A popular misconception in the business realm is that only the big and established brands require the help of project management tools. As a result, some entrepreneurs, especially those at the outset of setting their business off the ground, undervalue the immense power of project management tools.
Disregarding your business's...
A financial or accounting ratio is a valuable tool all entrepreneurs must know for a viable business. Each financial ratio, as we have outlined in this masterpiece, has a purpose. However, financial ratios predominantly play a critical role in evaluating a company's progress against its present goals, competitors, and...
Starting a business during a pandemic might seem like the least successful venture to undertake. First, raising capital could be a problem. Second, finding the right customer base when everyone is trying to save the little they have could pose a problem. There is also the issue of whether...
In this fast-paced modernization era, businesses of all sizes appreciate the immense potential of hiring third-party services and, in particular, extremely qualified talent to handle most of their operations. Popular sites such as Upwork, Freelancer, and Fiverr are just some of the prevalent sites for outsourcing skilled freelancers to...
Businesses are seeing the immense potential for establishing a solid online experience that delivers the needs of their clients and partners. In this fast-paced modernization era, brands and businesses have to ride on the ever-dynamic e-commerce bandwagon to remain competitive and match customer expectations.
Yes, setting your online business may...
No matter the industry your startup is in, one of the keys to success is having a solid and robust connection with your customers. The more unhappy your customer base is, the faster your business will close its doors.
That means going an extra mile than just providing a service...
For an investor looking to sell or buy a business, many factors can determine the worth of a business. And, it goes without saying, understanding the differences between value vs. price is undeniably the most potent investment tactic.
It's usually the jumping-off point for estimating the cost of a deal...
Startup owners must always be on top of their venture's finances and taxes to ensure efficiency, higher chances of obtaining financing, and, importantly, seamlessly identify risks and opportunities for the business.
Although it might not be complex to keep track of your startup financial statements and maintain accurate financial records...
Startup owners must be savvy about their venture's insurance needs to guarantee more financial exposure in a loss. Better, you can be one step ahead by getting your startup an extra layer of coverage over your primary insurance.
That's where a commercial umbrella policy comes into play. It's almost impractical...
The Covid-19 pandemic might have turned the business world and our lives upside down, but it came with several lessons for businesses. Your business might not be performing that well during the pandemic, or it must be tough and unfortunate enough for the business to go down. You might...
Getting funding for a startup, especially loan applications from financial institutions, is not usually straightforward. Many entrepreneurs have had banks close their doors on the, even when they believe they have done everything right with their loan application. So, what could have gone wrong? Why was your startup’s loan...
Cloud storage, which is off-site storage maintained by third-parties, has caught on over the last decade. It is not hard to see why many companies move their data storage to cloud-based, from the versatility to access data to the security.
Here’s why you should join the bandwagon and move your...
Your first year in business can be pretty overwhelming. From the diverse learning, making mistakes, hitting incredible highs, questioning your opinions, and most of all, filing taxes.
We know taxes are quite challenging, especially if you have no background in accounting/ but, it shouldn’t take away the exhilaration of being...
New age might just refer to alternative approaches to the western culture, but it provides several avenues to entrepreneurship. When looking for business ideas, one is no longer stuck in the old school thought of business. With the new age belief that includes belief in physics, astrology, reincarnation, and...
Seeing the venture you have put many resources into gaining traction and securing an optimal success level is the core objective for all entrepreneurs. Still, it's not a forte most business people excel in.
Scaling your startup to the next level isn't a walk in the park. You have to...
To be an apt entrepreneur, one has to be aware and capable of adapting all the suitable perks that will ultimately ensure the maturation of their venture. Moreover, one of the keys to success is the ability to satisfy your clients' demands and projects on time, within the allotted...
The past few years have revolutionized how we perform in the workplace and our personal lives. Limitless disruptions, disruptive innovations, and the shift to virtual, remote, or hybrid work models make it increasingly challenging for entrepreneurs and project managers to track their team members' time.
Although it's pretty elementary to...
Reports about data security breaches have recently flooded the majority of mainstream media outlets. However, as much as most top businesses and brands rely on the 'online or digital wave' to meet customers' demands and remain competitive, cyberattacks are ever on the rise and constantly evolving.
What may begin as...
Your startup's operations can be quite overwhelming. You have to ensure you meet customers' deadlines and within the allotted budget, keep your client management process in check while keeping your team members and other stakeholders contented. Not to mention, your primary purpose as an entrepreneur is to make your...
