Small businesses usually have a tough time controlling the rising cost as they are squashed between the limited financial resources and the compulsion to keep the prices at a reasonable level. Managing or controlling the cost of maintaining your business is known as cost management. Simply put it’s a way of running your business within a given budget and curbing … Continue reading
Posts Categorized: Small Business University
How A Small Business Can Bounce Back From Financial Hardships
One of the factors that determine whether an enterprise is flourishing or floundering is the cash flow. The decision makers of a small business should know the movement of the cash flow. This will help them formulate a better financial and operational strategies based on this knowledge. If there is a mismanagement of finance, it will lead to financial setback. … Continue reading
Invoicing Apps: Why Should Small Businesses Use This
Small business owners are always on the move either attending seminars or meeting clients. Since, they are on the go, invoicing their clients at times becomes a herculean task even if they have installed an invoicing app on the cloud. The reason is they would have to rely on their laptops or any other mobile devices to log into their … Continue reading
Simple Tips To Manage Your Small Business Finances
Every business, big or small, startup or established is always concerned about one crucial thing, that’s managing their finances. Financial management is of paramount importance for breezing through the volatile economy and also to survive the competitive market today. Small businesses need to be extra cautious while taking any major financial decisions. As a wrong move can affect the business … Continue reading
Motivating Your Sales Team Without Hiking Their Salary
“If compensation were a sufficient motivator, your people would already be performing,”- Mark Palmer (Sales Consultant) Selling is not an easy job. This could be the reason why sales professionals are often the highest paid people of a company. These people have to combat fierce competition, handle grumpy prospects, critical clients and fussy customers. At times even a big fat … Continue reading
Confidence Of A Self-Assured Person Can Be Copied And Embraced
Low self-confidence isn’t a life sentence. Self-confidence can be learned, practiced, and mastered just like any other skill. Once you master it, everything in your life will change for the better. – Barrie Davenport Self-assured people exude confidence and therefore, they are admired by many. The new entrepreneurs look up towards the established and successful businessmen to learn not only … Continue reading
Effective ways to make your employees come to you
Whether you are a startup or an established small business owner, to be a success, you need portray yourself as an approachable person or leader. Experts opine that when an entrepreneur is unapproachable or guarded, communication gets cut off as it shuts people up. When you are unapproachable there is a possibility of cutting off information flow that is vital … Continue reading
Tiny Business Habits That Lead To Huge Results
“First, we make our habits, then our habits make us.”– Charles C. Noble There are times many of us wish there was a handbook for success. Unfortunately, there is none. The next best thing to work towards realizing your business dreams is by inculcating a few good habits. As per Dr. Michael O’Donnell, a researcher, awareness, motivation, skills and opportunity … Continue reading
Do Highly Productive People Have More Than 24 Hours In A Day
It’s a competitive world out there and we have many success stories of small businesses. Thanks to the technological innovations, in today’s world we have round-the-clock work schedules and we are able to access information with a few mouse clicks. The work pattern is collaborative. This means you are expected to be connect with people located at various geographical locations, … Continue reading
How Small Businesses Can Cut Down On Their Expenses
Small business owners are always on the lookout for ways to reduce business expenses, boost cash flows and improve their profitability. A quickest and easiest way to improve the earnings of a business is cutting costs in business. By implementing a cost-control system, a business will be able to identify the areas where its spending unnecessarily, reduce expenditure, and save. … Continue reading
