Author: Complete Controller

As we all know, recruiting experienced professionals is challenging, as the competition for the sharpest talent intensifies with each passing year. If you want to attract the best candidates, writing a job advertisement and posting it on various job portals is not enough.

If we recruit developers, we need to think more like marketers. According to the Stack Overflow Developer Survey (2018) results, 59.8% of developers are open to new job opportunities, even if they are not actively looking. Therefore, I list ten tips to help you succeed in recruitment marketing and make finding the talent you need easier.

Understand Your Target Group

We start with something obvious. Before you can even begin planning a marketing campaign, you must have gathered enough information about the current target audience. For example, if you are looking for new front-end developers for the team, try to understand what is important to them, what channels they use, and why they usually change or look for a new job.

Choose the Right Channels

The essential thing is to focus on choosing the proper channels. Find out if you are not confident about which channels your target audience is currently using. Remember that it can be anything from social media to community sites like Reddit, Stack Overflow, Medium, or some specific areas. The most important thing is you are where your target group is. Focus on quality instead of quantity. Keep in mind that focus is everything when it comes to recruitment marketing.

Once you have selected the channels, it is time to customize your message. Reusing the same message and hoping the candidates are attracted is essential. You will not receive a response if the message is not tailored to the channel. Think about what your potential candidates are looking for on the track.

Focus on Place Advertising

Many companies still do not realize the status of a decent job advertisement. Not investing enough in the ad shows your candidates that you do not value them or their time. Remember that you do not have to draft an entire novel. A good job advertisement is usually concise and straightforward.

Focus on discussing the role, what you offer, and what skills successful candidates need. Do not write a lengthy list of requirements. You must sell the job and find suitable candidates.

Be Creative

There are many vacancies out there, so creativity is crucial. You must have a story. Stories make people curious and see your offer as something unique.

Every company has a story to tell, which can help them stand out in the crowd. You do not have to invent a story. Just tell about ongoing projects or techniques with which you are currently experimenting. Being genuine is a way to win over people on your side.

Tell About Your Team

Candidates usually want to know more about the team and the people they will work with. Unfortunately, we often forget to include them in our job postings.

Telling about your corporate culture and people is as important as describing the position itself. Humans are usually curious about others: who they are, what makes them proud, and what they do in their free time.

Think About Your Employer’s Brand

Recruitment marketing must always be in line with the company’s employer brand. If you try to make the company appear as something it is not, the candidates will quickly discover it, which can be detrimental to your organization.

If you want to build an exciting employer brand, recruitment marketing is a fantastic way. Remember that every company has an employer brand. Some companies control it; others let it live its own life. Recruitment marketing can help spread the word to people who have not yet contacted you.

It Makes it Easy to Apply

You have created an excellent job advertisement, and your marketing campaigns take people exactly where you want them. Still, you are not getting enough candidates. We often forget to think about the application process itself. If you require applicants to fill out long forms to apply for the job, you can be sure you will lose the sharpest talents.

Measure and Draw Lessons

Everything you do or test will not work. The advice I can give you is to learn from your mistakes. The best way to learn is to measure the funnel. Start with the impressions and opinions you get, dive into the number of clicks, see how many started the application process, and so on. If you do not feel comfortable with the numbers, it is time to change something. Adjust one thing at a time, and you will eventually better understand improvements and results.

Conclusion

Remember that recruitment marketing is not something you only need to do once but something that we must continuously work on and optimize based on the results.

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 some businesses, social media marketing is a unique platform that is a temporary but essential fad. In contrast, it is the only platform that will not provide any fruit; hence, it is not beneficial.

Social media provides an essential platform to enhance the business by increasing sales, but this platform would not be crucial due to the lack of knowledge. These are the ways by them. Social media marketing must be beneficial:

Greater Brand Recognition

Social media is the new channel by which you can gain more customers, and also you can make easy access to existing or current customers. You should increase the visibility of your business. For this, you have to avail any opportunity. For Example, a regular user of Twitter readily listened to about your business. On the other hand, an irregular social media user barely listens to your product.

Better Brand Loyalty

According to a publication by Texas Tech University, those businesses that use social media as a marketing tool enjoy superior customer loyalty. The publication suggests that when companies interact with their customers, they should take the benefits from social media. The beneficial and advantageous use can transform the usual customer into a “brand loyal customer. “Besides this, a study published by Convince & Convert illustrates that almost 53% of American citizens who prefer brands on social media are considered loyal customers.

