The supply chain is a parallel process of the flow of information and physical flows. The supply chain network is described below.
Marketing
Marketing is an essential part of every company. Showing customers the process of making and delivering the products is one way to market the product.
Operations
Operational objectives are the key to a company’s strategic policy. If these objectives are not completed on time, that the company cannot achieve its strategic goals. Operational objectives can be achieved easily by efficiently utilizing the supply chain network.
Manufacturing
Manufacturing depends upon the demand for their products in the market. Every year there is a specific time around the calendar when demand is higher than the rest of the year. Having a role in marketing, operations and manufacturing makes the supply chain an integral part of the success of every company.
Drivers for Supply Chain Strategy
Supply chain management has been focused on companies to increase their market share and growth. Progressive and automated organizations have developed their system to integrate the needs of their customers and their supply chain management. The basic source of information for a customer is the customer services department, and their expectations are linked with the company’s prestige. Like every company, the most important thing is the expectations of their customers. For a company whose operations are present in different countries, its resources must be aligned with international standards. That is why the management will make sure their strategies are aligned with their suppliers to maintain the development of new products. This alignment allows them to get benefits in different countries.
Supplier Relations
The exchange of information is important between the suppliers and the corporation. The firm will develop strategies to maintain the relations between them and their suppliers. They need to work closely with a long list of companies to enhance their relationships with their competitors. This shows that the firm works on a multi-sourcing policy to enhance its products. This strategy allows them to provide their customers with the best of the best experience.
Use of IT to Manage Suppliers
Regularly having a physical meeting with suppliers not only costs a lot, but they also waste a lot of time for every company. The firm should come up with a two-way suppliers’ concept. One of the companies gets components and commodities, while the other suppliers place the products in the market. To reduce costs, companies will use information technology. This means that their meeting can be virtual, which will reduce the cost of the meeting and save a lot of time.
Leading corporations should go for an e-collaboration with the suppliers by communicating through emails, Excel sheets, and other methods. By using this approach, the firm can have access to new systems such as:
Online analytical processing system- the Analytical system is designed in a way to gather new information and process it with the previous data to get an estimated prediction.
Forecasting system and inventory planning- forecasting and inventory planning systems are designed to predict the customers’ demands and then plan inventory accordingly.
Implementation of these technologies has made the business process of HP strong to manage the relationship of HP along with their suppliers.
Creating and maintaining long and stable relationships with suppliers is the key to success. Progressive firms work with suppliers who have a high market value and keep that relationship strong. A real-time information system is used to process the information and orders of their suppliers. This system updates the deadline for the supply and payment, which must be expedited. This process helps all three tiers by using this system. When do they have to deliver their supplies while the receiver knows? When will they receive their order, and when and how much do they have to pay? This scheduling of information helps the organization in scheduling their production on a real-time basis.
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 banks are your friends,” of course, note the sarcasm in the phrase; it is time to wake up. This is one of the biggest lies that you have been introducing since you started being a newbie in the world of finance. The reality is different, and although it sounds harsh, these banking institutions use many great tricks with only one purpose: to take away our money.
The big banking groups live on money, like blood-sucking vampires, but in an economical version. Is there a way to evade their tricks? Yes, you will have to pay attention here and apply each piece of advice. In this article, we are going to present to you the 5 most used lies by banks and how to avoid them.
You are obligated to pay commissions
The first lie on the list is one of the most common, and surely you have already encountered it. It is about the blessed commissions, which, to anyone, would give a good headache. These are applied for ” account maintenance” and a myriad of reasons that do not have much foundation.
This point is that the banks claim they cannot eliminate them from any account of a natural person or even small businesses. It is a fact, however, that these can magically be eliminated from large accounts. Is not it suspicious?
But for your information and your benefit, you can evade these commissions calmly, all in a legal way. For this, you only need negotiation skills and follow certain tricks. First, record this. The client is not obliged to pay commissions.
Surely, they will send you right to the office of some promoter, where they will entangle you with many words and credit promotions. Evade all this and state your situation. As a last option, if they refuse to help you with the negotiations, announce your definitive withdrawal from said bank. Believe it or not, this works since you will not want to lose a client.
To close your account, you must go to where you have opened it
Any bank wants to keep its clientele “dependent” on its financial management and the whole thing. The point is that when some of them finally want to close their account to stop dispensing with their services, they go to the second lie of this article: ” you must close your account at the branch where you have opened. “Total lie!
It should be noted that any bank has the power to close an account from any branch, whether the customer is physically present. You can use media such as telephone, written requests, either paper or digital (email).
As you probably have already noticed, losing a client to the bank is an intolerable fact. They will not let you go that easy. Insistence is the key to achieving your goal.
Advice on investments
The misnamed ” investment advisors “strategy is used to attract large and small victims to a trap that will end up just getting your money. These come to you seeking to make investments in products that they consider effective for capital gain, which is nothing more than a hoax.
In this situation, you should know that every action taken by the bank is linked to orders from government institutions, which have other purposes than helping you with your money.
For example, in Spain, there is the case of the Territorial Directorate, which is, in most cases, the one that dictates to the banks “what products they must sell to their customers.”
Once these meetings have been carried out, which are not so different in other countries (even in Latin America), the banking groups must sell a specific product right and left. This includes youth or elderly clients.
Remember, the bank is not your friend; much less can advise you on managing your finances. Such staff may not even have any training at the economics level, so you know how serious the issue is.
To avoid falling into this vile trap, he resorts to other media to obtain information regarding elements involved in the current market. This way, you will have a much more realistic idea of where you should invest your money.
Promote ” instant credits and low interest“
Put yourself in this situation: you are looking for a quick way to get money to invest in your new project or business. You go to the bank for a loan and perfect, they have approved you! Everything seems magically good, and they have mentioned an interest rate of 2% in a period of 2 or 3 years. What more could you ask for?
Be incredibly careful to fall into this specific lie since the repercussions that could have on your financial life could be quite damaging. Credits rarely remain with a fixed interest rate and less at such long terms.
