Contributed Posts – Page 5 – The Big Words Blog Site

4 Healthy Ways To Boost Your Child’s Development This Fall

“Whether it’s planning outings or engaging in home-based activities, it’s the simple things that create strong bonds and boost a child’s development.”

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Two focuses of my blog are Creating Ecosystems of Success and Health/Wellness. If you have children, one key consideration is their proper development. There are some things to consider in the fall months. The following contributed post is entitled, 4 Healthy Ways To Boost Your Child’s Development This Fall.

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The cool weather is no reason to slow down, as Fall remains a busy season for most families. With only a few months left to Winter, most families will want to get their holiday plans and preparations underway. It’s also a wonderful time to stop, connect with your kids, and have fun together as a family. Whether it’s planning outings or engaging in home-based activities, it’s the simple things that create strong bonds and boost a child’s development. The season is filled with opportunities for kids to learn and grow in a fun way. Here are some ways to boost your child’s development this Fall.

1. Head outdoors every day

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During this season, the summer heat gives way to cooler and crisp weather, the leaves change colors, and there’s much to see, feel, and smell outside. So take your kids out as often as you can – every day, if possible. Engaging in various outdoor activities this Fall can improve your child’s motor skills. Choose activities like running, raking, collecting leaves, climbing, hopping, catching, and hide-and-seek. These activities involve gross motor skills, which are important for coordination, good posture, balance, and overall physical development.

2. Plan more family activities

Backyard BBQs, get-togethers, family dinners, parties, and family time are also excellent ways to boost your child’s development this Fall. These social activities can help improve your child’s social skills, understand, relate with others, and develop relationships. You can help improve by teaching them appropriate words and actions during social gatherings. Also, consider taking them to kid-friendly social events or encouraging them to play with other kids outside the home. Remember to address issues that could discourage your child from engaging in social activities. For example, consider the possibility of hearing aids if your little one has been diagnosed with hearing loss. You can also learn effective tips to address social awkwardness in your child.

3. Give them simple ‘day jobs’

Understandably, you’re busy with plans and preparations for the upcoming holiday season, but your kids can help in simple ways. So, consider giving them simple day jobs so they don’t feel left out or abandoned. For example, you can ask your little one to wipe the dinner table, fold laundry, sweep the floor, or put littered toys away as their job. Such simple responsibilities will make your child feel important and teach them much about being responsible. Some kids can even start preparing snacks or helping with minor kitchen duties. It helps if you give them a little tip, allowance, or reward for completing their tasks, which will encourage them even further.

4. Create Fall art projects

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Sometimes, temperatures may drop too low to head outside. But you can encourage creativity indoors by encouraging your kids to create Fall-themed arts and crafts. They can draw various Fall sceneries or objects, make collages, create Fall leaves chalk art, pumpkin picture frames, and other fun but educational activities. Art and craft allow your child to tap into their imagination and creativity. It also helps to improve their motor skills. Plus, it’s a fun way to spend time together with your little ones.

Staying Healthy: A Guide For Those Of Retirement Age

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“Many people work their entire lives for their retirement years. A major consideration though is not just having enough money, but also being able to enjoy the time in terms of health.”

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A key focus of my blog is Health/Wellness. Many people work their entire lives for their retirement years. A major consideration though is not just having enough money, but also being able to enjoy the time in terms of health. The following contributed post is entitled, Staying Healthy: A Guide For Those Of Retirement Age.

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Our health is always important, but we need different things as we move through different seasons of our lives. The good news is that if you are currently in the retirement season of your life, you can find out how to stay fit and healthy below.

Keep moving

Mobility and exercise are incredibly important for people of retirement age. This is because we tend to slow down a bit physically around this time, and then once we no longer head to work every day, it’s easy to become more sedentary. The problem with this is that mobility is a use-it-or-lose-it skill, which means the less you do the less you end up being able to do.

To that end, putting a plan in place to stay active and mobile is crucial. This may mean joining a gym and following their class program each morning, or it could mean heading to the course for a round or two of golf. The activity you chose isn’t as important as making sure you enjoy it and do it regularly as this will help you keep up the habit and stay healthy and mobile during your retirement years.

