Author: Jennifer Brazer

There has always been a need for a work and life balance when it comes to a career. Now, more than ever, the face of the workplace is changing. Some businesses have moved to work from home, while others have focused on a flexible work environment.

Current work responsibilities are largely inter-functional, so the worker is forced to contact more people from different parts of the world and time zones. As a result, restrictions on how, where, and when you work must catch up with this cultural change. These changes mean business owners must be flexible to have the best staff possible. Here are six reasons your business should promote a flexible work environment.

The Battle for Talent

As the most qualified professionals are the most difficult to attract and retain, many sectors encounter significant shortcomings in qualities and talent. As a result, the most requested professionals are much more selective. One of the key factors for them is flexibility.

A recent study, for example, shows that 54% of respondents would be willing to move out of town if, in their new job, they would be flexible. Therefore, a company that offers a flexible job will attract the best talent and have more chances of staying with it. This can mean the difference between success and failure in today’s ultra-competitive labor landscape.

Flexible Work Increases Productivity

Labor productivity has become a global problem. The Sage study shows that the office’s truly productive time in office is slightly less than 30 hours, on average, per week.

This average means that the rest of the time they are present in the office is not productive. So, most of the workforce working forty hours a week is only productive 3.75 days of the five are scheduled to work. Revolutionizing productivity in an innovative way, such as giving the employee the freedom to work as best suits them, can help eliminate the lack of productivity and encourage a company to make the most of its equipment.

Flexible Work Gives More Power to the Employee and Shows More Confidence

The study also concludes that 66% of workers say that being valued and accepted is one of the most important aspects of their day-to-day work.

For many, it is much more important than other types of benefits, such as free food or playgrounds. Giving the employee the freedom to work shows that they are valued and trusted as team members. In addition, it encourages them to give their best and be as productive as possible.

Improves the Welfare of the Worker

The employee’s health and well-being have become a priority for companies and vital for the employee. More than a third of the workers surveyed believe that human resources teams could improve well-being in the workplace, driving initiatives such as providing free fruit or offering subsidized gym passes.

Flexible work can help, among others, reduce stress (goodbye forever to the crowds at the train station), something that should be in the crosshairs of all companies.

Employees Demand Flexibility

One of the main reasons a company adopts flexible work is quite simple: it is what employees ask for. According to Fuze, almost half of all generations would want greater mobility at work, reaching 70% for employees between 16 and 44 years old.

The employee wants to go and look for their children at school, start and finish soon if they have an international meeting in the first hour, or go to a medical appointment without feeling any remorse.

Technology Changes Every Day

For some jobs, technology has made it no longer necessary to be in the office to carry out your work. Today, most workers have access to all the tools they need on their smartphones and tablets, which means they can work comfortably from anywhere, be it a cafeteria between meetings, at home, or anywhere they can work without distractions.

Cloud technology, for example, gives employees secure external access to all their documents, while collaboration and communication tools allow teams to work together from anywhere in the world.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Connectivity seems to be the motto for the future. From the advent of artificial intelligence and self-driving cars to the innovation that we have only dreamt of, easier life awaits us. Moreover, with internet connections consistently going up, you can be sure that it will be a surreal experience.

Now that we witness the importance of video conferencing and smartphones in this pandemic-torn world, 5G is like a breath of fresh air. The new cellular standard can reduce network congestion indefinitely. Imagine downloading an entire Netflix series in a matter of moments!

All in all, the experience seems promising as well as life-changing. However, it is a lot more than what meets the eye. So, let us explore the remarkable features of 5G technologies and how they will change our future as we know it.

What is 5G?

For those of you who are already preoccupied with other things, 5G is the next best thing in the internet world today. 5G not only promises faster downloads but unusually faster upload hours as well. Moreover, with gadgets increasing daily, the 5G network provides you with a central control system to link them all!

It is not only the users who benefit, but companies have begun their quest to achieve digital supremacy with the help of 5G. Thus, in 2019, AT&T and Verizon made a paradigm shift by adding 5G networks into their ranks.

However, with the pandemic and the demands of the 5G network increasing daily, Verizon continues to perform exceptionally in catering to them. The CEO of Verizon said, “So far, I’m pleased with how the network is performing.”

