The Importance of Building Credit at an Early Age

Contributed article in our financial series. Enjoy! – Kimberly

Finances are a crucial part of a person’s life if he wants to be successful. One of the best ways to secure your finances is to practice good habits while you are still young. You may possibly now know how essential it is to live within your means and save money for the things that you want but the concept of building a good credit at a young age might still be not on your mind.

Nevertheless, building your credit score early is an important factor in achieving financial success. Here are some reasons why you have to establish good credit while you are still young:

Can Qualify for Future Loans

While you are still young, you might think that you can live completely free from debt. Continue reading

3 Financial Tips for New Entrepreneurs

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

As a new entrepreneur, you’re likely learning a lot about money. This is because as opposed to working and earning a salary, you’re actually the one who has to hire workers and pay their salaries amongst other things. As a new entrepreneur, it’s imperative that you get good at finances whether you happen to be an accounting major or not. This is because knowing where your money is going, how much value it’s bringing you and how to make it work in your favor is essential as a business owner. On that note, this article is going to explore a few financial tips for new entrepreneurs.

Learn to Budget

When it comes to successfully managing finances, budgeting is key. It’s imperative that you’re able to work with what you have without continuously going over your budget. Continue reading

How to Keep Safe & Well at Work

Contributed article in our business series. Enjoy! – Kimberly

Health and safety should be at the forefront of every business’ priorities. Not only are they legally obligated to offer their employees a safe working environment; improving the company culture can boost their workforce and help increase employee retention for years to come. You need to take advantage of all the benefits that are offered to you because it is only when both you and your employer prioritize your safety and wellness can you truly thrive in the working environment. To help you love your job, start by following these steps.

Listen and Follow to All Safety Guidelines

If there are safety rules and guidelines at your workplace, it is important that you follow them and that you do your part to maintaining the overall safety at your workplace. If it your job to check the state of the machinery on a certain day, and you don’t do so for whatever reason, you could be liable if any injuries occurred on that day. Do your part to keep your workspace an enjoyable and safe environment for everyone.Continue reading

5 Tips for Running an Efficient Legal Business

Contributed article in our business series. Enjoy! – Kimberly

The first thing to do, whatever type of business venture you have your heart set on, is to have a plan in place. It can be long and detailed or concise and to the point. The important things it will need to cover will include how you’re going to start and then run it. It should include a profit-loss forecast, a cash-flow analysis, and a break-even analysis. Once you’re up and running, there is a variety of things you can do to make it more efficient. Running a legal business is not the easiest of ventures to choose. The hours are long, and you’ll have the problem of juggling several responsibilities. However, with these five tips in mind, you will be the proud owner of an efficient, successful legal business.

Automate Your Processes Where Possible

There’s a large amount of paperwork constantly floating around in a legal firm. A great way to save time and speed up some of your processes will be to use software that can be used for merging data into document templates. Using cloud storage for client and court documents, bookkeeping and internal processes will mean everything is available whenever and whoever needs it, whether they are in the office or not. Continue reading

How to Fund Your Start-Up

Contributed article in our business series. Enjoy! – Kimberly

Start-up culture is something that has been defining the business world in recent years. With hundreds emerging every day, people are quickly discovering what it is like to take the reigns in their own business. Unfortunately, lots of these start-ups don’t make it past the first year. This is usually down to a lack of funding to kickstart their business. While it can be easy to give up when this happens, you shouldn’t let finances get in the way of owning your own business. Luckily, there are many ways you can find this funding that is more sustainable than taking out countless loans, which will soon see you on the way to success.

Personal Savings

Lots of people choose to finance their start-up with their personal savings, which can give them a great sense of achievement and independence. However, not everyone is in a position this fortunate. When this happens, you can top-up your savings until you have enough to fund the first few months of your business. Keeping your day job and following savings plans are a great start, but you can free up more time to spend on your business by investing. Currently, stock trading has become the go-to, where copper trading is on the up again. The best copper stocks should be easy to navigate when you become used to the world of trading.Continue reading

The Qualities of a Successful Business

Contributed article in our business series. Enjoy! – Kimberly

A successful business requires a lot of work. For your business to be well off, you must first understand what that means. Even with products and services that are popular, there is a need to innovate continuously. That is why it is important to be creative and unique and continue to do so at every stage of the venture. Secondly, as the employees are the heart of any company, the type of people that you hire will greatly affect the end-results. This, in turn, will also alter the company culture, and will thus continue to make it appealing to the right type of prospective employee. You can’t forget about a good online presence so that everyone can find you, the power of emotional marketing, financial stability, a good strategy and taking a look at what the competition is doing. After all, you always want to aim for better. Persistence and adaptability are the final two points to consider.Continue reading

5 Popular Myths About Starting Your Own Business

Contributed article in our business series. Enjoy! – Kimberly

If you have yet to launch your first business, it could be easy to believe the many myths about starting a new company. As a result, budding entrepreneurs might be deterred from launching their first business, or might launch an enterprise only to experience a few nasty surprises along the way.

As with any business decision, you must look at the facts to make a decision that’s right for you. Here are five popular myths about starting your own business.

Myth 1: You Need Investment to Start a Business

Believe it or not, but you don’t need a considerable amount of money to start a successful company. Yet it’s a common misconception that you need to seek investment to help kickstart your new venture. However, statistics prove the opposite is true. According to Fundable, only 0.91% of startups are funded by angel investors, and only 0.05% are funded by venture capital investors.Continue reading

7 Ways To Transform Your Business From Good To Great

Contributed article in our business series. Enjoy! – Kimberly

It’s nice when business is good, but even better when it’s great, and you find your company flourishing and moving forward seamlessly. Unfortunately, this type of transformation doesn’t happen overnight, which means you need to remain patient throughout the process.

You have to be dedicated and committed to consistently improving how your business functions and making sure you’re putting your customers first. Going from simply good to great isn’t easy, but it is possible with the right approach and mindset in place. Now is the time to stop wishing your situation was different and start taking action that will make a real difference in how you operate.

Set Goals & Write A Business Plan Continue reading

3 Simple and Cost Effective Marketing Strategies for Your Small Business

Contributed article in our business series. Enjoy! – Kimberly

The very success of your business relies on marketing. Without the necessary influx of clients, you are not going to be meeting the profit margins necessary for your business to survive, let alone flourish and grow. As a small business, you need to build yourself a solid reputation as a reliable company with good quality service, and that can only be achieved by a well thought out marketing plan. There are many aspects of marketing, from the promotion of your services to public relations in the local and broader community, and therefore there are many different aspects you need to consider. If you are looking for affordable and effective advertising techniques, then here are a few simple and cost-effective marketing strategies to get you started.Continue reading

Startups: 3 Business Mistakes You Need to Avoid

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

Starting a new business is an exciting but busy time. Your to-do list is as long as your arm, and unfortunately, you only have a limited number of hours each day to achieve them. It can be overwhelming, but you need to have the discipline and resilience to carry on and make an impact.

New entrepreneurs are vulnerable to making the same mistakes time over, and so you need to be vigilant that you don’t fall into the same trap. Here are three mistakes that you need to avoid.

  1. Not Understanding the Value of Money

Startups invariably have limited cash flow, and that means that money is at the forefront of every decision being made. New entrepreneurs typically fall into one of two camps: those that spend money freely to make more money and those that spend the bare minimum. You must understand the value of your money.Continue reading