Wear your hearing aid

Many people of retirement age experience some hearing loss and are given hearing aids to wear. Unfortunately, lots of us do not like to wear them because they make us feel older than we are! However, if you require a hearing aid and don’t wear it you could be setting yourself up for all sorts of health issues. This is because the mind and body do not respond well to the stress of hearing loss, and will continue to search for sounds even when they cannot be heard. This can put a great deal of stress on your system and lead to an increased incidence of depression, dementia, and even IBS!

With that in mind, you must wear your hearing aid if you have one. If there is a problem with it that is keeping you from using it be sure to speak to your specialist who can help you reprogram it to suit your needs.

Consider supplementing your diet

Supplements can be a controversial topic, as many believe we can get everything we need nutritionally from a well-balanced diet. However, chances are that by the time you have reached retirement age you know the foods you like to eat and the ones you don’t, as well as the vitamins and minerals you may be lacking in your diet.

With this in mind, the idea of supplementing what you eat with vitamins and minerals to help boost your health seems like a no-brainer. Just make sure that you check with your doctor before you take a new supplement as they have interactions with other medications you use.

Embrace wellness checks

Yep, a visit to the doctor can be scary even if it’s only for a scheduled check-up, but that is no excuse to avoid them. In fact, the wellness checks offered to you by your doctor based on your age can be very helpful in keeping you healthy over the long term. This is because they are designed to test people at ages when these issues become more prominent and serious. The good news is that by attending these screenings you will either catch any issues early which makes them so much easier to treat, or have the peace of mind that you have a clean bill of health.

How To Recognize Health Issues

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“Personal health is probably our most valuable possession. It is not static though and must be monitored and protected continuously.”

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A key focus of my blog is Health/Wellness. Personal health is probably our most valuable possession. It is not static though and must be monitored and protected continuously. The following contributed post is entitled, How To Recognize Health Issues.

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It’s always vital to take better care of your health, but sometimes you can try everything you can think of, such as exercise and eating better, and still suffer from health symptoms. Many people may just assume that’s how they are, but these issues could be more serious. While everyone can feel tired or ill now and again, chronic issues point to potentially severe health conditions, which is why you need to learn how to recognize health problems.

You Are Tired All the Time

Chronic exhaustion could be a sign of many things, but regardless, it is not normal, especially if you have a good night’s sleep of anywhere between seven and ten hours. Sometimes, this solves the problem even if it takes a few days of consistent sleep, but if your tiredness persists, there’s the risk of something deeper affecting you. Common causes include depression but it could also be chronic fatigue syndrome which could be treated by a combination of the doctor and exercise.

You Have A Long-Term Cough

A cough that lasts more than eight weeks is a sign of something severe, so you need to visit your doctor as soon as possible. These symptoms could point towards problems as serious as lung cancer, especially if you’re coughing up blood, but other problems could be COVID (if you have had it recently) or allergies. You may never have had allergies before, but since pollen and pollutants continue to evolve, it’s possible to develop them even when you’re older.

You Are Struggling to Hear

Hearing loss affects millions of people across the country, but it is not just old age that causes these problems. You can experience hearing loss at any age, especially if you attend concerts or work in noisy environments. Illnesses and clear blockages can also be the source of hearing loss, so speaking to your audiologist and receiving assistive listening devices can offer temporary or permanent treatment.

You Have Lost or Gained A Lot of Weight

While weight loss and weight gain are common, especially if you are actively trying to achieve one of the other, it is not healthy to experience unexplained weight loss or weight gain at any point. These problems could be various potential health issues, including gastrointestinal issues, cancer, a tapeworm infection, pregnancy, or menopause. For the most part, these problems are easily treatable, but it’s worth getting them checked out immediately.

You Feel Nauseous

Nausea is never pleasant, but you usually know why you feel you’re going to vomit. Perhaps you have a heavy night drinking or you’re on a boat and feel seasick. These reasons are common, but chronic nausea is less clear. Women may assume they are pregnant but it could also be a sign of an ulcer or gastroesophageal reflux disease. If you find out you are not pregnant and your nausea persists, see a doctor immediately.

While facing your health issues can be scary, you should not and cannot ignore them forever. Eventually, you will need to go to the doctor to discover what–if anything–is wrong with you. From there, they can prescribe treatment and guide you through the recovery process.

Maximizing Your Investment In Commercial Premises

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“Up until now you might have been working remotely, renting buildings, or perhaps cousin office space. Depending on your needs, commercial premises can quite literally define the shape of your business and expand it more than ever.”

