In business, running a lean and efficient operation is a key principle of success. In a crowded marketplace, you can’t afford to waste resources. It’s in every business’s best interest to trim waste and to constantly think about ways to improve and streamline organizational … [Read more...]
How to Do a SWOT Analysis of a Small Company
Today, we propose to consider what a SWOT analysis is, as well as the definition and methods of its implementation. After all, every business must constantly adapt to changing market conditions and trends. But, before changes, it is worthwhile to study your enterprise and analyze … [Read more...]
The Collective Side Effects of COVID-19 – An Analysis
Akin to its century-old predecessor, the Spanish Flu, the COVID-19 Pandemic has brought to light some of the direst medical and social fallacies of our contemporary society. While life has adapted to what we now perceive as ‘the new normal’, the rippling impact of such an … [Read more...]
Six Financial Metrics Every Business Owner Should Review
Business owners have dozens of reports available at the click of a button, but some basic metrics can help you make smarter business decisions. Here are six metrics every business owner should review each month. #1 Contribution Margin The contribution margin formula is … [Read more...]
How to Identify a Gap in your Market
Spotting a gap in the market gives budding entrepreneurs the opportunity to be innovative, which is necessary for business success and growth. Unfortunately, one great business idea isn’t enough to rival the competition, and so companies are forced to continue innovating to adapt … [Read more...]
