Recessions are a part of economic life, but they are difficult to predict in advance. That’s why the best time to develop a plan is while things are looking up. By making wise choices while the economy is stable, you can prepare for the uncertain future. Here are nine ways to prepare your business for the next recession.
Most people who start a small business may be aware of the general costs of incorporating their business, buying initial inventory, and securing a location. Then they start looking into the everyday operational and organisational costs. But there always seem to be categories that people either forget or downplay. When they start to add up, however, they will affect your bottom line and you’ll be forced to make adjustments if you want to remain competitive. Let’s take a look at some of the common costs of running a business that are overlooked.
Securing a loan against your property for any reason comes with a degree of risk by its very nature. Some loans such as mortgages will of course need to be secured against a property, whereas in other cases, you may not need to secure the loan against bricks and mortar if at all. One of the key benefits of securing loans in this way is that from the borrower’s perspective, more money can be borrowed so long as there is enough equity owned by the borrower in the property.
Fintech ventures have changed the borrowing system, making it more accessible and reliable. This revolution has made private money lenders pose a constant threat to traditional banks. However, the current economic climate and popularity of this business have made it an easy target for scammers. This article aims to help you find a legit money lender and avoid any frustrations.
Student finance has always been a difficult topic, but it’s even more so nowadays. The pandemic situation and resulting economic problems have forced many students to apply for student finance. This may be the only way for some students to apply for higher education.
Estate planning is essentially critical for those who are property owners in their later years, and there’s some good reasons for that classification too. Here’s why estate planning is critical for property owners.
Very few professions are as versatile as that of an accountant. Unlike most skilled workers, including doctors and engineers, the accountant can potentially work in any industry. The ability to work with numbers, or rather make the numbers work for their employers, is a universally applicable and appreciated skill which has validity across the entire industry. As long as there is significant business involved, accountants will also be there to manage it all.
Whether a property is a small one-star hotel or a massive five-star place of luxury, it makes the community a better place to live. Dive into the economic impact of hotel development and learn why it’s essential to the well-being of cities, states and countries.
This was particularly the case in companies with a strong connection to tourism, whereas, companies in the tech and communications sectors, were found to be hardly affected and will return to pre-COVID levels by early next year.
While some markets are struggling with an economic downturn, investors have been keeping busy. During the first half of 2020, there has been an uptick in trading activity across the world’s markets. In particular, significant growth was seen in stock and index trading, cryptocurrency, and CFDs.
In a post-covid world, mainstream banks and lenders have highlighted a much stricter lending criteria for mortgages, with first-time buyers to be hit the hardest. A long period …
A survey executed by MT Finance has found that 40 per cent of brokers in the mortgage industry expect the property market to take around six to nine …
When it comes to Private Placement Life Insurance (PPLI) and Private Placement Annuity (PPA), the firm that supports you must be one you trust implicitly. It’s a business …
The financial sector has had to adjust quickly to the rapidly changing landscape that Fintech innovations have brought. None more so than the established, older organisations who are having …
Once you have decided that you need to hire a new member of staff, you need to think not only about what their role will include, but also what you will pay them. Paying a fair salary is a vital aspect of procuring the right new recruit – get it wrong and you will likely end up with someone unsuitable for the job, whether they are over qualified and want more, or underqualified and can can’t deliver. To structure a fair salary scale, both the job specifications and market data must be considered.
When it comes to looking for a solution that is out of your industry and surrounded by incomprehensible amounts of jargon, navigating a foreign industry can be made that much harder. Demystifying that jargon and delivering challenger banking and payment solutions on behalf of its customers is Lerex Technology, a fintech that bridges the gap between technology and payments. As part of Acquisition International’s CEO of the Month Spotlight in each issue, we are today highlighting the hard work of the firm’s CEO, Richard Ney.
Physical contact is the primary culprit behind the unmitigated spread of COVID-19, also known as the novel coronavirus. This is why authorities all over the world are scrambling to lessen overall person-to-person contact in people’s day-to-day interactions.
Getting your small business off the ground is a trying time. You have already invested a lot of time and energy into making your dream of being an entrepreneur a reality, and sticking to a projected timeline is critical if you want to succeed in opening your business’s doors without going (too far) over your budget.
Growing your business is the goal of any new business owner. Starting up is excellent, getting those first customers are wonderful, but it is only when you surpass breaking even can you officially say that you have made it.
