All Posts in "CAPITAL FINANCE"

Finance Executive, John Sykstus Lists Five Reasons Your Business Needs to Invest in an ERP System

So, what exactly is an ERP? Good question! An ERP is a type of business software known as Enterprise Resource Planning. This type of system is an invaluable resource that can be implemented in various industries to improve accuracy and streamline many of the day to day tasks that businesses and employees are faced with. In today’s world, it can be tricky to determine if the latest in software is worth the investment or if it will be beneficial for your business on a long-term basis. By understanding the numerous advantages associated with ERP systems, you can determine if it is a worthy investment for your company. Below, John Sykstus, a financial strategist with 25 years of experience helping businesses realize growth potential, lists 5 reasons why your business needs to invest in an ERP system:

Finance Executive, John Sykstus Lists Five Reasons Your Business Needs to Invest in an ERP System

1. Improve Company Wide Collaboration

Tired of waiting for information from inventory to make its way to accounting? With an ERP in place, all this crucial information is available to those who need it at any time. The ERP system calculates and displays data in real time, which means that everyone is on the same page. This allows managers to make informed decisions and eliminates any mistakes as the result of miscommunication between departments or human error during data entry.

2. Evaluate Your Company’s Strengths and Weaknesses Quickly

Aside from increased collaboration, having access to company data in real-time allows senior management and business owners to identify any problem areas quickly. Instead of … READ MORE ...

Ronnie Jackson by — January 25, 2019 in Capital Investment
IdeaPros Explores the Benefits and Drawbacks of Starting a Business While Working a Full-Time Job

Starting your own business is an enticing prospect; it enables you to have flexibility and control over when, how, and with whom you work. The ability to be your own boss and hold your working life in your own hands is a great feeling. However, being self-employed is a risky prospect, which is why many people start businesses while remaining in their full-time jobs. IdeaPros, a firm composed of veteran business executives, examines the pros and cons and the questions that come to mind: How does this work in real life? What are the benefits and drawbacks of this approach? 

IdeaPros Explores the Benefits and Drawbacks of Starting a Business While Working a Full-Time Job

Benefits 

There are some excellent benefits to maintaining your full-time job while trying to start your business, including:

Peace of mind

Perhaps the number-one reason that people stay in employment while starting their own business is financial security. If anything should go wrong in your business, it is good to know that you have a safety net and stable income to protect you and your standard of living. Having a job can also be beneficial from a networking perspective, as your employer can sometimes help introduce you to potential business contacts. However, you should always be careful not to cross any ethical or legal lines if you are going to be working on your business during work hours on your regular job. 

Develop new skills

Running a business while working elsewhere forces you to practice time management, project management, and due diligence. These are valuable skills which are transferable … READ MORE ...

Ronnie Jackson by — January 17, 2019 in Capital Investment
Why Your Business Needs Public Relations (PR) In 2019

You must be asking yourself whether public relations still matter in 2019. Yes, it does. Remember that it is through public relations that you can create brand awareness and get your business out there for sales and conversions. A Gold Coast led team can bear witness to how many public relations has done for businesses the team has had contact with. The following are the reasons why you need to get public relations experts on board.

Why Your Business Needs Public Relations (PR) In 2019

1. Image

Well, the first thing that PR will do is create an image of your business. Good PR will help your business develop a perception of it in the eyes of both the existing and potential clients. What role does image play in the success of an organization? People will always want to associate with positivity. What that tells you is that if you can create a positive image for your brand through public relations, then that gives you an edge over the competition. Clients will want to associate with your brand: which is good for business.

2. Target market

Through PR efforts, you are more likely to reach the market segment that you are targeting. Agencies like Tailored Media have 20 years experience, they can attest to the fact that targeted marketing is fruitful. Public relations experts know where to find your audience and how best to reach them. Through that, you will be able to save resources both in the form of time and money, and better still make sales. … READ MORE ...

Ronnie Jackson by — January 10, 2019 in Venture Financing
Five Excuses For Not Doing A Startup!

It is suddenly hot to be involved with startups. Entrepreneurs are the new rock stars or film stars. Film stars, singers and models are the new entrepreneurs. However, it is a mistake to believe you are an entrepreneur just because you attend networking events and hang out with the startup crowd. Launching a startup is risky and it’s therefore easy to prevaricate and find excuses not to start. Here are a few of the most common reasons for not starting a startup and some ideas on how to overcome them:

I don’t have an idea – it is easy to imagine that all the good ideas have already been taken. However, it is wrong to obsess on finding an idea. Think in terms of either solving a problem that you encounter in real-life and doing it ‘quicker, smarter, cheaper’ or develop a vision of something you want to change in the world. Don’t overwork the idea at first. Get a co-founder and work it out together – it’s sure to change a lot on the way.

Five Excuses For Not Doing A Startup!

I don’t have any money – this can often mean uncertainty about the idea! There is little doubt that there is high financial risk in getting involved in a startup. At the early stage it is always a case of beg, borrow, and test your negotiating skills with everyone! However, the situation has got a lot better over the past few years with Startup Loans and Crowd-funding. Don’t use lack of money as an … READ MORE ...

Ronnie Jackson by — December 5, 2018 in Venture Financing
Money Management Made Simple With These Easy Tips

A rule of thumb that a lot of people tend to forget about when they are dealing with their finances is staying within your means. So many people fumble and misalign their finances because they’re trying to buy things they cannot afford. When you are spending outside of your price range you run into a lot of trouble. You find yourself in a tremendous amount of debt for no reason at all. If you want to stay above water with your finances look at all of your options before you start spending. Look at some va loans boise id to make sure you’re getting the best rate on the house. Don’t finance any car that is going to have an interest rate that is going to make it hard to pay the monthly bill.

Money Management Made Simple With These Easy Tips

Consider Multiple Options 

There are always multiple options to consider when you are paying money back. Don’t ever put yourself in a position where you take the first offer just because you are in a hurry. Take time to analyze what offers are available to you when it comes to anything that you buy. This is important for things that you are financing as well as everyday purchases for smaller items that you are buying in cash. You should be a person that looks for the best sale. Look at all the opportunities to improve on what you’re saving. Consider waiting at times for the best deal. Do not put yourself in a position where … READ MORE ...

Ronnie Jackson by — November 11, 2018 in Venture Financing