Blog Blog Copyright by en Thu, 14 Dec 2017 23:35:59 -0500 How to Put a Value on Your SaaS Business For many business owners, the thought of selling a business they’ve worked so hard to build may never even come up.

However, for many SaaS, PaaS, and IaaS entrepreneurs, the business was built with the intentions of selling it one day and letting an investor pick up where the entrepreneur left off.

That means they’re going to need to figure out how much their business is actually worth to a buyer.

Often, sellers look toward the figure other businesses have sold for, which can create a variety of problems. Businesses tend to sell on a wide spectrum of values, and one business may be significantly different than the next.

Some businesses will have a full team of people with 10 years of consistent growth, while others may be 1 or 2-person operations with a couple of years of rapid growth. Each of these businesses will have different values to different investors.

All this means is that to understand how much your own business may be worth, you’re going to need to look at the factors that buyers are going to be looking at, and then make sure your own business can stand up against other businesses should you decide to sell it. Even if you don’t wish to sell, it’s always good to see where your business fits in the current marketplace.

Your Value Has a Lot to Do with Your Growth

As investors look at your business, one of the first factors they’re going to dig into is the business’ growth and how consistent that has been since you started building it.

They want to see how you are generating new leads for the business, how you’re converting those leads into new customers, which products and services you’re offering, and how long you are able to keep a customer.

The best businesses are able to show investors how they are performing in these key areas.

If your revenue rises and falls, investors may be less willing to offer a higher asking price than they would if the business has grown consistently from year to year. If there is still potential left in the business, their offers may go up, as well.

If your sales are constantly going up and down, or if you’re heavily reliant on a single large contract for the bulk of the business’ revenue, buyers could see the business as risky and not want to submit an offer.

Your Marketing Will Affect Your Valuation

You will also need to show the marketing strategies you have used to grow the business.

Buyers want to see the traffic sources that you’re relying on, and how well you’re able to generate new leads through content marketing and search engine optimization. These two strategies can generate incredibly targeted high-quality leads.

Unfortunately, many SaaS, PaaS, and IaaS business owners do not place enough emphasis on search engine optimization or content marketing, and end up leaving a lot of money on the table during the sales negotiations because of it.

Clients may have been flocking to you, lapping up your innovative offering but that’s unlikely to last forever. There is always someone else with a similar and maybe better idea waiting to open up shop. Investing in marketing is important for the long term positioning of your brand and growth of your business.

Investors Do Not Want a New Job

The amount of time your buyer needs to put into the business once they acquire it also plays a role in how much they’re willing to pay for it.

To give you an example, if you are currently putting in 40 to 60 hours a week just to maintain your business, and if you fail to put in those hours the business will begin to slide, it’s going to be seen as risky by investors.

On the other hand, if you have a completely hands-off business, investors may also devalue the business because they believe it may be being neglected in some way.

The real value lies in the fact that investors do not want to buy a job for themselves but they do understand that maintaining a high-end business does require some sort of effort on their part.

ARPUs Aren’t Always Reliable

Most business owners will want to rely on their ARPUs, or average revenues per user, to figure out how much their business is worth.

Investors do know that your APRUs will eventually be used in the valuation, but comparing the APRUs from one business to the ARPUs of another business can be incredibly misleading.

To help you understand this concept, let’s take a look at two different SaaS businesses. One sells directly to consumers and has lower APRUs as a result, while another has higher APRUs but sells directly to large corporations. Each business will be worth a significantly different amount.

How Quickly You’ve Grown Is Important

When it comes to SaaS / PaaS / IaaS businesses, how long you’ve been in business isn’t nearly as important as how well you have grown, and whether the growth you’ve experienced is able to be sustained.

You’re going to need to be able to show investors your churn rates, lead conversion rates, and any growth trends that you’ve identified as still remaining in the market.

You’ll also need to look at how much your business depends on annualized subscriptions and monthly subscriptions. Businesses that are more reliant on annual subscriptions will take longer for an investor to see an ROI.

Your Business Should Be Transferrable

Some businesses, while incredibly profitable, are almost impossible to sell because they cannot be easily transferred to a new owner.

To give you another example, if the code in your service is undocumented and full of bugs, you have financials that are hard to understand, or there are agreements in place that the business relies on that cannot be transferred to a new owner, obtaining a high valuation may be impossible to do.

Digging even deeper, you may have used a payment processing company that investors cannot use -- such as PayPal, that cannot be used in certain countries around the world.

To obtain a high valuation, you need to make sure that an investor can easily step into your role as the new owner without worrying about the business dropping in revenue or having to deal with putting out fires you should have put out before you listed the business for sale.

How Much Is Your SaaS Business Worth?

This isn’t a simple question with a simple answer. As a broad range, SaaS businesses sell from 2.5x annual profit SDE on the lower end to 4.0x their annual profit SDE on the higher side.

The range is huge but for good reason, there are so many variables. Looking at those outlined above will give you an idea of value and also give you an idea where you might want to make some improvements or investments in your SaaS business.

Uncategorized Editor Tue, 07 Nov 2017 22:36:27 -0500
5 Ways Restaurants Can Cut Costs

Whether you are struggling with the after-effects of a particularly dull sales period or looking to revamp your restaurant business, budgeting and cost-cutting are the top-most priorities of the restaurant owners to make their business profitable.

Small profit margins and high completion in restaurant industry further make cost-cutting an essential aspect of any food business. Right from choosing the best yet affordable restaurant supplies, optimizing the inventory to reformulating the menus & recipes restaurants do everything to save some bucks.

If you’re in the restaurant business and looking for smart and efficient ways to cut costs, here we are discussing the top 5 ways restaurants can cut costs and make their businesses more profitable in long-run-

1.     Make the right choice of restaurant supplies

Choosing the most efficient piece of restaurant supplies is a great way to start cutting down the restaurant costs. In fact, having the right tools and supplies means the world in any food or restaurant business. The restaurant kitchens are heavily dependent on high-quality equipment and restaurant supplies such as ovens, fryers, blenders, steamers, grills, garland range etc.

These restaurant supplies make a large part of the restaurant's utility bills and overall cost head. The first and foremost thing to do is replacing the outdated appliances and equipment with energy-efficient restaurant supplies models from a qualified service provider such as Nella Cutlery. Not only it will help you save money on the utility bills, the high-quality restaurant supplies will also maintain the proper ventilation system in the restaurant kitchen, saving further can cost on electricity bills.

Below are few tips to choose right restaurant supplies and cut cost:

  • Pick as per the theme: There are plenty of options available to choose from when it comes to restaurant supplies of different make, models, and varieties. However, it is essential to use discretion and find the equipment, cutlery, and other restaurant supplies that match the theme of your restaurant instead of wasting money on assorted buying.
  • Consider maintenance: While choosing the restaurant supplies, remember to go for something that is of high-quality, easy to clean, and maintain so that you don’t end up spending on replacement costs every now and then.
  • Don’t splurge on limited edition cutlery: Although it is tempting to splurge on the limited-edition cutlery and other restaurant supplies by premium brands, it can make a huge dent to your overall restaurant budget. If the objective is to cut down the cost, it is essential to prioritize functionality and quality over other things.

2.     Hire the right set of people

Staff & employees are, undoubtedly, the largest expense for most businesses including the restaurant business. In order to cut costs, it is essential to retain the most qualified and competent employees long enough to capitalize on this up-front investment the restaurants make in hiring them. Remember that the longer the staff or employee stays with the restaurant, the less money they cost. The right combination of talent and experience in the employees working for you can make a great difference and help you cut cost in long-run.

3.     Save on the supplies

Other than using the energy-efficient and cost-saving restaurant supplies, another area where the restaurants can cut cost is on delivery supplies. In most of the restaurants, the delivery supplies eat up a large portion of the restaurant budget and disrupting the entire costing. Some of the ways the restaurants can cut cost on delivery supplies are-

  • By making systematic changes to the supply buying routine such changing the deliveries to a weekly mode instead of daily or if few vendors doing the different supplies can consolidate their operations, it will also help in cut down cost.
  • Streamlining the buying process and cut cost on overhead expenses such as transportation cost etc.
  • By making strategic decisions such as placing larger orders less frequently etc.

4.     Cut down on unnecessary ingredients

The general rule in the restaurant industry is that 20 percent of the overall menu represents 80 percent of the food budget. To effectively cut the costs, it is essential that restaurants make sure that the unnecessary ingredients and menu items aren’t eating the budget more than essential.

5.     Optimize the Inventory

The wastage of food is one of the leading costs in food businesses and restaurants. To cut down on this unnecessary expense, it is essential to optimize the inventory. Although in the food business, especially restaurants, there is a general perception that having an overstock of inventory is the sigh off preparedness, but it leads to a lot of wastage and food spoilage at the same time.

