6 ways to save money for your small business

In today’s economy, all successful small businesses are looking for any and every way to lower costs for the business.  Many small business owners fail to dedicate enough attention to this because they are spending the majority of their time doing what they do best, which is run their business.  If you are a business owner who is like this, it may be wise of you to assign an employee to examine all expenditures at your business.  There are many ways in which a business can save money.  Here are 6 ways most business owners can save money for their cherished investment.

Hire smart, inexperienced people.

That is right I said hire inexperienced people.  Experience is not the only thing of value someone can bring to your organization.  Experience certainly costs more. One way to do this is the next time you put up a job ad, eliminate any mention of how many year’s experience someone must have to apply for this job.  Replace it with “Recent graduates welcome to apply.” Some businesses have used this approach to success and hired candidates fresh out of college or graduate school.  This allows your business to gain a monetary advantage by providing an entry-level salary and can benefit you by having employees who are up-to-date on the latest technology.

Make sure your business is classified properly.

This is most important for purposes of Workers Compensation Insurance. Many industries have several different classification codes because the industries have several different types of businesses with different levels of risk.  The different levels of risk are reflected in the price businesses pay in premium.  Landscaping is a great example of an industry with many classification codes. Some companies simply mow lawns, other companies plant and maintain sod, others climb into trees with chainsaws to cut limbs and branches.  Each type of business has a different classification code and each level of risk pays a different price in premium.  Taking a little time to speak with your insurance agent about what exactly it is that your business does and does not do can save your business significantly in premium paid for workers’ comp insurance.

Try bartering with other businesses

Bartering is one thing successful small businesses are usually great at.  Especially bartering with other businesses.  Bartering might seem old-school but it can definitely be effective. Catering companies and coffee shops frequently work with companies, especially start-ups.  If you have something of value to provide them they may be willing to cater an event of yours for free or at an extremely discounted rate.  Actually, the possibilities are endless as long as you proactively establish relationships with other local businesses who can benefit from your services.

Switch banks

It should be no surprise that banks are looking to squeeze more revenue any way in which they can.  Banks after all are a business too and they need to turn a profit.  There is one fact many people and business owners fail to realize in relation to financial institutions: they are a business as well and they have to pay turn a profit in order to continue providing you the services they provide.   partner.  The industry is necessary for success in both your personal and professional life.  Switching financial institutions frequently is not a great idea, but shopping around to ensure your bank is competitive with other banks in your area is in the best interest of your small business.  If you can cut significant costs by switching to another bank, then it may be just what you need to do to save your company money.

Invest in a safety and return to work program. 

You might be wondering why I am telling you to invest in something as a way to save your business money.  Especially investing in something like a safety program. Healthy employees are happy employees and happy employees are productive employees.  Investing just a little time in an effective safety program can save your business immensely in lost productivity and insurance premium.  A return to work program is an essential part of any safety program.  The quicker an injured employee gets back on the job and in the routine of going to work, the more likely they are to return to regular employment.    This will prevent your workers compensation insurance premium from increasing from having too many to too severe claims at your business.

Embrace telecommuting.

Telecommuting isn’t possible for all businesses, but you might be surprised how many people can effectively do their jobs from a remote location.  If you can find ways to allow employees to telecommute it can be a huge money-saver for your business. It can cut down on wear and tear to your office space as well as your electronics.  Meaning you will have to replace these devices less frequently.  Many employees appreciate the opportunity to work from home and it may be a benefit you can and to their compensation package instead of a higher salary.


Walt Capell is the President/Owner of Workers Compensation Shop. Walt started Workers Compensation Shop in 2005. Workers Compensation Shop is a rapidly growing national insurance agency with a strong reputation for forward-thinking, out-of-the-box products and solutions for business owners. Walt would like to use his experience in insurance and as a small business owner to benefit the small business community.


