The sharing economy has proved to be a lucrative venture for startups with imaginative twists on stale industries. With recent talk of companies participating in the UK sharing economy making annual revenues of around £9bn by 2025, there will be plenty looking for a slice of the pie. But as startups start to flood various…
More businesses are crossing cultural boundaries (and thus language barriers), than ever before. This is making significant demands on how people in the business world communicate. Not only do you have to be well versed in your field of speciality, you will also be expected to ensure your messages translate well into other languages and…
Running an SMB can be a balancing act and it often takes some trial and error before certain things fall into place. Unfortunately this also applies to invoicing where any potential trial and error can quickly impact cash flow and seriously impede the efficiency of your business. So when it comes to invoicing, the margin…
The proliferation of the internet and the rapid development of technology throughout the world over the last 25 years has undoubtedly had a profound and fundamental effect on the way that we live. Its effect on accounting for the small business owner has been just as deep and far-reaching. Cloud computing, social media, and accounting…
Here are just a few common misconceptions newbie entrepreneur outsourcers have to deal with before and after hiring a VA: 1. Insisting they must know how to do 10 different specialized tasks to perfection… “The ideal candidate must be able to write blogposts daily, perform SEO, be a social wizard, source and edit interesting high-rez…
There are a lot of giants in the big bad world of the internet. Amazon stomp around with the veracity of a mad king, Google rules the roost and enforces it with an iron fist, and Netflix (the young upstart of the crew) takes over the entertainment industry like some kind of Iago-jester. How are…
Social networking platforms and blogs are constantly used every single day, for business and pleasure. This naturally provides perpetual opportunity for online defamation. If you are a small business owner, online reputation defamation is a real concern. Keep in mind that anyone, anonymous or not, can post or say anything they feel like saying about…
Even for small businesses, Human Resources is very important. To make sure you run your business successfully and avoid any potential pitfalls with your employees, there are some basic steps you should take. Here are seven simple steps for successful small business HR: Recruiting an employee Understanding the need of your business is the first…
It is such a shame to notice the fact that most small business managers do not actually understand much about branding. You need to realize the fact that brand is what differentiates you from your competition. Securing business is all about brand recognition. Customers will not buy something if they cannot actually remember what the…
The advertising industry has come a long way. As companies began to produce more goods that we didn’t know improved our day-to-day lives, they relied on their ability to introduce new products to a market and successfully make it a household name. When the cost of manufacturing declined, marketing budgets rose and through the years…
