Financing the purchase of a car can be a dilemma. Many potential buyers of vehicles doubt which method is best when they want to purchase a car. Sometimes, sellers seek to take advantage of this question more than help solve it.

It may seem counter-intuitive, but the parties with the biggest interest in financing a car purchase are the dealers and the automotive houses. It would be logical that dealers would be pleased if all customers could pay the total amount without delay. But in many cases, the opposite is true.

As the sales volume has increased, sellers and dealers began offering their credit plans. As a result, customers can end up paying more than initially agreed. The total amount the customer pays can be substantially increased and derived from commissions, interests, or additional services acquired.

Financing Advantages

The main advantage of financing the purchase of a car is that it is unnecessary to have the total value of the property available at the time of sale. However, other conditions, such as interest payment, can impact that advantage.

For those who have decided to purchase a car on credit, having the options offered by the dealers can represent a significant benefit. Unlike securing financing from banks and other financial institutions, the financing procedures at dealerships are much quicker and simpler. Risk analysts in car sales work within flexible criteria when approving applications. Clients with a credit history that is not clean and who would not typically receive loans from a bank are reviewed and often approved. Additionally, many companies that sell vehicles will accept a used car as payment. This is a practical solution for those who do not have a large budget.

Financing Disadvantages

If you have the available liquidity for a cash investment, financing a car’s purchase should not be an option. Many of the ‘advantages’ offered when agreeing to purchase a car in installments end up far from adding benefits to buyers, including:

• Rebates of up to $ 1,500 are used to finance the purchase; however, at the end of the repayment process, the client pays interest that equals the discount plus more.
• An advantage of dealer financing is the option to enjoy after-sales services. However, no seller will directly admit there will be a cost unless the buyer requires a written proposal.
• Each monthly payment includes expenses like routine maintenance of the vehicle. The same applies to the ‘included’ insurance policies and other ‘advantages’ like replacing damaged parts, crane service 24 hours a day, or fines management.

Depreciation

A key factor must be considered when evaluating whether to finance the purchase of a car: depreciation. Whoever parks a car just outside the dealership in his garage should know that his new vehicle has already lost at least 10% of its value.

Within three years of leaving the dealership, a car’s value will have decreased by at least 30%. During this time, the fixed monthly payments must be paid until the end of the contract and will not be adjusted to the new value.

Final Recommendation

Those who choose to finance the purchase of a car should take some basic precautions to avoid unnecessary surprises:

1. Read in detail the contract that is going to be assumed.
2. It is always a good idea to seek advice from specialists in the field, whether with a dealer or a financial institution.
3. You should not secure financing without the ability to comply.

An excellent way to calculate this is that monthly fixed fees cannot exceed 20% of the family budget.

Conclusion 

In conclusion, financing a car purchase presents advantages and disadvantages that buyers should consider carefully before deciding. While financing offers the benefit of not requiring the vehicle’s total value upfront, it can result in higher overall costs due to interest payments and additional services. Dealership financing may provide quicker approval processes and flexibility for individuals with less-than-perfect credit histories, but buyers should be cautious of hidden costs and inflated prices.

Moreover, the depreciation of a vehicle should be factored into the decision-making process, as it can significantly impact the vehicle’s value over time. To mitigate risks and ensure a favorable outcome, buyers should thoroughly review contracts, seek expert advice, and only commit to financing arrangements within their means. By exercising prudence and diligence, individuals can navigate the complexities of car financing and make informed choices that align with their financial goals and circumstances.

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

If done right, digitization can turn a company into a high-performing and customer-centric organization. Chances are, you have not expected the result until you start digitizing your business. Or, in other ways, you might not see the results as quickly as expected. Either way, you must step back and start adjusting your approach. Remember that there is one thing: digitizing your business will benefit you greatly if you do it right.

Going digital is not hype; it is a top business priority, yet digitization attempts fail due to an incorrect approach. Most companies fail to go past the experimentation stage, with only a handful reporting success in their progress.

Here, we will share some insights to quickly drive innovation and digitization in your organization.

Transform Through Training

There is always talk about digital assistants and robots taking over our jobs, but that is not the case. Successful digitization and innovative transformation will not only impact low- and high-end jobs but will also help create opportunities for more. Those who are digital natives have no problem, but the ones new to the approach need skill training to perform well.

An organization needs a strategy for cybersecurity, artificial intelligence, and more during digitization and digital transformation. All these areas of digital transformation require skill training to manage appropriately. You must possess a current talent base to implement these technologies and completely change the game.

Set Digital Protocols

Planning is the core of everything that takes place in digital transformation. It is vital to understand the impacts digital innovations will create and set the protocols accordingly. Setting proper protocols prevents you from implementing the wrong or ineffective programs that lead to negative responses from clients. The market has become competitive due to many companies rushing towards digitization. Your launch should exemplify your strengths; for that, you must set planned protocols.

Start the digitization process by determining the changes and how they will link. If your organization focuses heavily on documentation, you need programs supporting your editing and storage of documents. It would help if you determined whether the programs you implement will support the business or not. Planning and setting protocols will help you achieve just that.

Incorporate Cloud-based Technologies

Developing cloud-based technologies in the digitization plan includes critical aspects like Customer Relationship Management (CRM) programs or Knowledge Management Systems (KMS). The Purpose of both these programs is to provide a centralized location for managing selected information. Based on the services offered by the company, you may consider implementing cloud-based services according to your offerings.

If you are an organization related to medical procedures, finances, or insurance, you need technologies that deliver documents straight to clients. Cloud technologies will cut the processes short and give you ways to integrate with clients fully.