Nonetheless, 5G is a work in progress as we continue to embrace its full benefits. Especially since the devices that could boost 5G’s influence are currently unavailable for mainstream purposes, you will find that most organizations do not have the resources to make the most out of 5G well.

What does 5G Empower Us to do?

Each of us currently has phones that substantially improve things for us daily. However, with 5G in the frame, we can do the same things on our smartphones better and faster.

Add the touch of smart glasses in the form of augmented reality and virtual reality, and then you get smart devices in your arsenal. Moreover, with IoT in the frame, you can also witness improvement in search and rescue operations. Talk about drones cooperating to monitor traffic and fire assessments wirelessly with base stations spread throughout the cities.

Moreover, we are currently in a world of gaming excellence, with state-of-the-art computers and global competitions enhancing the gaming experience tenfold. With 5G technologies complimenting the gaming experience, gamers can experience lowered latency and bettered experience.

The New Version of the Speed of Light

In the era where bandwidth is absolute, 5G technologies plan to deliver speeds that surpass 4G services. With a transfer rate of 10 gigabytes per second, you can virtually download an HD movie within half a minute. A definite boost of 600 times faster than a 4G transfer speed and over ten times than that of Google Fiber’s standard home broadband service.

The first nationwide implementation of 5G technologies is in the US market, which is expected to witness a revolution in 2020. However, it is not a single implementation but a collection of different technologies working under the umbrella of 5G-based brilliance. In short, you could say that this is the modernized breakthrough of the speed of light.

5G – Connecting Devices

If you think it is only the need for speed that connects 5G to us, then think again! We discussed the importance of connectivity before, but it is much more than that. Today, we dare to dream about self-driving cars, automated thermostats, and cellphone-controlled environmental sensors. The reason is the efficacy of the 5G internet producing results and its rapid evolution in the contemporary era.  

Falling behind the Technological Development

Today, 5G technology seems like the saving grace of modern development. Many industry experts and political leaders believe that companies will fall behind if they fail to utilize 5G prospects.

Currently, China has showcased the most notable development in 5G technology to date. Thus, if companies or nations do not lay down the foundation of 5G technology in their infrastructure, then they are good as lost.

Therefore, the government must open the wireless spectrum to carriers to reach the goal of a nationwide revolutionization of 5G networks. Then, they must utilize those carriers to expand their infrastructure and develop new hardware devices to maximize the impact of 5G internet.

Conclusion

As we embark on the new technological development decade, we realize that 5G is not ready for the mainstream US market. Moreover, 5G is not available for a wider audience. Even though most companies in the US market have laid the foundation for a technological revolution, much more must be done.

Moreover, with the pandemic still going strong, the year of the 5G will have to wait a bit longer. But, as organizations continuously adapt to the prospect of 5G networks in their infrastructure, it is just a matter of when, not whether.

Not to mention, the lack of state-of-the-art devices is still not here to cater to the new and improved internet. So, if you think 5G still feels afar, then do not worry. The pieces are coming together!

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Despite looking like one of those tasks without practical application, planning allows the company to organize itself, make the processes more efficient and, thus, obtain a competitive edge. Strategic planning guides companies in decision-making and in the distribution of their resources in the period that follows.

Strategic planning is a job developed by any business, regardless of its size or industry. In the end, just as all companies need to grow and achieve goals, it is also necessary to organize and develop a plan of action that is coherent for both. Here are six steps to effective strategic planning.

Why does your business need strategic planning?

We know that, without planning, it is difficult to achieve the intended objectives. Without this prior organization, the company is lost and does not know where you want to go and much less how to get there. And most of the time, this happens because the company does not understand its culture or its differentials.

Although in the beginning you have done the home lesson and defined the mission and values, it is common to lose them over the years. In this way, seeing the business’s full potential and seeing beyond the obvious to get ahead in the market becomes a rather complex and laborious task.

Strategic planning also helps the company to discover the most appropriate ways to achieve its objectives. Here are six steps to effective strategic planning.

Step 1: Diagnosis

Also known as SWOT analysis, the first step involves looking inside the company and for the market to understand the current moment. That is, this is the time to gather strengths, weaknesses, opportunities, and threats.

Step 2: Organizational identity

For your business to be unique, you need a mission, vision, and values ​​ recognized by both the internal and external public. That is precisely why the philosophy of the company is so important and must be taken seriously. 

