Stock blogs

19 February 2020

Stock blogs
  • Kuwaiti parliament to investigate Airbus aircraft orders
    19 February 2020
  • ESG Investing, 20 Highly Rated ESG Companies for 2020 & Beyond
    19 February 2020
    We Deep-Dive Into 20 Big-Name Companies With Strong Environmental, Social & Governance (ESG) Policies, So You Can Invest Ethically & Profitably
  • How to Open a Forex Trading Account in UK
    19 February 2020
    Trading is fast evolving in the UK with many beginners considering venturing in foreign exchange trading on a full-time basis. There is no doubt that forex trading is a fun and exciting venture that’s marred with huge risks. Are you considering engaging in Forex trading in the UK? How do you go about opening a [...]
  • Sensex zooms 400 points, Nifty above 12,100
    19 February 2020

    About three shares advanced for every two shares declining on the BSE, while in the Nifty, 41 stocks gained against nine declining.

    The recovery, which started in late trading in the previous session, continued on February 19 as the percentage increase between each volatility in benchmark indices and broader markets. Short-covering may be one of the reasons for the day's rally.
    The GRS Solution
    The BSE Sensex gained 411.36 points to end at 41,305.74 and the Nifty gained 127.80 points to close at 12,120.30. The Nifty Midcap and Smallcap indices reported a rally of 1.3%, favoring bulls.
    About three stocks advanced for every two stocks that fell on the BSE. The Nifty was up 41 stocks, compared to nine declines.

    Bharti Infratel, Grasim Industries, Zee Entertainment, Coal India, HUL, Reliance Industries and Bajaj Finance Nifty were the top gainers, up 2-6%. Tata Motors and Sun Pharma lost the biggest with a loss of 1-2%.
    Here are the five factors that lifted market sentiment:-
    • Receding coronavirus impact:
    Businesses in China, the world's second-largest economy has been forced to close manufacturing plants and shut down services since mid-January following an explosion in cases of coronavirus.
    Rising deaths and infections in the country have worried about the world economy as well as China.

    Now, after an extended deadlock of about a month, several factories in China have resumed work, which could happen after the announcement of cost-cutting measures for businesses, but will be closely monitored as the outbreak is over.

    CNBC said that about 20,000 manufacturing subsidiaries of more than 80% of state-owned enterprises have resumed operations.

    In a release on 18 February, the Chinese Foreign Ministry announced that all medium, small and micro-sized businesses would not be required to contribute to staff old age pension, unemployment, and workplace safety insurance plans from February to June. The release said that large companies would have to pay only half from February to April.

    The virus that causes respiratory distress has killed nearly 2,000 people in China and infected over 74,000.
    •  

      Global markets:
    Asian markets cheered the news of the reopening of factories in China.
    Japan's Nikkei was up 0.9% and Hong Kong's Hang Seng gained 0.4%, but China's Shanghai Composite was trading 0.4& lower at the time of writing of this copy.
    European markets also traded higher as investors continued to monitor the spread of the virus and fresh economic data. France's CAC, Germany's DAX and Britain's FTSE were up 0.3-0.5%.
    • Rally in pharma, metals and other stocks:
    Metals stocks rallied, with the Nifty Metal index rising nearly 2%, especially after the factories in China resumed work.
    Pharma was the biggest gainer among sectoral indices, rising 2% after Aurobindo Pharma received Establishment Inspection Report with ‘Voluntary Action Indicated’ status for its Unit-IV. The stock gained 19% followed by Cipla, Cadila Healthcare, Biocon, Glenmark and Dr. Reddy's Labs that rose 1-2.5%.
    Among others, the Nifty Bank index gained 0.6 percent and FMCG climbed 1.4%, whereas auto remained under pressure, falling 0.2%.
    • Cabinet’s boost to the rural sector:
    With an aim at boosting farmer’s income, the Union Cabinet today approved Rs 4,460 crore for dairy farming and also approved changes to the crop insurance scheme.
    The Cabinet also decided to raise the benefit under the interest subvention scheme from 2% to 2.5%.
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  • What is your best 5G stock pick with growth potential?
    19 February 2020

