Gaining Financial Freedom

4 Questions To Ask Your Investment Manager

8 March 2022

Investment management is a financial strategy that aims to grow your finances and plan for unforeseeable events. This extract details some questions you should ask your investment manager before engaging their services. Hopefully, it will help you evaluate the professional's expertise and experience.  1. What Is Your Portfolio?  The manager's portfolio refers to the total assets that they manage. A large portfolio indicates that many people trust the investment manager with their finances.

What Is the Most Important Financial Device for Small Business Owners?

8 October 2020

As a small business owner, you quickly become familiar with two very important financial documents — your profit and loss account and your balance sheet. These files help to define your business from a success and buoyancy point of view, but they do not tell the whole story at all from an economic perspective. Your balance sheet, in particular, could be deceptive, but why is this and what document is even more important?

Why New Shopowners Need Proper Public Liability Coverage

27 December 2019

If you intend to set up a neighbourhood market in your area as you feel that the community is underserved, then you will have to make sure that you are adequately prepared. Of course, you'll have to design your shop properly so that people can find everything efficiently, sort out your delivery system and employ competent staff to help run the place. However, you will need to look very closely at your liability too, as this kind of facility can often have different hazards.

Why Accurate Depreciation Figures Could Make All the Difference When It Comes to Commercial Property

27 December 2019

If you intend to buy a commercial property and rent it out to various tenants, the paper difference between profit and loss can often be determined by depreciation. If you are not aware of the principle of negative gearing and how depreciation may affect your operation, then you should certainly find out as much about it as you can. After all, you will want to make sure that your plans look sensible before you go ahead, so what are the basic rules in this area?