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Three focuses of my blog are Business/Entrepreneurship, Organizational/Management Discussions and Workplace Discussions. A major part of your business is your commercial premises. Ensuring that this component is solid can help maximize your business operations. The following contributed post is entitled, Maximizing Your Investment In Commercial Premises.

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Taking ownership of a commercial property is a big milestone in the life of your business. Up until now you might have been working remotely, renting buildings, or perhaps cousin office space. Depending on your needs, commercial premises can quite literally define the shape of your business and expand it more than ever. For example, it’s one thing to outsource your manufacturing, it’s quite another to bring it in-house.

There are so many different type of commercial premises, from warehouse to restaurant to office block to factory that giving all-encompassing advice to every single one of these would become irrelevant after a short period of time. That’s why, in this post, we’ll discuss how to maximize your investment so that over time, this space pays more dividends on both a financial and operational level.

Without further ado, let’s consider how you might go about that:

Zoning Restrictions

Of course, depending on the zoning laws in place, how the land can be used, how local authorities can be interacted with, what restrictions are in place (such as sound pollution) and your capability for developing the commercial real estate you have will differ. For the best outcome, it’s essential to use the advice of zoning lawyers with real insight not only into the law, but your local area as well. They not only ensure you make the right investment in commercial property, but that its use is thoroughly optimized not only now, but over the years as well. For example, negotiating development rights can potentially determine exactly how the space might be used for the next thirty or so years. It’s always important to think into the future when determining the use of your commercial property.

Energy Efficiency & Sustainability

Many companies have a sustainable mission they not only use to market their brand, but to hire conscious employees, and to make their operations more affordable in the long run. As such, it can be wise to think about how to integrate efficiency measures now, such as space for biofuel, recycling integrations, and solar panels installed atop your roofing. You can also look into green space initiatives to develop a more pleasant environment for your staff.

Integrating People-First Solutions

It’s easy to think of a building or real estate as its own functional entity, but really, these constructions have been defined to assist people in whatever their tasks might be. For example, integrating people-first solutions can be a fantastic place to begin designing the premises to your needs. That might involve purchasing part of a car parking area for your staff, integrating new smoke shelters or secure bike sheds, and defining space for staff lockers, kitchens, wider restrooms, and more. Consider how your people-first solutions will influence your staff satisfaction in the best possible light. Doing so could help you curate a better, more effective workforce.

With this advice, you’re certain to maximize your investment in commercial investment, not only via its long-term value, but in how its implementation will benefit your daily operations in the long run.

It’s Never Too Late To Start Thinking About Retirement

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“It’s very easy to put off thinking about retirement until you realize it’s closer than you had expected.”

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A key focus of my blog is Financial Literacy/Money. For working-class people a major consideration is retirement. It is a critical consideration as most people won’t be able to work forever, nor will they want to. The following contributed post is entitled, It’s Never Too Late To Start Thinking About Retirement.

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It’s very easy to put off thinking about retirement until you realize it’s closer than you had expected. Of course, there’s no real timeline for retirement that works for everyone. There’s your state pension that you’re entitled to after a certain number of years, but for the most part you’ll need to supplement that if you hope to have a comfortable living situation where working is no longer necessary. Moreover, a state pension is not necessarily tied to “retirement,” it’s rather a means of helping you in older age.

Depending on the kind of work you do and how lucrative it is, you could potentially retire decades before anyone else. At the very least, it’s important to think about retiring in your golden years, allowing you to live life on your own terms after working hard throughout most of your lifetime.

With that in mind, it’s never too late to start thinking about retirement, even if you’ve placed little thought into that thus far. In this post, we’ll discuss a few measures you can use to enact specific and helpful plans in this direction once more:

Creating A Realistic Retirement Budget

It’s essential to leverage any and all plans you have to help with retirement. For example, your place of work will usually have an employee contribution scheme where your employer will begin matching certain contributions based on how much you put in, and how much the minimum is. Higher pension contributions will often be considered a perk on the same level as having private healthcare, and you can always make stronger contributions based on your savings. In some cases, such as for those in the armed forces, a pension may accrue without needing to contribute to it.

Consider Estate Planning & Wealth Management

Of course, it’s not just whatever pension plan you put in place that can help with your retirement, but also how you manage any wealth over the course of a lifetime. This is why now is never too late to begin thinking about retirement, because odds are you have some savings or some assets you could maximize depending on your life situation, and this can assist you. With a wealth management firm, you can integrate the best possible advice, use proactive measures like investing, and also protect your position so that retirement not only becomes possible, but optimal.

