Views on SME Business
Why is budgeting very important for small business owners?
Budgeting helps small business owners to operate within their means, overcome unexpected challenges, and register profits. A properly prepared budget identifies various..
Benefits of financial planning in small-scale enterprises
Entrepreneurs running their business ventures will have a perfect idea about the costs and expenses being incurred and the profit or loss registered by their firms. Unfortunately, not..
Options available when raising capital for your small business firm
Small businesses have to be creative when it comes to raising capital because of the inherent handicap that they lack a large..
Tips to entrepreneurs for creating a strong credit profile
A credit profile reflects a person or organization’s financial habits and behavior. It helps others evaluate the financial risks of dealing with a particular person or..
How should small business owners plan and prepare for their retirement?
In the modern world, the notion of retirement has become a fuzzy concept because of work-from-home jobs or work-from-anywhere..
What could be some effective strategies for SMEs to reduce debts?
A survey by the Organization for Economic Co-operation and Development (OECD) in 2021 indicated that after the first Covid wave in..
How should business owners prepare for corporate tax in the UAE?
The United Arab Emirates has decided to introduce a federal corporate tax on business profits for the first time from June 1, 2023..
What are some effective cost management strategies for maximizing profits of your small business?
Effective cost management strategies help businesses ensure that they spend money..
How should you manage the psychological trauma if your startup fails?
Our cultural conditioning from childhood because of some wrong concepts of success and failure has created a sort of mental..
How will you future-proof your business venture to survive during a funding winter?
Contrary to a simple funds crunch, a funding winter signifies economy-wide low to no availability of funds for startups..
Should you outsource your small business firm’s accounting and finance services?
When considering whether to outsource your small business’s accounting and finance services, you cannot afford to make an..
How does one transition from being an entrepreneur back to being an employee?
Going back to a full-time job and working for someone else is more common for an entrepreneur than one might think. It may be..