Couple Digital Tools with a Talent

Digitization will never work if people have no idea how to handle that change. Your approach depends on people with strong digital skills to guide the transformation and choose easy-to-implement and use tools. Ultimately, you want to select a culture with digital awareness and skills. The answer is to get a team of people with skills and hire new people based on their abilities. Your goal here is to strengthen your digital capabilities.

Focus Your Efforts 

Digitization can turn every area of an organization, including sales, marketing, and production. While ensuring that digitization happens in all areas is essential, it does not mean you must implement everything simultaneously. As part of your digital transformation strategy, you need to identify the areas that will benefit more than balance to make quick changes to the site. It will help shape your thinking about going forward with the process. It will help you shape your entire change process and guide your investments according to the infrastructure to support.

Review Customer Feedback

Regularly review the customer feedback to ensure that the changes you implement have the impact you expected. In the end, the efforts you have are for the better of your clients and your business. Hence, regular feedback reviews by clients will help you identify the areas of improvement and set the changes according to the demands.

Final Word

Bringing innovation and digitization into an organization is difficult, but you can implement it quickly with the right plan and resources. Take these ideas, as mentioned above, into consideration and ensure that you digitize them in the right way and with the proper protocols.   

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 irony of the recruitment process lies in the contrast between what employers list as requirements in job advertisements and what they seek during interviews. While job ads often outline specific experience and certifications, interviews focus on traits like self-management and accountability. It’s during these interviews that candidates have the opportunity to showcase their genuine qualities through their responses and questions. Here are some key points on embodying the traits employers seek in an ideal employee.

Reflect on Your Journey

From the moment of your birth, you’ve been traversing a unique path. I invite you to illuminate your narrative, shedding light on how you’ve passionately pursued your interests or ambitions to arrive at your present juncture. Furthermore, could you articulate your vision for the path ahead?

Understanding One’s Career Aspirations

Employers today seek ‘self-directed’ individuals ready to advocate for their goals and make decisive choices. I recently encountered a new student who expressed, “I aspire to launch my own business in the future, albeit a few years later. In the interim, I aim to immerse myself in comprehending the intricacies of corporate operations.” Is it acceptable to express such ambitions in a job interview?

“Absolutely,” I affirmed. “It’s encouraged! Forward-thinking managers value ambition. Demonstrating a clear career trajectory showcases your commitment and proactive mindset. It’s far preferable to employers than someone merely seeking a paycheck. Remember, attentiveness and dedication to understanding any organization you engage with will always serve you well.”

Can Point to Success at Work or Elsewhere

When prompted with the question, “Could you share a story of a victorious moment?” it’s essential to recall instances where you’ve excelled. Success doesn’t always entail scaling mountains or winning Olympic gold; it encompasses meaningful achievements in various facets of life. These tales could narrate how you saved the day at work, made a significant impact in a volunteer capacity, or even contributed positively to your home environment. The key is highlighting moments where your efforts made a tangible difference, regardless of the scale or setting.

Know Their Strengths

Employers seek candidates who possess self-awareness regarding their strengths rather than merely listing them. For instance, instead of stating, “I am proficient in Excel,” you could express, “I have a genuine passion for Excel, particularly in imparting knowledge to others on its key functionalities, such as crafting nested macros and generating detailed reports. I find fulfillment in sharing my expertise and facilitating others’ mastery of this valuable tool.” This approach highlights your proficiency and showcases your enthusiasm and willingness to contribute to team development.

Think Independently

Some employers may prefer employees who don’t challenge the status quo, but don’t let that deter you. Forward-thinking leaders value individuals who can think independently and bring fresh perspectives. Instead of conforming to conventional responses during interviews, seize the opportunity to express your unique viewpoints and insights. Employers constantly need innovative thinkers who can contribute to brainstorming sessions and problem-solving endeavors. Embrace your intelligence and individuality; it could be the distinguishing factor that sets you apart in the eyes of discerning employers.

Like to Solve Problems

Problem-solving is a universal skill; we’ve all encountered challenges in various aspects of our lives. In every facet of life, we encounter challenges that demand resolution. One such instance I faced involved overhauling our inventory management system at work. Faced with persistent inefficiencies, I spearheaded the implementation of a novel approach inspired by lean manufacturing principles. Through collaborative brainstorming and innovative thinking, we devised a streamlined process incorporating visual cues and standardized procedures.

The result? A marked reduction in errors and processing time, showcasing the power of creative problem-solving. Sharing such anecdotes in job interviews highlights one’s ability to navigate complex situations and underscores the value of initiative and outside-the-box thinking, qualities highly sought after by employers.

Ambition

Having ambition signifies a drive to enhance and enrich one’s life. Whether it involves propelling a company forward, embarking on entrepreneurial ventures, or pursuing alternative paths off the beaten track, ambition propels individuals toward growth and innovation. Forward-thinking entrepreneurs actively seek candidates who exhibit ambition, recognizing their potential to drive progress and seize opportunities for advancement.

Eager to Learn New Things

In workplaces, encountering individuals resistant to learning new concepts isn’t uncommon. However, it’s crucial to adopt an attitude of eagerness when presented with growth opportunities. Instead of resisting change, embrace the chance to expand your knowledge and skill set. Managers often prioritize candidates who exhibit a proactive approach to learning, such as engaging in reading or online courses during their free time. Demonstrating a genuine enthusiasm for acquiring new knowledge enhances your professional development and positions you as a valuable asset to any team.

Bottom Line

In essence, employers seek individuals committed to driving organizational productivity and performance while demonstrating a desire for long-term engagement.