The mission is why your company exists, while the vision is what you aspire to become or where you wish to reach. The values ​​represent the principles that guide the company’s culture and even of the collaborators.

Thus, the organizational identity works as an important guide to hire new people, close contracts with suppliers, and even launch products and services in the market. Therefore, it is essential to reinforce it and ensure that it permeates the entire business.

Those who already have that part of the strategic planning list are worth understanding when it was developed to see the need to revise.

Step 3: Success goals and indicators

Now it’s time to put on paper where the business needs to go and what data will indicate the success of that day. The goals to be achieved must involve the entire organization. Therefore, it may be necessary to create a general goal and then turn it into sales goals, marketing, human resources, etc.

Remember that everyone’s participation is fundamental in strategic planning, so each department should have its goals. An important point here is that the objectives must be challenging and realistic at the same time. Then, nothing of dreaming remarkably high and putting numbers impossible to be reached within the market or the company’s reality.

The indicators will accompany the performance of the goals. In this way, if one of the goals is to conquer a predefined billing, the monthly billing itself will be monitored throughout the months. Finally, make all the collaborators aware of all those goals and indicators. In this way, each one will know its importance and role to reach the desired place.

Step 4: An Action plan

At that point, you and your team will know where the company is, who it is and where it needs to go. Then, it’s time to leave for the action. The action plan achieves the defined goals and objectives viable, based on a schedule and the definition of those responsible.

This means that it is necessary to define what attitudes to take and delegate them to execute them. Having this information documented can be the difference between a successful strategy and a problem, so you should be very attentive to this stage.

As not everything can be a priority, it is essential to organize actions in order of importance. With that, whatever is simpler or urgent must be done first. To help you, think about what actions will make the difference to conquer the objectives and give preference.

Step 5: Monitoring and analysis

As the last stage of strategic planning, it defines a periodicity of meetings so that the areas of the company can meet, present, and discuss the results achieved. Normally, that meeting happens every week, so it is possible to talk about what happened the previous week and think about the next steps.

In addition to this meeting, it is also important to bring together the managers to evaluate the results. Here, you should also review and redefine the SWOT analysis, the goals, and the action plan. In the end, the market is not static and must be adapted at all times.

Step 6: Leadership and commitment are essential

This is not necessarily a step to develop strategic planning. However, if the teams are not involved and are not committed to complying with the action plan and collaborating, your company will hardly leave the site.

Take, for example, a business that aims to increase billing until the end of next year. For that, it will be necessary to develop a good marketing and sales strategy, right? But better the strategy is, the marketing and sales team will not be able to do it alone if the logistics do not draw a plan to meet the clients’ demand or make the products more competitive.

The administrator will also need to fulfill his part and issue the notes with agility, just as HR needs to engage and retain collaborators. Good leadership, then, is the great differential to keep everyone motivated and keep the organizational philosophy maintained. In addition, it is the role of the leader to stimulate creativity, proactivity, and team unity.

Therefore, do not be surprised if your incredible strategic planning cannot generate results if the team is not committed and you do not have good leaders. Making everyone in the company work together is not an easy task. However, that will make strategic planning come out of paper and become a valuable differential for the business.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

When developing a communication strategy, the focus should be on creating the personality and voice of your business. To understand how to develop your business’s communication style, you must start by asking yourself the right questions.

First and foremost, you will need to define your communication targets to adapt your communication to them. Understanding the communication style of your target audience will help when developing your business’s communication strategy.

Naturally, corporate communication must have a purpose. Your communication strategy will focus on one or more objectives. Your corporate messages will, of course, aim to achieve these goals.

If your business is several years old, it is likely to have a certain image in customers’ minds. Try to determine what this image is and find out if it matches your target and pleases your prospects. If the answer is no, think about a new image and the best way to convey this image. 

As a business leader, you need to know the competition at your fingertips. Part of your communication strategy will seek to differentiate your business from the competition. This differentiation can come through a catchy slogan, new image, corporate symbol, or mascot. The means to differentiate are many. It’s up to you to figure out how to bring out a unique image that can differentiate you from the competition in an intelligent way.

After asking yourself these questions, you should be able to discern the outlines of your communication strategy. You are aware of your target, objectives, and the purpose to achieve when creating a communication plan. To achieve these goals, you must address your target.