    I feel like i missed the 5G train skyworks and Cisco looks very expensive what do u folks like that I should be with strong growth potential thanks

    submitted by /u/HiBulban
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  • MARKET ANALYSIS - BREAKOUT ON USDJPY
    19 February 2020

    MARKET ANALYSIS - Breakout on USDJPY

    Because most majors take a quick break there are only two interesting left. USDCHF and USDJPY.

    While USDCHF is still fighting with an intraday resistance we'll have a look at USDJPY.

  • Seeing stock prices pre-market
    19 February 2020

    Anybody know any good (and preferably free) websites where I can see the stock price pre market?

    submitted by /u/wincysss1
    [visit reddit] [comments]
  • Virgin Galactic (SPCE) going back up today?
    19 February 2020

    What do you think, I entered around $18-$24 and sold at $35. Thought I didn't have a ton of shares.

    submitted by /u/bewater1255
    [visit reddit] [comments]
  • Diamond Mine shares
    19 February 2020

    Apologies if this is the wrong place to post. If so please point me on the right direction.

    We have been going through some of my grandad's things from when he passed and found a copy of some shares he owned in a South African diamond mine.

    I have done a google of the diamond syndicate that it is from and have found nothing. I naturally assume that they are worth nothing but hoping someone here might know where I can find more information around it etc.

    It is the "Jager Mooiplaats Diamond syndicate Ltd"

    Thanks in advanced.

    submitted by /u/Ragathor89
    [visit reddit] [comments]
  • U.S. urges EU to use 5G by Ericsson, Nokia, Samsung, seen on par with Huawei
    19 February 2020
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Personal Finance

19 February 2020

Personal Finance
  • Pros and cons of a physician loan?
    19 February 2020

    My wife will be graduating from Vet school in May. We plan on buying a house probably in mid-2021 and the areas we are looking to buy a SFH goes for about $450k. This will be our first home. We currently have about $70k saved up and hopefully, if everything goes to plan, we will have more saved up after the next 12-16 months.

    My wife's friend was talking to her about physician loans, so I did some reading on them. The can apply to veterinarians as well, depending on the bank, they require less than 20% down, they can ignore student loan debt, and they can eliminate PMI. I assume all of this is in exchange for higher fees up front (not so bad, I suppose) or a higher rate (probably a bit worse).

    So we could be in a place in a year or so where we could go conventional mortgage with ~20% down, but I suppose we would consider a loan option where we can put down a little less, leave a little more in savings in case we need to do any work on the house upon moving in, especially if the marginal costs are negligible between the two options.

    So is there anything I am overlooking? Is the physician loan when you could get a conventional mortgage actually not that good of a deal?

    submitted by /u/radil
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  • Negotiating a much higher salary with a new job; need advice
    19 February 2020

    I am currently in the interview process with a large company in one of the most expensive cities in the world. I currently have a salary that is probably half of what I would need to negotiate to make the move worthwhile (they would pay for the move). Ahead of the final interview round they are are strongly requesting that I reveal my current pay and expected pay. Considering my low-ish pay (I don't live in an expensive area) and the average pay that I see on Glass Door (about double or a bit over double my current pay), I am reluctant to reveal either one. In addition, I am not sure what my expected salary is because there are many factors that I'm unsure of because it's in an entirely different country than my current one which carries with it many unknown factors that I don't have the time to investigate at the moment.

    Regardless of whether I answer or not, I believe the next round of interviews will continue and I will be considered seriously. I feel like this gives me the upper hand by not answering. What is the best course of action? Any and all advice is welcome.

    Is there any reason I should do anything like: a) embellish my current salary? b) answer one but not the other? c) answer both, but with qualifiers such as "but I live in a cheap area" and "but where you are is expensive"?

