Making your first profits is an exciting time for every business owner. But what do you do with your first dollar(s)? Do you spend it on a party for your employees? Do you use it to treat yourself as a reward for your hard work? There’s nothing wrong with doing so. But if you want…
The current health crisis is hitting business hard everywhere. For example, even large companies in Australia are chafing from border restrictions. Meanwhile, smaller businesses have had to make harsh decisions to stay open as they continue to operate at reduced capacity. You may be tempted to enhance your brand awareness at this time. After all,…
Congratulations! Now that your startup business is making a profit, it only means your business is thriving. While this calls for a celebration, there are more important things you need to take care of now that you are finally enjoying the fruits of your labor. This includes deciding on how to make the best use…
A time and attendance system is used to track working hours and attendance of employees which plays a very important role in an organisation. These systems record every leave and break taken by your employees throughout the working period. Although most systems have similar functionality for different types of organisations, some businesses use them differently…
It’s no secret that the market has changed, and today it is no longer possible to work like yesterday and get the same results. Some companies shrank and stopped in complete fading, someone continues with the same activity, and someone looks to the future and boldly invests in new directions. But how can you benefit…
For many young entrepreneurs, it can be relatively easy to generate new ideas to solve a particular market need. However, it’s a different thing to validate an initial business idea. Startups often fail because they can’t get past the blueprint phase. As a young entrepreneur yourself, what are some helpful strategies to go further and…
In 2020, the COVID-19 pandemic swept the world and forced society, and humanity as a whole, to rethink the way it lived. This included redefining how we did business and how certain industries would move forward in the ‘new normal’ of social distancing and quarantines. Perhaps most affected by this are small business owners who…
We all have to be thankful for the invention of the world wide web. It has revolutionized a lot of things. It has given us a myriad of options when it comes to communication. There are sites that offer services such as email, instant messaging, voice and video calls. The telephone with the trunk line…
Perhaps next to artificial intelligence and big data, nothing boggles-and excites-the mind than 3D printing. The idea that one can already build many things, from gear to a house, sure sounds lucrative. But what’s the real picture? Where are the world in developing such technology? The Impressive Growth of Additive Manufacturing The popularity of…
There is no denying that your workers put in a lot of effort into making your products. But there are limits to muscle power. People tire, which means they make mistakes and slow down. This can slow down your output in your factory. If you want to ensure that your manufacturing output only goes up,…