When we prepare for a trip, we want everything to be perfect. For this, it is essential that when traveling, we purchase travel insurance that covers all the needs we may have. Travel insurance is not a requirement but is highly recommended to cover anything that can go wrong before or during your trip.
Travel insurance is that by which all contingencies that may arise on a trip are protected. Depending on the travel insurance that is contracted, this will have some coverage or others.
Before hiring any travel insurance, it is advisable to check if we have any coverage by home insurance or health insurance. On many occasions, home insurance includes the loss and theft of objects such as watches, cameras, video cameras, computers, laptops, etc. While health insurance usually includes emergency coverage outside the place of residence.
Although some home or health insurance offers coverage that can be useful when traveling, these types of insurance will not compensate for a flight delay, an overbooking situation, or lost luggage, etc. These being the most inconvenient among travelers. Therefore, it may be necessary to purchase travel insurance.
Should you get travel insurance?
To answer whether you should have it, you must first understand what is covered by the insurance. Travel insurance can have more or less coverage, with higher limits or less. Here are some issues covered by travel insurance.
Repatriation and health transport: this coverage includes the steps and expenses of transferring deceased travelers to their country of origin, as well as several companions.
Trip cancellation: travel insurance must include cancellation for peace of mind
Trip interruption: this coverage means being able to recover the proportion proportional to the time not enjoyed
Luggage protection: in addition to health coverage, it is also important to have clauses that protect our luggage from losses or delays
Delays: we may have to take two types of transportation on our trip. If we have travel insurance that includes possible delays, they will pay us the extra expenses we have in the time we are waiting for
Accidents: Another important coverage to consider is accident protection, which would cover compensation if the accident causes permanent damage.
Which policy should be best for travel insurance?
Having the best travel insurance policy depends on your needs and your situation.
Your travel destination
Source of traveling, such as flights, rental cars, etc. The changes in your coverage requirements.
Activities that you are going to enjoy while traveling, such as skiing, ski diving, and other adventurous activities
The duration and how long your trip is going to be?
Number of passengers and who will travel with you such as your siblings, friends, couple, single, or family
The value and the number of goods you will have
The level of risk aversion
Essential considerations for an insurance coverage plan
If you are thinking of having an insurance coverage plan, you should consider the following points. The reason for learning such things is to have good insurance. It can only happen when you have it according to your needs.
Extent and level of coverage
Make sure the policy covers the indemnity for medical services expenses incurred abroad. It would be best if you had reimbursement for medical treatment that you are going to continue in your country.
Payout needs and duration
Find out that you will have to submit the incident’s recent report within a reasonable duration? Do you have to attach supporting documents to your claim report?
Premium expenses
Make sure you pay for the right coverage. Don’t forget to upgrade or downgrade it as per your requirements. It should be something by which you feel more comfortable than other insurance premium expenses.
Present upgrades
Evaluate the total expense of your insurance to your baggage. Also, consider the number of items you are going to add to your shopping list abroad. It includes paintings and furniture.
Drugs and alcohol
If you are alcohol or drug-addicted, make sure the selected insurance policy must be null and void. It would be useful if something happens due to alcohol or drug influence or habit.
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.
Online businesses can only be profitable if you have ideas that meet a need or a problem. Of course, where there is an opportunity, there is also competition. Before you begin your venture, make sure you research all aspects of your industry, including financial analysis and competitive analysis.
Blogging
Blogs are at the top of the list because you can start blogging with minimal investment. If you are prepared to write quality articles, learn and implement Search Engine Optimization (SEO), and do content marketing, blogging will not cost you much.
I started Blogging with only 100 Dollars. I bought accommodation at $5 per month and with a free domain name. Then I installed a WordPress content management system, chose a free theme in the WordPress repository, installed some free plugins, and started writing articles.
In addition to hosting costs, my only investment was to devote time and energy to researching new topics and writing quality articles to benefit readers of my blog.
With blogs, you can earn money through the three methods below:
Post ads on the blog, usually via Google AdSense. You will be paid by advertising impression (ICC) or by advertising click (CPC).
In affiliate marketing, you promote a company’s products or services to your readers. Whenever someone buys a product or service using your affiliate links, you are paid by the company.
Write through paid, sponsored articles.
Most beginners often end up choosing the wrong monetization method, which is one of the reasons bloggers are not able to earn money. Be sure to choose the monetization method that best suits your niche.
Remember that blogs are about writing quality articles and searching for relevant keywords, SEO, SEO (off-site), and content marketing.
Start a YouTube Channel
YouTube is a great way to make money if you can make attractive videos. If you can create videos that can become viral on the Internet, you will earn much more than you imagined.
Web Design
With more people needing a website, the demand for web design will continue to increase over the next few years. Sites like Upwork and Freelancer make it relatively easy to offer services and get to know customers. Many people from developing countries start their Web Design career with Web Content Writing.
Sell Courses Online
Revenue from online education is not recurring. If you sell your time, it may be hard to make a lot of money. However, if you want to have a recurring revenue stream and develop your online course activity, you can create online courses and sell them on platforms like Udemy.
In addition to offering courses on sites like Udemy, you can also promote them on your blog or website. This allows you to avoid paying commissions and sell them for more profit. However, it may take more effort at the beginning to drive targeted traffic to your website.
Sell Your Products on e-Commerce Sites
If you buy certain items at a lower price than the market price, you can make money by reselling them online through sites like eBay. Registering on eBay is easy; all you need to do is create an account, upload photos and information about your product, set your price, and monitor bids. With eBay, you can sell new, refurbished, and used items and even sell imported items without any guarantee.
However, eBay can be a disorganized place to sell your products, and many people do not like buying or selling on eBay due to fraud. If you are looking for a more structured way to sell your products, you can become a seller on Amazon.
Unlike eBay, Amazon attaches particular importance to the quality of its sellers. To become a seller on Amazon, you must be a company.