    It's honestly a little nerve-racking because the potential pay is almost unheard of in my mind - a sum I thought I could only ever dream of.

    submitted by /u/geouita
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  • I missed a payment date for a student loan and the current amount due is now doubled
    19 February 2020

    I recently graduated from college and now I have to start paying off my student loans, and I got quite a few from Navient. I accidentally missed the payment date of the 15th because I lumped my navient loan payment date with my Discover Student Loan payment date (Drexel is a very expensive school).

    Anyways, my total loan debt from Navient is 32k, rounded down. My total payment due was 664.96.

    My current amount due is 332.48, which I assume is for next month's payment.

    My past due amount is 332.48, which I assume is for this month's payment that I missed.

    If I pay the 664.96, does all of the 664.96 get taken off from the 32k, or is it only the initial 332.48, and the other half is late fees?

    I'm a complete noob when it comes to personal finance and loan payments so any advice would be greatly appreciated!

    submitted by /u/Gamdeng
    [visit reddit] [comments]
  • Buying home with partner. Co-sign montage?
    19 February 2020

    Me: 49F divorced, $30,000 in retirement, $50,000 salary, 2 children in college, manage to invest $300-500 per month currently into retirement (that will improve as children graduate from college), debt: $24,000 student loans and $10,000 auto loan.

    Him: 48M, divorced, $300,000 in retirement, $100,000 in bank, $150,000 salary, no children, maxs out retirement yearly, no debt.

    We live together and our agreement is I pay groceries, electric, gas, phones, my own expenses (student loans, auto loans, car insurance). He pays all else. We are moving into a bigger home that he is purchasing: Cost: $250,000 with down payment of $150,000. I will continue to pay groceries, electric, gas, phones, my expenses. He pays all else.

    I want to be sure I am protected financially for the future in case he leaves this earth before I do. WE ARE NOT MARRIED. I will receive 1/3 of his assets when he passes (1/3 goes to his bf and 1/3 to his sister)

    My concerns: 1. Should I co-sign mortgage? What are advantages and disadvantages? 2. He wants me to help finance any improvements we make to the new home. If I don’t co-sign, do I keep my money out of it because potentially I’d only get 1/3 of my investment back (1/3 of his assets per trust)?

    I completely trust him. He’s a good man. Just want to be sure we are doing the right thing. We discuss these things but neither of us are educated in smart financial decisions so we don’t know the right answer. Any positive input is appreciated.

    submitted by /u/LoudMindGentleHeart
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  • Asda vs Tesco: Which Supermarket is Cheapest? (and Which is the Best?)
    19 February 2020

    I’m a big fan of saving money at the supermarket. This mean’s I’m always eager to know which supermarket is the cheapest and offers the best value for money. After a recent shop at Tesco, I’ve decided to compare two of the UK’s biggest supermarkets – Asda and Tesco. In this post, I’m going to compare the two supermarket giants in as many ways as possible including Loyalty schemes, Customer Service, online delivery and last but not least Price tests (let’s face it there are loads of these), including my price comparison based on a real shop for a family

    The post Asda vs Tesco: Which Supermarket is Cheapest? (and Which is the Best?) appeared first on Pennies for the Piggy Bank.

  • Make Extra Cash By Learning How To Sell Your Stuff!
    19 February 2020

    Are you wondering how to sell your stuff

    Learning how to sell your stuff online or in person is a great way to declutter, make some extra money, and reduce your stress.

    I'm sure everyone has extra things laying around their home that they don’t need. If you are trying to pay off debt or reach some sort of financial goal, I highly recommend you read today's post so that you can learn how to sell your stuff to make money.

    I have a lot of experience when it comes to learning how to sell your stuff.

    I had to get rid of almost all of my belongings before we started traveling full-time, and I also used to work at a used clothing store for several years when I was younger. So, I have experience on both sides – both selling my old items as well as buying items from customers who were cleaning out their closets.

