Posts

Save and Invest Money - Complete Controller

Saving and investing money intelligently is based on learning good habits and changing the bad ones.  The goal of savings and investments is to achieve financial freedom and have the lifestyle you desire. While everyone’s goals will be different based on their lifestyle and income, these tips on saving and investing intelligently will work for everyone. Check out America's Best Bookkeepers

Understand Your Investments

Some people will blindly invest in interests because others are doing the same. And while it is recommended that you hire a professional financial advisor to help you plan investments, you still need to understand your investments and how they work. If you don’t have an understanding of them, you could be hit with penalties, fees, and unforeseen taxes. You also need to understand the risks before investing and continue to monitor them.

Manage Risk

Risk management is essential to saving and investing; assessing the risks in potential investments before making them could result in thousands of dollars in savings. Because high-risk is a high reward, many investors take unnecessary risks that have devastating results. It is wise to invest in lower-risk investments and build them slowly. Also, spreading your money to multiple low-risk investments increases security and your rate of return. Check out America's Best Bookkeepers

Minimize Taxes

Saving on taxes may seem like a no-brainer, but millions of Americans per year leave money on the table by not taking advantage of deductions and other tax-saving measures. The bottom line is, if you save money on your taxes, you will have more of it to invest and grow. The best way to fully take advantage of tax-saving strategies is to hire a professional tax preparer. These professionals went to school to learn how to save you tons of money on your taxes.

Control Your Expenses

Controlling what you spend is another obvious money saver, but many people have trouble with this measure. Some of the world’s wealthiest people are thrifty with their money even though they have millions in the bank. Curbing spending in the short-term can have a large effect on your long term net worth. The more money you save by controlling expenses, the more you have to invest and grow. Even small changes or savings like avoiding unnecessary fees or getting an account with a cashback benefit can add up to smart savings and money for investments. You can also look at daily, weekly, and monthly expenses and prioritize to find where you can cut without the changes feeling too strict. Check out America's Best Bookkeepers

Use Automation

Most people who have a hard time saving or investing their money find difficulty in letting it go once they have it in their hand or bank account. One of the most effective ways to help let go of that money and put it to better use in savings or investments is to use automation. Automation means you will set up your income to automatically put money in savings, major investments, or micro-investments. Micro-investments are those that take spare change to make investments. The main advantage of automatic deposits or investments is the money isn’t missed, and you will start shifting your thinking to set your budget with the income you receive after the automatic withdrawal is processed.

Conclusion

You don’t have to be a stockbroker or investment banker to save and invest money intelligently; you have to be willing to do what it takes. Small investors still have the title of “the investor”; this means you are on your way to more savings and investments down the road that will lead to total financial freedom. Understanding your investments, managing risks, saving on your taxes, and controlling your spending are four reliable ways to be a smart investor and save money for your future.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers

A decorated and personalized cake has the power to make events and commemorations even more memorable. If you like the culinary, you must have already asked yourself if you can invest both time and money in this area.

Before opening a pastry shop

You must understand that a pastry shop is a business like any other and will demand the same management capacity that you need for a mechanical workshop or a disinfection company. Once this point is clarified, the first advice is to study the market in which you want to act. You can use specialized professionals in the matter to prepare a document known as a market study. Check out America's Best Bookkeepers

This study analyzes the three pillars for the construction of your business: the profile and behavior of the target audience, the availability of suppliers, and the strength of the competition.

Based on this information, the next step is to create a business plan. In the document, you must specify the projection of growth, initial investment, forecast of income, working capital needed, etc.

Without planning, your company will have difficulty surviving the first moments and remaining sustainable in the medium term. The more you know about bakeries, the lower the risk that your business will fail in the first months. Here are some tips that can help you to succeed.

5 Tips to Open a Pastry Shop

1. Dedicate yourself to the project. If you want to create a lucrative business, you must personally dedicate yourself to the project and specialize in the subject. The staff you hire will not have the same appreciation for the client and for the quality of the processes. Knowing the details of the bakery will show you the performance problems that you must overcome to improve as needed.

2. Attention to quality. Do your best to guarantee the quality of the cakes at your bakery. This may imply higher investments in machinery, for example, but, if the quality is good, you will recover the value invested in the medium and long term.

The importance of quality will be projected in the loyalty of customers. Do you think that, when the novelty wears off in the neighborhood, your patisserie will sustain itself without quality? No one recommends a low-quality product.