More Opportunities for Conversion

All of your marketing posts on social media are the opportunity for conversion by which you can convert or transform the social media user into your regular or loyal customer. When you post a post on social media, you create an opportunity at the exact moment to get access to new customers, existing customers, and customers who left your business. Share a blog or post about your product; this will create an opportunity for the social media users to respond, and their reactions will lead to visiting the website. Eventually, there will be the conversion of non-customers into customers.

Higher Conversion Rates

In a few different ways, social media marketing boosts conversion rates. The concept that brands get more humanized by interacting on social media platforms may be the most critical aspect. Companies can seem like people on social media as people prefer to do business with other people rather than organizations, which is essential.

Furthermore, research shows that social networking has a 100% greater lead-to-close rate than outbound marketing. Having more social media users increases confidence and credibility in your brand, which is known as social proof. As a result, merely increasing your social media audience can boost your current traffic conversion rates.

These are the advantages of a long-term social media marketing campaign, but if you’re still hesitant to start, consider the following:

• Your competition is already involved. Your rivals are already on social media platforms, which means you’re losing out on potential social media site traffic. Allowing your competition to receive the total rewards while you sit back and watch is a bad idea. If your competitors aren’t using social media in some form, there’s one more opportunity to justify: the field is wide open.

Your followers communicate with their contacts, friends invite friends, and so on; social networking is all about building relationships. The sooner you initialize, the sooner you reap the benefits. The sooner you get started, the sooner you’ll be able to expand your following.

• The potential losses are insignificant. In all honesty, you have nothing to lose by using social networking. Compared to other marketing channels, the effort and cash required to set up your profiles and begin promoting are usually modest. Creating your presence only takes six hours each week or a few hundred dollars.

Conclusion

The longer you delay, the more money you’ll lose. When done correctly, social media marketing may result in more clients, traffic, and conversions, and it is here to stay.

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.

1. Inbound marketing

Attraction marketing is identical to inbound marketing. The purpose of developing an inbound strategy is to be found by individuals. Inbound Marketing seeks to understand the pains and demands of customers and then establishes a communication line with them to give a solution to their desires and aspirations.

The internet is now brimming with tools for researching, finding audience interests, and producing items that assist them in meeting those interests. When you do this regularly, you build an audience and establish a consistent contact line. In other words, the firm converses with its audience rather than simply sending communications.

Currently, the most effective strategy to reach out to people is to provide content, that is, to provide meaningful knowledge that addresses real-world issues and is readily available. It is feasible to grasp more specific public interests through this communication (and the go-ahead to meet them). As a result, their publications are becoming increasingly popular.

2. Content marketing

Consumers seek answers on the internet regularly; this search usually begins with search engines. Content marketing strives to position your business at the appropriate point of the purchasing journey to provide the most satisfactory answers. As a result, content marketing releases relevant and quality materials and information to attract, convert, and delight a target audience.

If executed properly, this approach may assist in quadrupling the company’s internet access in less than a year and offer numerous other benefits such as brand recognition, authority creation, and market education. To do this, you must distribute your material in areas of the internet that appeal to your character. Some approaches, such as blogs, corporate websites, and social media accounts, are regarded as standards.

3. Blog

The blog is where Content Marketing takes place because it is its only communication route with the public, free of the interruptions and diversions that other channels, such as social media, might have. In other words, you are free to post whatever you want, whenever you want.

Blogs are also straightforward to edit and administer, making it easier for organizations with small or large Marketing teams to carry out a realistic, cost-effective, and timely plan. Finally, blogs are an excellent content optimization technique for improving your ranks on search engines such as Google; this raises your company’s exposure and ability to attract the appropriate people!

4. LinkedIn marketing

You may also expand your audience using other media such as Medium and LinkedIn Audience Pulse. They function similarly to blogs, with the drawback of not having their domains and less ranking power, but they are more straightforward and accessible.

5. Institutional site

Many businesses are pleased with a blog or a social network presence; this is critical, but it does not negate the necessity for an institutional website. For starters, it boosts your company’s reputation. After all, when people come to you, they want to know you are serious and trustworthy. Second, this adds another channel for people to reach you, which is yours and can help you obtain high search engine rankings.

It is also critical that your marketing efforts bring individuals to a route where they may seek your items or services and ultimately consume from you, dispelling their significant concerns. And, without a doubt, this channel is the institutional website.

6. Social networks

Few sites allow consumers and companies to interact as much as social media. They are a conduit explicitly designed for communication, influence, and conversation. As a result, having a page on the major social networks where your target audience is situated has become critical: either to promote your actions and content or to inform people about your company’s “behind the camera.”