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.

What is the best auto insurer? And what is the insurance that I should hire? For all car owners, these are crucial questions when protecting an investment as necessary as purchasing a car. The truth is that the answer is ambiguous: it depends. Why? The insurer and the auto insurance you decide on will depend on your needs, budget, and the factors that differentiate each insurance: monthly premium, coverage, deductible, assistance and benefits, and exclusions.

The insurance industry is advancing quickly, so you must be up to date-for smooth business operations. In this way, insurance companies can maintain their professional proceedings by giving a competitive edge. Let’s learn about the auto insurers with the tricks to select the better one. 

There is a Multitude of Companies That Offer Auto Insurance

Before choosing an insurer, verifying that the insurance company has legal backing is crucial. It is also good to listen to recommendations and experiences from our environment. We must search the Internet to see if there are claims against the insurer and how serious they are. Another point is that the executives are always willing to listen and resolve our doubts. If they do not do it initially, it will seldom result when we are in the middle of a problem.

Top Considerations While Selecting the Best Car Insurance Companies

Suppose you are considering selecting car insurance based on cost alone. In that case, You must consider coverage and discounts, the easiest way of account management, and the level of client satisfaction due to their claims experience. Also, it would help if you focused on the company’s financial status. 

Financial Power

Consider this factor while selecting car insurance as the essential factor. You will need to pay money while filing a claim. The condition will apply when your company’s financial situation is weak. It isn’t a headache for those insurers who have experienced it for decades. Measure your company’s economic power by A.M. Best Poor’s and Moody’s. Also, verify that your company will stay financially solvent for upcoming years. 

Coverage 

With wide-ranging coverage and collision, auto insurance companies provide at least less liability coverage in your country. The payment will aim to repair your vehicle for minor and major accidents. There are different add-ons that multiple car insurers provide, such as personalized vehicle coverage, ridesharing, and pet injuries. Only will we need to decide on the required coverage options. But it would be best if you gave a higher value to those companies. Make sure all offered choices must appeal to a driver’s diverse group. 

Tools on the Internet

In this digital era, everyone can easily control and manage their auto insurance policies online or via mobile app. There is no need to bother with phone calls from insurers and documentation while filing a claim and updating the policy. The usage of online tools allows you to make changes. Then, you can submit claim information through the Internet at your convenience.

Insurance companies’ online websites and other insurance resources help you learn further about their offers and select the right coverage options. 

Best Car Insurers 2024: Precautions and Warnings

The Superintendence of Securities and Insurance (SVS) gives several important recommendations before choosing an insurer.

Read carefully. Ensure you understand the insurance proposal before signing the contract and the general conditions of the policy, which it can consult in the policy deposit of the SVS with the respective code.

Before signing the insurance proposal, be clear: 

1. How and under what conditions is the insurance renewed? 
2. How will the cost of insurance be readjusted in case of renewal? 
3. In these cases, the insurance will not pay. 
4. The requirements to collect insurance. 
5. The period of coverage and validity of the insurance.

Consult your insurer or broker to ensure contract terms align with agreements. Evaluate the risk rating of providers offering personal accident coverage. Verify brokers’ registration in SVS Registries. Report unauthorized individuals and remember brokers receive commissions for advisory services, necessitating impartiality.

Conclusion

In conclusion, selecting the best auto insurer and insurance plan is a critical decision for every car owner, influenced by various factors such as individual needs, budget, and coverage preferences. It’s imperative to conduct thorough research, considering aspects like financial stability, coverage options, and customer satisfaction levels. Additionally, staying informed about industry advancements and utilizing online tools for policy management can streamline the process. Remember to heed recommendations and verify insurance companies’ legal standing before committing. By following precautions and guidelines, you can make an informed decision that safeguards your vehicle and financial interests effectively.

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.

Embarking on an entrepreneurial journey involves critical decisions about the type of business to pursue. Each venture presents unique opportunities and challenges, from event planning agencies to pet accessories stores. This guide explores various business ideas, offering insights to aspiring entrepreneurs seeking to carve their path in the competitive world of business ownership.

Event Agency

An event planning agency offers professional services to individuals and companies to organize family, business, or sports meetings. You can show all these events, but I recommend specializing in one of them to have a better chance of being the best in your area. To choose the type of events you want to plan, start by identifying your skills and what kind of people you relate to best, whether your best relationships are personal or commercial. When you have determined what you want to do, do workshops and courses that give you certificates and diplomas to add to your company’s presentation.

Courier and Parcel Services

To start your business:

1. Choose which type of vehicles you will use for your service: bicycles, motorcycles, or cars.
2. Accept it if you must decide on a service where you need to use a truck or van. You can rent what you need while your business grows, so have a company contact with freight services at hand.
3. Consider how you will collect shipments for your business plan and budget.

A person must consider the distance, the weight, and the size of the shipments. You can ask about the prices of other companies so that you have an idea.

Open a Restaurant

It does not matter if you are a professional chef or if you only have a massive passion for cooking; this is always a good business. The best thing is that you can start with something tiny, and it will grow very fast. A piece of advice to successfully manage a restaurant is to start by choosing the type of restaurant and the customers for whom a person wants to cook.

It will not be the same budget or business plan for a national food restaurant as a gourmet or pastry shop. When you are clear on what you specialize in, a person will know how to find the location, the furniture, and the indicated suppliers.

