Author: Jennifer Brazer

In recent years, the accounting sector has been shaken by many changes: dematerialization, increased competition, and companies’ new expectations. The profession of a commissioned accountant has thus had to reinvent itself to sustain its performance. Here is what is expected from a commissioned accountant.

The Role of Financial Advisor

The commissioned accountant’s role has always been to support business leaders in their company’s financial operations and daily management. Here are some of the duties that are expected of the commissioned accountant when working with a client.

• Advises entrepreneurs on legal status
• Guide managers on social status
• Support managers in optimizing their taxes
• Help in managing the company’s finances
• Ensure accounting management
• Performs contractual audits

This list is far from exhaustive and will be extended according to the needs of the specific business. In addition to these primary duties, accountants are increasingly confronted with the digital economy and information exchange scope. Guarantors of corporate financial information must now educate their customers on the security of financial data and the storage and preservation of accounting documents.

Creation and Implementation of Accounting Systems

To adapt to current technological advances, the commissioned accountant must expand their services and offload all the tedious and time-consuming tasks to bring real added value to their customers.

• Offer advice promptly
• Be proactive in meeting the needs of leaders
• Identify the most suitable accounting and administrative organization for the company
• Set up management tools to facilitate exchanges with its customers
• Respect the formalities linked to the new accounting obligations
• Offer customers the possibility of having reliable tools that comply with the law

The commissioned accountant must keep regularly informed of news related to the accounting industry to protect their clients’ interests. They should also keep themselves upon additional support they can provide clients in addition to accounting. Beyond providing current advice, accountants must now deliver cutting-edge expertise in line with everyday reality. All the more so in this period of crisis and a rapidly changing world, they must position themselves alongside entrepreneurs as partners on whom they can count.

What are the formalities for setting up your accounting firm?

To open your practice, you must first find a room, the best possible location like a city center. You must ensure proper management of your budget to be able to support the office rental and expenses. Joining up makes it easier to manage the firm’s costs incurred at the start of the activity. You can continue your project alone when you have won your customers’ loyalty and acquired the necessary funds.

If you go into business by yourself, you will have more work, but you will have the advantage of being your boss. If you are in a partnership, the work will be shared, but it will be necessary to generate many clients to compensate all the partners.

Whatever your situation, the company’s legal form most suited to the practice of commissioned accountant activity is the limited liability company. This is justified by a more advantageous tax system for this type of business. You can choose to be a generalist or a specialist. The second option will be more suitable if you operate in a big city. On the other hand, in less populated regions, it is better to opt for general practice.

If you have the necessary funds, you can take over a former colleague’s clientele, which will allow you to start your business quickly with immediate financial compensation. On the other hand, if you start your business from scratch, you will have to obtain your first clients. You have several options for finding potential clients. 

You can contact large firms and offer work for them as a subcontractor. You can also use platform services connecting experts and business leaders, which quickly generates contacts through networking. You should also think about having your website well referenced with a blog section to promote your expertise.

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.

All over the world, two types of tasks are being performed by banks. Although the functionalities and operations of investment banks and commercial banks are different, their contribution to the country’s economic growth cannot be ignored. Contemporary, financial, and economic development has led to an increase in competitiveness amongst the business sector. The investment banking sector faces numerous challenges while providing their financial services. On a micro and macro level, the competition among investment banks has been heightened, and the investment banking sector will face significant challenges.

Investment banking comprises money and securities trading, where they assist their potential investors in investing their money properly, at the right time, and in the right manner. These banks play a pivotal role in supporting companies, corporate organizations, and individuals in the US to raise capital for making investments in products or services they wish to bring to the market.

Investment banks are known for helping their investors to manage their finances. Investment banking staff supports investors to invest their money in a selected market distinct from commercial banks indirectly. They also guarantee an optimal return on their securities. However, the main activity of an investment bank is to provide viable advice to their customers. At the same time, the customers are also known as investors for investing their money properly through trading on bonds.

Another activity being performed by investment banking includes the sale of companies’ bonds and shares with the specific purpose of raising funds and capital for corporations, companies, governments, and individual persons. This duty is being performed by investment banking to support the corporations to raise enough capital that enables them to execute their projects and help businesses to acquire new properties. On the other hand, they also support corporate entities to buy shares that are believed to have good value for the business. In this regard, banks usually have a standby buyer to whom they would make a higher bargain. Investment banks usually act as a stockbroker when it comes to the selling and buying of shares. It is recognized that these securities, when traded between entities, could help the companies to raise more capital for their businesses.

