Devonomics is a business, economics and finance blog which discusses tips, trends and news in the business world. This blog includes topics on business, finance, marketing, loans, insurance, credit cards, mortgage, real estate and internet marketing.
25th
APR
Transactions made easy
Posted by admin under Banking, Credit Cards, Trading
With the beginning of our career in event planning, one of our plans is to open a bank account for the business itself. Since our earnings are growing we want to keep it in the safest possible way. It is not advisable to keep in the house or carry around a large sum of cash. Having an account is beneficial for us since most of our clients also make transactions through it.
Most of them directly deposit their payments which makes it hassle free for both parties. We can easily make checks or avail for credit cards to pay for all our overhead expenses. Another great thing about banking your hard earned cash is though the interest rates are not that high our money in the bank continually grows. If ever there comes a time to make a loan, it will be easy for us to avail it. Banking beyond doubt makes business trouble-free for us.
5th
OCT
Effects of Natural disasters
Posted by admin under Business, Business News, Trading
We all heard the news about the recent eruption of Eyjafjallajokull volcano in Iceland. Lava and poisonous gases are spread all over Europe and some African countries. It has a massive effect not only to the people living near it but to all of us as well. Dark clouds and ashes caused the airports in Europe to shutdown. A great number of passengers are stranded all over the world.
Trade related businesses like Fedex are distressed. It has greatly affected economies since many products for export and import travel by plane. Foods and other goods with expiration dates are left to expire on the storage houses since there in no way of shipping them. This greatly affects the economy since the trade is in a halt. It is still uncertain to when the skies will clear up or the operation will restart. Though we are miles away from the scene of eruption we somehow experience the consequence of this natural disaster.
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