When running a business, the two most essential steps in maximizing profit levels are improving revenue and minimizing expenditure. In most instances, minimizing expense can be quite strenuous for businesses as it often requires a lot of sacrifices. However, reducing costs can be quite useful in salvaging particular situations. What are Operating Expenses? Operating expenses, …
9 Ways to Reduce Your Business’s Operating Expenses Read More »
Hello Business tycoon! The chances are that you’ve been trying to do everything possible to grow your sales (who doesn’t like huge sales?) Perhaps you’ve tried several other methods such as Facebook Ads, sponsored posts, and the likes. And the chances are that the return on investment is making you quite baffled. While you might …
The world is a global village – a village where anyone with an internet connection can tap into boatloads of opportunities from the comfort of their rooms. And what is achievable in this century was not feasible in all the prior centuries combined. But this truth has never been as evident as during the Coronavirus …
5 Reasons Why Your Small Business Needs A Website Read More »
The internet is the best place to leverage as a tool for marketing your business. It’s cheap, easy to use, and remarkably effective. Most of the opportunities to promote your business online may not even cost you a dime. Yes, you read that right, and you can read that again. The good news is that …
When it comes to financing a business, most business owners are confused about taking long-term or short-term business loans. When it comes to business loans, most business owners are at crossroads. They just don’t know which type of loan is right for their business. There is no denying the fact that any business needs money …
Long Term or Short Term Business Loans: Which Is Right for Your Business? Read More »
Your credit score – that three-digit number – is an important measure of your financial health. It is a telltale sign that helps lenders to know if you use credit responsibly or not. That said, lenders can determine at a glance if you’ll pay them back on time should they grant you loans or credit …
Creditworthiness is one of the most important things that all small business owners should consider when starting their business. We can define creditworthiness as the extent to which a business is deemed suitable for financial help. Creditworthiness is judged based on how reliable a business was in paying back its past loans or debts. Creditworthiness …
How to Build Creditworthiness as A Small Business Owner Read More »
When taking a loan from an individual or organization, one of the promises made is the duration and payment plan. However, if these conditions are unfulfilled, the loan can go into default. And that’s understandable because sometimes, your finances don’t work out as you planned on paper. And perhaps you intended to pay off all …
What Happens If You Default on A Loan Repayment? Read More »
There are several nuances of running a successful business, and of the many wheels that drive the engine, the chosen business payment method is vital to the success of every business. Most traditional businesses often prefer cash payments for their services, and more often than not, they tend to stick to this method despite the …
Why It Is Not Good to Only Accept Cash Payments for Your Business Read More »
Starting a business involves a lot of intricacies, in business, you need money to make money, and at some stages, you may need lots of it. Interestingly, several challenges affect a business’s survival – from funding to competition, ever-changing customer needs, and a host of other things. If you want your business to survive some …
Signs that Your Business Needs Funding to Survive Read More »
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