Consulting Services

If you have skills in business, such as accounting, marketing, law, or IT, you can start your own business and practice your profession. As you grow and gain a reputation, small businesses can be your first objective. In consulting services, the image is critical; you must give an impression of seriousness and solidity. Please consider this when choosing your office location, and I recommend you be very careful when selecting the people who will work for you.

Nursery for Children

It is a business that you can start from home without money and enjoy a lot. Start by taking care of your friend’s children so that you can do a practical test on a small scale. The main thing is to secure your home or the space where you will start your business to be child-proof. Also, make it enjoyable for children and have fun distractions. If you organize your business plan and budget well, you can offer additional services such as food, homework, and vacation plans.

Dance School

When trying to start this business, the two best options are to specialize in one type of dance and be the best among the competitors or be the only one that offers all possible options. You can also add other possibilities to a business, such as selling dance equipment, renting free rooms, offering choreography at events, and making special courses for tourists or couples. A person will need a good dance space for classes and good music playback equipment.

Pet Accessories Store

If a person has no experience in sales, look for some advice before starting a business plan. Think about the scheme of business, if a person prefers to buy everything from other suppliers or if you will take advantage to design and create your brand. One utility that animal boutiques put into practice is to offer catalogs with hundreds of options for pet accessories. Next, choose where you will sell—online through a website or in a local store. An online store has a much lower initial cost, but a shop in a store, although more expensive, offers greater exposure and will be easier to get to the first customers.

Rental of an Artificial Turf Pitch

When a person starts their business plan, consider the budget needed to find the space, condition, and maintain the court. All costs must be included in the price and made competitive. It will be the biggest challenge. Find a prominent area, preferably urban, surrounded by potential customers, and make good publicity with an opening or special promotion to gyms or sports clubs. A person will profit by renting this artificial turf field for hours or tournaments.

Conclusion

Aspiring entrepreneurs contemplating entry into the business world face many choices, each offering opportunities and challenges. The spectrum of potential ventures is vast and diverse, from event planning agencies to pet accessories stores. This guide has provided valuable insights into various business ideas, offering aspiring entrepreneurs a roadmap to navigate the complexities of business ownership. 

Whether embarking on a culinary adventure with a restaurant or delving into the world of consultancy services, the journey toward entrepreneurship is marked by careful planning, determination, and a relentless pursuit of success. As individuals embark on their entrepreneurial journeys, armed with passion and determination, they will find themselves on the path toward fulfilling their dreams and carving their mark in the competitive landscape of business ownership.

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.

Crowdfunding is increasingly popular among users and companies who want to finance specific developments, such as Canonical with its Ubuntu Edge. But can it also finance a company as a whole to develop a business startup? Sramana Mitra, a well-known entrepreneur, publishes an interesting article in the Harvard Business Review (Can Crowdfunding Solve the Startup Capital Gap?), in which she explains the reasons why, at least in part, crowdfunding can be part of the solution to the lack of financing. 

Crowdfunding as a Lifeline for Startups

Given the lack of credit and the difficulties that companies face with financing, can crowdfunding become a lifeline for a startup? Does this model make sense to finance a company in the early stages of development? From Mitra’s extensive article, there are several points to highlight that can answer these questions.

A lack of funding leads entrepreneurs to ask for money from family and friends, which can sometimes work out well. Unfortunately, more often than not, the inability of the entrepreneur to return the borrowed money ends up deteriorating the relationship with the well-known lenders.

Accessing Funding Beyond Traditional Investors

The main problem with a business angel or a venture capital fund is that investors usually only contribute to projects with a clear exit strategy or intend to grow on a large scale. Requirements leave more than 90% of companies out of their sphere of influence. All of this is a part of the crowdfunding process.

This does not mean they are companies that cannot generate profits, pay dividends, and be profitable in many interesting market niches. This is where the role of crowdfunding comes in. Betting on companies that can be profitable and in a similar model to what Kickstarter proposes provides benefits in exchange for the investment.

A Vital Boost for Startup Financing

Many companies need between $10,000 and 50,000 to start working. From here, it is much easier to access greater financing opportunities. That is why crowdfunding can have an exciting impact in these early stages of financing. This initial push allows the company to start and obtain future funding from traditional methods.

The main obstacle is that, regardless of the financing formula chosen, the company’s failure risk remains high. Many studies point out that half of companies do not usually survive the first year of life, and only one in ten successfully surpasses the obstacle of five years. If things go wrong, the owner must answer not only to a disgruntled investor but dozens of them.

Evaluating Risks and Rewards

For the individual investor, betting on a company in its early stages of financing is a high risk, and other products in the market present a much safer investment. But if things go well for the fledgling company, the return on investment is usually much more significant than what almost any financial product can provide.

If corporate crowdfunding comes to fruition, it would not be strange to find companies that do a previous “valuation and investigation” on new startups, advising them on what projects the company deserves. It is worth investing and even developing standings about their chances of success.

From Financial Relief to Strategic Growth

Companies pay off all their loans or get access to products and new features by crowdfunding. Under the JOBS Act, businesses sell equity for cash. Specific laws make the equity issuing process strict. This model provides different options, such as $20 million for a smartwatch or $8 million for an Oatmeal webcomic. Crowdfunding helps companies escape a financial crisis, but plans must be made for timeless influence because it is a way to earn profit. 

You will have to do a presentation for investors to let them understand the relevancy of your service. Running a successful crowdfunding campaign requires hard work; however, success is not guaranteed. Reward your investors, promote your campaign, and ensure your marketing messages are well-perceived.

