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Save in your 40s - Complete Controller

Every responsible adult would agree that savings are essential at any age, but most middle to lower-income earners have little to no savings by the time they reach forty. If you put it off or life had you living paycheck to paycheck and staring forty in the face, it’s not too late to start saving. Below are some tips to help you save money for retirement, emergencies, and other life goals. Check out America's Best Bookkeepers

Investments

When people hear the word savings, they generally think of taking a set percentage of their paycheck and putting it directly into a savings account. While this is a good idea in the respect that you are working to save money, bank savings accounts are not the way to save towards big goals.

 

Savings accounts are often low interest and are closer to putting your savings under your mattress or in the cookie jar. Instead, consult a professional financial planner and find ways to invest money to gain you more interest and grow your money more quickly. These investments could be through mutual funds, investment savings plans, investing in stocks, or buying properties or items that appreciate over the length of ownership. The essential thing to remember about investments is that you should research options and understand the risks and rewards. Check out America's Best Bookkeepers

 

Multiple Streams of Income

Besides investments that increase your existing income, another way to save towards your goal of three times your annual income by age forty is through additional income streams. In today’s world, the side hustle is typical as people make ends meet or work towards savings or other life goals financially. These side hustles could include driving for Uber or Lyft, or Postmates, etc. Like investments, additional streams of income should be well researched. Some options require little of your time and virtually no interference with your main job paying the bills.

 

Retirement Savings Plans

Many companies offer a retirement savings plan. This savings plan is a fund that the employee will contribute to from each paycheck. In most cases, the companies that provide retirement savings plans will also have offers to match a certain percentage of what the employee is investing in. While retirement savings plans are a great way to save money that has you seldom missing the money put into them, there are also some drawbacks to this type of savings. There are often penalties on early withdrawals of the money. Even because most of these savings plans are not taxed at the time of savings, you will owe a tax percentage on the savings when you withdraw the funds. Many retirement savings plans are also attached to mutual funds to increase them and are vulnerable to market fluctuations. When the economy is in a downturn or recession at retirement or the time of withdrawal, your money will not hold as much value. Check out America's Best Bookkeepers

 

Conclusion

Though leaving your thirties behind and facing the fabulous forties seems daunting, when it comes to savings, it’s easier than you think. Investments, multiple streams of income, and retirement savings plans are three reliable ways to save money for emergencies, big purchase items, and retirement. Most people decide that if they didn’t start saving earlier, they are too late to start in their 40’s, which is not factual. Any age can start saving if they have not and decide to put some money aside. Be prepared to be more aggressive to save what you need for the things important to you, but if you follow these ideas, you will be saving in your forties in no time.

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

Saving and investing money intelligently is based on learning good habits and changing the bad ones.  The goal of savings and investments is to achieve financial freedom and have the lifestyle you desire. While everyone’s goals will be different based on their lifestyle and income, these tips on saving and investing intelligently will work for everyone. Check out America's Best Bookkeepers

Understand Your Investments

Some people will blindly invest in interests because others are doing the same. And while it is recommended that you hire a professional financial advisor to help you plan investments, you still need to understand your investments and how they work. If you don’t have an understanding of them, you could be hit with penalties, fees, and unforeseen taxes. You also need to understand the risks before investing and continue to monitor them.

Manage Risk

Risk management is essential to saving and investing; assessing the risks in potential investments before making them could result in thousands of dollars in savings. Because high-risk is a high reward, many investors take unnecessary risks that have devastating results. It is wise to invest in lower-risk investments and build them slowly. Also, spreading your money to multiple low-risk investments increases security and your rate of return. Check out America's Best Bookkeepers

Minimize Taxes

Saving on taxes may seem like a no-brainer, but millions of Americans per year leave money on the table by not taking advantage of deductions and other tax-saving measures. The bottom line is, if you save money on your taxes, you will have more of it to invest and grow. The best way to fully take advantage of tax-saving strategies is to hire a professional tax preparer. These professionals went to school to learn how to save you tons of money on your taxes.

