Category: Content

The simplest definition is: passive income is income that you generate without actively taking care of it. This means that you make money by doing nothing or very little to generate that income. Most of the time when a person wants to increase his income, he is offered to find a job or to work overtime. No question of that with passive income. Anyway, do you have the time and / or energy to do a job in addition to yours? I did it and I know that is not the right solution. I exchanged my time for money. It is not as interesting as making money by doing nothing or almost nothing! It takes a little time and investment.

Here are some ideas that I hope will inspire you. These passive income ideas will help you save money while you sleep.

Invest in crowdfunding

There is probably no safer investment than placing your money on a Livret A and touching the interest. Unfortunately, the interest rates are so low that it is only worth it for your precautionary savings. Touching 0.75% a year will not make you richer.  Obviously at this rate there are risks.

What risks?

Risks of bankruptcy concerning the companies to which you lend your money. Most loans are covered by insurance but there is always a risk. To smooth this risk, you need to invest small amounts on several medias. If you have $1,000 to place, do not invest it all on a single company but rather $50 on 20 companies. So you do not risk losing everything on a single investment. Despite the risk of default, it is very likely that you will earn more than putting your money on a booklet. Even life insurance. I have a gross return of 9.53% currently thanks to crowd funding organizations. I lend essentially through the pretup platform. If you invest $200 in less than 3 months on one or more projects you will earn $15 and me too!

Try index funds

An index fund is a fund that replicates a stock market index, for example the CAC40. Passive fund management leads to lower fees than traditional funds. Trackers are called trackers in English. Warren Buffet said trackers were the best stock market for beginners. The CAC40 has gained more than 10% since January 1st! It’s a very simple investment. You have nothing to manage, buy, sell, choose your funds, or rebalance your portfolio. Everything is managed by the index fund.

With any broker, you are free to choose a fund that is based on any index. For example, there are index funds created for almost all market sectors – energy, precious metals, banks, emerging markets, and so on. All you have to do is decide which one you want to buy, then invest money and relax. Your stock portfolio will then be on autopilot.

Binck.fr is an online broker that will allow you to invest in a tracker. $0 account keeping, $0 custody fee. I recommend investing 5regularly in a tracker reflecting a fund such as the CAC40 or the S & P 500. For example, put $50 every month in the tracker lyxor cac40 and you will be long-term winner. To compare online brokers, use Online Broker Comparison software. 

Invest in real estate

Real estate is an easy way to create wealth. Everything may seem difficult when you are not used to it but there is no magic. You have to train, read, listen and learn. Once you have bought one or more apartments or buildings, you repay the loans and collect the rents. This gives you an interesting passive income. You still need to manage your property.

If you want to be quiet, you can delegate management work to a real estate agency. Obviously, you will lose profitability. Or invest in real estate crowdfunding through Homunity . You have nothing to manage except to select your project and collect between 8 and 10% yield. In addition, it is practical for the small budgets, you can begin to invest in the real estate from $1,000.

Write a book and earn royalties

As for writing an ebook, a lot of work upstream is mandatory. But once the book is written and marketed, it becomes a totally passive source of income. If you manage to sell your book to a publisher, it will pay you a percentage on each sale and if the book sells well the pay could be substantial!

There are still many other passive income ideas to put in place. Before you become passive income, you will have to build these revenues with work upstream. Believe in yourself and try. Thousands of people have sources of passive income. 

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

Keeping track of your day-to-day spending can be a difficult task. There are some people who will take the first steps on this journey, but let the planning aside. The big problem is that this disrupts the plans in the long run, since only with a good control of expenses it is possible to have extra money to realize dreams.

 

 

1. Do not limit the budget by period

The first point to not spend all the money you have (and sometimes even what you do not have) is to limit the expenses of each period. Set, for example, a maximum weekly value. Then you can separate this money into 4 envelopes for the month, using one each week. Believe: this simple action is very effective! When you leave all your free balance in your account, you end up spending all the money before closing the month, and going into the red.