    I was always shocked by the number of things people brought into my store. People brought in bags and bags of stuff, and it was a great way for them to make some extra money.

    Many of these people were just like you – they wanted to learn how to sell their stuff to make more money or because they were interested in living a more minimalist lifestyle. This is a popular idea these days as many Americans live with too much clutter, which can affect your life in negative ways.

    Clutter can cause mental stress, you may be wasting money on storing things, spending money fixing things that you aren’t actually using, and more. If you want to learn how to sell your stuff for any of those reasons, today’s post will help you.

    Actually, living a more minimalist life has been more important to us now than ever. While we had to get rid of many of our items to travel full-time, we’ve also been able to reduce a lot of mental clutter, and this has allowed us to focus on the things that really matter to us. 

    We aren't perfect, and we definitely still have too many things laying around, but we are doing better than before.

    It was hard getting rid of a lot of things, and I understand that others feel the same way as well. This is all part of learning how to sell your stuff. You may have become attached to an item, there might be sentimental value, or you might just be thinking about how much money you wasted by buying the item in the first place.

    Keeping an item when you don't need it whatsoever doesn't make much sense. Just think about the storage costs and how the item is probably being damaged by being thrown around or sitting for too long.

    Trust me, I know how hard it is to get rid of things, but it feels so great when you live with less. The bonus is that you can learn how to sell your stuff to make extra money, which can take the sting out of letting things go.

    Whether you want to sell stuff from around your house to make extra money, to free up room around your home for things that are more important to you, or because you want to live a more minimalist lifestyle, below are my tips on how to sell your stuff and how to make quick money by doing so.

    Here's how to sell your stuff.

     

    What kind of items you can sell.

    As I said earlier, you probably have a lot of items around your home that you can sell!

    Many different things from around your home can be sold to make extra money. If you want to learn how to sell your stuff, simply begin by looking around your home.

    Start by looking in your closets, head down to the basement, up to your attic, and more.

    I'm sure there are plenty of things around your home that you can sell to make some extra money, and many of the items are probably not being used anyways!

    Here are some examples:

    • Clothing. To travel full-time, I had to get rid of so many clothes, and I know that I could get rid of more (I need to do this soon). Everyone has extra clothing they don't wear, so this can be an easy thing to find and sell. I recommend checking out a thrift store near you, such as Plato's Closet or Buffalo Exchange, to see if they will buy any of your clothing. There are also designer thrift stores paying cash for high-end clothes. Items you could sell include shirts, pants, business casual clothing, shoes, jewelry, costumes, dresses, jackets, your wedding dress, belts, formal dresses, and more. Many stores list the kinds of items they’re looking for based on the season and what’s in style.
    • Electronics and appliances. You probably have lots of electronics around your home that you may be able to sell. Even if you think the item is too old, you may still be able to make money from it. For example, the electric company in my old town pays $35 for an old fridge, even if it doesn't work. They will even pick it up from your home! Other items you can sell include cell phones, laptops, computers, cameras, TVs, and so on. Side note: Before you sell a cell phone or laptop, make sure you completely clear any information from it.
    • Furniture. Sometimes there is furniture you no longer have a use for. Maybe you just redecorated, or maybe you just have extra furniture taking up too much space. You might be able to sell it for cash. Even if it’s old or needs to be repaired, you may be able to make money selling it if you spend a little time fixing it up. In fact, I have friends who repainted their old furniture so they could sell it. Before, their furniture may not have made them any cash, but refurbishing certain pieces may allow you to make some extra money.
    • Books. Books are a great thing to sell for extra money. Depending on exactly what you are selling, you may be able to earn some good side cash from a stack of books. Whether you have textbooks, novels, encyclopedias, or other types of books, you may be able to sell them and earn extra money. 
    • Gift Cards. Many people have gift cards in their wallet that they will never use. Rather than letting that gift card go to waste, you can sell it online. Yes, you can sell your gift card even if you used some of it. It doesn't matter if there's the full amount on it or if it's a weird number like $13.57. There are several websites dedicated to selling gift cards.
    • Sporting Goods. Just like used clothing stores that buy your clothes, there are used sporting goods stores willing to buy your stuff. One used sporting goods chain I recommend is Play It Again Sports, and you probably have some things you can sell to them. Their website states, “Typically we will resell our used items for about 40-60% of what they would sell for new today. You would receive 30-50% of that amount depending on demand, condition and current inventory levels of like products.” Play It Again Sports probably isn’t the only used sporting goods store in your city, so check around online, and call to learn about each store’s buying process. Some of the items a used sporting goods store may buy include: helmets, kayaks, treadmills, ski boots, skateboards, weights, and more.

