Students live with a tight budget; around 79% of them are anxious about money and savings. They try to purchase cheap things and avoid being in debt. According to recent research, 15 years old American students believe 18% of respondents do not have financial management skills. It is necessary to them aware of how to win financial success and a beneficial way of earning money. Saving money is not a funny task as you need to be smart while spending your money. Let us understand five tips to save money for students.
Avoid credit cards
Credit card companies strive hard to offer credit cards to young Americans. Students can use it anytime, as they will go into temptation, but the payment will proceed later. Such type of habit can make a debtor soon. That is why students cannot bear the responsibility of having credit cards until and unless they learn how to create limits for expenses.
Avail discounts
As we know, students have a tight budget, so they must save as much money as possible. It does not mean they can’t travel, watch movies, eat good food, and retail. They can enjoy all these things with limited expenses by availing discounts. Only you will need to wait for the next sale and Google everything you will purchase. Search the product name and the purpose of its usage. For example, you want access to Adobe Photoshop as a student. You will be on the discount page of teachers and students. Also, you may find an option of GoGet Student’s on various websites to land on the discounted student rate web page.
Leave a habit of having pets
Unfortunately, having pets is expensive beyond our imagination as people spend thousands of dollars per year. They need extra care with food expenses that will only increase your expenditures. You will also give your time to your pets with study and work. It is best to live without pets as it will save you different prices with unanticipated costs that you may not expect. You will have more freedom than having pets. You can enjoy all your extracurricular activities, even travel outside the country. If you are a caretaker of cats or dogs, you will have to give them a stable environment. They can severely decrease the level of flexibility. You can go ahead if you think you can manage to have pets as I am not preaching here, though.
Avoid expensive expenses
Young people are fond of buying new things related to their wishes, including the desire to have expensive materials. Such sort of shopping can be useful or harmful at the same time. Most students want to buy a car as a transport facility. For this, they strive hard to save as much money as possible. This practice makes them perfect in building saving skills. But having a car is costly as you must pay for motor vehicle registration, insurance, petrol, spare parts, parking, fuel, and other additional expenses for car maintenance.
You can use alternatives rather than bearing such expenses to save maximum money. You can purchase a motorcycle or cycle as daily transport. It is the cheapest expenditure that every student can afford.
Do not buy unnecessary subscriptions
Students love to watch Netflix and have different memberships of resorts for an outing. Such types of subscriptions are expensive that cut your maximum money within a month. If you do not believe in this fact, you can check your regular expenditure’s cost, including subscriptions. Also, watch your financial progress after cutting out these prices. You will see a significant difference.
It is better to use alternatives that are not that much costly. For example, you can purchase a gym membership and join a sports team. You can use prepaid services rather than renewing your phone contract. Also, you should identify all subscriptions that help you in money-saving. If you need to watch movies every week, do not skip your ten-dollar Netflix opportunity. Keep using your Netflix account.
Work to make a proper budget
Most of the students do not have any idea how to manage finances or spend money with wisdom. Most learners do not have loans and debt pay-off plans. So that is why you should track the financial traffic of your account. You will know how much you have spent or saved. Use online spreadsheets to keep a tracking record of your expenditures. Also, you can money-saving and budget management apps such as PocketBook and MoneyBrilliant.
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 hiring profiles demanded by companies have changed, and now it is up to human resources to face the challenges brought by the changes. Companies must continuously adapt to the evolution of business models, technology, and available tools. Only then will they be able to attract and retain the workforce they need to grow. That is why human resource trends vary from time to time.
Currently, there are several trends in the personnel area that are being applied in large companies, many of them related to the digital transformation of human resources. Here are the most outstanding trends in human resource management that will help you find the right talent to respond to the socio-economic needs that arise today.
Bet on temporary specialization
The term “Implant” has been used in the Human Resources field for a long time. Still, it is gaining more force than ever due to the need to have highly specialized personnel at specific times. With this model, the company’s human resources can hire temporary senior profiles who can contribute all their experience and knowledge without costing them too much money.
Enjoyable Training
Tedious training courses for staff are a thing of the past. This year what is expected is that the staff will have fun while recycling or when receiving internal communications. Gamification, i.e., the game mechanisms applied to employees, is a powerful tool to motivate them and make them feel more identified with its values.
Its effectiveness is such for human resource management that this department is also using it when it comes to recruiting and onboarding new employees.
Internal satisfaction surveys
The digital transformation in human resources also involves using tools that indicate whether employees are satisfied. Satisfaction surveys, for example, are a good thermometer to see if things are being done well. There are studies in this regard. In one study by Gallup, it was concluded that turnover had increased by 19% in companies that bet on the engagement of their workforce.
Your employees, your cover letter
Employer Branding is probably not a new term for you. Still, the Human Resources managers of the prominent companies have bet on the brand image that employees set. Earning a good reputation thanks to what the company’s human capital says is much more useful than what the company can give itself. To achieve this, you only have to look for proposals seen by the staff as an added value.