Online Trading Platforms in the UK More and more people are taking advantage of digital earning opportunities. Powerful platforms allow you to buy and sell currencies in the …
Engineered Tax Services, Inc. (ETS) is one of the largest licensed engineering tax firms in the United States that focuses on federal, state, and local tax benefits. We caught up with CEO, Julio Gonzalez who provided us with a detailed glimpse into the one of the best specialist tax engineering services providers in the country.
Over the course of twenty-four years, Barents RE have cultivated a presence across Europe, the Middle East, Latin America and Asia as one of the world’s most established independent reinsurance groups. Now, with up to six hundred reinsurance connections across seventy countries, we discover the global success of the firm in a profile that takes a closer look at what they continued to do so successfully over the years.
Having been named Lebanon’s leading taxation and assurance consultancy of the year in Acquisition International, Sarkis Sakr & Partners has secured its status as one of the country’s foremost accounting practices. Following the firm’s win in Acquisition International’s 2019 Leading Adviser Awards, we profiled them to learn more about their award-winning services and successes.
Alternative SME credit specialist Caple has supported EnSilica, a leading bespoke chip design and supply firm, with a £3.7m fully unsecured loan. This will enable EnSilica to continue its expansion into high-growth sectors including automotive, space and the Internet of Things (IoT).
At Denny Cherry and Associates Consulting [DCAC], expertise is the primary differentiator from other cloud consulting companies.
Based in Broken Arrow, Oklahoma, it’s surprising that IRON Tax is one of the few firms that specialises in the new field of cannabis accounting. We caught up with CEO Roger McCloud to find out more.
Driven by the meteoric rise of visionary tech billionaires, the popularity of strong leadership in the workplace has soared in the last seven years. In 2012, just 14% of employees said strong leadership was an important factor in attracting them to a new employer. That’s doubled to 28% in 2019. While the value of strong leadership may have been boosted by tech entrepreneurs, its influence is not limited to Silicon Valley and Tech City.
An international consulting firm with offices in London, Miami and New York, Intercorp Group serves high-networth entrepreneurs and their families, finding solutions to often very personal issues. Founded by Leonardo Braune, discover why this firm’s success has to led to his recognition as one of the UK’s leading tax and wealth planning consultants for 2019.
AURELIUS acquired Scandinavian Cosmetics as part of activities carved-out from Swiss Valora Group. AURELIUS successfully carved-out the business from its former owner and subsequently established Scandinavian Cosmetics as one Nordic group by implementing a common management structure and entering Denmark and Finland.
BDO is an accounting, auditing and consulting group in the economic, financial and social fields. Earlier this year, the firm found success in AI’s Global Excellence Awards 2019 where they were selected as Togo’s Leading Advisor in Audit & Assurance – 2019. Following this win, we profiled the firm to discover more about the exceptional services the team consistently provides to their clients.
Contact centre enhancements save £500K in first year, reduce attrition rates, boost customer experience and employee engagement as part of programme of digital transformation.
DSX, the professional cryptocurrency exchange, will be the only UK based, FCA registered platform offering investors the chance to buy Telegram’s Gram tokens when they go on public sale.
As cash machines dwindle and users increasingly turn towards new and innovative forms of payment, Staff Writer Hannah Stevenson explores the direction is the market is moving in.
Despite the stereotype of the younger generation being frivolous with their money, it seems they are actually one of the savviest generations when it comes to turning a profit on their own. While they are hesitant to invest in stocks, millennials and generation Z are tapping into the hyper-short-term investment of fashion and beauty. For example, there’s a huge market for buying and selling trainers at the moment, or in vintage fashion.
Brexit and business have become reluctant synonyms since 2016. Once the EU referendum was over, thoughts immediately turned to the ways in which a departure from the European Union would affect the economy. Today, three years on, the picture may not be any clearer. However, those in the business world are savvy enough to know that change in some way is on the horizon.
Spanish VAT Services is a pioneering, independent firm in Spain, offering tax advisory services solely in the area of indirect taxation. Earlier this year, the firm’s Managing Director, Fernando Matesanz found success in AI’s Leading Adviser 2019 where he was selected as the Leading Tax Attorney of the Year, Spain. Recently, we spoke to Fernando who reveals more about the innovative firm’s successful career.