Tuesday, August 11

Finance

The 4 Most Important Money Rules for a Recession
Finance

The 4 Most Important Money Rules for a Recession

A recession occurs when the value of goods and services produced falls for two quarters in a row. Whereas in ordinary times, the economy of a country tends to grow, during a recession, the economy shrinks, meaning there are less jobs to go around as companies become less profitable and cannot afford to pay their employees and shareholders. With debt levels rising, oil prices dropping, and the markets fluctuating, knowing some money saving tips can help you to survive a recession. Consequently, while the reasons for a recession are generally beyond our control, preparing for and responding to a recession can make a huge difference to your finances. So, let us discover 4 important money rules that can help you to survive a recession. Preparation is Key During a recession it is ...
5 Ways to Maximise the Earning Potential of Your Business
Finance

5 Ways to Maximise the Earning Potential of Your Business

When running a business there is never a bad time to take a step back to review how things are going. Checking in with your company enables you to make proactive moves that could potentially increase your earning potential. Most businesses go through periods that are better than others but there are valuable lessons to be learned from all of your experiences. However, during an era characterised by economic unrest, managing your business income can seem overwhelming. Nonetheless, in these unprecedented times, the golden rule of business ownership is to find new ways to diversify your income streams. Opportunities are everywhere, and therefore the solution to getting your finances flowing might actually be right under your nose. So, let us discover 5 business strategies that can boost...