Collaboration better than individualism
The best way to get the most out of your digital transformation is to make changes to the way you organize your work management. The collaboration of the teams bears excellent results, which is why the trend points in this direction.
We must ensure that the teams manage to coordinate to be efficient and increase productivity. It is essential to choose a leader who knows how to captain that ship, using all the technological tools.
Data analysis
Knowing the consumption habits of customers is very important for any company. Still, data analysis can also be applied to the workforce. In this way, you will know what motivates them, making them work better, faster, and more enthusiastic.
Big Data, that great ally
The selection processes have always been cold and impersonal. Only the CV was taken into account, and those who did not meet the required skills were automatically discarded.
But now, there is a growing tendency to consider attitude and value candidates for what they will contribute to the medium term. When a person fits into the company’s philosophy, even if they have never precisely done that job, they are given a chance. In some cases, even big data is used to classify candidates based on variables such as their character and personality.
Empowerment
Empower employees so that they are autonomous and do not depend on their superiors’ decisions. Command and conquer no longer has a place in today’s business world.
Treat employees as customers
Have you heard of consumerization? Well, aim, because it is the order of the day. It consists of making things easy for employees, treating them the same way you would your clients. And that includes simplifying all the procedures they have to carry out, from the application they use to work to how to pass the expense notes.
Don’t forget about digitization
For years, technology has been included as a trend in human resources management. Now we are not talking about innovation but about the imperative need to implement automation and digitization tools, including personnel management. Without these advances, the company will not be able to gain competitiveness.
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.
Thought Leadership is the output of content marketing as a primary marketing strategy for a company or product. Content marketing is a marketing strategy used by leaders to create thought leadership. It influences culture in the process of getting the right audience excited about your product, service, and overall brand.
The Right Audience
Before even thinking of diving into your business, you must know your audience well enough to strategize and design your marketing campaigns according to their preferences. If your content is not articulated to influence the right audience, you are losing time, effort, and a targeted audience following.
Providing wrong content means losing your chances of your audience reading the content at all. Knowing your audience helps you formulate and organize your content to suit their liking as a thought leader.
Perform a Thorough Research
Performing research before approaching your client is imperative. Even if you do not have enough time to maneuver through comprehensive research relevant to your topic, you should at least bring into focus the major pointers to build a general understanding.
Hence, it would be best to look into competitors to come up with similar content to talk about and propose different aspects in comparison. Try to find out everything regarding that topic. Your intended audience has already responded on various social media platforms such as Twitter or LinkedIn; these are more authentic to rely on.
This way, you can keep up with recent changes or modifications made around the topic of research.
Giving Your All
It can be a tedious task to keep up with note-taking and consciously listening at the same time. To ensure that you obtain all the required information from the experts, you may need to restructure or appealingly present your questions or make sure it makes sense to their psyche.
The more you get into your research, the better you will come up with relevant questions. It all becomes easier and more like a piece of cake with a lot of practice – all in due time.
Consistency is Key
The idea of thought leadership does not revolve around the number of followers you can hit on social media alone. It has to be more about the trust-building process of establishing a reliable connection with your audience. The only way to go about this is to provide them with unprecedented, high-end content to keep them engaged and interested in your leadership.
Use Your Resources
Once you have figured out the kind of content your audience prefers and all the resources to work around with, you must then figure out a strategy and direction. This is important to give your content a thrust and help it influence your audience most effectively.
You may have all the content you need, including blogs, press mentions, guest posts, certifications and recognitions, whitepapers, polls, and a lot more. However, if you do not align them to appear in a certain chronology and use it as your strongest asset, you may have higher chances of letting your content turn into your weakness.
If it does not work in close harmony to drive you closer to your thought leadership benchmark, you must change your strategy.
Effective Thought Leadership
You need to keep in mind a few aspects if you want to build an audience influence and step up your thought leadership game. Firstly, you should stop focusing a lot on paid promotions and excessive brand-building tactics.
Keeping things simple is the best way to gain someone’s trust, and that is the case with your audience. By keeping them in the loop of your realistic values, by being transparent about what matters to you; you will gain their trust in a much better way than promoting outrightly. Secondly, creating top-notch content is not enough.
You have to be creative enough to understand where to channel that content to meet your goal specifically. Hence, you must understand through which contacts in your PR list or your online platforms will be highly noticed. This strategy is specifically to meet your goal, which will only create the content with a purpose in mind and then recycling it to serve that purpose in multiple ways.
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 key to a company’s financial success is to carry out a good financial strategy. Conducting strategic analysis, deciding the time frame, and investing part of the benefits are steps to follow.
