The three business decisions that are too important to make on your own

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StrategyDriven Entrepreneurship Article |Business decisions|The three business decisions that are too important to make on your ownIf you run your own business, you’re likely considered an expert in your industry. The only problem is that you might not be an expert in everything else it takes to run a successful business. With that in mind, here are three business decisions you should always look for the guidance of experts before making any big moves.

Marketing

When you think of your company’s most important departments, you might think about the design staff that plan your new range of products, the production staff that actually produce them, or your sales team that make sure they get to the customer. Many people often overlook the power and influence of the marketing team. In fact, some smaller businesses even believe they can run without a marketing plan altogether. It’s important to have a marketing system in place to make sure enough customers know about your products and are persuaded to buy them, so you’re business can truly grow over time. Even if every other department is doing their job correctly, you could be losing out on a lot of money without proper marketing.

While it is possible to run a business without full-time staff members trained in marketing, it doesn’t mean it’s smart to do so. As there are so many ways of marketing, and the size of marketing campaigns can range massively, it’s important to speak to someone who knows which steps are right to take for your business. What works for one business might be a complete waste of resources for another, and vice versa. A marketing company like Flyrise, can help you decide the best ways to spend your marketing budget on a monthly basis. With the right advice, you can enjoy a path to long-term growth and success year-over-year.

Recruitment

Another important decision for any business to understand properly is recruitment. Hiring an extra staff member means your business can be more productive. But, doing so also means an increase in your payroll cost, and if you’re a small business, even one person’s salary can make a big difference. With this in mind, it’s important to pick only the best people to work with you. If you’re unsure of the qualities to look for in your new employee, or even the best way to judge which candidate is the right one for the job, seek the help of a local recruitment firm. If you choose the wrong candidate, you could be stuck with someone who isn’t benefitting the business as much as you’d hope but is still being compensated as such.

HR

Disputes between staff members can be seriously damaging to your company. At best, they’ll damage the mood of your team and also affect their ability to collaborate together. At worse, and it could lead to court cases and other complications. When it comes to dealing with HR, it’s important to find resources independent from the business to make sure every situation is dealt with fairly and to the letter of the law. If you don’t hire an expert, these disputes will go on for longer and cause a lot more disruption than necessary.

How to Invest and Make Money Daily: 9 Key Ideas & Strategies

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StrategyDriven Entrepreneurship Article |Make Money Daily|How to Invest and Make Money Daily: 9 Key Ideas & StrategiesFundamental principles are allowing you to augment your capital passively and get rich with little effort. It’s time for you to learn them. This article will tell you how to invest and make money daily, even if you don’t have a solid financial portfolio.

You will discover:

  • The principles of smart and effective investing
  • The best practices of investing today
  • Nine investing options that can bring you both immediate and long term profit

If you are ready to learn how to invest and make money daily, continue reading.

5 Principles to Invest and Make Money Wisely

Before you pass to the direct answer to how to invest and make money daily, take a look at the basic principles to adhere to when developing your strategy. They will help you form the productive habits of a successful investor.

1. Start Investing Early

Early investment is better because of the so-called snowball effect. The return on your first investment may be small, but it may be added to the starting capital and thus give more profit. It is recommended to start investing small amounts as soon as you start earning.

2. Pay Off Your Debts First

You cannot think about how to invest and make money daily if you allow someone to drive income from your debt.
By having debt, especially a high-interest one, you play against yourself. As paying interest on your debt is opposite to investing, make sure your budget holes are covered before you start building your investment portfolio.

3. Have a Plan

Although this article is about short-term investment, you should still build a solid plan for a long-term perspective. There are periods when markets get choppy, and you may lose confidence. You cannot predict when it happens. Backed by research, a clear plan will save you from two killer-mistakes: buying high and selling at a loss.

4. Think Long-Term

If you diversify your investment, you can put both short- and long-term goals. If the situation makes you invest in the short-term project to gain quick capital initially, you may later invest your ROI into a long-term project.
Investing long-term is more profitable because of the same cumulative snowball effect. And it takes less money to start.

5. Use Automation for a Discipline

Automatic payroll deductions will save you from procrastination, missed pay-offs, and the temptation to spend your early profit in vain. It is better to set this option for the first days of the month.

This practice also makes you more disciplined while allowing you to acquire a moderate approach to spending (your money, time, energy, emotional, and physical resource).

