision to invest in this industry. Typically, these businesses consist of privately owned banks of holding companies that are supposed to advise and further assist other companies in making essential and important management, operational, and financial decisions. Although the offices are niche and mostly offer specialized services with skilled employees, this kind of company often brings in a considerable amount of profit.

Offices of Brokers and Real Estate Agents

The real estate industry has seen an increase of 16.6% over the past few years. Although the industry fluctuates, which can be hugely affected by changes in the market, it is wise to invest in this business when an increase in positive trends is noticed because real estate agents make good amounts of money when the business start-up is up and roaring.

Least Profitable Businesses

Gas and Oil Extraction

Gas prices were lower in 2017, like in past years. Firms that are operating in the gas and oil industry have been noticing a drop in sales of around 4.24%. With major fluctuations in the market, competitors, and incredible barriers to entry, this may not be the best business to invest in.

Beverage Manufacturing

According to research, this is not the first time that beverage manufacturing has been on the list of the least profitable businesses to start. Although it covers both alcoholic and non-alcoholic drinks, the latest technology trends have introduced soda fountains and other types of drink dispensaries. Alongside, people are becoming more health-conscious, due to which beverage manufacturing is declining. Over the past year, more than a 1.49% drop in sales growth was noticed.

Bakeries

Whether it is due to major competition or high costs of start-ups involving kitchen supplies, equipment, and overhead bakeries that are commercial, bakeries have been on the decline for a while now. According to research, a 0.81% drop in sales growth was noticed.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Since Satoshi Nakamoto created bitcoin, more than 1500 new virtual currencies have appeared. Some of them are based on those that exist today; others are based on newly created databases. We will discuss the top of the public blockchain participants in 2018, who continue to develop their ecosystem and have become the basis for new projects in the cryptocurrency industry. Also, we will designate the difference between public blockchains and privately distributed registers.

Public vs. private

The fact is that apart from cryptocurrencies, the distributed registers are used by private companies, for example, the processing of the documentary workflow. In such cases, it is not reasonable to use a public blockchain because transaction processing takes time and computing power.

This problem can be solved using the public blockchain. Often, these systems are available exclusively for national professionals and are used on an already existing basis of the distributed public registry. Similarly, in the case of the private blockchain, all participants know each other. To better know the difference between the private blockchain, click on the link. (To find out more about the difference between public and private blockchain, read the link).

Public blockchain: main actors and their role in the cryptocurrency industry

Before developing the private blockchain, you must familiarize yourself with the technical characteristics of the public distributed registers on which they are based. We have prepared for you a selection of top participants in Public blockchain.

The best players in the cryptocurrency market

The best-known blockchain is that of bitcoin. But, as the “informational gold,” the first cryptocurrency does not manage the function of the reciprocal regulations, which means that the speed of transactions is rather weak. In this regard, participants’ views on the blockchain network are mixed. Some of the nodes decided to increase the flow of the distributed register and, by Hard Fork, create a new cryptocurrency – Bitcoin Cash.

But this is not the first division of the bitcoin blockchain. Nearly six new types have appeared, but they have not yet had much success among miners and bearers. Bitcoin is still the most valuable from digital assets, although the technical features do not allow them to be widely used in other infrastructure projects.

Public blockchain: main actors and their role in the cryptocurrency industry

Another important player of the distributed registers is Ethereum. It is by this ecosystem that many blockchain startups and new crypto-currencies are created. Thanks to its technical characteristics, the Ethereum protocols allow you to create different intelligent contracts and solve problems of any kind.

Ethereum was distinguished by United States’ Information Industry Development Center, which calculates the public blockchain index each month. The analysis is based on the project’s technological capabilities, utility, and innovation. According to center estimates in May, Ethereum took the top spot and bitcoin – the 13th. The second place is Blockchain Steem; the third is Lisk; the fourth is NEO; the fifth is Komodo.

As a result, public blockchains can be used for savings (like bitcoin) and the creation of new crypto-projects (IOTA, ENS, and Ethereum). Depending on your task, you need to choose the distributed registry whose technical characteristics are more suitable for implementing your idea.