 

2. Do not control your expenses daily

An ice cream, a soda, and a magazine at the newsstand: that’s not a budget issue, right? Wrong! By adding up these small expenses, it is easy to see that, from grain to grain, the bag of expenses soon fills up. For simplicity, use a spreadsheet, software, or an application to record all your expenses, regardless of the value. That way you can keep up with the day-to-day expenses without suffering, and learn to control the impulses. In the end, save for the simple fact of monitoring your expenses daily!

 

3. Do not set goals

How much do you intend to save? What value do you want to save per month? These questions show how important it is to set economic goals. By setting a goal, you not only get motivated to achieve it but also know if you are on the right path or not. Begin, for example, by thinking:

• in total you want to save on the month;
• in the value destined to investments;
• in eliminating interest for delaying the payment of bills.

 

 

4. Do not try to reduce fixed expenses

Have you ever considered whether one of your goals is to reduce your total rent? But then you can think: it is impossible, because this is a fixed expense! If you pay too high with this or other more stable expenses, a good request is to look for more economical alternatives. Reductions in rent, internet, subscription to newspapers and magazines, telephone and cable TV may be contemplated. Periodically review these payments and seek to reduce those you use less!

 

5. Do not be prudent with credit

It is important to analyze your options, figuring out how and when to use credit in a healthy way. How about not immediately calling a credit card when making a purchase? Before, see if you have cash discount! So you save money and still avoid accumulating a new installment. And pay close attention to the amount that will come in the invoice, so as not to compromise your budget, okay?

Also be cautious before acquiring any type of loan. If you are buying a house or a car , for example, do a detailed search between banks and compare with the acquisition of a consortium , since the difference in rates and the value of the plots can be huge.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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 starting a business, big or small, one of the most fundamental aspects is finance. Whether a person likes it or not, finance is a huge part of starting any business that needs to be taken care of. The only thing more important than capital is the ability to use it properly. Monitoring financials while maintaining an independent venture frequently feels like a mind-boggling task. While keeping day-by-day activities above water, overseeing staff, and imaginatively planning, funds regularly fall by the wayside. It will, in general, be a lethal misstep for some independent ventures. One has to be smart enough to use a small amount of money for bigger purposes. Here are some tips that apply to all businesses and should always be followed:

Investing and Spending

One should keep in concern that there’s a lot of difference between investing in the business to help it intensify and spending money on it. The actual prominent difference is that investing in business promises healthy and long-term returns. A few risks are involved, which mostly depend upon the investing capability of the owner. However, spending is just spending. There’s no surety that what has been spent will be returned. Therefore, a deep insight needs to be done to decide what should be spent and how it should be invested. 

Keeping the Records

The most crucial factor about investing is keeping records of every cent that has been invested or spent on the business. It will help a person keep track of their business expenditures. The record can also be used to make sequences of business finance. Even if there is a loss, it will help find out the mischiefs that need not be repeated. There’s no point that the records will prove useless. At one time or another, they will be needed. Be it a loss or profit, be it a conflict or partnership, financial records will always be required.

Isolated Accounts

It is naive to use one’s account also as one business account. Even before starting the business, it should be made sure that one has separate accounts for both personal and business use. While having a combined account, there is a great possibility that the person will lose control over both of the accounts. It will cause deep problems that a businessperson should never have to face. Therefore, it is suggested that one should keep isolated accounts for both business and personal use to avoid such mix-ups. 

Smart Spending

As a businessman, I know that many expenses always need to be paid, mostly regularly. It is obvious; there should be a way paved that helps out in spending less while getting more. While considering this, a person should avoid all kinds of extra expenses. Smart spending doesn’t mean cutting all the necessary stuff because it costs much more. To control this, one should make a list of regularly required expenses and the possible ways to minimize them. Once the list has been made, the person will be left with the most feasible and least expensive ways. 

Forget Delaying

When an expenditure is obvious, one should pay it off—delaying the payment just because there is a choice that will result in nothing but increasing money consumption. A person should understand that running away from accounting doesn’t help; it just creates more issues with time. This is precisely why, by procrastinating in accounting, one will have to face a mess, which can even result in a great loss. 