To succeed in business, it is not enough to offer a good product or service. All companies must have a powerful financial strategy that supports all the decisions that have to be made related to finances. With this in mind, planning is as important as implementation. Here are some key financial strategies that will ensure your company is a success no matter the size of the products or services it offers.
Analyze the financial strategy
To plan a good financial strategy, you must first carry out a strategic analysis.
This step is very important because there is no single financial plan. Apart from being detailed and organized, planning must be done in a personalized way to meet the needs and objectives of each particular company.
That is why you have to consider a series of variables, starting with being clear about your company’s risk profile. It is also important to analyze the following key aspects:
The current limitations and resources of the company.
Working capital: liquidity and solvency.
Cash flow forecasts.
The profitability of investments.
The level of indebtedness.
Funding sources.
The risk of the credits granted to the clients.
The objectives to be achieved. When preparing the list, these objectives must be achievable and measurable.
The time frame in which this strategy will be framed (the short term must be avoided). This last point is important since financial strategies differ depending on the term.
All this information is easier to obtain when the data is up to date and the management, both financial and documentary, is digitized. The data is categorized so that, in a matter of seconds and at any time, you can control that the different departments comply with the assigned budget or study all reported expenses and payment methods, among other advantages.
Design financial strategies based on the term
As we said, the time frame is one of the keys to success. If your company is going to opt for long-term financial strategies (the most recommended), you must take into account three aspects:
The investment: It must be aimed at increasing the value of the company. Strategies can be offensive, defensive, redirecting, and survival. Depending on the one your company has raised, investment decisions will be oriented either to growth or to divestment. In the first case, you can choose between two types of growth:
Internal growth: It may be, for example, expanding the business because demand has increased and supply is no longer sufficient to cover it.
External growth: One strategy would be to eliminate your competitors, for example, through mergers.
When it comes to divestment, this strategy applies when the company is only focused on getting ahead. You may choose to keep the assets or sell a portion, so you don’t have to close.
The financing structure. The strategy adopted to choose the appropriate source of financing must correspond to the risk that the company is willing to assume.
The retention or distribution of profits. In this case, the strategy will depend on variables such as the possibility of contracting long-term loans or obtaining more profitability for the available assets.
What can be done in the short term?
For their part, financial strategies for the short term should focus on the following aspects:
The working capital. Finding the right risk-return ratio is important. One of the three basic strategies must be followed: aggressive (high risk), conservative (low risk), and intermediate (seeks a balance between liquidity and profitability of liabilities).
The current liabilities. We are talking about the current financing of a company. The strategy ranges from taking advantage of discounts for prompt payment to a financial institution to apply for a loan.
Efficiently manage cash on hand. It is necessary to carry out three fundamental actions to increase the liquidity of the company. You must reduce inventory, try to collect as soon as possible and delay payments as long as that does not mean paying commissions or giving up discounts for prompt payment.
Follow all the steps to implement the financial strategy in large companies
Once the planning phase has been passed, it is time to fully enter into the implementation of the financial strategy. But you have to do it carefully, taking all the recommended steps. When the strategy is carried out progressively, better results are obtained.
You cannot forget to hold regular meetings with your company’s accounting and finance managers to make sure that everything is going according to plan. Communication is essential, almost as much as monitoring for progress.
Review the financial strategy
You need to make revisions frequently in case you need to make adjustments. Only then can it adapt to the needs of the company in real-time.
How often do you have to carry out these reviews? At least once a quarter. And, of course, when there are changes in the objectives set in the planning phase or there are important changes in the company.
Make profitable business profits
The last point has to do with the profitability of profits. You can always set aside a part that you will not need in the short term and invest it. Swing trading (ideal for more conservative), derivatives, or investment value (the strategy did succeed Warren Buffet) are some options. But in this case, better to go to the experts.
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.
Essential Money Investment Strategies Every Investor Should Know
Money investment strategies are practical frameworks and methods—such as diversification, dollar-cost averaging, and risk management—that every investor should use to maximize returns, minimize losses, and steadily grow wealth over time. Using approaches like buy-and-hold, index fund investing, and regular portfolio review allows your money to work intelligently, regardless of your experience or the market cycle. These strategies form the foundation of successful wealth building, turning market volatility from enemy to opportunity.
After more than two decades helping business owners take control of their financial futures, I’ve learned that disciplined, evidence-based money investment strategies work better than hype or shortcuts. Working with thousands of clients across every industry imaginable at Complete Controller has shown me exactly which wealth-building approaches stand the test of time—and which costly mistakes to avoid. I’ll show you the exact tactics and mindsets that helped me build wealth and can transform your financial future too. You’ll discover how to harness diversification for steady growth, master dollar-cost averaging to smooth out market swings, and leverage index funds for maximum returns with minimal effort.
What are the essential money investment strategies, and how do they help grow wealth?