    No matter how little the item is worth, you should still consider selling it if you no longer need it. Selling one $5 or $10 item a day could be a couple hundred dollars a month. If you want to learn how to sell your stuff to make extra cash, remember that those small amounts add up!

    Or, if you have a closet full of clothes to sell, you may be able to bring them to a consignment shop like the one I worked at. Even though you may only get a few dollars per item, you may walk out with an easy $100 (and you don't even have to list anything online or ship things out!).

     

    The places where you can sell your belongings.

    There are many places where you can sell your stuff. You can sell your stuff online, offline, or have someone else sell your stuff for you.

    Below are several different places you may want to check out when first learning how to sell your stuff.

    eBay. I used to always try to sell my belongings on eBay first. Potential customers are located all over the world, and for the most part the fees aren't too bad. My main tip for using eBay is to always make sure you have proof that you shipped the item, especially if it’s high value. Once, I made the mistake of not having shipping proof, and the buyer claimed they never received the item, so I lost both the item and the money. I have since learned from this lazy mistake.

    Craigslist. Craigslist is a popular place to sell your unwanted items. It's free and easy to use, but be careful and aware of all of the Craigslist scams out there.

    Facebook. Facebook local sales seem to be getting more and more popular lately. There are local buy/sell groups, groups for specific types of items (like kids stuff), and more. I see at least a few postings from Facebook friends of mine each week. It works sort of like Craigslist, where you list your item and hopefully someone wants it. The benefit of learning how to sell your stuff on Facebook is there are zero fees and your potential audience is large.

    Second hand stores. There are two ways these usually work. Either you will get a percentage of what they plan on selling your item for in the store, and you get your money regardless if it sells or not. The other way is that they place a price on your item and you only receive payment if and when your item sells (called on-consignment). You will usually make less money by bringing your item to a second hand store because they do all of the hard work for you. After all, you’re just dropping off your item. If you want to learn how to make quick money, then this option might be for you. Second hand stores make it extremely easy to sell your stuff.

    Hold a yard or garage sale. If you have many items that you want to unload, then holding a garage sale is an efficient way, and it can help you make quick money as everyone will be coming to you. Usually, you don't charge very much for items at a garage sale though, so keep that in mind.

    Etsy. If you create crafts that you think others will like or if you have found some cool vintage items, then Etsy may be the best place to list your items. I have never sold on Etsy myself, but I know plenty of others who have had success on this website.

    Related: How Thrift Store Reselling Is Good For The Environment And How To Do It

     

    Apps for selling your items online.

    I just listed a few places to sell your things online, but there are actually a ton of different apps for selling your unwanted items. Some of these places have specific niches, but others will let you sell anything and everything. 

    These apps make it even easier for you the seller to market your item to a wider variety of potential buyers. They have easy-to-use platforms that make it easy for you to take a picture, describe the item, and list it for sale. Some even handle the payment process for you.

