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The most successful business owners know how to do two things: delegate and outsource. Some things are simply cheaper and more efficient when left to others! Here are some of the things you should pay attention to when outsourcing work....
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Having a healthy business credit score is integral to the success of any company. A high credit score enables you to secure working capital from financial institutions when you need it, while a low score makes it difficult or impossible...
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A healthy positive cash flow is a vital component of any successful business. However, many new entrepreneurs are unaware that profit and cash flow are not equivalent and that without effective cash flow management even highly profitable businesses can fail....
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When you have a small business, it’s very likely that you’re going to run into cash flow problems at some point, and when you do it’s not very likely that a traditional bank will be able to help you, because...
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The term work-life balance refers to the practice of having your employees allot blocks of time in appropriate amounts to the workplace and to family needs at home, and when a good balance is achieved, it can make your employees...
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What’s one common denominator that affects almost anyone’s mood, productivity, and performance at work? Answer: their surrounding environment. Most of spend a minimum of 40 hours a week at work, and there’s a stark difference between spending those hours in...
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How you structure your organization will influence financial analysis and modeling and how efficiently your company achieves its goals. Careful consideration should be given to how you initially set up the functions and divisions in your company. Implementing one too...
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One of the best ways for a small businessman to manage gaps in cash flow is to have an unsecured business line of credit available to cover those times of shortfall. However, eligibility for an unsecured business line of credit...
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Small businesses have become one of the most sought-after sources for personal employment and wealth in the US. According to the Small Business and Entrepreneurship Council, the introduction of 5G technology will accelerate industry growth across the board. This means...
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Businesses run on people, and the long-term success and health of any business is dependent upon its employees. Employee retention saves time and money on hiring, onboarding and training, up to 200 percent of a candidate’s annual salary. Employee retention...
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