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Simple Business Cost Reduction Ideas That Will Work
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Our Favorite Proposal Templates
Our Favorite Proposal Templates A business proposal is an essential tool for you as a small business owner, solopreneur or freelancer. You need your business proposals to reflect your brand and your professionalism. The right pitch can close that next sale and launch...
The Most Effective Cost Control Methods in Manufacturing
Whether your business is publicly held or privately, in the red or in the black, cost control methods in manufacturing are critical to maintaining a profitable company. In times when your competitors are outsourcing to Southeast Asia, or automating their manufacturing...
The Most Effective Ways to Increase Sales Revenue
As a business owner, you’re always going to be looking for ways to increase sales revenue. Read more to find out how to make your business profitable.
How to Hit Sales Target Goals The Right Way
As a business owner, where do you go for good advice on how to hit sales target goals? Search no more – we’ve got you covered.
5 Types of Business Budgets: One is Not Enough for Success
Most business owners know the importance of a business budget. But, did you know there are five different types of business budgets you should use?
Simple Business Cost Reduction Ideas That Will Work
Searching for business cost reduction ideas? We know how it feels to want the best for your business. Read more to find out how to save money.
The Most Effective Cost Control Methods in Manufacturing
Whether your business is publicly held or privately, in the red or in the black, cost control methods in manufacturing are critical to maintaining a profitable company. In times when your competitors are outsourcing to Southeast Asia, or automating their manufacturing...
How to Reduce Tax Bill Efficiently in 7 Ways – 2018
Paying taxes is one of our main responsibilities as citizens. However, sometimes you might feel you are paying a bit too much. However, avoiding taxes is generally frowned upon if you don’t do it the proper way. There are some methods you can learn how to reduce tax...
How to Estimate Utility Costs for a Business the Right Way
If you want to start a business, you shouldn’t forget this comes with a lot of expenses. Even after the business is on, you should still take into account a lot of costs. A part of these go to utilities, which are essential for the good functioning of your company....
5 Types of Business Budgets: One is Not Enough for Success
Most business owners know the importance of a business budget. But, did you know there are five different types of business budgets you should use?
What Is the Procurement Process, Which Are Its Stages?
The procurement process consists of identifying the goods your company needs and finding ways to get them. At a first look, this process seems quite simple, but it’s actually a lot more complicated than that. The process has all kinds of underlayers and stages that...
Strategic Financial Management: What It Is and How to Do It Right
Most people who think about economics and accounting regard these disciplines as extremely exact and analytical. However, they often ignore the management part, which requires some creativity and the ability to look into the future. Strategic financial management is...
What is a Break-Even Analysis: Definition and Formula
The break-even analysis is a useful tool that lets you see what you need to sell, either monthly or annually if you want to cover the costs of doing business. This would represent the break-even point, where the total cost and the total revenue are equal. Today we are...
Why are Budgets Useful in the Planning Process? An Explanation
If you work in the business field, most likely you’re already familiar with creating budgets and planning for months or years. But have you ever asked yourself why are budgets useful in the planning process? Couldn’t we do just as good without them? Let’s have a look...
Which Are the Startup Seed Funding Stages and How Do They Differ
People think that venture capital is a very complicated concept that doesn’t affect everybody. However, let’s make an experiment. If you open your phone and look at the apps you installed on it, we bet that at least one was built and then marketed by using venture...
How to Prepare the Annual Budget for a Company in 15 Steps
Preparing an annual budget for your business is not as easy as it may seem. Not everybody has the skills or the patience to create and manage a budget on their own. Luckily, there are other options as well: hiring an accountant, a bookkeeper, a CFO, etc. If, however,...
How to Build a Brand for Your Business: the Basics
You can’t be recognized in your business industry without an identity. Business owners often forget why it’s important to build a reputation around the brands they have. Every product and service is only as good as the person or people who are selling it. You have to...
Business Development Vs Sales: What Does Each Do?
Conducting business efficiently to generate profit while maintaining ethical and professional standards is the ultimate goal of most organizations. Although some may view sales as the primary means of achieving this objective, the process is more deeply embedded in...
What are the Benefits of Telecommuting? But the Disadvantages?
Telecommuting is a new format of working that has been growing in popularity over the past 10 years. The idea of telecommuting allows employees to complete the lion’s share of their work from a location of their choosing. Some employees choose to work from home while...
