Author: Complete Controller

Procuring capital for your brand-new venture could be one of the most challenging tasks on this planet. Assessing your business, hatching up a plan, and contacting investors could be strenuous, especially if you are new to this stream. The pressure mounts on the business owner as it is their job to land an astounding pitch that would get them the investment they need for the progress of their venture.

The company’s growth depends on the investor’s interest in your business. Regardless of where the funding comes from, the entrepreneur must devise an effective strategy to capture the investor’s attention by sharing the best bits about their business with them. Financial support plays a principal role in how the business plan evolves.

If you are new to this business, you may want to stick around to read about the foolproof ways to grab the investor’s attention.

Memorize Your Pitch By Heart

Just know that you get one chance at it.

Practice your pitch to the point that you know it by heart. While this would put your memory to evaluate, a unique angle would also beg your vocal expressions and gestures to stand out. The purpose of a pitch is to grab an investor’s attention just enough to get them to schedule a meeting with you. It would also mean that you would have to go over the minute details and instead focus on the solid facts about your business plan that make it unique.

Failing your pitch equates to you failing to land that specific investor. So, get into the rhythm and prepare an angle that would blow everyone’s minds.

Present Financial Evidence

Keep one thing in mind: numbers are everything.

You grab the investor’s attention when you start speaking in numbers. Let us get this straight: the investor is only interested in the numbers (in other words, money) you can fetch through the progress of your business.

It is vital that you set the financial records straight in front of the investor. It would give them plausible evidence to base their decision on. If your previous numbers are impressive, you can procure the check from the investor.

Know Your Audience

While pitching your idea to an investor, be smart and identify your audience. If your idea is rock solid but not pointed in the right direction, your business will fail, and the investor will not be interested in investing.

Whatever service or product you are trying to induct into the market, you should have an audience. This audience is a targeted group of people who would ideally be interested in your business plan. If you are confident about your audience, this will amplify the investor’s trust in you and your venture.

Have a Plan

A well-rounded plan would include an insight into the future of how the entrepreneur wishes to take things forward. A method for the next five years would be an excellent place to start. It would include the marketing plan, innovations for the product/service, sales target, and goals, short-term and long-term.

The investor wishes to know your plan to weigh your business’s success in the market competition. You will not get that investment if your business plan is inadequate or lacks prioritization. Ensure that your business plan checks all the boxes. It would increase the investor’s confidence in your business and credibility.

Research the Market

Make sure that you go into the conference room well-prepared.

Adequate knowledge about the market would prepare you for the worst as you expect the best. Chances are, there is already healthy competition in the field you are preparing to step into. Understanding the selling points of all your counterparts would prepare you to tackle them. Present this knowledge to the potential investor to let them know you are serious about business and give anything to take it forward.

These five steps could be your gateway to acquiring the attention of your potential investors. Despite there not being a guarantee of getting that check, your chances would significantly increase if you took the steps mentioned above.i. 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.

For any business operation or working relationship to work, you must follow specific rules and regulations to avoid loss and reap maximum benefit. Particularly in finance management, following a strict set of guidelines is crucial for any business. Failure to implement such rules can result in severe financial losses and even bankruptcy. It is why audits take place.

The finance department of a company, particularly its accountants and bookkeepers, has a crucial responsibility of correctly managing the financial data and reporting discrepancies without bias. Finance professionals must adapt to a strict code of conduct for their credibility as an accountant and its benefits.

This is why companies have a particular set of professional and ethical guidelines for the accounting department.

What are Accounting Ethics?

Since the individuals working in the finance department of a company have access to sensitive data, all such individuals must be bound by a code of conduct that restricts them from leaking data or manipulating the numbers in the balance sheets. This is where accounting ethics come into play.

Accounting ethics are a set of strict rules implemented for the accounts professionals of the company. Every company either creates its guidelines for the finance department or follows the standards set by the various associations of Certified Public Accountants.

Most ethics established by global bodies focus on the responsibilities of the CPAs and put a lot of stress on the academic and professional qualifications of every working individual in the finance department. A certified public accountant must lead the finance department to adhere to the state’s regulations and not succumb to the pressures of taxes, interests, and financial manipulations.

Here are some generalized accounting ethics that every company implements for its finance department.

Independent and Unbiased Accounts Operations

One of the critical issues companies face regarding finance management is the dependence and lack of objectivity among the accountants at work. As an accountant, it is essential to set aside personal priorities and manage the company’s accounts independently and objectively. Biasedness can lead to manipulating the numbers and cause long-term losses for the company. Thus, independence and objectivity are the primary elements in accounting ethics.