The tips mentioned above will help people manage their finances better and avoid blunders. Proper financial management can easily make the difference between success and failure, and it is important to manage it appropriately for the sake of future success. 

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

The good news is that the Internet opens infinite business possibilities to those who seek them. Passive income, online stores, remote work, courses and more: everything is part of the online labor market. But not everything that shines is gold: no worthwhile business is easy and it brings ‘quick money’. Having real success and being able to live on income online requires perseverance and effort. There are no shortcuts if you want to have a profitable online business.

Sell through Amazon

The Fulfilled by Amazon program allows you to sell products to customers anywhere in the world. It is not necessary to have stock or your own deposit, since Amazon is responsible for packing them and sending them directly. You do not have to handle inventory either, and you only have to pay for the warehouse space while Amazon completes your orders.

Refer products through Amazon Associates

Many bloggers earn money by referring Amazon products. You just have to create a free Amazon Associates account, and use custom links to make sure you get credit if someone buys the product.

You can refer products from your personal website, or share links on social networks. The goal is to educate your audience about how the products you promote are valuable, and convince them to buy them through your links.

Sell ​​through Etsy

Etsy is the platform par excellence to sell crafts. While it is not free, Etsy sellers have the opportunity to earn a lot of money as long as they are smart when it comes to promoting their business. While most sell products, there is also the possibility of selling services through the platform.

Sell photos online

The demand for original photographs is growing more and more in the online world. Blogs, news portals, social networks, and more: everyone looks for quality images. If your album is full of photographs -or you are willing to make some new ones- sites like Envato , Shutterstock , and iStockPhoto are places where you can sell them. It is not necessary to keep a single platform, since exclusive licenses are not mandatory.

Sell your own digital product

A good way to take advantage of your knowledge is to turn them into a digital product. Courses, e-books, or videos: everything can become the means to teach your audience. While creating and promoting these products takes time, it is a good way to generate profits repeatedly.

Collect royalties

Musicians, actors, and authors have the possibility of generating money through royalties. While getting to the point of charging for people to take advantage of your creative talents is a difficult task, it is often worthwhile to follow this path to create a passive source of income. If your talents are not enough but you are interested in the royalty market, visit Royalty Exchange; a platform for buying and selling them.

Invest in stocks and shares

Investing is one of the best ways to generate passive income. But not everything that shines is gold: knowing where to put your money entails keeping up with the movements of the markets, and not being afraid of the risk of losing from time to time. Thanks to the Internet, today it is possible to invest in markets around the world without leaving your home.

Create a mobile application

The mobile applications market is booming, and with a view to continue growing. By 2020 it is projected that this market will generate around 189 billion dollars in profits. But what applications can be successful? As in a traditional business, everything depends on finding a problem that many people have, and creating an application that solves it.

Conduct online surveys

While you’re not going to become a millionaire by filling out online surveys, it’s a good way to make some money in your free time. Many specialized websites pay for useful data for businesses and marketers. Some popular sites are:

• Inbox Dollars
• Global Test Market
• Pinecone Research
• SwagBucks
• MySurvey
• Vindale Research
• Survey Voices
• SuperPayMe
• Offer Nation
• SquishyCash
• OpinionPLUS

Sell and buy Domains

The domains are part of the brand of any company. And it is increasingly difficult to find good free domains. This is where a very special market is located: the private purchase-sale of domains. How does it work? In short, a person buys an already established domain (that is, with traffic) or with a combination of popular words; then re-sell it at a higher price (domains like VacationRentals.com are sold for the modest sum of US $ 35 million). This list is far from including all the ways to generate income online. The possibilities and new markets are constantly changing!

What is certain is that the Internet is changing the rules of the game, and traditional paradigms of work are collapsing.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

PROBLEMS-

1. Too much credit:

An individual thinks that using too much credit would be fun but they are unaware of the fact that it will cost a lot. Borrowing has to be paid back as soon as possible so as the credits too. We applied for a good use of credit card but failed to cope over those expectations.

2. Not paying bills on time:

Most of us delay at the time of payment due to several reasons. An individual wants maximum amount of money without working hard or paying bills. For several products we do not directly pay bills through cash because of the credit card system. In the end, we are trapped by the credit bills.

