Did you know that, on average, a professional sports team wins around ¾ of their home games?
Ask any sports team if the home-court advantage is real and they will happily confirm it for you, as well as tell you that same advantage can be put to work for your business.
Face the Denver Nuggets on the road, for instance, and they are nothing special. Face off against them at their Mile High stadium and suddenly they’ve got a 5280-foot home-court advantage that you have to overcome.
If a team like the Nuggets can face down the best in the NBA, just on the back of their home-court advantage, there is no reason your business can’t do the same thing.
The evidence for the home-court advantage isn’t just anecdotal either, there is some real science behind it. A recent survey by the prestigious School of Management at Yale University surveyed over thirteen thousand recently incepted businesses and found that business people that started their businesses in areas where they have extensive connections made greater earnings and had a reduced failure rate compared to those who started their business in previously unknown locations.”
On average, the study found that a business operated by someone located in the same area for five years made almost $6,400 more in yearly revenues and was 6% less likely to fold.
In this article, we’ll be looking at how you use your local home-court advantage to help you business flourish. Read more
A trucking business is a big investment and it has the ability to drain your pockets even further when you consider maintenance of the vehicles and fuel fees. Nevertheless, if done properly then you can turn quite a healthy profit. Here are some of the top ways you can make your trucking business more profitable. Read more
Almost 3 years ago now, we became a blended family of 7. This was a huge lifestyle change for all of us, but one we are glad we decided to make. However, with this blended household, came some blended debt. We had to sit down and take a really hard look at our finances and figure out how we could knock out this debt, as quickly and efficiently, as possible.
If you are looking to really take the next huge step in your career and start your very own business, you might be wondering what options there are to get that first lump sum of cash to get things off the ground.
Sure, you could stroll over to your nearest bank and ask for a traditional bank loan, but in 2019, there are so many more options are fingertips. The reason why you may want to consider other options are pretty obvious.
First off, because banks are massive corporations, they have pretty strict guidelines when it comes to who is able to take out a small business loan. If you have any marks on your personal credit, for example, you could be a sitting duck.
On top of that, traditional loans are hard to apply for and can take a long time to gain approval. If you are looking to strike the market fast, their archaic way of business might not suit your needs.
Finally, because banks have a lot of costs to keep their doors open, interest rates can be quite high. Making it harder to actually start making a profit with your brand-new business.
So, what are the alternative options at your disposal when it comes to funding your business?
Continue reading to find out. Read more
The United Kingdom is composed of 70% agricultural land. As such, selling farmland remains one of the easiest ways to gain profit from your property. Traditionally, farms are sold and purchased through auctions. But the age of digital marketing, as well as legislative changes, are reshaping the way farms in the UK are bought and sold.
Auctioning off farmland remains a popular method especially for selling off small blocks or farms and in some cases when it involves a probate property sale. But real estate agents now have the capability of reaching a more extensive clientele because of online advertising and digital marketing. This translates to the increase of conducting farm sales & purchases through a private treaty. Read more
If you’re planning on going into business for yourself, you probably already know it will cost a lot. What you may not realize is just how much.
According to the AARP, the average cost of starting up a business is around $30,000. That’s a lot of investment for something that has a high potential for failure. Statistics show that 80% of new businesses fail before they reach their tenth year.
If you are committed to starting your own business, be smart about it. Put your money where it will serve you best by investing in these five critical areas. Read more
The American dream has certainly changed. In our parents’ time, the dream was to get a stable job you could retire from, own a home, and start a family. Today, it’s very rare for employees to stay with the same company for 30 years. People are much slower to get married and have children than in the past. Home ownership is now outpaced by renting. It’s safe to say – things are different.
When it comes to work, even the very definition has changed. It used to be defined by an office setting, with a 9 to 5 work schedule, a suit and tie, and saving towards retirement. Now, younger members of the labor force are abandoning security to pursue freedom. They want to work their own hours, be their own boss, and live the life they desire right now, not when they’re 60.
If you’re one of these people, you’ve got a rough road ahead. It’s tough to be your own boss, and cut yourself off from the security of a salary job. But if you succeed, you can join the small percentage of people who are pursuing the lives they always dreamed of, without having to ask for vacation time to do it.
To help you get started, here are five effective ways you can turn your skillset into a sustainable career. Read more
Everybody has an activity that they enjoy doing during their free time. What if somebody told you that you could make your hobby pay?
The internet’s popularity is at its record high. With a little creativity, you could use the web as a platform to monetize your hobbies. This extra income could come in handy in helping you achieve your financial goals. Read more
Frugality may be the order of the day, but that doesn’t mean you can’t get similar results in business to those who spend thousands on major campaigns. While money makes money, doing things on a budget can also result in a huge return on investment (ROI) and achieve business and marketing objectives that you have set out. These range from using PR stunts to get people talking, sales promotions to entice customers to your brand, and direct marketing. Read more
When it comes to saving money, there are so many different ways to do it that it can make your head spin. Since it is a New Year, we wanted to take a look at how we were saving and see if we could reconfigure things to save us more. Enter our financial trainer with the brilliant idea to switch our savings to high yield savings accounts instead. So, how does this ultimately work out better for us and should you consider switching to a high yield savings account also? Read more