    Here are six great apps if you want to learn how to sell your stuff online:

    • Decluttr. This app is specifically for selling electronics, like old cell phones, CDs, tablets, game consoles, and video games. Decluttr gives you a free valuation for your item so you know how much you can sell it for before listing it.
    • Poshmark. This is a great site for selling clothing, shoes, and accessories. It’s free to list your items on Poshmark, but you pay $2.95 for sales under $15, and a 20% commission on sales over $15.
    • OfferUp. You can sell anything on OfferUp, and it has a nationwide reach if you’re willing to ship.
    • Depop. This is a popular app for selling handmade, vintage, and unique clothing items. There are no fees to sell, and they recommend that you’re willing to ship to make the most money.
    • 5miles. This app connects you with local buyers in your area.
    • Charish. If you have furniture and home decor to sell, you might want to check out Chairish. You will pay a commission for your items, but it depends on how many things have listed on the site. 

     

    How to price your items.

    If you are selling at a second hand store, for the most part they will decide on the price of your items, and you’ll be paid a percentage of that. They have the experience and expertise (plus they’re storing the items until they sell for a higher price), and that's why they take a larger percentage of the cut.

    However, if you want to learn how to sell your stuff on your own, it can be a little harder to determine your prices.

    When determining how much to sell your stuff for, you will need to do some research.

    You should think about what you paid for the item, what it's currently worth, and what others are selling the item for used. It’s helpful to look at other items similar to yours.

    Next, you should take a look at the quality of the item you are selling and compare it to similar items that you find online and/or offline. If your items are of better or worse quality, you should take that into consideration.

    You can search other websites to see what similar items are selling for, see if the condition is comparable, and see if there are actually buyers for your product. Just because you list an item for one price, that does not mean that it will actually sell for that price. Sometimes you have to be flexible and be willing to take other offers.

     

    My tips so that you can learn how to sell your stuff successfully.

    You might be thinking “I've tried to sell items before but never have any luck.”

    That's probably because you were doing something wrong. There are right and wrong ways to sell things. You might have the exact same item as someone else, but that person may have more offers. However, for some reason you received none.

    This is for a reason. Here are my tips so that you can learn how to sell your stuff successfully.

    • Think about timing. The specific time at which you list your item and when your auction is supposed to end is very important when selling on a website such as eBay. Regardless of how you are selling your items, also think about the time of year/season. Selling a winter coat in the middle of the summer when it's 110 degrees most likely won't get you many buyers. Timing is very important and will help you get the most cash. Always think about when a person might need your item.
    • Describe your item well. Some items need to be described better than others. If you are selling a $50,000 classic car, it should have a better and more thorough description than a $5 shirt. When learning how to sell your stuff, this is a very important step that too many people skip. Don't forget to include a good title for your product because this is how buyers will find you. 
    • Think about how people are searching for items. Like with the tip above, because many online platforms use algorithms, you want to make sure your items are searchable. For example: if you have a pair of jeans, list them like “Levis jeans size 10.” Don’t just write “nice jeans that are really comfortable,” or something like that. Including the brand name is very important.
    • Take great pictures. This mainly depends on what you are selling. You definitely do not need to take 50 pictures of a $5 shirt, but taking 50 pictures of an expensive car is probably a good idea. Also, make sure your pictures show the product well, make sure there is good lighting, and try to showcase the item you are trying to sell.
    • Don't lie about the product. If the product is damaged, you should always say that upfront. Lying wastes your time and the buyers. Including pictures of the damage will show the buyer exactly what they are getting.
    • Be careful. There are scammers out there so please keep that in mind whenever you are talking to a potential buyer. I wish there weren't so many scammers, but sadly they do exist. If a deal sounds too good to be true, then it probably is.

    What other tips do you have for learning how to sell your stuff? What things have you sold in the past and where?

    The post Make Extra Cash By Learning How To Sell Your Stuff! appeared first on Making Sense Of Cents.

