Category: Content

Wow, cloud computing is an exciting and transformative concept that has overtaken the tech industry! It’s incredible to think about how it is changing the economy. Let me tell you more about it!

What is Cloud Computing

Cloud computing has shifted the paradigm in how computing services are delivered through the Internet. It’s not just about hosting websites and storing files online anymore. With the advent of cloud computing platforms, businesses can now host their entire IT infrastructure on the cloud, including servers, storage, databases, networking, software, analytics, and intelligence. This means that companies can now access and manage their data and applications remotely, anywhere in the world, anytime.

The scalability, flexibility, and cost-effectiveness of cloud computing make it a potent tool for businesses of all sizes. It’s a game-changer that provides endless possibilities for growth and innovation. In short, cloud computing is not just the future; it’s the present, and we are already reaping the benefits of this revolutionary technology.

Cloud Computing Benefits

The benefits of cloud computing are numerous. Firstly, it allows businesses to scale their computing resources up or down depending on their needs without worrying about the costs and complexities of maintaining their infrastructure. This means that businesses can be more agile and respond quickly to changes in demand.

Secondly, cloud computing can be more cost-effective than traditional on-premises infrastructure. Instead of investing in expensive hardware and software, businesses can pay for only what they need when needed. This means that small businesses and startups can compete with larger companies without worrying about the costs of setting up and maintaining their infrastructure.

Thirdly, cloud computing can improve collaboration and productivity within businesses. With data and applications stored in the cloud, employees can access them anywhere, anytime, on any device. This means that teams can work together seamlessly, whether in the same office or across the globe.

Cloud Computing and the Economy

But perhaps the most significant impact of cloud computing is on the economy as a whole. Cloud computing is driving innovation and creating new opportunities for businesses of all sizes. For example, cloud computing has enabled the rise of Software-as-a-Service (SaaS) companies, which provide software applications over the Internet rather than sell them as traditional software packages. This has opened up new markets and created new business models, allowing startups to disrupt established industries.

Cloud computing has also enabled the rise of the gig economy, where individuals can work freelance or contract jobs remotely, using cloud-based tools and platforms to collaborate with clients and colleagues. This has created new opportunities for people to work flexibly and on their terms, enabling businesses to access a wider talent pool.

Cloud computing has also enabled businesses to harness the power of big data and artificial intelligence (AI). With cloud-based analytics and AI tools, companies can analyze vast amounts of data to gain insights into customer behavior, market trends, and operational inefficiencies. This allows businesses to make data-driven decisions and improve their operations, products, and services.

Conclusion

I am thrilled to share with you that cloud computing is revolutionizing the economy, allowing businesses to become more agile, productive, and collaborative. The benefits are limitless, enabling creativity and unlocking doors for startups and established companies. This is not just a fad; it’s a game-changing shift in how we operate, with far-reaching implications for the economy. And the best part is that we are just scratching the surface of what’s possible. The future is bright with cloud computing!

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.

Sometimes, it becomes necessary for companies to relocate across state lines. There can be many reasons for this decision: wanting to be closer to your family, moving to a city with a lower cost of living, or a better quality of life for the employer and employees.  Perhaps you want to open more horizons for your business.

Regardless of the reason, moving a business from one state to another involves dealing with many crucial tasks for business relocation. You should plan far ahead to manage the range of tasks in moving your business.

Find a suitable space, apply for tax and other incentives, coordinate with your staff, send a message to your customers, obtain a business license, and, finally, the physical movement to another place. Besides these tasks, relocating the business entity requires different procedures for different businesses.

Plan Ahead

Moving a business from one state to another requires several tasks before the actual final physical movement occurs. Review the logistical details of the state where you are planning to move your business. Look into taxation matters of the new state. You can hire services from an accountant or bookkeeper to do the paperwork. Look for tax incentives that may be available in the new place of business. Make a budget and pay close attention to your business’ bookkeeping.

