Author: Complete Controller

Preparing to Work with Delivery

First, when choosing a courier service, be guided by your activity. Delivery of pizza, food, clothing, furniture, and equipment is very different, and the requirements for delivery services will be additional. You must bring pizza quickly while it is hot, for clothes, fitting rooms are needed at points of issue. With oversized cargo, there is even more trouble: movers, trucks, and other services are required, for which you will have to pay extra.

Secondly, the online store must have business processes built, the primary being logistics. The speed and price of a delivery of goods to the buyer depend on how storage, packaging, shipment, and interaction with couriers are arranged. So, if your business processes are not well established, pay attention to order fulfillment.

Thirdly, the delivery service must have a technical integration with your online store or the ability to customize this integration. It will indicate the cheapest delivery in the online store, tell you under what conditions you can get an order for free, and what additional services to count on.

Delivery Types for an Online Store

Often the seller connects several types of delivery to his site. When placing an order, the buyer compares prices, terms, and conditions and chooses.

Express delivery

It is the most popular type of delivery, especially during a pandemic. The main plus is the transfer of goods to an address convenient for the buyer and a decrease in the percentage of failures.

The disadvantage is that it is noticeably more expensive than delivery to the point of issue of the order (PVZ) or parcel terminal, and more costly than sending it by Russian Post. The price of express courier delivery is even higher, which helps the buyer to receive the goods as quickly as possible for an additional fee. Its disadvantages are the high cost and the risk of refusing the goods if the courier is late.   

Pickup from the point of issue of the order

Customers are used to this economical way of getting goods, so online stores use it. Here the client is not tied to time and chooses the point of issue of the order. Additionally, there are fitting services at the pickup point and the possibility of returning goods. Disadvantages of this method: the percentage of goods produced is higher than with courier delivery, and there are pickup points only in relatively large cities. You must send a courier or a parcel by mail in small towns and villages.

Postamates

This method has all the advantages of delivery to the pickup point, but there are restrictions on the size of parcels and the shelf life of the order, and there is also no possibility of the fitting. The cost of sending goods to a pickup point and a parcel terminal is approximately the same.

Post office

Cons – lack of express delivery, poor quality of service for both online stores and their customers, the inability to try on goods, it is an opportunity to send an order to all country points. The cost of the service is often lower than that of commercial services.

Transport companies – long-haul transportation

A particular method of delivery is transport companies. The goods are transported to the terminal of the transport company in the buyer’s city. This method is suitable for bulky goods; the cost here is often lower than in courier services. Minus – the goods are sent according to the schedule once a week or more often, depending on the region.

Courier delivery services

When choosing a delivery service for an online store, study its working conditions, ensure that the service will be convenient for customers, and consider your interests.

Delivery Service Aggregators for an Online Store

There are courier service aggregators on the market. The seller works with an aggregator, which analyzes the prices and terms of different delivery services with which he has an agreement and offers options for sending an order to buyers on the site.

Advantages of working with an aggregator:

• Parcel management from a single administration menu.
• Integration with popular website CMS systems.
• Savings on logistics.
• A single courier will pick up all the parcels from you,
• Payment of one invoice and reconciliation with one counterparty
• A single tariff for receiving cash on delivery payments.

Fulfillment

Fulfillment of an online store is an exciting way to develop a company with minimal investment. It is a complex operation from when the buyer places an order until the purchase is handed over to him.

Pros and Cons of Working with Fulfillment Operators

Benefits of working according to the fulfillment scheme:

• The seller ultimately gets rid of the worries of organizing logistics.
• No need to rent your warehouse.
• No need to conclude contracts with courier services – the operator is responsible for the delivery.
• You cannot use online cash desks – the operator will accept customer payments.

But you will have to prepare for some difficulties:

• Fulfillment services may cost more than their delivery organization.
• You must establish a document flow and solve problems with labeled goods.

If the operator did not deliver the goods, you would accept claims from the buyer. If the operator accepts payments, then the seller can receive this money only on the dates specified in the contract:

Fulfillment companies can differ widely in terms of the quantity and quality of services. Pay attention to operator prices, work with product categories, coverage geography, and a set of services. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

If you’re looking to start a new salon, you may wonder what it takes to get there. That’s where this blog comes in! I’ve had a great time with stylists to learn many helpful tips for entrepreneurs looking to open their businesses. In this blog, I’ll cover everything from choosing the right location and equipment needed for your salon and why they matter so much to ensuring that all your employees are adequately trained before opening day.