Investment banking is referred to as a set of “all functions of a bank” that helps to enhance trading at financial markets. It is commonly mentioned in the academic literature that all such services are being comprised by investment banking.

The banking sector is becoming more accessible, expedient, and broader in terms of the scope of services. However, investment banking plays a significant role in the development of the banking sector. In contemporary mixed economies, both large organizations and governments rely largely on investment banking to raise their funds. Therefore, it can be stated that the main purpose of investment banking is to raise capital funding for the companies and to enhance the overall economic activity level.

Investment banking plays an important role in the economy, as well as the society of a country. The banking sector of the US is fragmented and offers significant financial and economic services. The investment banking sector has become an important financial center.

It is reported that the US investment banks are helping boost the economy of commercial and private sectors of society. At the same time, they establish more opportunities for individuals who are employed or unemployed. In addition to this, the banks also enable the organizations to raise their capital and to increase their profits. In the US society, investment banking helps to enhance financial security from possible economic dropdowns. Therefore, it can be stated that every country that wants to enhance its economic level, and every economy that wants to increase its financial status, must require the services of an efficient investment banking sector.

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.

Risk is in almost everything we do in life that is worthwhile. We take risks in relationships, investments, work, and even in our environment. This facing of risk means that when we start a business, we will take risks that must be taken for the business to succeed. While these risks could also doom the business to failure, they are risks you have to take if you want to have the chance for your business to succeed. Here are four business risks that every owner must take when starting and running a business.

Financial Risk

While every business could be considered a financial risk for its shareholders, it is the highest risk at startup and initial investment. It has no financial track record to show returns. Financial risks can range from the products or services the company offers, risking a disconnect or failure with customers to unforeseen disasters that can devastate a business in the beginning stages of operations. The financial risks a small or startup business faces are many, but the rewards can be significant even beyond profits if the risks are managed.

Reputation Risk

When owning a small business, you automatically take on risk to your reputation. These risks extend once you start the business to its reputation separated from you as the owner. Understanding that you and your business reputation can affect the success or failure of the company is essential. The management of the risks on your reputation is made more difficult in our digital world, where feedback, both positive and negative, can be given within minutes of experience. Social media has made information and the sharing of it instant and, in some cases, viral. As a small business owner, this is another risk with high satisfaction reward if you take it on and understand that you can minimize this risk by awareness and being proactive.

Security risk

Anyone that is on the internet is taking a security risk. This risk is particularly daunting for small or startup business owners. A single cyber-attack could potentially destroy a company in a fell swoop. Understanding security risks for both the brick and mortar business and online business gives you an advantage when it comes to protecting against them. If you are unsure how to protect against cyber-attacks through software and protocols, it would be prudent to hire someone to safeguard your professional system. Some professionals deal with security at the brick and mortar business front as well. While security risks are common, they can also be minimized by taking proactive measures.

Investment Risk

Risks in investments made by the business are the same as individual risks made in investments. If the business makes investments in stocks or other businesses, it is the business that takes the hit if there is a failure or downturn. Before making investments in the business name, you as the business owner must understand the risks versus the rewards and make investment decisions based on the business’s tolerance to take a hit. Most of the business risks should be in the business itself rather than outside investments until it is profitable and productive.

Conclusion

A small business owner needs to be prepared to deal with all types of business risks and trials. While these risks may seem overwhelming or even too risky, if you are informed of the risks and understand them and how to manage them, they should not hinder you from having your dream of owning and operating your own business.  Every business owner has to face risks in life and finances. Managing risks and using your understanding will guide you in making sound financial decisions that will help you succeed in business and life.

 

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.

Only a few real estate investments can generate returns of 4% or more. Here are three possible investment solutions, but make note that they should be carried out as diversification.

Rental investment comes in different forms. Everything will depend on the down payment, the type of property chosen (new or old), and the tax system. Here are three examples of investments that can generate higher rental income than traditional renting.

Parking lots

A parking lot is a real estate investment that would offer and ticket the most accessible entrance depending on the city and the neighborhood. 

For these small transaction amounts, notary fees are high. Also, to amortize them, the possession of this property must be long-timer. Also, “to make a winning investment, it is better to buy several lots in the same place. Having a single address facilitates rental management, simpler than that of a home. In a parking lot, there is no maintenance or repair work to be done, ” says Benjamin Spivac, heritage engineer at the Amplegest management company. Another tip: to boost profitability, it is better to target a box. “The rent can be 10 to 20% higher than that of a simple underground location,” says Mathieu Mars, director of the Heritage Institute.

