Having a great idea and running with it is not enough to operate a successful business. A business owner must wear many hats when operating their company, but managing and understanding their finances doesn’t always come easily. Relying on a business manager or an accountant is a beneficial way to verify that you are conducting
Many college grads inevitably wind up in the same frustrating Catch-22-style situation: They need an entry-level job to gain experience, but no one wants to hire them because they lack — you guessed it — experience. And despite the fact that 90% of degree holders feel more than prepared for full-time employment, only about half
Successful businessmen became a huge hit because they defied the generally tried-and-tested business practices and chose instead to think outside the box. Similarly, you can train your imagination like a muscle with routine exercise to change your perspective regarding the way you look at things in your business. As a business person, you need
Your business has probably never moved faster. And the competition has probably never been more cutthroat. But there’s one thing that will give you a leg up in business—and that’s your data. That is, if you can stay on top of its non-stop growth and help your executives pull the right business intelligence from it.
We’ll admit that its more pleasing to collect payments rather than make them, but you can organize your business to optimize how you make payments so that you minimize their impact. There are two ways you can optimize your payments – when you pay them and how you pay them. Timing Your Payments A good
Even the most visionary business can be derailed by cash flow problems. In fact, a recent survey found that a staggering 82% of start-ups and SMEs fail due to inadequate cash flow management. So it’s vital that you know some of the most common pitfalls – and how to avoid them. 1. Overspending too early.