Business's Archives

Starting a new business means you are about to join the booming network of SME. SMEs, or small and medium enterprise,s greatly contributes to society in numerous ways. According to a study conducted by the OECD, SMEs contribute up to 45% of employment and 33% of GDP in emerging economies. Tips to Cut Business Costs But small businesses, more than the international conglomerates they may hope to become, are very susceptible to financial problems early on. According to the American Bankruptcy Institute, more than 150 businesses file for commercial bankruptcy each day. One ultimate problem faced by these businesses is the lack of revenue, and rising operational costs. Cutting expenses is a way to battle out the cost and change the tide of your cash flow. It largely depends on …

Some employees you just can’t wait to get rid of. They constantly show themselves to be less than capable, nothing will motivate them and they end up causing more trouble than they’re worth. Other times, there are fantastic employees that have to leave because of personal reasons, or they simply found another job that is more to their liking. However, both of these employees still have some worth while they’re on their way out. Each of them could give you some invaluable feedback about your business and actually do something for you that no other employee may be willing to do. They can give you absolute, bare bones, no holds barred truth. This in itself is worth a wheelbarrow filled with gold, as they could enlighten you on things that …

As all entrepreneurs know, running a small business can be tough at times. In fact, it’s tough most of the time. Of course, there is a lot of good that comes from being your own boss and making money doing something you love, but the stress that comes with it can get pretty overwhelming. As common as stress is, it is far from healthy, so if you want to stay fighting fit and be in a condition to run your company well, you need to do what you can to manage and reduce your stress. To help you do this, here are thirteen useful tips. 1) Let Stress Motivate You: Too much stress is unhealthy and can cause a number of problems, both physically and mentally. That being said, a …