However, the profitability can remain an unknown in the long-term: what about the car’s place in the city? If the disappearance of parking places on public roads is a reality, private vehicles’ presence could be threatened in the not-too-distant future. Some city dwellers already prefer not to own a vehicle (and therefore do not need a garage). If necessary, they do not hesitate to rent or share a vehicle. If this phenomenon persists and increases, the garage may be less popular. Its value could then fall, like its rent. On the other hand, higher street parking rates, such as fines, could drive up prices.

Furnished rental

The furnished rental allows rental income from 10 to 20% more than the same property unfurnished. This is not unfavorable for those who want to pursue a profit quickly.

Still, to offer a furnished apartment likely to appeal to tenants (often single people or couples), we must consider all aspects of a furnished property. First, small and medium-sized areas are the most popular, especially in central and/or residential areas. Then, the equipment of the house must be complete and irreproachable.

Admittedly the law of July 31, 2015, has established a list of minimum furniture items that must be provided. Still, it is better to go above and beyond and offer occupants the maximum comfort and services possible. These assets will help your property stand out from the growing competition in this rental niche.

To boost profitability, some owners of supermarkets downtown or close to facilities can advertise their location and proximity to different rental properties. The sum of rents paid by roommates will always be 10 to 15% higher than the rent paid for the same area by a single tenant. This type of tenancy in the former allows a taxpayer to adopt the tax status of a “non-professional furnished renter” (LMNP) to generate non-taxed income for several years and compensate for depreciation.

The residence services

Investing in an apartment located in a residence helps to generate regular income. All residence owners sign a minimum lease of nine years with a professional responsible for rental management.

Salespeople who praise these operations’ charms insist that rents are paid on a fixed date, even if the rental housing complex is not fully occupied. Depending on the type of residence, the numbers are tempting: 3.8% for a senior residence apartment and nearly 4% for a room in a student residence. Again, budgets differ according to the property purchased. 

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.

By: Jennifer Brazer

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.

Fact Checked By: Brittany McMillen

4 Time Management Strategies That Will Transform Your Business Productivity

The clock glared at me—3:27 PM—and I was still knee-deep in emails, half-finished tasks, and a to-do list that looked more like a novel than a plan. It wasn’t that I lacked motivation—I just lost control of my time. Sound familiar? If you’re running a business, time isn’t just money—it’s your sharpest competitive edge. And if you don’t manage it well, productivity slips, decisions stall, and burnout creeps in. Let’s fix that today. I’ll walk you through four proven time management strategies that can help you reclaim focus, energy, and results—starting right now.

Key Takeaways

• Prioritize tasks using methods like the Eisenhower Matrix to focus on what actually moves the needle
• Break work into focused blocks using Timeboxing to avoid burnout and multitasking traps
• Use digital collaboration tools to boost team productivity and reduce communication overload
• Build smarter daily schedules that include breaks to protect energy and avoid burnout
• Stop procrastination in its tracks with daily planning and distraction-control apps
• Incorporate automation tools to reduce manual tasks and free up mental space

Understanding Time Management in Business

Time management isn’t about squeezing more into your day. It’s about making space for what truly matters. When you’re leading a business or a team, your ability to manage time affects everything—from project outcomes to employee morale.

It starts with awareness. Ask yourself: When during the day are you most alert and focused? That’s your productivity prime time. The more important your task, the more it deserves that time slot.

You also need to minimize distractions—calendar clutter, constant pings, endless meetings. Focus is your fuel. Protect it like a hawk.

Recent research reveals a shocking reality: nearly 80% of individuals lack a formalized task management framework, leading to significant time sinkholes from unstructured workflows. I’ve seen this firsthand with clients who come to Complete Controller overwhelmed by the chaos of their business operations.

Prioritization Methods for Enhanced Productivity

Imagine trying to put out every fire at once. You’d burn out. That’s why prioritization is step one.

I recommend the Eisenhower Matrix—a brilliantly simple tool. You divide tasks into four buckets:

1. Urgent and Important – Do it now
2. Important but Not Urgent – Schedule it
3. Urgent but Not Important – Delegate it
4. Not Urgent, Not Important – Delete it

Most of us are stuck putting out #3 tasks all day—emails, notifications, last-minute requests. That’s mismanagement.

In my 20+ years running Complete Controller, I’ve learned that effective prioritization methods aren’t just nice-to-have—they’re essential for business survival. Try using Slack’s Workflow Builder to automate recurring tasks and reduce time spent manually sorting through requests. It’s a small shift that delivers big control.

Timeboxing: Your Secret to Sustainable Focus

Timeboxing changed how I work. Seriously.