This engagement has become a critical factor for customers when selecting a brand, which is to associate with firms not just for their products and services but also for the values and ideals that they represent. And social media is a fantastic platform for this type of interaction. As the name indicates, social media is a form of media. The most crucial thing to cultivate, though, is networks. In the case of social networks, tactics serve several functions, as they are critical for branding and buzz while also driving traffic and conversions.

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.

We will go through everything you need to know about interest rates and what affects interest rates.

They are essential to know if you want to be able to make an estimate or predict the future, at least financially. It is helpful information if you, for example, are taking out a loan or investing in something.

After reading the article, you can be sure that you will know more about interest rates and how they work. But you need to know different concepts and terms to understand the interest rates and how these are affected. Therefore, we go through these and what you should always keep in mind when it reaches interest rates and how to act when interest rates move.

Interest rates are a large part of the total economy. Interest rates govern much, and many different societal factors govern interest rates. If you want to make intelligent financial choices in the future, it is good to familiarize yourself with how interest rates affect your finances.

We will start by looking more closely at interest rates; then, we will go deeper into what the interest rate is governed by and how it governs your finances differently. It with interest rates is not as complicated as it may seem, at least not once you have familiarized yourself with how everything with interest rates works in practice.

What Does Interest Mean?

Interest means different things depending on the type of interest you are referring to. Deposit interest is the money you get back when you save money in a savings account if the savings account has an interest rate. On the other hand, borrowing interest is the cost of a loan you take out. You can say that the interest rate is an expense when you borrow and an income when you deposit money you save.

How do Interest Rates Affect Your Finances?

Interest rates affect your finances by making it more expensive to borrow money if the interest rate is high. The interest rate can be explained as the cost of borrowing money. If you want to calculate how much a loan costs, you must also include repayments, i.e., the amount you pay off on the loan per month. But interest is also what you get from the bank when you make so-called deposits, i.e., deposit money in a savings account.

In this way, your finances are affected by the current interest rate. Because the interest rate is variable, you may be able to take out a loan at a time with a low interest rate and then must pay more if the interest rate rises. The deposit rate works similarly, governed by the so-called repo rate.

How do You Calculate Interest Per Month?

The current interest rate is calculated by multiplying the debt you have left to pay by the interest rate. You then get the amount in kronor you pay in interest per year. It is also the answer to the effective interest rate minus other fees that can be added in case of delay. If you want to calculate how much you must pay per month, divide the amount by twelve and get the amount you must pay per month.

What types of current interest rates are there?

There are, among other things, the following types of interest:

• Fixed interest rate

A fixed interest rate type that does not move after the repo rate as variable interest rates do. For example, if you accept a loan with a fixed interest rate, the interest rate will always be the same regardless of how the repo rate moves.

• Effective interest rate

If you want to know what compelling interest means, you should take all the costs of a loan, not just the actual interest on the loan. You must also include fees, interest on arrears, and late fees in the costs, which provides compelling interest.

• Deposit rate

When you deposit money in a savings account, you often get interested in your money, albeit very low. The interest rate will then benefit you. Different deposit institutions have different interest rates, meaning you get different amounts of money for goods depending on where you invest your savings.

• Interest on arrears

This type of interest occurs when a bill is not paid on time; it can be explained as a variable late fee depending on the bill’s size. The default interest is thus a fee in parallel with the amounts you owe.

• Borrowing rate

The loan interest rate is the most common in Sweden. It refers to the interest you pay or the cost, in other words, when you take out a loan from a bank or a credit institution. The best loan has a low interest rate, but the interest rate is usually variable.

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.

Getting to Know Binary Options

Binary options are distinct from stocks, bonds, and mutual funds; even so, they are easy to conclude. Instead of investing in a specific company (i.e., Microsoft, Google, Facebook, Exxon Mobile, etc.), a person investing in binary options is essentially betting on price fluctuations in the price of specific options. Those who wager the correct amount will win a predetermined amount of money; those who take the wrong place will lose their entire investment.

Gains and losses are unknown by how “right” or “wrong” an investor can be; this means that the investor will attain the same amount of money whether the stock concerned is valued at $20.51 or $22.00. Conversely, an investor who wrongly bets loses money, regardless of whether the wager was off by a single cent or a few dollars.

 

Period Falling Below the Active Price

Types of binary options

You can trade binary options internationally. Alternatively, some investors may invest in domestic and international options. International binary options are officially categorized as “exotic options” by the US Securities and Exchange Commission.