Design and Sell Products on POD Websites
If you are creative and can make t-shirts, caps, mugs, etc., then Print on Demand (POD) websites are an option. Through POD websites, it is possible to design different products with intuitive software on their platform. The products you create will be presented to thousands of website visitors every day. Whenever someone buys your product, the website will print your design on a blank product and send it to the buyer.
The advantage of the POD is that it does not require any investment. From inventory management to printing and shipping, everything will be managed by the website so you can focus on creating new products.
Instagram Consultant
Although Instagram is becoming more popular, brands may not know how to use the app effectively. If you have some experience in social media and marketing and are passionate about photography, it may be worthwhile to start a specialized consulting business on Instagram.
Online Affiliation
If you leave customer comments and reviews online, stop doing it for free. For many companies, the recommendation is an important lead generator, and they are willing to share some of their profits with persuasive people who will promote their products.
Business Coaching
If you know business management, then why not start a business that helps aspiring entrepreneurs succeed? You can use your skills to help new entrepreneurs get started, or you can write articles about companies via platforms like LinkedIn.
SEO Consultant
Do you know the ins and outs of search engines and have skills in platforms like Google Analytics? Many small business owners do not realize how SEO can have a significant impact on their business. Consult with business owners about the power of SEO and use your skills to teach them to read and use their analytics data to have more qualified traffic on their website.
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.
There is no denying there; every person thinks about saving money. The people who like to live in “the now” and do not think about the future are rare. When it comes to people working to achieve a stable future, they are found in every corner of the world. Despite this, there are only a few who are successful in saving for their future.
Many people find it difficult to start saving as it requires them to cut some of their expenses. In reality, saving is not that of a challenge, only if a person thinks smartly. There are many ways one can start saving funds for their children, retirement, car, business, or a house. They need to explore.
People struggling to put aside a fixed sum of money every month need to understand that there are many ways to go about this. Some methods do not even require much effort if that is something bothering them
Working on the budget by enlisting all the expenses is the smartest way to begin. However, people always find excuses for not saving. Some say their expenses are too much while some complain about their salary is not enough. One of the biggest excuses is not knowing any effective money-saving techniques. Here are six simple ways to start saving money today!
Take Small Steps
For beginners, people can start by taking small steps. If one fails to save a certain amount of money from their income, they need to look for ways to cut down their expenses. Some smart ways people can go about with this are.
Switching off the lights when not in use.
Quick showers with high-speed water flow.
Preventing unnecessary water loss.
Practice recycling.
Track Expenses & Create a Budget
As discussed earlier, to start saving, people need to keep a track record of their expenses. They need to be well-aware of where they spend their money. It is always the first step in the process. Whether a person purchases a rose for their partner or plans a vacation, every penny an individual spends must be recorded.
For efficient record keeping, people can categorize their expenses. They can use their bank statements and credit card statements to do that. After gathering accurate expense details, the next step is to draft a workable budget. The plan needs to outline exactly how the expenses are measuring up to the income.
Cutting Down Expenses
A major component of saving money for a stable future is to cut down unnecessary expenses. Many people do not realize that they are unnecessarily spending on things that they do not need. Anyone who wishes to save needs to look for smart and effective ways can reduce spending.
It is where enlisting the expenses will come into play. Some people track their major expenses and do not give much thought to the minor expenses such as eating hot dogs, getting new shoes, or buying a flower. When individuals know exactly where their money is being spent, they can identify the irrelevant expenses, making it easy for them to reduce the costs.
Setting Saving Goals
Having a proper plan is critical for successful saving. Without a game plan, the saving efforts will not bear any fruit. It is due to this reason setting saving goals is essential. When one has a goal, it becomes easy to stick to the plan.
Saving for retirement, a child’s education, wedding, business, vacation, home, debt repayment, or a car are all the types of goals that one can set.
Choosing the Right Tools
The tools one chooses to save money play a critical role in the process. There is a multitude of tools that people can choose. Some of these are great for short-term goals, while others are deal with long-term plans.
For short-term plans, savings accounts and certificates of deposit (CD) are the ideal options. On the other hand, IRAs that are FIDC insured, stocks, and mutual funds work wonders for long-term saving goals.
Automatic Savings
A stress-free way to save money every month is to opt for automatic savings. It is a facility that almost all banks offer. It also allows consumers to choose the time and the amount that they want to save. One can even set a portion of every paycheck and even split the income to go directly into a savings account.
Conclusion
Achieving financial stability is a goal of every individual globally, but only a few people can succeed in it. Those who succeed in acquiring the status of ‘financially stable’ have one thing in common; they all save. Even the wealthiest of individuals adopt a practice of saving as it brings one peace of mind with a stable 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.
Most adults end up purchasing a car at some point in their lifetime. Buying a car can be stressful, or it can be made easier if you go shopping for a car with some knowledge. There are mistakes that many people make when buying a car that can easily be avoided if you are aware of them. Here are six mistakes you should avoid when buying a car.
Falling in love with a particular vehicle
Don’t get carried away by your emotions while choosing a car, significantly if it’s going to cost you thousands of dollars. Being or to believe you’re in love with a particular car prevents one from appreciating other vehicles that could have better characteristics or that may even be better suited to your needs.
Always try to search thoroughly, gather information, performance, technical data, security, price, performance, etc. Ask your friends and acquaintances. Being well informed can prevent one from falling into the hands of a seller who has a masterly involvement and ends up embarking with a car that might not be the best for you.
Do not skip the driving test
A driving test is mandatory while choosing a car. Don’t limit yourself to browsing the websites of the agencies or seeing brochures. Being in contact with the car directly will let you have a more objective view. It is a unique opportunity to know if that car that you like so much is the one that best suits your needs.
Today, almost all agencies in Mexico offer you a test drive without commitment. Allow yourself to feel the car, analyzing its interior, finishes, comfort, etc.
