Understanding what your expenses are is the first step in establishing a business that has a solid foundation. While it’s true that counting your expenses can be a lot less exciting than counting the profits of what your business provides, it still is an important part of how you can fully understand how the inner…
When buying online, customers usually need an extra incentive that makes them feel confident about their decision. Luckily, product videos are a great way to provide all the helpful information (and that little extra push) most people need for a purchase. But before you start adding a bunch of these videos to your marketing strategy,…
To err is human. The problem is, most small businesses can’t afford to make financial mistakes. Fortunately, most of these errors are easy to prevent. In this article, we are going to talk about the most common financial mistakes that small business owners make in the hopes that the added awareness may lead you to…
Prime Minister Narendra Modi launched an electronic voucher-based digital payment system “e-RUPI” on August 2, 2021. The platform will be a person-specific and purpose-specific payments system. The launching of e-Rupi confirms India’s first step towards having a digital currency in the country. Let us dive into the basic understanding of what e-Rupi is and how…
A retail business’s inventory is among its most precious assets. As it has been proven to be the case, in the global ever-growing economy, for inventory-intensive industries such as retail, hospitality, and manufacturing, an entity’s finished products, raw materials, and other components are at the heart of its business. Therefore, a shortage of inventory at…
It’s been a long pandemic and it still continues to exist. Amid this pandemic, we have figured out a lot of solutions to our problems, a lot of ways to manage everything around us. We have changed some old methods and have transformed them into something that suits current situation and adjustments. One such…
However you look at it, email marketing continues to be a powerful advertisement tool, even today. But it is also one that most businesses allow to go underused and is underestimated most of the time. It doesn’t take a genius to look at the numbers and realize the potential value there, yet for every bit…
According to the Bureau of Labor Statistics, about half of all businesses will close in their first five years of operations, and one of the most common reasons for closure is mishandling funds and running out of money. Rather than malicious fraud or disastrously low sales, what usually leads to financial crisis comes down…
A business plan is an essential tool for starting or growing a company. In this post, I’ll briefly give an overview of the many benefits of creating a business plan. Then, I’ll walk you through each section of the business plan and tell you what to include and how to make it great. The…
The old adage “it takes money to make money” couldn’t be truer in the world of entrepreneurship. Unfortunately, getting the money that you need to expand or sustain your business is not always going to be easy. In some circumstances, you will be able to finance business endeavors with the revenue that your business is…
