Getting a business partner as an entrepreneur is a massive commitment. Whoever you have at your side will, ideally, stick with you until the current venture ends. They are part of your core team and will play a huge part in the startup’s growth and success. That kind of commitment cannot be taken likely. Here Read More
Pricing your products and services can be difficult. If you set your prices too low, you may not cover your costs. If your sales prices are too high, you may not make the volume of sales that you need to be profitable. Here are ten tips to help you get the price right for your Read More
Managing inventory can be a challenge. If your inventory levels are too high, you are tying up cash and creating cash flow problems. If you let stock run too low, you will have difficulty filling sales orders. Effective inventory management, then, is crucial to profitability.
Many businesses fail to manage their stocks of raw materials and Read More
The holiday season is both a blessing and a curse for entrepreneurs around the world. Don’t let the complications that surround this holiday season distract you from the impact you can create in this month. Here are three things you and every entrepreneur should do:
1. Give Thanks
The success of your business isn’t just down to Read More
Running even a small fleet of company vehicles can be time-consuming. If you lease your company vehicles, though, you can afford to maintain a fleet of newer cars and trucks. This means less maintenance is required, and cars are rarely off the road. Here are ten more reasons why so many businesses lease vehicles rather Read More
Making collection calls is not something that most people relish. It is never easy chasing someone for money, and chasing debt can take up a lot of time. However, if a business does not keep a tight rein on its accounts receivable, it could find itself in a cash flow crisis. So, if you find Read More
It is easy to miss the early warning signs that a business is in trouble. Lower than usual sales volumes might be put down to a seasonal variation. The cash flow getting a bit tight might be blamed on a few late-paying customers. If the downward trend continues, though, then you will know that action Read More
Any new business needs funds to get it off the ground. For most startups, that means using a business loan provider. As with any financial service, there are many things to consider when deciding which loan provider is best for funding your new business.
How Much Money Do You Need to Start?
Just as there’s no set Read More
Are you an entrepreneur or freelancer preparing for a new way of doing business? As lockdown conditions ease and economic activities resume, practices to prevent the spread of COVID-19 will continue. A safe workspace where employees can focus on responding to market changes is thus vital. Opting for a flexible workspace is a way to Read More
Many people are hoping for an economic bounce-back once the coronavirus threat has receded. However, it is more likely that the world will enter a period of recession. With many people out of work and the world’s supply chains disrupted, consumer demand will be low, and getting products to market will be challenging. Some economists Read More
