Category: Content

Funding and Financing are two standard terms you may have heard in the business world. What do they mean? We will describe funding and financing as a single term to make it easier for the casual reader. Simply put, funding/financing is the method by which an entrepreneur will acquire capital for investment in business projects. An investment can create a new business startup or provide funds to a business activity that is currently growing. There are three main goals of funding.

• To provide capital to a new business startup
• To finance a business activity with the objective of growth and expansion
• Mitigating financial risks that may occur during regular business operations

While we are at it, we might as well explain the diverse sources through which entrepreneurs can acquire the necessary funds to keep their businesses running. Business funding sources include self-investment, loans, equity, debit cards, foreign investors, stakeholder’s investment, crowdfunding, and distribution of business shares. 

Now that we know what business funding is, it is time to discuss business funding rules. If you ever take an economics or accounting course, you will find books littered with information such as “top ten business funding rules you must follow.” Although it is pretty accurate that following specific rules and guidelines will significantly benefit businesses and result in growth and expansion, experience and judgment matter much more when making successful business decisions. Ask any successful entrepreneur if they follow a strict rule-based guideline, and the answer will always be “no.” This is because successful businesspeople and businesspeople do not rely on rules to forge their path; they take risks and ventures that go against these so-called rules. On that note, here are 7 Business funding rules you must break to become a successful entrepreneur.

1. It is time to start thinking outside the box instead of following casual business norms. Thinking out of the package does not necessarily mean that you must take risks at each corner, nor does it mean that you must innovate your business operations. It simply means facing upcoming challenges with a positive mindset. If the economy collapses and the market stocks plummet, there is no shame in taking that risky business venture. However, one should always be prepared to face new challenges.
2. Invest your money even if your business is declining. This may sound very unrealistic and downright dumb, but most large-scale corporations you see today are all businesses that fell into recession at a certain point. These organizations only came out on top by taking risks and investing capital in other business projects.
3. Do not mind your business history; it does not have to be picture-perfect or brimming with your achievements and failures. It is important to remember that investors are not interested in your past; they only care about your current business idea and your plans going forward. So be ready to present those wild ideas that often pop up in your thoughts. You never know when an investor might consider your idea perfectly viable.
4. Stop looking at what the competition is doing. Sure, it is essential to consider what your competitors are doing in the open market, but that does not mean that one should get obsessed with analyzing their competition. It is better to focus on your business and provide your attention where it should be rather than gawking at your competitors, who might be doing worse than you think. 
5. It is not compulsory to have a business plan that promises high-yielding profits with minimal chances of financial failure. Most lenders are not concerned with profits. They want you to invest their money, return the loaned money on time with interest, and keep them updated. 
6. Do not try to acquire too high of a loan to show off that your business plan requires enormous amounts of cash. It is better to keep loans to a minimum and to increase the number of lenders. Taking small loans from lenders is much better than taking a massive loan from lenders. 
7. Do not be afraid of failing. Failure is a part of life and a part of the business world. It is inevitable to happen, and when it does, rise to the occasion and learn something from your mistakes. 

 

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.

An efficient accounting system can significantly diminish the time and effort it takes to manage its finances. Also, it makes the annual task of budgeting and strategizing much more straightforward due to the available critical information. The existing accounting records can solve problems in a company’s regular operations.

It is common among accountants and bookkeepers to maintain multiple filing cabinets, including locked ones, payroll taxes, and other confidential information. Implementing a filing system in your accounting department is of pivotal importance. However, you might do it accurately or else. You will face the consequences. 

What causes a file system to crumble? You may not have paid attention initially and sorted out the books randomly without considering them. Putting a label on the readers will not turn it into an intelligent system. Still, to implement a file system that will organize every account, you must do it appropriately. 

What to Consider When Considering a Filing System?

Before setting up a filing system, remember critical document management considerations and practices.

• Budgeting

When selecting a file management system, ensure it efficiently fits within your budget. Fortunately, there are filing systems available at variable costs. 

• Usage of technology

Besides the system costs, it is crucial to examine the skills and expertise of your accountants and bookkeepers so that you can schedule the accounting responsibilities accordingly.

• Determine the users

The filing system charges as per the number of users, so ensure you appropriately determine the number of users before implementing it into your business. 

How to Implement a Filing System

The initial step is a bit more related to pre-work. Before implementing the filing system in the accounting mechanism, you must follow essential pointers.

• Categorizing the files

Primarily, you will need to categorize the file in a single folder. Go through the current pile of journals and paperwork and organize everything related to finance and accounting records in one place, including existing and fixed assets. Presently, you will not focus on evaluation but on assorting the descriptions of a similar nature together. Later, we will be sub-categorizing them. Bank statements and credit card bills that fall under the finance section in this step in the following steps. 