If you are looking to cut down the cost, start with optimizing your inventory. Not only it will save wastage but will also minimize the chances of theft, misplacement or wastage of the inventory.

Uncategorized Editor Mon, 06 Nov 2017 23:04:24 -0500
10 Misconceptions about CRMs Debunked

“Customers may forget what you said, but they’ll never forget how you made them feel”, says Brain Tracy, Author and Motivation speaker. Customers are the real assets of a company, you need to manage and analyze them throughout the customer life cycle if you want to improve the business. This is why Customer Relationship Management is considered as an effective approach to achieve this. However, there are several myths regarding CRM you need to understand. Here are 10 misconceptions about CRM:

1.     It is Expensive

Something looks expensive only when it is not worthy. You can easily pay $10 for a delicious burger, but you will feel regret if you pay even $5 for an unpalatable burger. On the other hand, CRM costs less than you pay for your lunch when you consider monthly subscription. Additionally, you will be surprised by the extent of profit once you go for Customer Relationship Management.

2.     No connection with Social Media

Social Media is the best way to build relationships with your customers as well as clients. Hence it is important that the CRM integrates with social media. In today’s best real estate CRMs, you can get instant access to the social media info for your clients in your contact with a single click only. Moreover, it helps in the adaptation of your relationship with them.

3.     No support on your Mobile

In today’s world, everything is wrapped in your cell phones. You check your phone upwards of 100 times per day on an approx. It is necessary your CRM has its feet to your cell phone, because it is an effective way to provide your customers an ease for the interaction. Eventually, it includes a Mobile app through which responding has become an easy task for all.

4.     Ultimately its you, who will work

This is a thing of the past. Previously, even for newsletters, they used to provide a blank sheet and you had to write and create designs yourself. However, things have evolved to a better extent. Now they provide professionally designed and written e-Newsletter. Moreover, the e-Newsletter they provide are completely automated.

5.     Limitation in Automation

You live in a world where no one wants to work, but everyone wants outcome. In other words, automation has become a need nowadays. You can say automation is like a magic. Hence, in CRM also, people expect a complete automation. It is not stupid even, if you are paying much, you deserve automation. However, it is a myth that you don’t get. Most of the Customer relationship management softwares allow you to automate your lead capture, mass assigned automated keep-in-touch call reminders, drip email campaigns and send e-Newsletters in your database.

6.     CRMs don’t provide content

As stated earlier, there are many things that belong to the past. Technology has been evolved with time. A very common myth is “CRMS don’t provide content, they are just software”. If you had said this few years back then it would have been true, but now it is just a misconception. Now, it provides content according to the need and demand.

7.     You cannot determine your Return on Investment

This is another misconception which is a thing of the past. The best CRMs provide you special tools you need to see exactly what ROI (Return on Investment) you’re getting. You get the ability to check if your customers are opening your email or not. It helps you in determining the key-performance indicators as it relates to your business goals. Moreover, you get to see how CRM is improving your business through its tools.

8.     Old school ways were easier to keep in touch

Remember the sticky notes spread all above your table and bulletin board to remind you for particular reasons? Those were really effective. However, it doesn’t mean you don’t get these options in CRMs. It provides you mass assigned automatic keep in touch, reminders, birthday reminders and automated reminders for anniversaries. You don’t have to use those antiquated methods of sticky notes all around your office.

9.     You can’t create video content

When it comes to marketing, video contents are considered as the most effective way. People expect video content from marketers. Gradually it has become an innovative way to connect with the audiences. It provides you with a video recorder and video library to create video content for your customers.

10.  Setup is too complicated and lengthy

Gone are the days when technicians or guides used to take sessions weekly for the proper setup. Now you get end to end setup helps, you need not to worry about the configuration. The onboard team works closely with you to get every aspect of the system.

There are other myths and misconceptions too, which really confuses you while integrating with CRM. All you need is to debunk those misconceptions and go for it. In a few days you will see the change because it will improve your marketing strategy and you can offer more services to your customers. Eventually, customer service is the new marketing!

Uncategorized Editor Tue, 31 Oct 2017 10:29:54 -0400
4 Tips to Improve Project Management Success

There can be multiple challenges to keep a project on track within a budget when it comes to project management. There are many factors that you must consider because there can be various internal and external elements that can cause a project to derail. The success of the project also relies on the ability of the project manager and the methodical approach that he uses to execute project. The approach should be aligned with the needs of the clients and with the strengths of the team. Although most of the project managers know how to manage the work flow and how to measure the success of the project but how to do it right is the actual task. The best project management tips and tricks are learned with time and experience but we will list 4 tips in this article that can help you to improve the project management success. All you need to do is to have an excellent plan and few precautions and you can lead your project to success.

1.    Nail down the project details and identify the requirements

Before stating any project, you should make sure that your project is based on a solid foundation and you have the buy in from all the stake holders. Do your research and understand their interests and what they expect. This will help you to determine whether the project will get successful or not. Make sure that the scope of the project is also identified and every team member of the project knows it role and responsibilities. After doing that, create a project plan and check whether the goals of the elements are defined or not. They should be aligned as well because only then you can measure the success criteria of the project. Create a schedule for the tasks, a target budget and confirm that the customer is satisfied with the functionality. One thing that is very important is to make sure that the project meets the government and industry’s regulation or not. Making a complete plan can make a huge difference in the success of the project.

Now that is all about planning the project and once you have a strong plan the next you must do is to implement it with the help of your team. Your team will be a unit of individuals that will work towards a common goal and being a project manager, you should structure a team whose combined skills can help you to achieve your goal effectively. To build a successive team assemble and organize your available resources and make them to work together. Increase the capabilities of the team by integrating the individual skills and talents. You must align skills according to the needs of the project. Let every individual know about the task that he must perform and let them know that what would they provide at the completion of the project.

2.    Lead them by creating milestones

As you will be leading the team in the project so you must cultivate good and positive team dynamics. Be the mentor for all the team members and get the input from the project team and stake holders. You should inspire the team as well in the time turbulence and the best way to do it is to lead from the front. An effective leader ship can make a huge difference in the success of the project. Also, identify the defining moments of the project. You don’t need a project management certification to identify it. After identifying them create a life cycle based on the four phases that are initiation, planning, execution and closure. Creating a life cycle will help you to evaluate the situation at the end of each phase. Now examine all the deliverables and make sure that it is according to the expected quality and it is according to the customer requirement or not. This will eliminate the risk because you can monitor the project effectively. Tackling problems at the time of development is a key to the success.

3.    Keep in communication with the stake holders

You must keep your communication lines open and this goes for the team and for the stake holders as well. Being a project manager, you should create a communication plan and to stick with it. Be consistent, clear and open with your team members and stake holders and stay in contact throughout the process. Provide them with the information that they can use to plan. By providing information and updates you can keep your stake holders and team members on a same page and you will increase your chances of project management success.

Also, work as a professional. Before the initiation of a milestone, get documents signed by the stake holders. This methodology will ensure that the project team is covered in terms of expectations. Even with the best project management, it is not possible at times to complete a project in time and within a budget. Don’t complicate the process with over documentation but keep appropriate documentation ready for the stakeholders and plan for any unseen event.

4.    Avoid scope creeps and minimize the risk

Scope creeps happens when a new element is added to a project that is already approved and there is no consideration of increasing the budget, resources or time. Managing this scope creep is an essential task in the success of the project management success. To avoid this, you should come up with the proper documentation and those documents must be signed by the stake holders. You will experience risks at different phases of the projects and there are very few projects with no risks. A guide to the success is to foresee the risks and to take proper actions that are needed. This is only possible when you communicate. Because then you understand what risks are approaching and how you can manage them before they get out of your hand. Controlling a risk before time is easy rather than to wait it to turn in to a problem. This is one of the best practices in the project management process and this risk management can play a big role in success.

Project management can be difficult at times but keeping these basic tips in mind can help you to make things easy for yourself and for your team. The more it gets easy the more you will enhance the chances of getting success. Work as a professional and always keep in contact with your team and stakeholder. Achieve small milestones effectively and get collective success at the end.

Uncategorized Editor Fri, 22 Sep 2017 23:11:51 -0400
How Do Millennial Entrepreneurs Run a Business

Millennial entrepreneurs are gradually dominating the world of business today, with more and more of them becoming notable and appearing in global rich lists. With the fast and furious pace that they run their businesses, which range from traditional ones to high-technology, young entrepreneurs are slowly becoming the new frontrunners of their industries.  