Rules and Regulations for Cryptocurrencies

No matter how famous cryptocurrency gets in the contemporary era, the regulatory points are problematic. However, with technology transcending boundaries on a daily basis, the national regulators are now limited. Moreover, with cryptocurrencies conceived to avoid governmental control specifically, it’s uncertain that regulation efforts will be successful.

Nonetheless, the blockchain currency is here, and it’s going to stay! It’s up to us on how we can capitalize on this. But the future of cryptocurrency lies in the hands-on how we can manage them. Moreover, the hype is real, and it’s not farfetched to believe that cryptocurrency could possibly become the only source of transaction in the future.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Face it, online shopping is convenient, so people prefer shopping online instead of going to an actual store. Also, the online market offers loads of discounts so that you can easily manage your expenses. Besides, who does not like to save a little extra every month for a rainy day? Shopping on a budget is not a chore; it is your responsibility so that you do not end up with no financial support when you need it the most.

When we talk about shopping on a budget, it means that we have decided on the amount of money we will spend when we are out shopping. In other words, you can say it is about sticking to your limits. When you overspend in one area, it means the money is now coming from another part of your budget, and that could be from your savings as well. So, it is important to consider any changes before you implement them carefully. Make good choices and think hard before you spend your hard-earned while staying within your limits.

Now that we have established that shopping online saves you enough money, what about its security and identity protection? Is online shopping safe? We lock our car doors and keep the windowpane up when you leave the car or as you wait in the car, but do you protect your data the same way?

Cybersecurity is a daunting topic for most people, and the thought of just figuring out how and where to start from can be stressful. Online shopping is safe, but only if done the right way. Getting a great deal online includes a lot more than just low prices. You must be sure your product arrives on time; items include a valid warranty, the quality should be what you expected, a way to ask questions, and a way to return the products if you are not satisfied. Here are six tips that can help you shop online safely.

Place Orders from Secure Connections

If your device is not protected from potentially malicious software, watch out because your passwords, financial information, and everything else you store are at risk of being stolen. This is such a basic concept, yet only a fraction of the US population protects their data adequately. Just remember to use a secure connection and ensure your computer’s firewall is turned on.

Know Your Merchant and Their Reputation

So, if you know even a little about the merchant already, then shopping on their online store makes things easier. You also have access to walk into their stores and inquire if you have any concerns. Plus, word of mouth works best here, so if you have had people around you who told you about their positive experiences.

Terms and Conditions

Always read the terms and conditions before signing up. If you are offered a gift card, be sure that the store is legitimate and no hoops one would have to go through. There are so many things that we miss out on by simply not reading the terms and conditions.

Make Unique Passwords

You are often asked to create an account and set a password for the site. You may have the option not to go with it, but that does not happen all the time. But when you do have to create an account, make a strong and unique passcode.

Use Payment Platforms or Credit Card

Please do not use your check or debit card to make online payments since they do not have security protections. Plus, credit card consumptions limit the liability to $60 unauthorized charges if your financial data is stolen and the cash in your bank account is untouched. Debit cards do not have this option available, and even when they do, you are out of funds in the meantime.

Overlook the Company’s Shipping Conditions

Some merchants charge you ridiculously expensive shipping fees that turn the entire shopping bargain into one expensive mistake. Check if they offer tracking and insurance. Understand the carriers they choose and be a little cautious and even ask questions if the item will not be shipped in less than ten days.

Conclusion

When you organize things in life, everything works out great, especially about organizing your expenses. Fix to your budget, and you will never find yourself spending more than you should. Understand that protection of your data is your responsibility. You may not always have to use your financial information for online shopping; it could be school fees, Netflix, or even online banking. Be smart about things online.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

“Cryptocurrency” is a term that has created significant buzz on the internet and within the financial world within the last decade. Bitcoin, one of the prominent cryptocurrencies, has generated tremendous profit for some early investors while others were hesitant to invest. Meanwhile, the sense of fame that Bitcoin earned has created a curiosity in investors to make it an asset. The question is, how?

Many investors are still trying to understand the way Bitcoin works. It can be difficult to determine which organization holds the cryptocurrency or where it is stored since there is no purchase receipt. Hence, it is important to first recognize that Bitcoin is not a commodity but a currency that is run on algorithms. Moreover, it cannot be simply obtained at a physical location like other transactions at a bank. Everything related to the purchase and safekeeping of cryptocurrency is done online and in multiple ways.

