Enemy of Debt

As a small business owner, you always have to keep one eye on the bottom line. Whether you’ve been in business for 20 days or 20 years, you likely know that you need to keep a cash reserve in the event that business slows down and profits fall. As a result, many business owners are reluctant to start spending money on business investments that may not provide immediate or tangible returns. However, if you don’t invest in your business, you can’t expect any growth. So, in order to scale your business while still being careful to avoid debt and excessive […] Read more »

With any startup, you have a virtual ton to manage. From optics and strategies to managing existing employees, obtaining funding, onboarding new employees, and almost everything in between. That being said, finding the right tools to make your life easier can be critical to the success of your new business. One of the key components of the foundation of any business is employees of course. When it comes to a startup, the right employees can make your business flourish while the wrong ones can cause complete collapse. So, while you’re busy making sure you find the best candidates, it stands […] Read more »

Wisdom might come with getting older, but unfortunately so can physical and mental ailments that leave an elderly individual entirely dependent on the medical system for maintaining their health. Naturally, this can run into some serious financial strain. Says a recent article, aging persons who have built up a substantial amount of equity in their family homes can elect to tap into it through a reverse mortgage loan to assist them in covering the cost of medical bills, long-term health care, and other health-related expenses that can be draining their bank accounts. According to the loan experts at All Reverse […] Read more »

Everyone has financial needs and everyone tries to fulfill those needs in the best possible way. Financial decisions are crucial and you must have all the necessary details and information before making those decisions. From INCOME.CA, you will get all the important information for every possible mode of managing and obtaining finance in Canada. Whether you need to open a bank account, looking for a loan, or wanted to invest, you can get UpToDate guidance from a reliable website such as INCOME.CA. Let’s have a look at some of the most important features of this resource: 1- Banking Want to […] Read more »

When you talk to a financial advisor, either to get advice about retiring, getting out of debt, or even how to invest, you will likely hear them use the term “risk tolerance”. In some cases, they may even give you a risk tolerance questionnaire to fill out. Higher risk tolerance means you can take more risks with your investments, which usually means higher returns. However, your risk tolerance is not the only type of risk you need to think about as you also need to think about your risk capacity. Why Understanding Risk Tolerance Is Not Enough Before investing, you […] Read more »

Being in debt can be worrying enough, but when that debt becomes unmanageable, it can have serious consequences on your mental health, relationships and all aspects of your life. Unfortunately, in 2020 Citizens Advice estimated that 6 million Brits fell behind on their priority debts due to loss of income. They also estimated that the average person would take almost three years to pay back just these debts — assuming that they used their entire disposable income to do so. Managing Debt If your debt problems lessen, so will the feelings of worry. The road to financial freedom can be […] Read more »

On its face, return on investment (ROI) is a simple business concept. At its most basic, ROI is how much money a business makes as a result of an initial investment. Though simple in concept, actually measuring ROI can often be difficult. As such, small business leaders may not be able to tell the difference between an investment that could generate significant returns and one that won’t. Thankfully, we’re here to help on that front. Check out these four high-ROI small business investments that can provide real value for your organization: Market Research Every business –– no matter how big […] Read more »