Sole proprietorships and partnerships can easily be moved and registered in another state. A-C corporation, S corporation, or Limited Liability Company (LLC) needs formal relocation processes.

Sole Proprietorship

A sole proprietorship is easiest to move to a different state. You only need to register your new business by filing for a DBA “Doing Business As” as a registration process in the new state.  At this point, you will discontinue your old business in the previous state. Your business will have to be registered at the county’s clerk’s office or with the government depending on the state.

Limited Liability Companies (LLCs)

When your company is an LLC, hiring an attorney to move your business to another state is better. It is better to review the choices you have with the guidance of an expert attorney, as things can get tricky.

Continue your LLC in the previous state

You do not simply finish your LLC business entity in the old state. You will register in another state as an out-of-state LLC. You will also need to file duplicate annual reports. This will make taxation matters complex. It will be more complex if the LLC is a multi-member organization.

Close your LLC in the former state

Closing your LLC in your previous location will be less complex when it comes to tax matters, and filing for duplicate annual reports will not be required.

Register a new LLC in another state

When you register a new LLC, each member transfers their membership interest and percent share from the former LLC to the new LLC.

Merge the LLC

You can register a new LLC in your new location by merging the former LLC into the new one.  This way, you can keep your existing EIN because the IRS takes this as a continuation of the former LLC.

Moving a Corporation

1. Continue Former Corporation in the old state. Register as a Foreign Corporation in another state. This will cause a lot of paperwork, and you will have to pay fees in both states. You must also pay for duplicate annual reports and franchise taxes.
2. Close your corporation in the former state. Start a new corporation in another state. This may cause costly taxes, and it may have effects on employee benefits like retirement plans. It requires filing with the old state and paying any outstanding taxes and dissolution fees.
3. Register a new corporation in another state. Merge Former Corporation into your new corporation. This removes the necessity to pay fees in two states and permits for a tax-free reorganization. For a C corporation, this can be tax-free. There is no tax on the merger of the old corporation into the new corporation.

Conclusion

To move your business from one state to another requires several tasks before the final physical movement to another state happens. It would help if you planned to manage the range of tasks to move your business to another state with as much ease as possible. A sole proprietorship and partnerships can be easily moved to another state. A Limited Liability Company (LLC) and a corporation need formal actions for the relocation process.

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.

When your business is hacked, it affects information related to the company and your clients’ information. For a business owner, situations like these can end up in gravely negative consequences. The hacker could gain full access to all of your business’s bookkeeping, which could be disastrous.

There may be a small business owner thinking, “I run a small business, who would hack me?!” Regrettably, you’re mistaken. Smaller businesses are more prone to hackers and security threats than larger businesses are. 

Marketing is another area that can deeply hurt your business if your website is hacked. If you receive malicious codes on your website, it will intensely influence your search rankings. Search engines like Google bring your website up, not just for links and content, but also if that particular website is secure for users. If your website is compromised, you will find a deflation of your domain until it is cleaned up.

The Major Consequences for a Business that has been Hacked

Loss in Sales

Bad news travels faster than the speed of light. If your business website is hacked and information has been compromised, it is most likely that the public will stay away from your business, no matter what.

Reputation can be Damaged

Once your business website is hacked, it can be a challenge to get your good reputation back. It is tough to win consumer trust in the first place. Rebuilding their trust is even more challenging. The best you can do is spend hours and hours on public relations, marketing, and reputation management.

Costs from Compensation

Once you know your business website has been compromised, you need to win back your clients and consumers. You may need to compensate your clients by offering identity theft insurance and free credit monitoring. It may be accessible for your clients, but it is a lot more than accessible for you.

Legal Action

Unfortunately, lawsuits are routine nowadays. Irrespective of if you win or lose, legal action expenditures can be pretty huge. If the breach happened because your company made mistakes, it’s probably safe to assume that the law will not stand on your side.

Fines

Here’s some good news for you. If an individual’s credit card is used fraudulently, they are not required to foot the bill. The bank will do the refund. And, now, the bad news. You will be passed on those charges by the bank as a fine.

