July, 2018

The Influence of Cryptocurrencies on the Business World

Towards the end of 2017, Bitcoin, the capo di tutti capi of the crypto world, has soared to its historically highest heights, having since dropped from the bonkers price of nearly $20,000 to the rather modest $6,500 ballpark. When this spike started, however, the price of BTC was “mere” $2,000, so in retrospect, it’s still established a more-than-bifold growth since May 2017. What does this mean for the crypto world? No one can tell. Bitcoin might crash miserably or it may well start growing towards the $100,000 mark. What is certain is that the crypto world has made and is still making an impact on the business world.

The Startup Business: How to Make Your Company Look Attractive to Potential Investors

As a startup, it’s extremely important to make sure you look good to investors. There are many different things you can do to make sure you look good, but not all of them work. These things will help you look good to investors no matter what kind of startup you have!

Have a Clear Direction

If you know where you’re going with your business, you should have it written down. It’s a good idea to focus on what you want to do with the business so you can show people what your plans are for the future. You can also make sure you’re doing everything the right way if you want to be sure the business is going to succeed in the future.

Can You Make a Profitable Business Out of Buying Salvaged Vehicles?

People who have a cash crunch and those who are in search of a good deal would be finding great solace in buying salvaged cars. With ample research online and good luck, you would be identifying a reliable car that would be quite affordable and save you a lot of money. Often salvaged cars prove to be quite reliable and very helpful just like certified pre-owned cars.

Reasons Why You Must Invest in a Salvaged Vehicle

Four questions that will help you understand if co-working is your cup of tea

There is a shared belief that coworking spaces cater to the 20-something caffeine-charged dreamers, who do not have enough budget to power their dreams. There was a time when shared office spaces weren't a thing. They were the anomaly in a world of 9-to-5 conformists. People shied away from these shared work areas because they were "distracting," "unproductive” and "limiting." It was the late 2000s when it was somewhat easier to find dedicated office spaces on rent and shared spaces were spotty nooks scattered across the city. People found these places out of need through word of mouth, rather than the web. Social media and co-working had not yet met, and those working at these places were somewhat “outcasts” in the professional world.

4 Ways To Advertise On A Budget

Many new, small businesses have a relatively small advertising budget (and a small budget in general), and this can be a problem when you want to ensure that your message reaches as many people as possible. Don’t worry though; it’s possible to advertise on a small budget and still get the sales and interest that you need. Here are some ways to do it.

6 Ways to Improve Customer Satisfaction

Improving customer satisfaction is one of the most important tasks of any business, seeing as how it determines whether or not they will come back after the first purchase. According to one statistic, only 8 percent of return customers make as much as 40 percent of your entire profit, mostly because they A) come over and over again and B) feel free to make more expensive purchases. Nevertheless, if your business doesn’t offer them much the first time around, it isn’t likely that they’ll return for the second run (let alone third or fourth). So, here are six quick and efficient ways to improve customer satisfaction.

5 Advertising Tips for Small Local Businesses

The average small business spends approximately 8% of their annual profit on advertising. This doesn’t seem like a huge chunk of money and, if done right, it doesn’t need to be. Advertising comes in many different forms and in today’s world, much of that is geared toward the online market. But what about small businesses? And more specifically, small local businesses. Those “Mom and Pop” shops that are tucked away in tight-knit communities where word of mouth is as good as gold. If you own this type of small business your advertising efforts will look a little different than your conglomerate counterparts. Here are five ways to successfully market your small business within your local community.

Licenses and Permits That Startup Owners Need To Think of

Starting on your  business undoubtedly requires a lot of work. On top of all the other things a future business owner needs to think of, are the licenses and permits needed for the new business. Startups need permits for a lot of things, but which ones you need specifically is determined by the kind of business you’re starting. The requirements are regulated by federal, local, state, and country rules. It doesn’t have to be hard getting your licenses if you know exactly what you need.

4 Ways to Improve Finance and Accounting Department Efficiency

Your finance department is, quite simply, the organization that helps manage your company’s money. They help you plan, organize, audit and account for your company’s expenses, and they help produce financial statements. The finance and accounting department within your business has many requirements to meet, which is why, if you do not help simplify or manage their workload, chaos can ensue.

3 Ways Your Company’s Budget Directly Affects Product Quality

Balancing a budget is a never-ending task. Just when you find a way to save some money in one area, it seems that costs rise in another. Cutting costs, however, can sometimes end up being costly if they lead to a decrease in quality. If you sell a product or service, your consumers and clients have generally come to expect a certain level of quality from you. If your quality suffers, so does your business. Here are 3 ways your company’s budget directly affects product quality.