Invoice Bazaar Blog

Views on SME Business

Business expansion risks when starting a new restaurant after the first one is successful

By Invoice Bazaar | July 14, 2021

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..

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Why is it prudent to automate your small business?

By Invoice Bazaar | July 10, 2021

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..

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How can an SME owner shorten the accounts receivables cycle?

By Invoice Bazaar | July 6, 2021

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..

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cash low

Why is effective cash flow management important for a small business?

By Invoice Bazaar | July 4, 2021

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..

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How can you make your employees responsible and accountable by empowering them?

By Invoice Bazaar | March 2, 2021

As part of empowering your employees, you have to give them more freedom, independence, and authority to enable them..

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How will you successfully sell your small business at the right price?

By Invoice Bazaar | February 25, 2021

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..

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How should an entrepreneur cope with change after selling her SME?

By Invoice Bazaar | February 20, 2021

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..

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How to choose the perfect name for your small business? Does it really matter?

By Invoice Bazaar | February 16, 2021

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..

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Should a small business consider offshore outsourcing of its non-client facing functions?

By Invoice Bazaar | February 12, 2021

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..

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Should small businesses care about diversity and inclusion?

By Invoice Bazaar | February 9, 2021

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..

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Why is it worthwhile to have an advisory board for your small business?

By Invoice Bazaar | February 5, 2021

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..

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How can SMEs use social media to grow their business?

By Invoice Bazaar | February 1, 2021

A large section of the consumers across the world are now on various social media platforms such as Facebook, Instagram, Twitter, WhatsApp, YouTube, LinkedIn, Pinterest, […]

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