Audits by the Government

Irrespective of the country you are doing business in, if it is large enough, there is a big possibility that the country’s government organization (in our case, the Federal Trade Commission of the United States of America) will come knocking at your door to perform an audit. There may even be a chance that they decide to impose a fine on your company if they find non-compliance to guidelines like PCI DSS (Payment Card Industry Data Security Standard).

Costs for Remediation

Don’t think that the consequences end here. You will also be required to fulfill internal remediation costs. What are remediation costs, you say? Well, these costs comprise of the following:

1. Costs to inspect what happened
2. Costs to improve your security position
3. Costs of firing and hiring employees
4. Costs of whatever it will take to remediate your inner information security environment

Conclusion

With such dire consequences like these, you can see how easily the costs mount up when a business is hacked. Most businesses find it extremely difficult to recover from not complying with the PCI DSS Standards.  The best you can do is ensure that you follow the rules and regulations of your area and initiate security standards into your company.

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.

Net loss, also denoted as a net operating loss (NOL), is the consequence that happens when expenses surpass the income or total revenue created for a specific time duration.

Entrepreneurs should adopt strategies and take measures to prevent net losses in their businesses.  Entrepreneurs must be vigilant enough to find the underlying reasons for net losses if the business appears fine.

There can be administrative errors. Administrative errors include superficial inadequacies in pricing, bookkeeping, and paperwork resulting in excessive losses for companies. Entrepreneurs must be well aware of embezzlement and other small business frauds. Frauds occur more frequently in small-sized businesses.  

Measures Taken by Entrepreneurs to Avoid Net Loss

Maintain an up-to-date accounting and bookkeeping record. Delay in bookkeeping and recording of expenses made in business may result in a negative balance. A negative balance appears when expenses are done, but the accounting statements are not up to date.

No timely decisions can be made as the business’s financial status will be unclear in a business with an infrequent accounting and bookkeeping record. Using accounting software will reduce the time consumed in accounting and bookkeeping. Small-sized companies can use cloud accounting technology.

If your business is already going into net losses, take the following measures to avoid them.

1. Reduce expenses
2. Increase the sales of the business
3. Get advice from an accountant or business advisor

Effective Budgeting

Budgeting is time-consuming but also a very critical step to avoid net losses. Costs and expenses are estimated, and finances are allocated for various business operations. Previous year accounting and bookkeeping data are essential in estimating budgeting for the upcoming period.

Budgeting has become more accessible due to emerging accounting and bookkeeping software. This software records all bookkeeping and can identify the loopholes that should be overcome to proceed with business operations, avoiding the net losses smoothly.

Claiming Losses at Tax Time

Entrepreneurs can claim the net loss on the tax return. In the next tax year, this can be forwarded to decrease your tax bill. In most cases, companies facing net operating losses are not required to pay income tax.

Avoid these Common Errors to Prevent Net Losses

1. Do not become too overwhelmed and stress to face this problem head-on.
2. Take a breath and start planning how to take the company out of net losses.
3. Do not buy things that you cannot pay for. It can lead your company to bankruptcy.
4. Do not start a new project without making a budget for it.

Start Analysis

Entrepreneurs must analyze accounting statements routinely and correctly interpret them. Regular business operations are a need for a successful business.

Entrepreneurs must have a clear understanding of where the company’s money is spent. Income statements systematize the company’s returns and sales, expenditures, and taxes to show how the resources are being applied to the company’s tasks.

Analyze all types of expenses made in business, not only the accounting statements. Compare the quantity of inventory that was procured with the actual consumption of the company’s inventory. If the stock is in excess, reduce the expenses per their need in the business.

Cut down on the amount of inventory. Analyze the costs of labor. Look out for administrative costs. How much money is spent on office materials? Entrepreneurs must ensure no personal finances are carried out from the business account. Is the budget estimated correctly? Does the budget include each year’s potential taxes and other potential expenses? This analysis will keep the company devoid of net losses for no apparent reason. 

