Category: Content

Investing Money: In What?

It’s wise to have money on hand. First, you think about how much you want to invest and plan. Do you have a lot of money? Then spread your investment over different options to spread risk.

1. Investing money in companies (stocks)

The most famous form of investing is investing in stocks on the stock market because the number of people who have invested money has increased by more than a quarter (1). When you invest and want to be in control, then start investing in shares through an online broker.

2. Investing in real estate funds

Are you thinking of real estate investment? Then look at the possibility of real estate funds. A real estate fund is like an investment fund that you invest such as homes, offices, or shopping centers.

3. Investing money in an initial public offering (IPO) 

Have you always wondered how to participate in a company’s initial public offering (IPO) at its original price? This is now possible via the Freedom 24 platform. Invest in the first IPO of US and European companies. Buy shares at the original price before the start of the auction. Earn by selling them once they are listed on the exchange and the lock-up period ends. The cost can skyrocket by tens and even hundreds of percentages.

You get free business indicator analysis of promising IPOs. Popular upcoming corporate IPOs include Elon Musk’s Star Link Satellite Communication System—social media platform Reedit, and popular platform TikTok. The minimum investment amount to participate in an IPO is $2,000. Enjoy an average return of up to 64% in 93 days*. Register through this link and create an account immediately.

4. investing in crypto (Bitcoin)

Because  ofsomething more exciting with your money? Investing in Bitcoin can be beneficial, especially when you trade actively. That’s why you can take full advantage of the latest price fluctuations. Some people now call Bitcoin digital gold.

Because, in the long run, the currency could replace traditional currencies such as the euro and dollar as means of payment. Note that the Bitcoin price fluctuates a lot. Some big banks believe that a Bitcoin could be worth $100,000 or even $1,000,000 in the future.

5. Investing in loans (P2P)

Do you want to invest money at a high return and relatively low risk? Private individuals are also increasingly looking at alternatives to the usually “expensive” bank for a personal loan. The alternative is an online platform that connects investors and consumers with a loan.

6. Investing in startups

Do you want to help starting entrepreneurs make their dreams come true? And simultaneously achieve a good return by investing wisely in startups? Crowdfunding offers entrepreneurs business loans. This is very popular nowadays. Because during the crisis, banks were less likely to lend money to companies. Via Oneplanetcrowd, you invest in sustainable business loans with a positive impact on people and the environment. Choose a project with which you have an affinity and start investing. You can start at $150. You can achieve an average return of 6%.

7. Investing money in gold

Investing money in gold and precious metals can quickly be done. In times of uncertainty, investors resort to fixed-value products. Gold is one of them. If you want to speculate on the gold price in the short term, you can do this using CFDs on commodities. An example is buying shares or mining companies.

See also crypto exchange Bit panda. Here you can trade in precious metals such as gold and silver 24/7. You can also trade in cryptocurrencies. Registering is very easy. It only takes 2 minutes. Invest automatically and take advantage by spreading your risk.

8. Investing in your pension 

It is wise to have your Pension adequately arranged. You can supplement your Pension by investing. You can opt for pension investing with Brand New Day. This way, you build up extra Tension. And you can take profit from tax benefits.

Would you instead save than invest for your retirement? Then the option for flexible pension savings with Brand New Day. With a savings account, you benefit from tax benefits and a high variable interest rate of 0.30%. If you start saving sooner for your retirement, the higher the return. And the sooner you could stop working.

9. Investing money in a savings insurance policy

Do you want to set aside a fixed high interest rate and money for a longer term? Then open a savings insurance policy. Maybe you want to help the kids buy their first home or save up for a dream trip.

10. Invest in paying off your mortgage

Do you have a mortgage and quite a bit of savings? A significant advantage of paying off your mortgage is saving you your monthly payments and interest. Perhaps this is the most innovative investment. Provided you have a mortgage, of course. There is no risk related to this investment. In short, the freed-up money can be invested directly in one of our investment tips—a win-win effect.

11. Investing money in a vacation rental

Do you have a little more money to spend? Then consider investing your money in a holiday home. This can be an excellent investment, especially at this time with the Coronavirus. More and more people are booking local holidays so that you can benefit from this increasing domestic tourism. Moreover, you can also enjoy it when the holiday home is free. According to the NVM, which annually charts the progress of the holiday home market, sales have been increasing for years. Be aware of the possible risks. 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 Novated lease is a three-way agreement. It works by asking your employer if they agree to make lease repayments on a car using their pre-tax salary. If they agree, you can take out the lease with a finance company (which may be chosen by your employer). From there, your employer will be responsible for making the lease repayments directly to the finance company on your behalf.

