People Business Owners Should Have on Speed Dial

Although not many people use speed dial as it once was, the principal is still the same. There are some numbers that you should have well labeled for those moments that you really need them. As a small business when it comes to certain things, you don’t have time to waste, nor do you have as many disposable resources as the more prominent companies do.

There is a lot that goes into starting a business of any size, and as you go along, you want to make sure that you tackle everything in the best way possible. Cultivating healthy relationships with the following people will help in the long run, even if you never need to call them in to help.


You won’t believe how many people seem to charge ahead without getting any legal advice from anywhere. For a new startup, it might seem a bit like an expense you don’t want to pay out, and in some cases that might be true. But, the reality of it is that there is a lot of legal documents that you will be signing in the first few months of business (and even more in the following years), and it’s nice to have someone to go through it all with you. It could be legal questions about injury accidents, it could be consulting a business lawyer on some contracts. It might even be talking through the different legal setups to keep you protected. Whatever it is, it pays to have someone you trust to go through it with you. Most lawyers offer great flexible fee options that won’t hurt your pocket too much, and if they keep you out of trouble, then it was money well spent.

Business Mentor

It used to be something that no one really spoke about. These mythical creatures that prominent businessmen sought the knowledge of. But now, the lid has blown off this amazing pot of people. It doesn’t matter if you are starting your business or you have been running it for some time now, a business mentor can help you work through anything. Not only that but they are amazing at making your visions become more clearer and even how you; get there. They are great for advice, information and second opinions. One in five small business owners in 2015 said that a business mentor had helped them with it had come to running their business. You can find one that has experience in the field you are looking to venture into, or perhaps you’d prefer one that matches your personality. Great mentors will challenge you, your opinions and how you are running things. Not because they want to see you falter or fail, but because they want you to take a more in-depth look at your business.


Of course, everyone knows that great accountants can make sure you that you up to date with everything in terms of taxes, and they can maximize your deductions in ways you will likely never even think of. But, they can also help you review your business structure and cash flow. They are trained to analyze how money travels, where it comes from and how you can make more of it. If you are looking into loans for growth, or you are in need of some relief from business debt, then these are the people you need to speak to. Even if you are a one-person business, and you think you have this handled entirely, the chances are you could be doing better. It is always wise to have someone who can talk you through financial decisions and the long-term impact they will have on you personally and your business.


Most banks will offer a business manager of some sort when it comes to small business or big business you get the same treatment. It is really important that you build a relationship with your business manager or the banker that manages your account. Ideally, they will be able to build a picture of the day-to-day running of your business, and the goals you have set your business. While, yes, your banker will be the one that stands between you and the cash you might be trying to access, they do this to protect you from making unwise financial decisions. The more they know, the more they can help. They are also highly connected to people in your field, and in others too. So if you are looking to be recommended a great accountant, then these will be a great person to ask. And, you can seek advice and information about personal banking matters too. They aren’t all about the numbers on the screen.


It doesn’t matter if you are a one-person business, a multiple people business or even if you never leave your home office. Almost all business will need insurance. In order to get the right insurance for your needs, you’re going to need to seek advice and information on their products. If you have employees, you might need to consider medical, disability, or even unemployment insurance – there is a lot to think about. Then if something does happen, you are going to need to be able to call someone who is familiar with your business and can talk you through the next bit. Think of this the same as car insurance. You pay for it monthly, because on the off chance you do have some sort of accident you want to know for sure that you are covered, and if you are unable to work for whatever reason, your bills will be taken care of too. But, only with the right care from the right provider.

Having the right number easily accessible in your phone can be invaluable when you are in need of some help and fast. It might just be you running your business, but you can have a whole team of supporting people to get you through the sticky situations.

3 Avoidable Errors People Make When Investing In Overseas Property

For anyone who has dabbled in the world of domestic real estate investment, the obvious next step is to expand your portfolio and begin to look for opportunities overseas.

There are a great number of benefits to this choice, not least the ability to protect your overall investments from the irregularities of the domestic housing market – but the process of investing overseas is rarely as simple as one might hope. Below, we’ve detailed the three most common mistakes people make when investing in overseas real estate, as well as some advice on ensuring you’re able to avoid the same issues as you progress along your own real estate investment journey.

#1 – Over-focusing on popular locations

There are numerous hotspots across the globe for those looking to invest in property overseas, and you will likely be drawn to these hives of activity also. While it’s generally positive to be led by demand, over-focusing on these popular, of-the-moment destinations can cause you to miss the potential elsewhere.