Now that you have answered these questions and created an outline of your communication strategy, you will need to develop it. Here are six steps to creating an effective communication strategy.

Establish a budget

As everywhere else, a communication plan requires a certain budget. The first step in your communication strategy will be to define the budget you allocate to it. Establishing an annual communication budget will allow you to keep your feet on the ground and determine your human and material resources to achieve your communication objectives.

List and prioritize your goals

You know the goals of your communication strategy. The goals should be to make your company known, decrease staff turnover, increase the turnover of profits, sell a new product, and seek collaborators. The same communication campaign can meet several objectives, hence the interest of listing them all.

Know your target

In parallel to your goals are your communication targets. They can be multiple: prospects, customers, partners, employees, etc. Always take care to identify your targets and know them as much as possible to use the most appropriate means of communication. Be specific in your communication campaigns. Touching a large audience is expensive, and it is better to send the right message to the right person to optimize your communication budget.

Create your message

A controlled communication strategy goes through a thoughtful message. Each of your communication campaigns will be carried by a clear message to spread to your target. Your message will be defined both by your goals and the image of your company.

Know how to adopt a coherent corporate speech and in agreement with your target. A formal tone will be more serious to your business, while a detached tone will give it greater sympathy. It’s up to you to determine what your target will be most sensitive to, and you can plan likewise.

Choose your means of communication

A communication strategy relies on different means of communication within your reach—TV advertising, radio advertising, press relations, mailing, communication media, events, etc. Everything is feasible, provided it remains realistic with its budget. Determine the means of communication most used by your target and the most financially accessible. The most effective thing is to combine different means of communication at key times of the year.

Define your communication plan

Your communication strategy should have a timeline and a clear plan of action. It would help if you defined the communication strategy to everyone within your company to ensure that communication is clear and strong. Many organizational mistakes within businesses can be traced back to poor communication. Therefore, it is essential that your communication plan is well defined and understood by all.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Everyone has heard the phrase, “communication is key,” when it comes to relationships. However, it may be even more important in business to ensure that communication is strong between co-workers, clients, and management. In addition, because productivity and sales are the driving force in any business, communication is important when looking to increase your business’s productivity and efficiency.

The first place you want to begin when looking into productivity is to assess the profitability of your workforce. If your organization has different offices, have your managers play out a work execution survey of every representative inside their particular office.

Surveys these representative evaluations and examines approaches to support efficiency. Approach directors for their contribution, as they are the ones that legitimately manage representatives one-on-one consistently.

Building clear correspondence channels among you and your bosses, or allowing them greater adaptability with the administration of their group, may likewise help support profitability.

For companies, the main and most important asset is their client portfolio. The capture and loyalty of records are done through processes or actions focused on getting contacts, such as business visits, on supporting their databases.

Therefore, knowing and loyalty to the records is crucial for the good performance of our commercial team, to be able to identify their needs and satisfy them with a personalized offer. Companies like inform offer tailored and individualized services for this type of process, such as databases with visits.

In our day today, we are continually in contact with other individuals to relate and communicate. The big problem with these relationships is that they have deteriorated over time, and the fact of having a face-to-face conversation has become an impossible mission. This type of communication has been replaced by mobile phones, computers, or tablets, which have radically changed how we communicate and interpersonal relationships.

How to start a face-to-face relationship in the workplace? Keys to improving social relationships at work

Four of the most important suggestions when it comes to forming face-to-face sales are:

• One way to show interest in the other subject and improve their opinion towards you is through non-verbal language. The posture, gestures, or look can be basic aspects of a good negotiation.
• Stating questions can be a good way to break the ice.
• The planning of the meeting is crucial. You should know perfectly the information available to the potential client, the needs of this, the possible doubts that may arise, etc.
• Be a proactive person and look for solutions. Solutions must be provided, not problems.

How to establish visits to meet your customers

For the self-employed, it is fundamental to be attentive to their clients and maintain an active relationship with them, that is, to take on the role of a commercial agent. Unfortunately, a lot of the time, this task is difficult due to the lack of time. That is why services such as information appear, saving the self-employed doing all this type of searches and procedures.

The Database with Visit allows the businessman to accompany him during capturing qualified records, from the segmentation to the conclusion of the visits.