There are different types of international binary options. Below is an overview of the different kinds and how they work.

• Digital options

Digital options are the most popular form of binary options. They are often called up/down choices or call/put options simply because an investor only needs to bet on whether the options to pick will rise or fall below the active price within a certain period. This period can be as small as fifteen minutes or as long as a whole day. At the end of the period, an investor will email the recent price of choice in question.

• Touch options

There are three types of touch options. These are touch, no-touch, and double touch.

Investing in no-touch options means that the investor is betting that the value of a particular investment will decrease to a certain level. An investor who bets on touch binary choices bets that the value of a specific option will rise to or above a specified amount. A person who bets on double touch places two bets on two different positions. Such an investor wins money if one of these positions is reached.

All touch options are bought on the weekend and traded during the week. The investor then has opportunities throughout the week to win money based on the closing position of a specific investment at the end of the trading day.

A “range” binary option allows traders to select a price range that the asset will trade until expiration. You will receive a payout if the price stays within the desired range. If the price leaves the specified range, the investment is lost.

As the competition in binary options intensifies, brokers offer more and more binary options products. Although the product’s structure can change, risk and reward are always known at the beginning of the trade.

Binary options innovation has led to a choice that offers a fixed payout of 50% to 500%. It allows traders to make more from trade than they lose potentially – a better reward: risk ratio – although if an option offers a 500% payout, it is likely structured so that the odds of winning that payout are low.

Some foreign brokers provide traders to exit trades before the binary option expires, but most do not. Closing a transaction before maturity usually results in a lower payout (specified by the broker) or a slight loss, but the trader will not lose their entire investment.

 

The Price Range for the Predetermined

Sixty-second binary options

Sixty-second binary options are necessarily identical to digital choices. The difference is that an investor bets a specific stock will go up or down in value within a 1/62 period. Again, investors gain or lose money based on the accuracy of the call, regardless of how much money was won or lost.

 

Boundary options

As the name implies, investing in frontier options involves betting that a particular investment will remain in a specific price range for some time. This price range can be small (i.e., between $17.00 and $17.50) or broad (i.e., $15.00 and $20.00). An investor gains money if the options remain within the predetermined price range for the predetermined period.

Alternatively, an investor can bet that the options exceed a predetermined limit within a specific time. The investor will gain money if the choices break out of the limitations, regardless of whether the alternatives have gained or lost value.

 

Binary META

The Binary META trading strategy is more complicated than other kinds of binary trading. Even so, it is best in some ways as it offers investors more options than just up and down-betting. With Binary META trading, an investor cannot only bet on the future value of a particular investment but also double the bet mid-day. Alternatively, an investor can sell early if they see the possibility of the bet being wrong.

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.

Accounting is the basis for a deeper understanding of your company, which involves many administrative processes, including registering all accounting documents. Preparing and reviewing annual accounts, balance sheets, and other financial statements is critical to any business.

Here are some basics that will give you a simple understanding of what accounting means to entrepreneurs running their businesses.

Heritage

Heritage is the set of the company’s available assets, rights, and obligations. An organization’s equity is divided into three representative parts.

• Assets

Assets measure the overall value of the company. These include assets, payments, company buildings, equipment, and furniture. In addition, it is the most basic concept to consider to understand accounting easily.

We found two types of assets: current assets are those responsible for acquiring assets to remain in the company for less than a year. On the other hand, non-current or fixed assets are applied to stay in the company for some time, as real estate, for example, is a non-current asset.

• Liabilities

Liabilities are the company’s obligations; you must understand their functionality to learn about financial accounting. It is measured based on its debts with third parties (suppliers, government agencies, and income). We find two types of liabilities.

Current liabilities comprise all a company’s obligations and debts for less than one year. On the other hand, we find current liabilities, made up of durable debts, that are better than one year.

 Net Equity is measured based on the difference between assets and liabilities. Net Equity gives us a notion of the book value of our company, thus improving your skills in the accounting of an entrepreneur.

• Capital

You must handle the concept of capital as it will help you understand basic accounting being fundamental. Capital is the amount of money and assets a company owns. The capital is obtained through the contributions or shares of the company to generate more profits for the company.

• Income

Also, within an entrepreneur’s accounting concept, you must understand their importance for your business. Income is the money you receive when you sell a product, increasing a company’s equity. At the same time, there is a decrease in liabilities or increased assets. You must also know that the number of sales you make in the company will increase revenue.