Inflation is a factor that you should consider before going to any of those false-friendly loans proposed by the bank. In extreme cases, people have ended up paying more than twice what they originally purchased for simple increases of up to 15% interest abruptly.
Offer “free” products
In many cases, banks go to the lie to offer credit cards, specific products, or ” give away ” discounts. They boast of offering their customers all this for free, do not let them persuade! Without exaggerating, in at least 95% of cases, it is like signing a contract with very small letters hidden in between.
The bank will never tell you about the hidden costs that are included in the gifts it offers. Among them are tax costs, annual maintenance, or transportation, if it should be sent to your home.
These costs are sometimes really exaggerated, reaching, for example, three times the cost of a shipment of any of these gifts to your home than what you would pay for high-quality entrustment services. How about?
But more than that, the products that the banks offer for free will force you to stay in the bank. You may be accepted to keep your card, account, and other tools linked or affiliated to a specific bank without the right to cancel any. Be careful with this!
Finally, the best you can do is limit the use of the bank to save your money without many commitments, or if you prefer, go to other institutions such as Credit Unions or cooperatives, which do not go (not as often) to such lies.
It should be noted that not all banks fall within the same lot described here. However, since paper money stopped having the backing in gold that it previously had (more than 100 years ago), we are before an economic society that cannibalizes itself. It is better to keep at bay the operations you do with these institutions since no other.
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.
Master Investing: The Best Ways to Grow Your Money
How to start investing begins with setting clear financial goals, building an emergency fund, and choosing low-cost, diversified options like index funds or ETFs through a brokerage account—you can often begin with as little as $1. The path from financial uncertainty to investment success starts with these simple, actionable steps that anyone can take today, regardless of income level or experience.
As the founder of Complete Controller, I’ve spent over two decades helping thousands of small businesses and individuals transform their financial futures through smart bookkeeping and investment strategies. One client stands out—a single parent who started investing just $200 monthly at age 32, ultimately building over $500,000 by retirement through disciplined index fund investing. This article will equip you with the exact framework to build wealth through proven investment strategies, understand tax-advantaged accounts that multiply your returns, and avoid costly mistakes that derail 90% of new investors.
How to start investing: The best ways to grow your money?
How to start investing involves assessing goals, risk tolerance, and opening a brokerage or retirement account with minimal funds, then automating contributions to diversified funds
Focus on low-cost index funds or ETFs tracking the S&P 500 for broad market exposure and compounding growth over time
Match investments to timelines: aggressive growth strategies for retirement (30+ years), conservative approaches for short-term goals like a house down payment (3-5 years)
Prioritize tax-advantaged accounts like 401(k)s, IRAs, or Roth IRAs to maximize returns without tax drag
Automate investments to dollar-cost average, reducing timing risk and building habits for long-term wealth
Step-by-Step Guide: How to Start Investing as a Beginner
Starting your investment journey requires a systematic approach that builds confidence while minimizing risk. The following proven steps have helped countless Complete Controller clients transform from hesitant savers to confident investors.
Set your investment goals and risk tolerance
Defining specific financial objectives creates the foundation for every investment decision you’ll make. Short-term goals like building an emergency fund require different strategies than long-term retirement planning. Understanding your risk tolerance—how much portfolio fluctuation you can handle emotionally and financially—prevents panic-selling during market downturns that destroy wealth.
Build an emergency fund first
Saving three to six months of living expenses in a high-yield savings account creates financial stability before investing in volatile markets. According to the Federal Reserve’s 2024 report, 55% of American adults have achieved this crucial milestone, protecting their investments from premature liquidation during unexpected expenses.
Choose your investment account
Opening the right account type accelerates wealth building through tax advantages and employer matching. Brokerage accounts offer flexibility with no contribution limits, while retirement accounts like 401(k)s and IRAs provide tax deductions and deferred growth. Many platforms now offer fractional shares and zero minimum deposits, making investing accessible to everyone.
Top Beginner Investments: From ETFs to Index Funds
Smart investing starts with understanding which investment vehicles match your goals, risk tolerance, and timeline. The most successful beginners focus on diversified, low-cost options that require minimal maintenance while delivering consistent long-term growth.
Best ETFs and index funds for how to start investing
Exchange-traded funds (ETFs) and index funds represent the gold standard for beginner investors, offering instant diversification across hundreds or thousands of stocks. S&P 500 index funds have delivered positive returns in 26 out of 33 years between 1993 and 2025, averaging 9.3% to 10.3% annual growth. These funds charge expense ratios as low as 0.03% annually, maximizing your returns through minimal fees.
SPDR S&P 500 ETF Trust (SPY) – the world’s largest ETF by assets
Vanguard Total Stock Market ETF (VTI) – exposure to entire U.S. stock market
iShares Core MSCI Total International Stock ETF (IXUS) – global diversification
Mutual funds vs. individual stocks
Mutual funds pool investor money for professional management and built-in diversification, making them ideal for hands-off investors. Individual stocks require extensive research and carry concentration risk—one company’s failure can devastate your portfolio. New investors should allocate 80-90% to diversified funds, adding individual stocks only after developing analytical skills and maintaining five-year minimum holding periods.
High-yield savings and CDs for conservative starts
Risk-averse investors or those saving for near-term goals benefit from high-yield savings accounts and certificates of deposit (CDs) offering 4-5% annual returns with FDIC insurance protection. While these won’t beat inflation long-term, they provide stable growth for emergency funds or money needed within three years.
Common Mistakes Beginners Make When Learning How to Start Investing
Understanding common pitfalls saves new investors thousands of dollars and years of setbacks. The Investment Company Institute reports that behavioral mistakes cost the average investor 1.38% annually from 2020-2024, nearly double the pre-pandemic gap of 0.62%.
Overcoming emotional investing and FOMO
Market volatility triggers fear and greed cycles that destroy returns through poorly-timed trades. Dollar-cost averaging—investing fixed amounts at regular intervals—removes emotion from the equation. During the 2022 market correction, clients who maintained automated investments recovered fully within months, while panic sellers locked in 20-30% losses.