Integrity

Often, finance professionals fail to distinguish between what’s right by them and what’s right by the company. It is why integrity is one of the basic elements of accounting ethics. Accountants must dissociate themselves from factual information and report discrepancies without bias, especially when the case is about fraudulent information or malicious omission of essential details, which could significantly impact their financial standings.

Professionalism

The code of professionalism binds every accountant, and any intentional act of misjudgment or misinterpretation can put a question on the entire profession. Accountants need to adhere to state laws and comply with all regulations enforced within the company’s jurisdictions. This professionalism is the key to delivering the best accounting practices.

Competence and Expertise

While it is already necessary for accountants to have a proper academic qualification before starting a professional career in finance management and accounting, several other things come into play. Since the industry is evolving rapidly, accountants must keep up with the pace and remain updated with new regulations, tax laws, compliances, and technological advancements in accounting and bookkeeping tools. Many changes in the state regulations can change the outcome of an accountant’s analysis of financial statements. Thus, an accountant must have the right expertise and undergo proper training before being appointed to a professional organization.

Confidentiality

It is one of the most critical elements of accounting ethics. Since accountants have access to all the data and financial statements of a company, they must ensure confidentiality and make sure that no such data or information about a company is shared with or discussed with a competitor or any other irrelevant person.

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.

Creating a household budget may not be the easiest thing in the world, but let us assure you one thing: it is certainly not the hardest either.

If this is your first time creating a household budget, the task may seem daunting, but it is not. All you need to do is track your income, identify your expenses, and create an expenditure plan for yourself.

Before we get down to business, let us understand why you need a budget to run a household smoothly.

Why is Budgeting Important?

Before you get down to business, you must understand why you need a budget for your domestic requirements. A budget is a financial plan that clearly states and divides the usage of money for the household.

When one starts taking up these adult responsibilities, it could get overwhelming to take time and do the math to create a budget. That is why you should sit down once and for all to analyze how you wish to manage your spending by following the five easy steps below.

Track Your Income

The first step for creating a household budget is to track the amount rolling into your bank account every month. It is your income and decides how much you can spend monthly.

If you know how much you are earning after paying all your taxes, you can create the ultimate plan to cover all your monthly expenses and may even leave you some money to save up, depending on your priorities.

Identify Your Expenses

Once you have the base amount you are dealing with, you should start identifying your monthly expenses. It could include your rent, groceries, utilities, transportation expenses, money spent on hobbies, and other channels.

One tip that may significantly impact your spending would be categorizing and prioritizing your expenses. Highlighting how much you are spending on each channel will help you realize where you may need to curb your costs. It is a significant step for those who may be looking to have some savings to their name.

Create a Plan

Now that you know your net income and have narrowed down your monthly expenses, you should start creating a plan that would aid you in spending the rest of your month smoothly without worrying about any financial crisis.

It would help if you began by separating the fixed and variable expenses. The fixed costs can easily be catered to as you can always identify them by tracking your previous records and spending habits.

A plan should help you differentiate between your ‘wants’ and ‘needs.’ For example, getting the groceries done is a ‘need,’ which is why you cannot save up in this department, but getting a Netflix subscription is a ‘want,’ which is why you could always choose not to get it if you are a little tight on money.

Have Goals

Budgeting may seem like just another household chore, but it could assist you in achieving your dreams.

Before you start implementing your budgeting plan, sit down and make a list of all your financial goals that you wish to achieve in the short term and long term. Your short-term goals should be ones you would accomplish within the next year, whereas you could set long-term goals for the distant future. For example, your short-term goal is buying a new television, but your long-term goals include your child’s education and a retirement plan.

Adjust Accordingly

Any budgeting plan created is never set in stone. Priorities change over time, as may your income. It is why you must be ready to make the changes in your household budget as per the hour’s requirement to cater to all your needs accordingly.

Having a budget could bring a sense of properness to the financial situation as it would help you soothe any wrinkles stopping you from making sound financial decisions. Ensure that the plan you have created is not too unrealistic and has enough room for slight variations.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.

Like everything else, an accounting cycle also has a specific time when a business owner must close it down. It is a necessary step in keeping the accounting system of a company free from any complexities. But this is not something that all business owners understand.