• The bills

Within every company, there are accounting accounts; these will allow you to have a clear notion regarding the movements of the business. In addition, these accounts will allow you to have reasonably accurate and transparent information about the status of your business, emphasizing the development of concepts related to entrepreneurial accounting.

• Financial statements

They are also known as financial statements. They are one of the most critical documents in accounting and what you should know about accounting for entrepreneurs because they reflect the financial status of the entire company. Companies usually present these statements after one accounting year or quarter.

There are three primary financial statements. The first is the cash flow statement, where we find information regarding a company’s cash flows. On the other hand, we find the active account, also known as the profit and loss account; here, you can see the company’s results in a specific period. This information will give you a clear idea about accounting for entrepreneurs.

Finally, we find the balance sheet to assess the company’s financial health by comparing the organization’s assets and liabilities. You can observe the debts and rights of the company both in the short and long term.

• The accounting close

The accounting closing is when you stop recording the company’s economic activity, and the data obtained is analyzed. It is an essential step in learning more about accounting for entrepreneurs.

Subsequently, the income statements flow to the balance sheet account, and the difference between the company’s income and expenses is calculated. This analysis is fundamental when it comes to learning to account. It will be a year of gains if you have more income than expenses. Otherwise, it would be a year of losses.

• Tax closing

After the accounting closing, it is prudent that you carry out the fiscal close. By learning more about accounting, we found that this closing meets all tax obligations and pays annual taxes.

• Accounting books

Organizations present these documents in book format. They are documents containing all the obligations and relevant financial information about a company; this is basic when learning about financial accounting, as they give you a concrete perspective.

Currently, most businesses keep accounting books digitally, allowing incredible speed when reviewing this data. There are two types of books: compulsory and voluntary books.

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.

The way people communicate and consume content has changed many times throughout history. We have come to exciting computer-generated media from oral tales and stories that open a new world. Every technological breakthrough arouses resistance and concern, and throughout history, books, radio, and television have been seen as a sure path to moral ruin. Virtual reality, on the other contrary, has been talked about for a long time. After only being able to dream about the potential of virtual reality, we can now experience innovative technology with our senses.

Virtual Reality Now

The step from idea to product can belong. But the development is exponential once something has found its way into everyday computer use. It takes time to try out the best way to use modern technology. In addition, microchips needed to be smaller and prices lower.

Now, hardly anyone can have missed that virtual and augmented reality (VR/AR) has finally become public goods. The VR/AR market amounted to $3.9 billion in 2016 and is expected to be significantly higher this year. TechCrunch’s technology news site states that the market will be worth $111 billion by 2022.

Gaming Industry

We start with the self-written industry in this context: the gaming industry. Virtual and augmented reality has had a considerable impact there. The success of Pokémon Go was front-page material in many countries in 2016. The game offered a combination of augmented reality and exploration of the natural geographical environment that appealed to players of all ages. An even more well-established brand offered another success story: Star Wars. When the game Star Wars Battlefront was recently released, it contained a VR element to control an X-Wing ship. The game was launched simultaneously with Disney’s first Star Wars movie premiered. And yes, you read that right – you get to control an X-Wing! VR games have become a separate genre among game reviewers.

Retail

The traditional retail trade has a headwind but has much to gain from VR/AR technology. For stores, investing in VR is a way to offer unique and engaging experiences that make customers find their way back. According to Harvard Business Reviewretailers can even use technology to change people’s shopping behavior.

Training

VR applications also create attractive opportunities in teaching science, technology, and mathematics. The Danish startup company Labster is one of the innovators in the field. They develop virtual laboratories where students mix dangerous substances and blow things up without harming anyone. Through Labster, students gain practical experience with the latest technology and explore and experiment with their heart’s desire. Thanks to virtual reality and mathematical algorithms, they can use equipment they would not have had access to otherwise. Labster’s combination of a virtual 3D world, game elements, and many possibilities make the solution invaluable in teaching. MIT, the University of Copenhagen, and Harvard University are so far using it.

Agriculture and Design

Designers and architects work a lot with visuals. They are based on a vision of something they then try to create. But selling a vision to others is not always the easiest thing to do. “It can be tough to communicate an idea to the customer and get it approved,” says Michael Harboe. Many people have difficulty understanding abstract ideas and drawings, and even computer visualizations are complex. Therefore, we welcome the revolution as virtual and mixed reality means. The big advantage of VR is that you save significant amounts of money on correcting mistakes afterward when the projects are implemented. “

VR in Everyday Life

The possibilities to offer new experiences with VR/AR are almost endless. Copenhagen’s Tivoli, the world’s oldest amusement park, has a new roller coaster where virtual reality gives the kicks an extra dimension. Google Translate uses augmented reality in its useful translation app. Just point the camera at a sign when you are abroad; you will have the translation in no time.