• Create sub-categories

Once you have organized the documents according to their respective categories, it is high time to subdivide them so that you will know exactly where to look for the required information. Finances for an accounting section can be sub-categorized into savings accounts, checking accounts, and credit card accounts. Be extremely specific with the sub-categories, and do not just randomly label them. This arrangement practice will help you quickly recognize what you want to investigate.

• Apply color coding

You should assign significant categories for all the records with various colors to differentiate them from the rest. If you have chosen the yellow color for the accounting documents, the sub-categories will stay in the other shades of yellow, so when you file the recovering papers, it will save you valuable time. Scientifically, your brain can sort out the documents better if they are of distinct colors. Implementing a file system for accounting allows you to work more efficiently through separate categories without wasting the muddled information. 

• Craft labels

After the coloring, it is time to craft labels for them per the general and specific categories. For the accounting purpose of your business, the available labels are credit cards, while clear labels are Visa and Master cards. After labeling the files separately, assign them alphabetically so you can instantly move to the required document. The point is to allow similar documents within proximity. 

• Organizing the drawers

Finally, the documents you categorized earlier will be placed securely and alphabetically into the office drawers where you can easily access them in need. If you successfully implement the above-evaluated steps, your accounting mechanism will indeed receive a significant boost. 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.

Although we wrote an extensive article with 15 points of vital importance to improve our finances, we decided to simplify the message this time. When it comes, many factors do not teach us anywhere about savings and the creation of wealth; many factors are earned from financial education, and for that, we can only do it in two ways:

Learning on our own, and it is necessary to have a prior interest in learning. Often, we acquire this interest in finance when we have run into economic problems or when our financial situation has changed from “needs improvement” to “urgency.”

We are learning from the experts. And, in a way, we need a prior interest in listening to what these experts have to say and apply.

1. Procrastination for big purchases

While procrastination (leaving things for later) is the enemy of success, procrastination when making a purchase is excellent when we talk about finance.

To avoid becoming a compulsive buyer or spending money on whims, delay the purchase a few days. In this way, your brain will start to think cold, and you will probably conclude that you do not need what you will buy. Or maybe you need it, but it’s not that expensive a model.

2. Use a budget with the 20-30-50 rule

As we always advise, first, we must pay ourselves. It means that at least 20% of our income must be destined to be saved, whether we are talking about an emergency fund or a savings or investment account.

50% should be used for non-discretionary expenses, such as food, housing, electricity, water, etc. 30% we could have for discretionary expenditures, such as leisure and entertainment; however, if we invest the rule and allocate 30% for savings and 20% for those discretionary expenses, much better.

3. Spending less is not the path to wealth

As we always say, if you choose between spending less and earning more money, always choose to make more money in a matter of finances. It’s healthier. However, saving alone will not lead you to wealth. All the money saved must have a single purpose: to invest it.

That is one of the differences between the rich and the poor. While the poor focus on saving and indulging in a few whims, the wealthy focus on earning, saving, and investing more money.

4. Understanding finance and investment is not only for people who have a lot of money

People often say they do not learn finance and investment because they do not have the money to invest. The truth is that it is likely that that person does not have money because they did not learn the necessary financial education. Financial training is not just about money. Sometimes, acquiring habits and getting rid of certain psychological biases is more essential.

5. Have a clear vision of yourself at age 70

You will likely reach 70, 80, and 90 years if no tragedy occurs. How do you see yourself at that age? I guess you would not like to imagine that you’re cleaning the street at age 70 or cleaning windows in a company. Think about how you would like to see yourself.

6. Build a financial calendar

It is the best trick never to let you forget about quarterly tax payments and credit card maintenance. Creating appointment reminders to pay all your debts on time would be best. Also, you should build an ultimate financial calendar that indicates how much debt you have paid. It will keep your expenses organized, not allowing you to exceed your expenditures. It will encourage you to save money to help you survive on rainy days.

7. Track your interest rate

If you have a considerable debt rate, you must know which loan you should pay off first. You should pay your loan that has the highest interest rate than others. Your savings account will benefit more when you have the best interest rate. Your credit card debt will be a headache when your compound interest rate increases. You can make relevant debt or saving commitments by focusing on your interest rate. 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.

Helping someone is a trait that is innate in all of us. We depend on people, and they rely on us. So, when we sit down to think about who we can help and who needs our help, we tend to sit down for a long while. One of the people or tribes we can help, and those who need our help, are independent food and drink businesses. 