Know What You Sell and How to Promote it Effectively to Consumers

Understand your product offerings and logistics to make informed decisions about advertising, marketing strategies, and distribution channels for each product line in your store or salon.

Learn about suppliers: Their quality standards should be high; they’re responsible for ensuring a consistent supply of good-quality products every day; these suppliers can also help promote new developments within their industries.

Write a Business Plan

Writing a business plan is an essential part of starting a new salon. A business plan will help you set goals and develop strategies for achieving them so that you can focus on the things that are most important to your company’s success.

Choose a Location

You should choose a location based on the type of business you will be operating. Your clients are more likely to support an independent company like yours if they know that their service provider is not part of a large chain or franchise operation. If you’re starting, it’s best to avoid busy areas with many other salons and hair stylists.

Obtain Licenses and Permits

Obtain a business license and health department licenses. Get a tax identification number and register with the fire department, zoning board, building inspector, etc. Furthermore, obtain trademark protection and copyright registration in your state if you want to use any of these things as part of your salon’s name or logo.

Buy the Necessary Equipment

Once you have decided on a location for your salon, the next step is to make sure that you purchase the necessary equipment. It will include everything from razors and scissors to hair dryers, curling irons, and manicure tables. It would help if you also bought wands for conditioning hair or faces.

If possible, it helps to buy items in bulk so that you can use them over time without replacing them regularly, which saves money.

Decide on Your Salon Concept

Your salon’s core values will be reflected in every aspect of its operation, from how you greet clients to what you sell and how much time you spend on each service. Your brand should reflect this vision and speak directly to customers’ needs, with clear messaging that connects them with what they want from their experience at your business. A tagline or slogan can help solidify all these points into a single message that resonates with potential clients: “Let us make you look great!” or “A fresh approach to beauty.”

Train Your Staff

It’s essential to train your staff on the job. You can teach your team how to do the job and interact with customers kindly. It will help them feel more confident when they begin working at a new salon and provide valuable experience for new employees you might hire.

If you have time before your opening date, consider training your staff in advance so they are prepared when it comes time for them to start working at their new location. In addition, make sure that everyone knows what is expected from customers and employees when it comes time for business hours!

Starting a successful salon takes proper planning. Here are some of the steps you should take.

Secure Financing for Your Salon

Getting your business off the ground is hard enough, but securing financing for your salon can make or break the success of your new venture.

Fortunately, there are plenty of options out there for those looking for financing for their business.

Some of these options include:

1. SBA loans
2. Commercial bank loans from banks that specialize in small businesses
3. Small business loans from large financial institutions. The interest rates on these loans can be higher than SBA and commercial bank loans, but they’re also less expensive than alternative funding sources such as equity funding or pure debt.
4. Equity funding is another option. It’s money raised by selling off a portion of the assets and using it to fund the rest of their business plan. You’ll need to find investors willing to buy into your dream and be ready to invest some money upfront before they see any return on their investment in your company’s success.

Conclusion

Hopefully, this article has given you some ideas for starting a successful salon. If you follow our tips and take the necessary steps, you’ll soon be on your way to making your dreams of owning a business come true. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

What is a Business Plan?

A business plan is a written document that outlines your business idea. It’s a road map for your company and can be used to manage it, get funding, and communicate with others.

For example, if you have an idea for a new restaurant but don’t know where to begin or how much money it will cost, creating a plan will help you see where you’re at in the process and what needs to happen next.

Business Plan Format

To write a business plan, you’ll need to consider the following:

The business plan should be easy to read and understand. It would be best if you were clear and concise. If your writing is unclear or too long, people will lose interest in reading it before they even begin.

It must be easy for you and others working on this project with you (your colleagues). It means that you shouldn’t use any jargon or complex words in your writing so everyone can follow along easily without having trouble understanding what’s being said at any given moment while creating this document itself!

Executive summary

The executive summary is a concise and compelling summary of your business idea. It should be no more than one page or as short as possible (one to two pages). This document aims to get your audience engaged and excited about what they will learn from reading it.

This section should be easy for anyone who reads it, including non-specialists who may not have all the knowledge required to appreciate its contents thoroughly. In addition, you should ensure that the language used throughout this document is simple enough for someone unfamiliar with finance jargon or accounting practices. But also detailed enough so there isn’t confusion about how essential parts work together or why certain decisions were made by someone else before yours arrived on the scene.