Care when negotiating on the list price
Do not use the list price as a reference to negotiating an agreement. A seller can offer you a discount of 5,000 pesos below the list price, and you will think that you are getting a fair offer when in reality, it is not like that.
Unless the vehicle is in high demand and there are few units, you can often get a fair discount on what the dealer paid for the vehicle. Knowing the real cost of the vehicle will allow you to know with certainty how much the margin of profit of the lot or distributor, with it, you will know how to determine a price with which you can negotiate.
Wait to get to the agency to think about financing
Do not wait to reach out to an agency to determine the type of financing you will use since this can make your car a little more expensive. Before going to an agency, give yourself a little time to investigate the finances available with banks and the same agency. Try getting a pre-quote and be careful with those “little letters.”
Do not be guided only by the cost of the monthly payment
Many sales agents love to focus on the average monthly payment when they are in front of a buyer. Almost everyone starts talking about how low the monthly payments are to buy this or that car.
Don’t fall into that trap. It is the first step to be manipulated with numbers and get paid more for your vehicle. Using the monthly price as the main argument, the seller can include it in the “new price of the vehicle.” Factors such as taking your car on account, financing, or leasing, giving you many cushions to offer you a “good price” in a specific option, and raising your gain on the other hand.
Do not buy the offer. Buy the vehicle
In recent times manufacturers have been given the task of offering a wide variety of incentives such as 0% interest rate on financing, cash rebates, and employee discount programs.
These incentives could save you money, but that’s when you should consider that a good discount probably does not justify buying that car. Is it the car you are looking for? Have you handled it?
Buying a new car is never easy; this may not be your first time buying a car, but it is understandable if you are worried. Just make sure you are not missing out on these six points.
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 Revenue Tips to Boost Your Startup Success
Startup revenue tips that actually work focus on diversifying income streams, pricing strategically, managing cash flow with discipline, and maximizing value from existing customers—these proven approaches deliver quick wins while building sustainable growth.
I’ve spent two decades as CEO of Complete Controller working alongside entrepreneurs from every industry imaginable, and if there’s one truth I’ve learned, it’s this: startups that thrive don’t chase vanity metrics—they obsess over revenue fundamentals. The strategies you’ll discover here come from real businesses that transformed their financial futures by making smart, calculated moves anyone can replicate. You’ll master pricing psychology that doubles customer value, learn cash management techniques that prevent the dreaded runway crash, and discover customer retention secrets that turn one-time buyers into profit engines.
What are the essential startup revenue tips for success?
The most effective startup revenue tips are: diversify income streams, implement value-based pricing, manage cash flow religiously, retain and upsell existing customers, and test revenue models continuously
Diversifying income streams creates financial stability by reducing dependence on any single revenue source
Strategic pricing based on customer value perception can increase profits without losing sales volume
Disciplined cash flow management prevents the #1 startup killer—running out of money
Focusing on existing customer growth costs 5-25x less than acquiring new customers
Building multiple revenue streams protects your startup from market volatility while accelerating growth opportunities that single-source businesses miss entirely. Smart diversification means adding complementary income sources that leverage your existing assets and customer base without diluting your core focus.
Start by mapping your current capabilities against potential monetization models. A SaaS startup might add professional services, API licensing, or marketplace commissions. E-commerce brands can layer in subscriptions, digital products, or affiliate partnerships. The goal is finding revenue streams that share operational infrastructure while serving different customer needs or buying patterns.
Subscription models transform one-time sales into predictable monthly revenue
Partnership agreements monetize your audience without additional product development
Premium tiers capture more value from power users who need advanced features
Educational content positions you as an expert while generating passive income
White-label solutions let other brands sell your product under their name
Track each revenue stream’s contribution margin monthly. Kill underperformers quickly and double down on winners. Successful startups typically develop 3-5 solid revenue streams within their first two years.
Master Pricing Psychology for Maximum Startup Profits
Pricing drives profitability more powerfully than any other business lever—yet most startups wildly undercharge, leaving millions on the table. According to research from Accenture, businesses implementing strategic upselling see revenue increases of 10-30% on average, while Harvard Business Review found that effective upselling boosts customer lifetime value by 20%.
Value-based pricing beats cost-plus every time
Stop calculating prices based on your costs plus a markup. Instead, research what outcomes customers achieve using your product, then price based on that value creation. Survey customers about their willingness to pay at different feature levels. Study competitor pricing not to copy, but to find gaps where you can position uniquely.
Price anchoring works wonders—show a premium option first to make standard pricing feel reasonable. Bundle complementary features rather than selling à la carte. Test price points aggressively in early days when customer expectations remain flexible.
Strategic upselling multiplies customer value
Upselling to existing customers proves 68% more cost-effective than acquiring new ones, according to Invesp research. Design your pricing architecture with natural upgrade paths:
Create feature limitations that power users will outgrow
Add usage-based pricing tiers for scaling businesses
Bundle advanced training or priority support at premium levels
Offer annual plans with 15-20% discounts to improve cash flow
Position upgrades as investments in their success, not just feature additions
Financial Discipline Separates Thriving Startups from Failures
Cash flow problems kill 29% of startups—making poor financial management one of the top three failure causes, according to Embroker research. The difference between startups that scale and those that stall often comes down to financial discipline, not product quality.
Control your burn rate like your life depends on it
Calculate your true monthly burn rate including all hidden costs like contractor payments, software subscriptions, and pending tax obligations. Build a dashboard tracking cash runway in months, not dollars. Set burn rate ceilings for each growth stage and refuse to exceed them without corresponding revenue increases.
Cut ruthlessly—every dollar saved extends your runway. Renegotiate vendor contracts quarterly. Eliminate tools with overlapping functionality. Choose contractors over employees until revenue justifies full-time hires. Automate repetitive tasks rather than hiring for them.