Key strategies for emotional discipline:
Set up automatic monthly transfers from checking to investment accounts
Delete trading apps from your phone to reduce impulsive decisions
Review portfolios quarterly, not daily
Focus on decades-long goals rather than weekly fluctuations
The hidden cost of high fees
Investment fees compound negatively over time, dramatically reducing final wealth. A seemingly small 1% annual fee versus 0.2% creates a $28,574 difference on a $150,000 investment earning 6% over 15 years. Index fund expense ratios have dropped 62% since 1996, now averaging just 0.14% for ETFs compared to 0.40% for actively managed funds.
Real-World Case Study: A Beginner’s Path to $1 Million
The power of starting young: Rishi Vamdatt’s story
At age seven, Rishi Vamdatt chose stock market investments over birthday parties, launching a financial journey that would inspire millions. By age 12, his “Easy Peasy Finance” YouTube channel had reached over one million viewers with a simple message: $100 invested monthly from age 20 to 60 grows to approximately $700,000, while waiting until 40 yields just $70,000—a $630,000 difference from starting early.
At Complete Controller, we’ve witnessed similar transformations. A 28-year-old entrepreneur client automated $300 monthly ETF contributions after streamlining bookkeeping systems, accumulating $250,000 within 10 years despite 2020’s volatility. The key? Consistency trumps timing every time.
Investment Management Strategies: DIY, Robo-Advisor, or Advisor?
Choosing the right investment management approach depends on your available time, financial complexity, and comfort with technology. Each option offers distinct advantages for different investor profiles.
Robo-advisors for hands-off how to start investing
Automated investment platforms like Betterment and Wealthfront build diversified portfolios using algorithms, charging just 0.25% annually while handling rebalancing and tax-loss harvesting. These services excel for investors with $100 to $500,000 who want professional management without high fees or account minimums.
When to hire a financial advisor
Business owners, high earners, and those with complex tax situations benefit from human advisors who integrate investment strategies with comprehensive financial planning. Quality advisors coordinate with your bookkeeping team—like Complete Controller—to optimize cash flow, minimize taxes, and accelerate wealth building through personalized strategies.
Tax-Smart Strategies to Maximize Returns When You Start Investing
Strategic tax planning can increase after-tax returns by 15-30% over time, yet most beginners overlook these powerful wealth-building tools. Understanding account types and timing strategies keeps more money growing in your portfolio.
Retirement accounts: 401(k)s, IRAs, and HSAs
Tax-advantaged accounts offer immediate deductions or tax-free growth, multiplying long-term wealth. Contributing to a traditional 401(k) reduces current taxable income dollar-for-dollar, while Roth IRAs provide tax-free withdrawals in retirement. Health Savings Accounts (HSAs) offer triple tax benefits: deductible contributions, tax-free growth, and tax-free medical withdrawals.
Maximum 2024 contribution limits:
401(k): $23,000 (plus $7,500 catch-up if 50+)
IRA/Roth IRA: $7,000 (plus $1,000 catch-up)
HSA: $4,150 individual/$8,300 family
Harvesting losses and capital gains timing
Tax-loss harvesting involves selling underperforming investments to offset taxable gains, reducing your annual tax bill while maintaining portfolio allocation through similar replacements. Strategic timing of capital gains—holding investments over one year for favorable long-term rates—can save 10-20% in taxes compared to short-term trading.
Conclusion
Mastering how to start investing transforms financial anxiety into systematic wealth building through clear goals, diversified index funds, automated contributions, and tax-efficient strategies. Charles Schwab’s 2024 survey reveals that 58% of Americans now invest actively, with younger generations starting at age 19 versus 32 for older cohorts—proving that early action creates exponential advantages.
Success requires just three commitments: open an account today, automate monthly contributions regardless of amount, and maintain discipline through market cycles. As I’ve guided thousands of entrepreneurs at Complete Controller, those who start imperfectly but immediately always outperform those waiting for the “perfect” moment. Take control of your financial future now—visit Complete Controller to discover how our expert bookkeeping services free up more capital for investing while ensuring every dollar works efficiently toward your wealth-building goals.
Frequently Asked Questions About How to Start Investing
How much money do I need to start investing?
You can begin investing with as little as $1 through fractional share platforms or no-minimum brokerages. Focus on building consistent contribution habits rather than waiting for large lump sums—many successful investors started with $25-50 monthly automated transfers.
What’s the difference between ETFs and mutual funds?
ETFs trade throughout the day like individual stocks with real-time pricing and often lower investment minimums, while mutual funds price once daily after market close and may require $1,000+ initial investments. Both offer professional diversification, but ETFs typically charge lower fees.
Are index funds good for beginners?
Index funds represent the ideal starting point for beginners, offering automatic diversification across hundreds of companies while historically delivering 7-10% annual returns with minimal fees. Their passive management style removes the need for stock picking expertise.
Should I invest in individual stocks when starting out?
Individual stocks carry concentration risk and require extensive research, making them unsuitable for beginners. Build a foundation with diversified index funds first, then consider adding individual stocks for no more than 10% of your portfolio after gaining experience.
How long should I invest for retirement?
Retirement investing typically spans 30-40 years, allowing maximum compounding benefits. Start with aggressive growth allocations in your 20s-30s, gradually shifting to conservative bonds and stable investments as you approach retirement age.
Sources
Bankrate. (2023). “6 Best Investments For Beginners: A Complete Guide.” bankrate.com.
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.
Jennifer BrazerFounder/CEO
Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.
Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.
Innovation is an idea or invention translated into a product or service that creates value for customers and can be replicated at an economical cost. Moreover, the idea should be novel, so the innovator can charge a premium for a specific period until, or unless, the innovation is copied by others. Below are several innovation theories:
Linear Model of Innovation
Innovation follows a linear model that is based on three different stages: invention, innovation, and diffusion. The model suggests that it follows three different steps whenever an innovation occurs, either in business or science. Firstly, the innovator invents something. Next, those things transform into innovation where the inventor can take full advantage of the product and develop it for the final step. Lastly, during diffusion, the innovation starts to be copied by others. Once it reaches the diffusion stage, the innovation cannot provide a long-term advantage to the innovator. This creates a linear model with a definitive beginning and end.