Market Analysis

A market analysis is a process used to determine your business’s potential size and growth potential. It involves analyzing the current state of the market, as well as predicting how it will grow over time. It can help you determine whether your product or service will be successful in this industry or niche market.

For example, suppose you’re looking at selling cosmetics online but don’t have any data on what kinds of people are already buying makeup online (or even if they are). In that case, it might be difficult for you to decide whether that’s something worth pursuing further down the road.

Key Staff Members

As an entrepreneur, knowing your key partners and suppliers is important. Consider using another company as part of your supply chain rather than having all purchases handled through one entity. It will help you establish credibility with potential investors. It will also show that other options are available for purchasing goods or services from someone else.

Service or Product Line

What is the benefit of the service or product?

How does it differentiate from your competitors? If there are any apparent similarities, how will you overcome that disadvantage?

How will it be delivered and marketed (e.g., through distributors)? Will it be sold in stores or online only, or can customers order directly from your website if they wish to do so? Will you provide delivery services for customers who live outside your area but want access to your goods anyway (e.g., if they live close by but don’t have easy access)?

Marketing and Sales

Marketing and sales are the lifeblood of a business, but many entrepreneurs get them wrong. Marketing is about creating awareness of your business and products, while sales are about converting that awareness into customers. You need to have both—a marketing strategy and a sales strategy—to make sure you build a successful company!

Financial Projections

Financial projections are a part of your business plan. They are a prediction of the future, a forecast for what you expect to happen in the next year or two, and sometimes even longer. The numbers used in financial projections can be quite complex and are not always easy to understand, so you must have someone who understands them as well as you do if they’re going to help write your business plan!

Conclusion

Many resources are available to help you create a business plan, but it should be your effort. The payoff can be tremendous if you’re willing to spend the time on research and development.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Your business will only make progress if you stay in the competition, and that is only possible by keeping track of the constantly changing drifts and keeping up with the latest trends. If we talk about the bookkeeping trends, they are not slowing down any sooner, and one must keep pace with them. 

Technology has taken over the entire world the word itself means development. It is reshaping businesses and industries in the modern setup. Take the worldwide crisis of COVD-19 into account. It has transformed almost everything, including systems and processes, and changed manual tasks into automated jobs. From the traditional working methods to increased dependency on digital technology like online schooling, work-from-home businesses, etc. Digital industries are evolving increasingly, and big or small companies now depend more on remote bookkeeping.  

With prevailing technology and evolving IT industry, a paradigm shift has occurred, and businesses operate more efficiently and effectively. 

Following are the six key bookkeeping trends that young entrepreneurs and small businesses can take advantage of in the coming years: 

1. Bulk data transfers: Today, data doesn’t mean numbers and figures. Things accountants have been dealing with for decades. It also includes amorphous numbers that you can analyze through natural language processing. It works like a fuel driving various transforming finance and accounting in the fourth industrial revolution through swiftly changing technology trends. The audit process has also been digitalized now. These reforms are vital and help generate more revenue by improving internal operations. Now it’s no big deal to transform numbers and figures, i.e., date in bulk, and save considerable time and extra effort. 
2. Most SMEs were shifting to the cloud: Many small and medium-sized enterprises are adopting cloud-based computing services, also known as software as a service or SaaS. They allow the user access to various software applications that run on shared computing resources. Software is not only user-friendly but most convenient as well. You can use different software like QuickBooks and Xero for this purpose; however, every user has his requirements, and he has the option to choose any such digital software according to his demands.  
3. Data analytics: Data analytics is one of many rising trends in technology that helps to reach fresh, innovative, and valuable insights from your existing data. All of this is possible in less time now due to analytics. It also provides detailed and actionable statistics that help build your client’s trust. 
4. Artificial Intelligence (AI): Artificial intelligence can help accountants and bookkeepers be more productive and efficient. The robotic process automation or algorithms allow machines or AI workers to finish lengthy and time-consuming tasks in significantly less time. These machines also help reduce manual labor, reducing the chances of high costs and errors. Modern technologies have altered clients’ expectations of businesses and corporations. Now clients demand high-level accuracy and more efficient jobs since AI has made things more precise. 
5. Improvement in inventory tracking and management: With the increasing use of the internet and the development of modern technology and devices combined with artificial intelligence, communication and operation can occur without much human assistance. Now professional financers can track their transactions and other records in real-time. Audits have become much more streamlined due to this uninterrupted monitoring. Inventory tracking has become much more accessible, and checking and managing the right amount of available supply (in a business stock) is not a problem.  
6. Learning bookkeeping is no biggie: Thanks to technology and the internet, every piece of information is available online, and with a single click, one can search for anything. Online video tutorials are a big help; beginners and entrepreneurs running either small or low funds can get help from these software programs. 