• Increase sales and implement marketing strategies.
• Sales can be increased using different marketing strategies.
• Focus on increasing sales.

 Conclusion

Entrepreneurs should implement strategies in their businesses to keep their businesses devoid of net losses. If the company is already at a net operating loss, take steps to increase sales and reduce expenses. Entrepreneurs should take enough measures to avoid net losses.

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.

First In First Out and Last in First Out are the two most common inventory management concepts used in the modern world. These two models are different from each other, but both concepts are specifications of inventory management methodologies. Here we shall discuss what is meant by each and what types of businesses can use these formats for their business operations and needs.

What is FIFO?

The FIFO inventory system uses the same strategy as it is called. First-in items are usually the first to come out of any storage. For example, milk is stored according to its expiration dates in the fridge. The milk cartons that are close to expiring dates would be stored in the front to get sold first.

 The main aim of this concept of inventory management ensures that the oldest stock is moved out first to guarantee cost-effectiveness and avoid wastage. The widespread use of this concept makes it ideal for many industries and other stock management models.

Pros of FIFO

With businesses worldwide feeling ramifications of digression, this type of stock management technique offers significant benefits with inventory costs fluctuations. The cost approximates the current market value of inventory available in the warehouse is quickly revealed due to stock-taking procedures.

The flow of costs agrees with the actual flow of physical products or goods. Due to its applicable ease and implementation, businesses do not choose which unit is to be delivered, as inventory management is automated. For urgent basis orders, it helps contain and arrest shipping issues.

Cons Of FIFO

Using caution when applying the FIFO method for all business endeavors is strongly recommended. The results of stock and the image created about costs could not be genuine or authentic. Due to economic instability, the rates and costs are affected. FIFO is implemented while paying considerable attention to details as this method may exaggerate situations to depict profit-making patterns of growth.

This appearance of “growth” is the disadvantage of FIFO inventory management as taxes are applied to this “profit,” which heavily burdens a business, thus, diminishing growth and stability. Also, it takes accountants months before they notice discrepancies in statements if care is not taken with the rising and falling of rates and costs. With increased prices that show up in accounts months later, FIFO can be disadvantageous.

What is LIFO?

Last In First Out is also commonly used where the last items sent to stock are the first ones to come out. An example would be machinery manufacturing, where stocks already prepared and stored are shipped out first rather than newly manufactured fresh out of the rolling mill. It is widely used for non-perishable goods, and this concept of inventory management includes other benefits such as periodical Cost of Goods Sold (COGS) and an appraisal of inventory.

Pros of LIFO

With substantial tax advantages, LIFO is excellent for companies in the manufacturing industry. Using LIFO, it’s presumed that all goods sold are what’s lying in the inventory, whereas it isn’t always. It also helps tackle inflation predicaments as costs of goods may change heavily if prices of raw materials increase. It also offers a lower balance shown as leftover inventory.

With lower tax liability due to a lower rate of income, this type of inventory management is effective in growth. LIFO is ideal for rolling stocks manufacturers, oil and gas sectors, power generation, and the transportation industry.

Cons of LIFO

Due to the challenges in maintenance, LIFO is a bit more technical as older inventory can sometimes never be sold or shipped out. This bears encumbrances as accounts can derive loss of money. Thus, it slows down growth. LIFO runs inventory and needs more complex records and advanced accounting practices. Even unsold items in the stock are included for support in the accounting of this system with this inventory management concept.

Grocery stores and restaurants cannot use this concept as it results in the rotting of most of the items which have later expiry dates. Shelved artifacts which are not sold are costly. Also, globally expanding businesses and companies cannot use LIFO due to the difference in accounting standards, which do not follow the LIFO methods. Efforts have been undertaken to repeal the LIFO standards in the US, but only further restrictions are seen with recent trends.