Control Your Expenses

Controlling what you spend is another obvious money saver, but many people have trouble with this measure. Some of the world’s wealthiest people are thrifty with their money even though they have millions in the bank. Curbing spending in the short-term can have a large effect on your long term net worth. The more money you save by controlling expenses, the more you have to invest and grow. Even small changes or savings like avoiding unnecessary fees or getting an account with a cashback benefit can add up to smart savings and money for investments. You can also look at daily, weekly, and monthly expenses and prioritize to find where you can cut without the changes feeling too strict. Check out America's Best Bookkeepers

Use Automation

Most people who have a hard time saving or investing their money find difficulty in letting it go once they have it in their hand or bank account. One of the most effective ways to help let go of that money and put it to better use in savings or investments is to use automation. Automation means you will set up your income to automatically put money in savings, major investments, or micro-investments. Micro-investments are those that take spare change to make investments. The main advantage of automatic deposits or investments is the money isn’t missed, and you will start shifting your thinking to set your budget with the income you receive after the automatic withdrawal is processed.

Conclusion

You don’t have to be a stockbroker or investment banker to save and invest money intelligently; you have to be willing to do what it takes. Small investors still have the title of “the investor”; this means you are on your way to more savings and investments down the road that will lead to total financial freedom. Understanding your investments, managing risks, saving on your taxes, and controlling your spending are four reliable ways to be a smart investor and save money for your future.

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

The government of the state guides an investment policy. The government promotes the investment policy in its rules and regulations that also helps the economy of the state. Some governments encourage foreign investment policy, and some discourage the same foreign policy to contribute to the economy of their nation. Investments help an individual to support financial independence. They also help people to achieve their financial goals.

There are types of investments that have their own general set of features, from bank products to stocks or bonds. All are different and useful in their own ways. These investments have risk factors, as well. But all these types can be used differently by investors. The main types of investments are: Check out America's Best Bookkeepers

 

  1. Bank Products
  2. Stocks
  3. Bonds
  4. Investment Funds
  5. Annuities
  6. Security Future
  7. Retirement
  8. Commodity Future
  9. Life Insurance

 

Bank Products: Banks provide a safe and convenient way to build up savings. And so do the credit unions. Some banks offer amazing services that help individuals to manage money. Depositing money will always remain one of the best ways to save money. Credit unions work the same way with some different features. Some banks offer a service with the transaction that provides liquidity, making it easy for people to get funds for unexpected events or urgent needs. The liquidity process converts an individual’s assets into cash with permission. Check out America's Best Bookkeepers

 

Stocks: It is considered that when someone invests in a stock, they become the owner of a corporation. Stocks represent ownership shares that are also known as equity shares. Equity shares are often the primary source of income for specific firms. The loss and profit in a stock are connected to the success and failure of a firm or company. It also depends on the type of stock a person owns, and what is the overall stock market rates. Stock and stock mutual funds are an important component for people to save money if they own a company or business. There are also various types of stocks.

 

Bonds: A bond is a type of loan that is taken by an investor for a corporation, federal agency, government, etc. This loan is made in exchange for interest payments for a specified period. The repayment of this loan has its own specified date. There are so many different types of bonds or loans that are treasuries, corporate bonds, agency bonds, municipal bonds, etc. The municipal bonds are the most common and used ones. Whenever someone invests in bonds, they have a higher risk of losing their money, especially in an individual bond. The bond mutual fund prices change, just like the prices of stocks in the stock market. The risk factor in bonds depends on the type of bond an individual owns. Check out America's Best Bookkeepers

 

Investment Funds: Investment funds are remarkably effective for investors in various ways. Investors need to invest according to a proper strategy in these funds. These funds include mutual funds, exchange-traded funds, closed-end funds, and unit investment trusts. All funds have different features. Investment funds provide professional and diversified strategies. It also helps in managing the financial situation of a company efficiently and adequately. As with any other kind of investment, investment funds also have their risk factors that need to be addressed before applying for this fund. The main risk in all sorts of funds is the fear of losing money. A person should be optimistic while applying for any fund. It does not matter how the previous fund performed; the future is always bright.