Crypto Wallets:

Before purchasing cryptocurrency, you need to know about its safekeeping. When you purchase it, where do you keep it? Bitcoin is not physically present; therefore, you cannot keep it in your pocket or a safe. It is present as it is backed by blockchain technology. Therefore, several companies offer crypto wallets, allowing you to keep your cryptocurrency safe in your account. This account contains wallet(s) which allow you to keep your crypto safe, and only you can access it. All you need to do is sign up for a website offering wallets, but make sure the website is reliable and safe. After signing up, you will receive a crypto receiving address depending on the cryptocurrency you are using. You may copy the address and provide it to others so they can send you cryptocurrency. To do this effectively, make sure that the address you are providing is a public key. Providing private keys can result in a loss.

Where to Buy It?

Once your crypto wallet is set up, now comes the time to buy Bitcoin or another cryptocurrency. So, you must be wondering where and how to buy it? First, you need to search for trusted suppliers of Bitcoin. Then you can log into their websites and provide the necessary details to purchase the cryptocurrency. If you are still not sure which are the trusted suppliers, below are a few commended providers:

1. Coinbase: Coinbase is the most famous place to buy bitcoin. If you are from America, Europe, or Singapore, this is the best supplier for you. Not only is Coinbase a good crypto exchanger, but it also provides its user a safe and secure wallet. You may connect your bank account or buy crypto through a debit card or SEPA (Single Euro Payments Area) transfer. With time, Coinbase is adding new currencies to facilitate its users worldwide.
2. Kraken: Like Coinbase, Kraken allows its users to purchase Bitcoin in Europe or United Kingdom the same day through SEPA transfer. It allows for a smooth transfer and record-keeping of the purchase. The user does not have to worry about the fluctuation in prices as they receive their crypto coins the same day.
3. Localbitcoins: Localbitcoins is of the most famous crypto-exchanging platforms because it gathers buyers and sellers in one place. It does not hold coins itself, but it allows users, who already have coins, to post their offers. Then, buyers make bids to purchase it. For safety and security, Localbitcoins restricts third-party payments in order to avoid probable frauds.
4. Spectrocoin: Famous for its inexpensive rates, Spectrocoin allows its users to buy Bitcoin through credit cards and allows its users to get a crypto debit card. A user can easily access and buy whenever they want after completing the Know Your Customer form.

There are several other places where a user may buy Bitcoin; however, these are the most famous platforms. Others include Coin Mama, cex.io, remittance, and crypto pay and are the most trusted and approved platforms.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Remote work has always been an option available in most organizations, but recently, every company has started offering work from home after the pandemic. However, significant change in work and productivity has been noticed.

People who work remotely are more likely to keep their jobs than the displaced workers in sectors most impacted by the novel corona virus-like hospitality, tourism, travel, and retail. According to the Future of Jobs Report, most employers are not quite certain how hybrid working and remote-working can pan out in the long term.

Covid-19’s impact on the world’s economies and livelihoods has vaulted from serious to catastrophic at the macro level. The USA’s exact development when claims from unemployment insurance increased over 6M inconsecutive weeks. In countries with large informal economies, the government decrees aggravate the crisis by dictating self-isolation, social distancing, and the nonessential businesses’ closure.

Productivity at Home

Most of the business leaders surveyed and expected a 78% negative impact in the current way of working and expected a 22% strong negative impact, with only 15% believing that it’ll have positive or no impact.

• Here are the three likely reasons for this skepticism identified in the report:
• Individuals with kids face additional pressures.
• The switch to remote working is happening during additional stress caused by risks linked with the Covid19 virus.
• The newly remote working companies are currently ensuring a communication flow and establishing a sense of community in the post-lockdown world.

Less Office Space

The need for large physical office spaces will soon come to an end. Waking up in the morning to go to work every day will become a thing of the past. And believe it or not, but companies are already taking steps in this direction. Another strategy may be to have specific days for in-person collaborations and meetings with other days allocated from remote work.

The offices might be reorganized and redesigned by getting rid of cubicles and creating more collaborative meeting spaces.