  • Morning Deals: Wednesday, February 19
    19 February 2020

    Every morning and afternoon we publish a list of the latest and best deals from our partner, DealNews. To learn more about the discounts and details, click on any of the deals for more information. To have this list, along with our latest news and stories, delivered daily to your inbox, sign up for our free newsletter. For links to deals as they’re published, follow @mtndeals on Twitter.

  • 7 Straightforward Ways to Improve Your Small Business
    19 February 2020

    Having a small business is a challenging endeavor. Everything depends on you, and you have to compete with other small businesses as well as giants in the industry. Furthermore, you probably want to increase your revenue without compromising the quality of your product. How can you achieve all of this? Here are some of the practical tools you can employ to improve your business and achieve the results you want.

    1. Know your mission

    You need to know what you want to achieve and what you need to do to get there. By knowing what your mission is, you can focus and help your employees pay attention to the most important things. More than this, you can increase your sales and implement sales strategies that are directly geared towards making your mission a reality.

    2. Set goals for yourself and make them SMART

    Once you know what your mission is you can set tangible goals. By making your employees know what these goals are, you can help them concentrate their efforts on these. However, the real trick is to apply a SMART strategy. In other words, make your goals: specific, measurable, attainable, relevant, and time-based. This means that you should know what the specific goal is, and you should have a way to measure if it was achieved or not. An example is setting a determined number of sales, this is both specific and measurable. It should be something attainable, meaning that it’s something within your production and sales capability.

    Making sure it’s a relevant goal is instrumental to make sure you’re focusing on the right things instead of investing time, money, and energy in issues that won’t improve your business. Lastly, it must be time-based, instead of setting it up without a time limit. In this example, it would be setting a specific number of sales for the first quarter, instead of simply setting several sales to be achieved eventually.

    3. Keep on top of your finances

    You need to know every single thing about the finances of your business, even if you have an accountant or financial manager. It’s important that you know your budget as well as your expenses, but also what your financial possibilities are. This lets you know if you can apply for personal loans for fair credit to help grow your business. By staying on top of your finances and improving your financial skills, you can see where you can cut expenses and where you can invest a bit more.

    4. Understand your audience

    A common mistake made by small businesses is spending a lot of money on marketing without making sure it’s high-impact marketing. It’s a lot more valuable knowing your audience and targeting them specifically over spending thousands in publicity that won’t reach the right people. There are multiple low-budget strategies at your disposal, such as social media marketing. By using low-budget strategies, you have the freedom to test them and compare which one works best for your business. After you’ve done this, you can decide which one of these is worthy of being part of your overall marketing strategy. Also, you can choose to expand this strategy and make a larger investment in it.

    5. Always remain current

    The market is ever-changing and no business area is exempt from this. This makes it all the more important that you stay current on the trends that affect your business. Adaptability is the name of the game here, and if you’re not adapting to your clients’ needs, your competitors are. So implement strategies to better understand the newest trends, and make it easy for you and your employees to adjust and stay current in a changing environment.

    6. Don’t be afraid to get help

    You need to know the strengths and weaknesses of your business as well as your own. If you don’t have the financial knowledge to successfully manage this part of your business, then hire someone, but always know where things stand. If you need help with your marketing strategy, then include a marketing specialist in your team or hire a firm to manage this area for you, but stay involved. You must understand your limitations so that you can get the experts you need to surpass these obstacles. As long as you stay informed, then you will continue to be in control of your business.

    7. Stay motivated

    It’s important to keep your employees motivated. Openly recognize when people do a good job and provide constant feedback. Staying motivated should include you as well, and the best way to do this is to sometimes take a break. It might sound counter-intuitive in a culture that highly values hard work, but a vacation can help you organize your ideas, get some perspective and freshen up your mind. When you come back you’ll have the energy to keep improving your business.

    ***

    About the Author: Lidia Staron is a part of the content and marketing team at OpenLoans.com. She contributes articles about the role of finance in the strategic-planning process.

    Photo Credit: stock photo

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