Technology has greatly paved a way for budding young entrepreneurs, enabling them to create start-up businesses swiftly and affordably. It takes even less than 20 minutes to set up an e-commerce page on a social media site. While millennials are already an interesting bunch as they are, millennial entrepreneurs take the game to another level. Here’s how they approach the battlefield of enterprise in many ways.

An Edge on Entrepreneurship

One major difference to note between past generations and millennials is that the former often envision climbing up the corporate ladder, whereas the latter faces enterprising endeavours head on. Inspired to pave their own paths, young entrepreneurs want to break from the norm of the corporate world by idolizing actual successful entrepreneurs of today instead of business tycoons of the past. So many businesses have crumbled by themselves with corporate scandals, and young entrepreneurs just don’t want anything to do with that.

Collaboration is Key

Millennials are noted to be highly collaborative when it comes to running their business and more open to new ideas. This is highly unlikely among older generations, which tend to keep their ideas close to their chest. With younger entrepreneurs, they play their cards by pitching ideas and gathering feedback from peers to ensure a positive response from their market. For millennials, a business is run through group effort, just as Mark Zuckerberg treats his workforce at Facebook. His massive open floor plan allows healthy communication with every employee.

Using Technology as an Advantage

It is during the time of Gen Y when digital revolution came to its peak. Although Gen Z-ers are the most exposed to today’s technological advancements, it is the millennials who have developed a rich understanding of how devices work. Having to use the clunkiest of computers through trial and error, millennials gained an intimate inclination to technology over the years.

Many entrepreneurs today use the internet to sell online, regardless of service or product – whether wedding-related products or medical accessories. Significantly, this gained millennial entrepreneurs the advantage of easily starting their businesses through technology. Aside from this, young entrepreneurs can now start and operate their businesses in their homes, saving them from painful costs that older generations may have struggled with in the past.

Motivated by Passion and Purpose

Millennials are known to be the most passionate and creative, and they have integrated these traits in entrepreneurship. While money is an integral aspect in a business, young entrepreneurs are not solely motivated by their earnings but also by a bigger purpose. With more and more businesses today that are achieving success all while supporting a bigger cause, more and more budding entrepreneurs have set this as a goal—making sure that they leave some positive impact on the world. Some medically inclined businesses do their part by providing quality O2 sensors and cables at a reasonable rate.

Get Creative with the Quest to Learn

Graduating during the recession, many young entrepreneurs have struggled early on with student loans and finding jobs. In the end, they came out of the financial mess more creative and resourceful, constantly finding new ways to do things more efficiently. Furthermore, their consistent quest to learn has fueled their motivation to run their own companies and apply their newly acquired knowledge.

Driven in Every Way

It’s no surprise why millennial entrepreneurs are slowly making names in the world of enterprise. The young generation aims to build awesome companies, manage a compact team, and take advantage of technology. They are driven by their eagerness to learn as well as by their failures. Of course, millennials also learn from the mistakes of others, seeking advice from more experienced mentors and strong networks.

With a mixture of creativity and purpose, they are able to start up businesses that beg to create a difference to the world. It’s no wonder how millennial entrepreneurs gain significant experience that will push them farther in the competitive industry.

Uncategorized Editor Tue, 27 Jun 2017 03:12:51 -0400
Elements of Good User Experience Many Online Businesses Still Neglect The term ‘user experience’ may seem like overused jargon, but it is an important element to focus on in today’s market. If your business relies on a digital interface in any way, whether it is an app for accessing information, an online store that sells products and services, or a website that acts as an anchor for your online presence, then good user experience is a must.

Royalty Free Photo

UK customers are more sensitive to UX, especially when making online purchases. Unfortunately, many online businesses still make UX mistakes that are both costly and catastrophic to the business’ future. To help you, and your business, avoid making the same mistakes, we are going to take a closer look at those common mistakes and how you can avoid them.

The Checkout Process

In an attempt to learn as much as possible about customers, a lot of online stores use long forms and multiple steps as part of their checkout process. Customer details and additional information are indeed valuable, but making customers complete forms and having them go through several steps to finalize their purchases are definitely not good for business.

Over 80% of dropped carts are caused by this type of approach. An overly complicated checkout process will simply drive customers away before they complete their purchases. If your online store is losing customers during the checkout process, it is time to take a second look at the process itself.

Instead of using multiple steps and long forms, simplify the checkout process as much as possible. A single-page checkout where customers can complete their purchases easily is always the way to go. What about collecting customer information? The details you don’t need for processing orders can be acquired later. That brings us to the second element, which is….

Streamlined Customer Relationship Building

Don’t try to do everything at the same time. Instead, take the time to build a genuine relationship with every customer. You can deliver a much better user experience when every part of the flow is designed to be personalized and sincere.

When trying to learn more about a customer, for example, a follow up email asking about their experiences with your products or a customer satisfaction survey delivered through a personalized email is far more effective than jamming the checkout page with more fields or multiple forms.

You have all the time in the world to connect with your customers. Use that time wisely and provide them with a streamlined experience. This approach will also lead to higher customer loyalty and better customer value in the long run.


The last element to pay close attention to is consistency. You can’t deliver a positive user experience when a customer’s journey is littered with inconsistencies. Even the simplest things, such as having different colour schemes on your social media pages, can seriously damage UX.

Consistency is an important thing to add to the ecommerce web site design. Every page must create the same, seamless experience. Different sections of the site must be kept consistent for a more fluid browsing experience. More importantly, consistency will tie the ecommerce site together with your company’s branding and key messages.

Unless you start paying attention to these elements and avoiding common mistakes when handling them, it would be difficult to complete in a competitive market like the UK’s ecommerce landscape we have today. Get these things right, however, and you will have no trouble taking your online business to success.

Uncategorized Editor Mon, 05 Jun 2017 12:14:23 -0400
The Importance of Writing a Will as A Business Owner A will has always been a job that you think you’ll only have to tend to when you reach a specific age, certainly when you’re much older anyway. Planning on what will happen if you pass is hardly the most cheerful of subjects but if you do run your own business that it is something you definitely need to be thinking about getting draw up. The reason for this is because without one, all of your assets may not be distributed in the way you would want them to be. A business is a whole different story when people pass compared with an ordinary death, it’s not as simple as a certain possession not going to the right family member.

Whilst the majority of people believe that all of their assets and possessions will automatically be divided up between their loved ones, this is often not the case. With no set will in place, the reality is that the law takes control of your belongings and they ultimately dictate how they are divided, so it’s worth thinking about not just for you but your family.

It is not unheard of to have your family home sold after your death to cover your business expenses and that reason alone is a worrying concept. Things become even more complex if you own a business and also have business assets. According to a recent study, It’s currently estimated that almost 1 in 10 business owners believe that their business would have to cease trading should one of the key individuals in the business pass away. This is a result that could affect the tens to hundreds you may employ, which seems highly unnecessary when your business can be easily mitigated if the circumstance occurred. All it needs it some calculated planning. Say for example you’re the head of an owner-dependent business, your unfortunate death could have significant consequences to the business that you’ve spent years growing.

What is worse is that an increasing amount of businesses have sadly had to stop due to a legal battle following a passing. If you took the case of a family business, that employs the owner’s children and they were to die – currently the law states that without the presence of a will, the business would then be equally divided out between all the owner’s kids. As a result, the child (the only one who actually worked at the company) would have to buy out their brothers or sisters in order to take control of the business, an eventuality that causes messy and draw out will disputes and severe emotional stress on your loved ones.

If you do own a family company and it isn’t in your wishes to pass on your business to your family - maybe because you have partners or other separate critical figure heads within your setup - arranging for each business owner to take out a life policy in trust for the other business can protect that scenario. By doing this, any set funds will be paid out straight to the surviving owners in the case of a death, so that they can buy out your share of the business.

When it comes to writing a will, you should look closely into succession planning. The reason behind this is to maximize the benefits of Business Property Relief. This gives relief from inheritance tax for businesses, for which you will need to be extra careful and accurate about when it comes to your planning. As an example, if your spouse were to gain control over your business and then they decided to sell it on, the profits from the sale will then be counted as part of the estate and it will be subjected to inheritance tax when they die. From a financial standpoint, it makes more sense to hold onto the shares but pass over the company to a trust. Your spouse will still benefit from the trust but it simply means that they won’t be hit with inheritance tax.

To summarize, you can easily see that running a business comes with its complications before and after you die. Too often people wait till they become ill or grow old but that is an organized way of operating a business in the modern world we live in. Having a will in place is there to cover you for the possibility of an unfortunate sudden or early passing, not to mention its necessity if you’ve just been recently married or have children. It’s always a smart idea to be prepared for any circumstance should the worst happen so it is more beneficial to start thinking now about how your business could be divided up. If you’re unsure on how to proceed, it’s crucial to seek help from dispute resolution solicitors to ensure you’re clear on what to do and also completely covered whatever the outcome.