We can translate these rules into a simple formula: if you have just one dollar today, invest this 1 dollar to earn daily. The philosophy behind this formula tells that you can become a successful investor starting with a minimum. It would help if you had persistence and planning.

9 Ways to Invest and Make Money Daily

We don’t have a single answer to how to invest and make money daily because there are multiple ways to do so. Here we offer a brief list of the 9 best ways to invest money and make money even if you have little experience.

1. Utilize Micro Investing Apps for Daily Profit

Micro investing apps automize personal finance investing daily. They are simple: each time you buy something, an app deduces a change to the nearest dollar. The benefit is that this money starts working for you automatically. You begin to invest and earn daily profit without even noticing.

If you want to learn more about how these apps work, you can address your questions to software development companies like MLSDev. This company has solid experience in building app and web solutions for broad purposes, as well as staff augmentation services, if you have .

2. Invest with Cryptocurrency Trading

With more than 3000 cryptocurrencies on the market, it’s time to get educated on the matter. Multiple platforms like Udemy or Safetrading will share the crypto market’s insights, and resources like Forbes will provide you with the analysis and predictions.

Note: Besides independent cryptocurrencies like Bitcoin, Ether, or Litecoin, the crypto-market is expanding with CBDCs or Central Bank Crypto Currencies belonging to different states. This means that the investment options will increase over time.

3. High-interest Savings Account

Although saving and investing are different things, having a high-interest saving account in your bank will allow you to take the best of two worlds. As you save up for retirement, your bank will use this money in an investment and share your interest.

You have to compare the interest rates on savings between the local banks and choose the best one. That’s also a great option to make money every day since they calculate the interest daily.

4. Invest in Index Funds

With index funds, you make money by selling your investment. If you buy index funds that grow over time, the value of your investment will increase.

Index funds depend on market fluctuations. This means you can lose money in the short perspective. Yet, generally, they have been showing an upward trend since the 40s. Therefore, it’s a trusted and proven way to receive a consistent return.

5. Invest in Stocks

Traditionally, stock markets offer the highest rates of return. If you seek a place where you invest $100 and make $1,000 a day, go to the stock market. Although for this to happen, conditions should be very favorable.

The losses in this domain are also high. Therefore you should do thorough research on what you are investing in.
Success story: George Soros, a former waiter, and Warren Buffet generated billions of dollars by making successful investments.

6. Invest in Peer to Peer Lending for a Daily Profit

With the growth of automatic tools for a background check, P2P lending is a safe way to invest and earn a daily profit.
The returns are generally high, as the interest rates on P2P platforms are higher than the average. The risks are high as well because even with a solid background check, it is possible, a person won’t payback.

7. Invest in Bonds

Interest rates on bonds are not striking, but investing in bonds is the safest way to invest money and get a long-term regular return. Having bought US Treasury bonds, you add stability to your portfolio and a back-up if you have a loss with the other part of the investment.

Although bonds are not a sort of investment that pays a daily profit, they do issue regular interest payments.

8. Flip Real Estate Contracts

This option allows you to get a return without dealing with property management. You can share your investment with a company that sells and rents the property and receive interest on their income.

Another option is to flip real estate contracts by connecting sellers and buyers. This way, you also broker a successful deal without having anything to do with real estate directly.

Also, this option is great in terms of time sparing. Want to know how to invest money to make money fast? Invest in real estate!

9. Affiliate Marketing – Option to Make Money Daily

Now, we are about to conclude the question of how to invest and make money daily. Our last but not least advice is to start as an affiliate.

Affiliate marketing is about putting products on your blog or social media page, talking about promoted products on your YouTube channel, or spreading the information by word of mouth. You receive interest rates on every purchase, inspired by your referral. This sort of investment requires only time, reputation, and no finance; therefore makes a great option if you want to make money daily online.

Summary: How to Invest and Make Money Daily

So, what are the best investments right now?

You can choose any of the lists if you approach it with a good portion of attention, research, and due diligence.
Yet, if you want a one-option answer, we’ll advise you to focus attention on the stock exchange. This traditional option allows you to invest in innovation to bring you much profit in a short period.