Closing an accounting cycle helps you smooth out any wrinkles and define the balances left at the end of the process. It enables you to stay coordinated with all the stakeholders.

You must follow specific steps when you begin closing an accounting cycle. It would help if you went about it systematically to avoid any inconveniences later. But before jumping into that topic, we must first understand an accounting cycle.

What is an Accounting Cycle?

An accounting cycle records all the company’s financial data saved, analyzed, and recorded over time. In an accounting cycle, all the data, including payrolls, investments, payments, profits, and any losses the business may have sustained in a specified period.

It assists a business owner in identifying all transactions revolving around the business and helps them analyze them, sort them out, and highlight the trial balance. Keeping the company’s finances clean and clear through an accounting cycle would allow the business owner far more than they can imagine.

Closing an Accounting Cycle and Why It Is Important 

The process of closing all accounting entries begins once an accounting cycle ends. Each accounting cycle stays in use for a specific amount of time before it is time to bring it to a conclusion. The job of closing entries is to clear out any dues and balances before a new cycle begins.

Closing an accounting cycle is one of the essential parts of having a successful accounts system for your business. Clearing any due payments means that the balances are all presented clearly, so no doubts are in the equation. Although sorting and keeping the finances organized is what accounting is based on, clearing due and balances is an equally crucial step that would keep the business in excellent financial health.

Closing entries also highlight the progress of the company. Once the cycle is closed, all remittances are calculated and compared to the past year’s. It would be vital for the business owner to conduct their expenses if they know their company’s performance.

Steps to Close an Account Manually

1. The first step in closing entries for an accounting cycle is that the accountant/business owner must identify and locate all the revenue accounts under the company’s name.
2. Once located and identified, the accountant must calculate each entry made in the accounting journals for each account to calculate the credit and trial balance.
3. The accountant should return the accounts to zero credit so that it can clear the report.
4. The next step would be to locate all accounts that deal with expenses. Once these accounts have been found, as with the revenue accounts, the accountant must calculate each entry for all the expense accounts to bring the credit down to zero.
5. The calculations then move towards the income summary accounts. If there is a credit balance by the time the funds are cleared, that would mean that the company has profited. But if the balance is in deficit, the company has suffered a loss during that cycle.
6. Finally, the accountant must turn their attention towards the dividend as well as the savings accounts. Once these have been cleared, it can calculate the company’s net income.

Let the Software do the Job

With the world undergoing a technological revolution, life has never been easier. Companies now invest in accounting and financial software to cater to their needs. The software does the job without making you go through the hassle of all the calculations, making the situation complex. Now is the time to invest in accounting software to complete the job easier and save the cost of employing an accountant.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.

Thanks to technology and globalization, you can access innumerable investments that will make your money grow. However, knowing the difference between planning your finances and investing your saved resources is essential.

While financial planning can include investments, investment planning is generally done by a professional specializing in stocks and other investments. A financial advisor helps a person with budgets, savings, planning for retirement, large purchases, and other general personal or business financial planning and advice.

What Does a Financial Advisor Do?

A financial advisor usually gives suggestions to clients lacking in-depth financial knowledge. The financial advisor receives a commission or percentage in exchange for their work. The consults for consumers and SMEs are part of their work. Be it goods or services. They are sometimes the intermediary between buyers and sellers.

Among their tasks is keeping track of the transactions they formalize. It would be best if you were careful about the laws. You have to monitor the transactions you helped carry out, establish business relationships with customers, and keep track of those that have already been made.

Accessing and developing new products or diverse markets is part of their work. Some activities that help you succeed are market research, reviewing current trends, and looking for other areas. Keep the records up to date so that the planning of strategies is kept in order and the objectives are met.

Your communication and initiative with the client must efficiently discuss results, generate meetings, and set new goals. Financial advisors provide customized financial solutions and execute orders in the stock market and financial products, i.e., shares and annuities.

In the same way, they manage financial activities on behalf of their clients. They occasionally provide advisory and consulting services; however, their work is merely based on a relationship of planning and transactions or financial operations.

What is an Investment Advisor?

The investment advisor is a professional who uses their knowledge and experience in managing their clients’ investment portfolios. The figure of the investment advisor is known in other countries as Investment Advisor. It has been very successful so that many of the world’s most significant heritages have an advisor with them.

The advisor designs investment strategies based on their objectives, risk tolerance, and unique investment ideas. Apply these strategies to your customers’ accounts and update them according to the events in the financial markets.