Uncategorized Editor Thu, 11 May 2017 22:53:22 -0400
Looking the Part, But Spending Less Money If you are loving the fact that estate sales bring you amazing deals, you probably are also loving the feel of being on a big estate. Moving in the circles of society’s upper elite is a wonderful feeling that few of us ever get to experience. If you want to continue moving in those circles, beyond just heading over to estate sales, you definitely need to make sure that you look the part. While not all of us can afford fancy cars and clothes, you can actually make yourself look like you fit in pretty simply, and for very little money, too.

If getting yourself to look like you belong on an estate or in country clubs is your aim, you should definitely make sure that you are investing in the right clothing. Of course, the right clothing for you may be slightly different than what works for someone else. All the same, there are a few brands that everybody recognizes as belonging to the upper class. If you want to fit in at that level, you need to make sure you invest in the right stuff.

Getting yourself a pair of Ray Bans is a surefire way to fit in with the crowd at estates and country clubs. But if you are a little intimidated by investing in a pair of Ray Bans, fear not! You can score on Ray Bans for very little money if you just take advantage of Ray Ban’s Groupon Coupons. Using this new joint venture, you can find deals like Ray Ban Aviators for only $150, and other shades starting from just $70!

Taking advantage of this new partnership is pretty simple. All you need to do is check out Ray Ban’s Groupon Coupons page and find a coupon that seems to fit your needs. If you are not ready to make a purchase right now, do not worry about – Groupon Coupons and Ray Ban update these discounts regularly, so there are always new deals to be had. When you are ready to get your high class sunglasses, check out the deals Ray Ban and Groupon Coupons are offering, and you will be styling on the cheap (on the down low) in no time at all.

Uncategorized Editor Thu, 30 Mar 2017 01:30:20 -0400
When is the Best time to sell your House on the Property Market?

What is the best time to sell your house on the property market? This is a common question that comes to mind when you want to put your house up for sale.

The truth is that is can be really confusing especially in the wake of contradictory headlines on the fluctuating prices and times in the property market. How then do you make an informed decision on when to sell without regretting?

According to expert sell house fast agency Ready Steady Sell o begin with, you need to take your motivation for selling into account. That is, for your home to sell effectively for the best price and at the right time, you need to know what the push and pull of the market is. That is, a strong reason for selling your house.

You may be selling your home because it is too large for your family or you are relocating or you need to take care of medical concerns. Moving to a smaller home could mean less maintenance costs hence less worries.

If you are relocating for work, then selling your home would definitely help to cut on the cost and time spent travelling as you will be able to live closer to your work station. Regardless of your push and pull, you definitely need both to be able to make a successful move.

So then, just when is the best time to sell your home on the property market?

The answer to this question is crucial in ensuring that your house does not languish on the market for months on end. If this happens you can be sure of ending up disheartened and demoralized.

The right time of the year to put your house on the market must be thought through seriously as it could affect how fast you will sell it.

Although estate agents will want to convince you to sell at whichever time of the year without any delays, it is important to plan for the best time that is in line with the needs of buyers and the market as a whole.

This calls for understanding of the different types of buyers as well as their buying behaviour and needs. This way, you will be able to determine when you should put your home for sale on the property market. Here are some distinct categories of buyers that can guide your decision to sell:

  • Singles and young couples – These are mainly first time buyers that are known to begin their search for a first home at the beginning of the year. For most of them, they are setting out for the first time having spent one too many Christmas celebrations with relatives.

This category of buyers begin their search in January and February with their purchases being mainly at the lower end of the market mainly terraced homed and apartments. Their second choice of property are detached and semi-detached homes.

Even then, you need to be aware of the fact that these young buyers could drag their search for a home for months and in some instances years hence the need to be patient with them to make up their minds.

  • Families – In most cases, family buyers will buy at three distinct times of the year mainly summer, spring and autumn.

These are tern times hence buyers with children do not usually like to house hunt during holidays because they are usually on holiday. Besides, it is a lot more stressful to going for viewings when you are bored and have a whiny child to take care of.

  • Downsizers – Singles and downsizers like to buy homes during warmer months. As such, retirement homes and bungalows will be on the market for long especially during winter because people do not like to go house hunting in snow or rain. They believe that summer time is tis best time to buy and sell. These buyers usually look at fewer properties since they make up their minds fast.

You can use this information to plan to sell your house. That is, you could get the house ready to suit the preferences of a specific group based on the time you intend to sell. Ultimately, keep in mind that if your property takes less time on the market then you are likely to achieve your asking price. Therefore, take time and study the market before listing your house.

Uncategorized Editor Wed, 08 Feb 2017 12:23:08 -0500
Local prime central London economy supported by wealthy residents

Currently the number one address in prime central London, Mayfair has always been a popular choice for wealthy residents and tourists around the globe. However, there has never been a typical dweller in the area, since the resident profile has always been evolving and changing. The past few decades have seen inhabitants of the town getting younger with 43 percent of homes in the area currently housing young, wealthy, educated couples and singles. This increase is unsurprising due to the surplus of flats on the property market, designed especially for this young residential profile. Mayfair is growing younger and more active by the day.

In addition to young residents, Mayfair is also attractive to over 42 nationalities, and over 60 percent of people living here were born overseas. The mix of homeowners in the area is likely to continue changing as global economy changes and fortunes rotate to different locations. The US currently has 540 billionaires residing within its borders, while China is home to 251 and Germany to 120, according to the Forbes Rich List. Middle Eastern billionaires continue to decline in numbers as oil prices fall, and Russian-speaking billionaires are also fewer in numbers lately.


The ultra-wealthy residents of Mayfair are commonly thought to reside in the community without giving much back. However, a new report from Wetherell has proven just the opposite, with wealthy locals contributing to the neighbourhood through shopping, employment, and leisure. The affluent district is supported substantially by its inhabitants, and in fact, the report shows that the 2,000 plus millionaires living in prime central London contribute a lavish £2.5 billion to the UK and local economy each year. Of the 2,000 millionaires, 200 earn a nine-figure salary, and 20 are billionaires.

Additional data from Westminster City Council, and property experts Dataloft and EGI, in the report, shows that these prime residents support the economy through luxury shopping, consultants, and employment. Upon reviewing the annual expenditure of affluent households in Mayfair, those living in properties valued under £15 million were found to spend £2,700,000 on Interior Design and Artwork, £644,000 on Clothes, and £325,000 on Staff.


There are several luxury developments underway and in the future pipeline for Mayfair over the coming years and this is likely to spread the rising house prices from not only W1K, the most expensive postcode in Mayfair, but to W1S and W1J too.

At present, the property inventory in Mayfair totals 4,348 homes and can be broken down as 1,305 privately owned houses, 870 social houses, and 2,173 privately rented homes occupied by wealthy tenants with an average monthly rent of £1,387 per week. Approximately five percent of the privately owned homes are valued under £1 million, 50 percent are valued between £2 million and £10 million, and the final 45 percent are valued over £10 million.

Entry prices to the property market, in Mayfair, for a typical flat are currently over £1 million, and an average £4.8 million for a house. Despite the Global Financial Crisis, property prices and sales in prime central London have been relatively productive, and these values reflect that, with prices 45 percent higher than the 2007 pre-crisis market. Although the price of a Mayfair address is slightly lower than the 45 percent of last year, it is higher than the average 30 percent of the last decade, and the current growth of 42 percent proves that the neighbourhood is deserving of number one address in prime central London.

Compared to the prime central London property market average, Mayfair house prices have risen by 188 percent over the last decade. It has also fared better than equity markets, earning its right as a premium and worthy investment. With the Mayfair property market capable of meeting demands for luxury living, modern technology, and sophisticated design; new properties entering the market can create and break new pricing limits and expand the market growth. Prime developments can drive 100 percent premiums over average homes in the neighbourhoods real estate market.

W1K has long reigned the most costly postcode title, yet this may change once sales rates begin to rise and expand over the next five years. The increasing appeal of the neighbourhood continues to attract wealthy residents and can be sure that the local economy will remain robust as it is supported and continues to grow.

Uncategorized Editor Wed, 25 Jan 2017 01:14:15 -0500
EU Data Collection Law Goes Against UK Government The UK government has said that they are “disappointed” after the European Court of Justice has classed their collection of data was against the law set by the EU. The court’s reasoning behind this was down to the fact communications data can only be retained if it was being used to fight serious crime.

The act in question is the Data Retention and Investigatory Powers Act, which would require all communications companies to retain the data with anyone who has British citizenship for a 12-month period. The term ‘communications data’ refers to details such as the time and date of a phone call or email being saved – but not its actual contents.

