The Internet has facilitated how we can work together as a global business environment. It has offered the freelancers, entrepreneurs, and small business owners with a world of opportunity to expand their customer base. Technology like content management systems, instant messaging, video conferencing and more, make it easy to get customers and clients throughout the world. One part of the freedom in that equation to work and go global, is that it really creates a challenge in your payments system. The act of getting paid, or paying someone else for services…Read More
If part of your job involves converting foreign currency to US dollars or vice versa, 2014 could have been a challenging year for you.
If you are based in the U.S. and selling to clients overseas, your products – depending where you sell them – this year became on average 10% more expensive (US Dollar Index+9.8%). If you were importing it was a banner year – you just saved on average 10% on your products. By historical standards this was one of the best appreciations of the dollar over the last 15 years.Read More