Conclusion

In conclusion, crowdfunding emerges as a dynamic solution to the perennial challenge of startup financing, providing a lifeline for fledgling companies grappling with the lack of credit and traditional investor constraints. Sramana Mitra highlights that it offers startups crucial funding in their early stages, paving the way for future growth and development. However, this avenue comes with inherent risks, demanding careful evaluation of potential rewards and investor expectations. 

Navigating the complexities of equity issuance and compliance regulations requires strategic planning and execution. Nonetheless, when approached thoughtfully, crowdfunding can propel startups from financial relief to sustainable growth, unlocking new opportunities and charting a path toward long-term success in the dynamic landscape of entrepreneurship.

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 those considering investing, it is worth considering the real estate industry as an alternative. Have you stopped to consider the characteristics of the properties that can present immense advantages for the consumer? For example, long-term usefulness, quality production of the property, and a high property value.

Among all the investment options on the market, real estate is undoubtedly at the top of the list. If you are interested in real estate investment, consider the following to prepare to purchase a property.

Is There a Right Age for This Investment?

In practice, there is no age to invest in real estate. It does not matter if you are a young single person who still lives with your parents, have recently married, already have a family, or are old. Buying a property, increasing your assets, and securing your future is correct at any age.

Buying property is a good investment for anyone, regardless of age. It is important to evaluate the most advantageous way of doing it.

What is the Flexibility of a Property?

Generally, the priority is to buy a property in which to live. However, buying a residential property or land can provide equally good results for other purposes. Commercial real estate is in high demand due to space competitiveness.

Residential spaces are an opportunity to generate income through commercial office rent. For example, you can buy a residential property to open a business or rent it for business purposes. Another way to generate income is by renovating your home or buying a property to rent event space. A banquet or event space has an open space in the structure of the building with a wider outside environment. It is also possible to buy residential property for resale or residential rent.

The key factor in real estate investment is to choose a desirable location and renovate the property to meet the rental purpose, if necessary. The following important factor is offering tenants flexible prices and payment methods.

It is also worth remembering that investing in land can also be very profitable, whether for resale or building. The priority regarding land purchase is to mark the property lines with a wall, fence, or signage. Once boundaries have been marked, keep the property clear until a buyer or renter assumes the property.

Is Real Estate Better Than Other Investments?

Buying a property is a wise investment; however, several types of investments available may compensate more than others.

Of course, there are profitable investments that differ based on their returns in the short, medium, and long term. If you still do not own a home and have some money to invest, consider whether you prefer to buy a property or apply funds to savings, stocks, or bonds. Nevertheless, the income from these investments should be directed to some end; what about including purchasing a property? In practice, nothing prevents you from diversifying your investments. But remember that a property will always be necessary, so consider owning or investing in one.

Many believe a home is not an investment and only costs the owner or tenant. Of course, renters provide a monthly rent to their landlord. However, owning a home, apart from housing, is an integral part of a person’s assets. Additionally, owning a home means you will not have rental costs, and any expenses you incur through improvements and renovations can contribute to the home’s value. Similarly, living as a renter means improvements depend on the owner’s approval and are often non-refundable.

Conclusion

Investing in real estate offers numerous advantages regardless of age or financial situation. Real estate presents opportunities for all investors, whether for long-term stability, generating income through rentals, or capital appreciation. With its flexibility and potential for growth, real estate stands out among various investment options. Moreover, owning property provides security and stability, making it a valuable asset in any investment portfolio. So, whether you’re a young professional or a seasoned investor, real estate remains a smart choice for securing your financial future and building wealth over time.

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. Reviewed By: Brittany McMillen

Brittany McMillen

Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.

See Full Bio

Protect Your Health:
Tips for Secure Health Coverage

Secure health coverage combines affordable health plans like HSA-qualified options with robust data security measures to protect your medical and financial information while providing access to essential care. These plans offer tax advantages, catastrophic protection, and HIPAA-compliant safeguards against breaches that now cost healthcare organizations an average of $10.93 million per incident.

I’ve spent over 20 years as CEO of Complete Controller, working with businesses across every sector imaginable. During that time, I’ve witnessed firsthand how smart healthcare choices can make or break a company’s financial stability—and how one data breach or denied claim can devastate years of careful planning. With 30% of American adults carrying medical debt and employer premiums hitting $26,993 annually, this guide reveals actionable strategies for achieving secure coverage that outperforms traditional insurance in cost, flexibility, and protection while safeguarding your most sensitive information.

What is secure health coverage and how do you get it right?

• Secure health coverage means affordable plans with HSA eligibility, catastrophic limits, preventive care, and HIPAA-compliant security to shield your data and finances.
• It includes tax-free HSA contributions for medical expenses, no network restrictions, and encryption to prevent breaches.
• Users save 50-60% on premiums compared to standard insurance while accessing any doctor.
• Key benefits cover preventive services at 100%, ER after deductibles, and unlimited maternity without caps.
• Pair it with access controls and audits for full protection against fraud and unauthorized access.

Choose HSA-Qualified Plans for Cost-Effective Secure Health Coverage

HSA-qualified plans represent a fundamental shift in healthcare financing, combining minimum essential coverage with health sharing arrangements to enable pre-tax contributions and dramatically lower costs. The market’s confidence in this approach shows clearly in the numbers: Health Savings Account assets reached $146 billion in 2024, marking an 18% year-over-year increase that demonstrates millions of Americans trust these plans with their healthcare dollars.

Tax-deductible contributions, tax-deferred growth, and tax-free withdrawals make HSAs the cornerstone of modern secure health coverage. With deductibles ranging from $1,000 to $5,000, these plans eliminate network restrictions while covering 100% of preventive care under ACA guidelines. The financial advantages multiply when you consider that employer-sponsored family coverage now costs $26,993 annually—a 6% increase that outpaces the 4% average wage growth—making the 50-60% premium savings through HSA plans increasingly vital for family budgets.