The essential money investment strategies are diversification, dollar-cost averaging, asset allocation, buy-and-hold, and regular portfolio rebalancing
Diversification spreads your risk across asset types and reduces the impact of any single investment’s performance
Dollar-cost averaging means investing fixed amounts at regular intervals, smoothing out market highs and lows for steadier growth
Asset allocation balances your investments across types (stocks, bonds, cash, etc.) for tailored risk and return
Buy-and-hold and systematic rebalancing harness compounding and prevent emotional, costly trading mistakes
The Building Blocks: Core Money Investment Strategies Explained
Understanding and implementing proven money management techniques separates successful investors from those who struggle with inconsistent returns. Each strategy serves a specific purpose in your overall wealth-building plan.
Diversification forms the cornerstone of effective asset allocation methods. Spreading investments across different asset classes—stocks, bonds, real estate, and cash—protects your portfolio from catastrophic losses in any single area. Smart diversification means:
Never allocating more than 15% to any single stock or sector
Using mutual funds and ETFs for instant, cost-effective diversification
Reviewing allocation annually to adjust for market shifts and life changes
The 2008 financial crisis proved diversification’s value when portfolios holding only financial stocks lost 80% while diversified portfolios dropped just 37% and recovered within three years. This protection allows you to stay invested during downturns rather than panic-selling at the worst possible moment.
Buy-and-Hold: Harnessing Long-Term Wealth Building Strategies
The buy-and-hold approach involves purchasing quality investments and holding them for years, letting compound growth multiply your wealth exponentially. This strategy outperforms market timing for one simple reason: time in the market beats timing the market.
Capital Wealth Advisors analyzed 94 years of S&P 500 data and found that 93% of all five-year periods delivered positive returns. Even more compelling, over half of these periods generated annual returns between 10-20%. This historical data transforms buy-and-hold from theory into statistical fact.
Benefits of patient investing include:
Lower taxes through long-term capital gains rates
Reduced trading fees that compound into significant savings
Protection from emotional decisions during market volatility
Compound growth working its magic over decades
During the 2008 crash and 2020 pandemic selloff, our buy-and-hold clients who resisted panic-selling not only recovered their losses but reached new portfolio highs within 18 months. Those who sold locked in permanent losses they still regret today.
Index Funds & ETFs: Simple Investment Portfolio Strategies for Steady Growth
Index funds and ETFs offer the most efficient path to wealth creation for both beginners and experienced investors. These funds track entire market segments, providing instant diversification at rock-bottom costs—typically under 0.10% annually compared to 1-2% for actively managed funds.
SEC research reveals the devastating impact of seemingly small fee differences. A $100,000 investment growing at 4% annually becomes $204,000 after 20 years with a 0.25% fee. Increase that fee to 1%—common in actively managed funds—and you only get $170,000. That single percentage point costs you $34,000, or 20% of potential wealth.
Best practices for index fund success:
Choose broad-market funds for core holdings (S&P 500, Total Market)
Automatically reinvest all dividends for compound growth
Keep total expense ratios under 0.25% to maximize returns
Resist the urge to chase sector-specific or trendy funds
Professional money managers rarely beat index returns after fees—SPIVA reports show 65% of large-cap funds underperform the S&P 500 over five years, and the percentage rises to 92% over 15 years.
Dollar-Cost Averaging: Consistency as an Investment Risk Management Tool
Dollar-cost averaging (DCA) involves investing fixed amounts at regular intervals, regardless of market conditions. While Northwestern Mutual research shows lump-sum investing mathematically outperforms DCA about 75% of the time, the psychological benefits make it invaluable for most investors.
DCA protects you from the behavior gap that costs average investors dearly. DALBAR studies reveal that while the S&P 500 returned 8.2% annually over 20 years, the average investor earned just 2.1%—a staggering 6.1% annual gap caused by buying high during euphoria and selling low during panic.
Making DCA work for you:
Set up automatic transfers from checking to investment accounts
Start with whatever amount you can afford—consistency matters more than size
Increase contributions with raises and bonuses
Continue investing especially during market downturns when shares are “on sale”
One client began investing just $250 monthly in 2009, right after the financial crisis. By maintaining this discipline through ups and downs, her portfolio grew to over $120,000 by 2024—proving small, consistent actions create extraordinary results.
Maximizing Returns with Advanced Wealth Creation Strategies
Beyond basic strategies, sophisticated investors leverage additional techniques to accelerate wealth building while managing risk. Tax-efficient investing alone can boost your returns by 1-2% annually through strategic use of retirement accounts and tax-loss harvesting.
Advanced strategies for maximizing investment returns include:
Maxing out 401(k) contributions for immediate tax savings and employer matching
Using Roth IRAs for tax-free growth on investments likely to appreciate most
Implementing tax-loss harvesting to offset gains with strategic losses
Adding alternative assets like REITs for inflation protection and diversification
Annual portfolio rebalancing locks in gains from winners while buying more of temporarily underperforming assets. This disciplined approach forces you to sell high and buy low—exactly what successful investing requires but emotions typically prevent.
