Are you concerned about the high costs of running your business? You need to be concerned about this because, if your costs continue to rise at their current rate, your entire operational model will become ineffective. Because of this, you become vulnerable and weak in comparison to other important competitors. Let’s look at some of […]
If your business relies on the sale of goods, then you have to make sure that those goods are kept in proper order. Inventory loss can be one of the leading causes of lost profits when it’s left to go out of control. As such, here, we’re going to look at what you can and […]
If you are looking for a way to manage your business more effectively, this blog post is for you. Have a Good Management Team Good management is the key to success. It would help if you had a good team of managers who understand the business and manage it well. They don’t need to be […]
When entrepreneurs begin the process of starting up their SMEs their mentors, peers and friends tend to drum a simple message into them… “Keep your overhead costs under control”. It’s sound advice, it really is! It’s also easier said than done. There are so many myriad costs that come with starting up a business whether […]
In your personal life, having an emergency fund is sensible for many reasons. You never know when an unexpected expense might arise, and you don’t want it to get you into financial trouble. The same can be said for your business, although you might approach the creation of emergency funds a little differently. Running a […]