Process of Innovation
The theory, known as innovation, highlights how a company can innovate its offerings and services to grow its business and compete in the market. The process of innovation is related to business strategies that make a company competitive. However, to fully understand and implement business strategies, it is crucial to understand the process of innovation.
The innovation process consists of six different stages, including see, understand, differentiate, lead, model, and grow.
See
In the first stage, it is the responsibility of the innovator to understand business needs and innovate its products and services accordingly. In addition, it should be clear to the company which areas are the most crucial and need innovation and change. When areas needing innovation are not obvious or not provided, innovation cannot develop, and the company might be lead in the wrong direction by misdirecting resources.
Understand
It is the most crucial stage of the innovation process because, under this stage, the company determines the customers’ needs and then compares them with the existing products and services. If the company is successful in this stage, it can easily provide better solutions to its customers, increasing customer confidence and hopefully generating revenue.
Differentiate
After understanding customers’ needs, differentiating them is the second most difficult stage because a company needs to provide customers the best solution after differentiating itself from rivals. This is not easy because there is a high risk of customer rejection, and the company must innovate according to customer requirements.
Lead
In this stage, the company must innovate things in its internal systems. Internal innovation is necessary for the company because internal process innovations mean offerings and services become easier and vice versa. Internal systems must grow with the company.
Model
The business model is crucial for every company because if it is not aligned with its business strategy, the company cannot compete successfully. Business model innovation is important because products and services cannot be successfully innovated if the business model and strategy are not innovated.
Grow
It is the last stage of the innovation process because, in this stage, the company can analyze whether a specific innovation provided any advantage to the company or helped the business to grow. Furthermore, if the innovation process works effectively and efficiently, it will add value to the business. Similarly, in this last stage of the innovation process, the company can see whether the business is growing or not.
Understanding and implementing innovation is vital for business growth and development. It works in conjunction with business strategies to ensure a business meets customer needs, remains competitive, and grows in a direction that makes the company profitable and sustainable.
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.
Some money-saving tips are obvious: not flying first class, eating out at restaurants less, or giving up bad habits like smoking. Similarly, there are opportunities to save that are sporadic and do not offer consistent savings month after month. These can include choosing a less expensive hotel for vacation or purchasing a used car instead of a new one. While these are great tips, they will not help lower your monthly expenses.
Below is a list of 10 saving opportunities in everyday activities that often go unnoticed:
Do not buy branded products
Buying generic brands whenever is an option that can save money without significantly sacrificing product quality. In most cases, a quick comparison of ingredient labels between two products shows they are identical but have significantly different prices. For example, it is common to find generic medicines because patents have expired on the branded medicine. They have the same components, but they are sold at a lower price.
Courier services
Anticipate the need to send and receive letters or packages by courier so you avoid paying express delivery fees. Overnight or expedited delivery can cost up to 10 times more than the typical rate.
Paying a mechanic
Basic car maintenance skills are no longer a priority to learn or teach. It is now the preference to pay someone else to complete maintenance for us. Unfortunately, this means money is spent each time you take your car to a shop for every small complication.
Several car problems are simple and do not require a professional mechanic to solve them. Online research can be done to assist in routine maintenance tasks that can be performed at home.
Buying food when you are hungry
If you shop at the supermarket every time you are hungry, you are susceptible to buying extra food you do not need or not eating. This also happens when you go shopping with too much free time and without a predefined shopping list. If you visit the supermarket with a defined list of products and have other tasks to do, you are less likely to spend time exploring the aisles and purchasing more food than you need.
The purchase of a snack
All those bottles of soda and bags of chips that you consume when you refill your gas tank or stop at a convenience store make a difference in your budget and your diet. If you assign a small defined budget to moderate the consumption of snacks, you will see that you can save a significant amount per month. It can also be economical to buy snacks in bulk at supermarkets at a lower cost. With $20 in snacks purchased in bulk, you will save about $30 to $180 in snack purchases at a corner store or a service station.
Your bank
If you are careless, banks and related financial institutions can be money vacuums. For example, whenever possible, try to use the ATMs of your own bank to avoid paying cash withdrawal fees.
Look at your accounts and review the annuities, interest rates, and additional benefits of the credit cards you have, and see if there is a better option on the market that meets your payment habits.
You do not keep your car tires properly inflated
When your tires do not have the ideal amount of air, they can increase your car’s gas mileage and energy consumption. Keep your tires inflated properly, and you will save money on gas that you did not even know you were losing. Set an alert on your mobile phone to schedule a periodic review.
Saving money can often seem like a daunting task but observing your spending habits and making these small adjustments can help you save more money each month.
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.
Often the government will reject a claim for social security benefits. However, this does not necessarily mean that the applicant is not entitled to benefits. Unfortunately, many applicants abandon their claims instead of proceeding with an appeal. The appeal process can be intimidating, but below are factors to consider that can help you get the benefits you are owed.
What is the problem?
Why is the process of obtaining social security benefits sometimes so complicated? The main obstacle in claiming social security benefits in the United States stems from frequent fraud regarding simulated disabilities and invented stories or illnesses to collect Social Security for Disability. As a result, when people suffer true disabilities, everything becomes more difficult.
As is logical when faced with lies and inventions, the authorities of the Social Security Administration, who oversee granting Social Security for Disability, have reinforced its controls and filters. This means that when a person has a real disability, they must go through a longer and more complex process. It becomes necessary to have an experienced lawyer who can demonstrate his case in this situation.
Legal requirements
To qualify for Social Security disability benefits, you must have held jobs that paid Social Security or Social Security taxes. This means you have been working legally and been paying taxes. It is also a requirement to have a Social Security Number, be authorized to work in the United States or have a B-1, D-1, or D-2 Visa, and be able to verify that the person is in the country legally.