So, how can you help? 

Let us Help

The lockdown has gotten to all of us and brought us well. But regardless, we still have food on our tables because our parents could take the fall. Independent food and drink businesses, unfortunately, could not. Let us use our power to help them in the best possible we can, to our capacity, because selflessness is never really selflessness; there is always something in it for us. While you figure that out, the following is a list of ways you can be excellent:

Order One of Every Type!

You can order one of every type on the menu. So, get yourselves one of the appetizers, one or more of the main courses, desserts, and drinks! It might be too much but say you go with a whole group of friends; you must buy. It also gives you an idea of what it tastes like, and you will have the motivation to follow through.

Sometimes, all these businesses need from us is motivation. That motivation can be in the form of utilizing their inventory correctly; it is about making them feel valued and put in the effort.

Make them Famous!

Social Media is our ultimate power. It is the root of all our infamous ventures; it has real potential, in simple words. Promote these businesses on your Instagram and Snapchat and make them famous. The key here is awareness. Spread as much attention as you can. If you have any occasions to celebrate or need bulk food and drinks, hit them up! 

Gift Cards!

Buy Gift Cards! Gift Cards are a form of payment you can use to make purchases at retail stores, restaurants, or any other place that accepts them. You can load money on those cards and gift them to someone you like or love. It is hitting two birds with one stone. 

Pay for Delivery!

You can pay for delivery. This way, you are saving them so much of cost. Delivery can add expenses that independent food and businesses can potentially find quite heavy. Therefore, you can help in your little ways. For these businesses, every dollar counts. What counts more is that people are there to support them. Deliveries motivate independent business owners. Humanly speaking, if you were in their place, would it not have helped?

For Real

We look for so much when we establish ourselves, which is also what independent food businesses want. They start hoping they will show themselves, but sustaining that establishment is in everyone else’s hands. 

Food serves people; it is a form of connection with people, and it is a method of touching the soul of someone through something intangible: through taste.

If that is not how bonds are formed and re-formed, then there is probably so much you can do to help someone and ensure you are helping them. When we attempt to provide help, it is also essential that the receiving end knows it. 

Helping might sound contradictory to the general rule, but the crux is that just knowing someone intended to help them will make them feel valued. Independent businesses, especially the ones based on food and drinks, need to feel loved. They need to feel necessary to know that you feel their presence and, more than that, appreciated. There is only so much we can do as individuals, but more than that, we can lend a helping hand as they walk through this. 

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.

Creating eye-catching and relevant content is a challenge, as constantly coming up with unique ideas seems complicated regularly. Have you ever wondered if you could enhance the lifespan of your content? Adding life to your daily blogs and articles can save you time and prevent them from being wasted. Reusing your content and republishing fall in the category of best ways to maximize content’s lifespan.

How to Design a Republish Plan?

Reusing the already existing content is more straightforward than continuously working on some new ideas daily. Renewing content doesn’t mean losing its original value; the reusing method optimizes the results. Want to know how you can maximize content’s lifespan? Here are some ways of lead generation that will help you to devise your content lead strategy.

Describe your goals

The most critical step in digital marketing is to align your goals with your content. You are defining clear, concise, and achievable goals for your business from the beginning. Don’t forget to explain what you expect from your content while aligning your goals.

By setting up goals, you utilize your resources and time efficiently. The matrices system is also available for the measurement of the effectiveness of your dreams. You must first pay attention to your goals to maximize the content’s lifespan.

Develop audience personas

Another essential step of lead generation is keeping your audience preferences in mind. While creating a piece of content, always pay attention to the topics liked mainly by your audience and frequently asked questions by them.

By considering these factors, you can ensure that your content meets your audience’s expectations. It’s not only helpful for content creation but also in republishing it. Among the most common ways of extending content’s lifespan, identifying and fulfilling audience needs is worth considering. 

Choose a topic

The best way to maximize content’s lifespan and make it worth reading is by responding to your readers’ questions. Tools, including Bozsum and others, are specifically designed to analyze the effectiveness of your website’s content and how to improve it. The functionality of these tools is not limited to analysis but also includes exploring trending content of different categories.

Topsy is an ideal tool for combining videos, tweets, photos, and links related to search terms and maximizes content’s lifespan. It determines the most searched topics and subjects that grab the target audience’s attention.

When creating content, always choose a topic that will be forever relevant and attention-grabbing. Most organizations use how-to guides, webinars, and videos free of time boundaries. However, news articles and descriptions of a particular product will not be a good choice for reusing purposes as they have time boundaries.