 

Annuities: An annuity is another form of investment where a person buys it entirely or with a series of payments known as ‘premiums. An annuity is a kind of a contract. This contract is often between an individual and a firm or company. In annuities, the company makes strategized funding or payments to the specific individual. An annuity is another form of investment where a person buys it entirely or with a series of payments known as ‘premiums. Some people save annuities for retirement while others turn it into a retirement income.

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

Everyone wishes to have a decent job that helps pay the expenses and manage a decent life without having to worry. People spent years wondering and exploring the right profession for themselves; one that helps bring in the bacon and is of interest to them. Who doesn’t love a stable job? After all, half our lifetime is spent studying, whining for grades, and competing with millions of others in the job market, and demands a result in the form of a stable job. Let’s explore the advantages of a stable job!

Management of Expenses

People are always worried about payments and expenses! Some people work two shifts to provide for their families and some are still unable to even though they work tirelessly. A stable job means that one has a clear idea of the monthly earning; therefore, knows the resources available for the month. The employee knows how much can be spent, how much needs to be saved for the next month, how to manage the year-end payments, and more. There is a constant pattern of earnings which allows one to manage the expenses accordingly. If savings and expenses are balanced well, one can effortlessly deal with unexpected situations such as a sudden party!

Lesser Stress, More Fun!

Having a stable job means that one is doing well in fulfilling the basic needs of life, providing for the family, and is satisfied with the work. On the contrary, an unstable job lays pressure on the employee to vigorously look for another job, adds to the frustration, and deteriorates the health of the employee. Several studies have proven that financial constraints lead to anxiety and depression while work stress is known to be the major reason for depression. A stable job allows one to enjoy life, spend time with his family and friends, experience adventures, and live life to the utmost, without worrying about money.

More Employee Benefits

People who add value add to the company with their skills, hard work, and enthusiasm; their worth in the organizations grows exponentially. Employees who enjoy stability in their job are the ones who have positively contributed towards the profitability of the company and are valued in the organization. Such employees are likely to receive more benefits like paid holidays, salary increments, annual bonuses and appraisals at their jobs. Since they have developed a credibility in the organization, they are not micro-managed. The company is lenient towards them just in case they get late to work or don’t show up on one of the days.

Opportunity to Take Investment Risks

A person is able to take risks and explore different opportunities when he is sufficiently meeting the basic needs of life. A stable job interprets that one is doing well with the expenses and needs of life, and is most likely to have some money in the form of savings. Such individuals are able to invest in different short-term and long-term projects to increase the sources of earnings. Some investment opportunities include starting a business of interest like a small café, buying stocks, investing in an on-going project or more. However, one must take calculated risks and carefully invest the hard-earned money!

Opportunities for Professional Growth

Stability in a job is achieved through professional excellence. Employees are stable in a job when they have performed well, have tirelessly worked to deliver their best performance and have added value to the company. Such employees have a competitive edge over others and have more opportunities for professional growth within and outside the company. Their current employer wouldn’t want to let them go while other employers would like to welcome them into their company. This gives employees a leverage to choose from a range of opportunities and diversify their skills by exploring new roles.

A stable job offers peace of mind and provides a stress-free life in terms of finances. It allows one to experiment with different things, take calculated risks, and enjoy life to the utmost without any pressure!

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

I invest all my money, and I do it mostly in mutual funds. In this article I will address the first doubts you may have about investment funds, from what they are to what types they exist, and I will tell you about the best existing investment funds, in which I invest my own money.

In addition, I will show you clearly that the funds of the banks in Spain are NOT a good option if you want to get the best profitability for your money. So you can see that I speak from experience, here you can check my entire investment portfolio.

 

What is an Investment Fund?

 

What are investment funds? An investment fund is a product that gathers the money of many investors to invest together in many companies at the same time. Normally, to invest your money you have to buy shares of a company.

An investment fund allows you, with a single investment, to invest in hundreds of companies around the world at the same time. In addition, to invest in an investment fund you do not need to be a rich investor, you can start from $ 1,000 or less.