Catastrophic protection without lifetime caps

Traditional insurance often includes lifetime benefit caps that leave families vulnerable during serious health crises. HSA-qualified plans flip this model, offering uncapped sharing for major medical events while maintaining lower monthly costs. This structure particularly benefits those aged 55 and over, who now hold more than $63 billion in HSA assets—a 21% increase from the previous year—using these accounts for both immediate healthcare needs and long-term retirement planning.

The investment potential within HSAs creates a unique dual benefit. Unlike flexible spending accounts that expire annually, HSA funds roll over indefinitely and grow through investment options similar to 401(k) plans. This feature transforms healthcare savings from a use-it-or-lose-it expense into a wealth-building tool that compounds over decades.

Prioritize HIPAA Compliance in Your Secure Health Coverage

Healthcare data breaches now cost an average of $10.93 million per incident in the United States—the highest average among all industries—with some major breaches exceeding $1.6 billion in total response costs. The Change Healthcare ransomware attack in 2024 started with a missing multi-factor authentication measure and ultimately cost over $2.4 billion to resolve, affecting 190 million Americans and proving that robust security measures aren’t optional extras but financial necessities.

HIPAA’s Privacy and Security Rules mandate comprehensive protection of electronic protected health information (e-PHI) through specific administrative, physical, and technical safeguards. These requirements apply to all covered entities handling health data, including insurance providers, healthcare clearinghouses, and their business associates who process information on their behalf.

Implement data encryption and access controls

Encryption serves as your first line of defense against data breaches, scrambling information both at rest in databases and in transit across networks. Role-based access controls limit data exposure by granting employees only the minimum access necessary for their specific job functions. Together, these measures create multiple barriers that hackers must overcome, significantly reducing breach likelihood.

Modern secure health coverage providers implement 256-bit AES encryption—the same standard used by financial institutions—alongside biometric authentication and session timeouts. These technical safeguards work alongside administrative controls like workforce training and sanction policies to create a comprehensive security framework.

Conduct regular security audits

Annual security audits identify vulnerabilities before criminals exploit them, maintaining both HIPAA compliance and customer trust. These assessments examine everything from password policies to physical server security, creating actionable reports that guide continuous improvement in data protection practices.

Audit findings often reveal simple fixes that prevent major breaches: outdated software patches, shared passwords, or unsecured mobile devices accessing patient data. By addressing these issues proactively, health plans demonstrate their commitment to protecting member information while avoiding the devastating financial and reputational costs of data breaches.

Real-World Impact: HSA Plans Transform Family Finances

Case Study: HSA Secure Adoption by Zion HealthShare Members

Zion HealthShare’s HSA Secure plan helped members save 50-60% on costs while retaining HSA eligibility. One family covered a $20,000 emergency room visit post-deductible with no caps, growing their HSA tax-free for future expenses. Outcomes included reduced taxable income through pre-tax contributions and complete flexibility in provider choice, proving secure health coverage works for catastrophic needs while building long-term financial security.

My experience at Complete Controller mirrors these results. Clients switching to HSA-qualified plans typically reduce health expenses by 40% in year one, freeing substantial cash flow for business investment and growth. One manufacturing client redirected $18,000 in annual premium savings toward upgraded bookkeeping systems and inventory management—investments that generated returns far exceeding healthcare cost reductions.

Navigate Alternative Coverage Options Carefully

More than 1.7 million Americans now use health sharing arrangements, attracted by lower monthly costs and community-based approaches to healthcare financing. However, these non-insurance alternatives lack fundamental consumer protections: they can deny coverage for preexisting conditions, exclude certain treatments based on lifestyle choices, and cannot guarantee payment even for covered services.

Colorado’s experience illustrates these risks clearly. Members submitted $362 million in medical bills to sharing plans in 2021, but nearly $132 million of those requests faced denial or reduction. This 36% rejection rate far exceeds traditional insurance claim denials, highlighting why true secure health coverage—with legal obligations, state oversight, and guaranteed benefits—provides superior protection despite higher monthly costs.

Network flexibility and provider access

Plans like Secure Health 8000 leverage Blue Cross Blue Shield networks while maintaining $0 copays for preventive care and Teladoc virtual visits. This combination addresses the primary limitation of HMO-style plans that restrict provider choice, particularly important for specialists or when traveling outside your home area.

Network flexibility becomes crucial during medical emergencies when the nearest hospital might fall outside a narrow network. Secure health coverage plans eliminate surprise billing risks by either accepting all providers or clearly defining out-of-network benefits upfront, preventing the financial shock of unexpected medical bills.

Maximize preventive and wellness benefits

ACA-mandated preventive services include annual physicals, cancer screenings, immunizations, and chronic disease management—all covered at 100% before meeting deductibles. Many consumers underutilize these benefits, missing opportunities for early detection and intervention that prevent costly treatments later.

Smart utilization of preventive benefits extends beyond basic checkups. Smoking cessation programs, nutritional counseling, and mental health screenings all qualify for full coverage under most secure health plans. By maximizing these services, members maintain better health while extracting maximum value from their coverage investment.

Protect your health and your balance sheet — Complete Controller can help.

Build Personal Security Layers Beyond Plan Choice

Individual actions significantly impact data security, yet most coverage comparisons ignore personal responsibility in protecting health information. Implementing strong passwords, enabling multi-factor authentication on all health portals, and properly disposing of medical documents creates essential barriers against identity theft.