While it’s always worth looking into the possibilities in the cities and countries most famed for providing excellent opportunities to overseas investors, it’s helpful to also expand your scope further. There are countless real estate investing opportunities outside of the more in-vogue choices, all of which can be just as profitable – if not more so – than the better-known options. By expanding your horizons, you may be able to find the hidden gem that is the perfect choice for your property portfolio.

#2 – Lack of research

The purchasing of buying homes, offices, or commercial buildings seems relatively uniform, as if it would be similar throughout the developed world – but, unfortunately, this isn’t the case. Assuming that the process of buying will be as simple as the domestic process you are accustomed to is likely to lead to more than a few unpleasant surprises, some of which may be severe enough to derail your plans.

When you have settled on a country or city as the location for your property venture, a long period of research should begin – before you look at properties. Take the time to understand the market, the local customs, and the tax laws; when you’re confident you know what is required, you’re ready to take the next step.

#3 – Failing to account for language-related delays

If you are buying property in a country where English is an official language, then there are no particular concerns in this area. However, if you’re buying in a non-English speaking country, it’s vital to note the difficulties the language barrier will present – even if you speak the local language fluently.

Many investors assume that language will not be an issue when investing overseas, especially given the raft of translation and interpreting services that can help overcome this issue. However, translation and interpretation take time, which will impact your overall progress on your investment. While this is manageable, you do have to be aware of it and plan accordingly to ensure you’re prepared for the occasional long delay.

In conclusion

In many ways, investing in real estate overseas is similar to the domestic market – the process of finding the right properties to meet demand is the same, and you’re subject to similar influencing economic factors. However, overseas investment can also be incredibly difficult; by avoiding the most common mistakes as described above, you can be confident of making the right decisions as you look to expand your portfolio abroad.

Jacob Gottlieb Has Financial Tips To Benefit Every Millennial

A large number of financial forecasts made over the last decade suggest that the outlook for millennial’s is bleak. While there is evidence that millennial’s may face some financial obstacles specific to their generation, it is also true that sound money-making decisions can defeat these obstacles.

Jacob Gottlieb is a financial advisor that serves as the chief investment officer and a managing partner at Visium Asset Management. Gottlieb received a bachelor’s degree in economics from Brown University where he graduated Magna cum laude. He completed his education with a medical degree from the medical school at New York University.

Jacob Gottlieb took a moment to outline a few financial planning tips for the benefit of millennials.

Buy An Affordable House

Gottlieb explains that the benefits of owning your own home will in most cases outweigh any of the potential negatives. The key ingredient to this formula is to not commit too much of your money to the property. A good rule of thumb is to never purchase a home that costs more than two and a half times your annual gross income.

Fifteen Percent Of Your Income Should Be Saved

Long-term financial health is best safeguarded by the creation of a budget that is carefully followed. The millennial who commits 15 percent of their income to savings will begin to watch their nest egg grow in a short while. It is suggested that savings equal enough money to pay all financial obligations for six months.

Eliminate Student Debt

A major concern for millennial’s is student loan debt. Student loan debt can not be eliminated with a bankruptcy filing. Also, the interest accrued on this debt is never-ending. The millennial that takes an aggressive approach to student loan debt repayment can potentially realize savings in the tens of thousands.

Begin Funding Retirement Early In Life

No one possesses a crystal ball that will allow them to know the end of their productive work life. Because of this, you should begin investing in an employee sponsored 401k plan as early in life as possible. A Roth IRA may be more suitable to the needs of some individuals based on the type of work performed, earnings that are expected, and anticipated age of retirement.

Pay Monthly Bills Early

The fees associated with late and missed bill payments can add up to a hefty sum. This money would be better spent on a variety of things or added to savings. Late payments will also negatively affect your credit score and add to interest payments when borrowing money.

Master Tax Deductions

The United States allows for much money to be saved on taxes by the individual that masters the process. The majority of Americans cost themselves money every income tax season by not maximizing deductions. It may be a good idea to employ the services of a tax consultant to lower federal and state income taxes be exploiting allowable deductions.

Utilize Passive Income Streams

Successful people often add to their incomes with investments that don’t require physical effort from them. Popular investments include rental properties and unimproved land. Other citizens have benefitted financially from purchasing intellectual property rights and later collecting royalties.

Continue Your Financial Education

Your personal balance sheet will improve continuously along with an improved knowledge of financial matters. Financial blogs, publications on economics, and information dispersed by experts like Jacob Gottlieb can support efforts to develop a strategy to accumulate wealth. The millennial that takes a moment to learn a little bit about financial matters each week will have a powerful knowledge base with which to work in only a few months.