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5 Traps to avoid when starting your own business

It’s an adrenaline-fueled journey but one that contains countless risks. After all, starting your business is a massive leap into the unknown and the days of that reliable monthly salary are well and truly out of the window. Suffice to say; there are plenty of potential traps to fall into during this period. Bearing this in mind, whether you’re thinking about becoming your own boss as a hairdresser, contractor, accountant or any other field, read on to find out about some of the common, universal traps. The ‘build it, and they will come’ philosophy You opened your doors on day ... Read More »

6 Low Investment Business Ideas

In light of the online boom, it seems that penetrating the market can be challenging. Anyone with an internet connection can now sell online, making the market saturated. Several things might weigh you down and dampen your confidence, like limited capital, logistics hurdles, marketing, or operations. It is a daunting task, but nothing is impossible with the foolproof business plan paired with the entrepreneurial spirit. It is ideal for minimizing risk by starting with small but reasonable capital. Here are six low investment business ideas that start-ups and newbies can explore. Artificial jewelry Jewelry and accessories never go out of ... Read More »

Your Complete Guide to Leasing Vehicles for Your Business: Everything You Should Know 

The debate on whether to buy or lease vehicles for a business is raging, but one thing is quite clear – vehicle leasing is coming out on top. There are various reasons for the surge in popularity of vehicle leasing, especially for businesses, but the more knowledgeable business owners understand that vehicle leasing is a better deal. If you have decided that vehicle leasing is the most feasible option for your business, it still pays to know as much as you can about it. Here, then, is your complete guide to leasing vehicles for your business – everything you should ... Read More »

How to Make Your Employees Feel Safe While Presenting Ideas

If you’ve been presenting ideas to many people for a long time, you feel confident doing it. Even if you don’t prepare, you know you can do a great job. You can’t say the same for your employees. Some of them are new to the business. They don’t feel confident in expressing themselves. They also worry that their ideas are incorrect, and colleagues will laugh. If it happens, it can be traumatizing. They might not want to present ever again. These tips will help make them feel safe and confident while speaking. Remind everyone to be respectful  You have to ... Read More »

4 Types of Business Insurance

Running a business comes with risks. One method of mitigating those risks is to purchase insurance. If you own or are thinking of owning a business, you should consider these four types of business insurance. 1. Captive Insurance Captive insurance is a form of self-insurance in which a company or group of companies form a licensed insurance company to insure itself. This method of insurance may provide cost savings and price stability, as well as a means to insure non-traditional or complex risks that may be difficult to insure on the commercial insurance market. Captive insurance companies can be set ... Read More »

How to Save Money in Your New Office

When you first start your business, your bills and finances can feel like an avalanche. It can feel like a daunting and even cost-restrictive process. While starting a business is certainly a big fiscal undertaking, don’t let the invoices dictate your company’s viability. Instead, try these three tips on how to save some money in your new office space and save yourself some stress. Buy Used Office Furniture When you start your new business, you may be interested in creating the chic and stunning environment that you always dreamed of; however, this is sometimes not in the cards at the ... Read More »