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 critical aspects of every business is allocating costs. Cost accounting has increasingly become the critical focus where IT infrastructures are being constructed. For example, keeping sight of budget limitations, funds allocated to computers, networking, and communication hardware make up almost one-third of the IT budget. 

It is usual for infrastructure costs to be determined by the number of units a business has and how they are placed in the cost allocation plan (CAP). All assets are used according to the roles of the business units, so a simplified cost allocation plan is implemented in which servers and networking infrastructures are allotted accordingly. The latest technology now enables user-based cost accounting using enterprise software that leads to pricing bliss.

IT infrastructures, especially enterprise software architecture, are designed to use multi-tier client-server applications. With such a vital and complex need for essential software, the determination of allocating costs becomes perplexing. Once assets are inducted into a business unit, both hardware and software costs are dedicated and preserved as direct costs.

Using an asset in a shared environment per resource capability has been seen in business today. DCHP, ISA, Database, Application, email, hosting, and cloud servers are among many. In such environments, the cost driver is determined by the workload produced by clientele and the consumption of resources in IT infrastructure for cost accounting.

For instance, an application server can host dozens of applications. Still, other scenarios where the same server would host two or three applications according to the function it carries out, like email servers. As servers are part of a solution and not a standalone product, it is a more extensive IT system layer.

Usually, all such software and hardware come in tiers, and one is needed to run the other within the IT infrastructure. A cost accounting method would diminish significant problems and obstacles while providing other assets with more resources to utilize. For instance, 3-tier database applications consist of three servers, i.e., web, application, and database servers, which can all be shared to perform various duties for different applications.  

This raises concerns that application owners would have to handle most of the costs as direct costs while other users would utilize them. Therefore, a usage-based model would be advantageous to implement, as costs can be allocated to owners or even users to produce more transparency. It may even determine consumption-based cost accounting keys for allocation in any IT infrastructure.

Simple Ideas to Determine Usage-Based Cost Allocation Keys

Practices

Identification of costs is an organizational practice that distributes cost allocation. This focuses on making IT costs identifiable and ensuring proper assignment to accounting objects, such as IT services.

It also makes assessment and evaluation easier. Forecasting and decision-making are also somewhat straightforward and simplified. Also, it helps with cost recovery, which is setting prices of IT Services and charging the units using them. One objective is to determine incentives, for instance, to regulate supply, cost-conscious behavior, and IT services demand.

Resources profiles for cost accounting in IT infrastructures

From the customer’s point of view (business units, users), the complex software and hardware integration is not genuinely understood in some cases. They view it as a box that uses GUI software to provide services. Categories can include execution of the transaction, such as stock or order, and information access, like retrieving and storing details.

There could be several selections of one or more of such services, and some services consist of several applications, resulting in similar resource consumption in an IT infrastructure. 

Resource estimation

For significant cost accounting purposes, existing tools needed for profiling resources in the heterogeneous environment have drawbacks. Firstly, performance diagnostic problems and technology and vendor-specific tools do not cover all resources.

The service profiler tool is a load generator that uses standard monitoring tools of UNIX, Linux, and Microsoft Windows. These OS Tools help in detailed monitoring. Several other tools are used for resource profiling, which helps prepare an overview of resource consumption expectations for various user behavior patterns.

Evaluating queuing network theory

For cost accounting allocation keys using resource profiles, profiles must be independent of the system’s workload or services. These are excellent tools for validating assumptions. By accurately predicting resource utilization, it is safe to assume that estimates are accurate and independent of system workload.

Other vital work

Service-level resource profile needs are well substantiated in cost accounting. Funke, Scheeg, Nagaprabhanjan, and Apte have published individual works in cost accounting and IT Controlling.

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.

Boost Reputation by Using LinkedIn as a Real Web Showcase

It is necessary to complete all of the fields of your professional page to make your services and activity very clear. You must also publish the URL of your website and integrate the link with your other networks. To generate qualified B2B traffic to your profile, install a “follow the company” button on your website to encourage users to subscribe to the page. It is possible to create the appropriate call-to-action button on the developer space without technical competence and place it on your site. The link is https://developer.linkedin.com/plugins.

