Fundamental Business Math

Financial Pitfalls That Small Businesses Fall Into

- by Nathan Robinson

Running a business is tough, and this is especially true for start-ups which may not have started making a profit. Many run into financial challenges due to poor financial management including securing capital, having to borrow money, inability to separate personal from business finances and managing the use of money amongst other issues.

The result is that many businesses close shop after a very short time.   This is why business owners should take financial management classes to make sure that they can understand the financial aspects of the business. Engaging the services of the best tax accounting firm Toronto can also help manage your tax issues to avoid falling into trouble with the tax man.

Financial Pitfalls That Small Businesses Fall Into

So what do you need to consider when dealing with business finances.

Cash reserves

Starting a business requires capital and equity. However, in the initial stages of the business, you will find that more money goes out than in.  The business owner must reserve some cash to help tide him over during this period.

 Lack of forecast.

It is important that the business owner has a forecast of the money he will require to run the business in the initial stages, including rent servicing of …

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Finance Business

Initiate Savings with Recurring Deposits

- by Nathan Robinson

Recurring deposits are a good starting point for those who wish to create regular savings and also earn good interest on the same. This article looks at the benefits of RD accounts for your financial health.

As a new investor, you are justifiably cautious about spending money on risky investments that might tank. You are always on the lookout for fail-safe options in stocks and bonds, but most market-linked opportunities always come with an underlying element of risk.

It is time to turn to a simple, affordable and quite safe option: the recurring deposit.

Initiate Savings with Recurring Deposits

What is a recurring deposit?

A recurring deposit or RD account is a simpler version of the fixed deposit. In a fixed deposit, you set aside a lump sum amount of money in the account, and it is paid a particular rate of interest throughout the deposit cycle. At the end of the deposit tenure, the money is returned to you with the interest earnings on it.

However, in a recurring deposit, you deposit equated monthly sums towards a larger whole. You can open an RD account if you have a savings account with your bank and a proven source of monthly income (since the …

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Business Math Topics

Importance of Email Marketing to Small Businesses

- by Nathan Robinson

If you have not integrated email marketing into your digital marketing strategy, then you are missing out on highly qualified leads and new customers.

Importance of Email Marketing to Small Businesses

Everyone has and uses email. The use of email as a means of communication is not age-restrictive, and the best bit is that it works for millennials too. There is also the fact that the average person has a limited attention span of about 8 seconds when it comes to processing information. Email captures attention in less than those 8 seconds, so, it is the marketing strategy you should leverage.

The other benefits include:

The promise of high returns

As long as your products or services offer the value that your audience is looking for, the use of email to share details of your new products, a sale, newsletter, or a blog update goes a long way in capturing attention of interested customers who will, most likely share the email or buy from you.

Reports reveal that one email has the potential of generating $38 – this translates to 3800 percent return on investment. There is also the fact that 20 percent of the leads that are sent directly to your sales database are qualified leads …

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Fundamental Business Math

Things You Need To Know For Better LEADERSHIP

- by Nathan Robinson

When we talk about the professional and practical life so, one thing which we consider important is the team holder and the head of the organization or company responsibility. The whole team and the tasks or decisions matter on the head of the company why because he or she is the main pillar of that organization or company and it is his or her task to rule the team, instruct the team while using the essential and beneficial tactics.

But what if the tricks and tactics aren’t useful? Indeed the business will run towards the bankrupt or you will surely bear the loss. That is why the role of a leader considers an important task.

In this article, I try to cover up all the facts and conditions through which you can save yourself from this hurdle and play a vital role as a great leader by having the proficient leadership qualities.

Things You Need To Know For Better LEADERSHIP

1. Lasting Relationships:

One thing which is important in leadership skills is to maintain and follow the long-lasting relationships. Convincing pioneers accomplish something other than move others to tail them; they realize how to persuade their workers to endeavor wholeheartedly for their organization’s objectives.

Through this, Leaders can …

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