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When a business sells a product, the payment terms can be lengthy and challenging to manage. Also, consider the time it takes to ship and deliver it abroad. Often, it takes time to receive payment. Extra energy and time are needed to check customer credit worthiness and obtain references. Almost all sales processes get extended....

As a small business owner, you absolutely must stay up to date on the latest news and regulations about banking in your area. Recently, there has been an increase in bank seizure actions by government agencies across the country as part of their fight against money laundering and other crimes. Although such seizures may seem...

Good employee management strategies are essential for any organization to succeed. Having successful employee relations is key to creating an environment of trust and respect. Which in turn leads to increased productivity and efficiency. But how do you implement positive employee management strategies? In this article, we will explore the different strategies organizations can use...

As a small business owner, it’s important to set clear expectations and goals for your employees. This will help them understand what is expected of them and give them a sense of direction. Employees who know what is expected of them are more likely to be productive, motivated, and engaged. Here are some tips for...

Female entrepreneurs are inspiring. They take risks and persevere in the face of obstacles while supporting each other through mentorship, advice-sharing, and collaboration. By owning and operating their own small businesses, women can find a sense of personal fulfillment. They have control over their work-life, develop skills, and manage opportunities for further achievement. But beyond...

The challenges small business owners face don’t just stop at Covid. In the current economic climate, costs are on a steady rise while revenues remain stagnant or fall even further. This is especially true for businesses that primarily serve local markets with limited options for diversifying their revenue streams. With prices of goods and services...

Are you a business owner? Do you know the ins and outs of the financials of your business? Knowing your business inside and out ensures your company runs smoothly and can grow. If you are running a business, you will likely come across EBIT and EBITDA. These terms measure similar things, as they both refer...