A business is as complex as a machine, with multiple moving parts and logical principles that keep it in motion. However, no machine is going to function for long without risk mitigation systems. A car without strong suspension is going to be at mercy of uneven roads, and a fire suppression system is nothing without multiple inputs from detecting mechanisms. As such, a business hoping to make headway in a newer industry needs to be the most risk-managed of all. That’s because not only do you have to contend with the very many risks of usual business operation, but also plan against those that aren’t visible yet. In this post, we’ll explore some basic principles and systems to put in place, guiding you through that process.
Read MoreA common problem in business is losing a lead. In simple terms, generation is good but conversion is on life support. Without immediate surgery, the company is going to struggle for the foreseeable future. Let’s take a look at the options on the surgeon’s table. Hopefully, they lead to new blood coming into the business.
Read MoreEvery small business at some time starts to experience a lack of available cash into its coffers, through many causes –having too many product orders to fulfill, keeping employees’ salaries in line with inflation, needing to rent more office space, even keeping disgruntled clients and customers happy by offering discounts. What is the solution to these everyday business problems? You guessed it, regular cashflow - it’s the lifeblood of any business. We are looking into how you can quickly deal with the ebb and flow of cash into your business.
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