About the medical condition
In addition, the person must have a medical condition that meets the definition of “disability” of Social Security. Normally, the United States government grants monthly benefits in cash to those people who cannot work for more than a year because of a disability. This benefit does not apply to cases in which, for example, the person has had an accident at work and cannot work for two, three months, or eleven months. In such a case, this worker is likely to apply for Workers ‘ Compensation or Workers ‘Comp, not Social Security Disability.
The definition
Social Security only pays for a total disability. No benefits are granted for a partial disability or a short-term disability. The term “disability,” according to Social Security, is based on the inability to work. A person is considered disabled under the rules of Social Security if:
He cannot perform the work he did previously.
It is decided that he cannot adapt to another job due to his medical conditions.
The disability has lasted or is expected to last at least one year or result in his death.
Old people
It is important for seniors who receive this benefit to know that their disability benefits will automatically be converted to retirement benefits when they reach full retirement age. The amount will remain the same.
Am I entitled to social security benefits?
The social security department has five steps to determine if an application for social security benefits must be approved.
Is the solicitor working? An application will not be considered for disability benefits if you earn more than a specific amount each month. If you earn less than this amount, the social security department will continue your investigation.
Is the solicitor’s medical condition serious? For the social security department to determine the applicant as “incapacitated,” the medical condition must impede the applicant’s basic work functions.
Is the applicant’s medical condition on the department’s list of “disabling conditions”? If the condition is not in the list of conditions automatically approved as an inability, the department will check if the condition is as serious as those in the list.
Can the applicant work as before? If your injury prevents you from working, the department will consider your application.
Are you able to do another type of work? The social security department will analyze the applicant’s age, health status, education, professional experience, and skills to determine if they can perform work in another capacity.
If the applicant is not physically able to do other work, the social security department will declare him “incapacitated.”
In addition, the applicant must have worked recently and for a specific period to comply with the requirements of the social security department.
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.
Master Your Bakery Setup: Create a Captivating Customer Experience
A bakery setup guide provides the essential framework for establishing a successful bakery business, covering equipment selection, layout design, regulatory compliance, and customer experience optimization to maximize profitability and sustainability. This comprehensive approach addresses critical decisions from initial planning through daily operations, helping entrepreneurs avoid the common pitfalls that cause 60% of bakeries to fail within their first three years.
I’ve spent over 20 years helping small businesses navigate their financial journey as CEO of Complete Controller, and I’ve watched countless food service entrepreneurs transform their passion into profitable enterprises. The bakery industry offers tremendous opportunities with the globalmarket valued at $480.23 billion and projected to reach $731.69 billion by 2032. But success requires more than great recipes—it demands strategic planning that integrates operational efficiency with unforgettable customer experiences. This guide will equip you with the practical knowledge and insider strategies that separate thriving bakeries from those that struggle to survive.
What does it take to master your bakery setup and create a captivating customer experience?
Strategic bakery setup integrates equipment selection, layout design, regulatory compliance, customer flow optimization, and financial planning for maximum profitability
Essential equipment includes commercial ovens, mixers, refrigeration units, work surfaces, and display cases matched to production volume
Layout design must balance production efficiency with customer experience while meeting health department requirements
Financial planning requires $50,000-$200,000 initial investment with realistic revenue projections based on capacity
Regulatory compliance encompasses health permits, business licenses, food safety protocols, and local zoning requirements
Essential Bakery Equipment and Infrastructure Planning
Your bakery’s foundation starts with selecting commercial equipment that matches your production goals and budget constraints. Commercial ovens form the heart of any bakery operation, with convection models providing consistent heat distribution essential for professional results. The equipment investment typically represents your largest startup expense, but quality selections pay dividends through reliability and efficiency.
Smart equipment planning follows the natural production flow from ingredient storage through final product display. Commercial mixers must handle your projected daily volume without strain, while refrigeration systems need capacity for both raw ingredients and finished products. Stainless steel work tables provide durable, sanitary surfaces that meet health department standards while supporting efficient workflow.
Commercial-grade equipment selection strategy
Professional bakery equipment differs fundamentally from home-kitchen alternatives in durability, capacity, and precision. Commercial mixers withstand continuous operation while maintaining consistent results across multiple batches. Your refrigeration strategy should include:
Baking sheets, pans, and cooling racks require commercial-grade construction to resist warping under daily use and high-temperature dishwashing cycles. Advanced equipment like Rapidojet baking technology can generate annual savings between $62,807 to $1,100,656 through reduced ingredient usage, energy efficiency, and labor optimization.
Best bakery software integration
Modern bakery operations benefit from integrated technology solutions that manage inventory, production scheduling, and customer relationships. Point-of-sale systems designed for bakeries handle custom orders while tracking ingredient usage for cost control. Production planning software coordinates baking schedules with demand patterns, reducing waste from 12-15% to industry-leading 3% levels.
Cloud-based systems provide real-time data access for multi-location operations or remote management needs. Integration with accounting software streamlines financial reporting and tax preparation, critical for maintaining the 14.6% average operating profit margin that successful bakeries achieve.
Strategic Bakery Design Ideas and Layout Optimization
Effective bakery layouts balance production efficiency with customer engagement opportunities. Your floor plan should support logical workflow from receiving through production to customer service while maintaining clear separation between prep and public areas. The most successful designs allow customers to observe the baking process, building trust and entertainment value that drives repeat visits.
Production zones require careful planning to minimize movement and prevent cross-contamination risks. Position heavy-use areas like mixing stations near ingredient storage to reduce carrying distances. Baking areas need proper ventilation and heat management while connecting smoothly to cooling and finishing zones.
Production area workflow design
Efficient production layouts follow ingredients from delivery through transformation into finished products. Key considerations include:
Receiving areas with easy truck access
Dry storage positioned near mixing stations
Refrigerated storage accessible from multiple work areas
Prep zones with adequate counter space and equipment access
Baking areas with proper ventilation and safety clearances
Cooling and packaging areas require sufficient space for peak production periods. Linear workflow patterns reduce unnecessary movement while supporting food safety protocols through clear separation of raw and finished products.
