Maybe you’re finding yourself swamped with new clients, and you cannot refuse new ones who want to get on board. This issue is a beautiful problem to have as an entrepreneur. One of the ways to address this is by increasing your price. Your new price would act as a filter that would sift through …
Would you believe that most companies fail in the introductory phase not because of the lack of business activity but rather because of disproportionate or inappropriate spending? When you first open a business, whether online or offline, a considerable amount of time, effort, and money must be spent to grow it. However, it’s also important …
Hiring one or more talents could be one of the most challenging decisions a business owner has to make from time to time. However, it doesn’t have to be. As long as you are clear on your current financial position, the vision you have for your business, and the future financial projections, you will be …
A money leak means money that goes out of the business that is unnecessary. While these spendings may seem small and insignificant, once they add up, the amount of money spent is actually significant. This step by step guide may help a business owner systematically eliminate money leaks. How to Identify Money Leaks 1. Pull out all the …
Recessions are an unpredictable and deadly phenomenon for most businesses. No matter how economists predict it, downturns can come swiftly to sweep us at our feet, crippling our businesses without even having time to prepare for the market crisis. With everyone panicking to find a quick fix, entrepreneurs may find themselves at the forefront of …
When you pick out the insides of successful companies, you will find that they have one thing in common: a foolproof system established since they started from scratch. While every venture and industry is different, a dependable system is always an ingredient for success. Whether it is a systemised workforce, business operations, or customer service, …
Are you feeling frustrated because you are not generating enough income? Or maybe, you are wondering why a 6-figure business like yours is still not earning you enough money to take home for the family? Before you throw in the towel and decide that your business is a failure, hear this out. Is Your Business …
One of the biggest challenges of running your own business is keeping off the “red.” This struggle is particularly evident in startup companies as new proprietors are likely to expend a whole lot of effort trying to stay afloat during the introductory phase of their business. Running an entire operation when you’re still in the …
Cash flow problems arise because of cash management issues. Excellent cash management would ensure that cash flows are sufficient and in the right timing to fund and sustain a business. A staggering 80% of companies fail because of their inability to manage cash flow properly. Even at a business’s infancy, cash management should be one of the top …
The Difference Between Cash Flow Problems and Cash Management Issues Read More »
Paying your taxes right is an unspoken responsibility you have to your country of residence. It is through the collection of taxes that nations all across the globe can maintain their sovereignty. Whether you’re a self-employed, a public or private worker in an establishment, a company, or a part of any other profit-generating organization, you …
What Will An Increase In Income Tax Mean In People’s Pocket? Read More »
