If it is really only two way country transfer (or one receiving country and several country stacks sending money there) it would be best to build your own custom solution. Basically a simple SW to allow for receive electronic transfer money in some region (one for EU, one for US, one for Austral...
There's a lot of money to be made in the luxury space, but you need to bring something unique to the marketplace. That means studying BEYOND that just what you learn in school.
Work. That would have been my 1-word answer, but the site tells me it's too short. Yes, you could invest your money in the hopes of getting a higher return; and it might work. But any investment entails the risk of loss. And that risk is highest early on when a person is less experienced and...
One thing I like about your question is the fact that you're ASKING it. Trying to quantify profit. Most people never even get that far. They treat profit--especially if it is that of their own business--as some ethereal thing they will "get later" if possible. "To manage we must measure" is a ...
There are tons of ways and you have to start without worrying how it would end. Also i am giving a very general answer since I do not know anything from your background. Few things you can choose from: 1. Real Estate: Learn how accounting works for real estate and how you can buy properties wit...
There is inherent risk to running a business and building a team of folks to help you grow it. That said, hiring the right people is paramount to your success and reducing the risk of theft or abuse. Hire people for their integrity rather than their skill set. Almost anyone can be taught skills...
It depends on your business but in my experience, the best was to do a half and half model where some of it was virtual and some of it was onsite. After hours is something that costs effective outsourcing to a virtual company can be effective.
Without knowing where in the world you are it's hard to name any specific institutions but here are some things I've learned over the years: 1. Don't do business banking virtually. By having a relationship with my local bank officer I was allowed to go over my line of credit limit by $5,000 for 1...
You need a source of capital to carry you through the receivables period. Basically you've got three options: -Borrow money to finance the receivables -Find investors to contribute equity to finance receivables -Sell the receivables (factoring) or some combination of these. In my experience you...