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Posted by on Mar 29, 2017 in Finance | 0 comments

Here’s How P2P Lending Boosts and Diversifies Your Portfolio

Here’s How P2P Lending Boosts and Diversifies Your Portfolio

Are you tired of bank savings deposits that yield next to nothing on returns as a result of low interest rates? There is a growing revolution in practice that may put an end to this. Thanks to Peer to Peer (P2P) lending, individuals may no longer have to rely entirely on traditional banks for their savings returns and similar investments. What is peer to peer (P2P) lending? P2P Lending, or social lending to some, is a practice that allows individuals borrow and lend money directly to each other. In much the same way eBay eliminate the need for middlemen between sellers and buyers, P2P lending companies like Prosper and Zopa remove the need for financial arbitrators such as credit unions and banks. P2P lending services are the product of essential business, technology and growing social trends. With intelligent processes and algorithms developed over the years, P2P companies give individuals the same power as banks, thus enabling them provide even corporate loans. How does it work? Starting is easy. This...

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Posted by on Mar 23, 2017 in Finance | 0 comments

Small Things that Can Save your Small Business Money

Small Things that Can Save your Small Business Money

A big part of running a small business, especially in its infancy, is finding enough money to get the whole thing rolling and growing. Often times, SMB owners need to find new ways to survive before they can get into the black and stay there. Now, we all know that in order to save money, you have to do a few big picture things such as having a sound business plan and a well-though out budget; not wasting money on ineffective marketing techniques and hiring the right people. However, what about the little things? How about those seemingly insignificant savings that build up and provide you with much needed surplus by the end of the quarter? Today’s article is all about those little things. 1. Embrace Telecommuting Sure, telecommuting is famed for being a great employee engagement booster, but can it really save your small business money? It sounds a bit far-fetched, right? How much water or electricity can one employee use when they are in the office? In...

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Posted by on Dec 16, 2016 in Featured, Finance | 0 comments

4 Ways New SMBs Can Slash Costs While Staying Competitive

4 Ways New SMBs Can Slash Costs While Staying Competitive

Building a small business from the ground and up is a fulfilling endeavor – and a profitable one, too. Getting there, however, is a tough act to pull off. Did you know? 8 out of 10 startups fail within the first 18 months – an 80% failure rate! And in an analysis of 101 startup failures, #biztech company CBInsights found that “running out of cash” is the 2nd biggest reason why new businesses crash. Here at OnSMB.com, you can find a treasure trove of marketing posts that ultimately teach you how to grow revenue. But if a new SMB is to survive the competitive landscape, the business should not only make more money. It should also spend less than what it’s making. And in this post, we will look at how startups and small businesses can slash costs while staying competitive. Approach Recruitment With A Sales And Marketing Mindset Recruitment is identical to sales and marketing. With the former, you are selling your company as the ideal workplace for...

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Posted by on Sep 29, 2016 in Finance, Tools | 0 comments

Online Trading and its Benefits for Small Business Owners

Online Trading and its Benefits for Small Business Owners

Whether you’re trading part-time or full-time as a business, you need to find the right platforms from which you can execute your trading and investment plans.  The ever-growing popularity of online trading raises a question: Is it really beneficial for traders to use online trading platforms? Just to begin with the definition, online trading is the use of Internet-based platforms for traders to place buy and sell orders on investing instruments, such as stocks, securities and forex.  This allows you to trade 24/7. The introduction of high speed and affordable computers has boosted the use of online trading in the world today. It’s because the modern high-speed computers offer speed and reliable internet connections offer continuous access to the trading platform. Who can trade online? Anyone owning a computer, sufficient fund to open an account and has a good financial standing is capable of investing in the market of online trading. It isn’t necessary to have a personal broker to engage in this profitable investment venture. You can trade...

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Posted by on Sep 26, 2016 in Featured, Finance | 0 comments

4 Hidden Costs of Running a Small Business

4 Hidden Costs of Running a Small Business

Running a small business, as you probably already know, is a spectacularly difficult thing to do. It feels like90-hour days would not be enough to get everything done. The same goes for money – everywhere you look, you are hemorrhaging money and it feels nothing can stop the bleeding. And this is just the stuff you expect. Once you become an SMB owner, you soon find out that there are always novel, hidden costs of running a business. These hidden costs are our subject today. I Am Paying My Employees How Much? When many SMB owners think about how much they are paying their employees, they tend to only think in terms of annual salary. In reality, their salary makes only a part of the money you will spend on them. It is still the largest part, but only a part nonetheless. Most experts agree that you actually pay somewhere between 1.25 and 1.4 times their basic pay. Where does this other money go? It goes on taxes, workers’...

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Posted by on Sep 21, 2016 in Featured, Finance, Management | 0 comments

Invoice Financing: A Great Cash Flow Management Tools for Small Business

Invoice Financing: A Great Cash Flow Management Tools for Small Business

Invoice financing is the future of cash flow management and is a great option when thinking about the best way to manage cash flow, but in many cases business aren’t aware that it is even an option. Even though many bigger industries are using these tools to manage cash flow, these financial tools aren’t necessarily widely known among smaller businesses. We’ve got the scoop for you on the potential for SMB invoice financing. Downsides of invoice factoring options If you start looking into it more you are going to run into a lot more material about invoice factoring than invoice financing. Sometimes it is referred to as accounts receivable financing, invoice financing is better than factoring an invoice because factoring an invoice requires that the invoice factoring company collect directly from your client. In addition, something to consider about factoring an invoice is that the customer will question your business’ long-term viability if they know that the reason they are being contacted by a third-party company to collect an...

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