It’s simple: you assign each task a fixed time on your calendar—block it in like an appointment. No bleeding over. No multitasking. Your job is to handle that one task in that one box.

Here’s how to do it right:

• Start with your top 3 priorities daily
• Block 45 to 90 minutes per task with buffer time
• Set “hard edges” — if the box ends, you stop
• Reward yourself with a break or dopamine hit (coffee counts)

Need to break a big project down? Timeboxing handles that too—each task becomes a mini-mission. Bonus: It fights overwhelm automatically.

According to recent studies, time blocking techniques can help individuals recapture up to two hours of productivity by planning just 10 minutes a day. This isn’t theory—it’s a proven approach backed by research and my personal experience building Complete Controller from scratch.

Effective Scheduling for Business Goals

Your calendar isn’t a dumping ground. It’s a strategy map.

The best leaders I’ve worked with treat scheduling as sacred. They include:

• Time for deep work
• Team huddles and reviews
• Buffer periods for fires and feedback
• Breaks to recharge (non-negotiable)

Don’t book your full day—leave about 25% open. Things run late. Surprises happen. Overcommitting is productivity’s silent killer.

And here’s a mindset shift: Schedule your life, not just your work. A daily walk, tech-free time, or a hard stop at 6 PM isn’t a luxury—it’s fuel.

When I was building Complete Controller, I learned the hard way that maintaining work-life balance isn’t optional—it’s critical to sustained success. Without it, decision quality drops and creativity vanishes.

Collaborative Tools for Enhanced Team Productivity

You’ve got a team. But does your team have flow?

If tasks are spread across emails, spreadsheets, whiteboards, and memory—congrats, you’ve invented chaos.

Modern collaboration tools for time management like Basecamp, Microsoft Outlook, or even Notion centralize communication, deadlines, and files. That means:

• Fewer missed details
• Less time searching for info
• Clearer accountability

Companies that use collaboration tech report up to 30% productivity boosts. That’s not fluff—that’s focus.

At Complete Controller, we’ve implemented a suite of mobile tools for time management that keep our team connected and efficient no matter where they work. Effective communication through these tools has increased our team productivity by up to 25%, according to our internal metrics.

These tools integrate with your calendar and other platforms, letting you automate updates and remove dead weight from your timelines.

Overcoming Procrastination with Daily Planning Tips

We all put stuff off. It’s not laziness—it’s a clarity issue.

Here’s how to fix it fast:

• Start your day by listing 3 tasks, not 30
• Identify “friction” — what’s stopping you? Fear? Confusion? Perfectionism?
• Use an app like RescueTime or Forest to block digital distractions
• Do 20 minutes first. Often, starting kills resistance

Planning daily gives structure. Momentum builds. Resistance fades. You’ll get more done by noon than most people do all day.

Achieving Work-Life Balance through Time Management

You can’t perform at your best if you’re always red-lining.

Work-life balance isn’t a myth—it’s a math problem. And the answer lies in how you block your time.

Tips that work:

• Set a non-negotiable end-of-workday (and actually log off)
• Build “white space” into your day for movement or mental reset
• Pre-schedule personal priorities like workouts or family time

Neglect your personal time now, and future-you will pay in energy, stress, and missed opportunity. All great performance starts with recovery.

Real-World Case Study:
Time Management at Complete Controller

Complete Controller didn’t become a standout firm in cloud accounting by chance—we engineered productivity into our DNA.

Our company implemented:

• Prioritization across departments using frameworks like Eisenhower
• Smart automation for repeated tasks (think bookkeeping, reminders, client onboarding)
• Transparent internal communication using file-sharing and real-time updates

These systems didn’t just cut wasted hours—they increased client satisfaction by keeping our teams lean, responsive, and focused on results.

Incorporating Tools for Time Management

Don’t manage time manually—arm yourself.

I use the Pomodoro Technique when my brain starts wandering. Work for 25 minutes, break for 5. It’s a cheat code for deep work.

When it comes to SEO and marketing management, tools like Ahrefs or SEMrush automate audits, keyword tracking, and reporting. That frees up precious hours weekly.

And if you’re drowning in back-and-forths? Tools like Calendly or Motion.ai can streamline scheduling and task assignment.

Moving to paperless systems has been a game-changer for how we improve time management skills at Complete Controller. Automating tasks has freed up mental space and reduced manual work, leading to a measurable productivity boost across all departments.

Conclusion

Time isn’t just a resource. It’s your most non-renewable asset. When you apply these time management strategies—prioritize, timebox, schedule smart, collaborate better—you stop surviving the workday and start owning it.

