All Posts in "NEW BUSINESS MATH"

Tips For Saving Money On Office Supplies In Light Of The Pandemic Effects

Coronavirus hit the world of finance heavily. Economic downturns, a lot of businesses folding up, forced laying off of workers, etc – it did a whole lot. In light of this, it will be unreasonable to keep incurring unnecessary heavy costs if your business managed to survive the pandemic. As such, you must cut off unnecessary cost. Office supplies are major things that take up a lot of money, but you may never know if you are not discerning. Here are ways you can save money while buying the best office supplies:

Always Make an Inventory of All You Need

Do not be haphazard with your buying, plan before you spend your money. Make a list of all you need and buy them at once. This will pay you more than buying them in bits whereby you can be tempted to spend more money. You can check TheOfficeSuppliesSupermarket products to see if they have everything or some of the things on your inventory.

Do not Buy on Impulse

Impulsive buying is sometimes costly. Buy what you need before you need them. Looking for your needs at the moment you need them will cause you to buy anything that comes your way as long as it is what you need, even if is costly. You can read up on other company services and choose only those that are relevant to your organization.

Buy Your Supplies in Bulk

Most retailers incentivize bulk buying, so you can save more money by buying … READ MORE ...

Sofia Benjamin by — October 9, 2020 in Economics Business Mathematics
Personal Finance Advice For Your Upcoming Business

Personal finance is a concept that includes both the management of your money and saving and investing. This covers budgeting, banking, insurance, deposits, investments, planning for retirement, and tax and estate planning. The word often applies to the entire sector that provides individuals and households with financial resources and advises them on financial and investment opportunities. For growing your business, you also need debts and loans, you can check more on Business debt relief here.

By learning how to spend, the fastest way to expand your cash is. There are different safe sites available for economics advice; when you become an investor, you will be using your capital to buy items that provide the opportunity for lucrative returns by one or more of the following:

  • Interest and dividends from stocks paying savings or dividends and shares
  • Production of capital from corporations or real estate
  • Profit appreciation from a portfolio of securities, real estate, or other properties

Advice On Personal Investments

Devising a budget

To live beyond your means and invest enough to achieve your long-term ambitions, a budget is essential. The 50/30/20 budgeting process provides a fantastic structure. Like this, it breaks down:

  • Fifty per cent (after taxes, that is) of your take-home pay or net income goes into living necessities, such as housing, energy, clothing, and travel.
  • 30 per cent of leisure charges, such as eating out and retail shopping, is assigned to
  • Twenty per cent would pay off loans and prepare respectively for retirement and emergencies in
… READ MORE ...
Sofia Benjamin by — October 2, 2020 in Finance Business
Are You Running a Business or Just Created a Job for Yourself?

I met using a potential client earlier this week and that he tells me that he feels as though he’s on a hamster wheel, but if he gets off his business won’t survive. At that point I remembered a write-up I read years back that asked the question; “have you been running a business or perhaps you have created a project for yourself?”

The difference is probably not obvious, but your answer is likely to make a significant difference in the way you operate your small business. Question! What will happen to your small business if you had to leave for a few months? Will your business still generate revenue?

Will your company survive?

I’ve arrived at the outcome that you can’t say you have a business unless you can let it rest for several months as well as the sales carry on and come in. So I ask you, are you operating a business, or have you ever created a task for yourself?

I’ve developed a task for myself, but I use a goal and a plan to create an enterprise.

It’s a worthy goal to produce a task for yourself, nevertheless, the downside is you will always feel as if you are on a hamster wheel. You’re likely to be often stressed out, work extended hours and family vacations are usually only a dream.

My exposure to most entrepreneurs and small business owners is that they are coming up with jobs by themselves. The glaring indication with this … READ MORE ...

Sofia Benjamin by — May 24, 2020 in Outsourcing Business Calculations
Are You Building Your Wealth? Or Foolishly Wasting It?

If you happen to be linked to a small company that is certainly operating as a corporation or perhaps a limited liability company, have you considered the dangerous wealth loss implications and lethal asset destruction potentials of letting owners, directors, officers or managers (entity “actors”) of these business entities, because they operate it, to foolishly stray from the path of rectitude that normally results in effective asset development and wealth protection?

Trouble spots that can defeat personal wealth accumulation will truly develop along that path when those “actors” slip into improper groups of activities.

The following list consists of examples from your large domain:

failing to get and look after business financial records diversion of business funds to non-business purposes failure to adequately capitalize the organization acting without appropriate authority in the business failure to hold required and/or sensibly appropriate business conferences using business assets as a personal property using the business to disguise illegal and/or improper personal transactions commingling business funds and funds personally claiming to stay in power over the company or acting in this mode failing to get and maintain proper minutes of business meetings failing to accurately identify the debts and assets of the business enterprise disturbing the separate existence and business life of the business failing to act inside needs of the business using the business enterprise entity to transfer and hide personal liabilities

Along with understanding all of the above, it’s also advisable to remember that such developments always derive from sloppy management. Further, … READ MORE ...

Sofia Benjamin by — May 22, 2020 in Finance Business
Tips to Optimize B2B Trade

A B2B trade e-marketplace is an online trade portal that can bring together sellers and buyers around the world over a common platform. Trade portals act as a powerful way to obtain an audience that is trying to find specific products. Sellers can develop their profiles and look after an online product catalog that’s readily available. Hence, they can promote their products and services over a global scale. Buyers can post buying inquiries for top-level deals for specific products from certified sellers.

However, success on B2B trade portals depends upon optimizing crucial aspects such as product descriptions, pricing, credentials, and content. The nature of buyers and features provided by B2B trade also affects the promotion and sale of merchandise. Hence, B2B traders need to be aware of the nature of e-marketplaces to derive maximum benefits.

Mentioned listed here are some suggestions that will help B2B marketers to fully exploit the benefits made available from International trade portals.

Optimize Content

There is a fixed space to produce product descriptions and images. Hence, you should write a tight and optimized product description or sales copy. Make sure that there are no spelling mistakes or formatting errors.

Sell Products at Competitive Pricing

International business portals are highly competitive. Buyers can access the product or service details and pricing from your variety of suppliers. Hence, sellers should know that they’ve got a little while on their own hands to construct an impact on generating greater sales.

Right pricing is going to influence the buyer’s … READ MORE ...

Sofia Benjamin by — April 25, 2020 in Outsourcing Business Calculations