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Posted on Sep 10, 2018 in Business Tips

Smart Business Tips for Freelancers and Self-Employed

Smart Business Tips for Freelancers and Self-Employed

As a first-time freelancer of self-employed individual, you certainly have plenty of questions about managing a business like this. Good news is, the Web is full of useful information and smart tools that will make everything easier. Below are some smart tips that will help you in the first year as a self-employed or freelancer.

 

#1. Use Free Apps and Tools

A smart tip that all fresh freelancers could use is only working with free apps and tools. Luckily for you, there are plenty of products of this kind on the market. These apps and tools have various purposes, from scheduling apps to various software products that help with CRM duties. For all paid versions, there is a free one with similar features. Take Google Docs, for instance. It may not be the fanciest tool of its kind, but it’s certainly useful, and most importantly, free. Research is there is a free substitute for all apps that you want to initially purchase. You might be lucky.

#2. Work from a Storage Unit

Many freelancers work from home, and this can be a real productivity killer. Instead of letting yourself distracted from various things at home, search for storage units near me and set up an office there. While this is a less traditional option, you can make the most out of your time spent at “the office”. Which isn’t the case if you choose to work from home. At home, you have plenty of distractions. From your children and pets, to different housework tasks and so on. This will keep you away from working at your full potential. Better rent a storage unit and set up your office there, in this case.

#3. Pay Your Taxes on Time

Full-time freelancers have to pay their taxes as an ongoing part of their jobs. This might be a bit difficult, for an untrained one, but for the best results, try to collaborate with an accountant. They will definitely help in the matter and will make all these tasks easier. You will be able to forget about them and still have them paid on time, every time. Making delayed payments is one of the biggest mistakes that you could make. This will translate into higher taxes, in the future.

#4. Take Advantage of Tax Deductions

In certain areas of the globe, freelancers can take advantage of tax deductions. You can write off much more things than you initially expect. Make sure to document yourself and find out which are those expenses you can write off. This will help you more than you think, profit-wise.

These are four smart business tips that will help you have an easier time as a first-time freelancer or self-employed individual. Make sure to follow them closely and ask around when you’re not certain of various aspects of managing a similar business. This will help you, in the long run, more than you anticipate. Also, never overlook the importance of a dedicated space to work in.

 

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Posted on Aug 23, 2018 in Small Business

Starting your own food processing company – Important considerations

Starting your own food processing company – Important considerations

The food industry is one of the most challenging sectors you could consider for your first business. Regardless, the levels of satisfaction that business owners experience once they realize that their products are widely used by the target audience are difficult to compare with anything else. However, no matter how well-trained in food matters you might be, you have to consider some important aspects.

Differentiate yourself from the competition

Canned foods or other processed foods have to meet different standards than your competition. From the quality of your products to the packaging and labelling process, you have to make sure that something is different from your competition. Invest in better Etikettskrivere and make sure to create an amazing design for all your labels. This will translate into an attractive method to draw attention to your company. In some cases, if you have some smartly designed labels, they will also act as a great marketing tool. Also, you have to make sure that your recipes and the final quality of your products exceed the quality of your competition.

Test your products before mass-manufacturing them

Make sure to test how good the equipment which you plan to invest in is. A perfect seal will assure higher rates of resilience and the taste of your foods. Organize a pop-up stand in a local market or supermarket and ask passersby to taste some samples. Listen closely to their feedback and adapt your recipe or strategy. However, never invest in equipment such as sealers or Blekkstråleskrivere without consumer feedback.

Familiarize yourself with all your industry’s regulations

In the food processing industry, there are certain regulations that all enterprises have to meet. There may be basic legal regulations which you have to consider, food safety regulations, quality standards that you have to meet and internal processes that you have to thoroughly follow. Make sure to discuss with a specialist these legal matters, since they will be able to better advise you in your journey. After all, even breweries have to follow certain strict regulations, starting with their mikrobryggeri utstyr and continuing with the ingredients used in the process.

