Supply chain knowledge is the key to success for any business. Once supply lines are disrupted, it can cost your company an incredible amount of money. When determining upstream vs downstream, it is all about the company’s location. Prioritizing upstream and downstream elements makes you fully responsible for the production…
The global pandemic has impacted so many businesses and tough economic conditions have been too much for some companies with many ventures folding under the financial strain. However, the tough trading conditions have also served to highlight some recession-proof businesses that have continued to make money despite the difficulties in…
When it comes to managing your business, everything can quickly get so complicated when you start to dive into all the dynamic aspects you need to be thinking about. If only business life was as simple as setting prices, making sales, and paying the money into your bank account. In…
A creative mind will get you a long way in any business. Business ideas for women are frequent, but it’s the execution that matters the most. To make your dreams come true, there are a lot of well-known processes that have a high success rate. Start small, and turn your…
Although leadership skills and styles will vary between each person who is in a supervisory role it is clear that there are certain principles of management that remain constant, and that is something that Henri Fayol, a mining executive, had a definite theory on. His general theory of how to…
When the biggest initial public offering (IPO) in history is announced you are sure to be interested in learning what it is all about and whether it presents an investment opportunity that is worthy of your attention. The Saudi Aramco IPO was announced at the end of 2019 and the…
Statistical analysis uses science to coordinate data in a way that unearths trends and patterns. A large amount of information is necessary to get the best results. With several industries depending on the practice of statistical analysis, it has become an important part of daily operations. Understanding the Basics For…
The accounting branch of every business uses a defined system to keep track of the finances. Single, double and triple entry are the choices that ensure all of the numbers add up correctly. But what are the differences that make the double entry system stand out? The changes are subtle,…
Although you could argue that your business has a common purpose regarding the need to drive turnover and profitability upward and you are all focused on the same goal, there is actually a difference between sales and marketing, and they are separate cogs in the same wheel. Here is a…
It is all too easy to use PayPal as the default payment option because it is such a dominating presence in this arena, with well over 200 million customers and millions of businesses using their services. However, there are plenty of alternatives to PayPal that offer competitive rates and services…