• Production Planning
    Management

    How to Improve Efficency in Your Business

    All companies want to run as efficiently as possible and this is particularly important in order to keep up in the fast-paced world of business. It is also important to improve the efficiency of your business in order to increase the mentality and therefore productivity of your workers. Smiling employees are far more likely to hit targets providing overall benefits back to the business. So, here are a few tips to help you start making your business more efficient: Clear the Clutter A messy, unorganized desk is not the key to a productive worker! Likewise, an overfilled and cluttered office will not make for a happy workforce – employees who…

  • Conference Room Office
    Management

    How to Relocate Your Business

    You have been working for some time now in the company you started yourself, but it seems that there is no progress. What is there left for you to do but to try to relocate? It might be risky, but it is all you have left. On the other hand, there are those who are successful, and their need to relocate stems from the wish to expand their business. Either way, you want to be as efficient as you can, and accustom yourself to the new environment. Location Influences many Things It is not just about ‘how’ you run your business, but also ‘where’. The new location might be a…

  • Beauty and the Business. Photo by Startup Stock Photos. License: CC BY 4.0.
    Management

    Beauty and the Business: How to Compete and Thrive in the Salon Industry

    The beauty industry is one of the most competitive work forces in America. Many beauty professionals fail to learn the business management aspect of their salons – and this has led to the beauty industry yielding the second highest failure rate of any industry. To truly succeed in the beauty industry, there are four important tips that every salon owner needs to understand before they undertake such a big enterprise. 1. Never forget about social media. Every small business owner knows that social media is pivotal to a fledgling company. But beauty businesses have even more to gain from social media. Since they offer an aesthetic, utilizing the visual aspect of online…

  • Venture Capitalist
    Finance

    Pitching a VC? Don’t Make this Mistake

    Ask any millionaire for the secret to their success, and they will probably tell you that entrepreneurship helped them reach their financial goals. However, starting a business takes money. While it's possible to launch a successful enterprise on a shoestring, many businesses require an influx of capital in order to get off the ground, and that money often comes from venture capitalists (or VCs).

  • Write Business Plan
    Management

    5 Startup Tips From the Experts

    If you’re in the tech startup industry, you might want to start sweating now. According to Wamda, approximately 90 percent of tech startups will fail for reasons including competition, a lack of funding and a lack of overall experience. With all of this stacked against you, you might find it worthwhile to educate yourself on a few startup tips from experts that made it big. Funding is Everything One of the main reasons startup businesses falter is due to a lack of funding. The Guardian provides expert insight on how to procure funding from some of the best minds in the industry. You will need to ask yourself how investors…

  • Write Business Plan
    Finance

    How to Write a Business Plan that Secures Funding

    Simply having a great business idea is not enough, one needs strong capital support from investors in order to make their idea a reality. The best way to acquire funds is to lay out a good business plan as financiers require a solid plan to evaluate an investment opportunity. Through a business plan, you can communicate your new business idea’s potential to investors in a logical and convincing manner. Writing an effective business plan may seem like a tedious task but it is critical in helping potential investors assess the business risks before investing in the company. When working towards building a workable business plan, ensure that it clearly and…

  • Management

    Doing Business Around the Globe

    In the last 20 years, the world has become increasingly interconnected. With the rise of the Internet and better infrastructure, economies around the globe have seen an increasing level of globalism. To succeed in this new environment, the modern business has to learn how to integrate itself with different cultures and target global markets. Businesses should learn the cultural traditions and customs of the area before they start a new branch in a different country.