Customer experience zone planning
Customer-facing areas create lasting impressions that influence purchasing decisions and social media sharing. Display cases should showcase products at optimal angles while maintaining required temperatures. Natural lighting near display areas creates ideal conditions for customer photography, supporting organic social media marketing.
Seating areas, when included, must balance comfort with operational efficiency. Consider traffic patterns from entry through selection, payment, and exit to minimize congestion during peak periods. Interactive elements like decorating stations or seasonal displays encourage engagement and create memorable experiences worth sharing.
Bakery Business Plan Integration and Financial Planning
Financial success requires understanding how setup decisions impact long-term profitability. Equipment costs ranging from $50,000 to $200,000 represent just one component of total startup investment. Operational expenses, including labor, ingredients, utilities, and maintenance, must align with revenue projections based on realistic capacity assessments.
Bakeries averaging $944,084 in annual revenue demonstrate the potential for well-planned operations. However, achieving sustainable profitability requires careful attention to cost control and efficiency optimization from day one.
Small bakery financing options analysis
Multiple financing options exist for bakery startups, each with distinct advantages:
Equipment financing offers favorable terms for commercial ovens and mixers
SBA loans provide comprehensive funding, including construction and working capital
Equipment leasing preserves cash flow during critical startup phases
Alternative lenders may offer faster approval for qualified borrowers
Present lenders with detailed cost breakdowns and conservative revenue projections based on actual capacity rather than optimistic scenarios. Include contingency funds for unexpected expenses and slower-than-projected initial sales.
Startup cost planning and ROI projections
Comprehensive startup budgets extend beyond equipment to include:
Construction or renovation costs
Permit and licensing fees
Initial inventory and supplies
Marketing launch expenses
Six months of operating capital reserve
Break-even analysis determines the minimum daily sales needed to cover fixed and variable costs. With proper planning and execution, bakeries can achieve positive cash flow within 12-18 months while building toward industry-standard profit margins.
Starting a Bakery Business: Regulatory Compliance
Commercial bakery operations must satisfy multiple regulatory requirements affecting every aspect of setup and operation. Health department codes dictate equipment specifications, layout requirements, and operational procedures. Building permits, business licenses, and food handler certifications add layers of compliance obligations.
Planning for regulatory requirements during initial setup prevents costly modifications and operational delays. Understanding local regulations before finalizing equipment purchases or signing leases saves time and money.
Health department compliance strategy
Health departments enforce strict standards affecting:
Equipment, materials, and installation
Floor and wall surface requirements
Ventilation and lighting specifications
Hand-washing station placement
Temperature monitoring systems
Pest control measures
Non-slip flooring reduces accident risks while meeting safety requirements. Equipment guards on mixers and slicers satisfy OSHA standards while protecting staff. Adequate preparation for initial inspections establishes positive regulatory relationships supporting long-term success.
Bakery Marketing Strategies and Customer Attraction
Physical setup directly supports marketing efforts through visual appeal and customer experience design. Instagram-worthy displays and behind-the-scenes visibility create organic social media content. Strategic design elements transform routine purchases into shareable experiences.
Hearth & Crust Bakery increased revenue 42% within three months using a subscription model integrated with their physical operations. Their “Bread Box” subscription leveraged existing production capacity while building predictable revenue streams and reducing waste from 15% to 6%.
Local community integration strategies
Successful bakeries become community gathering places through intentional design and programming. Setup considerations supporting community engagement include:
Flexible seating arrangements for events
Display space for local artwork
Kitchen visibility for cooking classes
Adequate parking and accessibility features
Community connections built through your physical space create customer loyalty beyond product quality alone. Planning for these opportunities during setup maximizes their long-term value.
Final Thoughts
Creating a successful bakery requires coordinating multiple complex elements, from equipment selection to community engagement strategies. Your physical setup influences every aspect of operations, from production efficiency to customer satisfaction. Proper planning, addressing both immediate needs and growth potential, positions your bakery for sustainable success in a competitive market.
My experience guiding food service businesses through startup challenges consistently shows that thorough preparation separates thriving operations from those struggling with preventable problems. When approached strategically, your bakery represents both a significant investment and a tremendous opportunity. Contact the experts at Complete Controller to discover how professional financial planning and ongoing bookkeeping support can strengthen your bakery’s foundation for long-term growth.
Frequently Asked Questions About Bakery Setup Guide
What permits and licenses do I need to open a commercial bakery?
Required permits typically include business licenses, food service permits, health department approvals, building permits for renovations, and fire department clearances. Specific requirements vary by location, so contact local authorities early in your planning process.
How much space do I need for a small bakery operation?
Small bakeries typically require 1,000-2,500 square feet, including production, storage, and customer areas. Production-only operations can function in 500-800 square feet, while full-service bakeries with seating may need 3,000+ square feet.
Should I buy new or used bakery equipment when starting out?
Quality used commercial equipment from reputable dealers can reduce startup costs 30-50% while providing reliable performance. Prioritize new equipment for critical items like ovens and refrigeration where warranties and energy efficiency matter most.
What’s the typical timeline from planning to opening a bakery?
Most bakeries require 6-12 months from initial planning to opening day. This includes 2-3 months for planning and permits, 2-4 months for construction or renovation, 1-2 months for equipment installation and testing, plus final inspections and staff training.
How do I determine the right product mix for my bakery?
Start with 15-20 core items you can produce consistently and profitably. Analyze local competition, test recipes with potential customers, and consider your equipment capabilities. Expand offerings gradually based on customer feedback and sales data.
