Data is one of the most discussed topics among business owners and entrepreneurs. While data is certainly a very current issue, it’s much more than a buzzword or an Internet trending topic. Every single business transaction generates data. As the world rapidly digitizes, it is crucial for businesses …
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How to Fix a Cash Flow Crisis
Cash flow crises are among the most common (and most frustrating) problems encountered by small businesses and SMEs. A well-managed cash flow is integral for a business to continue running. But what if a cash flow crisis is already happening? Don’t panic. Try to implement the steps below: 1. Create …
The Best Social Media Platforms for Your Business
In a short span of time, social media has changed the way we communicate. People can share their interests online and then plan to meet offline. Social media has also changed the way business do marketing. Businesses can now have a better, faster, more personalized connection with customers. Businesses can …
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The SME Guide on Managing Data
SMEs and small business owners have so many elements to keep track of. These days, in addition to managing cash flow and developing an organized accounting system, SMEs also have to wrestle with data. Because data management is a relatively contemporary concern, many people lack experience in dealing with data. …
4 Ways to Improve Leadership in a Small Business
The role of owner and leader in a company often conflate, especially in the small business sphere. And yet being an owner and being a leader is not the same. An owner is someone who had the initial idea and resources for a company and created the business. A leader …
5 Ideas to Keep Business Finances Healthy
A good financial condition holds your business together. Without the right financial management, a business is as good as doomed. Healthy finances allow your business to function smoothly. The thing is, not everyone is a financial guru. Chances are you’re not one either. But you don’t need to be a …
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4 Steps to Simplify Small Business Accounting
Cash flow is crucial to the life of any small business, which makes keeping track of how you are spending your money especially important for small businesses and SMEs. This is where accounting comes in. Many business owners look at bookkeeping as tedious and time-consuming. But organized financial information should …
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How to Protect Your SME from Cybercrime
As technology evolves, so do hackers. It’s an unfortunate truth, but the number of cybercrime and hackers targeting businesses have skyrocketed. Small and Medium-Sized Enterprises (SMEs) are right to be worried. According to a recent report by the UK’s Federation of Small Businesses (FSB), SMEs are more likely to be …
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Building a Business Network? Here are 3 Helpful Tips.
Ask any business owner and they will tell you how important it is to build a solid business network. A great business network is high-quality and consists of a group of people you can count on. Building such a network requires commitment and consistency. Here are 3 tips for building …
Invoice Finance vs Term Loans – The Basics
Success in business is often determined by one simple factor: cash management. The truth is, many businesses fail because they fall short of cash, despite having a good amount of assets and money owed to them by customers. For these reasons, business owners often decide to apply for loans. Of …