Adapt your Animation Strategy to Professional Social Networks

According to the network, the lifetime of publications varies: publishing a post per day on LinkedIn is sufficient (Source: Web Boulevard). To improve the impact of B2B publications, it is necessary to choose the correct information and the right moment to post. To engage your audience more strongly on LinkedIn, it should be published in the day from Tuesday to Thursday.

These are the days when the audience seems the most receptive. It is possible to choose which subscribers to show their publications to by clicking on “Targeted Audience” from the drop-down menu. It would help if you stuck precisely to expectations by defining several messages based on professional audiences defined beforehand. The criteria that help define them are description, size of the company, function, sector, and seniority.

Instantly Reach Professional Network with “Text Ads” and “Sponsored Updates”

It is possible to obtain a conversion rate of 15% thanks to the new LinkedIn sponsored links formats (Source: Athomedia). To do this, develop a new profitable source of B2B prospects by targeting the ad recipients very precisely: a sector of activity, size of the company, position, place, age, sex, etc.

It is then necessary to return to “professional solutions” and then “advertise” to get started. It is possible to choose to sponsor a news item that has already been published or create a complete announcement consisting of an image/video, title, text, and a destination URL.

Get Ahead of Competitors by Appearing at the Top of Google Results with Images of Tweets

68% of searched expressions trigger the display of the universal image search. Google displays up to 12 images in addition to the Google Shopping pod in its results. You can take advantage of extra traffic by adding an image description with up to 420 characters when tweeting. This feature automatically adds a new SEO tag to images that can then be indexed in the Google search engine.

Satisfy B2B Buyers by Making Twitter your New Customer Relationship Tool

You have to use the “switch from public tweet to private conversation” feature to do this. Thus, it is necessary to publish a tweet with a call to action prompting the professional to write the rest of the conversation via private message. To obtain the numerical identifier of your account, display “your Twitter data” in “parameters” to obtain the user identifier registered under the user name.

Increase the Number of Professional Prospects by Detecting them Quickly on Twitter

Use simple tools like search.twitter.com to search by keywords on tweets. This allows you to discover which companies are positioned on the same hashtags. It is also possible to find business customers by analyzing Twitter profiles that search for keywords related to business activity.

Boost your Visibility B2B via Facebook

Social media is in third place in the ranking of the most effective lead generation channels. It is interesting to generate a new category of prospects using inbound marketing on the social network. It is about positioning yourself as an expert on your subject via your Facebook page by answering questions, posting tips, participating in debates, and then redirecting your audience to call to action and forms to generate new leads.

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

There is no chance for you to make money on your real estate investment if you do not sell your property, which means attracting potential buyers. Pricing the property accurately is vital, but it can be hard to sell at the desired price without any marketing.

Being a fix and flip investor, your priority is to sell the property as soon as possible and move on to the next one. Marketing is an excellent source of speeding up this process as you will attract a lot more buyers because of the enhanced reach. Below are some of the tips and tricks that can help you boost property sales.

Marketing for Real Estate

Snap Professional Photos

A picture can tell a story independently, and you can have your property speak for itself. Using your phone camera to take photographs can turn out to be a bad option. Instead, purchase a digital camera or hire a professional photographer for the job.

Being a fix and flip investor, your priority is to sell the property as soon as possible, and nothing attracts a buyer more than a beautiful shot of their potential home or office. Ensure that the photos are clear and are taken on a bright, sunny day so that there are no shadows and viewers can see everything. The pictures must be worthy of that energy because you have spent the time and money on this real estate investment,

Hiring an Agent

You will need to decide whether you will sell the property yourself or hire an agent to do the job for you. If this is your first endeavor, it is better to seek the help of a professional as they are well aware of the marketing and selling aspects of a property.