Real-World Success: Learning from Actual Investor Journeys
Camilla Colley’s story demonstrates how combining multiple strategies creates impressive results. Starting with a Lifetime ISA at age 34, she invested the maximum £4,000 annually for three years. By mixing individual stocks with FTSE index funds and capturing the government’s 25% match, her £12,000 investment grew to £20,000—a 67% return in just three years.
Her success came from three key decisions: taking advantage of matched contributions (free money), maintaining consistent contributions regardless of market conditions, and diversifying between individual stocks and index funds. She calls opening that ISA “the single most important investment decision in my 37 years.”
The Human Side of Smart Money Investment Techniques
Investment success depends more on behavior than brilliance. Common mistakes that derail wealth building include panic-selling during downturns, chasing hot tips without research, and neglecting to adjust strategies as life circumstances change.
Creating a written investment policy statement acts as your financial GPS during turbulent times. This document outlines your goals, risk tolerance, and specific strategies—preventing emotional decisions when markets gyrate wildly.
Behavioral tips for investment success:
Write down your investment goals and review them during market stress
Automate everything possible to remove emotion from decisions
Track your progress annually, not daily or weekly
Find an accountability partner or advisor to provide objective guidance
I’ve watched brilliant business owners make terrible investment decisions during emotional moments. Having clear strategies and predetermined rules protects your future self from your present emotions.
Final Thoughts: Your Path to Financial Growth
Building wealth through proven money investment strategies isn’t complicated—it requires discipline, patience, and the right knowledge applied consistently. Start with simple steps: open an index fund account, set up automatic investing, and commit to leaving your investments alone for at least five years.
My journey from corporate cubicle to building Complete Controller taught me that financial freedom comes from making smart decisions repeatedly, not from finding the perfect investment or timing the market perfectly. Every successful client we’ve worked with followed these same timeless principles.
Ready to take control of your financial future with personalized strategies that fit your unique situation? Contact the experts at Complete Controller to discover how professional guidance can accelerate your wealth-building journey and help you avoid costly mistakes that derail most investors.
Frequently Asked Questions About Money Investment Strategies
What are the safest investment strategies for beginners?
Index funds, diversified mutual funds, and dollar-cost averaging provide the safest foundation for beginning investors, offering broad market exposure with minimal risk and low costs while you learn more advanced strategies.
How much money should I start investing with?
Many platforms allow starting with as little as $50 monthly—consistency and discipline matter far more than the initial dollar amount, as proven by investors who built substantial wealth from modest regular contributions.
How often should I review my investment portfolio?
Review your portfolio annually or whenever major life changes occur (marriage, children, job change), but avoid daily monitoring that leads to emotional decisions and unnecessary trading costs.
What is the importance of diversification?
Diversification reduces risk by spreading investments across multiple asset classes and sectors, protecting your portfolio from devastating losses in any single area while maintaining strong overall returns.
How can I manage investment risks effectively?
Combine proper asset allocation based on your age and goals, broad diversification across investment types, and predetermined rebalancing schedules while avoiding emotional reactions to short-term market movements.
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.
Recent reports by Sageworks, a financial information company, revealed the most and least profitable industries over the studies of previous years. According to their research, service-based businesses have low start-up costs, although they require specialized training and function services that fare well in today’s market. This includes law offices, real estate brokerages, and accounting/bookkeeping firms.
On the other side of the spectrum, businesses and retailers related to the food industry struggle in sales, with farming and grocery stores seeing close to no growth at all.
Bierman, a business analyst, said, “Because of their volume-based business model and competitive markets, margins tend to be smaller. Grocery stores and manufacturing companies are good examples. Oftentimes their goods may be considered commodities, and to charge extra for a loaf bread may drive consumers to a different store over time.”
If you are starting a business or planning to do so, here are some of the most and least profitable businesses in recent years.
Most Profitable Businesses
Tax Preparation, Accounting, Payroll Services, and Bookkeeping
Not sure which business to start? Well, if you are good with numbers, an accounting firm will be the ideal option to invest in. Over the previous years, tax preparations, bookkeeping, payroll services, and accounting have seen a remarkable increase of 17.84% in sales growth.
They are likely to gain profits because their start-up costs are low, and all you must pay for is your employees, technology, and training. Alongside, it is a service-based business; therefore, no amount of money has to be spent on inventory. All one must focus on is obtaining effective employees and build a reputable name for their business.
Legal Services
Like accounting, legal firms are a service-based industry that has seen positive growth in sales of around 16.89% over the past years. They have small start-up costs that mostly include employees holding law degrees. Although investment is required in special employee training and education, legal firms can generate a good amount of money.
