Learn more about business with this collection
How to balance flexibility and structure in a hybrid team environment
Understanding the challenges of managing a hybrid team
How to maintain team cohesion
Maintain a good credit score
Financial institutions, partners, suppliers and prospective customers may use your credit score to determine the worthiness of the business and if you are likely to default on a payment.
It is important to learn how to overcome a poor credit score. A good credit score could improve the financial success of the business.
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67 reads
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Keep the business paper-free
- Digital platforms allow you to organise your business data and documents and have a backup.
- Online invoicing and accounting tools can help to keep efficient and accurate records.
- Automate your bill payments, such as utility b...
24
54 reads
Partner with the right investors
Partnering with the right investors is critical to the success of the business. Investors can be key assets as they can gather more funds than you could through loans.
Research the most recent ventures of your potential investors, and understand how involved they would like to be.
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74 reads
Consider the budget
Creating a yearly budget for your business allows for effective management. A budget guides your intended business decisions and helps you lay out expansion plans.
Make your money work smarter and harder by re-evaluating your income and your spending habits.
25
311 reads
Debt management and savings
Debt management: It's not ideal for debt to carry over to the next financial year. It's advisable to develop a strategy to repay your debts before taking out loans.
Increase your savings: Savings can help to keep the business afloat in difficult times. Cons...
23
45 reads
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Debt when you're on a tight budget
There are a couple of paths you can take to pay off your high-interest debt when you're on a tight budget.
- The snowball method. For those who need to see progress, pay off the lowest balance first. You'll feel inspired to keep going.
- The avalanche me...
Losing your job: consider the bigger picture
Losing a job and being unemployed impact your mood, affect how you look for work and your chances of success. It is important to understand the emotional and psychological factors that could be hindering your efforts.
But this moment gives you an opportunity to consider the bigger ...
How To Start A Business
- I wrote overviews of what I was selling, why I thought the business made sense, an overview of my competition, why my product and/or service would be important to my customers and why they should buy or use it.
- Once I could put the idea on paper, I gave the company a...
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