This was an act which was pushed forward by Brexit secretary David Davis, and since its dismissal, the Liberal Democrats stated the government has been showed that they “overstepped the mark” with the act.

The Comeback

The European Court of Justice (ECJ) stated that a “general and indiscriminate retention” of data is against EU law and the only reason it can be done is to “fight serious crime”. This has meant the case has now been transferred back to the UK court of appeal who had referred the case to the ECJ to gain clarification on it.

Now the case is back in the UK, those who were bringing the case have said that the ruling shows that it is “counter-productive to rush new laws through parliament without proper scrutiny” and they have now begun to put forward “robust arguments” to the court of appeal. They then added that because of how important communications data is in detecting crime they are looking to make sure that clear plans are in place so that the police and other public authorities are able to acquire the communications data in a way which is consistent with EU law and their “obligation to protect the public”.

Urgent Change Required

The UK government has officially said that it would not make any changes until the Court of Appeal had ruled on the legal challenge to the legislation. Which would be expected to come in December once The Data Retention and Investigatory Powers Act expires and the new legislation – the Investigatory Powers Act – comes in place.

Liberty, who are a group campaigning against the original act have stated that the judgement “upholds the rights of ordinary British people not to have their personal lives spied on without good reason or an independent warrant”. They finished with stating that the government must comply with this by making urgent changes to the “Investigatory Powers Act”.

About the Author:

Rebecca Harper is a freelance writer specialising in law, politics and business. She is an active advocate for immigration rights and works alongside a leading immigration service company to research trends in migrant movement throughout Europe.

Uncategorized Editor Fri, 13 Jan 2017 06:15:26 -0500
Facebook Messenger – Always Active Location Sharing To Go Personally, I have been into social media networking and particularly Facebook.

Being the largest social networking platform, Facebook boasts of it ingenuity in App development as a major contributor to its success.

Times without number, we have always spent hours on end chatting and sharing with friends, unaware of Facebook unwittingly sharing our locations.

Well, this is definitely creepy; right?

The always-on- Facebook Messenger location sharing button has been telling your friends where you are whenever you are chatting with them.

On this premise, you can imagine how many times you have lied about your whereabouts on Facebook, when the location feature has always delivered the right information on the other side.

This is probably shocking, especially if matters of integrity and Facebook user privacy policies are to be taken into serious consideration.

However, thanks to a newly introduced location update on the Messenger that will henceforth share your location on request.

If affected, the default Messenger location sharing functionality that has always let people know your whereabouts during a chat without your permission will be something of the past.

Stan Chudnovsky’s announcement

During the latest briefing, Stan Chudnovsky’s who is Facebook’s Product Management head, has come out to confirm improvements on Messenger App which puts off your location unless you permit it to share. This means, now you will be able to chat with friends without being oblivious of the fact your location is being shared.

This announcement follows a blog post on Medium by Iran Ahanna from EuroVPS in which she revealed that, over the years, the world’s largest social media network has been tracking user subtly. Aran also further divulged details of his new Google extension tool called ‘Marauders Map’ which uses Facebook’s location sharing feature to track and pin-point the location of the users on a map.

No more an always-on feature

Further, according to Stan Chudnovsky, the new way of sharing one’s location alongside chat which is to replace the old features will enable users to explicitly share their whereabouts as a map or better still send your location as an independent separate message.

He says, to send your location, you navigate to the bottom of your Messenger Screen display and tap on the location pin. This brings up more options from which you can, for example, tell your friends where you want to meet up with them by sending a map of the place. Also, with the new development on Messenger, you can let your friends know where you are, which means, if you were headed for work, they will know how far away you are from the workplace.

Features of the new location sharing Extension on Facebook Messenger

There are people who always want to remain anonymous while chatting with friends using Facebook Messenger, therefore, the revelations that the old Messenger unwittingly shared one’s location is a big shocker as much as it is annoying. As pointed earlier, the new development on Messenger App is sure to bring cheer on the faces of users worried about this privacy.

Let’s for a second review the features that this new Facebook update promises:

According to Stan Chudnovsky, the new Messenger features will do away with the marauders map like feature which shared you location unwittingly, users will henceforth be able to use it as an explicit functionality. No more hidden and default functionalities.

Also, the new developments on Facebook messenger will enable users to choose a way in which they want to share their location. They can do this either by sending a map or the place where they are as a different message.

By tapping on the more button icon on Messenger App User Interface, it will now display an option which prompts you to share your location with the person with whom you are chatting. The good news is that this will only be shared if you tap send.

How to switch off location sharing feature

The old-look Messenger always secretly delivered a message with your location whenever you are chatting with friends, but with the new improvements, you can choose to switch it off so that it doesn’t track your whereabouts.

For those using Android devices, if you want to turn off the location sharing feature, you will go to settings then click on location sharing and switch it off. In Apple devices, the location sharing functionality can be turned off by going to settings then clicking on privacy which brings up location and then services.

The benefits of sharing location

Well, on the flip side, sharing your location on Facebook Messenger has its benefits.

At the very least, it enables your friends to track your whereabouts in which case if you were to meet up, they can easily find you using the location map you send to them on chat. Also, if used wisely it’s possible to track friends who are at leisure to hang out.

Also, with the newly improved Messenger, lying about your location is a forgone case. There is no way you can lie about your location because the new-look App perfectly tracks your location and as long as you choose to send it as a map message.

Many users will be with me on this benefit – location tracking feature, on certain occasions can really help the user, especially in life or death situations.

Was this change prompted by Marauders Map extension?

Agreeably, the revelations on how Marauder’s Map shares Facebook users’ location subtly by plotting it on a map must have come as a bombshell to those who value their privacy on social media and consequently played a pivotal role in Facebook’s decision to make improvement on Messenger location sharing capabilities.

But, Marauder’s Map is not the sole reason for this update. Facebook has been working on it for the past few months, and its main objective to bring commerce into its messenger app.

Facebook inspired by Asia Apps

Has Asia’s Chat Apps played a role in Facebook’s latest move to update location features in Messenger App?

Well, China is known for making inroads into the development of chat Apps such as WeChat. Asia’s monolithic Apps for chatting with which users are able to book a taxi and do more, has surely inspired Facebook’s latest move.

As noted by Chudnovsky, Facebook wants to change people’s views on location.

Their goal: to dish out awe-inspiring experiences in the future.

Uncategorized Editor Tue, 27 Dec 2016 06:26:47 -0500
How to Keep Your Employees Motivated Low morale is often a problem in many businesses and this can lead to a wide range of problems for a business and the people who manage it. However, if employees are treated in the proper way and feel part of an organisation, they will be less likely to leave your company or underperform. Below are some effective ways you can motivate your employees.

Reward Employees When They Hit Certain Targets

Unfortunately, motivational words don't pay the bills, so you need to be willing to give financial rewards and other tangible rewards to your employees when they hit specific targets or surpass certain targets. If you do this, more of your employees will be willing to go the extra mile and ensure that they provide a high quality, efficient service.

Make Work More Enjoyable

Millions of people around the world dread going to work every day. Office politics, ridiculous rules and an unorganised and chaotic workplace are just some of the reasons why people dislike going to work.

Instead, your workplace should be an enjoyable place to work in and spend time in. You can do this by fostering a more friendly, fun working environment and investing in systems that make work less of a chore. For instance, in the call centre industry a range of high-quality contact centre workforce engagement systems are available that resemble gaming systems rather than business systems.

Empower Your Staff Members

In many businesses, employees do not a have a voice and feel disenchanted. However, many of the world’s greatest business leaders realise a business is only as good as the people who work in it.

Every business owner, manager and business decision maker should take this on board and listen to what their staff members have to say, what ideas they have and what suggestions they make. This is extremely important if you want your business to succeed because it’s the people on the ground who know exactly what a business is doing wrong and how certain issues can be resolved.

Lead by Example

In every walk of life, people want to follow strong leaders who have the best interests of their followers at heart. You should ensure that you’re approachable, understanding and treat each of your employees fairly.

Progression in Your Company

Unfortunately, if employees are not motivated they lose interest in their career and often give up hope of ever progressing in the company they work in. This is something every business owner and decision maker needs to address. Each employee should believe that they can get promoted, get regular pay rises and be able to create a better lifestyle for themselves and their families.

Motivating the people who work for you is not impossible to achieve. You need to change and the people in your organisation need to change, but following the tips above will gradually improve the morale in your organisation and make your employees more efficient and proud to work for your company. If you can do this everyone in your business wins.

