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Do you belong among those, who want to try something different, try something of their own? A successful business is no easy task and to kick off your own startup as a first step can be daunting indeed. We have prepared a few steps, in which we will guide you through the many aspects of…
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As a business owner, it’s essential to understand that crises are a natural part of running a business. No matter how much you plan and prepare, something will always go wrong. And at that point, how much damage the issue causes is all up to your strategies and processes. Whether it’s a natural disaster, an economic…
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Many experts have stated that 2023 will bring significant economic difficulties. Among them is Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who believes the recession will touch a third of the world. The first months of 2023 showed that these assumptions have become true, and now the world economy faces hard times. However,…
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Did you know that not using financial data analytics correctly can cost a company 1% in revenue per decision? Over time this can have a major negative impact on your business. That’s why SMB (small to medium business) owners should define, develop and apply finance analytics. With a proper team making financial decisions they can…
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Whatever type of business you run, it makes sense to keep a small supply of cash in the office to deal with the little expenses every business incurs. Known as petty cash, this small fund is often more essential for the smooth running of your business than you might think. However, these cash expenses can…
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How healthy is your business? What does a healthy business even look like? These are questions which all small business owners need to ask themselves in order to remain competitive. Profitability ratios are some of the most important metrics you can use to assess the health of your business in comparison to your competitors. Here…
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