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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....
Avoid These Supply Chain Mistakes

Avoid These Supply Chain Mistakes

by Stephen Joshua Berida | Nov 23, 2021 | Small Business Tips, Success Tips

Small business owners need a reliable supply chain to maintain inventory that meets the demand of their customers. An error along the line may cause disruptions that affect your company’s supply. This has a negative effect on your sales and profits. It is important to...
Improve Billing with These Tips

Improve Billing with These Tips

by Stephen Joshua Berida | Nov 9, 2021 | Accounting Tips, Small Business Tips

Small businesses should send billing statements to customers on time. If a customer doesn’t receive it, they won’t know their due dates. Late payments have a negative effect on your business’ cash flow. That’s why it’s important to improve your billing process. Doing...
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...
Tips on Starting a Small Business with Little Capital

Tips on Starting a Small Business with Little Capital

by Stephen Joshua Berida | Oct 12, 2021 | Small Business Tips, Success Tips

Are you planning on starting your own business? One of the hurdles of many entrepreneurs is capital. They think they need a substantial amount of cash to get started. However, it is possible to start a small business with little capital. You have to be smart with your...
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