The funds have a manager who decides which companies to invest in, always adapting to the type of fund that he manages and its rules.

 

Why do I Invest my Own Money in Funds?

As I told you, I invest a large part of my money in investment funds, and I do it for the following reasons:

 

Investment fund advantages

  • I started with individual actions, but I have changed my mind over time because I don’t like to analyze companies.
  • Investment funds allow me to invest my money in the stock market, my preferred form of investment, without complicating my life at all.
  • With a single purchase I have shares in hundreds of companies, and a manager does all the work for me.
  • I literally spend 5 minutes a month on my investments, and I don’t change that for anything.

 

Diversification

  • An investment fund gives you absolute diversification.
  • You can make purchases of $ 100 per month, so your temporary diversification is amazing.
  • You can access the whole world with a single fund, so geographic diversification is covered.
  • And you can buy funds from any sector, so your diversification in assets is also perfect.
  • With investment funds, you can have a very balanced portfolio and have your assets more than secure.
  • By having a great diversification you minimize the risks of your investment.

 

Tax advantages

The taxation of investment funds for a private investor in the US is fantastic. You can move the money between funds without going through the farm, without paying any taxes.

Moving money is transferring a fund. Buying and selling funds is something different. If you sell funds, if you have to pay taxes for the benefits.

 

Cost effectiveness

The profitability of the funds depends a lot on the type of fund that is. I invest in equity funds, and the average annual return for the past 200 years is approximately 7%.

Therefore, in my investment strategy with funds I aspire to that 7% annually, something with which I would double my money every 10 years.

 

Commissions

Investment funds have very low commissions. They have no sales commission or custody commission. The only commission, if you choose a good broker, is the annual management commission. Indexed or passive management funds have an annual commission of 0.3-0.5%, and active management funds of 1.5-2% per year.

 

 

Types of Investment Funds

To tell you what types of investment funds exist I will divide them into 3 different categories.

 

Types of Funds Depending on Which Assets they Invest in

 

Fixed income funds

Investing in fixed income consists of investing in deposits, bonds and treasury bills and other very low risk products. A fixed income fund is a very conservative fund, with which you can expect low returns and low volatility / risk.

 

Equity funds

Investing in equities is a synonym for investing in the stock market or in the stock market. An equity fund aims at maximum profitability, in exchange for short-term volatility.

 

Mixed income funds

A mixed income fund mixes equity and fixed income.

 

Monetary funds

A monetary fund becomes practically a current account, it serves to have the money in liquidity and take advantage of the fiscal advantages of the funds to move money from one site to another. Most of my funds are equity, since if I invest my money it is to obtain long-term profitability, and I do not care about short-term volatility.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

Where to Invest? handwriting

Investment for Beginners

Today, the investment trick is to not only make money but also know how to make money from your savings. Currently, the best option for those on a salary is to save a part of their income for an investment. It is worthwhile to invest that money in order to enjoy better profits apart from the salary. Use the savings wisely, saving up a little from your monthly income can go a long way. Keeping the investment with a bank is not a good choice if you’re wanting to add more. Instead, invest that money into a low risk, low return project initially.  

Before considering an investment, common questions arise. What does it mean to invest your money? What is an investment? Quite simply, an investment is a transfer of capital or a certain amount of money to a project and a stock that is not channeled to generate income of the same amount. Current income is of two types. Income return is income from returns as an investment. For example, rent and interest. The second income type is capital appreciation, increasing investment value as a result of increased demand for a certain asset.

How to Start Investing Right

Initially, everyone that invests their savings wants a profit on their investment as soon as possible. Especially when it comes to beginner investors, it is imperative to take into account that smart investments take a lot of trial and error, amassing experience, learning lessons, and generally great patience. A long-term, worthwhile investment ensures that the money will be worth much more in the future.

When interested in beginning to invest, there are several steps to consider before making an investment decision.

Sufficient Savings

Check whether the amount of money kept aside is enough for future investment spending. Moreover, to carry out day to day activities, you must have your expenses covered. A regular job with a steady paycheck will allow you to pay for any expenses incurred on a regular basis.