3. Invest in a good presentation. A bakery refers to special events and commemorations, such as weddings, graduations, and birthdays. The presentation of the products and your shop need to be impeccable and attractive to consumers. You need to invest as much time, money, and care in the decor and cleanliness of your shop as you do in your products.

4. Engage in personalization. The more the customer can customize their cake, the more satisfied they will feel. Offering the possibility of customization can differentiate your bakery from other bakeries in your area. Other personal touches such as one-on-one consultations and follow-up can also add value to your business.

5. Find partners. Get in touch with wedding and event planners, bridal shops, and establishments specializing in gifts, to organize events together. Partnerships are a great way to make your products known and attract potential consumers.

Opening your own bakery can be rewarding. These tips will make the rewards even sweeter by taking away the stress and making your business a success.

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers

To invest in the stock market, knowledge is needed. Without pretending to substitute a good formation on the subject, today we will see a basic guide of points for it. 

 

  1. First of all, you should be clear about what your investment options are. That is, what alternatives do you have to grow your savings: real estate purchases, gold, savings accounts, other investment options of bonds or letters of the state, etc. Not all options are the same.
  2. The second point is to know what the bag is. The Stock Exchange is a market in which savers and companies that need funds to make their operational investments operate. In general, we distinguish between the primary market (in which shares, bonds, etc. are bought and sold directly). Then these bonds and shares can be bought and sold, not by the companies but by savers and investors, forming the secondary market.
  3. It is also very necessary to specify the amount that you will allocate to investment in the stock market. To control unnecessary risks, what you invest must be a quantity that you will not need in the short term. In general, investments in the stock market are safer if you lengthen them over time. In the long term there are usually returns and in the short term there is much more volatility, which may mean losing the amount invested.
  4. Once you have decided that your investment will be in the stock market, you must know what your strategy is. This is perhaps the most complex point of all, since to choose the strategy you must know many concepts.

 

What is your investment objective?

  • In which product do you want to invest? Are they shares of a Spanish multinational or is it an investment fund?
  • Are you looking for a fixed rate or a variable rate yield?
  • What is the level of risk you want to assume? We will see this point with more attention in the next section.
  • Are you going to diversify the investment, that is, invest in several places?

 

  1. It is important to have control and know the risk that you are willing to assume. As we saw in a previous post, not all times are ideal to invest in the stock market. If the interest rate paid by financial institutions for your savings is low, then it may be a good time to invest in the stock market because there the yield will be higher.

Although this argument seems easy, it really is not like that. You have to take into account the risk you want to take with the investment. On the stock exchange performance is variable, which means that you do not know what performance you are going to obtain. And we do not talk about whether we will get 3% or 12%, but that the performance can be negative, that is, that your investment can lose value.

In addition, if an investment “promises” very high returns, its risk will be high and that can imply high losses. How to balance profitability, risk and opportunity cost of the investment (which would give us that money invested in another option) is something difficult that should not be improvised.

 

  1. In addition, you must understand that, to operate in the Stock Exchange, there are entry, purchase, sale, custody commissions, etc. Not to mention that, if you do not have experience, we recommend that you either train thoroughly, or do it through experts .

 

  1. The stock market is a market. There are many competitors, agents and brokers who are very well trained. You will be able to compete with them if you form thoroughly and are up to date in stock terms.

 

  1. Do not forget how the returns on investments in the Stock Exchange will be taxed. An investment can be more profitable than another, but at the same time, have a worse tax and that the bonus obtained was cancelled by the tax effect.

 

  1. Remember that it is not enough to choose the stock investment. You must follow the investment made, become informed of the results obtained by the company or the evolution of the investment fund. And you must do it systematically over time. With this information over time, you must be able to determine when to maintain the investment, when to sell it or when to expand it.

 

  1. Lastly, a very concentrated last recommendation: prepare yourself in this regard, use savings that you do not need in the short term, be clear about the term of investment, what risk you want to assimilate and always diversify your investment portfolio.

 

Check out America's Best Bookkeepers
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.

We all are aware that stocks rise and fall all the time. However, sometimes it seems as though the stocks you own continue to drop and drop and your fear begins to rise and rise. 

In this article we will talk about things that surely you have already read, but they are fundamental things, and that you should remember in times of falls like the current one.