Learn from other’s mistakes and success stories

Find a mentor and listen to their advice. Advisable would be to find a mentor in the industry, as they have plenty of experience to share. Most likely, they will be able to share some of their biggest mistakes, but also their strategies and approaches that led to their company’s success. You can also enroll in a mentorship program. This will work on the same philosophy as finding a mentor yourself does. Make sure to find the most approachable strategy for your own particular case.

These are some incredible pieces of advice and considerations that you should follow when planning to start your own food processing business. Make sure to search for the best pieces of equipment, for incredible products, but also search for appropriate consultancy services. You will need those for legal matters as well as to receive a better insight into the industry.

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Posted on Jun 19, 2018 in Business Tips

Real estate investing: put off tax bills with these strategies

For real estate investors, paying taxes is optional. This definitely represents a bold statement, but if you consult a CPA, you will hear the exact same thing. In fact, if you complain about the burden of taxes as a real estate investor, then you are not familiar with the most effective strategies for saving on taxes all year round. In this case, working with an experienced tax advisor becomes fundamental, especially because you must grow your portfolio and in order to earn a living from investing, your income must exceed monthly expenses. Starting with something lighter, do you know all the tax deductions and tax traps for real estate investors? When it comes to tax pitfalls, capitalization of improvements and passive loss limitation are two of them. In what concerns tax deductions, the list is much longer and it includes insurance and interest, home office and employees, travel and legal services, repairs and casualty losses. Diving straight into this subject will help you immensely but joining forces with a reliable accountant while doing it is even more helpful.

1031 exchange and depreciation

If you doubt it, then continue reading the article because you will discover how a specialist can inform you about clever strategies for deferring taxes. These lesser-known strategies refer to 1031 exchange like kind, depreciation, long-term capital gains and no self-employment, among others. Starting with the controversial 1031 exchange, it practically consists in selling a property and using the money earned to purchase a similar one used for business or investment purposes. This apparently simple swap can keep you away from taxes for a long time if you perform it mindfully. This means that you have to become familiar with the restrictions and regulations associated with the 1031 exchange so that you avoid receiving a huge bill from the IRS. Moving on to depreciation, which represents a powerful tax deduction, it applies only to materials that break down. However, you have to be very careful because the IRS knows the depreciation rate of the supplies purchased for business use so you have to act wisely if you want to obtain the much-wanted deduction.

Long-term capital gains and no self-employment

As a real estate investor, you already know what capital gain means. It refers to the profit you make after a property sale and the IRS wants a part of that profit. If you were the owner of the respective property for over the year, then you have to pay long-term capital gains. The tax rate usually depends on your income, but since you do not have a stable income and you have the possibility to use in your advantage the like-kind exchange, you end up paying less than you expect. This leads us to no self-employment because your income is not like the ones of most people so most do not even see it as “earned income”. Even the government thinks that rental real estate is not an actual job meaning that you do not have to pay the standard tax due for everyone else.

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Posted on May 26, 2018 in Business Tips

How to succeed in Europe’s fertilizer market

How to succeed in Europe’s fertilizer market

Fertilizers are an essential part of the food production chain, enabling agricultural productivity. They replace the chemical components that are taken away from the soil by growing plants. The raw materials, often in solid form, are delivered to manufacturers en-gross. Exports supply Europe. The marketplace for farm chemicals, such as fertilizers, is crowded. Therefore, succeeding in Europe’s fertilizer market is something of an impossible mission. Rivalry in fertilizer trading is huge. The good news is that it’s possible to survive and benefit from the global increase in food demand. Let’s find out how.

Planning and the market attractiveness

As a fertilizer producer, you have to establish what products make money and which ones take money. This is done by looking at how attractive the market is. The market attractiveness of any given product depends on the demand and growth prospects in the industry, as well as the pricing trends. You have to become actively engaged in improving your fertilizer production company. Take the example of Viatcheslav Kantor, who manages the Acron Group, a leading global mineral fertilizer producer. If he hadn’t invested time and effort into the Group, it wouldn’t have become what it is today. Those who improve their business have stronger chances of success.

