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As a business owner, there are many different types of business insurance that you will need. Some of them are required by law, and others will simply help your business to stay protected all year round. Here are some of the key types of business insurance that you should have or consider having. Premises Insurance The place where your business operates from is a key component of the business as a whole. You can’t afford to put your premises at risk. There are too many risks out there for you to ignore this kind of insurance. It could...

As a startup business, you will no doubt have plenty of costs to consider before you begin trading. Many new firms prefer to take out insurance cover to meet their needs. After all; the last thing they want to do is end up bankrupt because of a mistake they made! Of course, one has to consider whether business insurance is a crucial startup expense. In short, the answer is yes – and here’s why: Photo Credit It protects you against financial disaster The reason companies take out insurance policies is simple. They want to avoid...

Although none of us like to think about it, we are eventually going to kick the bucket. What’s an uncomfortable subject to broach in terms of yourself is an emotional time for surviving family members. The last thing you’ll want to do is place a financial burden on your loved ones during such a difficult period. That’s why it’s important to plan ahead and prepare for the worst. There are services available that will give both you and your family peace of mind by keeping you financially prepared. The “Widows Under...

Business insurance can be surprisingly expensive, especially if you need many different policies to cover all aspects of your growing business. Thankfully, though, there are some strategies that you can implement today in order to save some money on your business insurance. Check out the helpful tips below so that you can cut costs while still ensuring that you get the coverage and peace of mind that you need to operate your business with confidence every day. Get a Business Owner’s Policy Bundle As with personal insurance coverage,...

No one envies pricing officers. Pricing is difficult job that is hard to get right and easy to get wrong – especially initially or when entering a new market. Pricing has a direct effect on branding, on profit and it can determine whether or not a product launch succeeds. It is never going to be easy, but here are some tips that can make the whole process easier. When in Doubt, Aim High If there is uncertainty during the pricing process, businesses generally have a tendency to err on the lower side of the accurate target. This can...

Today’s small businesses can’t afford to be without an online payment processing system. Here’s why: Every 30 seconds, over $1.2 million is spent online. Of that amount, well over half (about $700,000) is paid for with a debit or credit card. Here’s what you need to know to get started. The Key Players Accepting online payments is a complex process involving several key players: The merchant bank accepts payment from credit card transactions and deposits them into your bank account for a fee via a merchant account. Third-party...

Although there are many ways to go about trading, but it is very important to learn how some may affect trading with penny stocks. In essence, penny stocks have a different value and you have to be careful with how and when you buy and sell; moreover, you have to be careful when and how these trends are can be trusted. Remember that it is important to be thorough and to conduct research before you even consider buying or selling. The art of successfully trading with penny stocks lies in being well prepared and gathering information that...

When your business starts to lose money, it will fail. There are loads of stupid ways that you can lose out on profits for your company. If you don’t have what it takes to keep your firm afloat, you will find that your business has to close down before it has a fair chance of success. Keeping control of your budget is the only way to make sure that your company can stay open. Once finances start disappearing, it is a slippery slope. Here are some stupid ways your business could lose money this year. Investing money in insecure stocks  There...

Money makes the world go round, and it also comes very much in handy for keeping your business afloat. A company needs more than good intentions and a good plan; without income, it’s dead in the water. Accounts receivable and cash flow are inextricably linked, and we’re about to take a look at how the former affects the latter, and then concluding with a few ideas on how to improve the overall picture. Back To Basics: Some Definitions Just to make sure everyone’s on the same page, here are a few definitions to consider. Accounts...

Starting a new business can be draining on your finances. Getting a startup off the ground means suffering little or no profits, while pouring money into the company. Everyone knows you’ve got to spend money to make money. It couldn’t be more true. Without a little investment, you’ll never get your business moving. However, you can be so strapped in the early days, that it’s impossible to decide where to spend the money. With such a limited budget, where will the money be best used? Where will it have the most impact. Is it marketing?...