Choose the Right Investment

Choosing an investment path is an essential decision for first time investors. For beginners, there are three main types of investments. We recommend that you choose one type of investment (at least for starters) where you will focus most of your time and effort. You can choose between investing in real estate, securities or investing in a business.

Choose the type of investment that you prefer and know what is best for you in terms of profits, market risk, and knowledge of the investment type. A wise choice is to select a business that involves low risk with a reasonable profit.

Learn About the Market You Want to Invest in

Once you have chosen your investment field, it’s time to start learning about the business! Knowledge is power. The more you know, the stronger you will be in the field you choose and the better you will be able to work that investment. Today, so much information is on the internet and you can learn a lot about the investment field you have chosen, read powerful information, and even get some great tips. The most preferred method for beginners is to study a course in the field and learn to be a smart investor.

Types of Investment: Where to Start Investing

At the initial stages of investing, it is not always clear where to start the process and how to actually get into the first investment. Check whether a particular investment field seems feasible for your first initial step. Following are some of the common fields that are suitable for an initial investor.

Real Estate Investments

Investing in real estate is one of the most common types of investments for beginners. This area is relatively stable and the income received in real estate is continuous. You can receive payments each month by renting a property. The real estate market is very dynamic and subject to many rapid changes. When there is an interest in real estate, proceeding with caution before investing on a property is a good idea. Before investing in real estate, make sure that you have sufficient knowledge and expert help.

Capital Market Investments

Investing in the capital market is worthwhile for longer periods of time, but less effective in the short term. People often find themselves in a situation where they need to watch the investment precisely when the portfolio is at a low level. If someone lacks the necessary knowledge in the capital market, they can conduct a safe investment in a portfolio. Today, many companies provide assistance for investors looking for a safe portfolio to invest in.

Investments in Business

One of the most effective solutions for beginning investors is using your savings as an investment into a business. Many people invest in a business because they believe that that business has a chance to flourish and grow in the future. Ideally, the business will generate a large income and then that income would be distributed among the investors. Note that in passive investment, a business has its own set of risks.  All responsibility and control over the success of your investment is in the hands of others. You should check all of the business details, including it’s operations, with those who are getting into the investment.

Choose the Right Investment Channel

Investors who are beginning to invest in different businesses and capital must consider that an investment is not an easy decision to make. Every investment has it’s own risks and a different range of profits. Investing requires intensive knowledge and a great deal of time learning the field of investment you have chosen. Choose the right investment for you and check that you have the necessary tools for an investment to be fruitful.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Wall Street


A private fund investment is a financial investments company in which,

  • There are less than 100 investors
  • Its participating investors have considerable funds capitalized elsewhere.

Such funds are exempted from laws and regulations of federal securities and are incorporated in the tag of “hedge funds”.

How Do Private Equity Investors Earn Money?

Increase money: from Limited Partners (LPs) i.e. insurance, companies, pension funds, retirement funds, endowments, and wealthy folks

Source, diligence, and close deals to gain companies

Expand procedures, cut expenses, and squeeze administration of their portfolio corporations

Trade portfolio corporations at a yield

Current financial statistics indicate that proficient investors like private equity individuals are tapping cash to work for private mid-market corporations.  There are many hurdles which both investors and businessmen have to cross.

Here are a few strategies to attract owners of a private equity fund:

Review your Financials

Review your financial statistics because the prospective buyer will check your financial statements in detail and an audit free of any kind of gaps will attract the investors. The buyer will perceive that you are a serious and professional individual who keenly pays attention to little details. Accurate bookkeeping of your transactions gives the buyer a signal of your efficiency and accuracy while negotiating.

Generate a Strong Team

A strong team will be needed because neither can you do all work alone nor can you always supervise.

Private equity investors always in search of such teams whenever they recapitalize a company.

Expand Your Client Base

Buyer concentration is the major hit for sophisticated financiers. Only 10 to 15 % of profit should be gained from one customer alone. It is risky when companies gain 40% to 50% of their profits from one to two clients. Bookkeeping of revenues must be kept to know the percentage of revenue that comes from each customer.