However, as a company, one must realize that it is not enough to use modern technology. Creating added value and giving the target group an experience beyond the ordinary is essential. Technology is just the medium, whether in employee training or creating exciting experiences for your target group. And in the last, it is still the content that counts. 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.

The opportunity to shop for food online completely exploded last year. Grocery stores where you can buy food online are large chains today, plus several upstarts. The most common arrangement is to pick up your goods, as in any e-commerce, and then choose when to pick them up. But there are also grocery stores online that offer home delivery.

It starts and runs an online food business on your means with great opportunities. Today, it is easy to get started, and it also does not cost much for companies that want to take the step to start selling online as well.

Marketing on Social Media

Different channels are appropriate for diverse types of businesses and markets. In some rare cases, it can be relatively cheap to pay for marketing via, for example, Google ads or ads via Facebook, Instagram, YouTube, etc. In this post, we focus on what you can do on your own to keep costs down and, at the same time, drive traffic to your website.

In general, however, it is the case that cheap marketing (advertising, etc.) is affordable precisely because companies are not willing to pay for the marketing in question. There is, of course, a connection between price and supply/demand. 

If, for example, you are running a restaurant, then you are competing to win customers with your local market restaurant and running a food business. Consequently, the prices for advertising in this type of niche and market are not very high.  

In addition to the degree of competition in your market, some media are more suitable than others for your offer. Therefore, you must identify your target group to reach your target group in the best (cheapest and most effective way).

Market with Visual Messages

For example, it is usually better to reach out with visual messages via channels that allow this type of marketing in the food business. In other cases, sound may be a more advantageous channel than, for example, text or optical media.

One tip is to start by focusing on one marketing channel. Make sure the channel is appropriate for your defined audience. It can be Facebook, Instagram, YouTube, or search engine optimization. It takes time to become good at mastering a channel.

Optimization of Search Engine

One possibility is to spend money on advertising, and organic search engine optimization is another possibility. This type of search engine optimization involves attracting visitors to your site by defining and optimizing specific keywords (“keywords”) that you want your site associated with by Google and other Internet search engines. For more organic search optimization, you want to end up high in the search hierarchy for, for example, Google’s (and other) search engines. 

Show Presence on Google My Business

Local presence is essential for running a restaurant, especially for eateries. Before placing an order with your company, a consumer will likely conduct an internet search and a fast check to see how others perceive your company. It includes customer feedback like whether you accept takeout, operating hours, etc.

You may claim your company on Google Maps and manage it from there. Maps will prompt you for information such as your open hours, website, phone number, etc. As a business owner, you may even answer patrons’ inquiries about your business.

It improves your company’s ranking when people search for it, making customer acquisition easier.

SMS Marketing

If you have a sale or update your clients about their orders, SMS is the best channel to employ. Thanks to its quick delivery and excellent engagement rates, SMS ensures subscribers get and read your messages even offline.

For your food business, SMS is a straightforward way to get started. The channel is ideal for deals and discounts that must be completed within a specific time. To begin delivering SMS, install a Shopify SMS marketing tool like TxtCart.

Apart from time-sensitive offers, SMS promotions may be used to upsell clients by suggesting things they are likely to buy based on recent purchase patterns.

Loyalty Program

Loyalty programs are a tried-and-true Shopify marketing approach. Customers who remain loyal are worth ten times more than those who make their initial purchase. However, how can you persuade your clients to keep communicating with you?

Many food businesses use Shopify to set up loyalty programs to encourage customers to act and earn incentives. This immediate pleasure lets customers connect with the company to win additional incentives. 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.

Effective communication is one of the keys to success in a remote work environment for management and direct subordinates. Adopting a remote desktop that relies heavily on asynchronous communication to manage team members can be difficult and time-consuming. Managers may struggle to keep up without the daily face-to-face engagement they’re used to, depending on the organization’s history and how long a teleworking model has been in place.

Personnel should use these six productive communication strategies to ensure they get the information they need to perform well and complete projects on time.