3. Using more than your balance:

An individual deposits a sufficient amount, where else, uses more than that. Besides, it is a credit card. But, we are unaware of certain consequences emotionally at that time and cry at the end blaming the banks. Blaming is easy, acceptance is difficult.

4. Using at daily purpose:

As soon as we receive a credit card, we start using it on daily purposes. Whether it is a gas station or a grocery, we use card. We become so bound to it that we tend to forget about the savings, salaries, rents, etc. For minor expenses, it is totally a bad option.

5. Consuming maximum for rewards:

The credit card companies attract the holders to use more credit to attain certain rewards. For earning few rewards, people use their cards more and then get huge bills at the end. They have to pay the bills at any cost. Rewards system is not necessary to be consumed every time.

6. Lending card to your friends:

So, many people lend their credit cards to their friends, family or beloved for certain shopping. Most of the time, these people use the maximum amount and do not pay at the end. An individual suffers the loss alone because he/ she were the account holder.

7. High interest rates:

People apply for a credit card, avoiding the fact that many banks charge high interest rates. They spend the most credit and end up paying the most money with high interest.

SOLUTIONS-

1. Avoid using too much from your card:

The first and the most important solution of the misuse of credit cards is avoid using it too often. Stop being too dependent on the card because at the end, and individual has to pay the bill for it as well.

2. Buy things from your income:

Buy the things you adore or the groceries from your personal income, unless and until something bad happens. Stop using the credit/ borrowed amount for the necessary things. This will lead to your own exploitation.

3. Don’t be too grateful:

Stop being too grateful towards everybody you know. Avoid giving them your card because in the end, you will have to pay for it. They won’t pay a penny and blame you for your card charging too much cash every time.

4. Stop wasting money from credit card:

Just stop wasting your money from the credit card or more of the credited balance. Save that money for emergency sake. The excess money used will be of no use. So, simply avoid it.

5. Go for low interest rates:

Go for the low interest rated banks. Be careful before applying for it because every single penny worth. The lower the interest rate would be the low amount one might be paying at the end.

6. Don’t use it daily:

Never use your credit card daily. The daily use will increase the reward amount (that is always lower than the used amount) and of the credit card bills as well.

7. Pay your bills on time:

Always pay your bills on time no matter what happens because one delay will be a huge amount for the next time with high interest applied. Use your card wisely within certain limitations of your personal income.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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 it comes to building equity and generating income, investments soon come to mind, right? But how do you know if investing in real estate really is worth it? Is it really that ideal? Especially if you are a novice investor, it is more than common to have doubts whether this type of investment is, in fact, the best alternative. Ready to draw your own conclusions if real estate is (or is not) good investments? Then follow:

 

Why invest in real estate?

Before marking visits, probing consortium or doing financing simulations, anyone who still has doubts about investing in real estate should start to better understand why these are good investments, do not you agree? Among these reasons are questions such as:

 

They are very versatile goods

By purchasing a property as an investment, you become the owner of a fixed asset of high value. This means that it is possible to generate income through the rent, as well as reform it to resell at a more appropriate time, when there is an increase in demand, and so on. More than that, you obviously can enjoy the property, since it’s yours! All this makes it a very flexible investment and adaptable to your needs, as well as the state of the market as a whole.

 

They have good profitability

Taking into account several variables, ranging from location to footage, one can observe a very attractive advantage: profitability. Ever thought renting a seasonal property in a prime area of ​​the city or even leasing a commercial room in a prime location can deliver much higher profits than most other investments? This not only causes you to recover the money invested faster but also ensures a monthly income over the time the property remains under your property.

 

They are safe options

In the investment market in general, it is often necessary to take risks that are not always desirable to obtain profitability. As a consequence, investors are often forced to choose between profitability and security. Already with the investment in real estate, this dilemma simply does not exist. The logic could not be more simple and direct: having acquired the property, the property is yours. And while it is necessary to take certain precautions regarding depreciation, the investment is not lost. This allows you to get the best of both worlds in order to ensure a good structure for your budget.