Uncategorized Editor Tue, 13 Dec 2016 10:34:45 -0500
How a Good Returns Policy Can Be a Marketing Tool Regardless of whether you’re marketing products online or in a brick and mortar store it is crucial that you have a good returns policy. To many it may seem counterintuitive to have a returns policy in the first place as it will eat into your bottom line – however that isn’t true, and at the end of the day a good returns policy can be an extremely effective marketing tool.

Inspire Confidence and Increase Conversions

Essentially a good returns policy can help inspire confidence in customers, and boost the likelihood that they actually end up purchasing the product. In particular if a customer is wavering and unsure about some of the claims about the product the knowledge that they will be able to return it if it doesn’t pan out could help convince them to make the purchase.

Considering the role that your returns policy can play in increasing sales it must be clearly visible and easy to understand. That way it can play its role in helping make sure potential customers feel confident enough to make a purchase. It would help to also include details of your policy on your delivery labels – especially if you use single integrated labels containing an invoice that could easily have a brief description of the returns policy too.

Market the Customer Service Aspect

Aside from its direct role in improving sales, a good returns policy can be part of a larger drive to market the customer service that your business provides. If you have a returns policy that is convenient, easy, and doesn’t make customers jump through too many hoops then that is a powerful statement in favor of your customer service.

Of course it is best not to point it out directly. Instead if and when a customer successfully goes through the returns policy try asking them to review your customer service at the end of it. That way you can turn a return into a way of generating social proof that can be used to improve your marketing efforts further.

All said and done it should be clear that as much as a good returns policy may cost a little bit – its benefits are more than worthwhile. Suffice to say you shouldn’t be penny-wise but pound-foolish, and making sure that you accept returns can help you to grow your sales numbers by leaps and bounds.

Uncategorized Editor Fri, 09 Dec 2016 11:12:38 -0500
Can’t Get a Business Loan? How to Rebuild Your Credit Rating Most of the time, new startups need some type of funding in order to be successful. Although in a few instances and certain industries it may be possible to start a business without a great deal of money, for the most part it’s important to have enough to cover most of your startup’s initial expenses as well as cover expenses for the coming few weeks or months. Because of this, many entrepreneurs tend to borrow funding, whether from an investor, friends or family, or the bank. With bank loans being the most popular for business, it’s no wonder that, often, entrepreneurs who have a poor credit rating are left at a loss of what to do when they cannot obtain funding from the bank. Here’s how to rebuild and improve your credit rating in order to get that all-important business funding.

Debt Consolidation

When starting out rebuilding your credit rating, the first thing that you will need to do is pay off all or at least as much as possible of your existing debts. Once you have paid off a debt you will no longer be able to miss any payments on that line of credit, therefore it cannot be used against you when it comes to your credit file. However, for many entrepreneurs it’s not easy to simply pay off current lines of credit, which is where a debt consolidation loan comes into play. By paying off all of your debt with one separate loan, you can reduce your monthly repayment significantly and improve your credit rating. See for more information.


If you are struggling to make repayments for one or more lines of credit, it’s important to come to an agreement with your creditors. By doing this, it’ll be less of a struggle to keep up with repayments and by changing the terms of your repayment and coming to a new agreement, you will cause less damage to your credit rating. The majority of the time, creditors are very understanding when a lender’s circumstances change and will usually work with you to come to a mutual understanding that is beneficial for both parties involved. Rather than ignore your creditor’s calls, get in touch with them yourself and tell them about the situation so that they can give you help and support for example by reducing your monthly repayment amount or offering a reduced settlement fee.

Credit Rebuilding

It is not advised to take out any further lines of credit until you have dealt with your existing debts. If you are already struggling with current debt, adding more to the mix will not do your credit rating – or your pocket – any favours in the long run. Instead, wait until you have paid off and cleared all of your existing debt before taking out any further credit in order to rebuild your credit rating. A small line of credit – such as a credit card with a small limit or even a mobile phone contract – will often suffice.

Having good credit is essential to being offered a business loan!

Uncategorized Editor Wed, 01 Jun 2016 09:14:32 -0400
Three Reasons Why a Business Website is So Vital In today’s digital age, having a website for your business is no longer simply an option. Today’s customers expect the companies that they shop with to be available online, whether for contacting and customer services purposes or for online shopping. If you own a small business or are in the process of setting one up, a website should never be an afterthought but rather something that is right at the top of your priority list. Failing to have a business website can cause you to lose customers, lose exposure and hurt your marketing efforts, along with possibly damaging your reputation and making it more difficult for you to build good relationships with customers. Here are just some of the reasons why having a business website is absolutely vital.

Customer Service

Today’s customers see telephone calls and in-person visits as things of the past. In order to deliver truly good and effective customer services, it’s important to give your customers what they expect. In this day and age, that is at the very least a business website. A website which lists frequently asked questions and has features for quick contact such as online chat or contact forms for customers to use is absolutely essential for delivering a great customer service experience. With so much these days being done online, not providing your customers with a website to visit could result in your business quickly getting left behind. Check out Smart Hosting to get your business site started today!


In today’s digital age, having a business website is seen as being ‘normal’ and is simply expected of companies of all sizes. Failing to have a website, or at least some sort of presence online such as a social media page, could cause potential customers to doubt your business and wonder whether or not it is worthy of their trust. Subsequently, this could then damage your business’ reputation and hurt your profits as you lose both potential and even existing customers to your competition. Building up trust with your customer base is a hugely important part of becoming a successful business.

Development and Growth

Without a website, a business will find it extremely hard to have any sort of online presence. Today, it’s absolutely essential for companies to have a good online presence if they would like to enjoy development and growth over time. With customers ditching phone books and physical directories in favour of the internet, it’s no surprise that in order to be found and enable your customer base to increase in size, it is essential to have a business website. When you have a website that is optimised well and includes a lot of interesting content, you can gain more customers from simple search results. Not only that, but a website can be your ‘base’ for social media accounts such as Facebook and Twitter, which are absolutely essential for effective marketing today.

Having a business website is no longer an option – it’s a necessity! Do the right thing by your company and ensure that you have a functioning website right from the start.

Uncategorized Editor Tue, 24 May 2016 01:15:53 -0400
Online Security Tips for Small Businesses

Online security is very important these days, especially for small businesses, as small businesses usually don’t have special technical staff to handle computer security issues. Most of the times the business owners or the technical leads have to take care of online security themselves, which could be often times tedious and time-consuming.

However, if small business use the correct tools and set up right routines, computer security can be handled efficiently without involvement of too much manpower. Here’re some online security tips for small businesses.

Install Desktop Security Software on Business Computers

Although business computers are mainly for business uses, it’s still necessary to install anti-virus and anti-spyware software on them to ensure online security. Theses days there’re many this types of software available and some of them are even free to use. So be sure to have security software installed on your desktop computers. Below are some popular security software to choose from: AVG Internet Security, BitDefender Total Security, McAfee Internet Security Suite, Sophos Security Suite, Trend Micro Internet Security, CA Internet Security Suite, CheckPoint ZoneAlarm Security Suite, Panda Internet Security, Kaspersky Internet Security, etc.

Use Strong Passwords for Business Accounts

When it comes to choosing a password, it’s shocking that many small business use extremely weak passwords such as “123456” for their accounts. A hacker can easily crack this kind of password and your important business data could be stolen easily as a result. Therefore, don’t be lazy when choosing a password. You can use some online password generator to create truly random passwords that consist of numbers, punctuation signs etc., which is almost impossible to be hacked.

Increase Remote Access Security by Using a VPN

Many companies have offices in different locations or allow employees or contractors to remotely log in their business network. This kind of remote access could be insecure. Hackers might be able to steal sensitive information. One way to solve this problem is to set up a VPN (Virtual Private Network), which encrypts all traffic between your main server and remote computers. There’re many commercial VPN providers specializing for different purposes, for example, VPN for gaming, VPN for bypass geo-blocking, VPN for China, etc. There’re even some cheap VPNs you can get for a very low fee. However, the best way is to set up a business VPN on your network by yourself and make sure all remote access is to be done with a VPN.

Secure Business Computers with Encryption

If your business computers are not protected properly, a hacker might be able to teal it and then access your sensitive data on your computer’s hard drive. To prevent this from happening, one can set up full disk encryption on the business computer. Therefore, because the hard drive is encrypted, it would be almost impossible for hackers to access the data on it even if the computer is stolen.


Above are some computer security tips targeting small businesses. The most important thing is to realize there’re always security concerns when using your computer and using the Internet. Installing correct software tools and following secure procedures can increase your security, which will in the long run save your company money and make your company more profitable!

Uncategorized Editor Sat, 12 Mar 2016 01:12:39 -0500
The Necessary Good of Small Business Marketing

Marketing is to business as a hammer is to a nail. It is a tool, a necessary function to make the other functions work. Just as a nail won't go anywhere without a hammer to drive it, so a small business won't progress without small business marketing to drive it.