Cut Costs

A business would easily save $11,000 per person every year by providing the employees the ability to work remotely. The remote workers have reduced the amount of real estate you need, meaning that you are pouring majorly less money into buying or renting office space. A remote workforce can easily cut down on the costs of keeping an office functional like phones, computers, electricity, heating, and air condition.

Attract Top Talent

Remote work greatly expands the talent pool. Companies that refuse to support work from home are at risk of losing some of their best employees and turning away tomorrow’s top talent. The best part about remote work is that you are no longer dedicated to geographic locations; you can get anyone working anywhere by simply offering the work-from-home opportunity.

When you recruit from a larger pool, to have a better opportunity to increase diversity at the company. This gives you the option to hire from various regions of your country and worldwide – benefit yourself from different ideas and perspectives that people bring.

Supporting Mental Health

Remote workers face potential well-being and other mental health challenges because of extensive changes to working practices and new areas of exclusion like access to digital connectivity, additional care responsibilities, and living circumstances faced by parents and even those looking after the elderly relatives.

According to a Gallup poll, workers who spent 60-80% of their time away from the workplace had higher engagement rates. Without a doubt, multiple factors contribute to increasing productivity. The study also discovered that working at home is less distracting and easier to concentrate on work at home. Plus, employees work better at home, even if it means late at night or early in the morning. A happy employee, as a result, adds extra hours at work per week.

Conclusion

There is so much that can be gained by simply working at home, so why isn’t everyone doing it? Many people are a little scared to make that jump; the fear of the unknown is pretty common. But no one can deny the productive statistics. It is natural to face challenges, but you minimize the challenges and maximize the remote workforce’s benefits with certain strategies.

We still do not know how long the pandemic will last. While Germany and Europe have shown first signs of encouraging travel demand recovery, other geographies, including the United States, have not controlled the spread effectively. Despite the increase in the number of Covid-19 patients, there has been an increase in bookings and searches.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

When we prepare for a trip, we want everything to be perfect. For this, it is essential that when traveling, we purchase travel insurance that covers all the needs we may have. Travel insurance is not a requirement but is highly recommended to cover anything that can go wrong before or during your trip.

Travel insurance is that by which all contingencies that may arise on a trip are protected. Depending on the travel insurance that is contracted, this will have some coverage or others.

Before hiring any travel insurance, it is advisable to check if we have any coverage by home insurance or health insurance. On many occasions, home insurance includes the loss and theft of objects such as watches, cameras, video cameras, computers, laptops, etc. While health insurance usually includes emergency coverage outside the place of residence.

Although some home or health insurance offers coverage that can be useful when traveling, these types of insurance will not compensate for a flight delay, an overbooking situation, or lost luggage, etc. These being the most inconvenient among travelers. Therefore, it may be necessary to purchase travel insurance.

Should you get travel insurance?

To answer whether you should have it, you must first understand what is covered by the insurance. Travel insurance can have more or less coverage, with higher limits or less. Here are some issues covered by travel insurance.

• Repatriation and health transport: this coverage includes the steps and expenses of transferring deceased travelers to their country of origin, as well as several companions.
• Trip cancellation: travel insurance must include cancellation for peace of mind
• Trip interruption: this coverage means being able to recover the proportion proportional to the time not enjoyed
• Luggage protection: in addition to health coverage, it is also important to have clauses that protect our luggage from losses or delays
• Delays: we may have to take two types of transportation on our trip. If we have travel insurance that includes possible delays, they will pay us the extra expenses we have in the time we are waiting for
• Accidents: Another important coverage to consider is accident protection, which would cover compensation if the accident causes permanent damage.

Which policy should be best for travel insurance?

Having the best travel insurance policy depends on your needs and your situation.

• Your travel destination
• Source of traveling, such as flights, rental cars, etc. The changes in your coverage requirements.
• Activities that you are going to enjoy while traveling, such as skiing, ski diving, and other adventurous activities
• The duration and how long your trip is going to be?
• Number of passengers and who will travel with you such as your siblings, friends, couple, single, or family
• The value and the number of goods you will have
• The level of risk aversion

Essential considerations for an insurance coverage plan

If you are thinking of having an insurance coverage plan, you should consider the following points. The reason for learning such things is to have good insurance. It can only happen when you have it according to your needs.

