Overtrading refers to taking on too many trades with too little capital and without proper risk management. It is one of the most common mistakes new traders make and can lead to heavy losses. There are several ways to avoid overtrading CFDs, and each trader will need to find the approach that works best for them. Risk Management One thing you need to do is construct a solid risk management plan. It should include setting clear stop-loss and take-profit levels and deciding how much capital you are willing to risk…
Read MoreCategory: Business
Simple Strategies To Help Increase Business Efficiency
In order to keep your business on track, you need to work constantly to make your processes as efficient as possible. This means that you need to keep track of your business expenses by category – such as marketing, employee wages, technology, and all the supplies needed to run the business. There are several simple strategies to increase your business’s efficiency, but the key is to use the most effective business practices. Since every business is different, you might not know what to focus on, but an external consultant can…
Read MoreWhat Is Modern Management?
Modern management refers to a new way of running an organization. Instead of relying on private networks for data centers, it makes remote work painless, while bringing exciting benefits that reduce costs, increase security, and delight employees. Mobile Mentor has spearheaded the move to modern management with services that include assessment, implementation, and managed services. Learn more about the benefits of modern management and how it can improve your enterprise’s performance. And be sure to join our free webinar series on the topic! Modern management encompasses a variety of technologies…
Read MoreHow to Write a Profitable Plan For Business
A profitable plan for business is more than just a set of goals. It also should be based on realistic numbers, such as the size of your potential customer base and the products and services you’ll offer. While saving $10,000 in chemicals each year may seem like a great idea, it would mean little if you’re competing with Du Pont or Monsanto. To achieve this, a business must be realistic about the size of its market, and then adjust its plan to reflect that reality. The market analysis should include…
Read MoreHow to Write a Business Plan Strategy
Having a clear business plan strategy can be the key to building a successful business. Knowing your competitors’ strategies and what they have in place can help you come up with a better plan. Here are some of the key points to focus on when formulating your own plan: A detailed cost report and projected monthly income are key elements of a business plan. While most businesses sell a product or service at a fixed price, licensing and subscription markets can be more complex. While you should start small and…
Read MoreWhat Does a Sales and Marketing Coordinator Do?
The sales and marketing coordinator’s responsibilities are broad and varied. They manage the sales and marketing department by analyzing data, developing and reviewing marketing materials, and planning meetings and trade shows. This role also manages the company’s graphic department, orders, and receipts, and proactively anticipates new marketing opportunities. This role also manages the company’s relationship with clients. In addition, the coordinator is responsible for developing and implementing new sales plans and advertising. A successful sales and marketing coordinator must have excellent communication skills. He or she must be able to…
Read MoreTzvi Ozder Talks Business, Leadership, and the Rewards of Entrepreneurship
Tzvi Odzer talks about the challenges and rewards of leadership and entrepreneurship. There are many rewards when it comes to leadership and entrepreneurship. Starting an enterprise from the ground up brings a host of challenges but also has many perks. Entrepreneur Tzvi Odzer has started or helped start several companies and enjoys mentoring others with similar goals. This article discusses the rewards of becoming an entrepreneur for those who are strongly considering starting their own business. Businesses fail every day, facing financial risks, bankruptcy, and competitive challenges. However, other businesses…
Read MoreHow to Define Small Business
Whether you are starting a new business or running an existing one, you need to understand how to define small business. Small businesses are defined according to revenue and number of employees across all locations. These criteria are outlined by the U.S. Small Business Administration (SBA), and differ according to industry. For instance, a software company might be classified as a small business if it has less than ten employees. In addition, many industries use different NAICS codes, so make sure you know yours! As a small business, you have…
Read MoreJoe Fairless Says Real Estate Investors Need to Spend More Time Keeping Tenants Happy
Tenant retention is a money-saver, says Joe Fairless Co-Founder of Ashcroft Capital and co-host of Best Ever Real Estate Podcast. Investors should focus on what keeps tenants happy, even in the current housing market. Joe Fairless is an experienced real estate investor and property manager of over $1.5 billion through Ashcroft Capital. He uses his expertise to offer advice as a co-host for the Best Ever Real Estate Podcast (the world’s longest-running daily podcast on real estate investing). According to recent comments, Joe Fairless notes that heightened real estate prices…
Read MoreSmall Business Management – Are You Representing Your Society Or Your Investors?
Your business is your job. It is your business to clean the kitchen sink today. It is your business to clean the bathroom floor after a shower today. It is your business – it is your job! But you are not doing your job as you should. You are not doing your job because you think it is your job. The truth is that, as a Business Owner and Entrepreneur, you must think that you have more important things to do in your business than to clean the sinks. It…
Read More