Smart funding strategies fuel sustainable growth
Match funding sources to growth stages. Bootstrap through customer revenue initially. Use revenue-based financing for predictable growth capital. Consider strategic investors who bring customers, not just cash. Crowdfunding works for consumer products with strong communities.
Milestone-based funding preserves equity while proving traction
Government grants provide non-dilutive capital for innovative startups
Invoice factoring improves cash flow without traditional loans
Strategic partnerships often include upfront payments or guarantees
Maximize Sales Channels Without Spreading Too Thin
Effective channel strategy means finding the 2-3 paths that deliver the highest-quality customers at the lowest acquisition cost, then optimizing relentlessly. Trying to be everywhere dilutes your efforts and confuses your messaging.
Digital channels drive scalable growth
Your website should convert visitors like a well-trained sales team. Optimize every element—headlines, calls-to-action, social proof, page speed. A/B test continuously. Install chat tools to catch high-intent browsers. Create landing pages for each traffic source with tailored messaging.
Social selling works when you pick one platform and dominate it rather than posting sporadically everywhere. LinkedIn drives B2B sales through thought leadership. Instagram sells lifestyle products through visual storytelling. TikTok reaches younger demographics through entertainment-first content.
Product-led growth reduces acquisition costs
Design your product to sell itself through user experience. Calendly exemplifies this perfectly—growing from $550,000 in seed funding to $70 million in annual recurring revenue by keeping customer acquisition costs near zero. Their freemium model meant every meeting scheduled became a product demonstration, creating viral loops that traditional marketing can’t match.
Key elements of product-led growth:
Free tier generous enough to deliver real value
Viral mechanics built into normal usage
Clear upgrade triggers based on success metrics
Self-service onboarding that requires no human touch
In-product education that increases feature adoption
Harvard Business Review research reveals that acquiring new customers costs 5-25 times more than retaining existing ones. Even more compelling—Bain & Company found that increasing retention rates by just 5% can boost profits by 25% to 95%. Your current customers represent your highest-ROI growth opportunity.
Build systems that create customer wins
Proactive customer success prevents churn before it starts. Map your customer journey from signup through expansion. Identify moments where customers typically struggle or lose momentum. Build automated interventions—educational emails, progress celebrations, usage alerts—that keep customers engaged and advancing.
Track health scores combining usage data, support interactions, and payment history. Reach out to at-risk accounts before they consider leaving. Celebrate customer wins publicly to reinforce value perception and create social proof for prospects.
Revenue expansion through strategic upselling
Existing customers spend 67% more than new customers and purchase 64% more frequently. They’re also 31% more willing to pay premium prices because they already trust your brand. Design expansion opportunities into your customer lifecycle:
Time upgrades when customers hit usage limits
Bundle complementary products at renewal periods
Create exclusive features for long-term customers
Offer success packages combining tools and expertise
Launch customer-only products based on their feedback
Innovation and Experimentation Fuel Continuous Growth
Markets shift. Competitors emerge. Customer needs evolve. Startups that stop experimenting start dying. Build experimentation into your revenue DNA through systematic testing and rapid iteration.
Test new models without risking core business
Allocate 10-20% of resources to revenue experiments. Test new pricing models with small customer segments. Launch minimum viable products to gauge demand. Partner with complementary businesses for joint ventures. The key is failing fast and cheap while scaling what works.
Create hypothesis-driven experiments with clear success metrics. A subscription box company might test corporate gifting. A consulting firm could productize their methodology into courses. A software company might white-label their technology. Document learnings religiously—failed experiments often reveal future opportunities.
Stay ahead through customer-driven innovation
Your customers will tell you exactly how to grow revenue—if you listen systematically. Schedule monthly customer interviews focused on unmet needs. Analyze support tickets for feature requests. Monitor how power users hack your product for unintended uses.
Build feedback loops into every customer touchpoint. Post-purchase surveys reveal pricing sensitivity. Cancellation interviews uncover product gaps. Usage analytics show which features drive retention. Transform these insights into revenue-generating improvements.
Final Thoughts
Building sustainable startup revenue requires balancing bold moves with disciplined execution. I’ve watched hundreds of startups through Complete Controller, and the winners consistently apply these fundamentals while adapting to their unique market dynamics. Start with one strategy that addresses your biggest revenue constraint. Master it before adding complexity.
The path forward is clear: diversify strategically, price for value, manage cash religiously, delight existing customers, and never stop experimenting. Your startup’s financial future depends on the revenue decisions you make today. Ready to accelerate your financial growth with expert guidance? Connect with our team at Complete Controller to transform these insights into your revenue reality.
Frequently Asked Questions About Startup Revenue Tips
What are the quickest ways to boost startup revenue without major investment?
Focus on upselling current customers, implement value-based pricing adjustments, launch referral programs with existing users, optimize your website conversion rate, and add complementary digital products that leverage your existing expertise.
Which revenue model works best for early-stage startups?
The optimal model depends on your product and market, but subscription models provide predictable revenue, freemium drives user acquisition, and hybrid approaches combining multiple models often perform best by capturing different customer segments.
How can startups improve cash flow without external funding?
Accelerate cash collection by offering payment term discounts, require upfront deposits or annual prepayments, negotiate extended payment terms with vendors, automate invoicing and follow-ups, and consider invoice factoring for immediate cash.
Why is customer retention more valuable than acquisition for revenue growth?
Retention costs 5-25 times less than acquisition while existing customers spend 67% more and buy 64% more frequently, making retention improvements the fastest path to profitability—a 5% retention increase can boost profits 25-95%.
What creative revenue strategies work without significant marketing budgets?
Build viral loops into your product design, create strategic partnerships for customer sharing, leverage user-generated content for social proof, develop referral programs with meaningful incentives, and use content marketing to establish thought leadership.
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.
Paying off debts can be stressful, but it can be done without making common mistakes if you go about it intelligently. To successfully manage debts, you need a debt management plan to don’t get out of the limit. Juggle your payments and pay them on time without additional expenses.