I challenge you to try just one of these techniques this week and track the changes. You might be surprised at how quickly stress drops and productivity climbs.

Want to see what measurable, business-wide time mastery looks like in action? Head over to Complete Controller and explore how we’re leveraging time management to succeed.

👉 Visit Complete Controller to see time management at scale!

FAQ

What are the 4 D’s of time management?

The 4 D’s of time management are Do, Defer, Delegate, and Delete. “Do” means handling important and urgent tasks immediately. “Defer” involves scheduling important but not urgent tasks for later. “Delegate” means assigning urgent but not important tasks to others. “Delete” is eliminating tasks that are neither urgent nor important.

How does the Eisenhower Matrix work for business owners?

The Eisenhower Matrix helps business owners categorize tasks into four quadrants based on urgency and importance. Tasks that are both urgent and important get immediate attention. Important but not urgent tasks get scheduled. Urgent but not important tasks get delegated. Tasks that are neither urgent nor important get eliminated. This system helps business owners focus on high-value activities that drive results.

What tools are most effective for time management in small businesses?

The most effective time management tools for small businesses include project management software like Asana or Trello, calendar apps with time blocking features like Google Calendar or Microsoft Outlook, automation tools like Zapier, communication platforms like Slack, and time tracking apps like Toggl or RescueTime. The best tool depends on your specific business needs and workflow.

How much time can effective time management save a business owner?

Effective time management can save business owners anywhere from 5 to 20 hours per week. Studies show that implementing structured workflows and prioritization systems can reclaim up to 2 hours daily. For business owners specifically, eliminating low-value tasks and focusing on strategic priorities can free up 25-30% of their working time.

How does poor time management affect business profitability?

A: Poor time management directly impacts business profitability through missed opportunities, inefficient resource allocation, increased labor costs, missed deadlines, lower quality work, and employee burnout. When business owners can’t prioritize effectively, they often focus on urgent but low-value tasks instead of strategic growth initiatives, resulting in stagnant revenue and increased operational costs.

Sources

• BeOnBoard. (2024). Time Management Statistics And Facts in 2025. URL: https://beonboard.com/time-management-statistics
• Clockify. (2025). Time Management Statistics Everyone Should Know in 2025. URL: https://clockify.me/time-management-statistics
• Complete Controller. Time Management Case Study. URL: https://completecontroller.com
• Cortada, James W. (2008). IBM: The Making of the Common View.
• Covey, Stephen. (1989). The 7 Habits of Highly Effective People.
• Harvard Business Review. (2021). Boost Your Productivity with Timeboxing. URL: https://hbr.org/2021/10/boost-your-productivity-with-timeboxing
• Mayo Clinic. (n.d.). Work-Life Balance: Tips to Reclaim Control. URL: https://www.mayoclinic.org/healthy-lifestyle/adult-health/in-depth/work-life-balance/art-20048134
• McKinsey & Company. (n.d.). The Social Economy. URL: https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/the-social-economy
• Meyer, Paul J. (1989). The Art of Time Management.
• Complete Controller. Efficient Business Finance Management. URL: https://www.completecontroller.com/efficient-business-finance-management/
• Complete Controller. Mobile Business Management Apps. URL: https://www.completecontroller.com/mobile-business-management-apps/
• Complete Controller. Efficient Paperless Office Solutions. URL: https://www.completecontroller.com/efficient-paperless-office-solutions/

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.

To achieve complete sustainability development in the real estate industry, there is a need to distribute the natural capital that provides equitable solutions. Natural resources that are used in real estate can be categorized as either renewable or non-renewable. Renewable resources include woods, and non-renewable resources can include soil quality. As renewable resources can be generated easily, the focus should be given towards non-renewable resources for their sustainability. Ecosystem-related services like forestation and smart and efficient resource allocation will contribute positively to sustainability development.

Three elements are to be focused on for the sustainability concept to be promoted. The basic elements of economic elements, environmental elements, and social elements form the “Triple Bottom Line (TBL)” concept. Concerning the development in urban areas, the concept of sustainable development is highlighted by focusing on these three TBL elements. There are standard frameworks suggested by many authors, which are relevant to sustainable development. All frameworks reflect strategies that can be monitored and followed as a part of sustainable development. Every strategy is viewed from different perspectives, including the economy’s overall growth, social justice, economic prospect, income impartiality, and protection of the environment.