 

 

1- No One Knows What the Stocks will do

 

When the stock market is up, everyone want to get in on something. The stocks will rise and rise and seem like they will never stop. Suddenly they start to drop and then the stock holders being to wonder if they should dump their shares before their shares are no longer worth a profit. When the stock price is down, people tend to not buy and wait for more. 

My opinion is that nobody knows what the stock market will do in the short term, let alone the tabloid economic news. Do not get carried away by the noise and follow your strategy, without letting yourself be influenced by what people say.

Therefore, I make monthly purchases, regardless of how the market is. If it is expensive, I will buy fewer shares, and if it is cheap I will buy more. In the end, I will have a better average price than many who try to guess the movements of the stock market.

 

 

2- The Short Term does not Matter

 

Really, the short term doesn’t matter. If we invest in the stock market in the long term it is because it is the safest strategy, and you always have to keep in mind that in the short term you do not know what will happen.

The short-term stock market is unpredictable, so your movements should not affect you in the least. Personally I don’t look at how much my actions and my funds are, since I don’t care at all.

In the long term, of course, I will be interested in the fact that they have risen as much as possible, but at the moment the descents do not affect me at all. In fact, if the bag goes down I’m glad, since I can buy much cheaper what was previously more expensive.

 

 

3- Do Not Let Feelings Influence your Decisions

 

Fear and greed are the worst enemies of any investor. Now we are in a time of fear, as it seems that the stock will go down and down. But, if we look back, we see how in the long term the stock market always rises, and although there are moments of panic we have always recovered.

It is essential that you do not get carried away by the feelings when it comes to investing, that you have a mechanical strategy. Not to complicate, an Index account and automatic monthly contributions without looking at how the market is may be the best alternative.

 

 

In conclusion, that the bag goes down should not matter to you at all. If you are clear about what you do, continue with your strategy as if nothing. If a decrease of 15% in the stocks has made you go crazy and have a bad time, maybe you are not prepared to invest the current percentage in equities, and you should spend a part in fixed income to eliminate some volatility.

The best protection against these losses is preparation and training. I have it clear, I have continued shopping as if nothing, I have even slightly increased the amount of my purchase to take advantage of the moment.

Check out America's Best Bookkeepers
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.

The presence and positioning of the Internet, as well as the emergence and expansion of digital businesses, has generated a transformation in the thinking schemes and paradigms that are around how these communication networks can be used to make money.

Every day it is easier to execute different financial operations on the Internet, which has led to an increase in the number of people who not only bet on using it as a research tool or another hobby in periods available for recreation.

 

Internet use has diversified

The payment of telephone rents, the Internet or satellite television, as well as the expenses of electricity consumption, among other subscriptions and debts acquired in the monthly budget, can be easily paid, using online banking platforms or other digital media.

The web is a kind of infinite window that allows to expand the creativity of human beings, making them feel protagonists of various entrepreneurial acts, in which they can use these virtual spaces for fully lucrative purposes.

With the emergence of the Internet, the spectrum of people’s financial possibilities has widened, increasing the opportunities to implement some practices to acquire income taking advantage of the wonderful advantages of the web.

In addition, as time has elapsed, the number of people who, from home, meet each of their assignments at a certain scheduled work schedule increases and are monitored over the Internet.

 

Entrepreneurship: a way to earn income online

Using virtual platforms, entrepreneurs can perform independently, implementing various projects or work proposals in areas such as web design, content writing, and style correction, among others.

When working through these platforms, or in some companies as independent personnel, these individuals manage their work schedules autonomously, because the freelance worker’s work approach is not based on work schedules, but on the fulfillment of the assigned tasks.

 

How to generate income using the Internet?

The notion that you have to have capital to be able to conceive your own business or generate income, has been transfigured over time. The use of the Internet, allows to implement some economic alternatives that do not demand the need to make monetary investments to receive profits.

 

Traditional financial fundamentals are a basis for new business models

Various are the existing alternatives to break with the traditional financial models and point towards economic projections in which new business perspectives are displayed, such as those that will be presented below.

The conception of more sustainable and sustainable environments in which the mark of an ecological footprint prevails in the world must be one of the main approaches under which the new economic models are designed.

 

 

  1. Online sales

The fact of using the Internet as a means to generate income, does not have to separate from traditional financial models, it is important to strengthen these foundations with electronic commerce, also known as e-commerce.

Electronic commerce is a new way to undertake the marketing of products and services that are mainly based on the use of websites or social networks that can be accompanied by applications that expedite the management of marketing and sales activities.