Set Your Retirement Goals

It’s hard to orient yourself in any direction without stringent goals to help you get there. That might sound obvious, but retirement can have its little quirks worth considering, too. For example, it might be that while you’re not married to your long term partner, doing so can help you gain mutual protections and tax benefits – that’s not the only reason to marry of course, but it’s certainly not a bad one. Try to aim for more complete protections and saving accounts than to retire by a perfect rounded age like 60, because life scenarios shift and you may alter your plans.

With this advice, you’re sure to see how it’s never too late to start thinking about retirement.

Navigate Divorce With Grace And Split Amicably

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“Many relationships last a very long time and stand the test of time throughout all sorts of ordeals. The truth is that not every relationship will do this.”

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A key focus of my blog is Health/Wellness. One of the most difficult life events many people will go through is a divorce. While sometimes necessary, divorces can be very messy and nasty. The best case scenario is the get through them peacefully. The following contributed post is entitled, Navigate Divorce With Grace And Split Amicably.

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Relationships are a huge part of life. If you want to be in a good place, you need to find somebody who’s going to support you and make you feel positive. We are heavily influenced by the people we spend our time with, so we have to choose wisely. Many relationships last a very long time and stand the test of time throughout all sorts of ordeals. The truth is that not every relationship will do this. Some people simply realize that they are no longer meant for one another – and a lot of the time it’s absolutely fine for this to happen.

We often think about our dream home with our wonderful family, but humans make mistakes as we are full of flaws. It’s absolutely fine to go through a divorce or any kind of breakup because we cannot expect perfection. Going through an amicable divorce is a great way to come out of the situation with respect and positivity. Not every divorce is smooth, so it’s up to you to ensure things go as seamlessly as possible. If you are currently going through this kind of situation, here are a few ways to navigate it amicably:

Communicate Properly

When things are awkward, it can be made even worse when you don’t talk things through properly. If there is a sense of anger or bitterness around the place, it can be very difficult to start to dialogue – but it’s entirely worth it. The more you hold back, the more awkward things will be. You need to make sure that you are talking things through properly and getting your point across without any kind of negativity.

Collaborate When Making Decisions

Turn this kind of situation into a joint effort and not a war. It’s very easy to make snide comments or to make things worse, so avoid this temptation and be mature. This will help you to reach agreements that suit everybody. Being flexible means that the outcome will be a lot easier on your mind.

Prioritize Your Children

If you have kids, you should put them in front of absolutely everything else that happens. You will want them to be at their happiest regardless of the situation. If you don’t put them first, you could risk scarring them for life. They might feel a sense of resentment due to how they felt during this entire ordeal. Always think about them whenever you make any kind of decision or before you snap.

Seek Professional Guidance And Support When Things Get Difficult

At the end of the day, you’re going to need some kind of professional guidance to get things done amicably. It’s not a case of making snap decisions because you could end up regretting them pretty soon. Thankfully, there are lots of legal professionals that can help out with divorces. The likes of state48law.com can step in and assist with whatever you need. Some areas can be quite tedious so you will need somebody who knows what they are talking about.

How To Get Through A Divorce With Difficult Ex

A focus of my blog is Health/Wellness. One of the most difficult negative life events one can ever experience is a divorce. Divorces can have long last effects on the for the two spouses and for those around them. The following contributed post is entitled, How To Get Through A Divorce With Difficult Ex.

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Getting through a divorce emotionally and physically is tough if the ex-partner is being difficult.

If you are going through a challenging divorce due to a troublesome ex-partner, then you have come to the right place and you are not alone. Using this guide, you can best understand how to achieve a smooth, safe, and successful divorce with a difficult ex.

Photo by Karolina Grabowska: https://www.pexels.com/photo/lawyers-looking-at-divorce-paper-7876050/

Seek expert legal help

The first thing you must do in order to attain a safe and successful divorce from a difficult ex is to seek legal help. Attaining help from an expert divorce lawyer will guarantee to help you get the best and fairest result possible.

At bestlawaz.com, you can find an excellent divorce lawyer who will guide you through the difficult process and ensure that you attain the result you desire. Working with a legal team will ensure that you are not taken advantage of and that you can stand up and fight for what you deserve after going through a tough divorce.