Types of Car Salary Sacrificing or Novated Leases

Typically, two types of Novated leases are available – fully maintained and non-maintained. It is up to your employer which kind of lease, if any, they are willing to agree to.

1. Fully maintained novated lease

If an employer offers this type of lease, the vehicle’s purchase price and running costs will be calculated into the repayments the employer takes out of your pre-tax salary.

For example, a finance company may provide you with a fuel card to use at particular petrol stations or get you to send them the bills for your registration or car servicing. When it comes to car insurance, depending on the finance company, they may arrange insurance through a provider or allow you to use the insurance of your choice.

2. Non-maintained a novated lease

In this type of lease, only the purchase price of the vehicle plus administration fees and interest are calculated into the lease repayments taken from your pre-tax income. It means you will be responsible for paying the vehicle’s running costs from your post-tax salary.

Pros and Cons of a Novated Lease

There are some pros and cons of a Novated Lease. While you may get tax benefits, be able to simplify your car payments, and can consider upgrading your car, you do not own the vehicle with a Novated Lease.

Pros

1. Possible tax benefits

According to the ATO, Novated lease repayments made through your pre-tax salary reduce taxable income. You can avoid paying GST on the vehicle’s purchase price when not buying it.

2. Consolidated payments

With a fully maintained Novated lease, your car expenses are simplified into a single regular deduction from your pre-tax salary, managed by your employer and the finance company. This means you do not have to produce a large upfront payment for the vehicle or juggle multiple car bills at various times throughout the year, which could make it easier to budget.

3. Opportunity to upgrade

You typically will have the option to trade in your vehicle at the end of the lease for a newer or different model without going to sell your old car.

Cons

1. You do not own the car

Under a Novated lease, you do not technically own the vehicle. This means you cannot make any alterations to it and cannot claim the car as your asset for other borrowing or financial purposes.

2. Residual value due at the end of the lease

The repayments for a Novated lease do not cover the whole car amount over the lease term. So, you need to pay the residual value owed at the end of the lease unless you either (1) renew the lease or (2) sell the car with the costs covered at the end of the lease term. Depending on both your lease term and the car’s original cost, the payable residual value could be significant.

3. You might be liable for the car if you lose or change your job

If you lose your job, you may be able to take your Novated lease with you to your new employer. However, if your new employer does not agree to this benefit or you do not move to a new job, you are the one who is liable for paying for the car. This means you must continue making repayments to the finance company or terminate the lease agreement altogether. You need to pay any early exit fees that may be charged, plus the vehicle’s residual value.

4. Administration fees and higher interest rates

Novated leases often come with administration fees that are calculated into your repayments. According to Cars Guide, your interest rate on a Novated lease may also be higher than those offered through a standard car loan.

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 traditional method of accounting dates to 1495 and was designed by an Italian monk. It is still the basis of most accounting programs but no longer suits today’s entrepreneurs. Below are the reasons why you should no longer work with the traditional accounting method.

1. Accounting is about your business

You want to know where you stand. Because this is the way you can make the right choice and know you have enough money in the account to pay taxes. Traditional accounting is not typically for entrepreneurs but accountants and unclear reporting.

2. The tax authorities don’t ask that much at all

You pay your taxes neatly, and the tax authorities want to know what you base your calculation on. The Tax and Customs Administration does not ask much. Simplified accounting is sufficient for companies with a turnover of up to $12 million annually (i.e., 85% of all companies). For this, you only need to register how much something costs and what part of that was the VAT. Add a copy of the invoice, and you’re finished. The Tax and Customs Administration does not ask for more. Yet, with the traditional accounting system, the accounting records of the smallest company are kept as if they were a multinational corporation. That is an unnecessary waste of time and money and certainly does not make it more transparent.

3. You don’t want to look in the ass of a cow

Entrepreneurship is about the here and now, not last month and not last year. Yet traditional accounting systems are entirely focused on the past. Financial statements are made months after the year-end close. Sometimes even longer than a year after the year-end closing. It makes them completely worthless.

4. The Tax and Customs Administration has only 12 cost items

Few entrepreneurs know that the tax authorities only work with 12 cost items for the tax return, while the traditional accounting system works with a standard of more than 800 cost items. What happens to all other cost items? These will be merged into the 12 tax authorities. So splitting is only reasonable if it gives your insight; otherwise, it’s wasted effort, time, and money.

5. The Chamber of Commerce has standard annual accounts

Traditional accountants quickly turn the yearly reports into a book with more than 20 pages. That looks very important but has no value at all, provided you enjoy reading it repeatedly. The Chamber of Commerce has a standard of the figures you must deposit. No more and no less. So, anything you do beyond the norm wastes time and money.

