04 May, 2008

How to Beat Inflation in Latvia

Gee inflation is really making inroads in to income. Here are some tips on how to beat it.

Any software you pay a licence for is highly likely to be also available legally free of charge in an open source form. One of the better sites for searching for the type of software you require is http://www.sourceforge.net/ or TwoCows. Governments are moving away from high licencing fees as Singapore droped Microsoft in 2004 and the Nederlands is migrating to free software http://iht.com/articles/2008/03/05/business/open.php . An example of free anti virus software is http://www.avast.com/ and for free word processing compatible with all Microsoft Word documents try http://www.openoffice.org/ . Search for Key Software names like Firefox for Internet searches, Linux UBUNU as an Operating System, AVG for antivirus, ZoneAlarm for a firewall, Logmein for remote access to a computer, and ADrive for 50GB of online data storage.

If Heating costs are eating you up then think about Heat Pumps for floor heating, Thermal Solar for water heating in summer to offset your winter costs, and an ioniser pump for radiator and hot water all year round http://www.stafor.lv/ .

Work on your website to gain a higher percentage of the market. There are tools that can provide good feedback on the effectiveness of your website. AustCham Latvia can provide you a 30 page evaluation of your website.

Get a big storage tank to store farm diesel for your vehicle, Get off of bottled water, share one DSL connection with your neigbours and share the cost, AND REMEMBER THAT CASH IS KING so if you spend more now on decreasing your expenses then that is more important than calculating how many years it will take to recoup the expense - only people that think like sheep do that.

The best way to beat inflation is to start a new profitable business. The best new profitable business makes use of idle capacity in your current business or job, the second best way to start a profitable business is to replace a verticle component associated with your current business.

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