Category Archive For "Small Business Tip"
No Hide and Seek With These Business Costs
Most small business owners are fully aware of the standard business costs like office rent, marketing, payroll, etc but it is the hidden or unexpected costs that hit hardest. It’s about time you stopped playing hide and seek with these costs and got your cost- control game on. Here’s what you need to be on …
Obtaining funding for your small business
Obtaining funding for your small business The survival of every business depends on the availability of funds and the efficient management of the funds. Proper management of capital propels a business to grow and that might in turn require additional funding for the continued growth of the business. Financing business is securing capital for business …
4 Keys to Effective Bookkeeping Practices
Effective financial record-keeping is essential for business survival and growth. It entails planning, organizing, controlling and monitoring your financial data to achieve the ultimate business objective. Most small and medium business owners often neglect to follow through religiously, this sometimes may be due to either not having full knowledge of keeping appropriate records or having …
Staying Organised
You will be surprised how much startups lose annually simply for not being well organized.Startups are great and ‘startuppers’ are awesome. We’ve got solid plans and have super ambitious business goals. However, if you are somewhat disorderly, then your start-up could be something of a nightmare, to begin with. Staying organized should not be a …
Common Business Expenses To Include In Your Budgeting and Tax Planning
Arguably, two of the most important financial responsibilities of a business owner/lead are budgeting and tax planning. Budgeting, particularly monitoring cash flow, keeps your business from overspending and getting into trouble with making payments. For a young business, you certainly do not want to get off on the wrong foot with your vendors and the tax …
Why Cloud Accounting is the future
The birth and the introduction of technology has brought a new face on how accounting traditionally was processed. Where transactions were manually recorded in columnar papers and kept in a huge folders. Once computers became popular with its accompany affordable software, accounting tasks change from the traditional method into this medium, where concepts stayed the …
Bookkeeping, a key to Small Business Success
For any small business that aims to grow and be successful, systematically and comprehensively recording financial transactions must be paramount. Raising and issuing out invoices, filling requisitions and payment vouchers, recording bills and filing receipts, filing tax returns and a well-run financial operation is crucial to success and can help preempt problems that may arise …
Why Profitability Is Key to Assessing Your Business Growth
Why Profitability Is Key to Assessing Your Business Growth Every emerging organisation be it small, medium or large has certain inherent reasons for its conception. The nature and characteristics can further explain the type of business in question, as to whether or not the business is profit making, nonprofit or a charitable organisation. In this …
Entrepreneur Amma Gyampo’s Top Advice For African Startups
Our advisory board member, Amma Gyampo, was recently interviewed by Entrepreneur.com and we think it’s worth sharing with you: Amma Gyampo serves on Ghana’s National Taskforce for Impact Investing, she is an Angel Investor supporting women-led businesses and serves as Investor Relations Director for the Lady Angel Network. A business development advisor and entrepreneur with …
Technology Stack for Small Businesses & Startups – Part 1 Marketing
Running the various facets of your businesses requires the usage of certain technology tools. These tools are mostly to introduce efficiency in the operations of the business, by way of cutting down time required to achieve a goal or driving down the cost elements involved. In a series of posts, starting from this very one, …