• Extent and level of coverage

Make sure the policy covers the indemnity for medical services expenses incurred abroad. It would be best if you had reimbursement for medical treatment that you are going to continue in your country.

• Payout needs and duration

Find out that you will have to submit the incident’s recent report within a reasonable duration? Do you have to attach supporting documents to your claim report?

• Premium expenses

Make sure you pay for the right coverage. Don’t forget to upgrade or downgrade it as per your requirements. It should be something by which you feel more comfortable than other insurance premium expenses.

• Present upgrades

Evaluate the total expense of your insurance to your baggage. Also, consider the number of items you are going to add to your shopping list abroad. It includes paintings and furniture.

• Drugs and alcohol

If you are alcohol or drug-addicted, make sure the selected insurance policy must be null and void. It would be useful if something happens due to alcohol or drug influence or habit.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Online businesses can only be profitable if you have ideas that meet a need or a problem.  Of course, where there is an opportunity, there is also competition. Before you begin your venture, make sure you research all aspects of your industry, including financial analysis and competitive analysis.

1. Blogging

Blogs are at the top of the list because you can start blogging with minimal investment. If you are prepared to write quality articles, learn and implement Search Engine Optimization (SEO), and do content marketing, blogging will not cost you much.

I started Blogging with only 100 Dollars. I bought accommodation at $5 per month and with a free domain name. Then I installed a WordPress content management system, chose a free theme in the WordPress repository, installed some free plugins, and started writing articles.

In addition to hosting costs, my only investment was to devote time and energy to researching new topics and writing quality articles to benefit readers of my blog.

With blogs, you can earn money through the three methods below:

• Post ads on the blog, usually via Google AdSense. You will be paid by advertising impression (ICC) or by advertising click (CPC).
• In affiliate marketing, you promote a company’s products or services to your readers. Whenever someone buys a product or service using your affiliate links, you are paid by the company.
• Write through paid, sponsored articles.

Most beginners often end up choosing the wrong monetization method, which is one of the reasons bloggers are not able to earn money. Be sure to choose the monetization method that best suits your niche.

Remember that blogs are about writing quality articles and searching for relevant keywords, SEO, SEO (off-site), and content marketing.

2. Start a YouTube Channel

YouTube is a great way to make money if you can make attractive videos. If you can create videos that can become viral on the Internet, you will earn much more than you imagined.

3. Web Design

With more people needing a website, the demand for web design will continue to increase over the next few years. Sites like Upwork and Freelancer make it relatively easy to offer services and get to know customers. Many people from developing countries start their Web Design career with Web Content Writing.

4. Sell Courses Online

Revenue from online education is not recurring. If you sell your time, it may be hard to make a lot of money. However, if you want to have a recurring revenue stream and develop your online course activity, you can create online courses and sell them on platforms like Udemy.

In addition to offering courses on sites like Udemy, you can also promote them on your blog or website. This allows you to avoid paying commissions and sell them for more profit. However, it may take more effort at the beginning to drive targeted traffic to your website.

5. Sell Your Products on e-Commerce Sites

If you buy certain items at a lower price than the market price, you can make money by reselling them online through sites like eBay. Registering on eBay is easy; all you need to do is create an account, upload photos and information about your product, set your price, and monitor bids. With eBay, you can sell new, refurbished, and used items and even sell imported items without any guarantee.

However, eBay can be a disorganized place to sell your products, and many people do not like buying or selling on eBay due to fraud. If you are looking for a more structured way to sell your products, you can become a seller on Amazon.

Unlike eBay, Amazon attaches particular importance to the quality of its sellers. To become a seller on Amazon, you must be a company.

6. Design and Sell Products on POD Websites

If you are creative and can make t-shirts, caps, mugs, etc., then Print on Demand (POD) websites are an option.  Through POD websites, it is possible to design different products with intuitive software on their platform. The products you create will be presented to thousands of website visitors every day. Whenever someone buys your product, the website will print your design on a blank product and send it to the buyer.

The advantage of the POD is that it does not require any investment. From inventory management to printing and shipping, everything will be managed by the website so you can focus on creating new products.