Making Extra Money Just to Pay Debt Off Faster

There are some things in life that are much easier to acquire than to lose. Extra pounds, clutter in the basement, and debt all come to mind. You are on your own when it comes to weight loss and home organization, but we’ve got some tips for getting rid of debt. If you have adequate income and can balance a budget, then you will be likely to pay off your debt one of these days. But it might take awhile. If you want to accelerate this process, you’ll have to find some ways to make extra money. If you pour all of this extra cash into your debt pit, one of these days it will be totally full, probably sooner than you presently think possible.

One of the keys to making extra money is finding a way to make extra profit without adding a bunch of overhead costs. That’s one of the problems people often report with ride share programs like Uber. Even if the profits are decent during some times of the day, there is undeniable wear and tear that happens to the vehicle, not to mention fuel costs.

One great way to make extra money without incurring large extra costs is spread betting with ETX Capital. Whether or not you are currently familiar with spread betting, it’s an industry that many people are turning to for extra cash at this point in history. Spread betting makes use of many of the same skills that traditional investment does, but without requiring users to actually buy expensive securities.

Instead, spread betting is all about value speculation. When you make an account with a reputable broker, you will see a large variety of currencies, stocks, commodities, etc. You’ll be able to stake money on predictions about these financial entities’ future values. Each prediction contract will expire at a specific time, at which point the the values of the items in question will be checked against your prediction. If you speculated the the price of one would rise, and that is actually what happened, you will incur profits in proportion to how much the price actually changed in your chosen direction.  

This is a great choice for people in need of extra cash because it doesn’t require a large initial investment. Most brokers have a very low minimum initial deposit, or none at all. Users who have lots of knowledge about the reasons why certain items open for speculation change in value in specific ways will have a great advantage over “the house” because their predictions will correspond with real world events much more than speculations made at random.

Another great thing about spread betting is that the skills you acquire in this money making formula will translate to other kinds of investment. If you become intimately familiar with American commodities, for example, you’ll be able to make good purchases of real world assets like gold, when you’ve gotten rid of your debt and have some extra cash to spend. 

Investing is all about perspective. Knowledge acquired through spread betting will teach you a great deal about the world and open up other opportunities for profit. It takes some time to learn, but it requires only a computer or mobile device and a little cash to start. All the rest is up to you, and to the whims of the marketplace.

There are many ways to earn extra money to pay off debt, but none has the potential upside while teaching real world skills than spread betting. Start now and you’ll soon be over the learning curve, ready to test your skills and take your profits.

What is the AEX 25 Index?

Online broker services offer traders the opportunity to buy and sell a variety of financial instruments, including positions on international indices. A stock market index represents the top shares listed on a particular exchange, and provides a clear indication of the health of a national economy.

A stock exchange brings together entities in need of financing. These include private and public companies, local authorities, the state, and agents with financing capacity such as savers and investors. The market helps entities acquire funds to finance the development, marketing, and distribution of their products or services, whether domestically or internationally.

Whereas some traders choose to invest in individual stocks, others opt to open positions on an index as a whole by trading ETFs (Exchange Traded Funds). This is in order to profit from the price evolution of a large group of the most important companies in a given country. ETFs are generally available only on the larger stock markets such as the S&P 500 and the NASDAQ, however, many investors prefer to identify more targeted opportunities on specific stocks.

Brokers like UFX.com allow you to benefit from advanced trading and charting tools when investing in the French index (the CAC40), the German index (the DAX30), and the Amsterdam Exchange index (the AEX 25).

What is the AEX 25 Index?

The AEX 25, representing the Amsterdam Exchange index, is made up of 25 large Dutch companies, including Royal Dutch Shell, Unilever, ING Group, Philips, and Heineken. Financial stocks account for nearly 30% of this index, Consumer Goods make up more than 20%, followed by Consumer Services, representing almost 15%.

Launched in 1983, the AEX 25 is reviewed quarterly in June, September, and December while a full annual review is conducted in March. During its quarterly review, companies are often removed or added to the index.