Though there are some strategies, there is still a need for an experimental study regarding the context of these strategies to be implemented in developed countries’ industries. The requirement of achieving the sustainable development goals must be identified by the real estate business based on the content of current policies and the necessary conditions to make use of resources more efficiently. Developed countries have made sustainability a part of their development policies and are promoting strategies that encourage growth and development of the economy while simultaneously assuring the communities’ current and future needs are met.

The Triple Bottom Line elements are linked strongly as they meet all the challenges regarding sustainable development. There is a need to understand in detail the inter-linked relation of all three elements. Theorists proposed a partial integration since challenges exist regarding boundary lines of shear zones of the three TBL elements. At the cut-off points of the three elements, there is a problem relevant to achieving social and environmental justice. The reason behind the environmental burden is an uneven distribution of the population.

Real estate investments utilize additional energy more than any other industry of the economy. Thus, the real estate business is a contributor to CO₂ emission. Measuring radiations is complicated, but according to reports, estimation shows that real estate businesses contribute to the emission of CO₂. Real estate uses up around 40% of global energy per year. Globally, 20% of greenhouse gases (GHG) emitted are from buildings and factories. The expected rise in CO₂ emission by 2030 is 56%. By 2030, the expected rise in the global GHG emission is 7%. The raw materials used by buildings and construction are around 40%, making 3 billion tons per year. Construction also significantly impacts environmental factors; for instance, there is an expected utilization of 12% fresh water and 30% generation of total waste by 2030.

Eco-Efficiency is the term used by the business industry to define a typical approach of businesses towards sustainable development. All other approaches include the efficient use of energy, water, and resources to sustain and save. Socio-Efficiency can either positively or negatively impact an area because of accidents in the work-related environment or by the violation of workers’ rights. Reduction in Ecological degradation is necessary when the focus is on efficiently using resources for sustainable development. It is all termed as eco-efficient or eco-efficiency. For example, in transportation, there should be the use of fuel-efficient cars. The more a fuel-efficient car is used, the more demand for more cars on the road saves environmental pollution and fuel resources. Thus, Eco-Effectiveness is vital because it is focused on the absolute levels such as a reduction in total carbon dioxide emission. Sufficiency is a term that is defined as a situation when individuals make a choice not to promote unnecessary degradation in the environment. For instance, one can buy a luxury car, but the individual prefers to buy a car with low fuel consumption to promote sustainable development.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-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.

Being single is soulful. You have no commitments, and you can do whatever you want without being accountable to anyone. In this time of freedom, the best thing you can do is to learn from personal finances to plan the future you want.

For this, we give you some incredible tips that you can start using today. But first, let us see what we are facing. Just as there are advantages to being single, there are also some disadvantages.

Singles manage their money as they want. They decide on what and how much they want to spend; if they are not careful, they can acquire debts. They have the opportunity to devote more time to their training and professional development. They value their work and feel a great passion for him.

Ten Financial Tips for Singles

Singles are at the best time to create financial stability; this will require a bit of effort, which you will appreciate over time. Though going on trips every other month might feel like an ideal idea, there are ways you can achieve your dreams. Yet, to get your dreams to come to life, working hard is essential, and it will require efforts from your side.

Save for Your Retirement

It is the number one point since a good portion of people leave this for last, thinking that there is still time left. The reality is that time goes by quickly, and it is better to be prepared. Also, the more years you spend, the more money you have to put into your income. So, open a savings account and deposit a fixed amount monthly. Do not touch that money. You can have other accounts to meet different goals.

Start Your Credit History

The credit history is your financial profile in which your financial and business behaviors are reflected. Paradoxically, to get a loan to buy a car or a house, you must have good credit.

Therefore, you must first obtain a job or generate regular income. Secondly, you must pay on time for services such as telephone, internet, television and taxes (this will demonstrate your ability to pay) and third we recommend you have credit cards. Many lenders see a good credit history as financial stability.

Buy a House

While you can get a mortgage loan, it can be low and with a high-interest rate due to your credit history; the best option will always be to save and invest in a small house or apartment. That way, if you start renting in the future, you will have extra income.

Hire a Major Medical Expenses Insurance

With medical insurance, you will avoid falling into bankruptcy in the event of an accident or illness. It will also be easier for you to save for this if you still do not have children and you are young.

Create an Emergency Fund

A study by the magazine “Money” estimates that 78% of people will have an adverse event in 10 years. You can be prepared for the bad times by creating a fund for emergencies, which is simply savings that are ready to be used in case things go wrong. You should have 3 to 6 months of the basics you need to survive in that time, and so you do not have to ask for a loan or acquire debt.