 

They have good valuation power

Most traditional investments depend on economic indicators (such as interest rates and inflation) to undergo valuation or devaluation. And while the value of real estate is also affected by the state of the economy, they generally hold great valuation power – better than other investments. Imagine, for example, a neutral economic situation with moderate growth and an expected credit supply.

In this scenario, the majority of the investments have appreciation of average to low due to the stagnation of the main economic indicators. The property, on the other hand, can be valued! For this, it is enough to have an improvement of infrastructure in the place or a heating in the offer of credit, for example.

Also worth it in times of instability?

It is very common to hear that investing in real estate during periods of uncertainty is not a good idea, right? And of course, just like virtually every other sector of the economy, the real estate market also tends to suffer from economic stagnation. This does not mean, however, that investment in real estate is no longer a good opportunity. In fact, what happens is just the opposite! Investing in real estate even during these contexts can be beneficial because:

 

The properties are standing in the market

As the supply of credit falls and the financial situation of families becomes more complicated, it is more than natural that the demand for real estate also suffer a decrease. Because it is a more value-added asset, it is no longer a priority (or even a possibility) for buyers in times of instability. As a result, the properties that are on the market are stuck: launches run aground and used properties tend to take longer to find buyers.

But how does this favor your investment? Simple: when you want to buy a property, you become a great business opportunity for those who sell, and hold the power in a possible negotiation. As a result, it is easier to buy the property with facilitated conditions, which would probably not be found out of this situation.

 

Prices are lower than normal

The deterioration of the economy and the delay in real estate have a direct impact on prices, which tend to fall. In this scenario, the price of a property put up for sale may suffer a significant reduction. And even if it is valued, it is necessary to keep up with the demand – which, at the moment, is much lower. When leaving to invest in real estate in that period, therefore, you can acquire a unit with extremely advantageous discounts, making the return on investment soaring.

 

Rental search increases

It’s okay that people buy less real estate in difficult times, but that’s not why they neglect the need for housing. It is natural, therefore, that there is an increase in the demand for real estate leasing. When acquiring a unit at such a delicate time, resale is actually more difficult. On the other hand, you can rent the property, especially if it offers a more inviting price. As a result, the asset can start generating income almost immediately, allowing you to recover the investment early.

 

Other investments become more risky

It is common that general instability is accompanied by economic stumbling. And that is not good for investments. As a result, making other investments becomes considerably more risky than buying a property, which will continue to be your property.

An investment that depends on inflation, for example, can quickly lose profitability when the economic situation returns to healthy levels. The property, on the other hand, only tends to become an increasingly profitable investment for your pocket.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

Having an effective financial management in the SME depends on good planning, an adequate cost structure and a good management of liquidity and treasury. Many companies encounter the problem of not investing every day because they have no financing. And if they don’t have financing, it’s because they lack control of it.

However, it is possible that if you are self-employed or if you have a small business, you begin to successfully and effectively manage this area of ​​your business. In this post we will see some financial management tips that you can start applying in your company and for which it will be extremely useful to have an ERP in the cloud like my management.

 

1. Create due dates for your invoices

One of the problems of financial management, is liquidity. If customers do not pay in the corresponding time, the company or the self-employed person may encounter cash problems when paying their suppliers. So that this does not happen, we must try to clarify the payment terms with our customers and enforce them.

One of the options offered by your ERP, is that you can set the due dates of your invoices based on the payment method. You can see it in our user guide billing in the cloud. For example, perhaps if the modality chosen by the client to pay for the order is by check, you want to establish a shorter payment term, since charging the operation will take you more time than by bank transfer.

 

2. Control installment payments

Suppose you are going to charge your client a considerable amount of money. It is perhaps too much to do in a single payment. Then you decide to choose the installment payment, where you must decide the time available to pay and the fees you will have to pay each time.

The installment payments are a way to better manage your liquidity , since instead of having to wait 2-3 months until the client makes the payment, you can get maybe 50% at the beginning, 25% the following month and another 25% the next. This gives you much more liquidity margin to face the payments you have to make.

