Explore our Business Tips category for valuable insights and practical advice to elevate your business. Discover a wide range of topics, including strategies for growth, effective leadership, marketing tips, productivity hacks, and financial management. Our transformative posts provide actionable tips to help you navigate challenges and achieve success in the dynamic world of business. Unlock the potential of your business with our informative and empowering Business Tips posts.
IFC recently reported that there are 37 million SMEs in Nigeria, all of which can benefit from money management. SME finance tips can work wonders, whether a business is micro, small, or medium-sized, so discovering a few trusted cash management tips may be the key to staying in business and growing a company. Generally, cash […]
How Good Cash Management Can Help You Achieve Small Business Goals Read More »
There are many different types of screws, from 316 Stainless Steel Machine Screws made for machinery to specialist ball screws made for aircraft and robotics. Ball screws are mechanical devices that change rotational motion into linear motion. This reduces friction and improves agility. Because of their long threaded shafts, ball screws can handle a great
The Pros and Cons of Ball Screws Read More »
Between 2015 and 2021, Nigerian businesses paid foreign shipping lines an estimated N28.8 trillion (US$60 billion) in freight. The sharp increase in shipping charges last year contributed to this figure, and it massively impacted many small businesses’ profitability. In an environment with strong competition and economic uncertainty, this is a major knock. It’s also highlighted how reducing supply
Improving Business Profitability By Reducing Supply Chain Costs Read More »
The blockchain is an open, distributed ledger. It allows the tracking of digital currency transactions without the need for central recordkeeping or external validation. The blockchain is primarily used in cryptos like bitcoin and Ethereum. However, it also has the potential to be used in other industries as well such as IoT. Since it can
How can Blockchain Benefit IoT (Internet of Things)? Read More »
Managed services are becoming more popular among small- to large-sized businesses. Before we explain the benefits of managed IT services, let’s look at a few statistics that show why they’re important. · Downtime can cost a business over $5000 per minute · More than a third of companies’ IT budgets have increased since the pandemic
5 Clear-Cut Benefits of Working With Managed IT Services Read More »
Businesses, whether they are small or large, must have a business plan, Consider it as a house architecture design You cannot build a house without its architecture, map, or design. Similarly, businesses cannot be established without a business plan, which guides you through the whole business from its start to maintenance and how you should
How to write a winning business plan in 2024 – A Guide Read More »
Business interruptions can cause a lot of harm to a company’s reputation and its ability to remain financially solvent. While there’s no way to completely eliminate the potential for interruptions, business owners can take steps to minimize them. Read on to find six tips to get business owners who want to minimize the impact of
6 Tips for Minimizing Business Interruptions of Any Kind Read More »
Has this ever happened to you? Your business is chugging along perfectly, and then your personal life blows up? Maybe you’re suddenly caring for an ill family member, or you’re the one to wind up in the hospital. Perhaps a natural disaster causes significant damage to your home, and you have to coordinate its repairs.
How to Cope with a Personal Emergency as a Business Owner Read More »
Whether a person is running a small business or taking care of their own accounting needs, mistakes can be costly. When it comes to running a business, accounting errors can be devastating and lead to profit losses and hefty tax issues. Often, accounting mistakes revolve around improper management. It is important small business owners know
5 Common Accounting Mistakes to Avoid: Is It Better to Hire a Pro? Read More »
Automating manual processes supports remote work, improves efficiency, and decreases overall costs. Automated intelligence (AI) performs routine tasks once handled by humans, helping streamline operations and create more meaningful career opportunities while cutting costs for tech-savvy companies. Discover five business automation opportunities and how AI can step in to take care of tedious work previously
5 Business Automation Opportunities: How AI Can Step In Read More »