Summing Up

Finance issues can drain all our dreams. Although we spend our lives saving for the wishes we want to fulfill, we hardly get to fulfill them. While these unfulfilled dreams drain us, it is always a great idea to turn them into a reality. And, if it so happens that you’re single today, now is the time to work on your finances to enjoy later in your life.

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

The term “Narcissism” is a personality disorder, which the American Psychiatric Association defines as a sense of ‘a pervasive pattern of grandiosity, need for admiration and lack of empathy.’ The disorder of narcissism is found to be prevalent in highly successful people at different organizational levels contributing to negative organizational culture. A narcissistic approach instills a sense of entitlement that is responsible for interpersonal exploitation and showing apathy towards others. Narcissist behavior is a result of an employee’s preoccupation with the idea of achieving autonomy in their profession.

The difficult employees are those that are the most temperamental, i.e., they are busy back-biting, criticizing, and bullying others. The idea behind the exhibition of such negative traits is the achievement of self-entitlement. Hence, these employees are termed as ‘difficult’ as they are involved in creating incivility at the workplace and are norm violators. The violation of ethical norms and policies in an organization is highly resistant to developing a culture of cooperation and mutual understanding. The difficult employees, as per definition, are not only limited to mid-management levels but are also seen in leadership positions. The difficult employees at leadership positions are more troublesome as they act as a very strong disruptive force in building a community-culture, thereby lowering the organizational performance. However, regardless of the position of the employee in the management cadre, every difficult employee offers resistance in the achievement of organizational objectives. This resistance offered by the narcissist employee creates a barrier in teamwork and elevating stress in the workplace environment.

The growing need to use wide-spread workgroups by contemporary organizations has increased the demand for effective team building. Therefore, increased emphasis is being placed on the ingraining of citizenship behavior and positive influences within the organization to successfully manage different workgroups. Recent research studies have been specifically targeted to define and control the emotional tone of a workplace to avoid conflict and aggravation of negative personality traits. It is suggested that community-centered organizational models implemented experience less toxic behavior and healthy organizational culture. It is suggested that the phenomenon of narcissism at the workplace exhibited by leadership and at different levels of hierarchy is a reason for a toxic environment and negative organizational performance.

It is revealed that an employee’s uncensored behavior at any organizational level and overly demanding bosses can contribute to workplace toxicity. Further, leadership narcissism may cause increased employee turnover as the employees are treated as financial liabilities, and bosses are prone to exhibit unethical behaviors. Narcissist employees tend to exhibit self-centered behavior and focus more on self-gratification at work. Therefore, in their pursuit of climbing the success ladder, such employees may cause bullying and exploitation. This exploitation may reach the level of abuse and violating the rights of other employees.

Hence, the idea of community building in contemporary organizations is a far cry in a negative organizational culture. The concept of community building in an organization refers to the transformation of one’s skills into a cohesive entity, manifesting a diversified set of skills. In order to build a community culture, it is important to assemble teams containing mutually supportive individuals and make policies that are fair and unrestricted to improvements.

It is observed that employees’ narcissistic behavior leads them to exercise performances that are directed to achieve their hidden motives of achieving self-success. Hence, the consequent unethical actions taken by a narcissist for achieving their selfish motives may cause a negative impact on the performance of the organization. The organization may face increase employee turnover due to an unfair and illegitimate workplace climate.

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.

One of the most major financial commitments in someone’s life is purchasing a home. As with any major purchase, there are some hindrances. Some may be struggling with the decision of owning a home versus renting. In both cases, you must be alert and make a well-thought-out decision. Many people struggle to become homeowners and spend much of their lives renting. For these individuals, owning a home is a big leap. Multiple socioeconomic factors contribute to the market rates of homeownership. Every home purchase comes with personal interests that must be deliberated. Additionally, the cost may change from market to market.

Many individuals prefer to rent compared to buying a house, but each comes with its’ own advantages and disadvantages. We will discuss these pros and cons while also resolving any confusion regarding real estate investment. Consider our research and choose the option that works with your lifestyle.

Benefits of house purchase

Mortgage establish equity

There is a famous concept that implies that paying rent is a waste of time. It contributes nothing to your financial wellness. Many Americans pay monthly rent after signing the contract of property sharing with the homeowner. If you change your residency in the middle of your lease, you must repay your rent, often with interest. This creates the chance to fall into debt. On the other hand, a mortgage includes a down payment and principal amount. All expenses are equal to the rate of homeownership. This will not only establish your mortgage equity but also remove the tension of monthly rent.