The AEX is a market value-weighted (capitalization-weighted) index, which means that its constituent stocks are weighted differently according to the value of each company. This weighting is calculated by multipying the share price by the number of outstanding shares.

When investing in the Dutch stock exchange, traders should not only stay updated on economic news concerning the Netherlands, but also on all European countries. Stock exchanges in Europe are highly correlated and any trading activities between these nations can impact traders’ decisions. For example, in 2000 the Euronext NV was established following a merger between the Paris, Brussels, and Amsterdam stock exchanges.

Trade agreements and the geopolitical environment also play important roles in the price evolution of a stock index, helping traders determine expectations and projections for future growth.

Your Guide to Making Money Trading

When you think of trading in the financial markets, what do you think of? For most people, they think of Wall Street types shouting on the phone or sitting behind a bank of computer screens.  Indeed, this image has been reinforced by a number of movies and other snippets of popular culture. However, the important question is whether this is exclusively the realm of sophisticated investors? Can an average person from their home pick up trading and make reasonable returns?

The answer is yes.

Trading online is now within the reach of millions of people worldwide. However, before you can actually embark on the trading route, there are a number of steps that you should follow.

1. Brush up on the Basics

Although one does not have to have Wall street experience and an education in finance in order to succeed in online trading, a certain degree of basic understanding is indeed required.

The trader should first cover the basics of finance and economics. This will help cement some elementary understanding of how changes in the global economic scene will impact on asset prices.

Similarly, a simple understanding of how supply and demand will usually drive asset prices is needed if one is to be expected to exectute trades on a broker platform.

Once you have an idea of how asset prices are likely to move given economic changes, you have to take the time to read up on the numerous financial instruments that you can trade.

There is Forex, Equities, Commodities and Crypto Currencies. Then, once you have decided what asset class you would like to trade, you need to decide on which particular assets within that class you want to trade.

I am generally of the view that when a trader specialises in a particular asset, they are able to learn all of the unique factors that could have an impact on that asset and hence be better than the competition.

It also helps to reach out to professional managed account traders in order to tap their brains for knowledge on how they manage trades and which asset classes / assets they are most comfortable trading.

2. Study the Instruments

Now that you have an understanding of the type of asset that you would like to trade, you have to narrow down the particular instruments that you would like to use.

There are a number of trading instruments but two of the most popular are CFDs and Binary Options. These two instruments differ in a few fundamental ways.

A CFD is a levered instrument where the trader will be taking a view on the spread of the asset price when opening the trade. A CFD is traded on margin which means that can indeed be quite a risky investment.

A binary option on the other hand, is an instrument with a defined downside risk (premium) and a defined payoff. This is sometimes why traders enjoy trading them as they know the amount that they are likely to lose on any given trade.

You can read more about binary options vs. forex and CFDs if you are interested in brushing up on the fundamentals.

3. Formulate a Strategy

Once you know what assets you would like to trade as well as the type of instrument that you will utilise for the trading, you need to formulate some sort of strategy before you decide to trade.

There are three types of strategies that you should at least have in order to increase your chances of success while trading. These are a money management strategy, a trading strategy and a risk management strategy.

A money management strategy is essential to you being able to keep control of the funds that you have in your account. It is also the strategy that you will use to strategically upsize or downsize the trade amount.

Similarly, you need to know what trades to place according to some sort of trading strategy. This could involve the use of some established disciplines like technical analysis, fundamental analysis or a combination of both.

You also need to be able to manage your risk. If you cannot control your impulses or take the risks at the right time then you are unlikely to take advantage of opportunities.

4. Find the Right Broker

This can be one of the most fundamental steps that the trader can take when they first start. Indeed, the broker that you select could impact on your profitability in a number of ways.

Firstly, the broker will be taking a commission and if the broker is not a legitimate broker, then the amount that they will be charging may be above market standard.