It takes place in three phases:

• The Database selection in which your PROSPECTA Database is used, where you can choose among more than fifty criteria such as sector, size, geographical location …
• The Sales Argument, by which personalized arguments are generated for each campaign, focuses on the recipients.
• The Visiting Agreement, in which, through a telemarketing team, the prospects will be called to close a business visit with the future client.

This type of service assures us that we spend our time maintaining that face-to-face with potential clients since they have been previously selected according to our criteria, which increases the chances of success.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Every financially responsible adult should have a savings account set up and be socking away money into it. Unfortunately, even the most financially stable or responsible adults don’t have one. The reason for this hesitation is that many people fear they will have to give up enjoying and living their best life. Truthfully it is mind over matter when it comes to having a savings account in your budget.

You have to mentally psych yourself up to start and maintain a healthy savings account. But, you also have to find ways to save while still enjoying all that life has to offer. Therefore, you have to be creative with how you boost your savings account. Here are three great savings-boosting tips everyone should know.

Rework Your Bills

Many people don’t understand they can renegotiate some of their bills—even utilities. Call your utility companies and see about paying a fixed amount usually taken from an average of past bills for that address. If you overpay the actual bills by the end of the year, you get money back, or if you used more than expected, you might have to pay the overage at the end of the year. However, if you are diligent about keeping it within this fixed amount, this can save you big.

If you are a good driver, you can get insurance companies into a bidding war to get your business. They want customers paying in premiums that are low risk ever to make a claim. So they will make excellent offers to get you. You can also call your cable company and ask for the deals they are offering new customers.

If they say they won’t give you their loyal customer, let them know you will go to another company. You can do the same thing with your phone carrier, find out what offers they have, and negotiate them yourself.

The bottom line is, you should try modifying all of your bills, getting better interest rates after you have been paying on time for a period, or getting fixed payments. The most that any company you are trying to negotiate with can say is no, but maybe they will help you save money.

Smarter Banking

Your banking institution will normally offer you bank accounts that will cost them nothing. Do your research and make sure you look into every type of bank account provided. Some bank accounts offer cashback for debit card use or higher interest savings or checking accounts. Don’t settle for the plain bank account with no extras you are offered. If you do your research, you can save money by banking smarter.

The recent trend is banking establishments offering what is called a fusion checking account. This checking account is a checking and savings account in one, and it provides a higher interest rate. This rate increase will add up, especially if you steadily deposit into this account.

Make Great Investments

You are thinking you hardly make enough to cover bills. So how can I even think about investing? There are a few ways. First, if your company offers a 401(k), contribute as much as you can. Second, if your company matches a certain percentage, contribute that amount, so you get the most bang for your investing buck.

Micro-investing is something that a lot of new and experienced investors are implementing. It is one of the easiest ways to invest when you don’t have much wiggle room in your budget or looking for another stream of investment income. These spare change investment apps won’t make you rich or able to retire early. What they will do is give you the money you can use to pay down debt or put into more significant investments.

When you go for more significant investments, make sure you have paid down your debts and have an emergency fund first. Your priority should be getting out of debt and having the ability to cover emergencies and loss of income, then investments.

Conclusion

Whether you make huge changes to boost your savings or make small ones, the important thing to do is focus on your savings. Having a savings account can mean the difference between struggling and having financial stability.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

Financial planning is crucial to a business and its long-term objectives. A financial plan generally refers to several different processes estimating required capital and assuming other factors contributing to strategic decision-making. For example, diversification is when a business aims to diversify into a new market requiring financial planning and consideration of different factors, especially costs that will be incurred.

Financial planning assists a business in seeing the larger picture and allows them to set short-term goals based on long-term objectives. Furthermore, it allows a business to understand its financial future and map out strategic financial decisions. Financial planning is not necessarily involved with new projects but could be based on existing operations.

The first step is to carry out a Political, Economic, Sociological, Technological, Legal, and Environmental (PESTLE) analysis and a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis technique which would allow you to conclude whether operating in a different country is a viable option.

Once these factors are considered, information that relates to undertaking a new project is then identified. For example, hotels in India incur taxes including Entertainment Tax, Luxury Tax, Road Tax, Value Added Tax, and Stamp Duty.