7. Instagram Consultant

Although Instagram is becoming more popular, brands may not know how to use the app effectively. If you have some experience in social media and marketing and are passionate about photography, it may be worthwhile to start a specialized consulting business on Instagram.

8. Online Affiliation

If you leave customer comments and reviews online, stop doing it for free. For many companies, the recommendation is an important lead generator, and they are willing to share some of their profits with persuasive people who will promote their products. 

9. Business Coaching

If you know business management, then why not start a business that helps aspiring entrepreneurs succeed? You can use your skills to help new entrepreneurs get started, or you can write articles about companies via platforms like LinkedIn.

10. SEO Consultant

Do you know the ins and outs of search engines and have skills in platforms like Google Analytics? Many small business owners do not realize how SEO can have a significant impact on their business. Consult with business owners about the power of SEO and use your skills to teach them to read and use their analytics data to have more qualified traffic on their website.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

There is no denying there; every person thinks about saving money. The people who like to live in “the now” and do not think about the future are rare. When it comes to people working to achieve a stable future, they are found in every corner of the world. Despite this, there are only a few who are successful in saving for their future.

Many people find it difficult to start saving as it requires them to cut some of their expenses. In reality, saving is not that of a challenge, only if a person thinks smartly. There are many ways one can start saving funds for their children, retirement, car, business, or a house. They need to explore.

People struggling to put aside a fixed sum of money every month need to understand that there are many ways to go about this. Some methods do not even require much effort if that is something bothering them

Working on the budget by enlisting all the expenses is the smartest way to begin. However, people always find excuses for not saving. Some say their expenses are too much while some complain about their salary is not enough. One of the biggest excuses is not knowing any effective money-saving techniques. Here are six simple ways to start saving money today!

Take Small Steps

For beginners, people can start by taking small steps. If one fails to save a certain amount of money from their income, they need to look for ways to cut down their expenses. Some smart ways people can go about with this are.

• Switching off the lights when not in use.
• Quick showers with high-speed water flow.
• Preventing unnecessary water loss.
• Practice recycling.

Track Expenses & Create a Budget

As discussed earlier, to start saving, people need to keep a track record of their expenses. They need to be well-aware of where they spend their money. It is always the first step in the process. Whether a person purchases a rose for their partner or plans a vacation, every penny an individual spends must be recorded.

For efficient record keeping, people can categorize their expenses. They can use their bank statements and credit card statements to do that. After gathering accurate expense details, the next step is to draft a workable budget. The plan needs to outline exactly how the expenses are measuring up to the income.

Cutting Down Expenses

A major component of saving money for a stable future is to cut down unnecessary expenses. Many people do not realize that they are unnecessarily spending on things that they do not need. Anyone who wishes to save needs to look for smart and effective ways can reduce spending.

It is where enlisting the expenses will come into play. Some people track their major expenses and do not give much thought to the minor expenses such as eating hot dogs, getting new shoes, or buying a flower. When individuals know exactly where their money is being spent, they can identify the irrelevant expenses, making it easy for them to reduce the costs.

Setting Saving Goals

Having a proper plan is critical for successful saving. Without a game plan, the saving efforts will not bear any fruit. It is due to this reason setting saving goals is essential. When one has a goal, it becomes easy to stick to the plan.

Saving for retirement, a child’s education, wedding, business, vacation, home, debt repayment, or a car are all the types of goals that one can set.

Choosing the Right Tools

The tools one chooses to save money play a critical role in the process. There is a multitude of tools that people can choose. Some of these are great for short-term goals, while others are deal with long-term plans.

For short-term plans, savings accounts and certificates of deposit (CD) are the ideal options. On the other hand, IRAs that are FIDC insured, stocks, and mutual funds work wonders for long-term saving goals.

Automatic Savings

A stress-free way to save money every month is to opt for automatic savings. It is a facility that almost all banks offer. It also allows consumers to choose the time and the amount that they want to save. One can even set a portion of every paycheck and even split the income to go directly into a savings account.

Conclusion

Achieving financial stability is a goal of every individual globally, but only a few people can succeed in it. Those who succeed in acquiring the status of ‘financially stable’ have one thing in common; they all save. Even the wealthiest of individuals adopt a practice of saving as it brings one peace of mind with a stable future.

 

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.