6. Do it once; do it right

It is an old slogan but has not yet penetrated the traditional accounting system. In the conventional accounting system, entries are continuously added throughout the year. All corrections happen at the end of the year, such as processing depreciation, private use, and converting the profit to reserves. It’s all a duplication of an outdated method. Another disadvantage is that accounting is always behind the times and does not accurately represent your company during the year.

7. Computers are there to automate

The traditional accounting method is challenging to automate, mainly because conventional accountants don’t want to because they want to protect their jobs and status. But computers are not stupid and have long been able to work around all the drawbacks of traditional bookkeeping. Smarter, faster, better, and more reliable than an accountant can do. So that your accounting meets all legal requirements, and you understand what it is about and with a minimum of work you must do.

So, nowadays, accounting can and should be done differently. With the new accounting method, ‘Entrepreneur Oriented Accounting,’ you as an entrepreneur are once again central. With this, you meet the requirements of the Tax Authorities, you understand your accounting yourself, you enter everything correctly and definitively in one go, and the reports provide you with real-time information. All reports, even the annual report, come from the accounting system at the touch of a button. Jortt invented Entrepreneur Focused Accounting, which is suitable for all companies, from freelancers to general partnerships, BV, and partnerships with a turnover of up to $12 million annually.

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 opening a hairdressing salon, the possession of a diploma is necessary. Then, to make the project a reality, you must draw up a business plan, find a place and fit it out, choose a legal status, carry out the creation formalities, and comply with the regulations applicable to hairdressing salons.

We inform you in this file of the main steps to follow to own a hairdressing salon:

Qualifications Needed to Open a Hair Salon

It is required that a man/woman present in the salon, whom the company may employ must hold one of the necessary diplomas and exercise effective and permanent control of the activity.

In practice, it is easier if the creator of the hair salon himself holds the appropriate diploma.

The Diploma Required to Open a Hair Salon

Opening a hairdressing salon requires holding:

• The professional hairdressing certificate,
• The master’s certificate in hairdressing,
• Or a diploma listed in the national directory of professional certification in the same field as the professional hairdressing patent and of an equal or higher level.

As we pointed out above, it is not necessarily the entrepreneur who must hold the diploma. Hiring more than one employee with the credentials required to open a hairdressing salon can meet this accountability.

Regulations Applicable to Hair Salons

Opening a hairdressing salon requires compliance with complex regulations. It will be necessary to be adequately informed and implement the applicable laws.

For your hairdressing services, you are free to charge the prices you want. Prices, including VAT, must be displayed, clearly visible, and understandable inside and outside the show. Invoices given to customers must include the fees excluding tax and tax for the services.

Then, the hairdressing salon being an establishment open to the public (ERP), it is necessary to comply with all the standards in force, particularly regarding safety and the fight against fire. In addition, the lounge must be maintained and laid out to ensure the safety and health of employees. On this subject, we advise you to follow this link: rules ERP Service-Public.fr.

In addition, all applicable hygiene and environmental rules must also be complied with. We advise contacting the Trades Chamber of Trades and Crafts for more information.

The Financial Forecast for Opening a Hair Salon

It is necessary to make a forecast to financially study your project to open up the hairdressing salon, mainly to ensure its profitability and reliability.

To achieve your projected accounts, you must estimate and budget the turnover you plan to achieve the investments necessary to open your hairdressing salon.

We recommend you consult the many publications in our financial forecasts file.

When the project of opening a hairdressing salon is carried out by joining a brand, it is possible to gain financial information from the network to help you build your economic forecast.

Choosing the Location to Open a Hair Salon

To open a hairdressing salon, suitable and well-placed commercial premises are necessary. Traffic places, such as city centers and commercial areas, are preferred. The location is decisive for the opening of the show.

Generally, the commercial premises that will serve as a place of activity are subject to a nine-year commercial lease. It is, therefore, necessary to take all the essential precautions before validating the choice of commercial premises.

Which Legal Status Should You Choose to Open a Hair Salon?

The auto-entrepreneur status and the micro-enterprise are not perfect solutions for opening up the hairdressing salon project because deducting the charges from the taxable profit will be impossible. This point is problematic given the considerable expenses expected to operate a hairdressing salon.

You can carry out the work of the hairdressing salon in your name or by opting for the EIRL, which makes it possible to secure your assets and to have the possibility of opting for taxation of profits at the ‘Corporation tax.

What Tax Applies to Hair Salons?

The taxation of profits

The profits made with a hairdressing salon constitute industrial and commercial profits (BIC), taxable, depending on the legal status retained. The tax options are chosen directly in the name of the entrepreneur to the IRPP or the company name to the corporation tax.