Sources
Craftybase. “Essential Bakery Equipment List: 20 Items Needed to Start a Bakery.” March 26, 2023. https://craftybase.com/blog/bakery-equipment-list
7shifts. “How to Create a Bakery Floor Plan That Actually Works.” May 19, 2025. https://www.7shifts.com/blog/bakery-floor-plan/
Number Analytics. “The Art of Bakery Customer Experience.” July 5, 2025. https://www.numberanalytics.com/blog/art-of-bakery-customer-experience
Pastry Class. “Essential Bakery Equipment: Your Complete Startup Guide.” May 10, 2024. https://www.pastryclass.com/articles/essential-tools-for-starting-a-bakery
Topos Mondial. “5 Helpful Tips for Improving Bakery Flow Layout.” May 30, 2025. https://www.toposmondial.com/5-helpful-tips-for-improving-bakery-flow-layout/
Number Analytics. “Rise to the Occasion: Optimizing Bakery Customer Experience.” August 11, 2025. https://www.numberanalytics.com/blog/optimizing-bakery-customer-experience
RestroWorks. “How to Start a Bakery: Your Guide to Opening a Growing Business.” November 29, 2024. https://www.restroworks.com/blog/how-to-start-a-bakery/
Food Safe Drains. “Designing A Bakery: Everything You Need To Know.” https://blog.foodsafedrains.com/designing-a-bakery-everything-you-need-to-know
Limepack. “Charming Interior Design Ideas for Small Bakeries.” June 13, 2024. https://www.limepack.eu/blog/bakery/charming-interior-design-ideas-for-small-bakeries
Red Fork Marketing. “10 Proven Bakery Branding Tips For Your Business.” November 8, 2023. https://www.redforkmarketing.com/learn-article/bakery-branding-tips
Successful Bakery. “Why 60% of Bakeries Fail in a $35 Billion Industry.” 2025. https://successfulbakery.com/blogs/article/why-bakeries-fail-in-a-35-billion-industry
Sharp Sheets. “How Profitable is a Bakery? Data From 12900+ US Bakeries.” 2025. https://sharpsheets.io/blog/how-profitable-is-a-bakery/
Bakery Concepts. “How about some ROI numbers?” 2018. https://www.bakeryconcepts.net/how-about-some-roi-numbers/
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.
Jennifer BrazerFounder/CEO
Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.
Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.
Ongoing monetary, social and political change has brought about more noteworthy vulnerability in the lodging alternatives of youngsters in the US. The downturn has featured difficulties, for example, high youth joblessness and an absence of accessible credit.
Accessing a home is a task, each time, more complicated. Since the recovery began after the economic crisis and the bursting of the real estate bubble in 2008, the prices of houses for sale and rent have only increased.
All this puts in a bind the buyers who have to, first, calculate their mortgage; then, request it and, at the same time, have the necessary savings to meet the initial payment of the property that the bank does not lend them. On the other hand, the tenants suffer from assuming the rent as they consume more than half of their monthly income.
In this scenario, the most disadvantaged are young people who are the ones who, in general, have lower salaries and fewer savings due to their young age. The Ministry of Development, with the collaboration of the autonomous communities, has developed the State Housing Plan 2018-2021. They intend to help children under 35 with financial difficulties access a home more easily. We collect what the keys to request these grants are.
What is the State Housing Plan?
The new State Housing Plan 2018-2021 aims to facilitate decent and adequate housing in a rental and property regime for young people with limited economic means. For this purpose, direct aids will be granted to the tenants, and subsidies will be granted to purchase the dwelling.
Who can apply for this aid?
Rent and purchase aids may be beneficiaries of the rental subsidies all natural persons of legal age who meet the following requirements:
Be the owner or be in a position to sign a tenancy contract as a tenant.
Be less than 35 years old at the time of requesting assistance.
That the rented property constitutes the habitual and permanent residence of the tenant.
Have an income equal to or less than three times the Public Indicator of Multiple Effects Income (IPREM). This requirement includes all persons who have their habitual and permanent address in the rented dwelling regardless of whether they are the rental agreement owner.
The monthly rental price must be equal to or less than $600. However, the autonomous communities may increase up to $900 the maximum monthly rent in certain municipalities when they justify it.
For the case of the acquisition of the house, the conditions are similar although with slight variations:
Be able to sign a public or private contract for the purchase of a property.
Be less than 35 years old at the time of requesting assistance.
The property to be acquired will constitute the habitual and permanent residence of the buyer for a minimum period of five years from the date of occupation.
The housing is in municipalities of less than 5,000 inhabitants and has an acquisition price of fewer than $100,000.
Exclusions
These aids will not be granted as long as the applicant or any of those who have their habitual and permanent residence in the dwelling object of the lease or purchase contract is in one of these situations:
Owning a home in the UK, except those who hold property to prove the unavailability of the property due to separation or divorce or cannot live there for any other cause beyond their control.
Have kinship or affinity with the landlord of the property.
Be a partner or participant of the person who intends to rent the property.
In addition, in the case of rental subsidies, these will be incompatible with the perception of any other Emancipation Basic Income program or plan that may be granted by the autonomous communities, local corporations, or other public administrations or entities.
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 era we live in is the digital era that has been powered by technology. Technological advancements have improved the living conditions of the people and introduced better solutions for every problem. Ease, convenience, and satisfaction are the three factors technology bring to people. And a result of this is the facility of online shopping.
E-commerce or online shopping has revolutionized the shopping experience for people today. It is one of the greatest outcomes of technology and is on its way to replacing brick-and-mortar stores completely!
Who would want to get out of their homes, waste their fuel and time to go out and stroll through the malls when they can go through the shops using their smartphones? Shopping has never been this comfortable as it is now with e-stores!
People who have their brick-and-mortar stores and have observed a drop in their customers need to revisit their strategy. With everything going digital, why are they not working for a digital shift-over?
Here is a comprehensive guide to starting an e-store for retailers who wish to launch their online stores. Also, the people who want to try their luck with e-stores can follow this guide to establish for themselves a digital presence.
Step 1: Defining the product and the business plan
Planning is the first and the foremost step in building an e-store, and it begins with defining the niche.
(i) Identifying the niche:
Before one starts an e-store, it is best to identify a niche. What products will the store offer its customers? What will be the category of its products? These are the most critical questions that need to be answered before proceeding with an e-store.
(ii) Try selling on a small scale:
After the category has been decided and the products are listed, it is a smart approach to selling it on a small scale. It can either be done by selling it among friends or from one’s social media profile. Selling the products on a small scale helps analyze whether the products will attract the customers’? Will they spend their money on purchasing the products? It lays down the foundation for the decision of whether to start an e-store or not.