The agent may charge a certain fee, but you will gain significant insights into how the process works. Assuming yourself as a fix and flip investor, get an agent on board who has an excellent reputation for successful marketing to other buyers. Without marketing, your investment will only entice a few offers.

Staging the Property

To appeal to the buyers and customers, you must find ways to enhance their interest. One way to do that is staging. Empty rooms tend to make the property look boring. Therefore, placing furniture and decorating the property allows the buyers to envision the feeling of living in the property and helps them to foresee the use of space efficiently. Use simple items such as paintings, lamps, plants, and rugs to offer an enchanting aura and warm vibe to the property. Staging your property will surely boost the chances of a sale. You can use the same decorative items for your next property as well, so it would be just a one-time investment unless you choose to use a staging company.

Curb Appeal

Another crucial factor that can market the property for you is curb appeal. Whenever a potential buyer is looking at the photos or visiting the premises, the curb appeal will make a difference. Doing some landscaping to the property by adding a garden with flowers or fixing the damages to the doors and walls can significantly influence the buyer to make a purchase decision.

This has no limits, and you can add on as many things as you want, depending on your budget. Fix and flip investors usually don’t focus much on curb appeal. However, this is one thing that can be improved upon. The more creativity you install into it, the better it is for your real estate marketing.  

Give a Detailed Description

Wherever you are listing the property, don’t include just the number of rooms or how spacious the property is. Instead, focus on the value and benefits associated with the property. Besides the photos, your description of the property will significantly impact a buyer’s decision. If they see value in your property, they will be more inclined to buy it without you having to make an extra effort.

Virtual Tour

With the advancement of technology, everything is at your convenience now. For fix and flip investors, this is a great asset as it saves them a lot of time. Physical tours have to be planned and scheduled in advance, besides the nuisance of traveling. Everything, from walking through the property to 360-degree panoramic views, is possible by a virtual tour. Your potential buyers will love it, and so will you.

Social Media

You cannot miss the importance of social media when talking about marketing for real estate. With a vast audience, social media platforms are the perfect place for uploading photographs, videos, and descriptions of the property, and anyone interested can view it. This is an efficient, low-cost marketing solution for fix and flip investors looking to boost their sales.

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 timetable reflects its maker’s distinctive set of precedence and responsibilities. No two people have the same impression of what constitutes perfect time management. The final determining factor is exclusive, whether your relationship with time is productive and happy, which allows you to meet professional responsibilities, enjoy the company of your loved ones, and take excellent care of your health.

Burnout is the result of skewed life choices that focus on one thing at the expense of others. Most of us want our lives to be comprehensive. Whether you’re self-employed or work for someone else, feeling overloaded and stressed is a common issue. Even though there is no size fits all plan, here are a few essential basics for the effective management of time.

Time Management Rules

Planning

Planning is fundamental to everything in life. Whether it is your job or preparing for your daily routine, this can significantly make all the difference. Before deciding, it must be viable and easily implemented daily because that will make it a reality. Write your day-to-day activities on a piece of paper and try to be as accurate as possible. When everything is in front of you in written form, you can better assess the time you are spending on each task and ultimately plan for effective time management.

The best time management plans should be holistic and cover everything in your life, rather than your working hours or some other specified period. Try to assign time to each activity separately rather than spending most of your time at work and then running through other tasks with whatever time you have to spare. You will start to feel the difference after some time, and any adjustments that need to be made are catered to accordingly.

Break Down Tasks

Looking at a big task in front of you can make you feel hopeless and tired, even before you have started. Because you are anticipating it to take a lot of time, it ends up taking even more. Breaking the task into smaller components will motivate and provide you with a sense of achievement upon completion of each step. Time management is a skill that can be learned with practice. Breaking down a more significant task into smaller ones will ensure that you can effectively implement it in your life.

