Running a business is no walk in the park. According to the U.S. Bureau of Labor Statistics, “approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or
South Africa’s rapid induction into the smartphone era over the last ten years has given online credit companies a new playing field in the country’s marketplace. Instead of long queues and complicated applications, people now have easy access to money online, but such access can sometimes do more harm than good. We ask the question:
While traditional offshore jurisdictions tend to suffer from issues such as poor reputation, there are many other “onshore” banking jurisdictions that offer better benefits and stability. Despite what the conversation leaders on the internet are saying, you may want to avoid banking in the Caribbean and other classic Caribbean offshore jurisdictions. Offshore banking can provide
We can say that crypto currency is a type of digital payment that does not include banks for transactions. We cannot carry it like physical money because the payment in crypto currency payments exists digitally. When you transfer the crypto currency funds, all the transactions are recorded in the public ledger. Advanced coding is used
A business credit card can be one of the best ways to save money on your business purchases. If you have a business that makes any kind of regular purchases, a business credit card may be able to offer you rewards on that purchase as well as a special sign-on bonus. How do you get
It is well known that there are many ways to save money; however, few people realize the benefits of having one or more Personal Savings Accounts (PAs) in their financial portfolio. With a regular savings account, the money grows tax-free and is not taxable until you start taking it out. A Roth IRA has some
A virtual bank is basically a bank that provides its financial services remotely either through telephone banking and online banking or via an independent online banking agency network and can also offer access through ATMs, internet and telephone. This type of bank usually reduces the considerable operational costs of maintaining a physical branch network. Virtual
Running a restaurant is stressful. It is also easy to lose money if you are not managing everything correctly and orderly. In order to ensure that you stay open and you are financially sound in order to make a profit, here are a few ways you can effectively manage your restaurant’s costs. Stick to Your
When it comes to financial security, it’s possible to ask a bewildering range of questions, but they can all be boiled down to inquiring about two big ideas. The first one is asking how to become independently wealthy while the second one is asking, “What does it mean to be financially sound.” These concepts may
A consulting business provides clients with professional services in the form of expert guidance and support. Businesses and organisations often turn to consulting businesses as a way to find solutions for their problems. If a business finds that they haven’t been reaching their sales targets over the past few months, they may turn to a