Four Must Have Software Systems for Small Business Operations

Four Must Have Software Systems for Small Business Operations Since small business owners are expected to manage all their responsibilities on their own, they rely heavily on technology to reduce their workload. They make use of multiple software applications and web services to manage even the simplest of tasks such as bookkeeping and documents storage. Due to this very reason, many engineers have created various software tools that will be of use for these entrepreneurs, some more important than others since they are required to complete everyday tasks. Listed below are some of the most used and in demand software systems for small business operations of 2015.

Accounting software

These tools are predominantly used for bookkeeping and financial management. One of the widely used accounting software is QuickBooks.  It enables the individual to transfer all financial records from paper to the computer. This not only ensures the safety of the information but also results in easy access as well. This way, tasks such as billing a client and inputting data is only a click away. The standard price of this tool is $200, which is reasonable considering the benefits it offers.

Backup software

All financial owners must back up files on a regular basis. Usually this backup is saved on a hard drive or a network attached storage system. In case of accident or a computer breakdown – which are completely possible scenarios – all data will be preserved and available for use. Mozy is a great backup tool that has gained a lot of traction among small business owners. It is very consumer-friendly since it automatically saves any information you require. The transference of files is also a fairly quick process. The service is extremely cheap as well, costing only $5 per month for any amount of usage.

Blogging tool

Blogging has become an internet phenomenon and a business trend over the past few years. It is the one of the easiest ways to provide up-to-date information about the company and its products to the consumers without spending too much on marketing and advertising. WordPress is used by many people across various countries due to its ease of use. It takes a very little time to install and it is quite easy to operate since the platform is highly organized. Furthermore, this service is completely free and requires very little labor.

CRM

Customer relationship management is imperative to all businesses to manage their customer satisfaction levels. These tools are used for various purposes including managing sales, tracking leads and ensuring timely follow-ups. Salesforce.com is one of the commonly used CRM software that enables small business owners to maintain a steady relationship with their customers. This software is extensive and thereby can be quite exhausting. It requires training for safe handling. The price range of this service varies according to the type of software used.

Other Software

Aside from these, software that ensures proper organization and monitoring of tasks can also be very useful. Project management software can be helpful in ensuring the successful completion of small to big tasks. This can also facilitate better communication within your team as it allows assigning of roles for every project listed in the software. Small businesses can have less burden, especially in meeting deadlines because time management is also an inclusive feature.

What are the Various Types of Mortgage Available in 2015?

home-366927_1280

On the surface, it may seem that all mortgages are made the same. They are all, after all, long term loans against a property, right? Well a little deeper digging and you soon find that there is a whole range of different types and kinds. And, further, that the type of mortgage that you need will depend on your circumstances and the type of property you are purchasing.

The main variation with the different types of available mortgages revolves around how they are repaid and the way the interest is applied. The two main types are repayment mortgages and interest only mortgages; whereas the two main ways in which interest is charged are variable rates and fixed rates. These are summarized below: –

Repayment Mortgages

Repayment mortgages are the most common types of mortgage as they are considered to be the least risky. This is because with each monthly payment you pay off a chunk of the debt as well as the interest on it. This continues until, at the end of the term the mortgage is paid off.

Interest Only Mortgages

With interest only mortgages, on the other hand, your monthly repayments only cover the interest; they do not chip away at the debt. The advantage of this is that the monthly repayments will be substantially lower than a repayment mortgage. The difficulty, however, is that you will be expected to pay off the entire capital at the end of the term and the bank will not help you with this.

Variable Rates

A variable rate of interest means that you are changing the going rate of interest on your loan. Although this effectively means that your interest would change every time interest rates changed, what actually happens in practice is that the overall rate is calculated and altered once a year. Although you may start with a different kind of mortgage; it is likely that it will revert to this kind of mortgage eventually.

Fixed Rate

Fixed rate mortgages are mortgages with an interest rate that is fixed for a set period of time. This generally tends to be between two and five years. The benefit of this is that, given you know the amount of your monthly instalments; it will make it easier to budget. Further, if interest rates increase you will save money as your interest rate is fixed at the lower rate.

It is also important to note, however, that conversely if the interest rates fall you will actually lose money and you could also have a penalty applied if you quit. When considering this type of mortgage it is important to check how long you will be tied into this agreement before you can switch.

Given the huge commitment that a mortgage is and all of the different options that are available to you it is important that you obtain advice that is tailored to your individual circumstances and needs. You can obtain this advice from a mortgage broker or search for a lender, such as Saffron Building Society, who will provide this advice as part of their service.

Creative Commuting Solutions: How Far Would You Go to Avoid London Living Costs?

 

2015-09-18_0127

While the UK property market may be a little unpredictable at times, there is one thing for sure. This is that London property prices and the associated cost of living will continue to rise proportionately to earnings in the UK, with the average value of homes in the capital set to reach £550,000 by the year 2020. This is encouraging many to either sell their property and move out of the capital or seek out innovative commuting solutions to reduce their cost of living, although some go further than others in the quest to save money!

While many people may save money by residing in Coventry and the West Midlands and commuting to London for the purposes of work, for example, one man went even further in a bid to raise awareness of the issues facing UK citizens. More specifically, he chose to move to the sunny surroundings of Barcelona while heading into his London base during the week. The results of Sam Cookney’s endeavours were mixed, as while he partially proved his point it should be noted that he only had to commute from Spain to his Farringdon office once a week on average.

In terms of the details, Sam’s typical day starts when he rises at 4.30am for an early morning flight from Barcelona to London. The traffic is minimal, and the close proximity of Sam’s office to Gatwick Airport means that he is often at his desk at 9.30am. He is also afforded the opportunity to sleep during the commute, while the cost equates to a total spend of between 80 and 100 Euros.  This is relatively cheap, and affordable when you consider the inflated nature of London wages.

Before you consider such a move, however, you need to consider whether or not it is right for your specific circumstances. After all, Sam’s commute was only viable for him as he completed it once a week on average, particularly as he initially lived within the confines of the capital. The commute cost from Europe may be palatable if you already travel from outside of London by train, so this is something to consider.

It cannot be disputed that moving outside of London helps to reduce your cost of living, however, which in turn enables you to save money and optimise your annual earnings. This can lead to a better lifestyle, so a long-distance commute to London is certainly worth consideration for young professionals.