It is widely known that individuals are the ones who are in charge of whether they want to have life insurance or not, but it is not a usual practice to incorporate this on a business level – i.e. on an employer and employee level. But while this is a good and optional idea, why should someone actually need life insurance for the people working in the business? Business partners and life insurance Not all businesses are a one-man deal. For the most part, it involves partners or a…
Tweak Your Biz » Finance
Businesses & Purchasing Life Insurance
by on February 20th, 2013 4 Comments
Freelance Fiascos: How To Raise Your Rates Without Losing Business
by on February 15th, 2013 2 Comments
Self-employed individuals have flourished throughout the recession in the UK, with around 40% of all being created by freelancers and contractors. The number of freelancers has also increased by 9% since the beginning of the recession, and it’s thought that employers are choosing to go down the outsourcing route thanks to the savings that can be made. However, even freelancers that have a constant stream of clients coming through the door may need to up their rates at some point. This could…
Consolidate Your Business Credit Card Debt And Finesse Your Business Finances
by on January 28th, 2013 12 Comments
Since the economic recession, the small business organizations are the worst hit among the entire industry and they’re still trying to recover from the shock. A business organization is set up for generating revenue within the nation but when it itself is in debt, the entire cycle of generating revenue is spoilt and the reputation of the business organization is also marred. If you’re a business owner who has been recklessly using his credit cards to buy things that you couldn’t buy with…
Top 10 Reasons Why Invoice Factoring Is The Most Reliable Form Of Business Financing
by on January 21st, 2013 25 Comments
Small and medium sized enterprises seeking finance may want to consider invoice factoring. Invoice factoring is an example of how traditional financial arrangements are entering into new accounting practices toward sustainability. Here are 10 reasons why Invoice Factoring is the most reliable form of business financing. # 1. Accounting Principle Invoice factoring standards allow for more cash flow flexibility in accounting. An accounting principle used in a range of industries, invoice…
Facebook’s Failed IPO
by on January 18th, 2013 4 Comments
On the day of Facebook’s initial public offering (IPO), on May 18th, 2012, David Ebersman, the company’s Chief Financial Officer, valued the stock at $38 per share, making it one of the largest IPOs in history, raising $16 billion. It set a new record for the trading value of an IPO, and had been underwritten by three of the biggest banks in America – Morgan Stanley, JP Morgan, and Goldman Sachs. Demand was thought so high that the company announced, two days before the IPO, that it…
Should Business Owners Leverage The Debt Consolidation Programs To Remain Debt Free?
by on January 16th, 2013 No Comments
Since the economic recession, it is the business organizations that are suffering from lack of funds and are drowning in a sea of high interest debt due to non-repayment of their debt obligations. If you’re a business owner who is spending sleepless nights wondering about the escalating debts that are spoiling the reputation of your business, you need not fret as there are debt relief options that can help you get back a firm grip on your distressed financial situation. Debt consolidation is…
Common Accounting Mistakes That Can Cause Serious Trouble
by on January 8th, 2013 14 Comments
Like most things, accounting is easy when you know how. The trick is to get your accounting system working correctly from the outset, because systematic accounting mistakes that run undetected for months, or even years, can cause your business to lose money. Your accounts give you basic information upon which you make decisions, such as “What are my sales?”, “How much money is in the bank?”, ”How much money am I owed?” or “Am I making a…
Finance Planning For The Year End
by on December 17th, 2012 7 Comments
The vast majority of corporate and self employed businesses in Ireland would have a financial year end set at December each year. So with the next year end just around the corner for these businesses I thought I would share some general housekeeping tasks that can be done in advance of New Year’s day to help save a few tax euros. Some of these items would be more applicable to individuals rather than businesses or companies. These tips could apply in different countries however it is best to…
Budget 2013 Ireland – Impact On Business & Self Employed
by on December 6th, 2012 14 Comments
The Ministers for Finance and Public Expenditure & Reform presented their budget measures for 2013 on December 5th 2012. While the well signalled Property Tax was the major new tax measure introduced, there were however changes to the PRSI system and some other changes that were new. I propose to look at some of the measures presented in “Budget 2013 Ireland” yesterday that will have an impact on the general business community. Tax Rates, Tax Credits, PRSI etc In keeping with…
What Would You Pay For New Customers?
by on November 16th, 2012 3 Comments
How much does it cost to get new customers? You probably make regular decisions about buying advertising and attending networking events. Today I share a tool to help make those decisions easier. New Customers: How Much Are They Worth? One of the first pieces of information to identify about your customers is their lifetime value to your business. The basic formula is simple – how much will customers spend with you and for how long? It’s best to calculate this based on margin rather…
Raj Tulsan is a small business columnist and regularly reports about business developments and scope. Tulsan is also an…
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