Share:

News / Blog: #money

Profit distribution as a founder - Why the best investment is the investment in your own company

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is important to understand that a business, like any other investment, carries financial risks. However, as the founder of a business, you are in a unique position to manage your company in a way that promises you the greatest success. Investing in your own business allows you to benefit from the profits that the business generates.

Investing in your own business is one of the safest investments you can make. There are many benefits to investing in your own business, but one of the biggest is that you have direct influence over the earning power. You can run your business in a way that makes the most profit for you. This means that every time your business makes a profit, you benefit directly from the earnings.

Another great benefit of investing in your own business is the control you have over the distribution of profits. You can decide how much money you want to distribute and what type of profits you want to receive. This allows you the opportunity to reinvest your profits selectively and develop your business to generate even more profits.

Finally, profit distributions can also be used as a form of reserve for future investments. This means that if you make further investments, you can rely on the profit distributions to fund your investments. This can be a great advantage as it gives you more financial flexibility without having to make further investments.

Overall, investing in your own business is one of the safest investments you can make. Investing in your own business allows you to directly benefit from the profits that your business generates. It also allows you to maintain control over the distribution of profits, and it gives you the opportunity to develop your business to generate even more profits.

Like (0)
Comment

Why online marketing is a money pit in 2022 - And what you should invest in instead

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Online marketing will still be an important part of any business strategy in 2022, but the investments made in online marketing strategies will be much higher than in previous years. The cost of online advertising and search engine marketing is rising, and it is becoming more difficult to appear on the top pages of search engine results. This means that companies investing in online marketing strategies will have to spend a lot more money than they would expect to get a good ROI.

Instead, in 2022, companies should invest more in creating high-quality content, accelerating their website speed, optimizing for search engines, and improving user experience. These areas are a much more worthwhile investment, as they have a direct impact on a website's rankings and therefore also help drive more qualified visitors to the site.

In addition, businesses should also invest in social media marketing strategies to increase their reach and build brand awareness. This can help drive more traffic to the website and generate more qualified leads. Companies can also invest in email marketing to build a stronger connection with existing customers and generate new leads.

In this way, companies can get much more out of their online marketing efforts in 2022 than if they only invest in expensive advertising campaigns.

Like (0)
Comment

From the 100 hour startup hustle to the 4 hour work week - Here's how you can do it too

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Make a list of your goals: Start by making a list of your goals that you want to achieve when you reduce your work hours to 4 hours per week. Remember that your goals don't necessarily have to include money or career. You may want to spend more time with your family, try a new hobby, or just have more free time.

2. Find a balance between work and leisure: If you reduce your working hours to 4 hours per week, you will have to learn to manage your time more efficiently and get your work done in a focused and effective way. It is important to find a balance between work and free time and to give yourself some time off to relax and unwind.

3. Define your priorities: To reduce your work time to 4 hours per week, you need to clearly define your priorities and prioritize your tasks accordingly. You should put the tasks that are necessary to achieve your goals first and put tasks that are less important on the back burner.

4. Create a journal schedule: A journal schedule is a great tool to manage your work time and make sure you stick to your schedule. Create a simple schedule that will help you complete your tasks efficiently and also leave you enough time to relax.

5. Invest in automation: Automation is one of the best ways to reduce your work time. Invest in tools that do your tasks automatically, such as software that manages your emails or tracks your finances. This will help you use your time more efficiently.

6. Solve your problems: If you want to reduce your work time to 4 hours per week, it's important that you solve your problems. Review your tasks and processes and think about how you can do them more efficiently. Maybe you can delegate some things or make them easier to save time.

Like (0)
Comment

Living Frugally - Retirement at 40 How to Finance?

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It's difficult to retire at 40 if you haven't saved enough money. Some factors to consider are:

1. Save early. It is important to start saving as early as possible to build a nest egg for the future. The best way to start is by creating a budget and setting aside a monthly amount.

2. Invest in your future. Invest in a retirement account to protect and grow your savings. This can be a 401K, IRA or other investment account.

3. Increase your value. In addition to saving and investing, you can also increase your value through education and other means. This can help you get a higher salary or a better position, which in turn increases your savings.

4. Avoid excessive spending. If you are trying to retire early, it is important to avoid excessive spending. This means spending only what you can afford and spending less than you earn.

5. Consider alternative sources of income. If you don't have enough savings to retire early, you can also consider using alternative sources of income to increase your income. This can be a side business or a part-time job.

It is possible to retire at age 40, but it takes creativity and discipline to make it happen. It is important to compromise and build a nest egg for the future.

Like (0)
Comment

Data from the commercial register now available free of charge

08/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

On August 1, 2022, the German government implemented a European directive for better information exchange within the EU by bringing the Digitization Directive into force.

While it is in principle now possible for users of the common register portal to access data such as new registrations, notifications of changes and notifications of deletion free of charge and without registration, a closer look still reveals decisive disadvantages:

For one thing, the display of hits or search results per search query is limited to 100 results.

To locate, for example, all agencies or associations in a region or in a state, you would therefore have to make several search requests.

On the other hand, the number of search results per page is only 10 entries, which additionally means en extra effort when browsing or downloading documents. Also, no contact information can be added, nor is data such as web pages/URLs or email addresses included.

Our conclusion: in order to specifically retrieve individual commercial register excerpts, the aforementioned amendment represents good progress.

For address or direct marketing and lettershops, proprietary databases such as our Company Database 2022 continue to remain highly relevant due to the much wider range of functions. Due to the absence of the limitations described above, working with our system will save you valuable time and therefore money.

Like (0)
Comment

Our offer to you:

Media & PR Database 2025

Only for a short time at a special price: The media and PR database with 2025 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: