Month: November 2019

Should you be a small business owner, you will understand the importance of making a profit. The bigger your net profit, the more money you will have to spend on growing your business, the more you will have to save for emergency situations, and the more likely it is that your business will survive in the long term and not face a small business loss. However, there is every chance that your business could make a loss. While these losses might seem insignificant at first, they can quickly worsen if you don’t get to the root of the problems that could be causing them. We are thinking of problems such as these. #1: Mistakes with your accounting There is no … Read more

Are you planning on creating a brand new product? Or, perhaps you’ve already made said product and you’re simply trying to figure out how you’re going to get it to market. Whatever your situation, there’s something you need to know: your product is not going to sell without effective product packaging. That’s a fact! You could have the best product ever created (well, until the next best one comes along), but without the right packaging, it’s doomed to sit on the shelf.  Let’s take a look at 6 secrets to effective product packaging below: Make It Easy To Understand The first thing you need to do is ensure clarity on your product packaging. It should be easy to understand. Companies … Read more

Starting a small business is every entrepreneur’s dream. A sense of ownership over your destiny and creating something that has a unique stamp is important and gratifying, no matter how hard you have to work to maintain it and securing the future. Of course, ensuring the long-term sustainability of your business venture is vital – no one wants the idea to die with them. But this is often easier said than done since keeping a business thriving is hard enough without having to worry about what happens if you decide to leave or pass away and how to make sure your children can take over the reins.  Develop a Plan First things first, you should actually work to put together … Read more

At some point in our lives, we tend to borrow money to solve our financial needs. There are many lending institutions that you can transact with when getting a loan depending on your financial needs and help you avoid mistakes. Usually, borrowers find the best terms available from different lenders. Before engaging in a transaction with any lender, you need to know and understand the dos and don’ts in this kind of relationship. However, even with how diverse your choices are, you must be careful about who you deal with. Borrowers who don’t have much experience or even those who had borrowed from lenders a couple of times still tend to fall repeatedly on the same mistakes.  While some of … Read more

It’s the time of year where money is starting to feel a bit tight. With the holidays around the corner, it can be an expensive time of year! Not only that, but the thought of a new year will also see you want to start making plans such as a vacation, moving home or changing careers. But these plans can cost money, and your current financial situation might not allow you to make these plans. It’s no wonder that many people turn to side hustles to help boost their incomes and to help with their financial goals. Making money in your free time is something that anyone can do, with a lot of ways to do it. Here are 14 … Read more