Understanding your business expenses and how they can cut into your profits is necessary for a business of any size. Some expenses you have may even be unnecessary. Here is a list of common sources of these expenses that can affect your company’s profitability....
If you are finding that many of your customers are using your goods or services once only, you are missing potential repeat sales. Most business owners know that it is far more expensive finding new customers than it is to get repeat business from existing customers....
If you are self-employed then your business is almost totally reliant on you to be fit and healthy every day. Your goal may be to employ staff, including a manager, who can run the day-to-day business activities. But if you are not at that point yet, you really need...
When you run your own business, you are responsible for making sure you can get to work each day to keep the business running. There’s not much certainty in life and with the recent Covid pandemic as a reminder, the unexpected can happen at any time, and your...
Will you get better performance from your employees by providing a carrot where you focus on rewarding them for the quality of their work? Or do you instead introduce a stick to reprimand them for bad behavior? People will always work harder when they are appreciated,...