Bookkeeping trends will keep changing and evolving in the future, and you can only succeed in your business if you keep pace with these shifting trends. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

The increased use of AI has decreased the workload of humans and resulted in quick and more efficient work at a lower cost. Like the applications of AI in our daily lives, AI has a wide range of benefits in healthcare. However, the process of healthcare transformation through AI is still in progress. There are eight ways in which AI is used in healthcare and how it is transforming the healthcare industry.

Help People Stay Healthy

The potential benefit of artificial intelligence is it keeps people healthy without going to a doctor. Due to advancements in artificial intelligence, several applications are helping to maintain people’s health. These applications promote healthy behavior in people by guiding them to manage a healthy lifestyle.

Among the uses of AI in healthcare, the most common use is that it helps medical professionals understand people’s everyday health needs. People can provide valuable feedback using artificial intelligence. Therefore, due to artificial intelligence, people don’t need to visit the doctor daily.

Early Detection of Diseases

AI in the healthcare industry helps detect diseases at their early stages, such as cancer, hepatitis, etc. The extensive use of mammograms in healthcare helps accurately track multiple conditions. Moreover, it reduces the need for biopsies.

You can use consumer wearable things in combination with medical devices to detect heart diseases at their early stages. It enables medical professionals to detect and monitor life-threatening diseases at earlier stages and provide the patient accordingly.

Disease Diagnosis

In the healthcare sector, AI gives healthcare data, medical journals, case studies, and medical information to diagnose a disease. It helps healthcare organizations to introduce treatments of different infections as per the available data.

Researchers identify and analyze healthcare problems by using artificial intelligence. Combining machine learning systems with neuroscience has resulted in the development of neural networks that can mimic the human brain.

Clinical Decision Making

Healthcare data and records availability through artificial intelligence helps medical professionals make timely decisions.

In healthcare, AI is also used as a pattern recognition system to identify the risk of patients developing a particular disease. Another application of AI is recognizing the potential threats to a healthy lifestyle due to environmental and other factors.   

Artificial intelligence has altered the way of decision-making of healthcare providers. It gives access to the relevant data required to diagnose and treat diseases and overall healthcare management of people.

Treatment of Patients 

The role of AI in the healthcare sector is more than healthcare records scanning, as it tracks chronically ill patients at greater risk of exposure to a specific condition. It helps medical professionals to use a more comprehensive and strategic approach to managing the disease. Patients can also control their healthy lifestyles through efficiently designed healthcare plans and long-term treatments.

Lifecare Support 

Certain conditions like heart failure, dementia, etc., cause slower death of patients. Loneliness often characterizes this phase of life, but artificial intelligence has come up with a solution. Robots have brought a revolutionary change in our lives, as they make people independent, decrease the need for hospitalization, and provide home care.

Technological advancement is still modifying the functions of Robots, from making just conversation to using other ways of social interaction. Technological advances will also keep the mind of aged people sharp and fresh. This intervention of AI in the healthcare industry won’t let people die without proper care.

Research 

The path of drug introduction in the healthcare industry from research laboratory testing to a patient’s treatment is quite long. It takes several years for a drug to be approved by medical professionals. Even after those several years, only a few drugs are approved for human testing and usage. Moreover, a company spends millions to develop a drug and get approval for it.

This concept of drug research uses interventions of AI in the healthcare industry. You can reduce the cost of developing a drug by using artificial intelligence techniques in the overall research process.

Training Programs 

AI has eased the training program for medical professionals and people. With technological advancement, we can get more comprehensive responses to several questions from people that help evaluate the effectiveness of training sessions.

In this way, future training programs can be designed per the previous responses to better meet the audience’s needs. Moreover, you can conduct the training programs regardless of location and medium.   