A broker also has to have a really efficient and functional platform. The trader needs effective tools like charting, news feeds and seamless execution if they are to implement some of the strategies above.

Lastly, the broker should allow the trader to trade on a demo account with free money before any financial commitments. This will allow the trader to get comfortable with the platform and process before trading.

The broker must be regulated and have an established track record. IQ option is one of the best brokers one can use as a new trader. You should take a look at other online sources like this IQ option broker review in order to learn more about the broker.

4. Start Trading

Once you have set up an account with the broker and are comfortable with your trading on the demo, you can progress to the next stage and fund an account.

You should start small and make sure that you stick to all of the guidelines that you set yourself while trading on the demo account.

It is also really important that you are not dogmatic. Some of the best traders know that their strategies should be adapted and tweaked if the desired results are not being achieved.

One of the most critical things that someone should do when trading is to make sure that they are able to remove emotion from the decision making process.

Trading is all about being analytical and calculated. You need to be able to take the risks and hold back from trading based solely on your analysis of where the markets are moving and what the most optimal trade is.

Don’t Give Up

Although these steps may initially seem quite laborious to you, they are essential to you being able to trade profitably over the long term.

There will come times at which you may feel slightly disenchanted and question whether trading is really for you. These thoughts should not be able to cloud your judgement.

When you turn on your PC for the first time and try to trade, it may not be profitable. Trading is like everything else in life. What you put in is what you get out.

If you are dedicated and are willing to constantly evaluate your trading, you will be on the road to trading success and financial freedom.

Online Trading Guide – From Side Gig to Full-Time Job


If you have the dream of being a professional, full-time trader, you are in good company. People like Cory Mitchell at VantagePointTrading.com and Danyel Perez Novoa are just a few examples of successful day traders.

Many people share your online trading dream. You may want to give up the hassles of commuting to work, dealing with an overbearing boss and more. Online trading can be conducted from the comfort of your own home and on your own terms, and this means that you can change your entire life when you make this transition.

However, only a handful of these individuals who share your dream take the proper steps required to trade professionally and on a full-time basis. When this is going to be your full-time job that provides you and your family with a reliable and hopefully stable source of income, you need to follow a few important steps.

Increase Your Investment Capital Over Time

Unless you have already saved up, you will need to develop a nest egg over time. This can take many years to do in some cases, so be patient. The stock market typically earns a yield of approximately eight to ten percent. Day trading, such as investing in the stock market and Forex market, can produce a higher yield.

However, you will still need a substantial amount of investment capital to produce a large enough yield to live comfortably on. Because the market has its ups and downs, it is best to have a larger nest egg that you actually need to get started with.

Using online resources can enable you to learn the ropes before you put your own capital at risk. While generating a great return on your investments can help your money to grow more quickly, you also need to make plans to contribute more funds to your accounts on a regular basis.

Learn About Alternative Investment Options

New stock market investors often look most heavily at blue chip stocks. These are perceived to be a safer option because they often have a good dividend yield and the companies are usually stable and established. However, there are many other investment options that can be far more lucrative.

If you’re not sure about how much an opportunity might yield, you can always set up try out various Forex trading strategies.

The Forex market trades in foreign currency, and it operates 24 hours each day. While this can be a riskier market to invest in, it has incredible benefits and opportunities for tremendous profits. A smart idea may be to learn about investment alternatives such as this one and to invest at least some of your money in riskier and potentially more profitable investments.

At all times, your portfolio should be moderated based on your tolerance for risk as well as your need for growth.

Scale Back Expenses

If you are interested in living entirely off of your online trading income, it can be helpful to scale back your regular living expenses as much as possible. By doing so, you will need to generate less income each month to live off of. You may therefore be able to transition into full-time trading more quickly and with less risk of failure.

You can scale back expenses by refinancing and paying off your outstanding debts, moving to a more affordable home and adopting an improved lifestyle. Consolidating high interest credit cards into a lower interest rate personal loan with a fixed term is an excellent way to improve your current budget and to eliminate this debt faster.

