This year has not been easy for anyone, especially business owners who have had to close their doors and rethink their businesses, just to survive. With the changing restrictions, new guidelines, and even trying to make a profit in what can seem like a difficult situation is not going
Times are tough. As an unpredictable virus makes its way around the world, closing economies and shutting borders, there are bound to be casualties from a business perspective. Currently, 41.3% of businesses report they are closed, while a survey from pnas.org highlights that COVID-19 is the main reason for
Outsourcing is not a new concept, but nowadays the meaning has changed slightly. Many businesses are sourcing entire departments and services remotely rather than hiring in-house staff. Financial services are commonly outsourced because companies then have access to the expertise and resources of an accounting department essentially without paying
BOM (Bill of Materials) is a list of raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture a product. A BOM is the blueprint of a product and is critical to every aspect of its life cycle, from procurement and production control to
Have you launched a new company in the last few months? Are you at a stage where you’ve begun to generate profits, but now you need to refine your processes to increase those margins as much as possible? Then you’ve come to the right place this morning.
Running a remote business has many advantages and several challenges. Perhaps you’ve had to go-remote due to the pandemic? Maybe you were already rocking the digital nomad lifestyle? Either way, to remain successful and grow your company, you need to invest time choosing the right strategies and tools.
In the entrepreneurial world, the 80/20 rule – also known as Pareto’s principle – is one of the most popular and often-talked-about bits of advice frequently given to people interested in creating their own start-ups.
When you’re starting a new business, the excitement is often palpable. You make sure all of your bases are covered. You leave no stone unturned. You want everything to be as efficient and organized as possible so you can hit the ground running and make your way down a
Time is the most valuable resource at any company’s disposal, regardless of the industry or size of the operation. Moreover, the commercial fallout of the Covid-19 pandemic means that the pressure to get this right is now greater than ever. Your first challenge as a business owner is to
It’s tempting, as a business owner to try and do every job yourself. From payroll to marketing, or making your own cup of coffee (okay, you should do that), doing everything is ingrained in your psyche. But, trying to do everything comes with a wide range of risks. Failing