Prioritize

There are always certain things that are more important than others. Prioritizing daily tasks in a manner of their importance is another helpful way to manage your time effectively. Though you can shuffle the order depending on unforeseen circumstances, having a schedule before starting is always a good idea. It will keep you moving and away from procrastination. There might be occasions when a new task appears out of nowhere that you don’t have time for. In such cases, you may have to reschedule or say no to the new task. Remember, saying no is always an option.

Plan for Exercising and Socializing

A healthy lifestyle requires you to balance everything in your work life, private life, and social life. Relieving yourself from even one of them can have significant consequences in your life. Whether it’s going to the gym or taking a yoga class, there must be allocated time for exercise and movement in your schedule. Exercising has a positive effect on your brain that enhances your productivity and keeps you healthy.

Similarly, socializing with your friends and family is also a critical factor in effective time management. You must give some time to your family. Additionally, meeting up with friends is always a good idea because that is often the most fun time in a day.

All of these factors contribute to a healthy and productive lifestyle. Therefore, how you allocate time to each of these tasks will significantly influence 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.

Value Your Hard-Earned Money

The biggest misconceptions about household budgeting are spending less, compromising your superfluity lifestyle, and financial restrictions on everything, which means no family hangouts, shopping, and vacations. Budgeting may be associated with a frugal lifestyle, but it doesn’t have to be in reality.

Budgeting doesn’t have to make you spend less, but it indeed allows you to spend smart, as it prevents you from overspending on less essential items. Staying on top of your hard-earned money is essential for ideal budgeting because, without knowing your monthly expense limit, you cannot expect to have success. Similarly, you cannot expect to make better financial decisions and projections if you do not have a clear picture of your cash flow or finances.

Allocating Your Paycheck(s) Wisely

Although people may have different perspectives about household budgeting, no one can deny that households can save a lot of money for hard times if they budget their monthly paycheck(s) correctly. Households must set their priorities and budget their resources effectively to have a financially secure and stable future.

Creating a household budget to limit certain extraneous expenses and knowing the actual status of your finances requires a lot of commitment, patience, planning, and wisdom. Your motivation and determination encourage you to save for your family to meet financial uncertainties and emergencies.

Budgeting Helps in Maintaining a Healthy Lifestyle

Cutting monthly expenses is undoubtedly an intimidating task for most households, especially those who have just tied the knot. You and your significant other ideally need to make a household budgeting plan right from the beginning to have a financially secure and healthy lifestyle. The need to manage your paycheck(s) has become more intense than in previous times, which means ideal management of resources is nearly impossible without making a proper budgeting plan.

Household Budgeting Options

Households that cannot budget their paycheck(s) properly have two options to consider. 1) Hire a budgeting partner 2) Employ household budgeting software. Those who find it challenging and costly to hire a personal budgeting mentor can utilize advanced budgeting software to budget their monthly paycheck(s). You need to search and utilize the software to deliver you the best results and budgeting plan according to your needs.

Managing Accounts with Accounting Software

Have you ever wondered why so many start-ups fail to manage their internal and external finances? The reason is apparent. They most likely lack the accounting knowledge, skills, and abilities to manage their finances and reduce costs that can be avoided.

Plus, they also fail to maintain order in their cash flow (influx or outflow of cash). Sketching a clear picture of your financial standing may be hard but not impossible. Businesses also have two options to know the current financial position of their company. Either to 1) hire an accounting professional or 2) Use accounting software.

Accounting Software Or Household Budgeting Software—Is There A Difference?

Yes, accounting and household budgeting software are entirely different, but both serve the right need of their respective domains! Accounting software helps business owners reduce costly errors, minimize tax bills, repayments of debt(s), and help businesses of every scale know their finances’ exact status for making financial projections. On the other hand, household budgeting software helps families manage their monthly paycheck(s) and wisely allocate their hard-earned income.

Accounting and Budgeting—Done Right!

The best part is now you have access to the best accounting and bookkeeping agencies that will help you manage your accounts and help you with household budgeting. Some companies offer a discounted bundle of services or packages which can be cost-effective and reliable.

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.