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Top 5 Investments Business Owners Should Make

When you run a business, whether it’s a small start-up or a large corporation, you need to be confident in where you invest all company profits. Pumping a lot of the money back into the business is the place to start in order to help it grow and remain profitable. Yet there are many other areas in which you can invest as a business owner that will provide dividends to gain further profits for strengthening the firm. Here are five of the best investments for business owners to make.

Penny Stocks

Especially for start-ups, new and small businesses, penny stocks are a great place to start for any business owner making their first investments. These are companies that trade with exceptionally low share prices (usually £3 or less), which means a lot of shares can be invested in with a low amount of capital. They are a highly volatile investment but do make a great starting place for learning the basics of investing.

Forex

If you want to find a reputable way of making some extra money for your business by investing profits, then forex trading with Fx Pro is a good option. There are a number of safe currencies to invest in during times of uncertainty, or more risky choices if you’re feeling brave. For beginners or experts, it offers a good way to boost profits across international currency markets.

Equity

Buying an ownership stake or equity investment in another company can provide additional capital for your firm. Obviously, it is highly inadvisable to invest in any competitors. Finding a successful company or one that is on the rise to take an ownership stake can result in good percentage profits for your business, as long as it doesn’t perform poorly or go bankrupt.

Property

Real estate is a great way to enter an entirely new market and with house and rent prices still rising, it can be incredibly lucrative. It may be better to invest in commercial property, related more to your business though, such as buying your office rather than renting if you have the profits. This provides a useful asset and one that will hopefully grow in value.

Bonds and Mutual Funds

For long term, safe investments bonds and mutual funds are the go-to option. Government bonds are some of the safest investment options out there, while mutual funds can be found that have low risk attached to them. They provide a good place to learn about market trends without the risk of losing big in one go.

Consider these five investments if you’re a business owner looking to put your profits in a worthwhile place.

Inexpensive Ways To Lower Your Workplace Stress

You have been busy all week-long! Your mind is racing and your heart is pounding as the deadlines approach. These tasks are getting out of hand. It is no wonder that you feel down in the dumps.

Fortunately for you, there are affordable (and free) solutions to help ease the tension.

#1: ACTING VERSUS REACTING

When we come face-to-face with the circumstances which are out of our control, we typically experience stress. It activates mental and physical responses that can tear your productivity and well-being in the long run. This can be problematic at work.

Start focusing on the aspects that are within your control (e.g., your thoughts about your co-workers or your business attire). This will help ease your worries.

#2: STICKING TO THE SCHEDULE

Many Singaporeans propel through the day without taking significant breaks. You may think that you get more work done if you do not rest. However, doing so is counter-productive. Sleep deprivation can lower your concentration and productivity levels.

Consider scheduling a series of breaks throughout the day. For instance, you may allot 5 minutes to stretch in the breakroom or to do breathing exercises while sitting down. You need these breaks to allow yourself to remain energized while working.

#3: WALKING YOUR ADORABLE PET

Walking your dog at the nearby park is a concrete and no-cost hack to relieve your stress. Not only will you be able to exercise your dog, but you will also have his or her lovely company. This is healthier than sitting on a couch while emptying a pint of ice-cream.

If you do not own a pet, you may opt to brisk walk for 30 minutes instead. Ramp up your speed gradually.

#4: TREATING HOME AS A SAFE HAVEN

Let us be honest! The root of all your worries resides at work. If you regularly continue your tasks at home then, you may create a work-life conflict. Treat your home as a safe haven by building a boundary between these two realms.

As much as possible, avoid answering your emails from home or work-related phone calls before you sleep. You are not a convenience center who has to be available 24/7.

#5: PLAYING LIKE A CHILD

Children may not have the responsibilities and the pressures that the adult world brings, but they do have one thing. I am referring to the luxury of play. Blocks, jigsaw puzzles, and coloring books are just some of the things that are meant to be enjoyed by the kids. Why should they have all the fun?

Image Credits: pixabay.com

Cognitive stimulation and entertainment does not stop with age. Try it. You may keep adult coloring books on your desk to free your mind during the office lunchtime. Popular Bookstore sells these books for as low as S$8.43.

Sources: 1 & 2

4 Interesting Cities In Europe That Are Cheaper Than Zurich

Europe is a captivating continent due to its extreme diversity. Contrary to popular belief, there are many budget-friendly cities in Europe for a Singaporean traveler. Let us start with the most expensive place among 56 popular cities.