Ensure access to competitive feedstock

Primary fertilizers comprise substances that are derived from raw materials. Various raw materials are used to produce phosphorous, nitrogen, and potassium. These raw materials have fluctuating pricing points, which rise and drop like the stock exchange. Taking this into account, it shouldn’t come as a surprise that leading fertilizer producers possess mineral resources. For instance, the Acron Group have secured an independent phosphate raw material base. Smaller players in the European fertilizer market that are unable to integrate mining or natural gas exploitation, resort to developing collaborative relationships. As a fertilizer producer, you can source your natural gas from centers like Austria or Belgium.

Diversify

In the agricultural fertilizer industry, it’s of paramount importance to stabilize operating performance. This can be realized through diversification of products. It’s important to have a diversified supply base and to make sure that the price is right. The act of enhancing choices when bringing products into the market is a great business decision. Supply chain diversification allows your company to distinguish itself in a positive way. Yet again, we must take Acron Group as an example. The company headed by Moshe Kantor has a diversified product portfolio. Fertilizer producers with a considerable diversification enjoy excellent results.

Improve process efficiency

The business process refers to the tasks that the employees use to create a product. As you can imagine, productivity varies among employees.  You can’t afford to have customers complaining about poor product quality. To improve the team’s process, analyze and redesign. Better yet, outsource labor. Labor accounts for as much as 10% of the costs, which is the reason why improvements need to be made. Examples of improvements include, but aren’t limited to, automating plant processes and outsourcing maintenance.

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Posted on Apr 19, 2018 in Business Marketing

How to improve your business’ in-house productivity

How to improve your business’ in-house productivity

When a company deals with productivity concerns, employees can often face increased pressure, which might actually end up affecting their work quality. If you have noticed that time and resource management lacks effectiveness within your enterprise, perhaps it’s time you seek solutions. Making improvements that can contribute to how productively you carry out business responsibilities is possible, and not as complicated as you might expect. Although you have many options put at your disposal, considering the tech innovations and digital tools now available on the market, the following ones remain the most popular among companies, for the various strong benefits they will can provide:

 

Project automation digital tools

The completion of various in-house projects, regardless of level of complexity, usually involves handling a wide range of routines tasks manually. Automating projects can save you a large amount of time, time that can be redirected towards other, more important business tasks. With the right digital tools at your disposal, you will gain the possibility to obtain project automation, so searching for forretningsløsninger in this department is the first step your company should take towards a productivity increase.

CRM capabilities

From improving information organization and enhancing communication across departments to achieving greater scale and centralizing process data, CRM capabilities can truly revolutionize how your business is currently functioning. Considering it provides a high level of support with various processes, whether they are repetitive or more complex, integrating CRM will bring you higher returns than you might believe. Considering it will cut down on your staff’s responsibilities in terms of routine tasks, it will also contribute to the improvement of employee satisfaction, which is something businesses should always focus on.

ERP capabilities

ERP capabilities come as advantageous as CRM ones, being essential in the process of improving productivity within a company. Accessing customer information and history in a faster manner, housing all business data in a single location, mobile friendliness, automating operations across departments, customizing and making reporting easier are only a few of the many things erp prosjekt software products can do for you. After analyzing each benefit, you can clearly conclude that this is the type of tool your business might have needed all along.  To combine the best of CRM and ERP, now you have the possibility of implementing a tool can encompasses all their best capabilities into one. Microsoft Dynamics 365, for example, is the type of digital tool that brings together the CRM and ERP features, enabling an effective process streamline. Look more into microsoft dynamics nav and see what it can do for you.

As you can see, your business should start focusing more on certain aspects, in order to improve in-house productivity, which might not exactly be at its peak level at the moment. Considering a productivity increase might be demanded for a profit boost, which is the ultimate goal of any company, using any option to your advantage is recommended. The options mentioned above will function great in this department, offering you appealing outcomes.

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