(iii) Planning:
Once the analysis has been done, it is time to draw up a detailed plan. A business plan needs to include the name of the e-store, list of products, whether one is creating the product or getting it supplied from the manufacturer. Also, it must consist of all the costs involved in the whole setup, whether the customer will have to pay through online payment methods or cash on delivery. Even the most minor aspects must be taken into consideration while coming up with a plan.
(iv) Registration of the business:
After the plan has been drawn up, the next step is to make it official. The first step of execution includes the registration of the business with the state. The business will have to be registered with its name, and all the necessary paperwork will have to be filled out.
Step 2: Building the store
Completion of the paperwork leads to the next step, which is to set up the e-store. This phase includes the following steps.
(i) Domain name:
The first step in the execution phase is to register a domain name. The domain name must be catchy, unique, and short. There are some cases where the name is already taken. The registration service does provide alternatives. If one does not like the other options, one can be creative with the name.
(ii) Web hosting service:
The website must be fast, efficient, and user-friendly, else it does not generate traffic. Therefore, choosing the right hosting service is essential. There are free services available, but it is best to pay and get the best one possible. The ideal hosting service is the one that has an option of customization.
(iii) Design of website:
The design of a website must not be too vibrant. It must be relevant to the products being sold. It must have an easy call-to-action interface with an easily navigable structure. Choose the themes and the colors that reflect the products. It should be designed in a way that a customer gets to the required page within two clicks. There must also be a way through which email addresses can be collected to send promotional emails.
(iv) E-commerce software:
The e-commerce software is a significant step while setting up an online store. It is what provides security when a customer makes a purchase. It also contributes to the overall customer experience; therefore, it is advised to choose the software wisely.
(v) Merchant account:
To add the feature of online payments, one must set up an account in a bank. With this feature, the customers can pay through their credit cards. For small e-stores, it is not very practical to use a bank, as it will be costly. Many e-stores use online payment apps such as PayPal, as it is cheaper than a bank.
Step 3: Marketing
The next phase after an e-commerce website has been created is to start with the marketing work. The marketing strategy must be strong. Marketing helps in not only attracting customers, but it is what helps in retaining customers.
(i) Digital marketing strategies:
There are two ways to carry out the marketing of a store; traditional and digital. As we live in a digitalized world, going digital is the right way to proceed. Many digital marketing strategies can be used. The most important is Search Engine Optimization or SEO. It helps in raising the ranking of an e-store, thus, being visible to a broader audience. PPC, Social Media Marketing, Influencer marketing are the top ways to get further with the store.
(ii) Blog:
A smart way to generate traffic is by adding a blog to an e-store. There is not much content on an online store. This means that the power of keywords cannot be effectively used. A blog section can be added to include the keywords, which will, in the result, contribute to a raised search engine ranking.
Starting an e-store is not particularly challenging. By following this comprehensive guide, one can set up an e-store. The real game is the marketing and the way one spreads the word about their e-store. The first phase, an e-store setup, is complete with these simple steps, and one may proceed to the next step!
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 term downsizing means cutting back the cost of the company by laying off the employees. A few consider downsizing a temporary measure in which workers may be rehired, while others see it as a more permanent downscaling. Downsizing can happen for some conceivable reasons. Mostly, corporate downsizing is due to the poor monetary situation. Usually, corporate organizations need to decrease the jobs with a specific end goal to bring down the expenses or retain productivity and profitability. Likewise, downsizing can also happen amid a merger between two organizations or procurement of the organization by any other organization. If the acquisition or the merger has not yet happened, an organization may downsize to look similar to a suitable competitor.
Considering the other events, if the economy gets weakened or new products are launched, downsizing occurs. Downsizing could also happen when business owners need to ‘streamline’ an organization. This alludes to corporate rebuilding with a specific end goal to ensure growth in profits and boosting productivity. One of the essential reasons behind the downsizing of the employees is to lessen the expenses. Employee payroll finances consider it a risk to the organization’s finance record and, consequently, diminishes the owner’s equity. Downsizing is a decrease in organizational size and working costs executed by the administration with a specific end goal to enhance authoritative effectiveness, profitability, and the association’s aggressiveness. Casualties are authoritative individuals who automatically lose their jobs because of organizational downsizing.
Organizational downsizing influences the work procedures of business since the final product of downsizing is usually fewer individuals working the similar workload that was present before the downsizing occurred. The undertaking of downsizing brings about two groups of individuals: casualties, the individuals who automatically lose their employment because of organizational downsizing, and survivors, the workers who stay after the organizational downsizing happens. When an enterprise plans to cut costs, the question arises about reducing the number of employees. Without a system for managing the number of workers, the enterprise begins to face the growth of its staff costs.
It is crucial for the management of the organization to realize the methods and procedures of downsizing. They must be aware of the methods to implement the process. It’s not just about empty offices; it’s about a radical change that affects the employees who stay in the organization. The remaining staff will experience many emotions, and employers need to make concerted efforts to keep morale up, mitigate problems of low productivity, and avoid job dissatisfaction. Employees who leave the organization will often share their experiences (good and bad) on social media and other forums, and the reputation of your company can quickly suffer.
Tips to Manage the Process of Downsizing
Clear the Communication Channel
Open and honest communication with employees by sharing what you know and do not know about the impact of the economy on the organization will help reduce employee uncertainty. Use regular meetings with employees so that they have the opportunity to ask questions and reduce their stress.
Invest in training
Keep planning for the future, and show employees that they are important. Offer training opportunities such as e-learning and luncheon conferences. Encourage employees to join professional associations and mentoring programs.
Engage your employees in the decision-making process
Employees can suggest alternatives to layoffs, such as a pay cut, closing the business at noon on Fridays, or other cost-saving measures. Employee support increases when they are involved in the decision-making process.
Stay positive
Maintain a positive attitude by sharing good news on a large scale.
Try to keep the little things
When budgets are tight, the first reflex is to cut everything that seems non-essential. If you can, try to keep the small benefits that are not very expensive to boost morale in the workplace.
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.
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.