According to the 7th Europe Backpacker Index, Zurich will exhaust your travel fund the most. Its Daily Backpacker Index (DBI) is US$124.67 or about S$176.86. This reflects the average cost if you were to get a decent budget hostel, two public transportation rides, three meals, entertainment fund, and a famous attraction per day. Each European city manifests a distinct DBI.

This list will show you the beautiful places that possess the lowest DBI.

4. HUNGARY’S BUDAPEST

Currency: Hungary Forint

Budapest is a paradise for various kinds of Singaporean explorers. It is an excellent bargain find as the Daily Backpacker Index is US$26.75 or approximately S$38. Budapest is blessed with castles, cathedrals, and thermal spas. Not to mention, the city’s reputation as a food capital dates back from the late 19th century.

Worry not if you had too much of the Hungarian wine as you can cure your hangover in one of the city’s hot springs. Some people go to the hot springs to manage their ailments and the majority are there for relaxation.

Hostels provide great value for your money, but you can reap inexpensive prices if you get a place outside of the center. One of the best budget hostels is the Treestyle Hostel with an accommodation as low as US$5.33 or S$7.55 per night.

3. ROMANIA’S BUCHAREST

Currency: Romanian Leu

Bucharest may not be the “most attractive” town in Romania, but it is certainly dynamic and energetic. Trendy cafes and lush parks are abundant here. Moreover, the city fuses the unbridled capitalism with the unreconstructed communism. Its noticeable turn to communism is evident in the massive Palace of Parliament. I suggest you Google it now to see how many rooms the Palace has.

Image Credits: pixabay.com

Escape from the hustle and bustle of Singapore by visiting Bucharest’s Cişmigiu Garden. It is the oldest public garden, which spreads over 17 hectares. Many travelers consider visiting here as a pit-stop before heading to Transylvania. It does not matter if you extend a day or two as you will be rewarded with affordable prices all year round. The specific Daily Backpacker Index is US$25.70 or S$36.46. Not bad, right?

2. POLAND’S KRAKÓW

Currency: Polish Zlotych

Renowned for its well-preserved medieval core, Kraków is a must-see city near the border of Poland and Czech Republic. You will be amazed at the architecture of the “Wawel Royal Castle” as well as the rich history of the “Old Town”. The Old Town contains magnificent museums, soaring churches, and Europe’s largest market square. Furthermore, you will greeted by an array of options in restaurants, bars, and clubs.

Europeans who desire to have a quick getaway over the weekends typically consider heading to Kraków. Aside from its historic charm, it offers low prices on hostels and eateries. Its overall Daily Backpacker Index is merely US$24.82 or S$35.21.

1. BULGARIA’S SOFIA

Currency: Bulgaria Leva

The capital of the Balkan nation of Bulgaria is Sofia. It is home to Bulgaria’s premier museums, art galleries, restaurants, and clubs. Its ambiance is far from a grand metropolis as it is pleasantly laid-back. This youthful and unique city has Ottoman mosques and onion-domed churches. The only drawback is this place is typically missed by anyone who is not doing an extensive tour of the region.

Image Credits: pixabay.com

Sofia offers the most fantastic bargains among the European capitals. With a Daily Backpacker Index of US$24 per day (about S$34), you can purchase decent pizza slices or hotdog sandwiches for as low as US$0.60/S$0.85. Who knew that you can survive in a European place with a food budget of less than US$5/S$7 per day? I certainly did not!

Sources: 1 & 2

Guide on Opening a Small Business in Singapore

Singapore has many aces down its sleeve as a business location in Asia and investors are turning their attention to this tropical global financial center. Getting started in Singapore does not mean that your new business needs to be a large corporation with many employees. You can open a small business in Singapore and enjoy all that the city has to offer in terms of business location, trading environment, and a diverse economy.

We are looking at the most important aspects to consider when starting a small company in Singapore and the taxation and incorporation must-do’s for first-time investors.

Starting a business in Singapore is easy

Singapore has a strategic location in Asia and many international companies operate their business from here. The World Bank ranked the city as one of the easiest places to do business in the world, an attribute that comes naturally to Singapore since the company incorporation requirements are very straightforward and investors are not burdened by overwhelming formalities.

The process of setting up a company in Singapore includes the following steps:

picking the right type of company and choosing the right name;
filing the company’s documents with the Accounting and Corporate Regulatory Authority of Singapore;
choosing your business location and hiring employees.

