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Economic Crash

In 2008 millions of people lost a lot of money when the economy collapsed. Savings disappeared overnight, unemployment figures soared and major world leaders announced their countries had entered a recession. One of the main causes of the crash was the housing market. People were buying homes based on credit and guess what, it’s happening again. Research has shown that in 2016 buyers were investing in property that they couldn’t afford and leasing it out to people. It’s a recipe for disaster and one that could easily push the world towards another, deeper recession. It’s not the only problem that could have an impact in 2017 of course. As Britain edges towards leaving the EU, the disintegration of the European Union has begun. It’s difficult to say what type of impact this could have on the world economy as a whole. But it might be time to start preparing for the worse. How can you prevent an economic disaster destroying your finances?

Get A Second Income Setup

If your job is based on providing a service or product that is an expense they don’t need, you might want to think about setting up a second income. During the time of a rough economy, people stop spending as much as cut backs begin. It happens slowly at first but eventually businesses see massive slumps in demand. This in itself isn’t a problem, unless you’re selling items people no long want to buy. If that’s the case, you need a backup. There are lots of side hustles that will give you a little extra cash in your accounts when you might need it.

Pick The Right Form Of Investment

You need to make sure that you are investing your money in the right area. In 2008 people lost savings because the interest rate fell. The money they had saved over the years lost a lot of value, and there was no way to get it back. The value of shares in companies fell too leaving some people with nothing.

There are only two real ways you can keep your money safe through investments, no matter what state the economy is in. You can either invest in property or you can invest in gold. If you invest in property, you need to make sure that you are buying the right type of property. If you look at something like 1031 exchange property you should be able to find some great opportunities on the market.

If you’re investing in gold, you just need to think about where you’re going to store it and how you’re going to keep it. Once you’ve answered those questions, you need to consider how much you want to invest in gold. You should check gold prices today and ideally, you should be looking at converting a large chunk of your capital.

Limit Your Exposure

Lastly, you might already have investments setup that could become risky if the economy turns. If there are any signs that the world economy could take a tumble, and right now there are, you should sell these off. Get the capital they are worth and invest it in areas that are less at risk.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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The Smartest Ways to Develop Your Business

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Many business owners who are new to the game sometimes play things a little too safe. They’re just hoping not to fail; but in reality, this mindset sometimes keeps them from fulfilling their full potential. If you’ve already had a semblance of success, then don’t stop there: keep on going! In this blog, we’ll take a look at some of the smartest and most effective ways to develop your business. Incorporate these tips into your operations, and you might find that you don’t only bring in more customers, but that you begin to feel more confident and robust as a company.

Streamline Your Services 

It’s tempting to think that ‘more is more’; that is, that the more products or services that you offer, the more business you’ll get. But this isn’t really true. In many cases, it’s better to go with a ‘less is more’ approach. You’ll probably have one or two core services that you excel in; don’t complicate things by adding more services just in the name of expansion. Instead, focus on what you know you already do well. The deeper you go into those things, the better you’ll be able to serve your customers. 

Hiring Employees

You may have begun your business as a one-person operation, but there’ll come a point when you need to bring other people on board. You simply can’t do everything yourself! And in any case, it can often be more fun and satisfying to work with others anyway. If you’re going to push your company as far forward as possible, then you’ll need to ensure that you’re hiring talented, motivated individuals. A subpar employee will only hold you back. So before hiring, take a read up on the best tips to hire the right employee. Or, if you really don’t trust yourself to get it right, you can hand the job over to a recruitment agency.

Outsourcing Tasks

Of course, it’s not as if you’ll be able to hire an employee for every single task at your business. But that doesn’t mean that you should do them yourself. You’ll serve your business better if you’re able to focus on the tasks that you know you do well for your business, rather than the time-consuming or complicated tasks. For those jobs, look at outsourcing. There are plenty of tasks that can be completed by external companies, such as your IT needs, accounting, customer service, and so on. This won’t just make your business look and feel more professional, but will give you the time you need to focus on pushing your business forward in other ways. 

Survey Your Customers

You could significantly improve your business operations if you could simply give your customers what they want. Wouldn’t it be great to implement new operations into your business and know that they’ll be accepted by your customers? Well, it turns out there is a secret weapon that’ll provide this level of insight: talking to them! Surveying your customers is one of the most effective ways to nudge your business in the right direction. While you won’t always get the feedback you want, and getting your customers thoughts can sometimes be challenging, it should be considered a highly important part of your development. 

Monitor the Competition

You’re going to have plenty of good ideas for your business, but it’s not as if you’re going to be the only company doing what you do well. You will, of course, have competition, and it’s important that you’re keeping up with what they’re doing. This can help to guide your own decisions; if you don’t, then you could find that you’re left behind the times. One good way to ensure that you’re at the forefront of your industry is to be aware of what’s going on! A good place to start is by attending trade shows relating to your industry. There you’ll get an insight into what your competition is doing, and where things will be moving in the future. 

Step Up Your Marketing

The more people you can reach, the more you’ll be able to grow your business. One issue that many companies have is that, while they may feel like they’re marketing their business well, it’s not as effective as it could be. So take another look at your marketing operations, and see where you can make improvements. There are plenty of tactics you can use, but they’re not all of equal-effectiveness. Banner marketing is increasingly ineffective. Ringless voicemail and SMS marketing tactics like those offered by Drop Cowboy have been shown to be more effective. Rethink your approach to your marketing, and you might just find that you can significantly boost your business success.

