No matter what type of business you run, whether it is a café, a manufacturing plant, or a legal firm, you need to make every purchasing decision with care. How you manage your money can make or break your business. But, what do you need to consider when making a purchase? How can you make sure that your purchasing decisions are successful? Read on to discover some useful tips to help you out. Ask yourself a series of questions before outsourcing – The decision between outsourcing and keeping … [Read more...]

Equipment that breaks needs to be fixed, but should you repair it or replace it? Here are some questions to ask yourself that could help you to make the right decision when dealing with broken business equipment.   Which is cheaper?   Often it’s cheaper to repair than it is to replace, but there are times when replacing could be cheaper in the long run. If a machine has been cursed with problems up until now and it seems likely that there may be more issues in the future, … [Read more...]

  Starting, running and fight tooth and nail for a business is about as topsy-turvy as anything can ever get, but that’s the oath a wannabe-entrepreneur makes when they decide to run with an idea. And the reason it’s so up and down and roller-coaster is because it is so saturated with mistakes. From hiring the wrong people to not checking the quality of a product before producing it in bulk, there’s a hundred and one pitfalls waiting for you.   But just because they are … [Read more...]

No matter what type of business you run, you are going to require supplies in some capacity. If you run a hair salon, you are going to need suppliers to provide you with hair dye and other styling equipment, and you may require an accountancy firm to manage your books. If you operate a store that sells DIY tools, you are going to need a company to provide you with order fulfilment services, as well as a web hosting company. With that in mind, read on to discover some tips on choosing business … [Read more...]

When starting a business, one thing you really need to be sure of is that it’s growing. That it’s taking off as you envisioned. You may not enjoy overnight success, but that doesn’t mean your business isn’t growing. However, what does it mean when your business isn’t where you thought it would be? Why is this and what can you do about it? Read on to learn more!   You’re Spending Too Long Tracking Down Payments Maybe your business isn’t where you thought it would be because you’re … [Read more...]

As an entrepreneur, it’s impossible important to stay motivated, enthusiastic and proactive in order to keep yourself - and your business - moving in the right direction, and nothing is better at lighting this kind of fire under you than goals. It’s having something to work toward, a target to aim for, a set of milestones that you can look at to see where you are.   This isn’t just because the competition around you is constantly snapping at your heels, or because if you’re not moving … [Read more...]

When you have your own business, there’s always going to be a lot for you to take care of. If you’re someone that started up because you have a skill or an interest at a set thing, then you may find yourself conducting some of the day to day activities of whatever it is that you sell or supply. But that the same time, you’ll also need to ensure that you’re overseeing everything else too. From the sales to the customer service and even the marketing and finance, you have to wear a lot of hats. So … [Read more...]

As a business owner, you’re used to caring about your employees. You’re used to ensuring they have somewhere comfortable to work, that their environment is positive, and that they have all they need to perform their job to the best of their abilities.   The one area you’ve overlooked   However, despite all of the above, it’s unlikely that you have thought much about your employees commutes. There’s good reason for this, too: an employee’s commute is not something that you … [Read more...]

Downtime is essential when you are trying to curb the stress of running a business. You might feel that there is no such thing as downtime, but you have to find a sustainable balance when you are running any type of company. You are going to be feeling pressures from every angle. You need the opportunity to switch off from this pressure, and sometimes, family time, or being physically away from the office isn't going to cut it. Hobbies are great in this respect because it diverts your attention … [Read more...]

If your business involves a sales force or logistics department that crosses the length and breadth of the country, not only are they expanding your reach, they’re also adding enormously to your risk and liability as an enterprise. While managing your employees is easy when they’re under the same roof as you, it can be exponentially harder when they’re out on the road. Nonetheless, as long as their vehicles bear your branding, you share in their liability. Everything they do on the road impacts … [Read more...]