Start with password hygiene: use unique, complex passwords for each health-related account, stored in encrypted password managers rather than browsers. Enable two-factor authentication wherever available, preferring app-based authenticators over SMS codes that criminals can intercept through SIM swapping attacks.

Monitor for breaches and respond quickly

Check your Explanation of Benefits statements monthly for unfamiliar charges or providers, catching fraudulent claims before they escalate. Register for breach notification services that alert you when your information appears in compromised databases, enabling rapid response to potential identity theft.

When breaches occur, follow the HIPAA Breach Notification Rule timeline: notify your health plan immediately, place fraud alerts with credit bureaus, and document all communications. Quick action limits damage and preserves your rights under consumer protection laws.

Compare Leading Secure Health Coverage Options

Feature	HSA Secure	Secure Health 8000	SecureAdvantage
Deductible	$1,000-$5,000	Varies by age	Disease-specific
HSA Eligible	Yes	No	No
Preventive Care	100% covered	$0 copays	Wellness exams
Network	Any provider	BCBS network	Varies
Monthly Cost	50-60% less than traditional	Lower than employer plans	Targeted pricing
Security Features	HIPAA compliant	Network encryption	Basic compliance
Best For	Families wanting tax benefits	Low-risk individuals	Specific condition coverage

This comparison reveals how different secure health coverage options serve distinct needs. HSA-qualified plans excel for those prioritizing tax advantages and provider flexibility, while traditional insurance alternatives like Secure Health 8000 suit those preferring predictable copayments within established networks.

Take Action on Secure Health Coverage Today

Achieving secure health coverage requires selecting HSA-qualified plans that balance affordability with protection, implementing robust HIPAA safeguards, and maintaining personal security practices that shield both your health and financial data. The combination of 50-60% premium savings, tax-free growth potential, and comprehensive catastrophic protection makes these plans increasingly essential as traditional insurance costs outpace wage growth.

Throughout my two decades leading Complete Controller, I’ve guided thousands of business owners through healthcare transitions that seemed overwhelming at first. The key lies in taking systematic action: review your current plan’s costs and coverage gaps, evaluate HSA-qualified alternatives, audit your personal security practices, and implement changes during open enrollment periods.

Start protecting your health and wealth today by examining your coverage options with fresh eyes. Visit Complete Controller to connect with our team of experts who can help you navigate healthcare decisions while optimizing the bookkeeping and financial systems that support your growing business. Together, we’ll transform healthcare from a financial burden into a strategic advantage.

Frequently Asked Questions About Secure Health Coverage

What exactly is secure health coverage and how does it differ from regular insurance?

Secure health coverage combines affordable health plans—particularly HSA-qualified options—with comprehensive data security measures including HIPAA-compliant encryption and access controls. Unlike standard insurance that focuses solely on medical benefits, secure coverage protects both your health and sensitive personal information from the $10.93 million average cost of healthcare data breaches.

Can I really save 50-60% on premiums with HSA-qualified secure health plans?

Yes, these savings are documented across thousands of members using plans like HSA Secure compared to traditional employer coverage now averaging $26,993 annually for families. The savings come from higher deductibles offset by tax-free HSA contributions, elimination of network restrictions, and streamlined administration costs.

What happens if I have a preexisting condition with secure health coverage plans?

True insurance-based secure health coverage plans must accept preexisting conditions under ACA regulations, though waiting periods may apply for some benefits. However, health sharing arrangements—which aren’t insurance—can exclude preexisting conditions entirely, making it crucial to verify whether your plan qualifies as actual insurance.

How do HIPAA security requirements protect my health information?

HIPAA mandates three types of safeguards: administrative (employee training, access management), physical (facility security, device controls), and technical (encryption, audit logs). These create multiple protection layers ensuring that your electronic health information remains confidential, maintains integrity, and stays available when you need it.

Should I choose an HSA-qualified plan if I have ongoing medical expenses?

HSA plans work well even with regular medical costs because contributions reduce taxable income while growing tax-free for future use. If you spend $5,000 annually on healthcare, paying with pre-tax HSA dollars saves approximately $1,500 in taxes for median-income families, offsetting the higher deductible.

Sources

• HSAforAmerica. “HSA Secure – Reviews & Free Online Quotes.” HSAforAmerica.com, accessed 2025.
• Certifi. “Balancing Innovation and Security in Health Insurance Technology.” Certifi.com Blog, accessed 2025.
• GuideStone. “Secure Health 8000 Personal Plans Product Guide.” GuideStone.org, 2021.
• American Retrieval. “What Security Measures Should Insurance Companies Look for…” AmericanRetrieval.com Blog, accessed 2025.
• US Health Group. “SecureAdvantage Brochure.” USHealthGroup.com, 2023.
• Centers for Disease Control and Prevention. “Health Insurance Portability and Accountability Act of 1996 (HIPAA).” CDC.gov, accessed 2025.
• Morningstar, Inc. (2025). “Morningstar Publishes 2025 Health Savings Account Landscape With New Provider Assessments and Market Insights.” Morningstar Newsroom.
• Morgan Lewis. (2025). “Study Finds Average Cost of Data Breaches Significantly Increased Globally in 2024.” Morgan Lewis Blog.
• Kaiser Family Foundation. (2025). “Americans’ Challenges with Health Care Costs.” KFF Health Costs.
• Kaiser Family Foundation. (2023). “At Least 1.7M Americans Use Health Sharing Arrangements—and Many Say They Don’t Understand the Risks.” KFF Health News.
• Kaiser Family Foundation. (2025). “2025 Employer Health Benefits Survey.” KFF Health Costs.
• Health System Tracker. “The burden of medical debt in the United States.” Health System Tracker.