Most people don’t think of these issues, and other mistakes don’t let them quickly pay off all debts. If you avoid all of them, you will have a strong financial base with wealth in the future.
Mistakes while paying debts can overwhelm you if you aren’t aware of them or how to avoid them. If you want to enjoy a strong financial future, here are four mistakes you should avoid when paying down debts.
Minimum spending on debt
Commonly, people don’t pay their bills more than the amount that came in emails as per the lender’s requirement. People pay their entire bills, including credit cards, dinner, shopping, utility, etc., on time, but they never pay extra. I am asking you that do you ever pay your student loan extra?
Do you ever save extra money by shopping for restricted items? If these tricks aren’t a part of your practice, you will never pay all your excessive loans till your age of forty. Leave the practice of paying minimum debt or the exact amount mentioned on the bill. Pay all your debts as early as possible. Your future self will thank you when you pay off your debts more than you think.
Lack of debt management plan
Debtors, especially under the age of 22, have no idea about debt management. That’s why they always get in trouble, as they are unaware of multiple debt payment options. Even they don’t know. There is a kind of debt management plan that exists. According to young debt payers, a debt management plan works for those preparing for their retirement.
Thanks to some financial management experts, their suggestions spread awareness about paying off all debts without extra burden. Find a debt management plan, pick the best one, stick to it, and you can make changes when you need it.
As per the specialist’s recommendations, start paying debts that have the smallest balance. This way, you will be a debt-free person before your lender reminds you. Also, don’t forget to find the reasons for having debt freedom for surety. This experience will not only give you financial peace, but you will have extra knowledge about the right way of paying debts.
Lack of emergency fund
Paying off debt is a stressful and tedious task. In many cases, people often don’t have extra money as a backup amount. Perhaps, the core reason for this is the lack of minimum expenses and balancing them for saving and spending both with full peace of mind. Prepare yourself for emergency funds. You will have this amount not to spend on anything. One day will get in trouble or urgency, and you will need some money to fix all financial problems. In such cases, you will need this financial backup a lot. You will also get benefit from these savings when you go deep down into debt. If you can’t pay your debt for any personal reason, you will have at least this backup.
Continuous usage of credit
Suppose you are a credit card user, so I can’t refuse the fact that you have a severe debt payment burden with full clearance. If your credit cards get you into severe trouble as a substantial financial issue, it means you need to learn its proper usage. In such cases, there is a 100% commitment to debt payment. The best way to cope with this problem is to stop using credit cards fast.
But it doesn’t mean you will never be a credit card user, so don’t think of cut all your credit cards. According to a few experts, it is not the proper way. Instead, it would be best to pay off all the debts if you did proper planning for this.
Also, clear all the bill payments that you have to pay sooner or later as you shouldn’t have single stress of credit card payment. Make all adjustments fast, buy new credit cards, and use them with a proper financial plan and management.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
How to Enhance Employee Performance Under Pressure: Strategies That Actually Work
Employee performance under pressure refers to your team’s ability to maintain high-quality work and smart decision-making when facing tight deadlines, heavy workloads, or challenging circumstances. The ability to perform well under pressure separates thriving businesses from those that crumble during critical moments—and according to the American Psychological Association, 77% of workers experience work-related stress that impacts their performance, making this skill more crucial than ever.
Over my 20 years as CEO of Complete Controller, I’ve worked with businesses across every sector imaginable and witnessed firsthand how pressure either breaks teams apart or forges them into something stronger. The difference lies in preparation, mindset, and systems. In this guide, I’ll share the frameworks that transform pressure from a performance killer into a catalyst for excellence. You’ll learn how to build mental flexibility in your team, create communication systems that hold up during chaos, and develop a culture where high-pressure moments become opportunities for growth rather than sources of burnout.
What does it mean to enhance employee performance under pressure?
Employee performance under pressure means maintaining productivity, quality work, and composure during high-stress situations like deadlines, workload spikes, or crises
Mental flexibility allows employees to adapt strategies based on changing circumstances rather than rigidly following one approach
Clear communication protocols prevent confusion and errors when stress levels rise and time is limited
Psychological safety creates an environment where team members can ask for help without fear of judgment
Preparation and planning transform predictable high-pressure periods from scrambles into managed challenges
The Science Behind Pressure and Peak Performance
Most leaders treat pressure as the enemy of good work. Research tells a different story. Studies show that moderate pressure actually enhances performance when employees view challenges as opportunities rather than threats. This phenomenon, known as the Yerkes-Dodson law, explains why some teams excel during product launches while others fall apart.
The key lies in perception. When employees see high-pressure situations as chances to showcase their skills, their brains release different chemicals than when they view pressure as threatening. This shift from threat to challenge mindset unlocks what psychologists call “approach motivation”—the drive to move toward goals rather than away from failure.
At Complete Controller, we discovered this principle during a major system migration. Teams that viewed the project as an exciting challenge to modernize our operations outperformed those who saw it as a stressful disruption by 40%. The difference came down to how leaders framed the situation and supported their teams through the transition.
Building Mental Flexibility: The Modern Alternative to “Toughness”
Traditional advice tells employees to “be mentally tough” and push through pressure. This outdated approach often backfires, leading to rigid thinking and poor decisions. Research on cognitive flexibility shows that individuals who can shift thinking strategies experience significantly lower stress and perform better during high-pressure tasks compared to those who stick rigidly to one approach.
Mental flexibility operates through personal values rather than willpower alone. When team members know what matters most—whether accuracy, speed, collaboration, or client satisfaction—they have a compass for every decision under pressure.
The Three-Step Values Framework:
Identify Core Values – Help each team member articulate their top work priorities. These become decision-making anchors during stressful periods.
Practice Thought Labeling – Train employees to recognize anxious thoughts (“I won’t finish on time”) as mental events, not facts. This creates space between thoughts and actions.