Management of Enterprises and Companies
A 16.75% growth was noticed in this business realm. Therefore, it is a wise decision to invest in this industry. Typically, these businesses consist of privately owned banks of holding companies that are supposed to advise and further assist other companies in making essential and important management, operational, and financial decisions. Although the offices are niche and mostly offer specialized services with skilled employees, this kind of company often brings in a considerable amount of profit.
Offices of Brokers and Real Estate Agents
The real estate industry has seen an increase of 16.6% over the past few years. Although the industry fluctuates, which can be hugely affected by changes in the market, it is wise to invest in this business when an increase in positive trends is noticed because real estate agents make good amounts of money when the business start-up is up and roaring.
Least Profitable Businesses
Gas and Oil Extraction
Gas prices were lower in 2017, like in past years. Firms that are operating in the gas and oil industry have been noticing a drop in sales of around 4.24%. With major fluctuations in the market, competitors, and incredible barriers to entry, this may not be the best business to invest in.
Beverage Manufacturing
According to research, this is not the first time that beverage manufacturing has been on the list of the least profitable businesses to start. Although it covers both alcoholic and non-alcoholic drinks, the latest technology trends have introduced soda fountains and other types of drink dispensaries. Alongside, people are becoming more health-conscious, due to which beverage manufacturing is declining. Over the past year, more than a 1.49% drop in sales growth was noticed.
Bakeries
Whether it is due to major competition or high costs of start-ups involving kitchen supplies, equipment, and overhead bakeries that are commercial, bakeries have been on the decline for a while now. According to research, a 0.81% drop in sales growth was noticed.
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.
Since Satoshi Nakamoto created bitcoin, more than 1500 new virtual currencies have appeared. Some of them are based on those that exist today; others are based on newly created databases. We will discuss the top of the public blockchain participants in 2018, who continue to develop their ecosystem and have become the basis for new projects in the cryptocurrency industry. Also, we will designate the difference between public blockchains and privately distributed registers.
Public vs. private
The fact is that apart from cryptocurrencies, the distributed registers are used by private companies, for example, the processing of the documentary workflow. In such cases, it is not reasonable to use a public blockchain because transaction processing takes time and computing power.
This problem can be solved using the public blockchain. Often, these systems are available exclusively for national professionals and are used on an already existing basis of the distributed public registry. Similarly, in the case of the private blockchain, all participants know each other. To better know the difference between the private blockchain, click on the link. (To find out more about the difference between public and private blockchain, read the link).
Public blockchain: main actors and their role in the cryptocurrency industry
Before developing the private blockchain, you must familiarize yourself with the technical characteristics of the public distributed registers on which they are based. We have prepared for you a selection of top participants in Public blockchain.
The best players in the cryptocurrency market
The best-known blockchain is that of bitcoin. But, as the “informational gold,” the first cryptocurrency does not manage the function of the reciprocal regulations, which means that the speed of transactions is rather weak. In this regard, participants’ views on the blockchain network are mixed. Some of the nodes decided to increase the flow of the distributed register and, by Hard Fork, create a new cryptocurrency – Bitcoin Cash.
But this is not the first division of the bitcoin blockchain. Nearly six new types have appeared, but they have not yet had much success among miners and bearers. Bitcoin is still the most valuable from digital assets, although the technical features do not allow them to be widely used in other infrastructure projects.
Public blockchain: main actors and their role in the cryptocurrency industry
Another important player of the distributed registers is Ethereum. It is by this ecosystem that many blockchain startups and new crypto-currencies are created. Thanks to its technical characteristics, the Ethereum protocols allow you to create different intelligent contracts and solve problems of any kind.
Ethereum was distinguished by United States’ Information Industry Development Center, which calculates the public blockchain index each month. The analysis is based on the project’s technological capabilities, utility, and innovation. According to center estimates in May, Ethereum took the top spot and bitcoin – the 13th. The second place is Blockchain Steem; the third is Lisk; the fourth is NEO; the fifth is Komodo.
As a result, public blockchains can be used for savings (like bitcoin) and the creation of new crypto-projects (IOTA, ENS, and Ethereum). Depending on your task, you need to choose the distributed registry whose technical characteristics are more suitable for implementing your idea.
Rules and Regulations for Cryptocurrencies
No matter how famous cryptocurrency gets in the contemporary era, the regulatory points are problematic. However, with technology transcending boundaries on a daily basis, the national regulators are now limited. Moreover, with cryptocurrencies conceived to avoid governmental control specifically, it’s uncertain that regulation efforts will be successful.
Nonetheless, the blockchain currency is here, and it’s going to stay! It’s up to us on how we can capitalize on this. But the future of cryptocurrency lies in the hands-on how we can manage them. Moreover, the hype is real, and it’s not farfetched to believe that cryptocurrency could possibly become the only source of transaction in the future.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-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.