 

3. Adjust your cost structure

In your online ERP you can also see the relationship between income and costs. There will be some costs that are eventual and others fixed. In order for your business to have some flexibility, you need to adjust your fixed costs so that they don’t inconvenience the growth of your business.

This has, for example, a great relationship with the seasonal factors that influence your sales and your income. Perhaps during the summer you sell less and the fixed costs have a greater weight on your finances, which is noticeably in a lower profit or, even, that you incur losses. Ideally, your cost structure is tight enough so that you can retain control.

 

4. Limit external financing

Increasing your column of liabilities to have a greater liquidity can have a drawback: the increase in fixed costs in payment of loan installments and interest. Although having short-term financing is a great help for companies to deal with their payments, the truth is that having a large dependence on external financing harms your business.

The key is to limit external financing to the needs of the project. Indebtedness in itself is not bad; what is bad is not knowing how to use this financing to invest in assets that in turn generate a return on investment that results in an increase in profits.

Analyze in detail how much you are going to invest, how much you will depend on external financing and how much of the company’s funds, to what extent you will report benefits and how long it will take to generate them. Having a detailed financing plan is essential for financial management.

 

5. Reduce your financial dependence

Many SMEs and freelancers have the problem that they depend excessively on a small group of recurring clients. Or, even, they may only have a fixed client. A delay in the payment of this type of customers can cause liquidity problems in the company, so it is necessary to reduce their dependence.

In this case, there are several strategies you can follow to win financial independence. For example, you can try to get more fixed or recurring customers to reduce their percentage over the total amount, which would make a delay in payment not affect the waterline of your business.

Another option is to diversify, opening to other business lines and alternative sources of income. Also create a portfolio of prospective clients wide enough to reduce your dependence on fixed customers.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

Actually, it’s a matter of thinking about what talent or skill you have. Then think if people would pay for it. Finally, think about how you will sell the idea to introduce that talent and earn money with it. There is almost always a way to do it.

Lifeguard

Many are the private urbanizations in neighboring communities, which are obliged to hire a lifeguard and municipal swimming pools of town halls. This summer work has had a great reception for many young and not so young boys, who have filled the classrooms with preparation for this work. Yes, that’s the bad thing, to be a lifeguard, you must attend a course to prepare yourself and know the basics as a rule.

Sell original products to tourists

We can see hundreds of stalls selling all kinds of products, but imagine looking for those rare products online and sell them to tourists. They must be products that really attract attention. Considering that you usually sell things of all kinds, imagine if you make a difference with really original objects.

Themed parties

Question of organizing an event, talking with the owners of premises and terraces to make a party of the theme you think is convenient. In this case, your work will be the organizer of the event and intermediary. Give your imagination a free rein.

Sell Hawaiian shirts to earn money in summer

Something has the Hawaiian shirts that they like, especially in the coastal areas. Even if we search Amazon, we could find Hawaiian shirts for $20. According to which internet sites, you could find them cheaper. You only have to make your wholesale purchase on the internet and sell unitarily to tourists.

Kangaroo

In summer, people tend to go out more. The weather accompanies. The babysitting service increases your demand on these dates. Even hiring hours increase sometimes, even for full days. It is a matter of raising it.

Pet care

We do not talk about walking dogs. The truth is that many people, when they go on vacation, do not like kennels and prefer to let their pet have human contact with a person they trust. It’s not that you’re going to get rich with this business idea, but if you like animals, you can earn some money by taking care of someone else’s pet.

Waiter

Obviously, it has always been the job that most students have chosen to get extra money in the summer. In areas of high tourism, you can more than earn extra money. You have the possibility of earning money that will keep you all winter. It is clear that, as in any profession, the specialization in a specific branch can make your hours more profitable than that of the waiter to dry.

Replace workers for vacations

Great opportunity to find a job, even for the summer months, in which the company must obligatorily give their workers vacations. Today, a large part of companies prefer to hire substitutes before closing the summer months. Find your opportunity there. With a little luck and competitiveness, you may be chosen to work later.