Choose Values-Aligned Actions – When pressure mounts, guide teams to ask: “What would align with my values right now?” This prevents fear-driven reactions.
Strategic Preparation: Your First Line of Defense
Many organizations treat high-pressure periods as surprises, but most are predictable. Tax season, product launches, audit periods, and holiday rushes follow patterns. Smart leaders map these periods and prepare proactively.
Start by identifying your organization’s crunch times:
Quarterly deadlines and reporting periods
Seasonal business cycles unique to your industry
Major project milestones and deliverables
Regulatory compliance dates
Once mapped, implement the Eisenhower Matrix for priority management. This framework divides tasks into four categories: urgent and important (handle immediately), important but not urgent (schedule dedicated time), urgent but not important (delegate or batch), and neither urgent nor important (eliminate).
Three weeks before any known pressure period, conduct a pre-pressure audit:
Review current workloads and identify what can be deferred
Cross-train team members on critical functions
Document key processes to prevent knowledge bottlenecks
Prepare resources like templates, contact lists, and supplies
Communication Systems That Survive the Storm
Communication breakdowns multiply stress and errors during high-pressure periods. Without clear protocols, employees waste time wondering who handles what, when tasks are due, and how to escalate problems.
Essential Communication Protocols:
Daily Standup Structure – During pressure periods, shift from weekly meetings to daily 15-minute standups. Cover only three things: what’s complete, what’s in progress, and what obstacles exist.
Clear Escalation Paths – Every team member should know exactly when and how to raise concerns. Create a simple flowchart: if X happens, tell Y person using Z method. Post this visibly.
Role Clarity Documentation – Before pressure hits, document who owns each decision and deliverable. Update this living document as roles evolve.
Strategic delegation multiplies your team’s capacity during crunch times. Gallup research shows CEOs with strong delegation skills generate 33% more revenue and achieve 112% higher growth rates than those who struggle to delegate. Yet 75% of entrepreneurs find delegation challenging, limiting their company’s potential.
Effective Delegation During Pressure:
Match tasks to individual strengths, not just availability
Provide context about why the work matters
Define clear success criteria
Check progress without micromanaging
The Power of Micro-Goals in High-Pressure Situations
Large projects trigger overwhelm. A looming deadline for a major deliverable feels insurmountable. Breaking that same project into daily micro-goals transforms anxiety into momentum.
Each completed micro-goal releases dopamine, creating psychological wins that fuel continued progress. Teams can track their pace and adjust plans based on real data rather than last-minute panic.
During our busiest tax season, we broke client filings into daily targets: “Complete 50 returns today,” “Review and approve 30 files,” “Address 10 complex cases.” Each day’s accomplishment built confidence for the next, maintaining morale despite the workload.
Leadership Under Pressure: Your Behavior Sets the Standard
Your stress management directly impacts team performance. Research confirms that leader emotions are contagious—when you panic, your team panics. When you model calm problem-solving, your team mirrors that approach.
The Leadership Stress Audit:
First, recognize your stress patterns. Do you become controlling? Withdrawn? Hyperactive? Once you identify your tendencies, you can self-regulate before affecting the team.
Protect your stress capacity by maintaining basics even during crunch periods:
Sleep at least 6 hours (not the 4-hour nights many leaders attempt)
Take regular food breaks with actual nutrition
Step away from your desk every 90 minutes
Use breathing exercises to reset your nervous system
Share your stress management strategies transparently: “I noticed myself getting reactive yesterday, so I took a walk to reset before our meeting.” This vulnerability builds trust and gives employees permission to manage their own stress.
Creating Psychological Safety as a Performance Foundation
Teams with high psychological safety show remarkable statistics: 97% of employees feel a sense of belonging, and 95% agree their employer invests in fair, supportive management. This safety doesn’t directly improve performance—instead, it enables the learning behaviors and team efficacy that drive results.
Psychological safety means employees can admit mistakes, ask questions, and request help without fear of punishment or embarrassment. During pressure periods, this foundation prevents small problems from becoming major crises.
Building Safety Through Action:
Ask regularly: “What would make this easier?” Then act on the feedback
Watch for burnout signals: unusual mistakes, communication withdrawal, physical exhaustion
After intense periods, explicitly encourage recovery time
Celebrate team wins collectively to reinforce belonging
A regional accounting firm struggling with 12% annual turnover implemented these psychological safety principles alongside stress management strategies. They increased base compensation, clarified promotion paths, developed employee-driven culture initiatives, and created reasonable workload limits even during tax season. Results: retention increased by 8%, zero unwanted departures, and smoother operations during their busiest season.
Pre-Performance Rituals That Reduce Pressure
Harvard research reveals that pre-performance rituals significantly reduce anxiety and improve performance, especially when explicitly called “rituals.” The act of ritualizing preparation signals importance and readiness.
Examples that work:
Team huddles reciting collective values before major deadlines
Individual rituals like deep breathing or stretching before high-stakes work
Pre-project meetings reviewing game plans and celebrating readiness
The specific ritual matters less than consistent practice and team buy-in.
Your Action Plan for Pressure-Proof Performance
Enhancing performance under pressure requires systematic change, not motivational speeches. Start with these five actions:
Map your pressure periods – Identify predictable high-stress times and create 6-week advance plans
Train mental flexibility – Dedicate 90 minutes to helping teams identify values and practice thought labeling
Audit communication systems – Test your protocols during normal operations before pressure hits
Model stress management – Demonstrate the behaviors you want: breaks, delegation, transparency
Build psychological safety – Ask for feedback, act on it, and celebrate team accomplishments
Teams that master these principles transform pressure from a performance barrier into a competitive advantage. I’ve watched countless businesses discover their true potential when they stop fighting pressure and start channeling it productively.
Ready to build systems that help your team thrive under any conditions? Complete Controller specializes in creating operational frameworks that support peak performance during your most critical business moments. Visit Complete Controller for expert guidance on building a pressure-proof organization.