Choosing a theme is also an excellent strategy to maximize content’s lifespan, allowing you to create multiple topics around a theme. It also allows you to either republish the content separately or in combination with others.   

Content formatting

Content formatting lets you express your creativity while reusing a blog or article. Among the methods of lead generation, formatting makes an existing 1,000-word blog unrecognizable. Working on the different available formats would be best to give your content a completely fresh look.

You might be thinking about how content formatting can renew and maximize content’s lifespan. You can transform your article into a brief instructional video or presentation if you have an existing beginner’s guide to digital marketing. Similarly, modifying formats can change a video into a blog post. 

All you need is to leverage different formats in your renewal plan, as it’s the best option to make your content appealing and eye-catching. In this way, you can better meet the needs of your target audience, as some people are more interested in watching instructional videos than reading a how-to guide or vice versa. After choosing a topic, you need to consider the format that best suits it and fulfills your readers’ needs.

Design a content calendar

You can either accommodate your reuse plan into the existing calendar or design a new spreadsheet for republishing the program. You don’t need to complicate the process; use an Excel spreadsheet to add topics, formats, and publishing dates. You can also add platforms for your content promotion. A complete track of your publications frees your topics from overlaps and helps you maintain a gap between initial and renewed publications.

Audience engagement and content promotion

Another way to maximize content’s lifespan is by contacting influencers and experts for promotion. Create multiple contents in a series to keep curious and engage your readers. Once your content is published, design promotional campaigns and use social media channels for its promotion.  

In a nutshell, efficiently designed content strategies pave the path of lead generation and maximize content’s lifespan. Following these ways, you can turn your published content into a new and eye-catching piece. 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.

A persuasive individual can do wonders in the entrepreneurial world. Persuasiveness leads you to get the best employees, gain your client’s attention, and guide you toward success. 

Every businessperson aims to persuade their clients that their product or service is better than what the other competitors offer. The importance of persuasiveness in business is understood, so we will cover the tips and tricks to be more persuasive in business in this blog.

Curiosity

Curiosity is a built-in quality of persuaders. Persuaders want to know everything and always question the things that intrigue them. Curiosity drives them and becomes their motivator for achieving goals. 

Being curious about what your customers want and how you can get support from investors and then acting upon the techniques resulting from the curious mindset can help you attain new feats. 

Always keep asking yourself the whys and hows of every aspect of your business. The curious outreach will unlock various perspectives and unravel revolutionary techniques for you to excel.

Trust Your Product

Businesspersons fail to make it in the market because they lack belief and trust in themselves and their products. 

How can he expect others to buy his offerings if one does not trust his product or service? Trust in yourself and your product is much needed. You need to persuade yourself first; only then will you be able to convince your potential customers.

If you trust your product or service, it will reflect your interactions with your clients, employees, and investors. People buy confidence, so if you would offer assurance, it will drive more people.

Listen

Persuasiveness is not about delivering long talks and singing songs about how your product can benefit your clients; it is about listening to others first. Think of effectiveness as a two-way street and know everybody needs an ear to listen to their requirements.

Let your client, stakeholder, or investor talk first; it shows respect and the willingness to accept others’ opinions and feedback. Never focus the conversation on yourself instead of on the interest of the relevant party, and reshape your words into their curiosity and persuade them to show interest in your offerings.

Be Empathetic

Being empathetic to your customers and stakeholders includes understanding their position. A wise businessperson understands his audience and puts himself in their place to make decisions. Empathy is the core of persuasiveness. If you cannot understand where your client is coming from and their needs and wants, you will never be able to persuade them. 

A person in a business cannot achieve persuasiveness with selfishness; empathy is an essential factor that drives the trust of the stakeholders. 

Show a Bigger Picture

A businessperson needs to give importance to their clients by telling them their role and impact on the brand. Showing your clients and investors a more comprehensive picture will help your brand gain their confidence and trust.

Let them know why and how the idea of your project or service originated and how it is different from your competitors. You should show your employees that you care about them and let them know about your plans and long-term goals. It will bring in their interest in your company and increase their motivation.

Connect with Your Audience

It is known that people follow the advice of those with whom they connect. Try connecting with your employees, clients, and other stakeholders by finding similarities between them and yourself. Once you agree, persuading your audience and meeting the outcomes that benefit both parties will be easier.

Become a Storyteller

To win your clients, you need to learn the art of storytelling. Connect with your audience emotionally and start telling the story behind your plan. 

People usually connect with stories, so go ahead with this approach. A persuasive businessperson has solid storytelling skills that he can reshape in promoting his brand and building awareness. 