Make an Exit Strategy

“We like to see owners start meeting with their advisors two to three years before a planned transition. That way the owner can act to fill the gaps so his business can become an A or even an A+ company.” said by Fred Wainwright-certified exit planner of Ledyard Bank New Hampshire.  So an exit strategy should be designed after a detailed discussion with your financial planner, accountant, lawyer and investment banker.

Fix Your Agreements

Keep your contracts fixed because the new customers will not be easy to find.  It will cost more to try to obtain new customers rather than keep your current ones.  

Build the Product Pipeline

Attract your investors by beginning a new business in new markets so that they invest in your future plans. Investors will be interested in the size of market and source of shares. If they find satisfactory answers, they will definitely invest in your potential company.

Acquire a Realistic Assessment

Keep an accurate record of transactions through bookkeeping and also get a formal evaluation from a certified appraiser to have an accurate valuation of your business. This is necessary information required while negotiating with a private fund investor.

Create an Acquisition

To grow fast and to exit more attractively, buy another company but this is not an easy deal. “There is certainly no playbook, if you’ve never made an acquisition before and you don’t have people inside the company to guide you, you’ve got to find all the help you can get.” ”says Glenn Fishler, President and CEO of Environmental and Occupational Risk Management, Inc.

Organize your Records Accurately

Investors are attracted by well-organized and accurately recorded information. Keep the record of customers, corporate structure, stockholders, bookkeeping of financial status, employees etc.

Private fund investors will be more likely to make the deal if your records are organized.

Protection of Intellectual Property

Value of intellectual property has increased quite a bit. The following are significant steps that need to be taken to expand revenue of your business: prepare the catalog of training steps, documentation of software, copyright of your website and trademark of your goods.    

Conclusion

By following the above mentioned strategies, you can excel and easily appeal private fund investors for your old and new business endeavors.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Red shoes from above on the white arrows,dilemmas concept buy or rent
Certainly, investing in real estate is a lucrative business. However, it is challenging to be an expert in every aspect of this moneymaking tactic. Thus, you need to concentrate on one thing in order to be successful and become potentially good at it.

The investment question of whether fixing and flipping or buying and holding properties is a smart real estate decision does not have one straightforward answer. Instead, the choice to opt one plan over another has to be an explicitly crystal-clear strategic plan, taking your overall investment and financial goals as well as present real-estate market opportunities into consideration.

Fundamentals of Fixing and Flipping

Typically, fixing and flipping can serve as a potential source of earning for real estate investments. In fact, many utilize earnings from their fix and flips to help them fund their long-term rental purchases. Generally, a fix and flip is a house that a real-estate investor purchases, fixes up, and sells out immediately to realize a profit. Here, you need to know that productive fix and flip houses are relatively difficult to find. In addition, it is also challenging to make money using them by any means.

Finding a house cheap enough to make profits is typically the biggest challenge when opting to flip a property. With the gradual improvement in our market, owner-occupied purchasers are facing trouble in finding great productive deals. In fact, it is even more challenging for anyone to find a house cheap enough to flip. Besides repair costs you bear when purchasing a flip, you also have to bear carrying, selling and opportunity costs.

Financing Expenses of a Fix and Flip in Comparison to a Rental Property

Short-term financing is expensive when you do not have enough money to purchase a fix and flip. Even so, average creditors may charge at least 15% interest with 4% upfront when you buy a home. In comparison to fix and flips, long-term financing on rental properties is much cheaper and easier to obtain. In addition, banks and financial institutions prefer long-term debts, as they will be getting interest benefits for a considerable time period. On the other hand, they will not be receiving interest payments on fix and flips for as long as a long-term rental, thus, they charge home buyers more fees and interest.

Repair Requirements: Fix and Flip vs Rental Property

Fix and flips require top-notch repair work to get great profits and, subsequently, the buyer bears significant costs. On the other hand, renters are often less picky about properties, as they are neither personally tied down to the apartment nor worried about the roof, furnace, structure, and plumbing – since they are not responsible for any disorder and breakdown.