A legal expert will represent you and protect you throughout your divorce to ensure that you can be safe and secure from someone that is abusive or unfair.

Try to negotiate and stay calm

Another top tip to help you attain a successful divorce with a difficult ex is to try and negotiate with them and while doing so, remain calm.

Although it can’t be difficult to remain calm if they are throwing abuse at you, it is best for your own good as it will help you get a fairer response and if they do not want to listen to you then you can seek legal support to talk to them on your behalf.

If you know that your ex-partner can verbally or physically harm you, then ensure to avoid communication with them at all costs and allow someone to contact them on your behalf.

Expect to end up in court and prepare for this with your legal expert

If your ex-partner is extremely difficult to communicate with and thinks that they are in the right, then you should expect to end up in court.

Do not panic about this, as your legal expert will protect you and stand up for you so that you can achieve the fairest and best response possible.

Keep records

Whether you have communication with your ex-partner or they send you any form of letters or abuse, it is important to keep records of this as this can be used as evidence when you attend court.

Any records you have should be immediately handed over to your legal adviser as they will keep copies of them and ensure to keep them on your file.

Communicate calmly

Whenever you attempt to communicate with your ex, it is important that you do so as calmly as possible.

Although you might not wish to be friendly with them, being friendly and respectful is the best way to get a good answer from them and ensure that the divorce process is as smooth and seamless as possible.

How To Make Your Team More Comfortable In The Office

Two focuses of my blog are Business/Entrepreneurship, Organizational/Management Discussions and Workplace Discussions. One of the keys having a happy successful workforce is making them comfortable. The following contributed post is entitled, How To Make Your Team More Comfortable In The Office.

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If you feel as though your business team are not as comfortable as they could be in the office, then now is the time for you to make a change. This guide will show you what steps you can take to enhance your employee working environment.

Promote Effective Communication

Effective communication is so important if you want your team to feel comfortable. Employers have to make sure that they address any concerns and that they are also transparent. Proper communication helps people to feel comfortable and it also nurtures a sense of teamwork. If you want to help your team to work together much more efficiently then one thing you can do is give them numerous chat options. It may be that you implement video calls across your offices and that you also encourage face-to-face communication where possible. If you can do this then you will soon see the results you are looking for.

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Let them Work Flexible Hours

Another thing you need to do is give your team the chance to work flexible hours. Flexibility helps your team to maintain a healthy work-life balance and it also reduces stress. Team production will be increased and so will job satisfaction. By offering flexible working hours, employers can demonstrate that they value the overall well-being of their team.

Encourage People to Socialise

Another thing you can do is encourage people to socialize. Social interactions between employees help them to feel much more connected and comfortable within their workspace. This can be achieved via team building and office events. If you haven’t done so already, now could be the time to provide your team with a break room, or a kitchen area where they can gather between projects. You can invest in shipping container customizers if you want to explore this idea.

Constant Training

Personal development and professionalism are very important when it comes to making your team feel comfortable. When employees feel as though they have the training to do whatever it is they need to do, they will feel more empowered and confident. If your team sees that you are spending time and money helping them improve their skills, then they will feel much more connected to their workplace, which is great, to say the least.

Appreciate and Encourage

Most employees want to feel as though their accomplishments and their hard work are being appreciated. An employee who is constantly recognised and encouraged will keep on doing good work and this can boost their performance across the board. If you need some help when it comes to your team then one thing you can do is appoint a system that allows you to recognise hard work. If you’ve no idea where to start here, then if you work in sales, have a chart that shows your highest earners. When someone does something great within the company, you can also have a recognition board, which allows you to reward an employee every month. If you can do this then you will soon see a major improvement in your team morale.

4 Risks Your Business Faces and How to Avoid Them

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“If you run a small business then you need to do what you can to avoid risk as much as possible. If you don’t, then you may find that you end up setting your business up for failure and this is the last thing you need.”

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To focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. While starting a business can be one of the most rewarding things your can do, there are risks involved. Understanding those on the front end can increase the chances of your long-term success. The following contributed post is entitled, 4 Risks Your Business Faces and How to Avoid Them.

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If you run a small business then you need to do what you can to avoid risk as much as possible. If you don’t, then you may find that you end up setting your business up for failure and this is the last thing you need.