Make an effort to scale back expenses as soon as possible. When you reduce expenses while still working at your full-time job, you may be able to save and invest even more money. This can ultimately help you to reach your goal faster.

Monitor Your Investments Regularly

When you are building up your capital and refining your knowledge in investments and trading, you likely will still be working at your full-time job. After all, you need to accrue enough capital to pay those bills.

During this period of time, you will need to regularly devote several hours each day to your investment activities. Your goal is to make strategic and thoughtful financial decisions that will grow your nest egg quickly. In the process, you can learn more about investments and trading so that you can more confidently leave behind your day job and become a full-time trader.

It may seem like you are working at a day job and a part-time evening job as a trader. This can be tiring, but the effort will be well worthwhile when you eventually leave your day job behind.

Consider Taking on a Part-Time Job

Over time and with regular effort, you may see your nest egg grow in size, and you may quickly approach the time when you can quit your day job. It is important that you contribute as much money as possible into new investments so that your nest egg can grow at a faster rate.

However, eventually, you may be able to generate enough income from your investments that you feel comfortable downsizing your employment status.

Rather than jump ship entirely, it may be wise to transition to a part-time job for a few months or even years. This way, you can continue to learn more about investments and trading. You can also have a reliable source of income to at least partially pay your bills.

In the event your trading efforts go south, this part-time job can be a saving grace. Ultimately, your transition to becoming a full-time trader can be easier and less risky with this approach.


Eventually, you will be able to transition to being a full-time investor. Some people think that they can enjoy leisurely days on the golf course and enjoy a life that resembles retirement when they are a full-time trader. However, this is a fallacy.

Full-time traders spend a great deal of time connected to their phones and computers. They must actively monitor their accounts, execute trades and take other steps to produce a profit on a regular basis. After all, this will be a profit that you and your loved ones need for financial sustenance.


9 Reasons to Use Facebook Streaming for Business

Facebook’s live video feature has opened a lot of doors for business, with plenty of organizations using it to improve the way they communicate with their market. Here’s why you’ll want to as well:

Gives Readers Insight into Your Brand

People are remarkably more inclined to shop from a store or pay for services when they know something more about the people behind the business. With Facebook’s live video, you can show your audience a side of your team or company they’ve never seen before, says Problogger. By letting them get to know you better, they gain a positive image of your company, a humanized one that makes them more inclined to spend money at your shop or on your services.

Encourage Better Engagement

People are more likely to shop from your shop or store if they’re engaged. live videos make that easy enough to pull off. Unlike emails, chats and voice calls, broadcasts offer your audience the chance to see you. That brings the communication to an entirely different level. Simply by the nature of the medium, your customers are bound to exhibit greater engagement and attentiveness.

Provide a Look Behind the Scenes

Showing customers a look behind the scenes or what happens during a particular process or what your HQ looks like can encourage just the kind of excitement that could boost conversions and sales. By going on live video, you can provide your customers with the kind of information that can make them want to go back for more.

Launch Your Products

You can use the live video feature to launch a new product or service. Cover the event and provide offsite customers and clients with a glimpse into important parts of the launch. This can generate positive buzz that could improve your efforts to market your new products and services.

Reach Out

One of the best uses of live videos is to use it to reach out to customers. Have them ask your staff

questions, send your team comments and generally interact with your customer service crew. However, keep in mind that this could also open your company to a potentially awkward situation. Best to make sure that whoever handles the Q&A portion knows how take questions and criticism well and can answer in a way that puts the company in a positive light. Otherwise, you could end up with a social media nightmare on your hands.

Do a Few Tutorials

If you sell products or services that require a bit of background, you could include product tutorials on your site. Do them via live video and you’re sure to net plenty of attention from your audience. You could also do tutorials involving issues or topics that your customers are interested in. That way, they’ll be more likely to watch those broadcasts, from start to finish.