Conclusion

Persuasiveness is about setting your individual goals aside, considering your stakeholders, and working towards common goals.

A persuasive businessperson never says anything without data and facts; he always has his research and paperwork to back his statements. Persuasion starts with trust, so a businessperson must always focus on gaining the trust of his stakeholders to be persuasive. 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.

With the economic uncertainties of the country, many people have hung their plans to buy a house for when the financial moment is more auspicious.

Although the real estate market suffers from economic conditions, it is precisely what opens the door to better and lower-priced real estate. Despite this, the financial difficulty and the tight budget still play an essential role.

How do, then, carry out the purchase of a property during the crisis? Soon after, you will give great tips on how to do it correctly.

Define How Much to Spend

Price needs to be one of the factors that you consider before buying your property, especially during times of crisis. So, you need to define how much you want and can spend in advance.

If you already have cash saved or will receive a large amount quickly – like the FGTS – then the property’s value can be close to that amount. If you choose to finance, you need to know how much credit you have, which is usually related to your income.

As the financing can commit a maximum of 30% of your salary, the property’s value depends on your income. To finance a deal of $200,000 in 30 years with a 10% interest rate per year, it is necessary to have an income between $5-6 thousand. Below that, you must set a lower value for the desired property.

Choose the Ideal Payment Method

When discussing financing, choosing the payment method is one of the most crucial decisions in the buying process. This definition needs to stem from how much you have available, your overall financial capacity, what type of property you want, and your expectations for the future.

Options include cash disbursement, funding, and the consortium. This form requires that you have a large amount to make the payment immediately. Despite this, you do not pay an interest rate and thus get a better deal.

Already, the financing consists of a credit paid in monthly installments over a period that can reach 30 years. With the crisis, the credit supply falls, and interest rates increase, so you need to consider this before choosing.

The consortium, in turn, is a kind of financing in which a group of people comes together to buy the same good. Each participant pays monthly installments, and a person is compensated with the property each month.

Plan How You Will Give Input

When buying a home, it is pervasive that an entry is required so that the business can continue. However, it is worth remembering that this is only needed for the funding but not in the consortium.

Since you must give this deposit in cash, you must plan how to provide it. It may be the case, for example, to start joining right now to be able, in some time, to have the necessary value to make the purchase. You can also invest in the sale of goods – like the car – to raise money for an entry.

In general, the more planning, the better. Therefore, consider the value of your property and identify the required entrance – the amount can range from 10-50%. With that in mind, figure out how to raise this money and prepare to make that entry at the right time.

Do Not be Too Lazy to Search

With the set amount and the correct payment method for you, it’s time to start searching. At that point, laziness must be left out, or you will not find the property perfect for your needs. Therefore, for a successful search, it is necessary that you correctly define the priorities of your property. What cannot be missing? What are the most critical factors for your satisfaction with the purchase? How is the property of your dreams?

Set this correctly and start preparing to evaluate dozens of other real estate. While it is necessary to make concessions, you will find the property that best meets your needs with proper research.

Have Professionals Help

Buying a home is far from a simple task. If you decide to do it in solitary, it may be even more challenging to secure the purchase of the perfect property for you. To avoid this type of problem, have the help of a professional, such as when contacting a real estate agent or have a broker, to make the purchase easier. 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.

Every financially responsible adult should consider savings when planning their financial future. Surprisingly, most have small savings or have not saved at all. When contemplating savings, you must first know what you are saving towards.

Some will save for emergencies or job loss coverage, others for college or large purchases, and others for retirement. No matter the reason you are saving, you must plan to save enough money successfully.

A savings plan should be a priority and something every person should have. Most people avoid having a savings account because they don’t think they have the extra money to put into it at the end of the month or pay period. Using automation will make it easier to boost your savings. Here is how you can increase your savings through automation.

Automatic Savings

As its name suggests, automated savings are fixed savings deposited into a person’s account automatically at selected or specified intervals.

An automated savings plan automatically transfers from a bank account to a savings or investment account after a fixed period. It can also be a fixed amount deposited directly into a savings account from your payroll check.

An automated savings plan is simple. An individual sets a fixed amount based on the total income deposited into a savings account. The fixed amount is then transferred from the salary account to the linked savings account of that individual. If the fixed savings come from your payroll check, you do not have to set regular intervals to deposit the money.

It will automatically deposit the set amount every paycheck. However, if your fixed savings come from another account, a fixed time interval must be set to transfer the specified amount regularly. The time intervals can be daily, weekly, monthly, or specific dates.