Frequently Asked Questions About Employee Performance Under Pressure
How do you improve employee performance under pressure?
Focus on three core strategies: shift mindset from viewing pressure as threatening to seeing it as an opportunity, prepare systematically with clear priorities and delegation plans, and model healthy stress management while building psychological safety so employees feel supported rather than judged.
What factors affect performance under pressure?
Key factors include mental flexibility, clarity of expectations, workload distribution, communication quality, psychological safety culture, leadership behavior modeling, advance preparation, values alignment, and team cohesion. Physical factors like sleep, nutrition, and exercise also play significant roles.
How do you manage stress and perform well under pressure?
Maintain foundational wellness through adequate sleep, nutrition, and movement. Develop mental flexibility tied to your personal values, practice pre-performance rituals to signal readiness, break large projects into micro-goals for momentum, and establish clear communication channels for seeking help when needed.
How does leadership affect employee performance under pressure?
Leadership behavior creates a ripple effect throughout teams. Leaders who manage their own stress effectively, delegate appropriately, maintain open communication, and foster psychological safety enable their teams to perform optimally. Conversely, leaders who panic or become controlling trigger team dysfunction and decreased performance.
What are the best strategies for performing well under pressure?
The most effective strategies include advance preparation with clear prioritization using tools like the Eisenhower Matrix, strategic delegation based on team strengths, breaking projects into micro-goals, developing mental flexibility through values clarification, implementing pre-performance rituals, building psychological safety, maintaining physical wellness, and establishing robust communication systems.
Beverdorf, D.Q., et al. (2012). “Performance Enhancement with Low Stress and Anxiety Modulated by Cognitive Flexibility.” PMC National Center for Biotechnology Information. https://pmc.ncbi.nlm.nih.gov/articles/PMC3182387/
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.
The key figure in an insurance brokerage is the mediator, an independent professional who negotiates the coverage that best suits the policyholder’s needs. The insured’s opinion is clear: they trust brokers more than insurers for personalized attention and the defense of their interests.
The hiring of insurance is not a simple task due to the volume of companies operating in the insurance market and due to the various coverage offered by each of them. Having time to compare and have knowledge of the sector, whether to hire car, health, home, life, death, company, etc. insurance, are two essential requirements to negotiate the type of policy that best suits the needs of each insured.
Having the advice of a person with experience and specific training in insurance matters is the best option to ensure the proper contracting. This professional, known as an insurance mediator, attends a personalized way to the client who processes his policies through an insurance brokerage.
The Term Insurance Brokerage
The term brokerage is less familiar than the insurance company. But those who have had double experience maintain a more favorable opinion towards brokerages than towards insurers. The brokerages arrive to replace those deficiencies that clients find when it comes to taking out insurance. We offer personalized attention; the mediator becomes an advisor: he has the necessary knowledge about the client’s needs, with negotiation capacity, to obtain the best coverage at the lowest price; and always pending maturities”, explains Rubén Rueda.
Insurance Brokerages and Its Importance
Due to lack of time or due to an excess of confidence, negligence once contracted insurance marks the general trend, letting go of the opportunities offered by other companies. Hence the importance that the brokerages are acquiring for their advantages over companies:
Having an insurance mediator is synonymous with guarantee and peace of mind. It acts as an intermediary negotiating the policies that best suit the needs of the client.
Direct and personalized attention. After-sales service is represented to the maximum, represented to the client before any unforeseen event that requires the insurance intervention.
Defense of the interests of the policyholder against the company as mediator acts on behalf of the insured.
The independence of the mediator guarantees the breadth of the offer. Negotiate the best existing coverage in the market.
These conditions are met in the best brokerages, which have a clear vocation of service towards the client.
An example of an insurance brokerage is a brokerage in full expansion, which has a team of more than 160 workers with extensive experience in insurance, acting as an intermediary and ensuring its insured interests. In this case, the brokerage has a relationship with the most relevant insurers, and that is why it can offer more adapted coverage to each client.
For all these facilities discussed for the client and for the personalized attention that insurance brokerages can offer, hiring a policy through a brokerage is becoming the best option, as shown by the opinions and ratings of those who have already tried it.
Why you use Insurance Brokerage?
Insurance companies encourage their clients to direct shopping of insurance and saving money without a mediator. However, an experienced broker can help you get reasonable and useful insurance. He/she also helps in navigating the insurance shopping process that can be your practical choice.
Drop your idea of not hiring a broker as you will not save the money amount as you think. Direct insurance pricing can be more expensive than purchasing insurance through a broker. You can contact the insurance company to hire a broker at lower rates as it accurately assesses the risk. Also, you will select a policy that properly insures you. While evaluating a business, owners buy insurance policies via a professional broker. Meanwhile, you will have a lower risk.
Insurance purchase will smooth and easy due to the broker’s help. You can get their services on the phone or online. They are generally proactive about engaging a client after receiving an initial quote. After an initial consultation, acquiring a fast quote should be more consistent and includes insurance brokerage. As a result, you have a quick response regarding mid-term changes. Suggestions of a well-experienced broker save time and money for the customer as they can handle all aspects of insurance.
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 time ago, it became fashionable to talk about emotional intelligence. Suddenly, the concept of emotional intelligence was introduced into our lives to show how little we knew in the most intelligent way to get closer to our own and other people’s emotions. It turns out that this concept has its equivalent within the business world known as business intelligence.
What is Business Intelligence?
Let’s start from the basic definition and answer the following question: what exactly is business intelligence? Business intelligence refers to a set of processes and technologies dedicated to collecting and fast data (or big data) generated by a company’s management system. All this with a very clear objective: transform this information into knowledge that helps and facilitates decision-making.
Okay, business intelligence may seem a bit more technical and less loving than emotional intelligence. But it is what it is. And therefore, it must be taken into account that this type of intelligence is a complex process that works at very different levels within a company.
