Whether it belongs to the primary, secondary or tertiary sector, the creation of wealth is the essence of any company. In order to achieve this objective, it implements various marketing strategies as well as an administrative and financial management policy, while respecting the regulations in force. A successful business management is conditioned by the existence…
Failing to recognize the importance of quantifying a quality problem and measuring it in terms of monetary values will only waste a considerable portion of a company’s operating budget. While there will always be some elements that can affect quality to some degree, identifying methods to improve quality is still important. Ways to Move From…
Are you interested in outsourcing your daily financial activities to a professional as your company grows? Do you want expert advice on business processes and operations that allow you to work smarter and be more profitable? Bookkeeping is an indispensable process for every profitable business. But what is accounting? And how does bookkeeping differ from…
The ease of access to the internet has created a level playing field for retailers, making it simple for individuals and businesses to sell products without geographic limitation. The advent and growth of e-commerce have not only changed the way customers shop but also their expectations of how brands approach customer service, personalize communications and…
Entrepreneurs face an enormous series of business challenges. And in most cases, these difficulties are linked to financial setbacks that hold businesses back and prevent them from moving forward. Without money, our business is a “hobby,” the US tax authorities often say. Our problem is not the lack of money, but what we do with it,…
It’s no secret; entrepreneurs face a whole lot of challenges. And most of the time, these difficulties involve financial mistakes that keep them stagnant and do not allow their businesses to advance. Without money, our business is a “Hobby”, at least that is how the IRS in the United States considers it, many times. It is not…
If you travel or do business internationally, you most likely will need to exchange your own currency for that of the country you are visiting or working with. The amount of money you’ll get for a given amount of your country’s currency is based on internationally determined exchange rates. In this article, we will attempt…
Expressed as one figure in terms of another, ratio and ratio analysis involves the comparison of ratios to assess any weakness or strength of a company. It is a highly efficient method that provides information about a number of different relationships that are not highlighted in a company’s financial statements. They are also used to…
Loyalty programs are intended to reward your best (loyal) customers. Businesses often opt to offer a rewards program so as to retain their current customers and turn new leads into loyal customers. These programs can range from rebate programs to earning points, and many more to incentivize sales. However, there are certain pros and cons…
As a business owner, you have to tackle the stress of profit-making, customer satisfaction, employee productivity, market and so on. But, when it comes to handling the most daunting task, tax management, why don’t you leave it in the hands of professionals? #1. More Time Available to Build Business Strategies When it comes to the…