VAT and other business taxes

In terms of VAT, the activities of a hairdressing salon are subject to the standard VAT rate. Products sold in hairdressing salons are subject to their VAT rates. When products are used during hairdressing services, they may be included in the amount of the service and taxable at the rate.

When creating the company, it is necessary to choose a VAT regime, and several choices are possible (VAT exemption, simplified real, everyday real). You must enter the preferred choice directly on the business creation form.

The Formalities of Creation to Open a Hair Salon

The business creator who opens a hairdressing salon has craftsman quality; he must register in the directory of trades. When the hairdressing salon operates as a commercial company, the company must also register in the trade and companies register.

The creation formalities will be carried out depending on the selected legal status. Depending on your choice, we invite you to consult one of the following files:

• The creation of a sole proprietorship
• The creation of an EIRL
• The creation of a EURL or the creation of a SARL
• The creation of a SASU or the creation of a SAS

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.

In Opening a Recreational Dispensary or Cannabis shop, we have a lot of things to do, like market research, registering licenses, hiring, publishing, store placement, and marketing. And the biggest challenge of any new cannabis dispensary is compliance. So, here are some steps on how to open a dispensary. Let’s start!

 Business Plan

Market research

Pharmacies are a hot issue, also for non-smokers. In some states, legalizing recreational and medical marijuana opened a booming retail industry. So, get to know your market and determine the demographics and psychographics of your customers.

Budget draft

Another vital part of your business plan is a concise and transparent budget, including:

• License application fee
• License fee
• Rental Costs
• Cost of the product acquisition
• Product transportation and storage
• Employee salary
• Security

Understand the Law and Apply the Law

We recommend reading to find out how to open a marijuana dispensary legally:

• Cole’s Memorandum
• National Assembly of the State Legislative Body
• Medical Marijuana Facilities Licensing Act (if you are in Michigan)
• Proposition 215 and Proposition 420 (if you are in California)
• Tax regulations for cannabis pharmacies

Tax regulations for cannabis pharmacies

 Tax Code 280E should refer to deducting tax from sales and profits. Recreational marijuana tax at a net effective rate of 35–45%, which includes:

• Retail taxes: 15%
• Cultivation taxes: $2.75 per ounce dry weight and $9.25 per ounce dry weight for cannabis flowers

Business Registration

Choose the business type

Regarding the business type, you can choose to register one of the following:

• Sole Proprietorship
• Limited liability Company
• Limited Guild
• General partnership
• Limited Liability Partnership
• Company

Apply for the registration of business 

The City may require additional documentation to compare you to other applicants. Therefore, you should emphasize your experience, industry knowledge, readiness, funding, and social awareness in your business plan.

Get a License

You can apply for a vertically integrated micro business license; there is no need to apply for any license if you have fewer than ten employees. Otherwise, you will need a separate license to perform growth, manufacturing, distribution, or testing activities.

Retail marijuana license application process

Everyone involved in the cannabis industry will be background-checked and licensed. It covers work such as:

• Farmer
• Preparation
• Transport
• Processor
• Laboratory test
• Drugstore
• Medical marijuana facility
• Event organizer

Registration and license fees 

The overview of some of the additional costs you may incur as legal fees for owning a cannabis dispensary:

• Initial license fee: $1,000
• Approval fee: $5,000—$30,000
• License and review: $0—$30,000
• Annual fee: $4,000—$72,000

Fill in the license application

Fill out the license application before opening a recreational dispensary.

Save the Layout Model

The four most popular dispensary layout models

The first challenge is to balance your safe stock with a visual merchandising layout, which includes the following four popular dispensary layouts:

• Bank model
• Dispensary model
• Mobile model
• Kiosk mode

Remember, not everyone supports marijuana. Therefore, an increase in vehicular and pedestrian traffic can cause complaints. So, having a safe place to park your car is a better experience for your customers.

Rent the Property

Land funds for retail marijuana are limited to urban areas. Therefore, this amount will increase your costs even more. In addition, you must submit an environmental impact analysis if you do chemical processing or farming on your premises.

Get permission from the City

Once you’ve found a suitable building or land, you’ll need a city permit to build and run your business. Signing up for one of these program locations will receive a discount on your distribution license and renewal fees.

