Views on SME Business
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..
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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..