Interpreting financial ratios requires making comparisons across time. A single ratio calculation won't provide much insight unless compared against data from prior periods or competitors. Small business owners can use appropriate ratios to assess their…
Many people would fancy being a successful entrepreneur. There is a notion that starting your business online is intriguing though very demanding task. Answer: People often desire being a business man. The idea of starting…
Supply chains must rewrite their playbooks and abandon outdated best practices in order to remain competitive in today's globalized environment. Instead of prioritizing cost reduction, inventory minimization, asset utilization or even fleet utilization; supply chains…
Customer retention is a key metric in business: a rise in your retention rate means your customer service team is delighting customers and retaining them, making it worthwhile to finally give in to your sister’s…
Success stories in startups provide indispensable advice to entrepreneurs. They illustrate how to create groundbreaking solutions, implement successful go-to-market strategies and develop an inspiring corporate culture. They demonstrate the importance of embracing failure as a…
Maintaining a business, especially during uncertain times like these, can be extremely difficult. If demand for your products go down or if something disrupts your supply chain, you’ll be stuck with little revenue and cash…
Effective tax planning is an integral component of financial management for small businesses, involving proactive efforts to minimize taxes while remaining compliant. By optimizing deductions, applying for tax incentives, remaining informed about new laws and…
No matter the nature of your business, chances are it involves spending money on marketing materials, office supplies and other expenses which qualify as tax deductions. But have you considered tax credits? Tax credits offer…
Emotional intelligence (EQ), is a must for leaders. Leaders with high EQ are better equipped to build relationships, defuse conflicts and increase team productivity. Leaders with high emotional intelligence (EQ) excel at understanding their own…
Personalizing communications to donors and supporters is key to distinguishing your crowdfunding campaign from others. Your email, Facebook and Twitter posts should provide direct information about what the crowdfunding campaign entails. Offer special perks and…
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