Investors on a flip have to pay heavily for a home they will own for a long-term period. They will get an expert inspection in order to make sure each and every thing on the property works properly and was well repaired. Although we are not suggesting a homeowner skimp on repairs, certain things may require a repair right away on rental properties that have to be repaired imperatively on a flip. There are several other costs in relation to a fix and flip versus a rental that an individual has to consider when making real estate investments with a goal to make profits.

Instant Profit of a Fix and Flip vs Long-Term Earnings from Rental Properties

Long-term rentals provide you with a monthly cash flow as long as you own and rent out the house. One can also refinance the house upon owning it a year and subsequently take money out. The longer you own a property, the more favorable chances you have of the house appreciating in value and decreasing in mortgage. In addition, you also have the potential opportunities for the rents to increase considerably. If you are able to put off the immediate gratification of the money you make from a fix and flip, you are going to make much more profit in the long run through rental properties.

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 Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Sears Store Door Entrance in Southcentre Shopping Mall in South Calgary with Liquidation Sale Deals due to upcoming Corporate Closure and going out of Business
The death of brick and mortar retail is exaggerated. Retail isn’t dying, it’s just changing!

A Retail Round Up

Over the past decade, there’s no denying the fact that customers’ tastes, demands, and purchasing patterns have changed quite drastically, compelling the retail industry to change with them. The change in the industry’s dynamics is largely perceived as a ‘retail apocalypses’, leaving thousands of brick and mortar retail stores to close in its wake. However, this is not the only reason. Ever-evolving preferences and inclinations, lack of wisdom to run a retail establishment in the competitive environment, large upfront investment botches, and increased trust in e-commerce retail stores like Amazon, eBay, Alibaba and other similar online retail stores are a few of the major reasons causing retail establishments to shutdown at a massive rate.

The surge in the popularity of e-commerce retail stores bears testimony to the fact that online shopping is growing among millennials. They love to buy their favorite products online and get them delivered to their doorsteps with easy payment schedules. They have actually found an easy way out to save more time for themselves without having much to worry about. This is certainly one of the reasons causing the death of brick and mortar retail stores. However, when we look at the bigger picture, we are surprised to find that online shopping equates to only 8.1% of the total retail sales in 2017.

What Do Statistics Say About The Retail Meltdown?

According to the survey results compiled and revealed by one of the leading international retail agencies, worldwide retail sales accounted for $23.45 trillion in 2017, which is expected to grow and reach a whopping $27.73 trillion mark by 2020. Undoubtedly, brick and mortar retail is perhaps never going to die as long as this planet Earth exists and people are alive. There are times when a business or an industry has favorable grounds to thrive and vice versa. The brick and mortar retail industry may have seen a retail meltdown for the past few years, but that doesn’t mean that the industry has no chance to survive hard times and fight back to retain its lost image.

Why Retail Store Chains Are Facing The Most Closures

The predominant reason that is causing the death of brick and mortar retail stores is large upfront investment failures. Retailers, when they see profit margins and achieve success in any specific locality, get excited about opening more of their retail stores in different areas. This excitement often leads them to set up more stores and spend carelessly on improving their in-house customer experience and facilities. The great sums of money spent on creating an ideal shopping environment are largely misunderstood by most of retailers. Often, they spend impractically and unreasonably on creating an extravagant shopping environment, which increases their investment and costs. This, besides expanding their operations, causes the death of a brick and mortar retail store.

What Should Be Done To Prevent The Closure?

In order to maximize cost reduction, you must first cut down your large upfront investment and allocate adequate resources to get things moving seamlessly in the right direction. Secondly, you must provide an exquisite shopping experience with a unique in-store service. Also, you must a hire a professional accountant for bookkeeping services who will provide you with a clear picture of your finances, tax details, bank loans, etc. for better financial decisions. Moreover, you must reevaluate your retail objectives and retail establishment’s strategic mission, especially your supply chain channels. Last, but not least, you must do a root-cause analysis of each problem and come up with a relevant strategy to recover from the crises situation. By taking all of these effective measures, you can expect to prevent the death of your brick and mortar retail store.