It seeks to inform you as widely as possible about the product you are interested in since most of the investors’ complaints regarding their adviser are given because the client did not understand how the contracted instrument operates.

By the Securities Market Law, investment advisors should profile their clients and explain how they will obtain benefits and the risks that their investments could have. They also make investment decisions on behalf of third parties if authorized by the owner. They give recommendations and provide investment advice.

Consider if your advisor has a long or short history. Remember that someone with experience of at least four years in the same institution is better than a young person with a short time since graduation. Experience always pays off when something so precious as your finances are involved. This is not the place to be frugal. 

Check if it is someone who has credentials. Independent investment advisors and those belonging to a credit institution, broker-dealer, investment fund operator, or fund managers for retirement require registration with the CNBV and comply with the measures established by the Market Law of Values.

Occasionally, the advisor can also be an investment portfolio manager. You need to know your experience operating other investors’ money and the results you obtained. 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.

Logistic businesses are expanding not only on the local level but also on a global scale. Everything we use in day-to-day life is transported from one place to another within the supply chain cycle. It is where you can step in and earn excellent profits.

While getting into the industry is not challenging, staying successful in a logistics business may face the most difficulties. Since you are starting your business post-pandemic, you need to focus on creating strong business plans and strategies. Your plan should be strong enough to lay the firm foundations of your business. 

Whether starting from a lorry or a mini-loader truck, you must be well-prepared for the competitive industry. Stepping into the logistics industry does not have any strict requirements, but it is tricky to maintain your position in this field. But nothing is impossible if you’re taking suitable approaches and working on your business plan efficiently.

As you begin to plan a logistics business, make sure to focus on things you need to learn, focus, and acquire before you launch. Prioritizing and neglecting stress and challenges in the later stage is essential. Take these steps and kick off your logistics business.

Decide Your Specific Transport Niche

Before you begin your logistic business, you first need to set your goals and define your target audience. Which niche to choose? Because there are multiple types of logistics companies in the industry. Please select one of them to become a titan of your field.

The best part about this industry is its countless options. You can start anything from logistic corporations to medical transport services. Choose one niche and try not to become the jack of all trades. Why? “Jack of all trades, master of none.” If you are unsure which niche to choose, research what is in demand in your area and then decide.

Develop a Strong Business Model

Once you have chosen the niche, learn all about it. It’s time to make the business strategy, specifically, a business model. When structuring your business, the model helps define the company’s workflow. When it comes to structuring a business model, you have quite a few options – sole proprietorship, limited liability partnership, and limited liability company.

• Sole proprietorship – it offers flexibility. You can either work as a partner or as an individual. The only downside is that the company’s loss impacts an individual’s financial situation.
• Limited Liability Partnership – you have an opportunity to work with others. In this case, each partner assumes equal risks and divides debts equally. All partners need to make decisions together.
• Limited Liability Company – if you operate as an LLC, you and your company are two separate things. Any business losses will not impact your personal finances.

Apply for License and Permits

When you begin your business, you need to have a suitable license. It would help to have many licenses and permits because you work with different people, passengers, and cargo companies. Here is the list of licenses and permits you will have to acquire to set up a logistics business.

• Commercial driver license
• Fuel carrier license
• Heavy load or cargo permits
• Insurance coverage for drivers, sound, and passengers

Consider Maintenance and Recertifications

When owning a logistics business, you must consider future challenges and possibilities. Maybe your services are new, but long-term usage requires quality and safety. Keep up with the routine maintenance to ensure your audience doesn’t have to pay for low-quality services.

Do regular inspections keep a check on your logistic business certifications? Try to manage in a way that your business functions smoothly. It is easy to overlook minor details in day-to-day operations. Setting up reminders for updating and maintenance prevents many obstacles.i. 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.

People are moving towards solar energy sources instead of the electricity provided by the powerhouses. But what exactly is solar energy? Solar energy is the radiant light provided by the sun, which can be converted into electricity. That electricity helps to power the electrical appliances and lighting systems.

Systems powered by solar energy can free you from the trouble of electricity down or power failures in the town. Whether you have a big meeting coming up or have to get dressed for a party, with a solar energy system, you can take things at your own pace without any worry. Solar energy has made the lives of people easy.

