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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 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 Feb 20, 2018 in Business Tips

Website design mistakes that every small business should avoid

Website design mistakes that every small business should avoid

For a small business, a professionally looking website can do wonders. Apart from clearly showing the marketing efforts of the team behind the website, it also attracts an increased number of customers, thus creating brand awareness and higher profits. However, this method can also bring unpleasant effects that no business owner would enjoy. For instance, those brands that already have a solid client base can lose both customers and money if they take the website design process lightly. The main idea is that if you decide to create a website for your business, you do not get to choose the amount of effort you put into it. A compelling and original website represents the only goal you can set if you want to obtain the much-expected results. If you are content with a poor quality site, then you should not even bother because the public will be merciless when visiting the respective website. Unfortunately, not all business owners understand this and they continue making the same mistakes.

 

Not taking the time to understand your target market

If you believe that you can just start creating the website and add more details along the way, this is not the right attitude. Before even initiating the process, you have to do some research about your target audience. Nothing and nobody forces you to rush the process. Instead, you should carefully evaluate the needs of your customers by putting them at the forefront. For instance, if you are dealing with a younger audience, you have to understand that most teenagers use mobile devices everywhere they go meaning that your site must be compatible with smartphones and other devices. On the other hand, if you must focus on an older audience, you have to rethink the website design; a larger font size might captivate their attention faster. Apparently, business owners make mistake even before taking the first step towards creating the actual website design. For this reason, working with a website design Thailand agency might improve the situation.

Not thinking the website design process through

Moving on to the subject of interest, namely the website design, customers usually notice two extremities. First, the website design is too blinding and busy. Secondly, the website design is boring and visually unappealing. In the first case, if you resort to bright colors, capital letters everywhere and complex graphics, your customers will no longer be able to read the useful information on the website, which practically eliminates the entire purpose of the website. You want your current and prospective customers to learn more about your business and stay up to date with the latest changes and promotions. Mixing sizes, shapes and colors will ruin the potential of creating an interesting website. In the second case, people will not even take the time to explore the website or read the information provided because it does not captivate their interest. There are so many other websites excellently executed on the internet that yours would end up forgotten somewhere on the ever-changing platform. A professionally looking website is elegant and engaging.

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Posted on Feb 12, 2018 in Business Tips

Lawn care and landscaping business – How to start it in several simple steps

Lawn care and landscaping business – How to start it in several simple steps

When it comes to lawn care and landscaping businesses, there are some strong pros and cons you should consider before everything else. The first big advantage that you have from opening a business like this is that you can operate it from home, and you can organize your time as you wish. Given the fact that these businesses are locally established and the demand is also locally established, you won’t have to spend plenty of time commuting each day. However, before jumping to action, you must know that a business like this needs dedication and attention to grow and deliver you a steady, generous monthly income. Below we have some pieces of advice everybody interested should follow.

 

Invest in high-quality equipment

Obviously, you cannot start your lawn care and landscaping business without a Gressklippere. This should be the first asses in which to invest, because lawn mowing is the most basic service that you can provide. From spring, to October, you will have to make sure that you can provide this service without any issues, and if your lawn mower is old and functioning poorly, chances are, you’ll end up losing some clients due to your inability to provide the most basic services. If you plan to provide more complex services at a larger scale, a Redskaper will come in handy, especially if you offer your help to farmers from time to time. However, if you don’t want to have some dead months in which the income is stopping, you should consider investing in tools that will allow you to clear the snow and maintain your client’s gardens spotless even during the winter.

Make sure to set competitive prices

The prices per square meter that you set should be competitive, while the landscaping and lawn care business is also a competitive one. Make sure to analyse the competitors present in the local market and their pricing strategy and set yours lower, as this might bring you plenty of clients when starting. Client migration from a provider to another is common, especially when their motivation is money. Regardless, when setting the pricing, you should always have an approach that will allow you to recover your initial investment.

Hire a crew, if necessary

Never assume that you’ll be able to juggle with all the jobs that you receive. A crew will make you work more effectively. The costs are not expected to go through the roof, as you won’t have to hire experienced individuals, and you don’t even have to hire them full-time. Maybe your children could help you. This way they’ll become accustomed to money and the process of earning it.

These are some simple steps you should follow if you want to start your own successful business. Investing in the right equipment as well as hiring a crew seem to be the most important things that will help you boost your businesses’ profits, gain and maintain new clients.

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Posted on Feb 5, 2018 in Business Tips

How to increase your business’ potential on a highly competitive market

How to increase your business’ potential on a highly competitive market

Luckily, the advance of technology came with numerous other advantages, in various areas of our lives. And maybe some of the most thankful individuals for new technological means are business owners. Smart apps and marketing solutions help rather small and new business grow in a sustainable way on the local market, while making business management easier than in the previous decades. For instance, finding a smart and affordable marketing tool like this Yellow Pages Zimbabwe based platform brings the amazing advantage of connecting with potential customers in a simplified fashion. Regardless of your company’s dimensions, you could surely benefit from one of the strategies presented below.

 

1. Enrol your company on a business directory

We mentioned in the beginning the importance of enrolling your company on such directories. These online tools are highly useful when it comes to connecting potential buyers with various companies, because an increased number of individuals that search for the products and services needed in such places. Nevertheless, these directories are amazing when it comes to marketing your business, specifically because of the same reason. Also, you can always be sure that those landing on your company’s profile, are truly interested in your services. These directories, because of the increased number of companies listed, are divided into multiple categories. This makes the searching process easier and those who land on your company’s profile are very likely to be interested in such services. So pay great attention when you create the profile. Do it in an appealing fashion, so you attract more potential customers.

2. Invest in web design services

Web design services come in great help when it comes to increasing a company’s profit, because they make the entire experience of your consumer easier. For instance, a research has shown that visitors are very likely to leave your website within the first minutes, if the interface lacks usability and an intuitive character. Because you want to avoid such situations, you must invest in professional web design services. Always search for professional agencies, because such important tasks cannot be let on amateurs’ hands.

3. Create social media accounts

Social media may not be the most important aspect of a business, but studies have shown that a business which dedicates their attention to building high-quality social media accounts, are more likely to experience increased numbers of sales. The local business environment may be highly competitive, but you want to make sure that you differentiate your business from others by several aspects. For instance, many companies rely exclusively on written content for their official social media accounts. Change the game by adding presentation videos. There are more types of consumers on the market and by neglecting a part of them will decrease your popularity, thus profits.

These are three approached that will certainly increase your business’ potential in a highly competitive environment. However, you want to make sure that you collaborate with reliable partners, able to deliver measurable results.

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