In a nutshell, AI is revolutionizing the healthcare industry. Whether it is treatment, diagnosis, or research, the uses of AI in healthcare are innumerable. I hope you have gained important insights into AI in healthcare.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Personal debt is a consumer’s debt that sometimes small business owners use to fund their businesses. Personal debt is not an investment to the company but is used to gather loans for the business or use personal credit card debts to stabilize your business. There are many ways to secure capital to start a new business, for example, business loans or investments by partners or shareholders. Still, it will require the company to pay them a certain amount as interest and profits in return. Personal debt is not called an investment because no repayments are required. 

 

Personal debt is manageable and feasible for the start-up business when consumed practically. Personal obligations can include maxing out your credit cards and using your loans. But an entrepreneur should always consider and follow some rules before deciding to use private debt to finance the business. Those rules are:

 

●    Research what other options you have. Do not put personal debt as your priority to finance your business. The main reason behind this is that you might end up with no private funds to make confidential transactions and expenditures if you give it all to start a business. Starting a business is a considerable risk and does not mean that the entrepreneur will have a successful running business. If your business fails, you will be left with no money and go bankrupt. Many other sources of finances are safe and reliable and will not ask a lot from the business in return. You can consume debts like lines of credit or business credit cards without any or minimal interest amount, so your business will not face losses. It is essential to consider every option and conduct detailed and profound research on each option. 

 

●    Cut down on your expenses and other debts. Businesses with many different obligations over their heads end up struggling more than those with only one or two big loans. Calculating the total amount of interest payable on the different debts is comparatively very high from the individual loan interests. A high debt ratio will also decrease your credit score and harm cash flow. Before you decide to use personal debt to finance your business, you should pay off or eliminate other debts.

 

●    Find debtors who ask for lower interest rates to make it less complicated. Many types of debt do not require high-interest payments and are easily accessible. You can obtain debts like secured debts by offering collateral to the debtor in exchange for the amount. The interest rates are also low as compared to unsecured debts. Make sure you will pay it back to save your asset offered as collateral.

●    Consider crowdfunding to finance your business. Crowdfunding is an excellent source of finance for start-up businesses as there is no repayment for this finance. Crowdfunding comes from several different individuals. Crowdfunding can do it through social media, where you can reach several people and take their help. This is the easy way out as no costs will be put up, or you will face no losses in crowdfunding. 

 

●    Always create a Plan B. You should always have backup plans to save yourself from personal bankruptcy in case of failures or instability. Be prepared for all obstacles and know what you are doing and your decisions. Create an emergency savings account only in unfortunate situations and try getting help from professionals while making big decisions. 

 

A few significant characteristics of an entrepreneur are being practical and making accurate decisions. These two are applied when entrepreneurs decide to use personal debt to finance their businesses. You should always follow the rules to prevent future regrets and complications. Start-up business owners must know about running and managing debts and other finances. If the entrepreneur is attentive about the activities in the industry, they can run a successful business, and their business can grow in the future.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Businesses, small and large, have struggled very hard to survive the brunt of the covid-19 pandemic. Be it North America, Europe, or the Far East. The pandemic has hit businesses globally at a massive scale, particularly impacting SMEs significantly. The global pandemic has led a lot many companies into serious debt. 

With the business pace slowing down and revenue slowing down, hundreds of thousands of businesses filed for bankruptcy or closure themselves in the last 15 months.

According to the Wall Street Journal, over 200,000 small and medium-sized businesses were closed during the Covid-19 lockdown, a number which is suggested to be far better than what experts initially suspected.

The most complex businesses to take the hit include entertainment and service-driven companies such as restaurants, theatres, cinemas, and retail shopping. While online shopping platforms like Amazon, e-bay & Flipkart, etc., and online food ordering had already taken a massive toll on the retail and restaurant industry, the pandemic only led to a further falling consumer demand, reduced spending, and social distancing SOPs being mandated for businesses to hit the companies hard. From Deans and Deluca to Hertz Car Rentals and CMX Cinemas, many major companies have filed for bankruptcy recently due to the impact of the Covid-19 pandemic. 

But those are all gigantic companies with enormous cash to settle unpaid debts and creditor loans. If you are an owner of a small-sized business and your revenue generation has taken a plunge, here are your top business insolvency options to get you off the debt.

Settle out of the courts: If you have run out of business and can’t figure out a way to pay off the debts of your creditors, it’s about time you reevaluate your decisions. Try working a solution out of the court. Liquefy any company assets like infrastructural components, brand name, & data, etc. Instead of filing for bankruptcy through court, discuss your situation with your creditors and give them at least half the minimum amount you owe them. Settling out of court can benefit both you and the creditor as they can get some of the money owed to them. Otherwise, your creditors might not get a single penny. However, to settle out of court, you need to have cash or assets that you can quickly liquefy. 