Therefore, when carrying out financial planning, the business must carry out several appraisals before preparing a budget for their project. Costs including site purchase/lease, taxation, purchase/lease of assets, liabilities, overheads, etc., must be considered.  For example, Jumeirah Group can use different techniques such as break-even, payback period, Net Present Value, internal rate of return, and the average rate of return to estimate how long it would take them to recover their initial cost on the investment and perhaps break-even or generate profits.

Every business must have a financial plan, whether it is for existing or prospective operations, without which long-term objectives cannot be met. Financial planning is at the base of every operation and is a determining factor between success and failure. However, it is also important to remember the non-financial factors that contribute to financial planning.

Decision-makers could refer to all the stakeholders involved in a business. A stakeholder refers to any party that has a ‘stake’ in the business; that is, interest or involvement in the business. Stakeholders can range from suppliers to shareholders to potential investors. When discussing information needs, it usually refers to the business portfolio, which consists of details about the business, their vision, mission, aims, product, brand, etc. However, it also refers to financial information, including Profit and Loss, Balance Sheet, and Cash Flow statements.

The business owners are considered ‘The Principals,’ and the individuals that work in a business are considered ‘The Agents.’  The individuals working in the organization are the owners’ agents and work towards objectives set by them. In this context, we can assume that shareholders, financial institutions, employees, suppliers, customers, and the government are the main group of decision-makers as they make decisions that affect the business.

Shareholders: These are considered owners as they have invested in an organization.  Some of them are on the Board of Directors who, in an annual general meeting, reviews the financial performance of the business, decisions taken by the CEO and the senior management, etc. Therefore, they are to be provided with financial performance information such as the profit and loss accounts.

Potential Shareholders/Investors: can also be considered decision-makers as they can invest within an organization, so their information needs consist of financial performance information.

Financial Institutions: Financial Institutions such as banks require financial information and financial planning information before acting as funding sources. For example, before lending, they might look at the business profit and loss account, review their fixed asset value, and demand collateral in exchange for the loan.

Suppliers: Suppliers require financial information to identify their financial position before selling, perhaps on trade credit, and achieving a credit term policy.

Government: Government bodies that review the financial performance, such as the Securities and Exchange Commission in the United States, by law, require a business to be transparent and provide annual financial reports to ensure that there is no illegal activity occurring. This protects the interest of the public and ensures fair competition within the economy.

Customers: Customers of a business must be provided with transparent information regarding the product they are being sold; the business must have a fair pricing policy.

Employees: Employees in the organization are perhaps the most crucial decision-makers as they undertake the strategic decisions and their consequences. Therefore, information from various aspects must be provided to enable senior management to decide on different subjects such as budgeting, profits, costs, etc.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.

How do I earn money? is undoubtedly the question that every person faces when it comes to giving up their office work and traveling. Unfortunately, those who grew up thinking that the only way to prosper is to spend their lives working from 9 to 6 find it difficult to think of alternatives that allow them to generate the income necessary to achieve their goals.

Do you want to know what options exist to make money online? This list is for you:

• Have a blog

In short, a blog is a type of website with articles (posts) arranged chronologically from the most recent to the oldest. Although blogs were born as an informal way of sharing information and experiences, over time, they evolved to become, among other things, a way to generate income online. Monetizing a blog requires time and effort. It is a long-term commitment if true results are desired. A blog can generate income through advertising, info product, affiliate sales, paid communities, sponsors, sale of digital products, etc.

• Work in a Freelance way

Selling services online from your home or anywhere in the world is the dream of many. The freelance market grows more and more and presents many advantages for all those involved. In short, a freelancer is a person who offers professional services to their portfolio of clients or companies through the internet. The most common freelance professions are graphic design; Web design, programming; Writer; Illustration. Legal and accounting services, engineering, consulting, and more can also be offered.

• Work as a Virtual Assistant

Like traditional secretaries, an online assistant is a person who offers different types of support to businesses or professionals from home. More and more entrepreneurs are opting to hire the services of virtual assistants, who perform varied tasks such as online research, network management, customer assistance, organization, search for clients, and more. You can easily set up your online assistant. business

• Work as a Tutor

An online tutor is someone who teaches his students through a virtual environment instead of sharing a classroom. Many tutoring jobs require academic preparation, but others are based simply on the teacher’s experience. It is quite common to find tutors who teach online languages, but it is not the only specialization that can be taught in virtual form. An online tutor can create their own business or work through specialized platforms such as:

• Tutor.com
• Tutor Hub
• Homework Tutoring
• Revolution Prep
• iTalki
• Cambly
• Tutor Vista

• Create a course in UDEMY

Udemy is the world’s largest e-learning platform – with more than 4 million students – where you can sell courses on virtually anything: JavaScript, piano lessons, yoga, personal relationships, and more. Udemy keeps a percentage of your earnings, but in return, hosts the course on the platform and promotes your course among its users.

