Remember when you first started your business? It may have just been you and your business partner. As your business started to turn some profit, you hired your first few employees and as your cash flows started to be more steady, you are beginning to think about expanding your business. …
Useful Business Apps for SMEs
If you are the owner of an SME, it can get quite overwhelming especially when you are wearing many hats and multitasking on the go. Here are our top picks of useful business apps to help you stay on top of things. Business app for accounting: Xero Xero is a …
3 Business Books to Read For SME Owners
Running a business is an exciting and challenging venture. Being your own boss means that you are free to forge your path and have the opportunity to turn your dreams into reality. This requires hard work, grit and luck. For many business owners or prospective business owners, the journey can …
3 Sales Forecast Models to Help You Achieve A Better Cash Flow
Why do you need to forecast sales? Accurate forecasts with minimal errors are key to budgeting and predicting a company’s financial outlook. As the lifeblood of businesses, sales forecasting helps to determine the health level of cash flows. It allows you to have a snapshot of upcoming business expenses and …
SME Business Financing: The Definitive Guide (2020)
SME Business Financing Guide: Founders and business owners have various ways to finance their SME business, including equity and debt financing. The latter option of debt financing for SMEs is comparatively more common and easier to apply for. How should I finance my Small Medium Enterprise (SME)? Before deciding which …
7 Inspiring TED Talks and Podcasts for Entrepreneurs
They say an entrepreneur is someone who jumps off a cliff and builds a plane on the way down. However, these dynamos too need a shot of motivation every once in a while. If you are in the process of building your own empire and need that little optimistic push …
5 Things I Wish I Knew Before I Started My Own Business
Do you have that awesome business idea that could be worth a million dollars with the proper execution? Well, starting your own business is definitely no easy proposition. It involves a lot of things coming together. While monetary resources and capital are one side of the story, fortitude, grit, and …
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Why Creativity and Innovation are Important for SMEs
It has become widely accepted that creativity and innovation are crucial to business success, especially in the ever-changing and uncertain world we live in today. While creativity is the ability to produce new and unique ideas, innovation is the execution of that creative ideas. When properly fostered, creativity and innovation …
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Business Planning 101
All successful businesses start with great planning. Business plans can be a daunting challenge for some, because of the effort you have to put to craft one. As daunting as it seems, business plans are necessary as they provide the roadmap for where you want to take your company. In …
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How to Build The Best Business Team for SMEs
A rookie mistake often made by those just starting a new business is thinking they can handle everything on their own. It’s still a small business, after all, so why would I need more people to help me, they think. As a small business owner, I should be able to …