File for bankruptcy: If your business accounts have completely drained, you can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy. With Chapter 7 bankruptcy, any assets not exempted by the state selling laws to pay off the creditors. Whatever debts remain at the end will be wiped out. In Chapter 13 bankruptcy, you can make repayments in a period of 3 to 5 years. This way, you don’t lose any property, and your creditors also get their money back. Chapter 11 bankruptcy is more of an organizational restructuring where you don’t completely shut the business down. But instead, you can borrow new money from a different creditor. Bankruptcy works only if your creditors vote in the favor. 

The bankruptcy option usually works better for a Limited Liability Company (LLC) as the owner is not personally liable to make payments to creditors by selling off personal assets. However, if you have signed any personal guarantees to your creditors, even bankruptcy won’t help you keep your other properties or assets. 

Another thing that can go down while filing for bankruptcy is that your creditor can go to court and sue you for being responsible for leading the business to losses. This way, you might have to pay off the debts yourself too. 

Negotiate deals on your business debts: if you can’t pay your creditors in total amount, you can negotiate deals with your creditors. Exchanges can be done out of court directly with your creditors. You can discuss paying partially or in long-term installments. While negotiating these deals, prioritize your debts first and settle the ones which can eventually make you personally liable if you can’t pay them in time. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

With more people choosing to stay indoors to avoid contracting the coronavirus, access to healthcare has also somewhat become restricted. Although healthcare services providers are available around the clock, the facilities they work in are public places one must avoid as that is the need of the hour. Thanks to virtual reality, the pharmaceutical industry has now conveniently provided care and services to patients.

Many entrepreneurs and experts in both industries have worked together to achieve convenient health services for practitioners and patients. Though virtual reality in this industry is relatively new, the future for such collaborations seems bright. The hands-on experience offered by VR applied to medicine has helped doctors overcome many barriers created by the social distance actor in the post-pandemic world.

Virtual reality comes with its own set of benefits that make it readily adaptable by industry experts everywhere. Some significant advantages include: 

• Experience the world without having to move an inch
• Make-shift working environment with a real-feel
• Interact with people without having to meet them physically
• Employers can train and educate their staff using different VR classrooms and interactive programs with the help of giants like Lenovo and Google.

Virtual reality and the pharmaceutical industry

Doctors and other medical professionals actively use VR and its benefits in multiple ways. From exploring innovative treatment methods to working closely with their coworkers and staff, digital tools help practitioners operate smoothly from remote distances. A doctor can use a VR headset to place himself in a hospital environment, although he might physically be in his study room.

VR technology is employed by industries globally. People are still curious about how it works and the experiences it can offer. This technological innovation is slowly but surely revolutionizing the pharmaceutical industry, a desperate need of the hour. Below are some areas within the medical arena that use VR.

• Patient fitness

The healthcare and pharmaceutical industry uses many tailor-made VR applications to interact with patients who need physical treatment. Such programs should improve patients’ health, train them individually, and closely monitor their progress. Nutritionists and physiotherapists can use scenic backgrounds, virtual cyberspaces, and stimulated 3D environments to provide a real-time feel to their patients.

• Non-invasive robotic surgery

Yes, that’s right! With the help of artificial intelligence and machine learning, robots are already performing surgeries. This progression is probably one of the reasons surgeons can take a step back while supervising non-invasive surgeries through VR technology in the presence of robots. These intelligent machines have proven to reduce surgical complications, perform procedures much more quicker, and even reduce blood loss.

• Medical training

Senior health professionals can train incoming, fresh doctors entering the pharmaceutical industry. VR technology allows practitioners to reenact real-life situations to help trainees practice under the supervision of certified surgeons. Virtual reality gives users more control of the problem over practitioners without wasting any resources. While synthetic scenarios save time and other resources, trainees also get a chance to learn from hands-on experience from practicing.

• Patient education

Surgeons can use VR 3D simulations to take patients through the surgery before it takes place to complete an understanding of the procedure. Patient knowledge and consent have been a growing concern in the healthcare and pharmaceutical industry; hence You can use VR extensively to enhance patient knowledge and comprehension of the surgical process before it occurs.