• Become a coach

If you are an expert in a particular field, it is possible to take advantage of that knowledge and become a coach, teaching students anywhere in the world. There are coaches of all kinds: relationships, business, to lose weight, whatever you can think of. But not to be confused: although anyone can be a coach, it is a highly competitive market that often requires certifications such as ICF.

• Become a Consultant

Unlike a Coach – who teaches and accompanies you on the road – a Consultant directly tells you what to do concerning your specialty. It can be a highly lucrative profession as long as the person knows what they are talking about.

• Work remotely

This is the ideal option for those who want the independence of working from anywhere, but the security of being part of a company. While most companies prefer that their workers share an office, more and more of them see the benefits of having remote workers: employees that comply with schedules and tasks without having to be physically present in the same place of the company, but who enjoy the traditional benefits of being a hired worker, like a fixed salary every month.

• Create a Private Community

If your content is excellent and you are positioned as an authority figure in the market, then you could create a private community where in exchange for a monthly payment, your customers can access additional high-quality content and exclusive information for their members.

• Being an Influencer

Beyond giving the possibility of interacting with friends, social networks are a unique channel for companies to promote their products and services directly. This is where influencers enter the game: people with large numbers of real followers who interact with their content on networks. Companies look for these influencers to promote their products in different networks in exchange for money, free samples, etc.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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 the quantity of university placements constantly on the rise and more individuals graduating with a four-year graduate education than any other time, is it more significant to have a series of letters behind your name or long periods of Experience to depend on?

Those days are gone when employees start their profession as workers and work their way to the top, being loyal to employers or organizations. As individuals seem to pick dragging out their academic Experience over acquiring work experience in a specific field, arises a question in mind that what is the most significant experience or qualification? Here you will know what is more important between them.

The significance of qualification

First, I would like to say, a degree is not just a piece of paper, or not just regarding getting a career or job. The advantages of education impact all parts of life like; social, academic, ethical, and overall personality of a person.

For some, acquiring a degree is not just about adding letters at the end of their name, yet also about extending their intellectual information. Studying can help expand views and help one’s mental growth, yet in addition to a social and individual level.

Employers mostly demand a high level of qualification when hoping to hire new staff. At the same time, in different cases, holding a four-year bachelor’s Education can help you stand apart from other confident candidates.

Then again, one can also choose a ‘sandwich degree, which comprises amalgamating the Academic with the Experience. This kind of degree offers inside and out learning combined with involved practice, with the capability of creating an equal and sufficient and equivalent quantity of experience and understanding.

The business industry has expanded contrasted with the more than past ten years, which means academic qualities are high required and can help you ascend the ladder of achievement when taking on your future job. For example, a person with having a Ph.D. degree and does not have any prior working expert with higher salary expectations and a high-level degree. Though it is not confirmed, get a salary package of their expectation.

The significance of Experience

Although qualification is always significant, what is stable among all businesses looking for staff, is Experience. Whatever the business, somebody with at least two years of strong Experience is a resource for the field. When contrasted with a recently graduated person who has no workspace experience, the confident worker with some years of Experience back will probably have the high chances.

As an ever-increasing number of individuals acquire degrees, particularly in recent years, having a degree has gotten less of invaluable traits to affect employers with, who usually look more to have long high Experience while hiring new staff.

Though academic learning can help an applicant develop various ways, work experience offers instruction that cannot be given inside classroom walls or auditoriums. Experience is a confirmation of various incredible qualities, including working in a group and alone, adapting to working under tension or pressure, promptness, assurance, devotion, and the capacity to accomplish objectives in a functioning work habitat.

 An example of an individual who has skills and a low level of education and has excellent experience will be preferred by an employer? No! Employers always prefer candidates who have a high level of education and degree, which will benefit the business and easily adjust to the working environment.