To begin with, there is the purely operational level at which the decisions of the different workflows within a business structure will be facilitated. But there is also a tactical level where BI will help chart a near promising future for the company (we’re talking about monthly tactics, for example). And finally, it is also important to consider a strategic level in which what is planned is a long-term future.
When these three levels intertwine harmoniously, it is precisely when business intelligence shows its true (and powerful) colors.
Types of Business Intelligence tools
We have already said it when we have defined the concept that concerns us: BI refers to a whole set of processes and technologies.’ So, in some way or another, the tools become the heart of this concept.
Therefore, the first thing to do is ask: in what areas of your company could a good application of business intelligence be helpful? The answer is obvious: in all of them. We could summarize them in five areas.
Production to collect statistical data such as production lines or inventory turnover.
From logistics to control shipments or orders, for example.
Finances that articulate the big data of a company based on various reports (of expenses, costs, taxes, and the like).
Sales that monitor customer and product data (and, of course, also the profitability of these two parameters).
The possibilities are endless, from marketing to analyzing trends in sales, social networks, and customers to segmenting a company’s potential market.
With all this clear, we could group the tools into three large groups.
Data management tools. These are all the tools that help in the extraction, transformation, transfer, debugging, and standardization of all the big data generated by a specific area of the company (and even all areas and the interrelationships between them).
Data discovery tools. These are the Business Intelligence tools that facilitate collecting and evaluating new data (what in English has long been called data mining and is part of the well-known big data ). The idea is that this new information is compared with the existing one to help in the predictive analysis of the company.
Collecting data (new or existing) in the different workflows of a company is as important as collecting and processing it. That is when the reporting tools come in with which the compiled information is displayed most visually and intuitively possible.
Advantages of a Business Intelligence tool
Returning to the simile with which we opened this article, we will think that if a good emotional intelligence is equivalent to a happier life, an efficient Business Intelligence must be equivalent to happier business life. And the thing is not too misguided.
But let’s spin thinner and talk about the main benefits.
Using business intelligence to centralize all of a company’s data improves efficiency, as it can optimize diverse lines of work and processes.
This type of tool manages the big internal data of a company. It combines it with external sources so that its analysis is deeper, and it is easier to make tactics and predictions for the future.
Being specialized, Business Intelligence tools offer greater depth in the analysis of information.
Having all the data of a company carefully compiled means not only that problems are seen from afar but that it will be much easier to fix them each time they erupt.
In the same way, the information collected is available in a history that can be used to enrich the analysis or find the source of a problem.
Business intelligence takes special care in managing a complete and up-to-date database, which translates into much more efficient customer service. Either through email or another channel.
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.
Do you have a great business idea in mind but don’t have the funds or credit to get financing for your startup? Crowdfunding is an option that more entrepreneurs are turning to for financing their startup. You use the internet as the main source to publicize your project and receive support from potential funders.
When undertaking any business idea that seems viable, you need two types of support:
Technical support
Economical support
Technical support and knowledge are essential since entrepreneurs usually do not have enough experience to carry out their project without the corresponding legal, technological or strategic support. Therefore, they must resort to incubators and business accelerators or partner with another company or entrepreneur with such experience.
On the other hand, support in economic terms is essential to carry the project forward. Initially, it is necessary to have a sufficient economic cushion to face the payments during the first months of the business and then remain stable. To cover this first stage, there are many traditional financing options. However, it is not always easy to access them.
Both aspects are important, but the most difficult to achieve is sufficient capital to carry the project forward.
Together we make a great team
You have thought out your business. Then you have to estimate the money you will need to carry it out before launching it. One way to go about it is to go on the internet and ask people interested in investing in your idea. Is something like this possible? With crowdfunding, YES!
Crowdfunding means a system based on the idea that many people cooperate to support one project by providing the finance needed to run the project.
It is a young and fast-growing industry that is changing how people manage and spend their money. It also has brought a revolution in the ways with which startups raise capital.
The Global Crowdfunding Report by Massolution predicts crowdfunding to become an industry worth $300 billion by 2025, estimating a compound annual growth rate of 100 percent in the short term.
Five keys to presenting an attractive crowdfunding project
Now that you know about crowdfunding, let’s look at some tips to help you make your project presentation attractive.
Choose a well-thought-out project: You should always study the possibilities that come with your idea, explore all the financial projections, and consider both the best and worst cases. If you believe you can consider crowdfunding, then go to step 2.
Make an excellent presentation: Once you decide on crowdfunding, you must create a good presentation to make yourself known on the web. Do not forget that you are offering something that doesn’t exist, so you need to be creative and build credibility.
Select a crowdfunding platform: Think about the most appropriate crowdfunding model according to your idea and select the platform according to your needs.
Diffusion and more diffusion: Use your friends’ influence and anyone who can prove helpful in giving your project increased visibility in your close circle.
Update yourself constantly: Remember to report on your project while the campaign is running. Comment through your media about how the collection is going so that more people are interested in continuing to support you. Do this exercise for as long as the project is published.
What do funders earn?
So far, everything looks perfect. But it is crucial to consider what your investors will earn.
This varies from project to project. It is always smart to know what you are offering to people who finance your project. It will be a very important decision, and there are several possibilities:
– Crowdfunding through donations: The funder who financially supports a project through donations does so without any self-benefit, not expecting a return.
-Person-to-person loan: A system in which a business returns the investment to the investor within a set period and with an interest charge.
-Participation in the capital: under this system, the financier becomes a shareholder of the company. This type of crowdfunding is the one with the greatest potential to finance startups.
-Rewards: in this case, you request the money in exchange for the final product as an advance sale. It can also be a gesture, such as a thank you letter, a meal out, a product that the company will create with the requested funding, etc.
Conclusion
Crowdfunding is an equal and democratic opportunity for all kinds of people to fulfill their dreams of creating new projects or companies. Now there are no excuses for not carrying out your business idea.
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.