• Chronic condition therapy

Traveling to receive medical care can become difficult in complicated cases involving people with disabilities and severe medical conditions. VR plays a huge part in mitigating physical limitations in such cases without compromising the quality of care provided by professionals. People with disabilities for whom commute serves to be a challenge may probably benefit from VR technology the most to get daily chores and treatments from the comfort of their homes.

• Treating phobias

VR is probably the best way to help patients deal with an irrational fear of various things in their surroundings. Doctors and patients can utilize 3D-generated physical situations to overcome feelings of anxiety with careful guidance. When kids are involved, you can use VR to distract them from excessively panicking, making the treatment as smooth and painless as possible.

• Prototype and design

Before testing out machinery, medicines, or equipment directly on human flesh or organs, doctors and practitioners can try out their effects to ensure they do not pose a risk to patients. This prior experience with equipment and other items will help doctors perfect their form and usage during necessary surgeries to smoothen out processes.

Virtual reality is the future

You read that right! From saving millions of lives to offering real-time experiences from your very home, VR is changing the world one industry at a time. Medical practitioners and doctors excel daily in the healthcare and pharmaceutical industry and successfully provide quality care from miles away. In a rapidly changing world, such technological innovations help experts efficiently perform their duties, fighting all obstacles that stand in their way. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Money can’t buy happiness; similarly, money can’t believe Google’s ranking. Although cash can help attain some rank, it doesn’t mean it’s the only thing you need to rank higher. Along with the investment, you also need a proper strategy to improve Google ranking and appear at the top in search engine result pages (SERP).

Ways to Improve Google Ranking 

Here are some steps to improve your Google Ranking to help you achieve long-term success.

Know Google ranking algorithm: Before proceeding with SEO strategies, you must know the algorithm and on what basis it ranks websites. Google usually announces significant updates, but the algorithm’s functioning is still questionable and unknown to many. Industry professionals and experts speculate on the considerable information.

Life would be easy if everyone knew how to rank higher without shortcut penalties and blacklisted SEO strategies. Anyone could attain the top position without putting in much effort. You could make it difficult for hardworking and honest people to succeed and follow Google’s mission and values.

Some major Google algorithm updates that can give us insights are:

• Mobile-first Update: Googlebot monitors websites as smartphones and prioritizes the well-navigated ones.
• Mobile-friendly Websites: Google supports mobile-friendly websites and penalizes those which don’t comply with this standard.
• Pigeon: Leveraged local search results in Google, such as Google maps.
• Hummingbird: Understands and considers Google search context and intent instead of typed words.
• Penguin: Identified spammers and websites that buy inorganic links to rank higher.

You might wonder how you will track Google’s algorithm updates. Among several available databases, Moz’s Google Algorithm Change History is helpful for maintaining updates in chronological order.  

• Assess your current position

To attain a higher Google ranking, you need to know where your website is standing right now. You can use several tools to assess your site’s ranking.

Ubersuggest for keyword ranking: You can use Ubersuggest to track your keyword ranking if your content has specific keywords. After login, you need to go to “Competitor Report,” click on “Traffic Overview,” enter your domain, and a list of keywords will appear for which you are attaining a higher rank.

Keep track of your website’s speed: It is an essential element of Google ranking to keep updated with your website speed. If your site’s speed is lower, it will not attain a high search place, driving your customers away. Walmart’s conversion rate declined due to its site’s increased load time from one second to four seconds.

It doesn’t matter if your on-page SEO tactics are effective or not, but if your site takes time to load, the Google algorithm will not support it. Several tools can assess your page load speed, including Google PageSpeed Insights, Webpage Test, and YSlow browser extension, specifically for Yahoo and Pingdom Website Speed Test.   

Go to the website, enter your URL, choose a location, and start testing to use Pingdom. If your site attains numbers above 50, its speed is good enough, but you need to improve it if it is lower than 50.

Keep updated with your website’s health: After keyword ranking and the site’s speed, the website’s overall health is worth considering for Google ranking. You can use multiple tools to resolve the issue if your area experiences a sudden decline in its natural traffic. MXToolBox Domain Health Report Tool identifies the significant issues in the mail server, web server, general site problems, DNS, and blacklist.

To check whether Google penalized your website or not, log in to Google Search Console and check out the “Security and Manual Actions Report.” If Google has taken any actions against your site, it will appear in a manual report.

