Peter Daisyme — March 17, 2018 — March 17, 2018 NikolayFrolochkin / Pixabay There are two main variables that will determine the profitability of your business: the revenue you have going in and the expenses you have going out. If you can retain control of these two variables, your business can continue operating successfully. Unfortunately, … Continue reading 12 Major Business Expenses (and How to Reduce Them)
Renzo Costarella — January 18, 2018 — January 18, 2018 As a small business owner you need to be extremely frugal over how you manage your funds. Lack of or misuse of capital is one of the main reasons why companies fail today. That said, priority number one should be to save money. While some … Continue reading 7 Creative Ways For Your Small Business to Save Money
Amanda Abella — January 9, 2018 — January 9, 2018 FotografieLink / Pixabay Creating a profitable business is a delicate balance of making the right investments, sales and reducing business expenses. It’s a balance that takes time to figure out and requires a lot of patience on the part of the business owner. I personally … Continue reading 5 Ways to Reduce Business Expenses in 2018
Amit Sen — December 3, 2017 Follow @amit_kumar_sen — December 3, 2017 Small businesses are usually lean on capital and funding. As per data from Small Business Administration, around 50 percent businesses bite the dust in their 1st year of operation only. Ineffective cost management is one of the crucial reasons behind the alarming rate … Continue reading 7 Ways How SMEs Can Reduce Business Expenses
David Kiger — November 17, 2017 Follow @davidkiger — November 17, 2017 When a dream of owning a small business comes into view, the little details likely play a small role, if any. But as a plan comes together, those little details can become big issues. Overhead costs — those fixed expenses that make the … Continue reading Analyzing Overhead Costs is Vital in a Business’ Early Stages
Choncé Maddox — November 6, 2017 QuinceMedia / Pixabay According to Bloomberg, eight out of ten small businesses fail. Some fail because they don’t adequately understand customer needs. Others can’t communicate the value of their products and services. Still, others don’t understand how to promote themselves effectively. Yet, the number one reason businesses … Continue reading 5 Proven Ways to Cut Costs For Your Small Business
Robert Gloer — August 14, 2017 Follow @IOUFinancial — August 14, 2017 yemeomee / Pixabay Cash is the fuel that allows your business to operate. With it, you can buy inventory or raw materials, and wait for sluggish receivables to be paid. You can invest in expansion or other opportunities to grow your business, and … Continue reading How Businesses Effectively Manage Debt
Paul Keijzer — August 9, 2017 Follow @Paul_Keijzer — August 9, 2017 Alexsander-777 / Pixabay Salary increases are one of the most fundamental part of an organization’s ability to attract and retain talent. It’s a tool used motivate employees, reward commitment and loyalty, and encourage performance that’s beyond the call of duty. Usually organizations review … Continue reading 5 Ways To Determine Salary Increases That Work For Your Organization
by Yahya Mokhtarzada Follow @YahyaMokhAugust 31, 2016 When we launched our first company in 2001, we needed a server that cost several thousand dollars, expensive software, phone systems, workstations, and fax machines. And that was just to get started — scaling was even pricier. But thanks to technological advancements and the emergence of the software-as-a-service … Continue reading Money Is No Object: The Best Tools for Low Startup Costs
by Steven Scheck Follow @InspireWiFiAugust 7, 2016 Running a business involves a host of responsibilities. Whether you are a seasoned entrepreneur or starting out with an exciting business venture, managing your finances is always a priority. How you manage the finances of your business is as important as the other strategies you implement to lead … Continue reading Tips to Manage the Finances of Your Business