There are five types of solar energy:

• Photovoltaic Solar energy
• Concentrated Solar energy
• Water heating solar energy
• Solar Pool Heating
• Thermal Solar energy

So now, let’s address the elephant in the room: is investing in solar energy systems beneficial or disastrous in 2021? Let’s dive into the pros and cons of solar energy. Many people think it’s beneficial, while some say it’s not. First, let’s get right into it so that you can decide for yourself.

Advantages of Solar Energy

Reducing the electric bill

The first advantage in everyone’s mind is the reduced electricity bill. When you opt for solar energy, you will see a significant drop in your electric bill. You will save a lot of money when installing the solar energy panel in your home.

Many states require utilities to offer net metering, which reduces the electricity cost with the solar system’s energy. Such a system helps when you are running low on income and can’t handle the significant amount of electricity bills.

Solar is cheap

Another advantage of solar energy is that it’s the cheapest option available. We know that electricity prices continue to rise, touching the skies, and solar energy prices keep decreasing.

The rate that the respective people have noticed is that 70% of the cost has fallen over the past years. This invention has made the lives of homeowners easier than before. Another advantage you can take of the solar incentives is installing a solar system by the end of 2022; you can get a 26% federal tax credit.

Seeing a return on your investment

If you think solar energy can only reduce your electric bill, my friend, you are wrong. They can also make you earn a little extra money. As said above, through net metering, you provide excess power to your solar energy systems to generate utility.

Many states have incentives such as Solar Renewable Energy Credits (SRECs) that can make you earn hundreds of dollars annually. Of course, it also depends on where you live. All your earnings from saving the electricity bill, net metering, and other incentives can help you pay back the cost of your solar energy system.

So, these were the advantages of the solar energy system. Now, let’s move on to the disadvantages of solar energy.

Disadvantages of Solar Energy System

Intermittent energy sources

The solar energy system is an intermittent source; why? There are three reasons behind it.

1. The sun doesn’t rise at night, so the solar panel can’t generate power at night
2. The intensity of the sun’s rays varies with location, time of the year, and day.
3. Clouds and snow have a significant effect on solar energy systems.

People raise these factors when someone tells them to invest in solar energy systems for their homes. As time passes, these things are changing, and cost-effective batteries are in the process of making the solution to these problems. The homeowners can save the battery and store it for use at night.

Solar Energy Systems Require Space

Another disadvantage of the solar energy system is the space it needs. The house owners can use the roof to install the solar energy system. But when you look at the large grid-scale solar systems, you will know that space can become a big issue for people.

Solar energy systems have low power density, meaning they need a larger area to generate the same amount of solar energy as a coal plant.

Solar Energy Systems Can Move With you

The day you decide to move to another house or state, you will realize that you can’t move your solar energy system with you because it will cost you a fortune. The net metering agreement you signed with your utility is fixed on your property. And finding people who can uninstall and reinstall the solar energy system will cost you dollars.

So, these were the advantages and disadvantages of the solar energy system. Please install one so that you can save up money for later. The sooner, the better. 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’s become increasingly clear that cryptocurrency is the future of money. Still, some prefer a more traditional means of exchange. Businesses worldwide are changing all of their transactions to cryptocurrency to maximize profits and improve business acumen.

However, cryptocurrency has exceeded its expectations quite significantly in the last few years. For starters, several kinds of cryptocurrencies are available on the market. One of them is the Vancouver Bitcoin.

Vancouver Bitcoin aims to combine the new with the old by offering a more human element to trading cryptocurrency. Here, we discuss how Vancouver bitcoins can be the future of cryptocurrency and how businesses can expand.

A Human Touch For a Digital Age

Vancouver Bitcoin is a brick-and-mortar currency exchange where clients can trade paper cash for virtual cryptocurrency. Trading in crypto can be a daunting and unfamiliar experience for many. Agents at Vancouver Bitcoin are waiting to help traders, both new and experienced in the cryptocurrency market, with their every need.

Unlike other digital services, their customer service doesn’t use automated voices or chatbots. Vancouver Bitcoin connects customers to experienced and knowledgeable customer service representatives who can assist each customer with their specific needs; this fosters familiarity between the client and the company.

What Does Vancouver Bitcoin Offer?

At Vancouver Bitcoin, anyone can set up a virtual wallet or use one they already own. They can buy and sell not just Bitcoin, as the name suggests, but other virtual currencies as well. Customers can choose to add to their digital wallet or cash out and leave with money in their hands. Transactions are carried out instantaneously.

Vancouver Bitcoin’s website also features helpful guides that can teach new traders about the cryptocurrency world, how and when to trade, etc. Their encyclopedia provides a comprehensive list of technical terms anyone must know to navigate the cryptocurrency market.