Advantages of Automated Savings

Ease of use

Automated savings’ first and foremost advantage is that the individual can forget about it once set. It eliminates the need for people to worry about expenses as the amount is automatically transferred to the other account. Soon, an individual may get used to the reduced amount and adjust the costs in that specific amount, forgetting about the automated savings.

Lowers spending

When a fixed amount from their income is cut off at regular intervals, it will help people avoid spending the money on unnecessary stuff. As a person gets used to it, they will develop a habit of spending the money left on the things they need and not on things that are not required.

Sets up emergency savings

Life is unpredictable, and an emergency can arise at any time. Having emergency funds can make a crisis less stressful. With these automated savings, people will always have an emergency or backup fund, saving them from the worries of asking for help!

Get the most out of automation

Automated saving is an intelligent step towards a prosperous and comfortable future. Therefore, an individual opting for this savings technique must plan to use it to its fullest potential. Here are some tips that can help people utilize this technique in the best way possible.

Reviewing the plan regularly allows you to adjust the amount needed to increase or put less in savings and more in your usable income. Automation can also help set up both long-term and short-term goals. Most savings accounts have higher interest rates than regular checking accounts. Therefore, automation will ensure you build your savings by putting your money directly into a higher-yielding savings account.

For people who wish to save but cannot create a proper financial plan, these automated savings are the perfect way to go for it. Individuals must ensure they are doing enough to secure their future, as life is unpredictable, and one must always be prepared for the worst! Therefore, think wisely and opt for automated savings.

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.

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

5G: How Rapid Change in Technology Impacts Your Finances

Have you ever opened your banking app expecting a quick look at your balance—only to get stuck watching it load? That frustration will soon be history. 5G technology is transforming how we manage money, with impacts far beyond just faster apps. As of April 2025, more than 2.25 billion 5G connections exist worldwide, growing four times faster than previous technologies. This shift brings an unprecedented $1.3 trillion economic transformation that touches every dollar you earn, invest, and save.

As someone who’s built a business around precision bookkeeping and tech-forward finance, I can tell you: this new wave of mobile network technology isn’t just technical—it’s personal. If you’re not preparing for how it changes your money, you’re already behind.

Key Takeaways

• 5G will inject $1.3 trillion into global GDP by 2030—$484 billion in the U.S. alone
• AI budgeting tools powered by 5G offer split-second forecasts and real-time financial alerts
• IoT-backed sectors like agriculture and telehealth are set for explosive growth
• Cybersecurity risks increase with 75 billion connected devices by 2025—prepare now
• Rural America sees major gains in financial access and digital banking

5G’s Economic Ripple Effect: What Your Wallet Needs to Know

5G isn’t just another tech buzzword—it’s a rising economic tide. PwC projects it’ll power $1.3 trillion in global GDP by 2030 according to a recent global 5G rollouts economic impact study. In the U.S., we’re talking about a $484 billion boost. These numbers aren’t abstract—they translate to real income increases, business growth, and smarter infrastructure.

💡 Case in point: Mississippi saw a 187% ROI from its investment in 5G infrastructure. That means for every $1 poured into towers and tech, $1.87 was added back into the state’s economy. That’s not just growth—it’s wealth redistribution, especially to regions previously cut off from high-speed innovation.

You might think, “Cool stat, but what about me?” Here’s how it hits your pocket: job creation, faster business operations, and more accessible financial tools—even in underserved ZIP codes.

Your Money Management Transformed: 5G-Powered Tools

I see it every day—clients using budgeting apps equipped with real-time diagnostics. These aren’t your average trackers. Thanks to 5G’s speed and bandwidth, we now have AI systems that analyze spending patterns and negotiate bills as transactions happen. These 5G-powered mobile business management apps are changing how businesses track expenses, approve payments, and forecast cash flow.

Imagine this:

• Your grocery budget spikes unexpectedly
• Your app flags it instantly
• You get a message mid-checkout showing how this impacts your monthly plan—and offers a fix

That kind of predictive finance was sci-fi five years ago. Today, it’s your competitive edge.

Financial apps leading the way

Here are a few tools embracing 5G:

• Monarch Money (real-time sync across banks and investments)
• Rocket Money (auto-negotiates subscriptions based on usage trends)
• Chime (instant account alerts thanks to 5G rollout in mobile-first banking)

I’ve watched small business owners cut bookkeeping time by 65% using these tools. One restaurant client now receives instant alerts when food costs exceed seasonal averages, allowing them to adjust pricing before profits shrink.

The Business Landscape: Sectors Poised for Explosive Growth

Mobile technologies now generate around 5.8% of global GDP, contributing $6.5 trillion in economic value. This figure is expected to climb to almost $11 trillion by 2030. So where is all this digital traffic heading? Right into industries being reshaped moment by moment.