Social animator

They are required in summer camps, hotels, and trips. If you are an outgoing person, with a happy and imaginative character, currently, only in Spain around 20,000 people are requested to animate some type of party, meeting or camp.

Opportunity for musicians

Soloist or member of an orchestra. Every summer in tourist areas, they are required to animate or give atmosphere to the summer terraces. It is also the season where the orchestras work the most. It is not an easy task, and probably requires a lot of fieldwork.

Translators

If languages ​​are your thing, you will have great opportunities for any type of business, be it hotel or hotelier, since on these dates there is a high rate of foreign clients.

Our business ideas of services at 1% (to the rich) may also be in demand in the summer.

We offer all kinds of business ideas for the most enterprising people, both in summer and throughout the year. Maybe, that way you’ll never have to think about getting back some extra money in the summer.

Sell your mood

Since monologues are in vogue and this type of show is increasingly being requested in venues, summer is a good time for you to talk to the owners of the venues and sell your monologue, jokes, or whatever you do.

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.

Communication on the Internet is evolving at a monumental speed as technology advances. Five years ago, the smartphone market was still in its infancy. Today, almost all the American population is equipped, and nearly 80% of Internet connections are now via a Smartphone.

What is the consequence for your business communication? Simply that a website is not enough anymore! Your website must now be perfectly adapted to mobile use. Otherwise, you risk losing most of your audience. Therefore, you have two solutions: a mobile version and/or a mobile application. Today, we will explain the interest in developing a mobile application for your business.

Before going into the thick of it, it is important to remember a little web vocabulary, so that no one gets lost on the way! We must, therefore, differentiate four concepts: the website, the mobile version, the responsive version or the mobile application:

The website

Your corporate website is simply a classic site, designed for widescreen navigation, from a computer. The website is still essential today because it allows you to communicate on the internet and share useful information with your customers and prospects.

The responsive site

With the rise of the mobile web, we have seen more and more often appear responsive websites. These are simply websites designed to automatically adapt to the size of the screen on which they are viewed. Highly efficient because they can adapt to any screen size, they remain fairly limited for complex website projects. Creating a responsive website nonetheless remains one of the most popular ways to adapt a site to mobile browsing. This technique is indeed required to replace the mobile version eventually (see next point). The only bad thing is that it is extremely difficult to adapt a non-responsive website to this technique. Better to think about creating a responsive website directly.

Mobile version

The mobile version of a website is simply a copy of your website, designed to fit the screen of a smartphone or tablet. This is often a simpler version, which allows you to view content quickly on a touch screen, from an internet browser. If your website does not have a copy in mobile version or is not responsive, it may simply be illegible on smartphone and therefore lose a large audience. Note: If a mobile version of a site is easier to develop than a responsive site, it is also more restrictive. Indeed, as a copy of your site, the mobile version is separable. In case of an update, you will have to update both versions of the site separately. Similarly, links to the same content on your site or mobile version will be different, which may cause compatibility issues. A mobile version does not take into account the size of the screen on which it is viewed, which does not make it suitable for 100% of smartphones and tablets.   

In contrast to the mobile version, which is accessed from a web browser, the mobile application (or App) is like software that you can install on your smartphone. If your customers install your mobile app, they will be able to access its content directly through a logo, on the menu of their phone.

It is important to remember here that these notions can be quite complementary. Even if internet browsing via smartphone is more and more popular, it is always essential to have a classic website. We will choose if we prefer to create a responsive site or a mobile version for smartphone browsing. Having a mobile version of this same website will not prevent you from launching a mobile application.

The purpose of our article of the day will be simply to show you the interest of a mobile application, and to make you understand its stakes!

The benefits of a mobile app

It should be noted that a mobile application is often more difficult to develop than a mobile version of a website. Nevertheless, this difficulty is justified by the many interests of a mobile App:

You create a link with your audience.

Downloading a web application is already the first commitment. Thus, you are certain that everyone who has downloaded your App is sensitive to your message and your products and services. Being directly present on your audience’s smartphone is already a huge plus!