A Rising Threat, an Unlikely Savior

Such a service has proven to be more essential now than ever before, as it offers clients and traders a level of security not usually found online. Last month, Vancouver police announced that victims of a cybersecurity attack had lost a staggering $2 million. Vancouver Bitcoin is licensed by Canada’s Financial Transactions and Report Analysis Centre to protect its customers from such losses.

While other players in the crypto-exchange market move further toward an all-digital future, Vancouver Bitcoin is Canada’s last line of defense in the fight to keep the human element of currency trading intact. Their success is evidence that many people still prefer the comfort of brick-and-mortar stores over purely digital services. Watching how the company plans to continue thriving in a market where many consider business models such as theirs obsolete will be fascinating.

Benefits of Cryptocurrency

• Easy Transactions: One of the most outstanding benefits of cryptocurrency is that it offers easier transactions to its users. Long gone are the days when quick transactions were the need of the hour since it has become a norm.
• Low Transaction Fee: Transaction fees can be a cribbing experience, especially if you’re transacting a hefty amount. With cryptocurrency in the mix, you can reduce transactional costs extensively. On top of that, you can send large amounts with no effort whatsoever.
• Confidential Transactions: Cybersecurity has been a concern for business owners in the present era. With the number of mishaps happening in the last few years, maintaining transactional activities securely is a problem. Cryptocurrency, with its additional security, can virtually transform your banking prospects. So, if you want to expand your horizons on the digital forefront, you need to adopt cryptocurrency.

Conclusion

Cryptocurrency has been a saving grace for many businesses in the contemporary era. People have opted to expand their horizons on the digital forefront by cryptocurrency. So, cryptocurrency is the way to go if you’re a business owner who wants to make quick inroads.

Cryptocurrency is essential for startups since it helps business owners take the technological step immediately. On top of that, you can change your entire digital landscape with this implementation right from the beginning. So, what are you waiting for? Cryptocurrency is here and is going to stay. So, if you want the best possible results, you need to expand on it quickly!

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.

A franchise can be a great way to start your own business from a well-established brand. This type of business is generally immediately profitable since the company is known to customers worldwide.

Running a franchise can be challenging despite the business having an established company reputation. However, if you have the money to invest in a franchise and desire to own a business, becoming a franchisee is the best path to take. Here are the steps to becoming a successful franchisee.

1. Establish a personal balance sheet

Starting as a franchisee is not a decision to take lightly, so it’s better to consider it beforehand. For this, the personal assessment is an excellent tool. But what is the question under this rather strict term? See this as a phase of introspection, after which you will be more able to make your decision knowingly. Concretely, you will have to focus your thinking around two axes:

• The Human Side

The enthusiasm of starting a business can make you grow wings and put you in a “tunnel vision” situation: you think of nothing else than that, which can mislead you. Ask yourself several questions about your motivations and your skills. Here are some examples to help you get started more easily:

• • Why become a franchisee?
  • Am I ready to change my habits?
  • Can I invest alone in this adventure, or should I call someone else?
  • Do I have the will to create from scratch? On the contrary, do I favor entrepreneurship within an existing framework?
  • Am I able to challenge myself easily?
  • Is becoming a creative and business owner currently compatible with my personal life?
  • What are my needs in terms of salary? Where do I see myself in five years? Ten years?

Once you have thrown enough questions on the table and found an answer to each, do the same for the second part.

• The Business Side

Again, take the time to ask the right questions and find the answers in yourself. Once is not customary, here are some tracks:

• • Do I have expertise in a field of activity?
  • Do I have a particular appetite for specific areas of activity?
  • What are my strengths from a professional point of view?
  • What skills do I lack?
  • How can I get help on the points listed in the question above?
  • Am I able to run a business alone?
  • Do I want to become a franchisee in a field of activity I already know? Start from nothing?
  • Recruiting and managing employees, does it seem possible for me?

From the moment you have answered all your questions, and none of the answers is crippling in the context of your project, it is because you are ready for the second point.

If you have difficulties completing this first step, getting help from various organizations such as the Chamber of Commerce and Industry is possible. These organizations can help you in this process.

2. Determine the business sector

Become a franchisee, yes, but in which sector? If a priori is a natural point at first glance, it still deserves to be deepened to avoid unpleasant surprises. Since you are in a professional approach, you must focus on your career in work.

