02.06
2019

Ways You Can Protect Your Investments When the Stock Market Plunges

If the stock market was to crash tomorrow, businesses need to be confident and ready to come face-to-face with any type of financial crisis. CNN Money suggests that having an Inverse Exchange Traded Funds (ETF) guards your finances by going in a different direction than the market itself goes. Often times these ETFs move faster than the market itself. Investopedia.com says that investing in ETFs is similar to holding various short positions or using a combination of advanced investment strategies to profit from falling prices.

To stay at the top of the game, businesses need to have a financial portfolio that contains bonds, stocks, Real Estate Investment Trusts (REIT), and Treasury Inflation Protected Securities (TIPS). According to Forbes, first you need to have some bond exposure in your portfolio. Bonds offer a useful hedge to equity exposure. Bonds are a debt security that’s similar to an I.O.U, so when you purchase a bond you are basically lending money to the government, municipality, corporation, and federal agency known as an issuer. Stocks are shares in the ownership of a company. They represent a claim on the company’s assets and earnings. Investor.gov says that investing into a REITs provides a way for individual investors to earn a share of the income produced through commercial real estate ownership — without actually having to go out and buy commercial real estate. According to Forbes, REITs may be beneficial because real estate is what economists call a “real” asset that can rise in price, even if the dollar falls in value. Bonds are nominal assets, very dependent on the value of the dollar, and so would likely fall in that scenario. To further protect investments, businesses should invest in TIPS, which provides protection against inflation.

It’s not only good to protect finances during a recession, but it’s also good practice for businesses to start managing and running daily workflow effectively. If a recession does come, businesses don’t want to worry about losing extra money due to mismanagement.

One of the ways for businesses to properly manage the nuisances of running the day-to-day business is to use our solutions.  Our money-saving products can help to manage a mobile workforce more efficiently. Each feature provides businesses with the confidence they need to face any recession, such as timekeeping, GPS tracking, and dispatching. They were designed to make the process of running a productive workflow easy.

The timekeeping feature provides management with the ability to oversee the individual timesheets of big and small crews, all from a single mobile device, including adjusting incorrect or missed time records and integrating timesheet data directly to payroll. In GPS tracking, management can set permissions to view tracking information on an individual or group basis, and it supports mobile devices across different time zones. Daily orders can be scheduled and generated automatically with the dispatching feature.

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01.15
2019

The Importance of Creating a Budget

Whether it’s in business or personal finance, the importance of budgeting can’t be understated. Out of control spending can derail finances for anyone, and companies that successfully keep their bottom lines in check are able to hire more employees, gain larger market share, and most importantly, avoid bankruptcy. Here’s a few tips on how to implement an effective corporate spending plan.

Sticking to a flexible plan

When formulating a budget, it’s important to avoid rigidity. While any spending plan has to involve some level of structure, a strict, no-exceptions-allowed plan can actually end up doing more harm than good, because it can be impossible to stick to. Always try to maximize the gap between your business’s cost of operations and the cash flow being brought in, but as more revenue is generated, feel free to scale up and spend more when necessary. With that being said, be sure to confirm that there’s more than enough profits to back up the expansion of your budget’s parameters before doing so.

Preparing for the unexpected

Any business will have unforeseen expenses come up at one point or another. However, the key differentiator between a financially smart business and one that’s lacking is in the preparations. Things that break in the office and deadline shifts requiring overtime are just a couple of examples of unexpected costs that may arise, and leaving room in your company’s budget for things like these eliminates the anxiety associated with scraping together sufficient funds to deal with them.

Keeping costs low

Don’t cut corners on expenses to the point where your business would suffer, but still look for ways to reduce spending wherever possible. By acquiring an Actsoft business solution, you can gain return on investment by creating new strategies to slash operational costs. For example, our Timekeeping feature allows your business to reduce unnecessary overtime, and accurately manage employee timecards. Wireless Forms is another application of ours that can allow you to save more through smartphone-to-desktop integration. Digitize budget proposals and any other company documents to eliminate paper expenses, unnecessary waste, and processing delays using this tool.

By putting in place a flexible but effective budget, your business can continue to thrive by remaining in control of its bottom line. To create new ways for your organization to retain more of its profits, use the power of our business solutions, and lower your team’s cost of operations.

Have any questions on how Actsoft can help you?

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