However, it is not necessary to be an expert in the financial area to generate income by selling products or offering services over the Internet, being important that people define the strengths they possess and clearly establish what services or products they will offer.

 

  1. Write books and sell them on digital platforms

The great acceptance that books have had in digital formats has taken a position with the passage of time, so that those people who have scriptural skills and solid knowledge around specific topics have the option of writing books.

The commitment to self-publishing and sale of copies on digital platforms such as Amazon, which have pioneered the democratization of books and reading, is on the agenda.

This can be considered one of the most exciting and challenging options for those who want to generate passive income using the Internet.

Those who enter the path of writing, will have the opportunity to enjoy a life to the fullest, inquiring around areas of knowledge that are of interest through their intellectual creations.

 

  1. Give virtual classes

Another option to generate income through the use of the Internet is to teach through specialized websites, which allow you to share content, or create your own training website using platforms such as Foxize Cloud.

Uploading videos or digital projections that will serve as tutorials for students who wish to learn more about the topics being offered, you can earn income online.

In this way, those people who are professors in a professional way or have vocational inclinations towards the exercise of teaching and have knowledge that they can share in a thorough way, can take advantage of those skills.

However, it is important that these design innovative courses around topics that may arouse the interest of a large group of participants.

Likewise, in order for the courses to have greater demands and increase the number of people who decide to do them, pedagogical resources that are dynamic and capture the attention of those who request them must be used.


Check out America's Best Bookkeepers
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.

As a new business owner, when you finally turn a profit, you are tempted to stuff all of that money directly in your wallet. Well, be patient, here are some reasons why delaying your gratification will pay off!  Invest profit into your business with these simple guidelines.

 

How much of my profit should I be reinvesting into my company; I need personal income too!

Building your company to profitable can be a grueling process. Working extra-long hours, scraping pennies together, and working harder than anybody else for little reward. Once a profit is achieved, you think my work has paid off and, it has, but if you want to continue to increase that profit, be careful to choose your next money move wisely. Before you cash out, remember it takes money to make money, investing some of that money back into your business will be an invaluable decision. Of course, you have financial responsibilities of your own, and you need an income, too, so find the right balance. Check out America's Best Bookkeepers

 

Reinvesting about 50% of profits will get you moving in the right direction. This means if your net profit is $60,000, then you can afford to invest $30,000 into your company and, now you have a modest $30,000 a year salary. Invest that $30,000 into the building and advertising your company, that number will increase as your company grows. Pocketing that money halts your growth, you will continue to generate a net profit of $60,000. Let’s say we invest $30,000, and because we were able to improve our company, next year your net profit is $120,000, again we invest half. Still, we are pocketing that $60,000 that we refrained from keeping last year but with the opportunity to double our profits again!

 

Invest in my business, sure, but where? Here are three areas you can start with

We have established that it takes money to make money, but how can be a difficult question that depends on your business and how much time and money you have to spend. Three options that are sure to be useful are; advertising, get your name out there show the world who you are; invest in increasing your skill-set, you and your employees can benefit from new coaching and experiences; build your company to its potential, don’t underestimate your company, invest in its growth. Check out America's Best Bookkeepers

 

Advertising

There are tons of affordable ways to advertise your company and, with the world wide web, a lot of places to do it!

  • Making your company a website.

If you don’t have a website, this is a great way to get across information about you and your services in a place that is easy for your potential clients to find and access.

  • Social Media.

Use social media to post your information.  This can even be free, use Facebook, Twitter, Instagram.

  • Make a commercial

You can show this commercial online for free, post it to your website or YouTube.

 

Increasing your skills

By strengthening your and your team’s knowledge and skills, you add value to your service. Invest in certifications related to your service, have someone come in to teach you how to advertise, have an expert teach you how to maintain your website, attend conferences. This will take time and money, but you will have a new skill set that will be continuously useful, you are never done learning. Check out America's Best Bookkeepers

 

Building your company

Invest in your company’s growth; look at what you will need to develop and expand if your company does start to generate more business. Hire new employees, rent new office space, or find another company to team up with. Envision the change you want to see and know what your company’s growth will demand optimal performance. Always calculate the risks of your investments and choose which options are most helpful for your company at the time. Do your homework, plan for future investments, move forward when you are comfortable with making them, and watch your company grow!

Check out America's Best Bookkeepers 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. Check out America's Best Bookkeepers