3. To be clear about its financing capacity

If creating a franchise can provide several benefits, it does not mean the creation process is free. Franchising already requires entrance fees to the network of franchises you join: between $5,000 and $100,000. These expenses are mainly used to compensate the franchisor, which must, particularly, amortize the costs it will generate to help you start your business. Apart from the most expensive franchises, it is rare for the price to exceed $100,000.

However, other elements can drive up the addition: the stock needed to start the activity is an excellent example that should not be underestimated. Do you think you do not have enough personal funds to get started?

So do not hesitate to make an appointment with your banker to tell them about your project, present your business plan, and possibly apply for a professional loan to get you started. The latter will probably ask you for a personal contribution that can be significant. You can also ask for help from family and friends if you cannot raise this amount.

4. Find the right franchiser

If the previous points are settled, you must find the franchisor most relevant to your project. Limit yourself to the actors in the field of activity you have chosen: this will save you from having an endless list to deal with.

Then comes the contact with the various franchisers interesting you.

One element you need to recover from all your interlocutors is the DIP (Precontractual Information Document). You will find beneficial information for your reflection in this document, such as financial elements, networks, or the extent of its market.

As the franchisor provides this information, do not hesitate to compare it and cross-check it with other sources to ensure the transparency of your potential partner. 

You can buy balance sheets from other franchisees in the network to understand ​​the opportunities and risks of becoming a franchisee for this business. Tip: The list of all franchisees is included in the DIP. Attention: a franchisor urges you to sign a contract quickly, or you dazzle benefits that seem disproportionate?

Stay on your guard and pay close attention to his DIP. Do not hesitate to leave searching for returns from other franchisees, allowing them to have objective opinions. It is not uncommon for franchisors in financial difficulty to rally most business creators to their network to keep their business afloat. In this case, run away.

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.

Many of the goals we set ourselves throughout our lives are related, in some way or another, to improving our economic status. Many people put some goals to grow professionally, buy a home, purchase a car, plan their children’s future, or manage their assets to guarantee retirement.

However, depending on our age, these economic needs are changing. The truth is that the focus on which of these dreams you pursue rests on saving. However, those who could manage their finances by themselves without significant complications now face larger problems, such as inflation and the need to avoid it. The profits obtained do not translate into losses.

These economic issues and changes are why hiring a professional financial advisor to help plan a budget and investment plan may become necessary. While many financially responsible adults may determine they need the help of a financial advisor, they may also have difficulty determining how to find one. Here are five steps to choosing a financial advisor that works for you.

Listening

Choose a consultant who knows how to listen. Both can speak confidently in the relationship between the professional and the investor. Conveniently, you tell the expert what your starting situation and goals are, and do not let them sell you their products but prepare a proposal of advice that contemplates different products that are thought to achieve your objectives. In addition, you should talk about the returns that can be obtained, but also the risks.

Certification

The expert must have specific training in financial advice. The advisors generally have finance, taxation, and even law knowledge. In addition to having a higher degree, they must have specific training in proven counseling with more than 150 hours of training. It is recommended that, in addition, you have obtained some accrediting certification, such as the one granted by EFPA.

Experience

Experience and demonstrable successes are a great plus. At the time of choosing the advisor, the professional trajectory that he credits will be key. Experience allows us to cope with volatility with great determination in the markets, as in any other sector.

In addition, it is advisable to be well informed about the expert who will know if the strategy he applies to their clients is also carried out with themself and obtains good results. 

Independent Advisor

Make sure you go to an independent consultant. There are two types of advisors on the market: those who receive commissions from third parties to recommend some of their products and those who work independently.

For this reason, it is advisable that, before going to an expert, you know what kind of advice will be carried out and that this will be completely transparent when it comes to billing your services.

Cost

You must consider what you can afford when hiring a financial advisor. Knowing how much an adviser’s service costs is complicated since there are different payment methods. Some charge through a fixed fee, others do with a commission taking a percentage of the portfolio’s profitability, and those prefer to use a mixed formula.

In addition, you can consult these professionals promptly and pay them for the service provided. Be that as it may, the best thing is to value the type of advice you need and estimate how you will pay for it.

Most importantly, the service we pay for brings us closer to our goals since, in these cases, we should not get carried away by the words “expensive or cheap” but by the profitability. Finally, make sure that before choosing a financial advisor, you can contact several experts and stay with the one that helps you more effectively achieve your goals. 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.