Maintaining Mental Health As An Entrepreneur: Four Essential Rules

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StrategyDriven Entrepreneurship Article |Mental Health|Maintaining Mental Health As An Entrepreneur: Four Essential RulesMany individuals still believe that entrepreneurship will provide them with the freedom that they could not achieve as workers. While there are some cases where this is true, in reality, entrepreneurship usually creates higher demands than regular employment. It can be anything from stress and burnout to breakdown and depression, but running your own organisation often affects general wellness and mental health.

Whether you are working freelance, planning on launching your business or you have been running your own company for a number of years, it’s crucial to prioritise your mental wellbeing. Therefore, we have put together a few tips to help you take better care of your mental health.

Separate Work From Home

Thanks to the pandemic, most of us are working remotely these days. However, when you work from home, it is difficult to separate work life from home life, particularly if you’ve never worked from home.

To maintain a work-life balance, make sure you have a place that can be used as a dedicated office and do all your work there. When it’s time to unplug, leave the room and close the door. It will be much easier to leave work if you are in a different physical space. Also, sign out of your work email on your phone, turn off all notifications and try to resist the urge to work from your phone while sitting on the couch or laying in bed.

Additionally, consider creating a schedule for yourself and stick to it. This way, you will have less stress or mental clutter as an organised life is a less stressful life.

Decompress & De-Stress Every Day

Whether it’s reading books, journaling, meditating or even playing video games, successful entrepreneurs incorporate some “me time” into their daily schedule. This means finding moments where you can leave work out of your mind and check-in with yourself to feel rejuvenated and be better in dealing with your daily stress.

Prioritise Healthy Choices & Physical Activity

Nourishing your body through healthy eating and daily exercises is also crucial for both your mental and physical health. Eating healthy and balanced meals and snacks will prevent depression and cognitive impairment, and help you boost your mood, maintain your energy, stay focused and be more productive. At the same time, regular physical activity not only keeps your body in better shape but also helps with essential things like sleep and mood.

Incorporate CBD Into Your Daily Routine

Today, CBD oil is becoming increasingly popular as a natural and effective solution for mental health and general wellbeing. CBD is able to interfere with the receptors of your body’s endocannabinoid system, which is responsible for different processes occurring in your organism such as sleep, appetite, inflammation, stress, immune response, etc.

Intake of CBD oil for anxiety can help to alleviate anxiety and stress, improve focus and energy, boost mood, relieve pain or promote relaxation after a long day to experience restful sleep. CBD is also very versatile so that you can buy CBD oil in various formats such as capsules, tinctures, edibles, vapes and many others.

How to Successfully Make the Switch from Brick and Mortar to E-commerce

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StrategyDriven Entrepreneurship Article | How to Successfully Make the Switch from Brick and Mortar to E-commerceThere are many advantages to either adding an ecommerce store to your business to compliment your brick and mortar store or making the switch completely, closing the brick and mortar outlet to focus purely on online sales.

High streets are struggling more than ever thanks to a very challenging 2020, and many shops are looking at alternative ways to sell to their customers. Ecommerce gives you options. When you sell online, you can sell 24/7, without actually needing to be online all of the time. You can even continue to trade during lockdowns and forced closures. Online, it can be easier. It’s often easier to encourage people to click on a link than it is to walk into a store, it’s also cheaper, both for you and your customers. Online also has the massive advantage of taking you out of your local area. Even very small home-based businesses can use the internet to sell to a much larger area, instead of relying on local footfall and loyalty.

Selling online can be cheaper, easier, and a fantastic way to expand your business. But, making the transition isn’t easy. If you’ve never sold online before, or have only ever done so in a very small way, there can be a steep learning curve. Here are some tips to help you.

Prioritise User Experience

In a brick and mortar store, user experience is everything. With every decision you make, you’ll ask yourself how it affects your customers, and if it enhances their shopping experience. The same should be true online.

In store, you might carefully position shelves, take your time to find the optimal heating and lighting settings, and even consider the volume of your in-store music. Online, you need to think about how easy your website is to use, how accessible it is, how easy it is to find products, to add to basket and to check out, and how customers will get in touch if they need to. You’ll even need to consider how easy your font is to read, and whether the colours that you use are pleasant to look at.

Don’t Neglect Customer Service

New ecommerce sellers often make the mistake of skipping customer service. But, it’s at least as important as it is in the real world. Make the effort to engage with your audience on social media, reply to emails and messages, and send personalized notes with packages, or emails on dispatch. For a smaller business, relationships are crucial to success, whether on or offline.