Face it, online shopping is convenient, so people prefer shopping online instead of going to an actual store. Also, the online market offers loads of discounts so that you can easily manage your expenses. Besides, who does not like to save a little extra every month for a rainy day? Shopping on a budget is not a chore; it is your responsibility so that you do not end up with no financial support when you need it the most.
When we talk about shopping on a budget, it means that we have decided on the amount of money we will spend when we are out shopping. In other words, you can say it is about sticking to your limits. When you overspend in one area, it means the money is now coming from another part of your budget, and that could be from your savings as well. So, it is important to consider any changes before you implement them carefully. Make good choices and think hard before you spend your hard-earned while staying within your limits.
Now that we have established that shopping online saves you enough money, what about its security and identity protection? Is online shopping safe? We lock our car doors and keep the windowpane up when you leave the car or as you wait in the car, but do you protect your data the same way?
Cybersecurity is a daunting topic for most people, and the thought of just figuring out how and where to start from can be stressful. Online shopping is safe, but only if done the right way. Getting a great deal online includes a lot more than just low prices. You must be sure your product arrives on time; items include a valid warranty, the quality should be what you expected, a way to ask questions, and a way to return the products if you are not satisfied. Here are six tips that can help you shop online safely.
Place Orders from Secure Connections
If your device is not protected from potentially malicious software, watch out because your passwords, financial information, and everything else you store are at risk of being stolen. This is such a basic concept, yet only a fraction of the US population protects their data adequately. Just remember to use a secure connection and ensure your computer’s firewall is turned on.
Know Your Merchant and Their Reputation
So, if you know even a little about the merchant already, then shopping on their online store makes things easier. You also have access to walk into their stores and inquire if you have any concerns. Plus, word of mouth works best here, so if you have had people around you who told you about their positive experiences.
Terms and Conditions
Always read the terms and conditions before signing up. If you are offered a gift card, be sure that the store is legitimate and no hoops one would have to go through. There are so many things that we miss out on by simply not reading the terms and conditions.
Make Unique Passwords
You are often asked to create an account and set a password for the site. You may have the option not to go with it, but that does not happen all the time. But when you do have to create an account, make a strong and unique passcode.
Use Payment Platforms or Credit Card
Please do not use your check or debit card to make online payments since they do not have security protections. Plus, credit card consumptions limit the liability to $60 unauthorized charges if your financial data is stolen and the cash in your bank account is untouched. Debit cards do not have this option available, and even when they do, you are out of funds in the meantime.
Overlook the Company’s Shipping Conditions
Some merchants charge you ridiculously expensive shipping fees that turn the entire shopping bargain into one expensive mistake. Check if they offer tracking and insurance. Understand the carriers they choose and be a little cautious and even ask questions if the item will not be shipped in less than ten days.
Conclusion
When you organize things in life, everything works out great, especially about organizing your expenses. Fix to your budget, and you will never find yourself spending more than you should. Understand that protection of your data is your responsibility. You may not always have to use your financial information for online shopping; it could be school fees, Netflix, or even online banking. Be smart about things online.
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.
“Cryptocurrency” is a term that has created significant buzz on the internet and within the financial world within the last decade. Bitcoin, one of the prominent cryptocurrencies, has generated tremendous profit for some early investors while others were hesitant to invest. Meanwhile, the sense of fame that Bitcoin earned has created a curiosity in investors to make it an asset. The question is, how?
Many investors are still trying to understand the way Bitcoin works. It can be difficult to determine which organization holds the cryptocurrency or where it is stored since there is no purchase receipt. Hence, it is important to first recognize that Bitcoin is not a commodity but a currency that is run on algorithms. Moreover, it cannot be simply obtained at a physical location like other transactions at a bank. Everything related to the purchase and safekeeping of cryptocurrency is done online and in multiple ways.
Crypto Wallets:
Before purchasing cryptocurrency, you need to know about its safekeeping. When you purchase it, where do you keep it? Bitcoin is not physically present; therefore, you cannot keep it in your pocket or a safe. It is present as it is backed by blockchain technology. Therefore, several companies offer crypto wallets, allowing you to keep your cryptocurrency safe in your account. This account contains wallet(s) which allow you to keep your crypto safe, and only you can access it. All you need to do is sign up for a website offering wallets, but make sure the website is reliable and safe. After signing up, you will receive a crypto receiving address depending on the cryptocurrency you are using. You may copy the address and provide it to others so they can send you cryptocurrency. To do this effectively, make sure that the address you are providing is a public key. Providing private keys can result in a loss.
Where to Buy It?
