Are You Thinking of Traveling the World and Working Online?

Contributed article in our business series. Enjoy! – Kimberly

Thanks to the internet, it’s now easier than ever to start your business without being tied down to one place. With an increasing number of jobs now possible remotely and the fact that it is easier than ever to start a business online without the need for an office or store, becoming a ‘digital nomad’ or somebody who travels the world while earning an income online is an increasingly popular career choice. It’s easy to see why; being your own boss and having the freedom to travel wherever you like is much more appealing than most standard 9-5 office jobs. So, what can you do to succeed with this lifestyle?

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#1. Gain Relevant Qualifications:

The good news is that you don’t always have to have qualifications in order to work successfully online. For example, if you are experienced with social media, have a good knack for writing, or can easily conduct tasks such as e-mail management and admin, you may want to consider offering your services as a freelance social media manager, writer, or virtual assistant. On the other hand, gaining relevant qualifications can lead to better, more lucrative remote working opportunities and give you the edge you need over your competition when setting up your online business. The best part is that there are several online programs you’ll be able to complete as you travel and work.

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Investing in 2019: Do You Really Need It? This Will Help You Decide!

Contributed article in our business series. Enjoy! – Kimberly

Investing has long been the favourite of many with some spare cash. As the years go by and investment trends change, we still find ourselves asking the same question: is this a good investment year? This is because our society and lives are always changing, meaning that opportunities for investments are changing, too.

In that spirit, it’s time to ask the same question again. Is 2019 a good year for investing? If so, on what front should you invest? People who have been in the game long enough will tell you that the opportunity to invest is better or worse, according to the market you’re aiming for. It’s always safer to do your research thoroughly before you start investing in anything. Investing isn’t for everyone, and you should be able to make an informed decision before anything major happens.

1. Pay off your debt

If you’re in a good place financially right now, it may be a good time to think about paying off your debt. The safest invest is always in yourself and your future. 2019 is the year of many debt paying options, allowing you to safely and securely get to your clean slate.Continue reading

Finance Strategies For Beginners

Contributed article in our business series. Enjoy! – Kimberly

The key word in life when talking about our financial state is investment. Simply put everyone should and could do it. A lot of people can make a lot of money from this very broad activity. The most common problem we encounter is the false presupposition that investing is impossible for the inexperienced beginner. Those kinds of concerns, especially in today’s abundance of information and investment opportunities, are unfounded. Anyone can understand the basics and move on from there. The trick is to get started as soon as possible. With whatever we currently can. In this article, we will go over the basic principles that go into all financial endeavors.

1.    Knowing the Terminology

We do not need much to get started on our own investment journey, but we do need to know all the necessary terms. So, let’s go over the most basic ones to make our life easier down the line.Continue reading

How Is Internal Rate of Return a Key Element In Making Financial Decisions

Contributed article in our business series. Enjoy! – Kimberly

Every business aims to achieve a considerable growth rate, and it can be scaled by making the right business decisions. Growth can be expected out of a change in plan i.e. diversification of business activities. This can be achieved by investing in new projects and new developmental opportunities.

What affects this crucial decision is the Internal Rate of Return (IRR) of the enterprise. It is the effective annually compounded rate of return at which all the cash flows associated with a particular investment comes to zero. Let’s have a quick view at how IRR helps you in making life-altering business decisions.

  • Helps in choosing the best project

An organization can have several project ideas to invest in, but it’s wise to select the best fitting investment option which yields better results. IRR helps in analyzing all the project values and provides you with an idea of expected yield from it. An ideal IRR exceeds the cost of capital of the company.Continue reading

What Cryptocurrency Could Mean for Your Business

Contributed article in our business series. Enjoy! – Kimberly

If you are a business, you need to evaluate the market and find ways in which you can offer a better standard of service. If you are aware of cryptocurrency, you may wonder if there is a way in which you can implement into your business.

There are many benefits associated with cryptocurrency and it could mean many positives for your business. If you are looking for the positive reasons to implement cryptocurrency into your business, such as accepting payments, you will find that the following reasons are all important things to consider.Continue reading

Investing in an Idea You Like Will Always have Good Results

Contributed article in our small business series. Enjoy! – Kimberly

Everybody is aware that they need to invest in something that will become sustainable and profitable in the long-term. But not many people have wondered what does this exactly mean. The world is full of ideas, but not all of them provide good results. The greatest ‛wisdom’ you’ll hear is that you shouldn’t invest in an idea, but in the person behind it. This also has numerous misinterpretations – people tend to think that that person needs to be wealthy and equipped with lots of influence and connections, but that’s not entirely the point. The indicator for your investment should be your relationship to an idea – do you like it or not. Although it sounds suspiciously subjective, if an idea feels right and you’re attracted to it, you should go for it.

The funding landscape of startups is not what it was fifteen years ago. Many new funding options are under development, providing more ways than ever to get the ideas off the ground. That means almost everyone is able to invest in the next unicorn if they play it right. People always talk about the important questions of investing in an idea – does it address particular problems, do target consumers need it, and are they able to afford it. While the perfected pitch that answers all these questions is desirable, it is not the only indicator. Your personal hunch can sometimes provide you with better results than any analysisContinue reading

How to Save Money as a Startup

Contributed article in our small business series. Enjoy! – Kimberly

Startups are notorious for running into financial difficulties before they reach the maturing point at which they’re stable and secure enough to be considered successful small businesses. It’s imperative that startups are tight with their money, ensuring that their cash flow is as efficient and well-attuned as possible. Hemorrhaging cash when at the startup phase is an absolute path to failure. It’s in this sense that this article aims to provide money-saving advice to startups. The tips provided below are designed to reduce losses to an absolute minimum, which will mean your young startup will be best-placed to succeed.

Consider Your Tax

Small companies benefit from a series of tax breaks and incentives that you should school yourself on before you make specific financial commitments. Continue reading