5 Benefits Listing Your Business in Internet Directories

You can enjoy a lot of benefits if you have your business listed in an internet directory, such as Top5Biz.com. In fact, the more directories you use the greater number of benefits you can enjoy. Given below are some of the prominent benefits of using these directories. Read on to find out more.

Exposure

We know that proper exposure is required for all types of businesses. The more exposure your business gets, the higher number of visitors will know about your products or services. On the other hand, if your prospective customers can’t find your site, they won’t be able to buy your products or services.

By listing your business website in these directories, you can get the exposure you need. As a matter of fact, a large number of people search these directories in order to find what they are looking for. Their goal is to look for a specific product or service.

Better Ranking

We know that better ranking is important for any website. If your website is indexed in many web directories, it will send a signal to search engine crawlers that your website is authentic. And this will help you get your website ranked on major search engines. As a result, you will be able to enjoy better rankings in major search engines.

These directors get your website ranked better and get the word out about your business. And this is a huge benefit.

Inexpensive Advertising

If you run a business, you know the importance of advertisement. The primary purpose of advertisement is to help clients find your business and know more about it. You may not have a big budget for your advertisement campaigns. This is where you can spend a little money and achieve the purpose by getting your website indexed in internet directories.

Unlike the conventional advertising, business directories are much affordable. Therefore, they can help you save tons of money on advertisement.

Professional Opinion

If you want your business to look professional in the eyes of your visitors, we suggest that you try internet directories. This will help you improve your business status. In other words, this technique will help you make buyers have a professional opinion about your business.

Once your site is listed in these directories, it will look as professional as the top business enterprises out there. Aside from this, your website will be considered an authority in the niche. As a result, you will be able to get more and more customers and clients.

Search Engine Optimization

Internet directories offer another great benefit, which is called search engine optimization. Basically, these directories allow you to get a lot of inbound links. When a visitor finds your site in the directory, they will click he link and get directed to your website. So, this is an effective way of getting a lot of traffic.

Core Small Business Skills – Financial Management

With research into Australian small business failures revealing that 90% of small business failures occurring as a result of a lack of key management skills, it pays small business owners and entrepreneurs to develop a core set of key management skills on which they can draw. Developing strong financial management skills is one of the core skills essential for the management and growth of any small business and entrepreneurs should learn to master these skills to ensure their ongoing viability and success.

Financial Responsibility

Many entrepreneurs abdicate responsibility for the financial management of their business to their accountants.This is a rookie mistake. As the business owner you must take responsibility and accountability for the management of your finances. For the planning, for the ongoing management and monitoring of the financial aspects of your business performance.

You are also responsible for learning to read and thoroughly understand the key financial reports. Work with your accountant to learn how to read each of the reports and to look for indicators as to your business’s financial health.

Financial Planning

Financial planning and in particular forecasting is vital especially when it comes to managing capital and liquidity, because any shortfall for either will lead to the early demise of your business. You need to be continually looking ahead to determine your upcoming financial situation and to asses what needs to be done to meet those financial commitments.

Accounting System Management

The first core requirement is the ability to maintain an accounting system that is compliant with current taxation requirements, such as MYOB or Quickbooks. These systems provide a raft of automated processes including the delivery of key financial documents such as Balance Sheets, Income and Expense Statements and Cash Flow forecasts.

You need to be able to understand each business transaction and translate and record the details of each transaction into the accounting system. This information can then be used to generate your financial reports, and can also be used as the basis for your taxation returns.

Estimating and Pricing

Incorrectly estimating jobs or pricing your goods and services can be disastrous for your business. If you consistently charge less than it costs you to do the job, you will quickly run out of cash. While if you prices are too high you may just price yourself out of the market. Building your skills in estimating and pricing is paramount to the success of your operation and you should make yourself familiar with the various pricing models and learn to apply the model most appropriate to your situation.

Taxation Management

Taxation rules and regulations are a huge, constantly changing body of work, and it is best left to the experts in the field. However, that does not mean you don’t have to build your own basic to intermediate body of knowledge. You need this to work effectively with your financial and taxation advisors. You need to know how to ask pertinent questions about the cause and effect of particular decisions and how they are declared for tax purposes, so that you can make informed tax management decisions.

You don’t have to be a fully qualified bookkeeper or accountant, but it certainly pays to know and understand the accounts and financial elements of your enterprise. Work with your accountant and tax specialists to determine the most appropriate solutions in your particular situation but don’t abdicate responsibility. Make sure you have them mentor your financial management skills along the way.

Karen L. Paiyo is an Australian Small Business Counsellor, supporting and nurturing the spirit of entrepreneurship in the Asia Pacific Region. Karen empowers small business owners by transferring to them the skills and expertise needed to help them take their business ideas from creative concept to profitable reality, faster and with less risk.

Importance of Financial Management Degrees

At present, nearly all government or private organizations have at least one financial manager to guide investment activities, manage the groundwork of financial reports and develop and carry out cash-management schemes. These days, every organization, whether big or small has financial managers, and they hold a key and responsible position.

Although, responsibilities of a financial manager vary according to the position, but some of the common work includes preparing reports that are generally required by regulatory authorities. They also play important role in managing the preparation of financial reports, such as balance sheets, income statements and analyses of future earnings or expenditures. All these describe and determine the organization’s financial position. In many firms, financial managers are the key personnel who administer the accounting and budget departments.

Financial managers also called as financial consultants or personal financial advisors use their knowledge of investments, tax laws, insurance and real estate to recommend financial options to individuals based on their short-term and long-term goals. Considering the work responsibilities and expectations of employers every firm looks for a skillful employee who can direct their business to the right path. Hence, to compete with ever changing requirements of employers getting a degree in financial management is must.

Typically, a career in the financial management needs at least a master’s degree. Courses available in the financial management in the United States include fundamentals of business law, accounting, management principles, e-commerce, ethics, finances, tax laws and other related topics. These programs help students learn the skills of focusing on different aspects of business like systems integration, business strategies, e-commerce, technology consulting, and human resources. With Master’s degree you can have a greater opportunity for promotion and advancement in your career field.

Since, financial managers can be found in every organization, their demand goes higher than any available positions in the market. Moreover, employment growth for financial managers is anticipated to be as fast as the average for all occupations. Apart from this greater demand for highly skilled financial professionals, make the career outlook even more excellent.

In fact, if we study the recent data then by the year 2016 the demand is expected to grow by 13%. Regulatory reforms along with the expansion and globalization of the economy will raise the need for financial expertise and drive job growth. Both the creation of new businesses and growth of established companies will spur demand for financial managers, controller, treasurer/finance officer, credit manager, cash manager, and risk/insurance manager.

Hence, to get into the rush of grabbing a honourable and responsible accounting position the first and foremost thing is to equip yourself with all the skills, which are in high demand in the financial market. For this you need to enroll in a recognized school where you can learn all the techniques of managing finance.