Stock

You may consider integrating technology into your cannabis store operations, including:

Product inventory

Before bringing your marijuana inventory to the store, you must receive and create an inventory. The supplier usually makes these manifests with the exact requirements, whether the supplier is another company or your own. Finally, you state in your seed-to-sale software to verify that you legally own this inventory. The product details include the following:

• Harvest
• Unit of measure
• Heavy
• Cost

POS system

 When your employees sell products, your inventory decreases, POS can synchronize the following data and information from the seed-to-sale system via API:

• Type of customer or patient for medical marijuana card
• Patient identity
• Transaction meter package
• Trading date and time
• Price
• Size
• Units sold

Other equipment

• Printer
• Payment terminal
• Network connection
• Computer

Retail Store Opening and Closing Checklist

With a new cannabis shop, you must spend 3-5 hours daily managing and checking inventory, especially during the first year. You already own the property and license. Now it’s time to organize the retail store opening and closing checklist. Develop processes to ensure reviews are conducted in the same way every day. 

Hire qualified dispensary employees

The success of recreational and medical marijuana retail stores depends on your staff to generate revenue in the first few months after the dispensary opens. Make sure you have good employees and prevent change.

Divide into appropriate roles

• General Manager
• Compliance manager
• Receptionist or welcoming guests
• Security
• Sales partner or budtender
• Inventory manager
• Vendor or purchasing manager

Marketing

Choose a marketing method

Your targeted market will determine your marketing choices. There are a few things it takes to market a new dispensary. However, be aware of a few limitations:

• Do not place any billboards within 15 miles of the state border on the Interstate.
• Don’t show minors in your ad.
• Do not use any images, such as cartoon characters, to attract children’s attention.
• It would help if you marketed for newly opened pharmacies through social media accounts like Instagram. Some ad limitations you need to know:
• Make sure your audience is over 21 years old.
• Don’t make free stuff, including buy one, get one free (BOGO) and contests.

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.

When it comes to managing a team, the terms “leadership” and “management“ are often thrown around interchangeably. But the truth is, they represent two distinct approaches to team management. Leadership is all about inspiring and guiding a team toward a shared vision, while management involves planning, organizing, and controlling resources to reach specific goals. By understanding the nuances of each style, you can tailor your approach to serve your team’s needs better and achieve success. Combining the two creates a powerful and balanced management style that will drive your team to new heights.

Differences in Style of the Method of Team Management Between a Leader and a Manager

1. Managers guide employees’ jobs and tasks, motivating them to do their most OK jobs and functions. Managers are answerable for conveying instructions, organizing workloads and flows, allocating tasks to team members, finding and managing results, and confirming that work is complete. As employees progressively seek development, flexibility, and self-confidence, leaders emphasize maximizing people and using their skills and talents to achieve results. Employees follow managers based on job descriptions and titles but actively follow leaders, visions, and encouragement. Managers ensure that systems and structures are adhered to, and managers take care of employees to get things done through faith and empowerment.
2. The manager’s primary responsibility is to achieve the company’s goals so that the manager can succeed according to the organization’s protocols and channels. Managers may focus on employee motivation and look for new means to achieve something within the outline of an organization and team. Managers tend to focus on the process and the status quo. Managers focus on short-term goals but are always proactive in making changes. Leaders are always innovative and strive to develop new, well-organized ways to do things. Like the above, leaders look for new and different methods to get the job done. Inspire visionary persons and teams to question current processes and focus on continuous improvement for tremendous success and efficiency.
3. Managers are attentive to those tasks, goals, and revenue because they confirm that the specified studies are performed and the goals are achieved. It is about meeting prospects and fulfilling the purposes and missions set by the organization. Leaders empower employees and lay the foundation for the future, plan new developments, incorporate employee responses and ideas into plans, and consider investments to increase future profitability. Doing so will help you achieve this.
4. Managers share visions or goals. Executives sell it to people and take them on a trip. When managers connect plans and strategy particulars and assign tasks, leaders have a general direction to increase enthusiasm, get stakeholder approval, and allow teams to move forward together. Managers focus on managing work and performance. Managers focus on people and guide them to achieve their overall goals. Manager roles and approaches can be considered more transactional because they tell employees what they need to accomplish and guess them to complete their assigned tasks. Leaders are more strategic and believe people use their initiatives and expertise to reach and move forward, making the most of themselves.
5. Managers have official team members and assistants: If you follow a leader, you do not have to report it to the leader. The manager ensures the job is completed and has authority based on his role and job title. You must focus on more direct and tactical activities to complete the task. Leaders do not essentially have official authority and are founded on their contact and actions; people follow them and strive for what they want to achieve. Managers have a transaction style and approach to roles, but leaders are more transformative. Concentrating leaders on change shapes culture rather than forcing it, driving passion and vigor. It means changing employee roles, performance, and the entire team’s success. It’s about reaching out to the people around you and unleashing the possibility of your team. Managers minimize risk, and executives can be considered risk-takers. It does not mean that the leader broke the rules. It’s about stretching yourself and your team to potentially get great rewards and results and doing the right thing for your overall goals. Instead, it is about seizing opportunities and overcoming problems to turn them into good benefits.

