Views on SME Business
End of the year is a great time to create a business plan for the new year
A detailed business plan for the upcoming new year is an amazing tool for every organization as it will delineate the strategy..
How can a small business owner create the perfect remote working environment?
Remote work has become mainstream in many business and industrial segments because of the push it received from the..
Why is it beneficial for businesses to make the employee separation process friendly and seamless?
It is always a loss when a good employee leaves a business enterprise for any reason. Typically, the exit process, or offboarding..
What is the impact of interest rate hikes on small businesses?
Of late, interest rates have been rising across the world. On May 20, 2022, the UK-based Financial Management Centre stated that interest rates were at a 13-year high..
What strategies can a small business adopt during a recession?
To survive a recession, a small business must first be aware of its immediate, medium-term, and long-term impacts. They include..
What key qualities and skills should the operations staff possess?
In every business organization, the operations staff and managers are expected to carry out numerous tasks to ensure its smooth..
How is an Employee Development Plan helpful to an organization?
Many benefits accrue due to employee training and development. Businesses can boost their employees’ productivity, morale, and skills by investing in them. Furthermore..
What should businesses do when planning their geographic expansion?
When we talk of a business organization’s geographic expansion, we usually think of foraying into and establishing a foothold..
What should businesses do if interest rates are expected to rise?
Any rise in interest rates will adversely affect the borrowing power of business enterprises and constrict the inflow of cash from sales..
Should you depute an army of your executives to attend meetings with clients or prospects?
Client and prospect meetings can be of many types. There can be meetings with a single..
Why do even large cash-rich organizations delay payments to their suppliers?
It is understandable when cash-poor organizations delay payments to suppliers, but when cash-rich organizations are also seen..
How can businesses make their procurement process efficient through digitalization?
Digitalization of procurement processes brings a host of benefits to business enterprises, both direct and indirect..