When you first set up your business and decided that you were going to sell things to customers, you probably started thinking about the costs that were going to have to go into a store. You will have to find the location and build it, hire employees and manage them. You will have to make…
The dominant role of technology in every sector can be explained in many ways because it has completely transformed business operations. A lot of businesses, large and small, are incorporating computer systems into their operations to make them more efficient. Computers work well when they are taken care of and this is why computer support…
After speaking to and working with business owners on a daily basis, I value the spirit of entrepreneurism more and more and I feel so inspired every day. But I’ve learned with each interaction also, and these are some very general lessons I’ve absorbed and embody in my daily business operations… I’ve observed it takes…
Leading a small business can be as stressful as maintaining a healthy relationship with your spouse. Here are some basic principles to get you started on a sane journey toward growth. So many business founders come up with a good idea, yet they are unable to scale their companies for growth. What could possibly be…
Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. This simple step-by-step guide to money saving habits can help you develop a realistic and a good saving plan. Record your…
With the moving time, there are many business houses, corporate sectors have managed their own slice of work of accounting, and they have learnt to manage the accounts, which are easy to handle them. Bookkeeping is far easy to manage but when it comes to managing the small business then usually the companies hire for…
Profit in any business comes from your business turnover multiplied by your margins. In simple term, Profits = Turnover x Margins Turnover, in turns, is determined by the number of customers you have, multiplied by the number of transactions each customer had with you and the average dollar sale. Thus, Turnover = Number of Customers…
It is no longer news that every business is on one social media or the other especially on Instagram. The new slogan is if your business is not online then you are not doing business yet. But do you know that half of the business on Instagram is not getting value for the time and…
A small medium enterprise business offers you the benefit of running an organization without an office or leased space. While this approach decreases overhead, it requires more push to advertise. The following tips will enable you to get the word out about your business. Create a Website Most organizations have a web nearness that gives…
How do you get a person to buy a product or service? Psychology holds answers to questions that have preoccupied marketing departments for decades, particularly surrounding how to influence people and how people respond to attempts to influence their behaviors. “Persuasion is no longer just an art, it’s an out-and-out science,” said Robert Cialdini, professor…