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. Google Analytics

Creating a Google Analytics account allows you to analyze your website’s performance. Inserting a Javascript code on each page, you have a report with relevant information for future actions.

Some of the data available are the number of views, most accessed pages, browsing time, and search volume.

2. Facebook Insights

Suppose you’re in the middle of the buyer persona mapping process or are struggling to reach the right people through your digital marketing campaigns. In that case, Facebook Audience Insights could be the solution.

You can access this free tool from within Facebook itself. With it, you gain a deeper understanding of your audience, and, in this way, you will create more relevant content for followers.

3. SEMRush

SEMRush is an excellent tool for innovative content optimizations. It assesses your site’s performance, highlighting flaws and keyword positions, but it can also be used while writing an article.

4. Ubersuggest

Neil Patel, a well-known marketing specialist, designed the Ubersuggest website. Enter a term, and the tool will provide similar word recommendations and article ideas.

5. Moz

A tool like Moz is recommended if you want to get a good position on SERPs. Moz is a platform that does complete SEO analysis of web pages. It provides information about your site’s performance in search engines, identifying flaws and suggesting improvements.

6. Google Keyword Planner

Google Keyword Planner (or Google Keyword Planner) is the keyword planner provided by Google. It is more keyword-oriented for paid media but also helps create organic website content.

7. Google Search Console

You may examine your website’s performance on Google searches using Google Search Console (previously known as Webmaster Tools). Search traffic, frequency of Google searches, and the number of clicks may all be acquired.

In this tool, you can also identify indexing issues and re-index content that have been updated.

10. Help a Reporter Out (HARO)

This website is highly beneficial to anyone looking to earn high-quality backlinks. Above all, it links you with journalists and assists you in networking to appear on news sites and press sources. It is, however, a paid tool.

11. Linkstant

You will receive a notification from Linkstant whenever your site is mentioned from another location. In this manner, you’ll be aware of all the backlinks you’re receiving, allowing you to assess the relevancy and breadth of your content.

12. Page Speed Insight

Page Speed Insight is a tool belonging to its developer sector that loads speed on mobile and desktops. To do this, it creates a report that rates your site from 0 to 100, with 100 being the excellent score and 0 being the worst.

13. Web Page Analyzer

Web Page Analyzer is also a great option for websites that test their speed. It evaluates each object’s page performance, requests made, and download time.

Furthermore, he also recommends some actions for you to take to improve your website optimization in every way.

14. GTmetrix

This tool makes a complete analysis of your page’s performance. The double speed assessment’s big difference is it uses criteria defined by Google’s Page Speed Insight and YSlow, a Yahoo tool.

The page has a score according to the tools and shows recommendations for what to do to improve. Furthermore, it is possible to identify the loading time, and if you wish, you can pay for a service with more features.

15. Pingdom Website Speed Test

The Pingdom tool evaluates the performance of a page from various locations. It also shows the load time, performance score, and the number of requests made.

In addition, the Pingdom report presents everything about the response codes found in the analysis. These HTTP status codes identify routing, requests, and other server errors.

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 part-time job is any activity aimed at generating additional income in addition to a full-time job.”

However, it is wrong to characterize a side job as a side job. Essentially, the main difference between a part-time job and a part-time job is who makes the decisions and is responsible. The following table presents a few key differences between part-time and part-time work.

A side hustle allows you to determine how much time and energy you want to devote to your extra work. In a part-time job, all these decisions are made by your employer.

Another characteristic of a side hustle is the delay in your cash flow.

Cash Flow Delay

Hourly pay: Some side of the fuss is trading time for money. After a certain period – usually a week or a month – you send the client an invoice indicating the number of hours worked. The customer puts your invoice in their Accounts Payable queue, and after 30 days or more, you will receive a check. Of course, freelance sites like Upwork, Total, and Freelancer can cut the time it takes to get paid less than one week by doing bank-to-bank transfers.

Fixed Price: Some third parties are committed to providing a series of milestones. As with hourly billing, your invoice is placed in the customer’s A/P queue, and you’ll have to wait to get paid.

Delayed Compensation: Compensation for some side efforts may not be based on upfront effort but on results. For example, suppose you invest time and resources into developing a product, such as a software application, intending to sell it to customers. In that case, you expect your efforts to be rewarded once you sell it. You are investing to earn an indefinite income in the future. With deferred compensation, you’re taking on the added risk that you won’t be able to sell your product or that you could sell thousands for essentially the same effort.

Deferred compensation has the extra benefit of creating passive income long after completing the work.

Cash Flow Quadrants

 An author of Rich Dad Poor Dad, Robert Kiyosaki, defines the “Cash Flow Quadrant,” which I believe helps provide a framework for understanding the four types of side hustle.

