A Guide to Maximizing Your Business Investments

As a business owner, you probably have your hands full with managing daily operations and keeping customers happy. While these are essential tasks for any company, it’s also important to keep the long-term future of your company in mind.

To achieve continued growth, you may want to invest in new equipment or upgrade your facilities to remain competitive. Fortunately, as an entrepreneur you have many unique opportunities that other investors may not have.

Here are some tips on how you can leverage your personal investment advantages as a small business owner.

Research is the First Step

One of the first things you should do when considering an investment is to research the potential returns. You can do this by tracking what similar businesses have experienced with similar investments. In addition, you can track the total cost of the project and factor in any costs for contractors, financing, and any implementation period.

This will help you determine the amount of cash needed for the investment and give you a rough idea of how much your company’s bottom line will increase due to the investment.

Identify What You Truly Need to Grow

While the ROI of each potential investment is important, it’s also essential to identify what you truly need for your growth. For example, you may want to invest in a new store location to expand your business.

This investment will greatly increase your company’s profits, but you may not actually need that extra money. Therefore, it might not be the best investment for your company. To do this tip, you can use budgeting apps so you’ll know what you’re lacking financially.

Leveraging Your Company’s Assets

Another way to invest in your company is to leverage your company’s assets. For example, if your business has a large amount of cash on hand, then you may want to consider investing that money into your company. You can do this by taking out a loan or by using your company’s cash reserves to fund an investment. You can also use your company’s assets to secure a loan.

For example, if you have a piece of real estate that has increased in value over the years, you can use that property to secure a loan for your company. This is known as a security loan, which allows you to take advantage of your assets to invest in your company.

9 Well-Known Businesses That Accept Crypto as Payment

Bitcoin

 

If you have Bitcoin, then there is a way that you will make good profits on your investment. But the thing is, how can you spend the profits you make with Bitcoin? Today, millions of people own Bitcoin, and this cryptocurrency is very valuable. Numerous people are now opening crypto wallet accounts from companies like Metamask and Coinbase (check out the Metamask vs Coinbase comparison here). However, the main goal of Bitcoin was to replace the use of traditional fiat currencies.

But for this, companies and businesses have to accept Bitcoin in order to be able to spend it and use it as a means of payment. Fortunately, there are numerous companies that accept Bitcoin today, and we’ll introduce you to the 9 best ones here, so get ready.

Starbucks

It is truly a modern age when you can spend your digital money to buy your favorite coffee. Well, Starbucks doesn’t currently accept Bitcoin. However, Starbucks has decided to accept crypto payments at certain locations starting in March 2020. Users must use the Bakkt app, which allows them to convert digital money into fiat money. That money will then be transferred to your Starbucks app. With these two apps, you can easily make payments for your orders.

Etsy

If you want to buy homemade and unique items, you should visit the Etsy platform. It now accepts Bitcoin payments, which allow you to make purchases and pay with your digital coins. Plus, Bitcoin payments are fast and secure, so you don’t have to worry about any small thing.

Home Depot

Do you want to tinker with your Bitcoin? If so, then Home Depot is the best decision for you. This company has announced that it will accept Bitcoin payments starting in 2019. You’ll be pleased to learn that it’s the largest home improvement and homeware store that accepts Bitcoin payments through the Flexa platform. Your experience buying things on this platform will be worth it, and you won’t regret it.

Subway

Best of all, one of the largest grocery chains, Subway, is now accepting Bitcoin payments. However, Bitcoin is not accepted in every branch. So you can use your Bitcoin to buy Subway meals, but make sure the branch accepts Bitcoin payments beforehand.

Burger King

Food company Burger King accepts Bitcoin as a means of payment in the Netherlands. After that, some other Burger King branches in America have also begun to accept Bitcoin as a means of payment. To do this, the Burger King platform must work with the crypto buyer app, which helps with a settlement with the crypto exchanges.

 

ALSO READ: How Companies Adopt Bitcoin and Cryptocurrencies

 

Microsoft

You’ll be amazed to learn that Microsoft has been accepting Bitcoin for a while now. In 2014, Microsoft temporarily removed this payment method. But in January 2021, the company decided to accept Bitcoin payments again. You can use this cryptocurrency to pay for the Xbox services, the Microsoft App Store, and more.

Shopify

It is a popular online marketplace that allows users to open an eCommerce store at any time. It also allows sellers to allow crypto payments. This site also accepts Ethereum, Litecoin, and many other cryptocurrencies.

Whole foods

The company Whole Foods now also accepts Bitcoin payments. However, they don’t do it directly, and they have to use the Flexa payment system, just like Home Depot. This system helps to convert digital currency into fiat money, which makes it easier to carry out transactions and spend Bitcoin. So the next time you go grocery shopping, you should use your cryptocurrency for payments.

PayPal

In the last year, PayPal has started to accept cryptocurrencies. PayPal is one of the most comprehensive online payment methods and now accepts cryptocurrencies as well, which is a great thing. You should know that PayPal now accepts Bitcoin payments and converts them into fiat money when you want to pay for your purchases. In addition, the company allows customers to receive educational content that will help them learn more about this cryptocurrency system.

How You can Start in Business Investing?

You don’t need to be mega-rich or a trust fund baby with your own private jet to start investing and growing your wealth. In fact, the best way to accumulate money is by chipping away at it consistently over time.

While some investments may take a long time before you see returns, investing your money is almost always the surest way to grow your wealth over time. For many people, starting out small with business investing can be an excellent way to get your feet wet when it comes to growing your personal net worth.

Here are some ideas on how you can start in business investing today.

Start a Savings Account with an Easy-to-use App

One of the most straightforward ways to start investing is by putting money into a savings account. With a savings account, you’ll usually earn a fairly modest rate of interest, and you’ll be able to easily access your money with no penalties or fees. Some of the best savings accounts are offered by online banks, where you can open an account with very little effort.

The best savings accounts will have low or no minimum deposit requirements with easy ways to deposit money like transferring funds from a linked checking account. You can also start business investing by having loans.

Read more Business Investing Books

The best way to learn is by doing, but there’s nothing wrong with skimming the surface first. One of the best ways to start in business investing is by reading a few books on the subject.

While there are countless books on business and investing, you may want to start with a few that have proven helpful to others who have started in business investing.

For example, Gary Allan’s Millionaire Next Door is a classic that has helped countless people start in business investing. Likewise, Meb Faber’s Investing Demystified is a good starting point for reading about business investing.

Commit to Learning more about Investing and Wealth Building

While it’s important to get started now, it’s also important to commit to continuous learning. The world of business and investing is rapidly changing, and it’s important to make sure you stay informed. One great way to stay up-to-date on investing is by subscribing to one or more investing newsletters.

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