Renovation under your responsibility

When renting a property, any renovations are the responsibility of the landlord. While appealing, this “pro” comes with its’ own limitations. In most cases, the renter cannot even pin a poster on the wall without the home owner’s permission. Conversely, renovations increase the expenses of the property owner. However, home improvements may increase the home’s value, a benefit that you cannot enjoy while renting.

Disadvantages of house purchase

Too many hindrances

Purchasing a home does come with some hindrances, such as being locked into a mortgage. Selling your home if you decide to move can be quite a hassle. Essentially, you have less freedom to change your residence when owning a home. Additionally, a mortgage payment may be a hindrance for some, particularly when undergoing financial difficulties. Also, loan default restriction can be another issue for homeowners. You typically must have a fixed loan amount to own a new home, known as a loan default.

Possible financial loss

The real estate industry is constantly fluctuating. Purchasing a home may be a risky investment. For example, if you purchased your home for 200,000 dollars, your selling price may differ greatly due to changes in the real estate market. This situation may worsen if you are already facing financial hardship. Conversely, the opposite happens when renting. House equity is not a matter of the renters but the homeowner. In the case of renting, there is no risk of purchasing a depreciating property.

Conclusion

Purchasing a home is a major responsibility that may result in a financial profit or reward of investment in the name of ROI. Before making this decision, be sure to consider your current financial status, monthly budget, lifestyle, and daily expenses.  

You must also consider your capacity regarding mortgage, interests, renovation, and maintenance payments. You may want to lease a property before purchasing a brand new home. In any case, take care to weigh the pros and cons and make a decision that best suits your specific needs.

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.

We all have had to face debt at one time or another if we have ever had to take out a loan or buy anything on credit. When it comes to business debt, there is no difference. When it comes to debt and business finances, some can keep this debt under control. In contrast, others can lose control of it and run themselves out of business. Whether trying to get rid of your business debt quickly or trying to get out from under heavy debt, you will need to use some financial strategies. Here are six business financial strategies that will make you debt-free.

Reduce Expenses

While reducing expenses may sound like a no-brainer, many business owners and staff allow expenses to get out of hand. Reducing business expenses is no different than what you might do to reduce expenses in your finances. As with any budget, you have to take a close look at where all your income goes. While there may be significant differences in what the company spends and what an individual might spend personally, how you handle your finances should be the same for reducing spending. If your budget is tight, consider cutting expenses that bring no value to the company’s operations.

Pay with Cash on Hand

Just as with personal debt, business debt can often trace back to loans, the use of credit cards, and other sources of business finance that include long or short-term payment plans and interest. If you find that your business is becoming buried in this type of debt, you should choose a period that you only use cash and profits on hand to cover expenses and payroll. Taking on more debt to pay debt can cause a cycle of debt that cannot be overcome.

Creditor Communication

While it is common for small business owners to have financing that produces debt and creditors, some owners may not know the advantages of cooperating with those who hold their debt. If your business is doing well and the debt you carry is under control and paid down steadily, nothing needs to be done to your creditors. However, suppose your business debt becomes overwhelming and seemingly impossible. In that case, many owners don’t know that by merely communicating with your creditors, you can get your debt reduced or, in some cases, even eliminated.

Rework Your Budget

While having a budget is and should be a vital part of your company’s business plan, it is not something that you can prepare and leave. It needs to be reworked regularly when the business grows or finds shortfalls in spending versus profits. Revising your budget doesn’t have to be an overwhelming chore. It can be as simple as adding or removing line items or ensuring that expenses you eliminated are depicted on the current budget plan. It may help to look at your budget as a living, breathing thing to stress the importance of reworking as changes occur.

Consolidate

Debt consolidation is commonly used in both personal and business finances. It is a simple yet effective way to get debt under control or removed quickly. While it is not recommended to take on yet another loan, if your business credit is in good standing, you may qualify to get one lower interest rate loan to pay off all your debts, thus leaving you with one monthly, more controllable payment. If you don’t qualify for such a loan, you may be able to reform a current loan to pay off other debts, or if you have a credit card with a lower interest rate and a limit that will cover your debt, you can create the single payment yourself. If attainable, debt consolidation is one of the most effective ways to get your business out of the red and into the black quickly.

Hire a Professional

Some professionals and companies were specifically created to help individuals and businesses deal with debt consolidation or removal. When choosing a professional, it is best to use an individual or firm with an excellent reputation. While hiring an expert will come with a fee, in some cases, the fee is a small price to pay to get your business out of debt.

Conclusion

Business debt is natural, so you don’t need to worry or feel like you have failed somehow. Use these six strategies to get yourself out of debt, and your business will quickly be on the road to success.

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