The profitability of a business is often measured by the sales it makes. In other words, only with good deals you can measure the scope of your business. But, to achieve such an expansion, you will have to put in place specific strategies, but what are these strategies, and how can you use them to…
Rich people and wealthy people may seem the same to us, but they aren’t. For some reason, the terms “rich” and “wealthy” are often mistakenly used interchangeably or as synonyms. However, the two terms are quite distinct, and this article will hopefully explain the differences: What Does It Mean to Be Rich? Being rich can…
If you just turned eighteen or are just taking out your first credit card, firstly, I would like to welcome you to the world of adulthood, and secondly, I’d like to advise you to be careful with it. Credit cards are very helpful financial tools that can get you out of a dicey situation, but…
We’ve all heard about refinancing, but only a few are aware of its benefits. If you’ve never come across this word before, let me briefly throw some light on it (without sounding like a dictionary or Wikipedia). Mortgage refinancing is simply a strategy of paying off a mortgage with a new loan (pretty much repeating…
Who wouldn’t like to be a millionaire? I guess every one of us; to be able to afford a new car, live debt-free and travel the world. But did you know that there is a big difference between a millionaire and someone who dreams of being one? I’m not talking about the money, but the…
If you are a kid from a working or even middle-class background, you know the hassle of taking extracurricular activities and being in a club because they will look good on your college resume and hopefully land you a scholarship. I speak from personal experience when I say I could only afford college because of…
We’ve all heard of the word mortgage at least once in our life, either when we went to the bank or hearing our parents complaining about the monthly interest, they have to pay for their mortgage. But, if you are a Gen Z like me, you most probably don’t even know what a mortgage is…
A limited company is an organization that has a separate legal entity from that of its owners. Limited companies are also known as Limited Liability companies because the liability of their shareholders is limited to the shares that they hold in the company. Limited liability means the maximum amount that a shareholder may lose, in…
Generally speaking, the cost of poor quality is the combined actual and implied loss of revenue that a company endures when products and services do not conform to customer requirements or satisfy their perceived needs. These costs include product/service abandonment, customer dissatisfaction, loss of reputation, sales returns and allowances, complaint handling, and the list goes…
Investing is a method of putting money aside so that you can have it work for you while you are busy with other things. If done correctly, you will reap the full benefits of your investments in the future, which should prove beneficial for you in the long term. The number one reason why people…