Once your crypto wallet is set up, now comes the time to buy Bitcoin or another cryptocurrency. So, you must be wondering where and how to buy it? First, you need to search for trusted suppliers of Bitcoin. Then you can log into their websites and provide the necessary details to purchase the cryptocurrency. If you are still not sure which are the trusted suppliers, below are a few commended providers:
Coinbase: Coinbase is the most famous place to buy bitcoin. If you are from America, Europe, or Singapore, this is the best supplier for you. Not only is Coinbase a good crypto exchanger, but it also provides its user a safe and secure wallet. You may connect your bank account or buy crypto through a debit card or SEPA (Single Euro Payments Area) transfer. With time, Coinbase is adding new currencies to facilitate its users worldwide.
Kraken: Like Coinbase, Kraken allows its users to purchase Bitcoin in Europe or United Kingdom the same day through SEPA transfer. It allows for a smooth transfer and record-keeping of the purchase. The user does not have to worry about the fluctuation in prices as they receive their crypto coins the same day.
Localbitcoins: Localbitcoins is of the most famous crypto-exchanging platforms because it gathers buyers and sellers in one place. It does not hold coins itself, but it allows users, who already have coins, to post their offers. Then, buyers make bids to purchase it. For safety and security, Localbitcoins restricts third-party payments in order to avoid probable frauds.
Spectrocoin: Famous for its inexpensive rates, Spectrocoin allows its users to buy Bitcoin through credit cards and allows its users to get a crypto debit card. A user can easily access and buy whenever they want after completing the Know Your Customer form.
There are several other places where a user may buy Bitcoin; however, these are the most famous platforms. Others include Coin Mama, cex.io, remittance, and crypto pay and are the most trusted and approved platforms.
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.
Remote work has always been an option available in most organizations, but recently, every company has started offering work from home after the pandemic. However, significant change in work and productivity has been noticed.
People who work remotely are more likely to keep their jobs than the displaced workers in sectors most impacted by the novel corona virus-like hospitality, tourism, travel, and retail. According to the Future of Jobs Report, most employers are not quite certain how hybrid working and remote-working can pan out in the long term.
Covid-19’s impact on the world’s economies and livelihoods has vaulted from serious to catastrophic at the macro level. The USA’s exact development when claims from unemployment insurance increased over 6M inconsecutive weeks. In countries with large informal economies, the government decrees aggravate the crisis by dictating self-isolation, social distancing, and the nonessential businesses’ closure.
Productivity at Home
Most of the business leaders surveyed and expected a 78% negative impact in the current way of working and expected a 22% strong negative impact, with only 15% believing that it’ll have positive or no impact.
Here are the three likely reasons for this skepticism identified in the report:
Individuals with kids face additional pressures.
The switch to remote working is happening during additional stress caused by risks linked with the Covid19 virus.
The newly remote working companies are currently ensuring a communication flow and establishing a sense of community in the post-lockdown world.
Less Office Space
The need for large physical office spaces will soon come to an end. Waking up in the morning to go to work every day will become a thing of the past. And believe it or not, but companies are already taking steps in this direction. Another strategy may be to have specific days for in-person collaborations and meetings with other days allocated from remote work.
The offices might be reorganized and redesigned by getting rid of cubicles and creating more collaborative meeting spaces.
Cut Costs
A business would easily save $11,000 per person every year by providing the employees the ability to work remotely. The remote workers have reduced the amount of real estate you need, meaning that you are pouring majorly less money into buying or renting office space. A remote workforce can easily cut down on the costs of keeping an office functional like phones, computers, electricity, heating, and air condition.
Attract Top Talent
Remote work greatly expands the talent pool. Companies that refuse to support work from home are at risk of losing some of their best employees and turning away tomorrow’s top talent. The best part about remote work is that you are no longer dedicated to geographic locations; you can get anyone working anywhere by simply offering the work-from-home opportunity.
When you recruit from a larger pool, to have a better opportunity to increase diversity at the company. This gives you the option to hire from various regions of your country and worldwide – benefit yourself from different ideas and perspectives that people bring.
Supporting Mental Health
Remote workers face potential well-being and other mental health challenges because of extensive changes to working practices and new areas of exclusion like access to digital connectivity, additional care responsibilities, and living circumstances faced by parents and even those looking after the elderly relatives.
According to a Gallup poll, workers who spent 60-80% of their time away from the workplace had higher engagement rates. Without a doubt, multiple factors contribute to increasing productivity. The study also discovered that working at home is less distracting and easier to concentrate on work at home. Plus, employees work better at home, even if it means late at night or early in the morning. A happy employee, as a result, adds extra hours at work per week.
Conclusion
There is so much that can be gained by simply working at home, so why isn’t everyone doing it? Many people are a little scared to make that jump; the fear of the unknown is pretty common. But no one can deny the productive statistics. It is natural to face challenges, but you minimize the challenges and maximize the remote workforce’s benefits with certain strategies.
We still do not know how long the pandemic will last. While Germany and Europe have shown first signs of encouraging travel demand recovery, other geographies, including the United States, have not controlled the spread effectively. Despite the increase in the number of Covid-19 patients, there has been an increase in bookings and searches.
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.