1. Ask your manager what he wants

Employers new to telecommuting might not know how frequently they want their employees to interact. Some management teams may not have considered the comparable levels of communication in a remote environment, especially if they come from years of working in a work environment and are used to reviewing their reports face-to-face regularly. As a result, they may doubt team members and how incredibly hard they work because they are no longer in sight. The simplest thing an employee can do if they don’t feel they’re getting enough feedback is to ask management directly how often to report progress and what mode of communication they prefer, whether it’s Slack, email, or something else.

2. Provide daily check-ins

Take time each morning to send your boss a list of three to five of your highest priorities for the following day and any issues you need answers to within the next two working days. Provide another brief update in the same manner at the end of the day, giving a high-level review of the day’s work and a reminder of any information or input needed to keep your newest project going ahead.

3. Don’t be nervous about requesting a video call

If you discover that your managers are experiencing problems responding to your daily check-in, request a video conference with them and agree to keep it restricted to a specific duration of time. While video meetings have a reputation for exhausting remote team members, when management primarily delivers face-to-face constructive feedback, they may be quicker to join a video chat rather than respond to queries in writing. If the practice is thriving, schedule a time to video chat regularly through brief micro-meetings.

4. Share projects as digital document files

Going back to paper for project management may seem paradoxical. While management still has to learn the ins and outs of remote working systems, including new software and feedback techniques, having all project details in a readily accessible document will assist in speeding the communication process. Still, if your boss is used to getting print updates in face-to-face conversations, you should try providing a digital copy with them so that you keep a running track of their queries. You can give a response and a summary of where you are in the project’s completion process.

5. Be honest about communication-related frustrations

Most managers will listen carefully when confronted about unsatisfactory feedback or if employees believe they are not receiving enough information about their day-to-day activities or projects. Express real worry to your management and be prepared to explore a possible solution that will fulfill your needs. Even if the end outcome is not what you had in mind, they will be glad that someone took the initiative and came prepared with a solution to the problem.

Final Thoughts

Managers will develop and adapt as telecommuting becomes a vital and often long-term part of people’s lives and professions. However, getting acclimated to the different web-based tools available for collaborating and handling business Projects can take time. Old habits and communication and management approaches are challenging to break. Employees that are proactive in their communication can help make a smooth transition go more smoothly and avoid unanticipated difficulties that might arise from a lack of contact with management.

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

By: Jennifer Brazer

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

Fact Checked By: Brittany McMillen

Accounting 101: A Guide to Mastering the Basics of Accounting

Welcome to Accounting 101, where we strip away the intimidation and break down the essentials of accounting. Whether you’re a business owner trying to make sense of your books or someone aiming to take control of personal finances, you’ve come to the right place. As the CEO of Complete Controller, I’ve spent years helping individuals and businesses master their finances—and trust me, it’s more straightforward than it seems.

Accounting isn’t just about crunching numbers; it’s about clarity, decision-making, and seeing the financial landscape as it truly is. Today, I’m sharing the foundational principles you need to get started, equipping you with tools to track, understand, and leverage your financial data. So, let’s get started, step by step.

Why Accounting is Non-Negotiable

Accounting is more than “keeping the books.” It’s the backbone of any financial operation, whether you’re running a Fortune 500 company or just trying to figure out where your paycheck disappears every month. Here’s why you need accounting in your life:

• Understand Your Money: Know exactly where your earnings are going and whether you’re living within your means—or beyond them.
• Stay Legal: Falling behind on tax filings can lead to headaches (or worse). Accurate accounting keeps you aligned with legal requirements.
• Build Credibility: Thinking about taking out a loan or wooing investors? Your financial records are the proof they’ll ask for.
• Plan for the Future: You can’t create a solid budget without understanding your financial starting point.

Believe me, with accurate accounting, you’re not just surviving—you’re thriving.

Basic Accounting Principles Everyone Should Know

Like any field, accounting has its core principles. These form the framework for understanding how money is tracked and reported. Let’s focus on two essentials that will help you grasp the bigger picture.

The accounting equation

The whole system of accounting boils down to one simple formula:

Assets = Liabilities + Equity

In plain terms: what you own (your assets) minus what you owe (your liabilities) equals your net worth (equity). For example, if your company owns $50k in assets and owes $30k, the $20k leftover is your equity. Keep this equation in mind—it’s the foundation for balance sheets, which we’ll explore shortly.

GAAP vs. IFRS

If you’ve spent time Googling accounting terms, you’ve likely come across these acronyms:

• GAAP (Generally Accepted Accounting Principles): Standardized U.S. accounting rules. Want to dive deeper? Check out GAAP guidelines.
• IFRS (International Financial Reporting Standards): The global equivalent to GAAP. It’s less rule-focused and more about broad principles.