Marketing cannot be ignored. More specifically, EFFECTIVE marketing cannot be ignored. Some businesses market regularly but they market incorrectly, and not only is it ineffective, it is a big waste of money. Knowing how to market effectively will be a integral part of the success of your business.

For any product that the creator or owner intends to sell, there is marketing to be done. Of course small business marketing can be much more than the traditional "marketing" we normally think of, i.e., phone book ads or classified ads or the Internet. Marketing can be anything from a conversation on a commuter bus to a prime time television commercial. The key is knowing exactly what marketing is and how it is going to produce revenue for your business.

So what are you selling? You are selling two things: yourself and your product. You will sell these two together, as if they were linked inseparably, because in a sense, they are. When you market, you are also marketing these together, so treat them as if they always go hand in hand.

Every conversation, every agreement, and every work performed will portray, or market, an image of you to business associates and to potential buyers. That image should be of utmost importance to you, because it will dictate how people perceive you. Other's perception of you will affect your profitability, either positively or negatively.

You cannot have one appearance in person and another in media. Well you can, but it won't last very long if you do. You must be the same person in every situation. When first building your business, think of your relation to workers, subcontractors, investors, suppliers and buyers and everyone else as a platform that is establishing your reputation. Your reputation will be manifest in your marketing efforts and I can guarantee you that IT WILL AFFECT YOUR BUSINESS DOWN THE ROAD. What you do on day one will surely have an influence on day three hundred and sixty five. And so on throughout your career.

As people learn of your generous personality and honest business transacting they will remember the person they met and dealt with when later they see or hear the marketing of your product. For someone who is always straight forward and goes out of his or her way to help put deals together and make everyone feel like they got a fair shake, there will be people who will always seek doing business with that person.

And it works both ways, good and bad. For someone who cheats and takes every chance to shortchange the competitor or supplier or intermediary, there will be people who will always avoid doing business with that person.

Through focused and powerful small business marketing, you can have a positive influence by concerted effort and it will bring results back to you.


Here is an excellent article on how one's attitude influences business: Number One Key to Business Success

Uncategorized Editor Mon, 11 Jan 2016 04:14:24 -0500
Converting Manual Bookkeeping to a Computerized System

If converting a manual bookkeeping system to a computerized system, the conversion will take a bit more time than just starting fresh because it needs to be sure the new system starts with information that matches the current books. The process for entering the initial data varies depending on the software chosen. To ensure that properly convert bookkeeping system, use the information that comes with the software; read through the manual, review the startup suggestions made to set up the system, and pick the methods that best match the style of operating.

The best time to convert is at the end of an accounting period. That way, don't have to do a lot of extra work adding transactions that already occurred during a period. For example, if it decided to computerize the accounting system on March 15, it has to add all the transactions that occurred between March 1 and March 15 into the new system. It's just easier to wait until April 1 to get started even if the software is bought on March 15. While converting to a computerized accounting system at the end of a month, the best time to do it is at the end of a calendar or fiscal year. Otherwise, we have to input data for all the months of the year that have passed.

Whenever you decide to start the computerized bookkeeping, use the data from the trial balance that used to close the books at the end of most recent accounting period. In the computerized system, enter the balances for each of the accounts in the trial balance. Asset, liability, and equity accounts should have carry-over balances, but Income and Expense accounts should have zero balances.

Of course, if starting a new business, it won't have a previous trial balance. Then just enter any balances that might have in the cash accounts, any assets of the business may own as it starts up, and any liabilities that the business may already owe relating to startup expenses. Also add any contributions from owners that were made to get the business started in the Equity accounts.

After entering all the appropriate data, run a series of financial reports, such as an income statement and balance sheet, to be sure the data is entered and formatted the way liked. It's a lot easier to change formatting when the system isn't chock-full of data.

Need to be sure that entered the right numbers, so verify that the new accounting system's financial reports match what was created manually. If the numbers are different, now's the time to figure out why. Otherwise the reports done at the end of the accounting period will be wrong. If the numbers don't match, don't assume the only place an error could be is in the data entered. It may found that the error is in the reports developed manually. Of course, check the entries first, but if the income statement and balance sheet still don't look right, double-check the trial balances as well.

Computerized or Accounting Software Bookkeeping

Speed - Bookkeeping software is able to run reports much faster than manual Accounting Systems. Reconciling the accounts is quick and easy: As input various transactions, the software will automatically pull this information through to the relevant ledgers and journals. Your balances are also updated automatically.

Accuracy - By using business software, we can ensure a more accurate and efficient accounting cycle. Where previously, mistakes could be made by manual processes, accounting software reduces these mathematical errors. It doesn't allow for input of incorrect data such as credit-debit mistakes, and it automates postings to various ledgers and journals, virtually making data capturing mistakes obsolete.

Fluid, meticulous results - Want to know where every cent goes without having to dig for hours through the financial books? Accounting software offers the advantage of viewing the records at just the click of a mouse.

Quicker and easier to pull reports and financial statements -

Run a variety of reports. Post amounts to various accounts and update balances. Preparation of your financial statements is just a mouse click away.

Automation of steps in the accounting cycle -

After analyzing the source documents and journalized the transactions, a usually laborious manual accounting system can be replaced by an automated accounting system.

Here are a number of steps in the manual accounting cycle that will be automated by a reliable accounting software program such as QuickBooks:

•Posting to Ledger accounts 
•Preparation of Unadjusted Trial Balance 
•Posting of adjusting entries 
•Preparation of adjusted Trial Balance 
•Journalize closing entries 
•Posting of closing entries 
•Prepare a post-closing Trial Balance 
• Preparation of financial statements With a solid accountant (or accounting department) and a reliable business software program made to enjoy an accounting system that helps better manage and reflect the condition of the business.

Every business needs to sustenance good records to ensure bills are paid, obligations are met and checkbook balances match up. Whether it's a home-based business, a Fortune 500 company or even the business of running a household, well-kept books can really aid list a "business" in the becoming direction when it comes to keeping finances in order. More and more relatives are turning to computerized programs for keeping finance in check. The reasons for this are many.

Computerized financial programs are becoming the way indeed ball game gets done for a number of reasons. Not the anterior of which, of course, are ease of use, simplicity esteem considering the vessel line and ability to track actions as they follow. Combining online banking services secrete online bookkeeping has made managing the books even easier.

For home use, computerized bookkeeping is fantastic, especially when combined with online banking further bill payment options. Programs abound that help regular people sustenance their books as neat and clean as any fat corporation's again they're used for a number of reasons, including:

* Ability to instantly rise and have the line track bottom line and types of purchases. Some programs will even sustain separate extrinsic all charity donations and other tax deductible items whereas future free lunch on tax forms.

* Quick way to see the bottom line. Computerized checkbook registers, owing to example, guilt instantly show a user how much they have, what they need to meet regular obligations and more. This is great for those who combine their use with online banking and tally paying methods.

* Better ability to see where the finance goes. Unsoiled and clear registers sustain users track their purchases and bottom lines easier. This is superior for those who are living within an issue to help guide decisions about future buys further where costs should exemplify cut.

Computerized bookkeeping systems are especially loved by businesses for the nearing they can ease even a compound business' books. Computerized programs offer the following (and more) advantages for businesses:

* Ability to track expenses and income because other divisions while melding positive all witty into an overall monetary plan.

* Speedball and easy to contemplate how finance is being spent and even why.

* Ability to path trends control spending further income.

* Fast reports for a variety of things including expense categories such for capital outlays, salaries, and benefits again there from on.

* Easier earnings reporting. These systems tend to do all the calculations now a business; accordingly running reports, getting projections and so on is general and easy. Uncut that really needs to be done is to tenacity the appurtenant program to meet a business' needs and input the proper data.

* Simplicity in cutting checks. Many financial programs comes shield check cutting implements that enable companies to traveling their payroll, banknote bills and so on smuggle ease clock the wrinkle constantly updates the vessel line.

Making incarnate quick and easy for individuals and businesses to path their bottom lines, computerized bookkeeping programs are good gargantuan to replace. By benefit ease of extras and a lot of options, these programs can succor virtually anyone institute a solid accounting system.

In the organization, huge amount of transaction found to maintain in daily task. Now there are efficient bookkeeping accounting software development in the way bookkeeping working as simple as possible to handle number of activity in this field. With many accounts work include account receivable, account payable, payroll services and billing, financial reports with financial statements preparation. Bookkeeping Accounting Software has enables to do these tasks in very less effective time and save your precious time and effort.

