Internal Control is all about protecting your business from frauds, errors and omissions. Experience has shown that fraudulent employees still commit frauds in businesses that…
11 Ways To Effectively Manage Stocks In Your Business
Stocks, variously called inventory, products or merchandise, often take a large chunk of your business capital. This is because you need to have stocks…
20 Customer Service Skills That Every Employee Needs
There are 20 customer service skills that every employee needs. Customer service is all about making customers happy and satisfied. When you opened the…
Consequences Of Poor Financial Management
The consequences of poor financial management on a business can be devastating. In business, you need to develop proactive, effective and responsible ways to…
13 Important Reasons Why You Need To Prepare A Balance Sheet For Your Business
There are 13 reasons why you need to prepare a balance sheet for your business. A local trader recently asked me “what is balance sheet”?…
13 Greatest Reasons Why You Need To Prepare A Trading Account For Your Business
There are 13 reasons why you need to prepare a trading account for your business. A trading account for your business will the results…
10 Effective Ways To Prevent Your Business From Failing
There Are 10 Effective Ways To Prevent Your Business From Failing. Researchers have estimated that, at least, one out of every 5 new businesses fail…
3 Simplest Ways To Invest Your Idle Cash For High Returns
Sometimes you may have some idle cash that you are not ready to use anytime soon. Idle cash is money that is redundant, not…
How To Choose The Right Location For Your Small Business
Often times, choosing the right location for your business can be very difficult for many people. For many reasons, a wrong business location can…
15 Basic Accounting Records You Need To Keep For Your Business
There are 15 Basic Accounting Records You Need To Keep For Your Business. You need to keep accounting books and records to track all your…
10 Negative Ways Lack Of Working Capital Can Hurt Your Business
Lack of working capital can hurt your business in many ways. Working capital is equal to current assets minus current liabilities. Lack of working…
11 Greatest Advantages Of Investment In Ordinary Shares Of Profitable Companies
If you have idle cash which you do not intend to use any time soon, you can invest it in ordinary shares of profitable companies.…
22 Effective Ways To Manage Your Business Finances
There are 22 effective ways to manage your business finances. Business finance may be defined as money set aside for the sole purpose of starting…
How To Do Market Research For Your New Business
The most important single question in market research and sales planning is the question “who is my customer”? Failure to answer this question is the…
10 Ways Poor Financial Management Can Hurt Your Business
Evidence abound everywhere that far too many small businesses fail due to poor financial management. Researchers have also found that poor financial management is often…
7 Greatest Reasons Why People Do Not Like To Start Businesses
There are 7 greatest reasons why people do not like to start businesses. It is not a bad idea to aspire to start your own…
How To Find A New Product To Sell In Your New Business
There are many steps required to bring a product to market, but ultimately, it all starts with the product idea itself. If you have…
Tips On How To Buy Cheap And Sell High
How to look for products you can buy cheap and sell high can be quite challenging, especially for small businesses like yours. This is mainly…
15 Ways To Reduce Your Business Expenses
Business expenses represent money spent in the process of carrying out your business activities. Uncontrolled business expenses are responsible for poor profitability of many …
11 Ways Listening To Customers Can Help You In Business
There are many ways listening to customers can help you in business. For example, it was a lot easier to find customers before the…
6 Most Important Qualities Every Entrepreneur Must Have
There are some important qualities every entrepreneur must have to be success in business. Some people say entrepreneurs are born. Others think entrepreneurship can be…
13 Greatest Ways To Boost Sales In Your Small Business
You need effective marketing strategies to boost sales in your business. When you opened the doors of your business to the public you obviously…
7 Important Financial Lessons from Covid-19
There are 7 important financial lessons from Covid-19. In just a matter of weeks/months the economies of virtually all the nations of the world began…
10 Best Ways To Be Successful In Your Business
It is one thing to be able to start a business but it is another thing to be successful in the business. Here are a…
11 Reasons Why Skills Are Important In Business
There are many reasons why skills are important in business. Skills simply mean ability to learn a trade or acquire a professional training that can…