Having a solid understanding of accounting principles will help you to make informed decisions about the financial management of your small business. These tips will give you a good foundation on which to build.
Online accounting software has a myriad of benefits for the financial health of your business. This software not only saves time, money and stress but it also allows businesses to operate with more flexibility.
Losses in business are fairly common. But some business owners tend to attribute them solely to inefficient sales and marketing.
However, that's not the only way a small company can lose money.
Here are some of the lesser-known reasons why your bottom line may not be as high as you'd hoped it would be.
If you're running a business, it's important to understand what gross profit margin is and how to calculate it. This figure tells you how much money your business is making after accounting for the costs of goods sold.
A good customer retention rate is essential to your small business. The more one-off customers you can convert into long-term patrons, the more profitable your business will be.
Digitising your small business comes with an array of lucrative benefits that can boost your bottom line and accelerate the growth of your company.
Leaders set goals. But they often set only one type of goal, and in doing so they set themselves up for failure.
Are you running your entire business by yourself? It's tough to grow your business if you're busy managing every single detail. It's also a bit scary to let go of control or to consider actually hiring help, but it's necessary if you want to grow your business to its fullest potential.
While speaking is often practiced and emphasized by many, the art of listening isn't one on which we find people spending much effort. In actuality, listening is easy and can be improved by following just a few simple steps.
Research has proved that positive thinking and behavior have a powerful impact on personal performance, confidence and even health.
