The Advantages of an Online Business

When I was in college and during the latter part of high school, I worked for a smattering of retail stores in the local mall. One of the stores was one that I was far more involved in, and as the “store manager”, I balanced the budget, scheduled staff, dealt with employee relations issues and generally kept the store running.

It was a lot of fun and the best part of it all was that I learned so much about businesses and how they work. It was awesome to be able to order stock, work with the budget and deal with the people.

Even then, though, I knew that if I were ever to go into business for myself, I would do so online.

online businesses

There are many advantages to online businesses over brick and mortar businesses (and I am sure vice versa).

Equipment

You do still need equipment for online businesses. For my blogging businesses, I need a good laptop, a camera and a phone with a data plan so I can stay connected.

With e-commerce businesses, you’d need whatever equipment it is that makes that ecommerce business tick. Whether that happens to be printers, cameras, or cash registers, there is still a need. Equipment is an investment to your business generally, and you can come by it at a reasonable price, like the ones at CRS Ipswich, but with an online business you need a lot less equipment.

You wont’ need cleaning equipment for the store, display equipment, scanners, or other sales electronics.

Staff

If you need staff or to outsource any of the work that you do in a brick and mortar business, you generally have to find somebody local who is willing to do the work and pay them to show up. There’s the potential for paying the staff member for their time so you can stay open even when there are no clients and no work to do. This is harmful for your business’s bottom line.

Online businesses allow you to select contractors or staff from all over the world, meaning it is easier to find a competitive cost and you can pay them only for the work they do.

Hours

There are some things you can only do doing business hours, even with an online business, but generally you can play with your schedule and conduct business whenever you want, with an online business. WIth a brick and mortar business you don’t have that much freedom. If you’re most productive in the evening, with an online business you can get everything done then, but in person, you have to go by the store hours that society generally sets as acceptable because that is when your client is going to be looking for your service or product.

 

There are definitely mistakes that can easily be made with online businesses, just like brick and mortar type businesses, however online businesses are better suited to me because they are easier to set up and maintain, and I can do so during the times that I want to do business.

 

Choosing a Smart Phone in 2014

The smartphone market gets more exciting every year, and 2014 is shaping up to be the most thrilling yet. There are a lot of great devices on the scene in the coming months with new features, stronger hardware, and plenty of excellent options for those who absolutely must have the latest and greatest. Here are some of the mobile devices to keep an eye on in 2014, from sleek leaders of the pack to big bargains and everything in between.

Samsung Galaxy S5

Image via Flickr by Karlis Dambrans

The Galaxy line has always been impressive, and the S5 is no exception. The big sell of this youngest member of the Android family is biometrics. The S5 retails for $660 and comes standard with a fingerprint reader and heart rate monitor that pair well with up-and-coming health apps. If you’re interested in something a little more play-focused, the S5 also has a top-tier HDR camera that takes crisp pictures and video at a fraction of the battery drain. It’s an all-around great phone.

Apple iPhone 5S

iPhones have a well-earned reputation as great devices for visual hardware and app suites. Apple has put a lot under the hood for the $648 5S, including the brand new A7 chip and 64-bit architecture that brings arguably the fastest performance in the market to this device. It also translates to even sharper images from the excellent camera and plenty of wiggle room for app developers. The phone is available through all major carriers.

Motorola Moto X

Bargain hunters with any major carrier will love the Moto X, a device with a skimpy $100 price point but plenty of great features that make it a heck of a deal. The Moto is highly customizable with multiple colors and accents, plus it has a respectably spacious 4.7-inch display. It also comes standard with some nice bells and whistles, and a slew of ease-of-use features like the wrist-flick camera mode and the no-touch voice controls. It’s not exactly Siri, but it’s an unbeatable bang for your buck.

LG G2

Selling for between $200 and $400 depending on the associated plan, the G2 by LG has a middle-of-the-road price point, but it’s top-of-its-class in terms of battery life. Tests have put the G2 at more than 10 hours of full use with 4G Web browsing and putting the 4.7-inch display through its paces. The Snapdragon 800 processor is quite fast, and the factory chipset has performed excellently for mobile gaming, outpacing a lot of the G2’s nearest competitors in that increasingly important market.

HTC One M8

The HTC line has been consistently impressive for a while now, so it’s no surprise to see the M8 offering such a nice package. Its best feature is the smart, simple BlinkFeed interface that manages to be colorful and fun without being too busy. It has a larger display than most current-generation mobile devices, pulling a full five inches to show off the 1920 x 1080 pixel capabilities. The M8 has some intimidating speakers and a Duo camera that make this a formidable media device. All these features come with a big leagues price tag at $636 standard.

Samsung Galaxy Note 3

The halfway point between smartphones and tablets is a tricky space to navigate, but the Note 3 does so admirably. The huge display can run two side-by-side apps with window-to-window content dragging that’s a blessing for multi-taskers. The pen software has been improved, and the 11-hour battery life makes the Note 3 a viable business machine. It retails for $717, which makes it a nice two-in-one deal for those who don’t want to juggle a smartphone and a tablet, though the large size practically necessitates a wireless headset to make it a functional phone and not an elbow-strainer.
2014 is shaping up to be a stellar year for mobile devices of every stripe, with great features and keen innovations available for every budget. Media systems are positively stunning, and usability is improving by leaps and bounds. From Android, iOS, Windows, and beyond, there’s something impressive out there regardless of user preference and carrier.

Financial Roundup – Changes Edition

I have so much change coming up in my life, that it’s completely overwhelming.

First of all, in three weeks, I’m getting married. I already live with my fiancé, so that part won’t be a huge change, but on top of my upcoming nuptials, I’ve also decided to take a position with a different organization. I will start the day I get back from my wedding. On top of all of that, my work location in the meantime has changed. I am now within walking distance from home (freeing up the car for my fiancé to use, saving us about $15/day in gas) for the next few weeks.

It’s all a bit overwhelming all at once, and it sure keeps me busy, between wedding planning, all of the appointments I have so I can use my benefits before I leave, packing up an old office (temporarily), wrapping up 2.5 years of work at my current organization. It’s a lot!

I do still have time to send a little love to my fellow bloggers, though.

At Million Dollar Ninja, we learned how to DIY a phone screen replacement. I didn’t know this was something that could be DIY’d!

At Debt Busting Chick, there was discussion about side hustles and sweet spots to be successful. I don’t know if I have a sweet spot so much as the drive to make money in a lot of different ways.

Liz at Budgeting For More wrote 10 Ways to Get Noticed at Work. These are, of course, ways to get noticed in a positive way, and they do work!

I’ve really enjoyed Jon at Money Smart Guide‘s posts about his niche site, and he gave us an update this week. It’s good to see the progress of other bloggers side projects.

As somebody who is getting married soon, I enjoyed Brock’s post about attending weddings at Clever Dude. I couldn’t imagine inviting somebody I didn’t know fairly well to my wedding, but I know that isn’t standard.

Andy from Art of Being Cheap posted about energy vampires and how much they cost; it’s a good reminder to make sure you unplug things after you use them!

At Work to Not Work, Zee discusses sewing machine moments (more commonly referred to as a-ha moments).

I prioritize eating healthy, good food. It’s important to me to stay healthy and I can afford the good stuff. Wise Dollar gives us some tips on how to eat healthy on a budget. 

I LOVED this post at Savvy with Saving about not letting money define you. It’s a must read.

Debt Debs lists some awesome personal finance advice. My personal favorite from her list is paying off the mortgage in 15 years, followed closely with not buying so much stuff.