Today Bookkeeper uses many bookkeeping software available in the market at very wide range of rates. The followings are various bookkeeping financial and accounting software features are described:


The NetSuite Bookkeeping Accounting is one of the single, integrated suites with advance accounting bookkeeping, ERP, CRM and e-commerce abilities. Using NetSuite Bookkeeping Accounting software we can handle all types of accounting services like account receivable, account payable and general ledgers within others advance tools. The NetSuite bookkeeping Accounting software includes many facilities like productivity management, e-commerce, financial management and statement and employment resources. It is useful for easy to use with real time decision making problem so we can find out more easily way to solve the problem.


One of the simplest ways to manage the bookkeeping financial software is QuickBooks Bookkeeping Software. The QuickBooks software is segmented to different part, same as to help segment, customer segment and vendor segment. It is simple to use navigation bars, windows interface, different toolbars and user-friendly menu option. Whenever any confusion in mind of the user so that he or she can find FAQ or help button in header of the every page of QuickBooks Bookkeeping Software so quick solution also provided in this financial accounting software. Thought, user can find out very easy functionality of this software and offers flexibility on a variety of way of task about to accounting services such as banking task, account payable, account receivable, payroll and inventory. There are many other features available in it like general ledger and job casting tools.


In the latest version of Quicken provides to advance benefits make it the bookkeeping accounting software preferred among bookkeeper and accountants. User can see more effective workspaces and various reports at the same time in this latest version of Quicken software. And User can easily find out Financial Accounting Data as quick as more accuracy. The Quicken enable users to access the tabs in different functionality at the same time. And more easily way user can see financial flow, cash flow center, investment flow and Quicken account bar, so it is the best.


In Peachtree advanced option and responsible for to keep accurate records perfectly. Bookkeeping Accounting Software can easily produce reporting and introduce input and output data. An Accountant can synchronize all data with setup this bookkeeping software without and difficulty. It is favorable among bookkeepers.

Thus now Business Owner will enable to operate and manage the entire process flaw of Bookkeeping needed. Also it will save your time and efforts of manpower. Software provides you error reduction accurate data to minimize the labor work of the bookkeeper in the organization.

Online Bookkeeping

The online bookkeeping system provides the customer with the option of storing their business documents, source documents and data in a web based application. This is done so as to enable the offshore provider's bookkeepers to remotely access these documents and update the accounts as and when is needed. This is accomplished through a software based program, namely, SQL Ledger and QuickBooks.


•Accessing your accounts is easy and can be done anywhere and anyplace 
•Online bookkeeping services come with high standards of security 
•Accounts can be updated as often as required 
•Up to 50% of cost saving as compared to your present bookkeeper 
•Huge savings on time, effort and resources 
•Latest software and infrastructure is used in online bookkeeping

Virtual bookkeeper is a person who executes all your bookkeeping tasks from a remote location. They will not work in a traditional office rather they would execute all your tasks online and provides you update online. In general, they will be an independent contractor. Most probably they will be working from home. People who got hands on experience in bookkeeping field have the wonderful opportunity to become a licensed virtual bookkeeper. They should be proficient of all the terms in bookkeeping. They would also expertise in the field of accounting such as accounts payable, receivable and payroll managements and reconciliation.

All your tasks will be operated using a latest software system. They are equipped with various software to meet various accounting requirements. They completely depend on the online resources which would be more accurate and quick. You do not have to worry about your sensitive information as the systems are highly data encrypted and only accessible to the person executes the tasks.

They are not restricted to execute only the bookkeeping process. They would work on the additional tasks such as tracking the purchase orders, processing the credit applications and preparing the year end reports. Sometimes they would help you with the W-9 or 1099 tax documents to your employees.

When we speak of online accounting service, perhaps our thoughts will only be limited to pages and pages of spreadsheets and virtual calculators. Of course, we can picture someone with an accounting book beside him to ensure that every transaction is well-accounted for and can be considered fair and accurate.

However, what we may not realize is the fact that an online accounting service can actually mean so many things. They may only be referred to as one name, but we can basically pick from these companies wide range of specific services. To give a glimpse of what we can avail of, we can refer to the list below:

1) Bookkeeping Responsibilities. This online accounting service refers to basic and everyday accounting roles, such as invoicing customers and preparing for their statements, collecting debts and paying bills, and reconciling bank accounts. The person is also responsible for the payroll of other members of the company as well as in the preparation of reports that may be needed by the business owner, especially when it comes to formulation of crucial decisions.

2) Bill Paying Department. What happens when we forget to pay our bills even for one time? There are a lot. First, we have to bear the penalties, which can range to hundreds of dollars. Second, we may damage the credit score of our business, which, in turn, could make it harder for us to avail of loans and other financial assistance for our business. Hiring an online accounting service will definitely save the headache. He will not only keep track of our financial obligations, but he can also prepare the checks for us to sign and have them mailed to us. Nevertheless, for security reasons, we have to limit their access to our bank account as much as possible.

3) Accounts Payable Department. We just don't have an obligation to our customers, but we also need to pay our suppliers. If we don't or we have forgotten to do so, it may lead to the loss of confidence and trust in us. But keeping track on our payable is not an easy feat. This is since different suppliers may require different methods and terms in payment. Some of them may require us to pay up in 30 days, others as short as 15 days. We can then refer to an online accounting service that can help us out in settling our accounts payable. From the time that we will make an order, every transaction is then recorded by the accountant or bookkeeper of our chosen online accounting service into the program or software. He can then modify the settings, so he will constantly be are reminded when the payment will already be due. As a matter of fact, even before we receive our invoice from our suppliers, we already have an idea of how much we have to pay and when to pay. The online accounting service can then allow us to develop a more truthful or accurate financial budget for our company.


He holds a Post graduate degree in Commerce from Mysore University as well as a Masters Degree in Business Administration with specialization in Finance. He also holds certifications from AMFI and NCFM. Santhosh joined cosmic with over 4 years of experience in US accounting and Taxation that he gained through his work experience at M/S. Ernst and Young. He brings strong process discipline in both the technological and operational aspects of our service.

He has the credit of being a Charter President of Rotaract Club Mysore South-East RI Dist.3180 (Youth wing of rotary international) and Presently serving as Zonal secretary (Chamundi Zone) interacting with all top business community of Rotary and Rotaract Family

Uncategorized Editor Fri, 11 Sep 2015 04:12:42 -0400
How You Can Make a Business Social Media Network Easier to Use

The first way to make a business social media campaign easier to use is to have daily goals. Daily goals keep a business owner or a social media manager focused on what they need to do to build the business and the network of the business. Daily goals are the secret to not feeling overwhelmed by some massive amount of information and possible actions that a business can take while on the social systems. Therefore, these daily goals are almost everything inside a social campaign. These goals help save a business owner or social manager's sanity during the day.

Another thing that the business social networks can do, especially when they are combined with a collaborative tool is delegate tasks that must be done effectively. A business owner is a person who has a very limited amount of time. Therefore, they cannot be bogged down with minuscule tasks that do not bring money into a business. A business owner is the driving force behind a business and therefore their time must be used for activities that generate a lot of revenue. This is because they are the only person in the business who could do this. Therefore, the smaller tasks that can be delegated should be delegated. This allows the business owner to focus on building the business and not doing minuscule things that do not help the business grow.

This is why a collaborative tool combined with a social business-networking platform is very important. These tools allow a business owner to effectively delegate the work to someone who is less important in the business. Therefore, the business owner can spend all their time building the business instead of worrying about if there floor is mopped or if they sent a bill out. A business owner needs to worry about growing the business and nothing else.

The last and most important thing that a business owner can do to make their social networking campaign as effective as possible is to find someone to help them. Obviously, this takes an expert in using the social media system. There many people who purport that they are social media experts but they are not. A real social media expert is someone who can build a list, and use that list to sell products and services. Most social media experts rely on their friend and follower list to prove how good they are at the social media systems. However, a large list is not a buying list. Sometimes that list is just a list of people who like to hear from that particular list owner. The truth about social media and its experts is that those who are skilled at using social media systems are able to sell products and services with their list. If a social expert cannot do this then they are not an expert they are merely an amateur who is good at building a list of people who like to hear them talk.

In conclusion, there are many things that a business owner can do to make their business social networking experience more effective than it presently is. Looking at this article in paying attention to all the details will help a business grow their social media campaign larger. This is a massive plus as a larger network is always helpful to grow the business. Therefore, any business that is hesitating to get into social media should not hesitate anymore and find the right help to get them the results that they want.

Scott Buendia consults for All the views and tactics in this article are tactics and ideas of the author; they do not necessarily represent the ideals, beliefs, or trademarks of Visit his card on Bizbuilt here,

Uncategorized Editor Fri, 20 Jun 2014 19:10:51 -0400