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Author Archives: Glasses or Contacts

How To Become a Trusted Business

Trust is the cornerstone of all successful businesses. Demonstrating that you are trustworthy company is invaluable when differentiating yourself from competition and establishing a credible reputation. Building trust takes a lot of time and hard work, but there are plenty of things you can do to secure customers for life: Responsiveness Respond promptly to all clients and enquiries. So often clients are left feeling frustrated as they wait for salesmen and account managers to get back to them. Acknowledge receipt of emails and phone messages as soon as you receive them, even you if don’t have the answer immediately. Let them know you are dealing with the request and keep them in the loop. Transparency Keep clients up to date with action taken and next steps.  Always address any issues directly and don’t try to cover up errors. Explain what has happened, how you will handle it and the steps you will take to ensure the mistake won’t reoccur in the future.  If you treat your clients like intelligent, respected partners then your potential for repeat custom will skyrocket. Timeliness Delivering critical business items to clients quickly, safely and on time is essential to prove reliability. Delayed timelines, missed deadlines ...

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Finding the “Sweet Spot” Between Risk and Comfort When Investing

Any investment involves risk – that is, essentially, what investors are paid for. As it can’t be avoided, the art of successful investment lies in how you manage it. Take too many risks and you will lose all your money. Take too few and you won’t make very much. In the middle is the sweet spot. There’s no simple formula for how to reach it because the nature of the risks involved varies by sector and the appropriate level of risk will depend on your personal circumstances, but it is possible to work out what’s right for you over time. In the interim, there are rational ways that you can increase your chances of getting it right most of the time. The importance of a balanced portfolio As you engage with the world of investment, you’ll hear a lot about the importance of having a balanced portfolio. Basically, this means mixing high-risk and low-risk assets so that you have a good measure of security but also the opportunity to turn a healthy profit. Often, it also involves spreading assets across multiple sectors or multiple countries in order to reduce the risk associated with economic problems. It’s easier to balance a ...

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Financial Habits and Skills You Can Learn in No Time

Creating a sound financial life is something that most people don’t manage to achieve. But it’s easier than you might imagine. The problem is, there are a lot of little details to keep track of. Most people are so busy and distracted, that they overlook the things which could put them in a much better financial situation, especially because these behaviors have to be performed consistently in order to add up to real personal change. Fortunately, none of the good habits I’m about to describe are difficult on their own. They’re easy to understand. The challenge comes in committing to them. Investing Appropriately. Investment is a tool used by people who achieve long term financial well-being. But investment isn’t a single monolithic behavior. There are a million ways to invest. Some take only seconds (binary options trading with Banc de Binary). Others mature over decades (most low-risk retirement investment models, available to start through many online brokers). Whatever models you choose, it’s important to choose a plan that works with your income, goals, and lifestyle. It’s also important never to invest before your spending, debt, and savings are in order. To learn the basics of investment, do some reading on ...

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Managing Your Business Finances

Running a business will be one of the hardest things you ever do. There are so many moving parts to it, and so much of it is more an art than a science. You need all the help you can get in the form of training, mentorship, expert partners, and the right software and tools. Keeping up with your business finances and tax obligations can be especially challenging if you are not already trained in finance. Even if you are self-employed and only have your own “payroll” to worry about, managing those finances can be complex and time-consuming. Here are a few things you can do to make it a little easier to manage your business’ finances, from ordering to taxes: Use the Right Software The right software can save you many hours on processing your payroll, taxes and other finances. Some software suites do it all while others are focused on one aspect of your business finances. For example, the MasterTax payroll tax software suite helps you manage your payroll taxes, which can be quite significant the larger your employee base is. Research your software options thoroughly to find the best solutions for your particular business, such as how many ...

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Applying for a Mortgage Loan: Big Mistakes to Avoid

Money is hard to come by, so you must take extra care in not wasting it due to some minor lapses in judgment. Though you can be very particular about how you spend your money on everyday expenses such as food, utilities, and transportation, this advice comes in handy when you are making a major financial decision, such as buying a house for the first time. In fact, it may be even more important to apply it to large purchases like these, because you may find yourself locked in for years in a horrible financial situation due to lack of foresight. In this article, we will enumerate some of the most common mistakes that many new homeowners end up making, why they are so costly, and ways in which you can avoid doing the same incorrect financial decisions. Going with Only the Absolute Minimal Payment According to a Business Day article written by Simon Rule, a broker based in Wellington, one of the biggest financial errors that people often commit is choosing the plan with the lowest rate without considering the others at all. Just because the deal looks good at the time does not mean that it will be ...

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