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All companies started with a dream. Dreams must be backed by a plan and plans must be backed by money. For businesses with strong potential, committed leaders, good products or services and realistic goals, the only – and biggest – ingredient most often missing is money. Start-up capital is difficult to secure because investing in new businesses can come with extraordinary potential, but always comes with extraordinary risk. Venture capital firms are in the business of choosing which businesses are worth investing in. The...

Cloud software has many uses, one of which is to help you reduce the fees associated with having your taxes done every year. If you are an accountant, small business or sole trader, here are nine ways that cloud software can help you. Helps You Save Time and Money Saving time and money is important to most of us, and a great way to do so is to use cloud software. This type of software can save you anywhere from 30 to 40% of the total cost you incur when it comes to bookkeeping and accounting. Necessary Tax Expenses Can Be Minimized While...

If you are a fan of online games or any other form of internet-based transactions that require a monetary exchange, you are probably familiar with the term Bitcoin. If instead you are curious about the inner workings of the black market or modern money laundering techniques, you may also have come across the term in reference to Silk Road, an online marketplace that became infamous for making illicit goods available to the public, which used Bitcoins to attempt to protect the identity of its customers. Technologically speaking, Bitcoin...

As another holiday season reaches its peak, so too do visits to the mall and people jumping online to snap up last minute deals. A growing number of us now favor shopping online for its many conveniences and benefits. One of its main advantages is that we do not have to sit in the car, drive all the way to the mall or supermarket, walk around and spend time browsing for the things we need. No, instead we can do all that from the warm and comfort of home, with a few clicks on the mouse that sends someone else to locate and package our...

An Australian start-up success story in the tech field recently made headlines around the world. The founder of one particular emerging business is being heralded as an icon and role model for all those who desperately want to make it in this field. Meanwhile, Australia has also been seeing a host of incubators, training events, and competitions for startups, too. The initiator of one such project has spoken out on the reasons for which entrepreneurs down under aren’t quite making it in the field just yet. This is why today we explore...

Any business owner will tell you how integral having the right set up for your business finances is, it is important to have the right accounts open and advice in place before you start trading. After your business has launched you will need to make sure that you are in a stable financial position at all times and to do this you need a business account. The first and most important thing to remember is that you need to keep your business and personal finances completely separate. It may sound obvious, but however small your business is,...

As a new business owner, you may not be aware of chargebacks. Sooner or later, you will have to deal with them – and you won’t like it.  Essentially, a chargeback is a credit card refund.  The customer contacts his credit card company and refuses to pay for your product or service. The credit card company will then withdrawal the funds they previous paid your company.  As bad as it sounds, it gets worse. You won’t get any type of notification for a chargeback. You’ll look at your account one day and notice a lot of money is...

Have you ever heard of Crowdfunding? Given that it’s recently became a big buzz word, I’m assuming you have. It is a way that people can help get things they need through the generosity of others. If you were online, and you see that somebody was looking to buy an oven so they could open up a small bakery, would you not be compelled to help them? This is what crowdfunding is – they have turned to the public to find definitive financing for something which change their lives and other people’s lives, but do not have the funding...

Stock market trading is an activity that can bring huge profits or entail large losses, depending on the trader’s experience, knowledge and competency. Trading stocks implies, besides the common elements of technical analyze used with other instruments like currencies or commodities, an in depth knowledge and research concerning the stocks you want to trade with and their related industry. If trading commodities or Forex involves macroeconomics, trading stocks involves also microeconomics and supplementary data, increased risk and attention. Do...

For entrepreneurs, small business payroll is a weekly chore that can breed costly mistakes. Inaccuracies can lead to both short-term financial losses and much costlier long-term tax problems and penalties. Payroll entails handling the most sensitive information that both you and your employees possess. Payroll problems are the final straw that sinks many businesses. Doing it yourself comes with pros and cons, as does outsourcing. Follow this guide to making payroll as quick and painless a process as possible. Outsourcing The simplest...