Streamlining And Reducing Costs Of Self-Funded Health Plans with Si Nahra
Self-funded health plans can be a lot to handle for an employer with a lot of employees. Businesses need the expertise of professionals who can look at each and every employee’s health plan use to discover, recover, and remove the waste, abuse, and fraud in their...
Enjoy Cash Flow And Tax Savings With Cost Segregation Analysis with Todd Strumpfer
If you’re looking to accelerate depreciation of your commercial building, from real estate to personal property, and reduce your current taxable income, you might want to consider employing cost segregation studies. Cost Segregation Services, Inc. provides...
Manage Your Companies Cell Phone Expenses And Enjoy Great Savings With Mobility Consulting Services
If you’re one of those who wince every time your company’s telecom bill arrives, then you probably haven’t heard of mobility consulting services. Donovan Lashley, Founder of Mobilia Consulting, a telecom expense management firm established in 2013, explains how cost...
8 of the Best Side Business Ideas to Try Out Today
Even if you already have a stable job, some extra money are always welcome. Some might think working two jobs is too much, but starting a business on your own can be a solution worth considering. The best thing about these businesses is the fact you don’t need a lot...
Breaking Down Marginal Benefits and Marginal Cost
Sometimes, businesses might want or have to produce more. In this case, they need to pay attention to a number of factors. These factors include marginal benefits and marginal cost, which are changes in general benefits and costs whenever there’s a change in...
What Is the Net Present Value (NPV) and How Do You Calculate It?
The Net Present Value, or NPV, is a vital element in finance. If you think about it in comparison with other concepts, NPV is not that difficult to grasp. Yet many people have a hard time in figuring out what it means and how to deal with it. Therefore, what is the...
9 Different Types of Leadership Styles: When to Use Which?
Any leader needs a certain technique to coordinate and direct others. Depending on the number of subordinates and the working environment, a person can choose from quite a big number of these techniques. Therefore, before choosing the approach, the leader needs to...
What Is the Best Way to Engage Employees?
All business owners often have to face one of the biggest dilemmas in the industry – the engagement of their employees. Keeping them motivated and willing to do their best in any conditions can be tough sometimes. This is why this subject is one of the hottest among...
Change Management 101: Definition, Steps, and Examples
Sometimes, organizations need to improve their performance, solve some issues, or start projects and take advantage of certain opportunities. Most of the time, they need change to get things done. These changes can be of all sorts, starting from job descriptions and...
Why Is Human Resource Management so Important? The Bottom Line
The debate on the importance of HR is split between two sides, as there are people who appreciate it and others who don’t give it the regard it might deserve. The second side fails to see the real value of HR, and regard it as an executive department that doesn’t...
What Challenges Do Managers Face in Motivating Today’s Workforce?
Motivation is essential in a company, as employees need to be constantly willing to do their best and get good results. However, it’s not always easy to maintain it among people. Managers can have a hard time in keeping the employees eager to reach their full...
7 Best Traits of a Good Sales Manager and How to Build Them
Being a great sales manager usually comes with time and experience, but is also the product of a series of qualities and skills. However, you can become good in what you do by developing a series of latent skills, or even acquiring some new ones. Learn which are the...
Top 4 Best Time Management Tools for Employees 2018
It’s important for your employees to reach their target within the specified time frame, but it doesn’t always happen like that. The pressure has gotten bigger, as they have to achieve more tasks in less time. This is why time management is more necessary. Companies...
7 Tips on How to Manage a Sales Team and Improve It
A great sales department is essential for any company, as it helps them acquire profit. This is why so many managers are trying their best to coordinate a sales team as well as possible, and drive the best results from them. However, it’s not always easy to manage a...
Account Management Strategy – Definition, Plan, and Principles
One of the most important things for a company is the relationship with its customers. To take care of it, companies need special employees that know how to talk to customers and how to convince them their products are the best. For this, they need an account...
Turnaround Management 101: Process, Strategies, and Examples
Sometimes, business might not go as good for your company as it used to. This is the moment when you should intervene and try to improve its financial status. Such a process is called turnaround management, and requires a lot of attention and strategy. Sometimes, the...
Innovation Management 101: Definition, Process, and Examples
Nowadays, innovation is an essential point in business. If you want your company to be successful, you need to make use of innovation as much as possible. This way, you’ll find solutions others wouldn’t have thought of, and find new ways to attract customers. To...
