Your business’s budget is one the hardest yet most important things to get right. If you’re trying to save too much, the quality of your output will drop. However, if you get overexcited about one part of your business plan and blow your budget on it, you’ll suffer for the rest of the financial year. While it’s hard to get the balance right – especially if this is your first go at managing your own business’s budget – there are a few things that can help you out. From choosing remote working over renting office space, to just using digital rather than printing lots of paper, there are some big decisions you can make to cut expenditures. However, there’s one question that plagues business owners the world over: when should you hire someone, and when should you outsource?
[click to read…]

Share

Liquidity, in the simplest terms, is the ability to pay bills and costs as they arise. The term “liquid business” refers to a business that has sufficient liquid assets to meet all costs without having to sell fixed assets such as property or machinery to do so. Of all business assets, the most liquid is of course cash, with the least liquid being property or heavy machinery which can take months to sell in order to raise funds.
[click to read…]

Share

Capital funding is one of the most important factors that you need to consider while performing various business activities like that of expanding your business. Small business loans are offered by various financial institutions like banks.

Apart from your financial strength and capital fund requirement, you must count upon the nature and volume of business in order to determine which loan product is right for you. Opting for an unsecured loan is certainly your best option in case you need a business loan without any asset to present as collateral under a financial crisis. [click to read…]

Share

If your business has technical debt, then it’s imperative that you understand that it can have a huge negative impact on the future growth and even existence of your business. While it is true that technical debt is often inevitable in any sort of software developing and engineering company, it should not be ignored. It cannot rectify all by itself and therefore, it continues to accrue interest over time. This interest along with the principal must be repaid on time just like any financial debt. Otherwise, it will result in several issues which will in turn result in poor productivity of the code.
[click to read…]

Share

Whether you’re assessing your personal finances or you run a business, it’s common to go through phases when your books look healthier, and you’ve got more money coming in. As a business owner, it’s essential to ensure that you’ve got enough money coming in to prevent shortfalls. Cash flow issues can set you back and even put you out of business. If you’re eager to keep your company afloat, this guide will help you to design a strategy to conquer those cash flow problems and keep your business above water.
[click to read…]

Share

There are so many benefits that Content Management Systems (CMS) can have for your website.  Dot Centric has made this info-graphic to highlight a few of them.  A number of different businesses are moving their websites to a CMS to increase their online potential, and to benefit from their numerous features.

CMS can help your company to streamline scheduling, which is very important if you own either a blog or a magazine and you need to schedule posts to go onto your site. Also, with a CMS, the status of existing content can be easily checked regardless of whether the posts are live, under review or at the stage of final draft. Please see the info-graphic below for the full list on how a CMS can benefit your website and company.
[click to read…]

Share

There are a number of different ways that you can make your warehouse more efficient.  This info-graphic from PeopleVox warehouse management system will take you through some of the best tips. A tip to consider is to always investigate the latest technology. Well- established companies that use older technology should take a look at radio frequency scanners and tags. Please see the info-graphic for some more really helpful tips.
[click to read…]

Share