🚀 Emerging Winners:

• Autonomous delivery: Drones that accept digital payments and deliver medicine in 10 minutes
• Precision farming: 5G-connected sensors optimizing crop rotation and enabling faster loan approvals
• Telehealth: Instant diagnosis and seamless HSA integration, cutting insurance claim times in half

Telehealth especially shows tremendous financial potential. With 5G, medical consultations happen without lag, insurance claims process faster, and patients access care from anywhere. I’ve seen healthcare clients reduce billing cycles from 60 days to just 7 through 5G-enabled systems.

Whether you’re an investor or entrepreneur, these are your signposts for future value.

The Risks: Cybersecurity & Financial Vulnerabilities

Let’s talk risk—because 5G isn’t just opportunity; it’s exposure. With 75 billion connected gadgets expected by 2025 according to the IoT growth and 5G applications forecast, each device becomes another window for fraud.

Here’s what you should be doing today:

• Turn on multi-factor authentication (MFA) for every account
• Use VPNs on public networks (especially for financial logins)
• Disable auto-connect for smart home devices and Wi-Fi
• Set alerts for every transaction above $1 in your banking app

These steps are especially important for 5G security concerns for remote work environments where company data flows through personal networks.

⚠️ One client ignored these basics. His smart fridge exposed his home network. Hackers routed through the appliance, intercepted financial emails, and stole thousands. Don’t assume your devices are harmless.

5G vs. 4G: What Actually Changes for Your Wallet?

Feature	4G Tech Experience	5G Evolution
Speed	HD video on the go	Seamless VR investment dashboards
Latency	Annoying delays	Instant buy/sell execution on trading platforms
Connectivity	2,000 devices/km²	Up to 1 million devices/km²

So, how does that benefit you financially? Less lag means faster trades through high-speed mobile trading apps, smoother checkout, richer data analysis, and fewer errors. In short: time saved, money earned.

The practical impact is tremendous. A contractor client of mine now processes payments on-site before leaving a job. Previously, they waited until returning to the office, creating 3-day payment delays and cash flow issues. With 5G-enabled payment systems, they’ve reduced accounts receivable time by 70%.

Preparing for 5G’s Next Wave: 2025 and Beyond

If you think you’re busy now, wait until 2025. That’s when 16 million jobs will be redefined through tech—including finance roles according to the future of 5G networks and workforce transformation report. Accountants and advisors fluent in wireless communication tools and 5G-enabled platforms will be in highest demand.

How to stay ahead

Here’s how you prepare:

✅ Start learning edge computing platforms—think AWS and Azure

✅ Watch for AR-based commerce platforms (they’re the Shopify of tomorrow)

✅ Upgrade your accounting software to support real-time data ingestion

The historical pattern is clear. Just as the internet revolutionized commerce in the 1990s, 5G will transform financial operations over the next decade. Early adopters report 20-40% efficiency gains—especially in supply chain, point-of-sale, and financial reporting systems.

From payroll to portfolio rebalancing, the future runs on real-time.

Conclusion

5G isn’t on the way—it’s already shaping how you bank, pay, earn, and save. Whether you’re making strategic investments, strengthening your cybersecurity, or simply trying to keep an app from freezing, one thing’s clear: technology is rewriting the math of money.

That’s where we come in. At Complete Controller, we automate your books, reduce your stress, and prepare your business for the financial future—all powered by a smarter, faster world. Our cloud-based systems already leverage 5G speeds to sync your financial data across platforms, spot opportunities, and prevent costly errors.

Ready for 5G-ready finances? Visit us at Complete Controller and let’s build your next financial breakthrough.

FAQ

How will 5G change banking?

5G will make banking faster and more personalized. You’ll see instant transfers, real-time fraud alerts, and AI-powered financial advice delivered right when you need it. Banks using 5G can cut operational costs by up to 30%, potentially leading to lower fees for customers.

Is 5G technology worth investing in as a small business?

Yes, especially for inventory management, point-of-sale systems, and customer service. Early-adopting small businesses report 20-40% efficiency gains within the first year. Start with one core business function, measure the results, then expand.

What security risks come with 5G financial services?

The main risks include more entry points for hackers (through IoT devices), faster attacks, and potential privacy issues. Combat this by using strong encryption, enabling multi-factor authentication on all accounts, and regularly updating device security.

How can 5G help my business save money?