The theory is incredible; however, a year of experience will bring about the capacity to adjust to an open workspace and work in the work environment, whatever the work.

 When it comes to hiring new staff in an organization, HR policy gives preference to those who have higher experience and previously worked in a renowned organization. And fewer chances for those who have an academic qualification and do not have any previous knowledge to work in an office.

Bottom Line

Perfect to say that the ideal applicant is those who have both qualities qualification as well as Experience. Though job opportunities from any industry will in favor of multiple qualities. History has proven that successful people give rise to both people with and without degrees.

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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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 coronavirus has changed how we do anything, the way we eat, travel, meet other people, transport things, and more. We have seen a lot from the 2020 elections to the BLM movement, suspending all the championships, facing a massive economic recession, and of course, the pandemic. The Corona Virus has changed the way we live and how we travel.

The transportation business category is comprehensive, meaning that you can specialize in one type of key or business area. If you have an interest in starting a transportation company, here are some things you should know.

Select a transport niche

As you start your transport business, one of the first steps involves what and who you will serve. You will have to figure out what niche you must choose. If you are unsure what niche to go with, then do a little bit of research. Understand how it works, the supply and demand in your local area.

Secure a federal tax id number

Another one of the first few steps in transportation is to set up as an actual business. Meaning that you will have to secure a license from your state or local authorities. You must apply for a national tax ID number or employer identification number before starting the business from a federal standpoint.

The ENI process is straightforward, and here is what you get out of having one:

• The ENI makes it easier to file a yearly tax
• It can protect your business and yourself from identity theft
• It can establish business credit early on
• The ENI also speeds up the business loan and application process

Write a business plan

Here is what your business plan should look like:

• A plan of how you will deliver your services
• Defined goals
• Marketing strategy
• Description of finances
• A description of expenses, maintenance, profit goals, and down to labor costs
• Names of members of managers, including all contact information

The insidious virus has cast a pall of fear, gloom, and demise throughout the world, leaving regions and countries without strategies and ways to deal with the pandemic. The local and international health organizations and the governments are taking responsible actions and responding at differing speeds to the spread of the deadly Corona Virus.

The self-employed are a very underprivileged labor sector, despite being one of our country’s main economic drivers and SMEs. The expenses concerning the benefits are increasing, and for that reason, we will talk about some tricks for this year, 2021, that will help you in your savings.

We will focus on the expense that transport mainly entails since it usually has a significant weight within our monthly budget and sometimes supposes a high burden on personal finances.

Our advice is not adapted to all sectors because it will depend on the professional activity or the business that each self-employed person develops.

However, these guidelines can help a large majority who may not have thought of different options or proposals that represent significant savings. But the most important thing is to remember to wash your hands before and after you travel, sanitize, and wear a mask. Here are ways you can save on transportation:

Use of public transport

If we use public transportation, we can use temporary travel cards or vouchers because the amount is sometimes reduced by up to 50%. In case you have to take several buses or transfers, it’s free. Also, this option prevents traffic jams and parking. This means double savings in terms of time and fuel.

Purchase a vehicle for work

If, on the other hand, we need to buy a car because we must use it for our trips, we recommend two options:

• Do not buy a new car because there are chances of getting a second-hand vehicle at a reasonable price and excellent condition that will save us a lot of money.
• Another option is to benefit from renting a car for their tax advantages because the fees paid can be deducted and forget maintenance costs, insurance, reviews, ITV, or damage.

Comparison of insurance

Evaluate and study carefully the insurance companies and the proposals they make to us. Nowadays, there is a lot of competition, and in the case of being a woman, there are some advantages and benefits that are much more attractive.

Share the garage

For years it has been fashionable to be able to share a parking space for both the car and the motorbike. Many people want to have an extra income and offer to rent a garage space for certain hours that they do not usually use. This option is also presented as a good idea for the savings at the end of the month while it proposes a fixed parking spot every day, avoiding headaches in the daily search that involves more gasoline.

Discounts with a bank account or loyalty programs

Using different payment methods or bank cards offered by certain entities where a percentage is usually saved in each refueling is another possibility that is put at our fingertips. At the end of the year, it also means an overall saving. Some companies offer affiliate programs that carry associated discounts when hiring their 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-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure 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.