Brick And Mortar Retail Is Still King!

The death of brick and mortar retail is nearly impossible. Although thousands of brick and mortar retail stores may be closing their doors due to bankruptcy or lack of creative wisdom to stay competitive, online retail stores and their total earnings can never come near to the overall earnings of brick and mortar retail stores around the globe–at least any time soon. This makes it safe to say that brick and mortar retail is still king (or queen!) and all of the stories associated with the death of brick and mortar retail are baseless.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

the rest of the people in Sweden are in Stockholm, center city, evening, green grass in the Park, picnic on the lawn
Certainly, investing in a business renders profit when it is being executed efficiently with effective performance. Likewise, investing in sports and recreational facilities builds stronger, happier, safer, and healthier communities across the globe.

In fact, parks, public spaces, sports institutions and recreational facilities are an integral element of the physical atmosphere, human environment, and culture of any region. They also render a potential positive financial impact; however, it is usually overlooked.

There is a long list of recreational and outdoor facilities, including cycling and walkways, camping and caravanning, motoring and transport, boating and fishing, and special programs for kids, teens and young individuals.

Property Values

Recreational facilities potentially boost the property prices of surrounding houses, apartments and offices that produce considerably more property taxes for the town or city government. Although outcomes are different, studies demonstrate that a property’s proximity to parks enhances its price value by up to twenty-two percent. Also, the inherent value of a park largely depends on the quality and size of a park. Beautiful parks with additional recreational facilities, such as tennis courts, pools, fishing, or cultural activities can generate higher premiums.

Health

Green spaces and sports facilities help in encouraging active lifestyles as well as reducing stress thereby promoting a healthy environment. Consequently, recreational facilities help reduce healthcare costs. Also, exposure to green environments helps increase focus, reduce ADHD/ADD, lower blood pressure, improve sleep and mood, boost the immune system, and expedite medical recovery. Even if exposure to green spaces and parks reduces anxiety and stress by only five percent (studies indicate it as a low number), the production cost savings can be ensured by at least $2.73 billion each year.

In fact, a 2001 case study on citizens of a Chicago housing project showed the positive impacts of nature, greenery, and recreational activities on even chronic, physical, and mental issues ranging from a stressful life to obesity.

Environment

Recreational facilities, especially parks, and green spaces reduce environmental pollution as well as support storm-water management thus saving the environment as well as money.

Tourism

People are interested in visiting areas where there are plenty of recreational facilities. Thus, the more that a city or town has worth visiting, the more tourists’ favorite place it would be. The estimated total value of tourism based on green parks in the hundred largest cities of America is about $494.28 million, which is a massive amount.

Social Capital

The arrival of visitors to parks and the collaboration of individuals of diverse backgrounds and varying mentalities with other differences in these places create feelings of community as well as social capital.

At the most fundamental level, recreational volunteer organizations, green environmentalists, and park activities provide community building, social grooming and other valuable hours of services that, in return, render a sense of self-responsibility for community well being and human development.

Government Initiatives

Considering all of the above advantages of recreational facilities and many others we didn’t mention, municipal authorities and government institutions of different cities and states take necessary steps in supporting the infrastructure and development of a diverse and sustainable green, sport and recreational system. This is because, as discussed earlier, such a system develops talent and contributes to the health and well being of people, communities, and the environment. Consequently, well-educated nations strongly advocate the incredible benefits of sports and recreational facilities, not just regarding physical advantages, but also regarding emotional, mental, environmental and communal benefits.

Conclusion

Investing in recreational facilities is as important for a city, state, or nation as it is important for a business to do bookkeeping and maintain its financial records. In fact, regions with a scarcity of necessary human facilities, sports systems, and educational institutes are increasingly abandoned. Also, such areas trigger the challenge of survival as the unhygienic environment can cause significant health, social and communal issues, considerably impacting the tourism, communities, diversification, environment and many other aspects of a state or nation negatively. Consequently, it can be said that investing in recreational facilities is a critical requirement for all regions.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.