Freelancer Side Hustle (Self-Employed)

Working as a freelancer lets you monetize your knowledge and enter the self-employed (S) cash flow quadrant. You use your professional skills and trade time for money as a freelancer. Freelancers are usually paid by the hour or a fixed price per result. If you keep working, you get paid.

Freelance side work doesn’t inherently scale. However, it doesn’t carry many risks of not getting paid for your efforts. As a rule, although delayed, your actions and the time you get paid are closely related. Because it’s only you, you don’t have the opportunity to use your efforts. In addition, a freelance side job does not require a lot of startup capital to get started.

 

Side Hustle Solopreneur (Business Owner)

The self-employed third-party Hustle differs from a freelancer in that some or all your income appears from the right side of the cash flow quadrant and is considered passive income because you don’t have to do actual work to get paid. Sole Proprietorship illustrates the Business Owner (B) in Robert Kiyosaki’s Cash Flow Quadrant.

The Solopreneur side hustle is more likely to require a little more capital to launch and scale than the freelance side hustle to have enough money to pay employees and subcontractors, maintain inventory and supplies, or invest in R&D while building products.

Side Hustle Angel (Investor)

To build a more diversified portfolio of passive income sources, you must analyze trading your time, skills, and money for shares in someone else’s startup. The essence of the angelic Hustle is investing time and money in building a diversified income-stream portfolio. For Hustle Angels, income comes from the right side of the cash flow quadrant and is considered passive income. Angelic Hustle represents the Investor (I) in Robert Kiyosaki’s cash flow quadrant. There are two types of angelic fuss – advisors and investors.

Angel Advisor

As an angel consultant, you are performing due diligence on a particular business, and, based on their ability to succeed, you may apply your knowledge, skills, and contacts in exchange for a share in the industry or future royalty payments. Angel consultants invest their time, not money, to build equity in a business they don’t personally manage.

Angel consultants are likelier to invest in service businesses with a limited chance of a successful exit. Angel consultants are betting on building a portfolio of the companies that will pay those dividends, payouts, or royalties long after their efforts have been completed.

Therefore, to be a successful angel consultant, you must potentially fund your efforts for several years before seeing any results.

Angel Investors

Like an angel advisor, angel investors perform due diligence on a specific business. Based on their ability to succeed, business angels agree to invest capital in the company and apply some of their knowledge, skills, and contacts to guide the business owner to increase their chances of success. Since capital investments are made in the early stages of business development, business owners are forced to cede significant shares in the capital to business angels due to the high level of risk. Getting money and support from a business angel is often called smart money.

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.

Consider a lot when starting your own business. In this, you will find the ten most important steps. You can perform some of these steps simultaneously.

1. Explore your possibilities and test your qualities

You want to become an entrepreneur. But what kind of business do you want to start? Do you want to create your own shop? What are you going to sell? What services will you provide? And is entrepreneurship something for you? See the possibilities for the future company, write a business plan, and test your entrepreneurial qualities. It will give you an impression of whether starting your own business is feasible.

2. Explore the market and find out your strategy

Starting your own business requires time and research. Find out what makes you better or different from your competitors and determine how you market your product or service. What makes your own business different? How can you distinguish yourself? Who do your customers want? Do market research and find out your strategy for the coming years.

3. Financial planning

You need money to get your business off the ground. With a financial plan, you map out how much you need and where you get it. You also gain insight into your company’s opportunities. This way, you can estimate in advance whether starting a business is profitable for you.

Also, read the Money Book for Entrepreneurs with practical tips for managing your finances.

4. Come up with a unique name for the company

It would help to have the company’s name for your Chamber of Commerce registration. A good company name is recognizable. It sticks and makes clear what you have to offer. Check whether your company name does not yet exist.

5. Choose a legal form

Before you start your own company, you need a legal form. The legal document that suits the decision-making tool of a company indicates the legal structure that fits the situation. Above all, the legal form determines your liability, the amount of tax you must pay, and whether you receive tax benefits.

6. Make sure your administration meets the requirements

Set up and maintain an administration. There are probably better things out there. As an entrepreneur, you are legally obliged to do so. Therefore, make sure that your administrator meets the requirements. For example, you must indicate how much tax you must pay and how much VAT you receive.

7. Arrange general terms and conditions and insurance

Starting a business also means taking risks. Map out your business risks and cover them as well as possible. For example, liability insurance and disability insurance. And with general terms and conditions, you immediately clarify what rights and obligations you and your customers have on both sides.