Collaborations and Opportunities

The bulk of what you’ll be doing will be all about your company. But it’s not as if that’s the only option available to you. One great way to develop your business is to look at collaborations with other companies and to explore new opportunities. How this will look will depend on the type of business that you have — but a good place to begin your thinking is to think about working with other companies in your industry who are not direct competitors. This can provide your business with an injection of energy and also expose your business to a whole new audience.

Updating Your Branding

You might have developed your branding pretty quickly in the early days. But now that you’ve gotten some success, could it be time to give it an update? Solid branding can provide a great platform for your business, so it’s not something that you should take any chances with!

Looking Further Down the Line

Finally, one of the best ways to develop your business is to think about further on down the line, and think about the things you’ll do then. Everything might be going well now, but the future is coming whether you like it or not. If you make plans now, you’ll be able to take advantage when the future finally arrives.

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Things Worth Knowing When Starting A Fashion Business

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Starting a fashion business can be very exciting, and it’s something that you definitely want to give a go if you have the talent and skills to create clothing and run a business. You’ll only know if you’ve got both of them if you give it a go. Here are some things worth knowing when starting a fashion business.

Know Your Audience

Knowing your audience is important and essential for any business that you have, regardless. By knowing who your audience is, you are able to get an understanding of what it is they want from your brand, and hopefully, they’ll end up purchasing what you create. You can understand your target audience more by looking at what type of products you’d like to create and creating your ideal audience of who you think might like your fashion clothing. You might want to consider conducting market research and focus groups to make sure that you are creating for the right audience, and if not, conducting focus groups and trailing it can help you get a better understanding of who your market really is. It’s going to help you sell more further down the line. 

Remember To Protect Your Designs

Your designs are yours, and it can be heartbreaking and frustrating when other brands or individuals try and mimic your design or styles. It’s important, therefore, to clue yourself up on all the information when it comes to branding and fashion brand protection. There’s a lot out there that you can do from a legal standpoint to protect your designs and branding so that if someone were to copy it, you can deal with it swiftly and accordingly. It’s that extra step that might take a little effort to set up, but it will be well worth it.

Start With One Product

Try not to overwhelm yourself when you’re starting off your fashion line. Think about the key products that you’d want to feature on your fashion line and pick one to focus on first. This can be your debut item that launches your brand, and it should be something that stands out and will sell well. So whether you’re selling trainers or dresses, pick your first product wisely as it’s going to set a precedent for the rest of the designs and styles you create going forward. You want to start yourself off in the right way.

Create A Great Website Or Selling Platform

Creating a great website or selling platform is crucial nowadays, especially when it comes to your fashion business. The online world can offer a lot in terms of audience growth and success in general. Try to create a good website and design it in a way that looks appealing. Take time in this design, and be sure your branding is consistent across every platform you’re on. It’s all critical and contributes to the success of your company.

Starting a fashion business is certainly exciting, so use these tips to help bring your fashion business to life.

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The best services to improve your business’ online presence

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Internet was, by far, the biggest XXI century revolution, bringing a lot of changes into our lives. One of the most significant changes that have occured over the last decades can be seen on business management and how adapting to the internet era can have a significant effect on our company’s profits. With the help of professionals in the sector, we can launch our business right into the digital media world and increase our yearly income dramatically. 

Creating a webpage for your business

Since internet became a significant part of our lives, the way we see business has dramatically changed. In today’s society, a company without a web page is perceived as obsolete and ends up missing a lot of potential business. 

By hiring the services a web design Sant Cugat assistant, you will be able to create a webpage to launch your business right into the internet era. Studies show that having a webpage not only increases the visibility of the business, but companies with a nice, simple and fast design, help keeping the customers attention, assisting companies on keeping potential business chances that otherwise would had been taken somewhere else. 

Web designing companies are aware of how important this may be for small business owners, that is why now we can find professional website designer services like the ones offered by Mudblu. 

Mudblu is a website design company created keeping the needs of business owners’ into mind. It does not matter that you are not very familiar with internet and how websites works, Mudblu will have you covered all along the way. By joining their monthly subscription services, you will have your website designed and ready to get started, as well as the assistance of your own website building team. One of the things that makes this company a smart option for small business is their customer support team, who will assist you all year on any problem or doubt that could come across regarding your website.

Trusting only the best professionals in the sector for your Google quality score

Internet has brought a lot of changes to the traditional way in which we perceive business. Nowadays, a company is destined to fail without the proper internet presence.  The most notorious example of this has to do with our company’s Google quality score. By hiring the assistance of a professional quality score agency, you will be able to dramatically improve your business in an easy way.

A company that will help you improve your business relationship with Google is Quality Score Agency. Quality Score Agency, as its own name may suggest, is a company that focuses on improving companies quality scores. But the services this company offers go far beyond that, offering companies social media advertising services, google ads, etc. 

Although Quality Score Agency is based in Spain, they operate worldwide with clients in countries all around the globe, and are recently starting expansion with the opening of new offices in Miami and Colombia. 

Launching your business’ social media presence

Social media has become a vital part for the majority of internet users. Studies show that the average user spends around 2 hours and a half per day on checking their social media pages. Because of that, having a strong social media presence has become the best form of advertisement a company can have.

One of the most relevant social media websites over the last years have been Instagram. We can easily find Instagram pages for the more relevant companies in the market, which are gaining a lot of traction among their followers. But, how can our business compete with these big companies?
An easy way to achieve this is by purchasing Instagram likes. This practice would help us raise our social media presence, since Instagram posts with a big number of likes are able to reach broader audiences.

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