• Measure SEO metrics

SEO metrics are an essential factor to consider in improving Google’s ranking. Here are some critical metrics to which you must pay attention.

Organic traffic: This metric shows you the number of visitors that visit your website daily via Google. Paid ads, email, and social media generate organic traffic but vary according to industry standards. To keep track of the number of viewers on your site, you need to check out the Google Analytics acquisition channels report.

Traffic conversions: To analyze organic traffic, you need to pay attention to the keywords driving search traffic to your site. SERP Scan is a simple and valuable tool to identify traffic-generating keywords. It will show you the results of the past 12 months with an on-page SEO keyword performance chart.

Understanding the Google ranking is doubtlessly a difficult task but not an impossible one. Using the above-described keys of higher order can help you achieve your goal without getting penalized. One can improve their website’s search ranking by adequately implementing the steps.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

What are typical questions in this industry?

How can I prepare for them?

How do I know what the interviewer is looking for?

When answering these questions, they flow naturally from your answers during the interview process and make sense with how they fit into your overall career goals.

Prepare a presentation to showcase your skills if most of your experience is academic, such as at school.

If you have a lot of academic experience, such as at school or university, it’s crucial to prepare a presentation to showcase your skills.

You can practice in front of a mirror and ensure everything looks good before going on stage. You may want to practice on your own first to know what questions will be asked and how well you can answer them.

If there are other people around who could help with the process (such as friends), they’ll also want to participate; otherwise, they might not understand what’s going on either!

Research the people interviewing you as well as the company

Look at the company’s website, then dig in.

Look at the social media accounts of the business and its leaders.

Check out LinkedIn profiles of top executives, including those who may be interviewing you (and are not publicly accessible).

See what Glassdoor users have to say about working there—and be on the lookout for any complaints about poor management or other issues that might affect your decision-making process. The same applies to Crunchbase, a database of companies’ funding rounds and acquisition activity; it can also tell you if there have been recent layoffs or rumors of upcoming cuts in staff numbers or marketing budgets.

Prepare a few questions of your own

Preparing questions for the interview is crucial because it shows that you’re interested in the job and want to know more about what is being offered. It also shows that you put some thought into the process by asking questions instead of just accepting whatever comes your way.

You should prepare at least three or four different types of questions:

• Why do people hire me?
• What kind of training would I need if I were hired as an assistant?
• What types of qualifications do they look for in someone like me?

Bring a fresh set of eyes to your CV, cover letter (if relevant), and portfolio (if applicable).

You’ll need to write a CV, cover letter, and portfolio if you’re applying for a job. You may also be asked to make a video testimonial or presentation as part of the application process.

These documents are all critical in helping employers determine who you are as an individual. Still, they can also be tricky because they require careful attention to detail, particularly regarding formatting and grammar. Here’s how we recommend making sure your work reads like the best possible version of yourself:

• Check the location, address, and mode of transport so you can be on time.

It would be best if you always arrived on time for your interview. Arriving too early is just as bad as arriving late, so ensure you’re there at least 10 minutes before the scheduled start time.

If you’re taking public transport, check your interview location in advance and be prepared for any delays or changes that might occur during your trip.
For example: if it’s raining outside and there’s no way around it (which happens often), try to get an earlier train or bus so that you can arrive at least half an hour before your meeting starts with plenty of time to spare! If possible, take a taxi rather than trying to walk home from wherever they live because walking can be dangerous. Especially when drinking alcohol makes us more likely than ordinary people not only to walk faster but also to put ourselves into situations where we could end up getting hurt badly enough that could permanently affect our lives forever.”

Dress appropriately

You are judged on how well you present yourself in an interview—and this is especially true if it’s an important one (like if a prospective employer has made an offer). When interviewing for a job, your attire should reflect the company and the position you’re interviewing for. For example:

• Dressing up when interviewing someone who has more power than yourself can send the message that they’re important enough to make sure that their team always looks professional.
• If you’re applying for a management role, don’t wear jeans or flip-flops; instead, opt for dress pants and shoes with heels (or even flats if they fit well).

Interviewing takes planning and practice. Do these things, and you’ll be more confident about the interview.

• Prepare for your interview
• Research the company and the people interviewing you

Conclusion

Carefully preparing for an interview is a great way to get your dream job. With some practice and planning, you’ll be able to answer all the questions confidently, show off your skills and make a good impression on the interviewer. Good luck! About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.