8. Meet all legal demand

 As an entrepreneur, you sometimes also must meet specific professional requirements. You may also have to deal with essentials for your commercial space. For example, if you have a home business, Is that allowed according to the zoning plan? Can you locate your business anywhere? Do you have a separate business premise? Is it fire-safe, meets the environmental requirements, and knows which waste you must separate? Your municipality can help you find out the laws and regulations.

9. Register your company name at the Chamber of commerce

Ready for the official launch of your business? Then, you must register your company in the Trade Register of the Chamber of Commerce. The Chamber of Commerce will pass on your details to the Tax Authorities. You do not have to register your company separately with the tax authorities. If the Tax and Customs Administration records you as a VAT entrepreneur, you will receive your turnover tax number and your VAT identification number (VAT ID)

10. Look for customers

How do you get customers? Many entrepreneurs find customers through their networks. See how to make more sales. Check out which events and meetings are in your region and visit network meetings. Always remain alert to fraud and deception.

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 company’s current financial dashboard must evaluate daily commercial activities regularly. Financial dashboards are sure to assist organizations in getting back on track. It is among the most crucial aspects of any company. Companies can invest in a competent financial management plan in various ways to guarantee they follow strong inventory management industry standards.

Financial management is essential in managing inventory, manufacturing, customer relations, and all other aspects of a company’s operations. It’s all about having the correct products accessible for sale regarding inventory control. Inventory control in real-time might help to streamline the entire process.

Companies can use dashboards to deliver the appropriate product at the right time. It prevents out-of-stock goods and funds from being linked to surplus inventories. Furthermore, inventory management assists your company in ensuring that all items are marketed on time to avoid spoiling. It also resulted in the saving of vast amounts of money.

Benefits of Financial Dashboards

The Financial Dashboard details the net income, including revenues, and other key performance indicators. The operating income, net profit margin, operational cost ratio, and gross profit margin are displayed on each dashboard.

Revenue is calculated when determining the selling price by computing the overall cost of items sold, excluding information such as other taxes and expenses. Dashboards enable firms to track certain operational expenditures regularly on an accrual basis.

Including EBIT or EBIT is one of the most important metrics for these dashboards. Before interest is determined, the dashboard considers all fees and taxes; necessary taxes are added to the total cost to estimate net income.

Dashboard Gross Margin

The gross profit of any firm is crucial in establishing the percentage of total sales and revenue that remains after all actual expenses of goods and services have been deducted. Gross profit can assess how much a company is investing, how much this would spend on research and development, and how effectively this can add to profits.

3 of The Most Significant Financial Dashboards for Your Company

Entrepreneurs are generally preoccupied with day-to-day operations and may lack time to manage their funds. Many financial dashboards are available to assist business owners in properly managing their money. Most dashboards include color graphs and easy-to-read charts. Because they cannot afford to engage a professional accountant to manage their firm finances, the most effective approach for startups is to use an online dashboard to assist them in keeping track of their cash.

Here are a few business dashboards that might help you figure out how to manage your company’s finances.

InDinero

InDinero first opened its doors in 2010. It created this financial dashboard with startups in mind. InDinero analyzes all business transactions, credit card information, and other financial data from your banking history. Business owners don’t need to spend hours entering data. Save your bank and banking details, and activities will be automatically classified. The following are some examples of transactions:

• To promote
• Payroll
• Food and drink
• Another monthly expense
• Accounting report
• Promises a tree

BodeTree

BodeTree is a financial dashboard developed in collaboration with Intuit, the company behind QuickBooks. BodeTree uses QuickBooks for accountancy to analyze financial data differently from others. It’ll need to be linked to a QuickBooks account. Once established, the link classifies and summarizes all operations’ activities and costs.

The BodeTree toolbar is named after the fabled Bodhi tree, which is said to be where the Buddha obtained nirvana. Similarly, the dashboards can calculate company standards based on transaction histories and charges using algorithms.

In 2005, Corelytics introduced its Financial Dashboard. This dashboard functions by importing all the company’s financial data. For financial dashboards, it takes data from various accounting packages, including Sage, PeachTree, MYOB, and QuickBooks, among others. Celtics will begin by classifying each statistic after collecting all the data from each accounting platform. You can track each transaction once these metrics have been created. Here are some indicators:

• Owner Compensation
• Benefits
• Conduct
• Gross Profit
• Income
• Debt on Accounts

You can define targets for each of the above KPIs using financial dashboards. Each parameter is highlighted in a distinct color on the Corelytics financial dashboard. When each metric does not match business criteria, it is indicated by a different color. One of the most valuable dashboards for any organization is this financial dashboard. It includes a mobile app that allows business owners to track activity while on the road and improve invoicing. It also took up the prize for Best Dashboard Showcase.

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.