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Ways to Create a Small Business Financial Plan

Ways to Create a Small Business Financial Plan

by Stephen Joshua Berida | Feb 15, 2022 | Business Growth, Success Tips

Preparation and planning are important to the success of a small business because of its small margin for error. Owners need to have a plan they can turn to whenever they encounter problems. A small business financial plan enables you to set and achieve goals for your...
Ways to Boost Your Small Business Financial Position

Ways to Boost Your Small Business Financial Position

by Stephen Joshua Berida | Feb 1, 2022 | Business Growth, Success Tips

Your small business’ financial position may determine its trajectory. Poor cash flow can cause low supply, low quality products, and high employee turnover rate. You need to find ways to maintain or improve your company’s financial position. Doing so provides you with...
The Advantages of Using the First-In and First-Out Method

The Advantages of Using the First-In and First-Out Method

by Stephen Joshua Berida | Dec 21, 2021 | Business Growth, Small Business Tips

As a small business owner, you need to manage your inventory in a way that you reduce or eliminate shrinkage. Poor quality products ending up in the hands of your customers have a negative effect on your reputation. You might lose customers and never get them back....
Advantages of Renting a Warehouse for Your Business

Advantages of Renting a Warehouse for Your Business

by Stephen Joshua Berida | Dec 7, 2021 | Business Growth, Small Business Tips

Your growing small business may experience increases in sales during peak seasons or it has already sustained a certain number of regular customers. In such cases, you will need extra storage space for the additional inventory you will purchase to fulfill demand....
Ways to Measure Business Profitability

Ways to Measure Business Profitability

by Stephen Joshua Berida | Oct 26, 2021 | Business Growth, Small Business Tips, Success Tips

Profitable small businesses do things in certain ways that lead to success. They know how to adapt to situations, have clear objectives and have ways to measure profitability. Your company may see an increase in sales, but this might be fool’s gold. You might be...
Avoid These Mistakes when Managing Inventory

Avoid These Mistakes when Managing Inventory

by Stephen Joshua Berida | Sep 28, 2021 | Business Growth, Small Business Tips

Small business owners have a thin margin for error. They need to maximise every dollar they make to keep their business going and make it grow. The way you manage inventory has either a positive or negative effect on your growing company. A few mistakes can accumulate...
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