5G reduces costs through faster data processing, better inventory management, decreased travel needs (via enhanced video conferencing), improved employee productivity, and automated routine tasks. Our clients typically see 15-25% reductions in operational costs after full 5G implementation.

When will 5G be available in rural areas?

Rural 5G is expanding now, with full coverage expected by 2027 in most developed countries. This rollout will eliminate the “digital divide” for financial services, giving rural businesses the same technological advantages as their urban counterparts.

Sources

• 5G Americas. (April 2025). The State of 5G: Growth, Challenges, and Opportunities in 2025. https://www.5gamericas.org/the-state-of-5g-growth-challenges-and-opportunities-in-2025/
• CostQuest Associates. (March 2025). How 5G Expansion Fuels U.S. Economic Growth: ROI & Impact. https://www.costquest.com/resources/articles/how-5g-expansion-fuels-u-s-economic-growth-roi-coverage-impact/
• Complete Controller. Mobile Business Management Apps. https://www.completecontroller.com/mobile-business-management-apps/
• Complete Controller. Remote Work Security Post-Covid. https://www.completecontroller.com/remote-work-security-post-covid/
• Complete Controller. Stock Markets and Mobile Applications. https://www.completecontroller.com/stock-markets-and-mobile-applications/
• GSMA. (2025). The Mobile Economy 2025. https://www.gsma.com/solutions-and-impact/connectivity-for-good/mobile-economy/
• PwC. Global 5G Rollouts Economic Impact Study. https://www.pwc.com/gx/en/issues/technology/5g/global-economic-impact-of-5g.pdf
• Statista. IoT Growth and 5G Applications Forecast. https://www.statista.com/statistics/471264/iot-number-of-connected-devices-worldwide/
• World Economic Forum. (2020). The Future of Jobs Report 2020. https://www.weforum.org/reports/the-future-of-jobs-report-2020

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.

Affordable Flights and Hotels at Inexpensive Rates

It is a fact that a travel management company does need to pay for the services they offer, mostly a subscription-based payment. However, it is still an extremely cost-effective option if you think about it. If you are a frequent traveler or have employees who travel often, this becomes an essential factor you must consider.

When you are a travel management company, you likely have strong business relations in the travel industry. Business relations pave the way for you to gain cheaper or at least much more favorable hotel rates than the actual rates. Furthermore, they have the skill set required to help you find cheap flights in the right place and make flight bookings at the right time. Consequently, you will witness a significant reduction in your travel costs.

Expert Assistance and Insight

Once you have been in the travel industry for a while, then as a travel management company, you gain adequate experience in how things work and learn tips and tricks. The experience enriches your area of expertise. You can guide ways you can best spend your money on which routes are the most ideal for taking and explain the critical things you must know about a destination you plan to visit.

Under most circumstances, companies associate with a travel management company with expertise in handling clients in the same industry. Being on the same page can be helpful beyond comprehension, as specific sectors have travel needs. Experience in the field can help travel management companies enhance your travel strategy and keep you away from common drawbacks.

24/7 Help and Support

One of the top-notch benefits of working with most travel management companies is the support you get around the clock. The 24/7 support system assures you that in cases of a mishap or an unforeseen problem, a formal entity is all set to help you. So, if you need to make any alterations or need expert advice urgently, a TMC is at your disposal.

If you do not hire a travel manager, you will be responsible for managing all problems regarding internal travel on your own. Internal travel means that you must deal with every issue and concern of each corporate traveler in your company, even if they reach out to you at unsociable hours.

Better Peace of Mind

Understanding how travel management works can be challenging as it is easy to skip a necessary step. The tasks include sorting out visa requirements, ensuring all corporate travelers are medically covered, arranging airport transfers, and more. The chances are that with so many things to do on your plate, you can overlook any one of these. Thus, a significant advantage of working with a travel management company is the peace of mind it affords.

Whichever business travel agency you pick, it will come to your assistance every step of the way and ensure that everything is taken care of. Given their years of experience in the industry, it is implausible that they will accidentally overlook anything.

More Time for Other Tasks

Finally, most organizations opt for a travel management company because it allows them to spend time on more essential tasks. The opportunity cost of investing time in managing internal traveling cannot supervise areas in your business that require your attention. So, when you can hire another company to take care of this, you have the time to focus on tasks critical to the company’s success. Travel management has multi-faceted specialties, including finding inexpensive flights, the finest hotels at affordable rates, and organizing transfers, all of which are time-consuming procedures.

In Conclusion

Benefits come with hiring a top-notch travel management company, as listed above. Not only will they lessen the responsibilities on your shoulders, but they will also help you get access to hotels at much more affordable rates, given their business connections in the industry. 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.