Small businesses have to compete not only with the big businesses but also with other existing small businesses for a share in the modern market place. Usually as the resources of a small business is limited and it cannot absorb big losses it has to invest its money very carefully. The first essential task of a small business is to … Continue reading
Supply chain management is leveraged by several enterprises all over the world to run their operations. The former involves automating everything such as sourcing, warehousing, transportation, delivery and much more. In fact, there exist a host of specialized supply chain management software in the market today. Many businesses have bought and implemented SCM software in their respective organizations. As a … Continue reading
An additional income is always welcomed. But the question is how to make that income. By launching a business venture, your dream project. But do you have enough personal funds to pursue your dream of starting an enterprise? No Money or shortage of money is a major logistical hurdle when you want to start a business. However, if there is … Continue reading
To take an already successful and flourishing business to another level, an entrepreneur has to be up to date with the latest business trends and gradually adapt them too. Understanding the latest trends that drive the business and also adapting them subsequently will help small businesses grow as well as survive the highly competitive economy. One of the many major … Continue reading
If you are a small business owner, you will definitely have competition from other small businesses as well as big businesses. Whether you are a new player or an established one you have to be wary of the existing competition from both upcoming and established players. Even if you are doing well presently there is no guarantee your small business … Continue reading
There are many small businesses in the market today. Some of them succeed but many fail. There may be many reasons for failure such as ill luck, being at the wrong time at the wrong place, inadequate finances, untrustworthy employees, poor economic environment and more. But the major reason why so many small businesses fail comes from the top level. … Continue reading
As more and more people are using smartphones, it is a modern necessity that small businesses have a significant mobile presence. Folk prefer to check things on the smartphone rather than their laptops and desktops. Small businesses not having a mobile website will lose out to the small businesses that do. It is essential that small businesses plan and chalk … Continue reading
Today there are umpteen small businesses existing in the market. The competition is fierce to vie for the suitable customers. The latter are very savvy these days and have a lot of knowledge about the various small businesses. Customers are very much aware of which small businesses offer the best services and/or products. They usually take feedback from fellow customers … Continue reading
The financial health of your small business reflects the health of your business. Hiring the right people to manage your financial performance will enhance the profitability, maximize the cash flow, and thereby provide an edge over your competitors. At some stage of your business life cycle you need to hire a financial professional. This should be as per your business … Continue reading
Enterprise resource planning (ERP) has gained popularity in recent times as it makes managing business operations easier. The Enterprise Resource Planning software (ERP software) allows organizations to access a system of highly integrated applications. It helps in the management of business and assists in specific back office activities. ERP technology and software is gradually being implemented in small to large … Continue reading