Small businesses in Singapore can take the form of a sole proprietorship, partnership or private limited liability company. Taxation requirements apply to all types of companies. Small businesses will need to pay the corporate income tax but a partial exemption applies for the first SGD 300,000 of chargeable income.

Asia is a market with many business opportunities for foreign investors. Top locations include Singapore but also Hong Kong. If you would like to know how to start a company in Hong Kong and how this is different from the process in Singapore, you can talk to a company formation expert. In case you would like to expand your business in Thailand and need to obtain a Thai long stay visa it is advisable to contact a team of local lawyers.

Small business ideas in Singapore

Singapore does not disappoint in terms of business and investment opportunities. The city has a diverse economy and skilled entrepreneurs will find it very easy to start their own business and quickly form their own client lists.

Some ideas for small businesses include event planning, food services (a fast food or even home-based bakeries), independent accountant or translator or business consultant for those who have already acquired experience and are ready to coach on others. Small companies in Singapore can provide a myriad of necessary services for day-to-day life. You could consider opening a company offering plumbing services in Singapore or opening a company that offers cleaning services, a laundry business or dry cleaners.

Starting a new business is a big step. Having the right business environment to set up a new company, in a city like Singapore, is just as important as the entrepreneurial drive itself. Young entrepreneurs and those who are just starting their small business can find out more about starting a business in Singapore by talking to a company incorporation expert.

Do Not Tell These Money Statements To Your Kids

There are some financial issues and information that you shall just keep to yourself.

1. “Your Dad makes more money.”

In a dual-career household, you shall refrain from pointing out which parent earns more than the other. Putting a distinct label on the breadwinner signifies that one’s contribution is more important than the other. It is better to highlight that the two of you work as a team in order to cultivate a brighter future.

2. “Your uncle owes us S$5,000.”

You may be infuriated that your brother has not paid his debt. Sure! S$5,000 is a decent amount of money, but you shall not get your children involved in this issue. Children usually mirror the reactions and emotions of their parents. Telling your daughter that her uncle owes you money may ignite hatred or uncomfortable feelings toward him.

It is an admirable thing to warn your children about the risks of lending money. However, you must use an example that is too close to home.

3. “I spent a lot of money for your gift.”

Most children do not mind the cost of your gift. They simply want to relish the excitement that the act of receiving brings. To an innocent child, there is no difference between a bespoke and a store-bought cake. It is still a sweet dessert!

Putting a price on a gift (i.e., high/low or cheap/expensive) can just change their perceptions. Teach your children that the value of the gift is not always reflected on its price tag.

4. “I am broke.”

Have you ever noticed that some of our adult conversations are exaggerated? Children are less likely to absorb our subtleties in communication. Imagine you uttered these words: “I am broke.” Your young offspring may misunderstand what you just said due to your choice of words. Avoid declarations of financial disaster.

Instead, it is important to give your children reassuring messages. You may say that you have to wait a week until the pay day comes.

5.”Do not tell your Daddy/Mommy that I bought this.”

Your devotion to your spouse does not stop after having kids. Make it a point to discuss about your spending habits and future goals. If you are about to purchase something that you want to conceal for now (e.g., a surprise birthday present), do it at your own time. Do not use the vulnerability of a child as an escape.

If you encourage a child to lie to the other parent, it increases the likelihood of dishonesty. It sends a message that spending money is merely a shameful act. All these wrong signals can be prevented by you.

6. “I dislike going to work.”

No matter how tired you are of answering demanding calls or how much you hate your boss, you shall not verbalize these thoughts when your child is around. Complaining about these negative aspects of the job can make your child feel anxious about the future.

Opt for sharing the aspects that you enjoy the most about your job. What makes your work fulfilling and interesting? Dwell on that. Save the serious talk until she or he reaches maturity.

7. “We cannot afford to buy that.”

After spending a few hundreds on the grocery store, it can be confusing to tell your child that you cannot afford to purchase a toy. He or she may think that you spent all your money on groceries or that you have no more money for the important things. Turn this situation around by teaching your children about the importance of prioritizing and delayed gratification.

You may say something along these lines: “Please put that toy back. We do not need it right now. If you really want to buy it, you have to save up for it. I can help you!”

Image Credits: pixabay.com

As with most aspects of parenting, it is best to lead as a positive example to your children. Choose your words wisely.

Sources: 1 & 2

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