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. Reviewed By: Brittany McMillen

Brittany McMillen

Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.

See Full Bio

Driven by the implementation of data in businesses, data visualization solutions (also known as DataViz) have multiplied in recent years. Choosing a tool adapted to each company’s needs and specific constraints has become challenging. Fortunately, a few essential criteria can help you evaluate these different solutions and answer the question: “Is this data tool made for my business?“

Here are five essential selection criteria.

Tool Versatility

The selected tool must cover many functionalities, starting with data preparation, which will generate relevant visualizations to process data optimally. The advanced and predictive analysis capabilities are also essential to help you better anticipate the future and make the best decisions. However, a good DataViz platform must be accessible to data specialists and novices. Select the tool that is best suited for your users.

The Offer

Data visualization software uses two main models: inclusive offers, including all the functionalities, and drawer offers, with additional paid options. The first has the advantage of transparency; you know what you are paying for without unpleasant surprises. Conversely, drawer solutions offer flexibility in choosing functionalities, but the accumulation of options can quickly become a financial strain.

Deployment Costs

Implementing a DataViz solution is a significant project that requires anticipating the cost of deployment. Pricing should be tailored to your business, size, needs, and resources. For large structures, for example, it is necessary to ensure that the solution chosen has a model compatible with large-scale deployment, including attractive prices depending on the number of users and concurrent licenses.

Data Processing Capacity

Data processing capacity is crucial since the very purpose of a data visualization tool is to speed up and simplify data processing. We must, therefore, ensure that the chosen solution can offer exemplary performance while processing a large volume of data. 

The ability to manage multiple sources also needs to be closely examined. The tool should be able to easily connect to different databases and import files of all types. Additionally, you should be able to easily view multiple datasets from a single dashboard in a unified fashion.

Adaptability

A good data visualization tool must also be customizable according to the sector of activity. For example, retail companies do not have the exact needs of finance professionals or public administrations. Hence, a flexible solution that can adapt to each structure’s requests for functional changes is essential. When choosing your data visualization solution, performance, flexibility, and economic model must be prioritized.

Due to the COVID-19 epidemic, many companies have had to stop their activity temporarily or are experiencing a sharp drop in turnover. Many aids have emerged with options available to entrepreneurs to save cash to help overcome these difficulties.

Many companies encounter severe financial difficulties even though they are in a healthy business, and these difficulties are only cyclical. To avoid an increase in corporate bankruptcies in France, the government has taken several measures to save the most troubled companies, including a flagship measure: freezing the state of cessation of payments.

The Stop Payment Status

A business is in a state of cessation of payments when its available assets no longer allow it to meet its current liabilities – which implies knowing what these two concepts cover:

• Available assets correspond to the cash held by the company, which it can use concisely without putting its activity in difficulty.
• Current liabilities correspond to debts that the company must pay immediately because they have come due and for which the creditor can initiate a recovery procedure to obtain payment.

In principle, when a company finds itself in this situation, within 45 days, it must imperatively declare cessation of payments. Depending on the gravity of the situation, the company then falls into bankruptcy or bankruptcy proceedings.

Conclusion

In the rapidly evolving landscape of data-driven businesses, selecting the right data visualization solution is paramount. By considering factors such as tool versatility, pricing models, deployment costs, data processing capacity, and adaptability, companies can ensure they invest in a solution tailored to their unique needs and constraints.

As businesses navigate challenges such as those posed by the COVID-19 pandemic, it’s essential to leverage available resources and government measures to mitigate financial difficulties and sustain operations. Understanding concepts such as cessation of payments can help businesses make informed decisions and navigate through uncertain times, safeguarding their financial health and long-term viability.

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.

Keeping your accounts updated is critical to realizing your financial dreams. The problem is that even the money-watchers in the world can fall into some difficulties, accumulating unnecessary expenses.

Below are ways to identify and reduce extra expenses that burden your monthly budget. That way, you have better financial health, allowing you to change cars, change apartments, take family trips, and more.

Identifying Unnecessary Expenses

Identifying unnecessary expenses seems obvious, but not in reality. Although they know about the importance of spending control, few people put it into practice. There are a few excuses for not keeping an eye on your money when countless online applications and solutions, such as Google Sheets, are designed to help you track and identify unnecessary expenses.

Analyze Your Budget

Controlling costs is not used if you collect and calculate financial data only to set the information aside and forget about it. For the mobile app or spreadsheet to have a practical effect, you need to analyze and reflect on the accounts that make up your budget. Do this to find improvement points, whether an unnecessary expense will be cut, or even identify a good investment opportunity.

Organize Your Routine

It often seems inescapable that you tend to waste money when your life is messy. For example, if you do not organize your routine and control the household food supply, you may have to call for a delivery order or go out to dinner at the last minute. This results in spending more money than you would have spent preparing a home-cooked meal. Similarly, organizing your financial routine helps you avoid other unnecessary expenses, such as delayed account fines, interest financing, duplicate item purchases, etc.

Plan for Family Life

The more time you research something, the bigger the budget. When planning your family life, you can make budgets, look for additional sources of income, and look for alternatives with the best value to save money.

Planning is helpful for diverse situations, from charting a family vacation to acquiring a property. Analyze your current spending compared to needed financing and organize your financial routine. Be careful about your plans because this will allow you to enjoy life even when the bills tighten.

What to Eliminate?