Security and Fraud

Some of the risks you may face include data branches, cyberattacks and embezzlement. Intellectual property theft is also a major issue. These are examples of how security risks are growing for businesses. The volume of online transactions and trends such as remote work are pushing remote processes onto the cloud. Although there are some technical aspects to this, the risk level usually comes down to processes that are managed by humans. You need to make sure that you have rigorous protocols in place so that you can make sure that everyone has a solid understanding of the data they are handling, and how to keep it safe. If you can educate your team, then you’ll reduce a lot of risk.

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Compliance Risk

Are you familiar with the laws that you have to follow? The legal landscape is changing all the time. Laws that relate to taxes, occupational health, equipment certification and more, are always being updated. If you are ignorant to things like this then you won’t have a valid defense. The nature of your business could change over time as well. This brings a new set of risks and compliance regulations that you have to meet. If you are expanding your team and if you are hiring new people then you will probably need to comply with new laws. If your company has moved from offline sales to online sales then you will need to comply with new data security laws as well as privacy protection.

Operational Risk

Operational risks can be internal, external or both. Some examples include a natural disaster that could damage your physical premises or your equipment. You may also experience a server outage that causes tech problems for your team. The power going out can also cause disruptions, so it is imperative that you do what you can here to tackle risks like this. One thing you can do here is outline any proactive measures you can take right now, while also having a backup plan, should things go wrong. If you can do this then things will work in your favor.

Financial Risk

Financial risk is often caused by several factors. This could include market movements, foreign exchange rates, price fluctuations and more. If you want to help yourself here then you need to ease cash flow issues while taking out insurance from an insurance broker. Diversifying your income is also a good idea, as it helps you mitigate economic risk while also limiting the amount of loans you may need to take on.

Of course, navigating the business world can be difficult, but there are things you can do to try and limit your risk while ensuring that you get the most out of your business venture.

Unexpected Business Costs You May Have Forgotten

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“While your business plan may be written and your finance secured, there are more things to consider. One really common mistake made when launching a business is related to costs.”

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Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Businesses are complex things and are not all about generating profits. A major part of successfully running one is managing the expenses. The following contributed post is entitled, Unexpected Business Costs You May Have Forgotten.

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The process of launching a business takes time. There’s a heap of things you need to think about. With so much to do, it’s easy to forget a few details. While your business plan may be written and your finance secured, there are more things to consider. One really common mistake made when launching a business is related to costs.

You may have planned thoroughly, but things can easily slip through unnoticed. One thing you may have missed is hidden costs. Launching a business requires investment, which you’ve probably sorted. You may have completed your financial projections and cash flow forecasts, but did you remember the following often forgotten business costs? Check you haven’t missed anything important on the list below:

Insurance Costs

Insurance costs are a major expense to consider. While you may know that you need to buy insurance coverage, you may not realize how much. Business insurance can be complex. There are many aspects to it, and it’s easy to overlook the extent of coverage you need. Workers compensation insurance is an example of this. The workers compensation insurance cost can be higher than you realized. This is a nasty surprise to receive when you believe you have all your finances planned out. So, speaking to a specialist insurance company that can advise on the best value cover for your business is wise.

Software Fees

Pretty much every business now depends on software to keep it running smoothly. But this essential software can be an afterthought. Shopping around for the best company software won’t always be cheap. There will likely be extra charges involved you hadn’t even realized. So, discovering the extent of your software needs and how much they’re likely to cost can be a shock.

Comparing prices will help you save money. But, you also need to be sure you’re getting the right product. This is where it’s helpful to take advantage of the trial periods many software companies offer. This will give you the chance to figure out if the software suits your business needs and is able to deliver value for money.

Professional Memberships

Being a member of a professional body can be valuable for your business. Accreditation can help you to win the trust of potential customers. Plus, it’s a great way to ensure your business is taken seriously. Being accredited can be a worthwhile investment and boost your business and its reputation. But there’s no escaping that it’s expensive. You will need to take time to weigh this decision up before committing to this often overlooked cost.

Shrinkage

The final hidden cost you may have forgotten about is shrinkage. Shrinkage refers to the products your business cannot sell. This could be because of damage, theft, or simply inaccurate stocktaking. Working on reducing shrinkage is a major focus for many businesses. It’s easy to see why it’s so important. This is a tricky cost to factor in as it can vary greatly. So, it’s best to simply try to reduce shrinkage instead.