You simplify access to your content

To access your application, a customer will only have to click on a logo. On the contrary, accessing a website or mobile requires a Google search or knowing a URL by heart. By facilitating access to your content, you are certain that your customers will consult them more often.  

You send notifications

Unlike a website, a mobile App allows you to send push notifications directly to your audience. Do you have important news to communicate? Do you want to launch a promotional campaign? Do you want to talk about a corporate event? Your application will allow you to send a notification to all those who have installed it, and therefore to be certain that your message is seen.

You have a tailor-made tool

A website or mobile version is naturally limited. On the contrary, a web application will be tailored to your needs and those of your customers. You can create the perfect tool that will help you disseminate information, boost your online sales or strengthen your relationship with the customer.

You can use all the possibilities of a smartphone

Having a mobile application is also an opportunity to exploit new tools, such as geolocation. Does a user approach your shop? Why not encourage him to purchase a targeted promotional offer? You can also integrate the use of the microphone or the camera in your application. The possibilities are endless to make an App a new marketing tool, and the only limit is that of your imagination!

You can communicate about launching an App

Launching a mobile application can be the occasion of a real communication campaign, which will allow you to make known both your application and your company. On the contrary, the launch of a mobile version of a website will not impress anyone!

You have a more serious image

Today, most companies offer a mobile version of their site. On the other hand, few companies have a Mobile App developed. This is both an opportunity to distinguish yourself from the competition, and to show a serious and professional image to your audience.

You boost your brand image

If one of your customers has installed your mobile app, they will see your logo every time they visit their phone. Is it more effective to reinforce your brand image and guarantee you will not be forgotten?

Develop a mobile application

You will understand, the creation of a Mobile App can have many advantages, provided of course to have the use of your customers. Properly designed and tailored to your customers, a mobile app could simply boost your sales and business communication.

Once your idea of the mobile application in mind, you have to develop! If you need serious and experienced developers to do this, you can trust the Access Com ‘team. Our developers are indeed able to design a custom web application, whether for iPhone, Android or Windows Phone.

 

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.

Many of us have dreamed of having our own business, and a way to start usually involves working from home. Just as it has great advantages, there are also certain things that nobody has told you, but it is important that you know if you are considering this type of business.

Working from home gives people a lot of flexibility, but also a lot of problems, so it is important to have a complete vision of what it means to be an entrepreneur. Not all people are ready to work from home, and this is one of the reasons why 80% of businesses that start at home fail. The more information you have, the better prepared you will be. Here we leave you 5 things that nobody has told you about working at home:

 

1. Your Family and Friends will Believe that you do Nothing

Working from home means staying in a space that you normally use to rest, this means that you will probably receive many calls from family and friends saying: “taking advantage of your home …”. People around you will believe that you are not as busy, stressed or dedicated as they do to their jobs and will ask for things from you that you surely cannot do. It is important that you set limits from the beginning and explain to your family and friends that you are trying to start a business so your time and concentration will be dedicated to it.

 

2. Forget About Weekends

There are also no holidays, or overtime. Many entrepreneurs can tell you about birthdays, festivities and important events that have been missing due to their business. When starting a company you need to have very good time management, but also know how to sacrifice certain things for others. It is likely that several years pass before you can take a real vacation.

 

3. Returning to a “Normal” Job will be Very Difficult

Once you take the first step towards your own business, your goal is not to return to work for anyone else, but sometimes dreams are not fulfilled. Even so, the more time you spend working in your own business, the more difficult it will be to return to work at an office or a regular job. Working from home accustoms you to your own schedules, to receive a payment per project instead of per hour and to organize your activities according to your needs. Returning to a regular job can be very complicated if you need to.

 

4. Your Work Never Really Ends

This is probably one of the most complicated truths of working at home. When you have a project, you never really finish working because most likely before finishing one thing you will already be planning or working on the next one. The work is constant and as with point number 2, you must have a very good time management to ensure that you can fulfill all your obligations.

 

5. Charging your Customers will Become an Extreme Sport

One of the main problems of any entrepreneur is to charge their customers. In many cases you must spend long hours on the phone, write several emails or visit them in person to ensure the payment of your bills.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services 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 US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. 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.