Starting a business is a great way to create additional sources of income. There are many different businesses that you can start, this can range from monetising a hobby or skill, buying and selling products or providing a service to solve a problem that is in demand. It is important to start your business withContinue reading “Important points to consider when starting a business“
Category Archives: Business
How I started my business without borrowing money
One area that stops a lot of people from taking that step of faith and starting a business is not having enough capital to start. Depending on the type of business that can be a huge barrier to starting however, I managed to start my business with no upfront capital and did not have toContinue reading “How I started my business without borrowing money”
5 Strategies to implement if you want to start a business but have no time
Many people would like to start a business, but always find it daunting because they are busy managing their current jobs, family and other commitments. It is always a very difficult balance to create however, it is possible. When I started Deep Pockets Finance (DPF), I was on maternity leave so I had additional timeContinue reading “5 Strategies to implement if you want to start a business but have no time”
Effective ways to find small business ideas if you are feeling stuck
Early on in my adult life, I knew that I needed ways of creating other sources of income, and starting a small business was one of the ways to do so. I used to get excited about the prospect of actually organising something and being able to earn from it. The main problem I hadContinue reading “Effective ways to find small business ideas if you are feeling stuck”
Would you consider using Cryptocurrency for your business?
Cryptocurrency or cryptoassets have been around for a while and it has mainly been seen as an investment vehicle. In recent weeks, there has been a lot of publicity around cryptocurrencies volatility, regulation, and wider usage. Governments are looking to develop their own digital currency and this led me to not only think about itContinue reading “Would you consider using Cryptocurrency for your business?”
What are Key Performance Indicators and why are they important for your business?
When starting or running a business, it can be easy to focus on the area you are passionate about and not really pay attention to how the business is performing. Setting effective Key Performance Indicators (KPIs) will help you to measure progress towards your goals whilst you focus on what you are passionate about. InContinue reading “What are Key Performance Indicators and why are they important for your business?”
Why is diversification good for your business?
Starting a business is hard, however if it is well planned and managed professionally it can be very rewarding. When running a business, you should consider diversifying it. With larger corporations, diversification normally means buying or merging with another business that provides the service or products they want to or trade in the industry theyContinue reading “Why is diversification good for your business?”
Running a side business? Here is what you need to consider
One of the ways of creating other sources of income is running a side business together with having a full-time job. This can be a hobby that is being monetised, a service being provided or products being sold. In this blog I will be writing about the 5 points you need to consider and beContinue reading “Running a side business? Here is what you need to consider”
(COVID-19): Support currently available for the Self-Employed and Businesses
Running a small business can be tough especially when income is not always guaranteed. COVID-19 has literally brought the whole world to a standstill and this is having massive impact on businesses. As most people are either losing jobs or being asked to take a pay cut, they are going to spend less and this willContinue reading “(COVID-19): Support currently available for the Self-Employed and Businesses”
How to proactively monitor your business cashflows
Starting a business is a good way to generate additional income, follow your passion or monetise a hobby. That said, one fundamental principle of running a business is managing the cash flows as this is the heart-beat of every business. Without proper cash flow management, the business will not be able to meet its obligationsContinue reading “How to proactively monitor your business cashflows”
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