Category: For SMEs

It's no secret that more and more startup companies are cropping up these days, catering to a wide range of industries. These startups all share the same dream: to build a product that makes people's lives better - with a bonus of gaining some profit! However, as with all new businesses, challenges arise as the start-up pioneers build their corporation. Since some teams come from a purely technical background, one major challenge is the financial aspect of running their company. So in this series of accounting for startups, we've listed the top five mistakes most newly established businesses make and how you can prevent your team from being thrown into financial chaos. Accounting issues and their solutions Accounting as an Afterthought The first thing that startups should know is that…

The millennials are those born between 1981 to 1997 and are considered the largest generation in the United States workforce today. They create a huge impact on how business and workplaces are managed today. Since they reach millions, the millennials in the workplace are subjects of study to fully understand their common traits, characteristics, behaviors, and attitudes toward work. How they are managed matters a lot in today’s workplaces. Traits of millennials Special They have always been treated as special and important. When they achieve something, they want to be praised and be given positive feedback. Sheltered They grew conscious about safety measures. Confident They are motivated, goal-oriented, and confident in themselves and the future. They see themselves to be great and they brag about their generation's power and potential. They are…

What we see today in businesses reflect a huge demand for mobility and flexibility.  Processes like communication, production, and general office procedures are increasingly automated. Top companies had already been doing the best practices of startup companies, and more players are willing to join in the game. This challenge motivates a lot of startups to take on the challenge of innovating products and services that deliver better functionality for investing businesses. It is everyone's game.There is no telling that one startup today can be the next salesforce in the field of business. The secret is, there is no secret! Best practices of startup companies Let your product speak for itself Convenience at anyone’s fingertips is what people are looking for these days. A startup must not forget that its product…

Does your business encounter difficulty in keeping track of all the processes needed for business growth such as employees’ performances, project details, project management, better communication, web analytics, inventories, files and documents sharing, and so on? In this technological age, these problems have simple solutions as there are abundant business productivity tools every SME should have which are available online. These productivity tools for small business are helpful in managing different processes and aspects of SMEs especially those whose operations involve online presence and with clients that are mostly processed through the internet.Top 4 Productivity Tools for Small BusinessDropbox for BusinessDropbox is one of the most important productivity tools especially if SMEs have file sharing processes. This tool enables to save files on a computer and access them from different devices…

What are point-of-sale systems?Point-of-sale systems (POS) are great tools in recording your retail transactions quickly. At the point of sale, the POS calculates the total amount due and generates the receipt for the customer. Basically, it handles the bulk of the daily operations of the store. At the end of the day, reports can be generated to see how much sales was made and how much inventory was moved.Problems faced by storesEach day, retail stores need to move quickly to make as much sales as possible, and the point-of-sale systems help a great deal in this area. But making a profit does not end there. An accounting of all transactions during the day should also be accounted for. Was there emergency buying done? How much did it cost? How was it paid for?…