Views on SME Business
The Covid-19 pandemic has drastically altered the demand patterns for products and services in most industrial and market segments. Therefore, many SMEs may realize that their business models and markets..
If the small restaurant you currently own is running well, it doesn’t necessarily mean that the second restaurant you are planning to start at a new location will be equally..
It is always advisable to automate your small business because it boosts productivity, increases efficiency, saves time, reduces cost, and yields many other benefits to the business..
Shortening the accounts receivables cycle (or cash collection cycle) will improve the amount of cash available with a business venture at any given time. This, in turn, will reduce the borrowing needs of the SME and thereby..
The money that keeps coming into and going out of your business enterprise is referred to as cash flow. If you have more money flowing into your firm than moving out..
As part of empowering your employees, you have to give them more freedom, independence, and authority to enable them..
As you have built your small business by investing a lot of money, time, and effort, it will likely be your most valuable financial asset. So, selling your business unit is going to be..
After your startup’s sale to another company, you will be staring at either of the two possibilities mentioned below. The first possibility is you may become redundant..
Research studies and surveys have found that if your SME has an appealing, unique, easy-to-recall and easy-to-pronounce name then it is effortless for your customers, investors..
Offshore outsourcing is a strategy wherein your business enterprise moves some of its select tasks or functions to another company located in some foreign country with the..
Small businesses that promote a diverse workforce and an inclusive culture will command more trust and deeper commitment from employees as the latter would perceive this as respecting their unique needs..
Generally, an advisory board is composed of people who have vast experience, varied business skills and top expertise. They are also passionate and committed to helping..