Most small businesses won’t need to worry about IFRS, but understanding the differences can be crucial if you plan to operate internationally.

Financial Statements: Your Business’s Story in Numbers

Financial statements might seem daunting, but they tell a story. In fact, I like to think of them as chapters in a book about your business’s financial health.

Three key types of financial statements

1. Balance Sheet: Provides a summary of your assets, liabilities, and equity at a single point in time. Think of it as a snapshot of your financial health.
2. Income Statement: Sometimes called a profit-and-loss report, this shows revenues and expenses over a specific period. If you’re making money—or bleeding it—this report tells the tale.
3. Cash Flow Statement: Tracks the movement of cash in and out of your accounts during a specific time frame and provides a clearer picture than just a bank balance.

Take Amazon as an example. Unlike many companies, their annual reports begin with the cash flow statement, emphasizing how critical cash management is for understanding overall financial health. You’d be surprised what these reports can reveal about trends and potential red flags.

For a detailed explanation of these reports, don’t miss this excellent resource provided by the SEC.

Making Sense of Accounting Terminology

Accounting jargon can be confusing. Let’s simplify a few key terms:

• Assets: What you own—think money in the bank, equipment, or inventory.
• Liabilities: Debts or obligations, like loans or outstanding bills.
• Equity: What’s left after deducting liabilities from assets—your net worth.
• Revenue: Money coming in; picture your salary, sales, or rental income.
• Expenses: Do you know where your money’s going? Expenses include rent, utilities, and unexpected costs.

With these basics, you’ll already sound like a pro.

Bookkeeping: The Foundation of Accounting

Here’s a truth bomb: solid bookkeeping is non-negotiable. It forms the foundation for great accounting. Without it, everything crumbles.

Practical bookkeeping tips to get started

1. Journal Entry Basics: Record every financial transaction, no matter how small.
2. Organize with Ledgers: Group entries by categories (e.g., income, expenses).
3. Trial Balance Tool: Use this to ensure the books balance out and catch errors early.

If this feels overwhelming, start small. For more guidance, check out bookkeeping basics for beginners.

And here’s a hack from my own experience—going digital with bookkeeping tools, like QuickBooks or Wave, can save you hours of manual work.

Top Accounting Software for Small Businesses

Gone are the days of spreadsheets. Modern accounting software is user-friendly, affordable, and incredibly powerful. Some of my favorites:

• QuickBooks: Perfect for both beginners and seasoned accountants.
• Xero: Streamlined for growing businesses.
• Wave: Free and perfect for freelancers or small operations.

For the budget-conscious, here’s another insider tip: try free tools like ZipBooks Starter or Brightbook for simple bookkeeping without the expense.

The Role of Accountants

Even with all the tools, there’s no replacement for an accountant’s expertise. As someone who has built a career working closely with businesses, I can tell you firsthand how valuable accountants are. They help with:

• Tax Prep & Filing: Minimize liabilities and maximize deductions.
• Compliance: Ensuring financial accuracy and regulatory adherence.
• Strategic Guidance: Offering data-driven insights for sustainable growth.

Final Takeaways

Accounting isn’t rocket science—it’s a skill set you can master with the right knowledge and tools. You’re already ahead of the game by understanding basic accounting principles like the accounting equation, making sense of financial statements, and setting up solid bookkeeping practices.

Ready to level up? Learn more about staying ahead with the latest accounting innovations and trends.

FAQ

What is the difference between GAAP and IFRS?

GAAP is U.S.-specific, while IFRS is used globally. GAAP follows strict accounting rules; IFRS emphasizes broad principles.

Which accounting software should I use?

QuickBooks is user-friendly, Xero excels for growing businesses, and Wave works well for freelancers.

Why are financial statements important?

They show whether you’re making a profit, managing debt responsibly, and maintaining healthy cash flow.

How should a beginner start bookkeeping?

Start with journal entries, organize them into ledgers, and verify using trial balances.

Why is accounting essential for small businesses?

It ensures you track revenue, manage expenses, find tax advantages, and plan for sustainable growth.

Sources

• Corporate Finance Institute. “Financial Statements Examples – Amazon Case Study.“ Corporate Finance Institute.

• U.S. Chamber of Commerce. “Free Accounting Tools for Small Businesses.“ U.S. Chamber of Commerce.

• Franzoni, Marco. “Accounting 101: Basic Accounting Principles for Beginners.“ Disruptive Labs.

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.