Every entrepreneur gets into some venture believing that they can make some money out of it. But no matter what you are doing in order to start seeing some gains, you will need to invest something first. That could be a lump sum of money. Or...
Isn’t it a great feeling to see that you’ve just made a new sale? But as you’ve perhaps noticed it takes time to see those money being deposited into your bank account. This delay has something to do with how most product businesses operate. In particular...
There’s no denying that managing payroll for an SME is challenging. Even if you only have a few employees, staying on top of the paperwork and compliance can chew up a significant chunk of your time. Per recent survey, 30% of small business owners in...
You’ve heard the news: the gig economy is booming in numbers and 35% of people now have a somewhat regular side hustle. Perhaps you have a friend who is a graphic designer by day, and a yoga teacher on the weekends. Or some colleague of yours...
Cash flow. We all look at this number on a personal level when we set up our personal budgets. How much income do we have coming in each month, what our bills are, and how much we have left over to do other things? Usually,...
Every business owner has to track the financials. You need to know how your venture is performing, and if there is enough profit to make the business worthwhile in the first place. And, what’s more important, you need income to scale and grow your company...
Unless you are living on a desert island or without Internet, you have heard of PayPal. It has become, in fact, the most well-known online payment processor out there. And according to its own data, it now has 87 million+ accounts, housed in 190 markets,...
If you have been doing business for a while, you know that there’s no such thing as the ‘average customer’. Brands have more chances to sell to a very specific type of a person. While companies that market to a general audience rarely have much...
Inventory. It’s always an issue with a business. Whether a company is bringing in and storing finished products for resale or holding raw materials, products in process, and finished products, inventory is both an asset and a liability. An inventory is an asset if it is...
There are so many things that you are ‘supposed’ to do to make your ecommerce venture a success. You have to come up with a memorable business name, get your website up and running, set up social media profiles, craft catchy product descriptions and figure...