Provide Information

Live video allows you to provide your audience with information on events that are happening in real-time. Just make sure you use the right equipment to pull this off. Facebook streaming with BlueJeans, for instance, gives you a slew of features that can improve the experience for you and your audience. If you want to deliver the best possible broadcast you want, rendered in quality that won’t put your brand to shame, then finding the right tools can have a major impact on your live streaming experience.

Make a Mark

Over the years, video consumption has grown and it doesn’t show signs of stopping any time soon. As the trend continues, finding ways to deliver valuable content through video starts to become important. If your company wants to stand out from the rest of the competition, going on live videos and providing your audience with video content is one way to answer the demand. Any company that succeeds in doing so can expect to be front and center of the market. That’s one way for you to wrestle a bigger portion of your target audience off long-time competitors and big-budget companies in the field.

Reach More

Live video has the potential to reach a bigger market around the world. It’s the kind of reach that could put your company and business on the map, says Business2Community. If you want to boost interest and attention for your products and services, what better way to do it than through video, one that’s accessible to people worldwide? If you want to expand your consumer base to include foreign markets, this is a good, solid place to start. The best part of this is that, you get to do this without spending too much of your capital. Facebook offers you a way to get do your marketing broadcasts rendered at incredibly low cost.

Facebook live streaming offers a ton of benefits to businesses. Give it a start to see how it can turn your business completely around.

The Two Main Ways of Opening a Company in Hong Kong

Thinking of registering a company in Hong Kong? You can do it in two ways; (1) purchasing a shelf company, and (2) incorporate a new company.  A shelf company is an already incorporated entity that people buy to avoid going through the logistics of registering a new company. Sounds simple? It might look direct but becomes very complex and almost impossible to complete the process.

In this post, we look at these two methods and establish why it is better to register a company from the beginning compared to the shelf entity.

Why people buy shelf companies

  • Shorter processing timeframe: Because the shelf company is already registered, all that remains is transferring the ownership. This could take about 2-5 days while the common registration process requires about 10-14 days.
  • Opening a bank account could commence within no time: Now that the transfer of the company will be through in only a few days, the process of processing a bank account can start immediately after.
  • Having a company with older legislation date builds on trust: Many people want to be associated with companies that have taken longer in the market. They create the impression that they are more established and could attract more clients.

While these benefits might look attractive, the disadvantages make the process very unattractive.

Dangers of buying a shelf company

  • Because the company was not registered with your business in mind, it is very difficult to get a perfect match. The company you buy is likely to miss the anticipated outlook. You need an outfit that rhymes well with your desire to enter and grow in the Hong Kong market (check OECD requirements).
  • Opening a Hong Kong corporate bank account is a herculean and almost impossible process: While the argument that you will easily transfer everything might sound easy, everything hits a snag when it comes to the bank account. To transfer the bank accounts of the shelf company to the new buyer, banks want to get convincing reasons from all shareholders. Most of the companies will simply decline while others will recommend that you open a new entity. When things reach here, the risk of losses or having a company that cannot trade are too high.
  • The names are very limited: Because the company is already incorporated in Hong Kong, you have to get contented with the available names. While you can change the name later, the process is lengthy and risks confusing the clients you will have made.

Registering a new company

Why take all the risks that come with buying a shelf company? The better way to go about it is registering a new company through this agency (just an example). Though the two weeks period might look long, it is better to wait and have the outfit that rhymes with personal aspirations.

Benefits of registering a new company 

  • The company takes the outlook, name, and structure of your choice
  • There is no risk of losing money because your details go directly to the company registry
  • You can get an agency to help register the company without having to travel to Hong Kong.
  • Incorporating a bank account in Hong Kong will be direct and easy

While a shelf company always looks attractive because of various benefits, everything grinds to a halt as the reality of loss dawns to investors. However, do not get into such risks! Contact a serious agency today to help you understand the Hong Kong market, register the company, and establish as fast as possible.