Get Visual

One advantage that real-world shopping has always had over online is that you can see and feel the products. You can check for quality and better judge how much you like something.

But, thanks to the development in online visuals, this is changing. Great photos, 3D visualizations, and explainer videos mean that you can offer your customers a much clearer idea of what they are buying. Using a 3d visualization and rendering service from Cadesign form means that you can show consumers exactly what they are buying. Cadesign form can also offer videos explaining even the most complicated products, which are ready to use on your ecommerce store directly, but also on social media, and in your email campaigns for the best effects.

Filming live videos, and Q&A sessions on social media can also help your customers to learn more about your products and business. Excellent visuals give you the best chance to advertise, educate, and build relationships, and shouldn’t be overlooked.

Start Email Marketing Straight Away

Email marketing gives you a great way to form personal connections and keep in touch with your audience. Emails have a much higher conversion rate than social media posts, and give you an easy way to offer a range of content.

But, many businesses neglect email marketing entirely. Perhaps because it takes more effort to build an email list than it does a social media following. It’s worth it, however, and should be part of your marketing strategy from the start.

Get to Grips with Analytics

In store, you can see what is working. You look at sales to monitor conversions, and you can feel how busy your shop is. Online, initial impressions are harder to make, but if you study your analytics you won’t just get a conversion figure. You’ll know how old your customers are, what gender, how long they spend on your site, where they come from, and what kind of content they engage with. Analytics give you a great chance to build a very clear customer persona, which can be a big boost to your marketing campaigns.

With an incredible online store offering great visuals and an easy use interface, as long as you optimise digital marketing strategies and continue to build relationships with your customers, just as you would in the real world, your switch to ecommerce should be a complete success. But, it may take time. Don’t be disheartened if you make mistakes, or it takes you a while to find your audience online. Keep going, learn along the way, and take some risks, monitoring analytics to see what’s working, and you will never look back.

An Essentials Checklist for the new ‘Homepreneur’.

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StrategyDriven Entrepreneurship Article |Homepreneur|An Essentials Checklist for the new ‘Homepreneur’This year has seen a massive rise in the numbers of those working from home, either for the same boss they had at the office, or working for themselves where they are now the boss. It is beginning to look like ‘homepreneur’ (an entrepreneur who works from home) is becoming the fastest-growing type of small business.

While the 20-second commute every morning to the spare bedroom or kitchen table might seem like the answer to all of your prayers, this new way of working has its own checklist of pros, cons and a couple of essentials you might not have thought of.

Why your home-based business is a great idea

Being a homepreneur has a long list of advantages.

I’ve mentioned the 20-second commute to work already but this aspect of having your business 10 yards from your bed cannot be underplayed. With a recent study showing the average American spends nearly an hour a day getting to and from work, that’s a whole chunk of your week saved just like that.

Next on the list (and this one is probably on the spreadsheet too) are the low overheads involved with a home-based business over renting an office space. With margins tight for any new business those overheads can mean the difference between success and failure.

Depending on where you live, you may also be able to deduct the space you use, as well as a portion of your utility bills from any tax payable on your profits. Of course, there are tax experts who can tell you what is necessary for your situation, so you should contact one.

But working from home is not all great

Like everything though, there is a downside to being a new homepreneur

You might not have the commute, but everyday tasks that fall to you because you’re at home can be a major drain on your time. Kids at home during school holidays are the obvious one, but simple things like loading the dishwasher or cutting the lawn tend to get done more often if you’re staring at them all day.

When the house is not overrun with kids or other family members, it can be a very quiet and solitary existence. If that’s why you escaped the office in the first place it’s no big deal, but if you’re used to having other people around it can take a lot of getting used to.

And there are a couple of things you need to take care of.

Insurance – As well as having to talk to a tax expert, your insurance needs have changed now you do your business from home. Things like driving your car for business or if a client has an accident whilst visiting your home are things you need advice on, so contacting experts like www.meslee.com should clear up any worries you might have.

Networking – as you’re now on your own at home, the networking side of your new business needs attention. As well as having a presence on social media, it is essential that you start or update your LinkedIn profile and start building a network of allies and possible sources of new business.

This is by no means everything you need to know – but it’s a good starting place so that you don’t spend too much time in your new business just standing there scratching your head.