Things NOT to do, and things worth considering. As a follow-up to ‘How to Build a Business that will Last’, this article examines the top five reasons why startups often don’t succeed and thrive based on research. The final tip is my opinion crafted from 40 years of...
2020 has been a year of surprises for businesses scrambling to adapt to change inflicted by virus lockdowns. PPC media spends across many platforms have shifted towards more predictable organic search engine optimization efforts. Most businesses are confident they can...
After 40 years of running SME businesses in the software technology space, I would argue that the CEO skills needed during the early stages of business development are different than those needed once the business is up and running.
Recent statistics indicate the rate of business failure in the U.S. is increasing. Approximately 32% of us won’t be around in five years’ time! Researchers have analyzed why some companies survive and thrive longer than others; their findings show that SMEs stand the...
If you have ever wondered, “what is inventory in accounting” and would like to learn a bit more about common inventory functions in manufacturing and warehousing, here are some answers to commonly asked questions: What is inventory accounting? Inventory accounting is...
https://youtu.be/FJ1kp29RBmg Spreadsheets are typically the main information management system used in the early stages of any business. Finance usually moves to a dedicated system first, with QuickBooks selected as a low cost, proven and accepted way of managing an...
This is the first in a series of INSIGHTS where we look at businesses around the world that do things a little bit differently, just to give you some ideas to think about in your business. Role Model 1 – Timpson (UK) www.timpson.co.uk Timpson is the UK and Ireland’s...
Justin Ptasnik from our Implementation & Support team shares his tips for working with SOS Inventory: There may be occasions in your business where a customer sends a product back and would like to receive credit for the item. There are various methods of creating...
As a small to medium sized enterprise, SME, your first concern in a market slowdown is obviously survival. You will have a sea of issues facing you that occupy your time, and they will easily occupy all your time if you let them. Don’t let them! Carve out some...
One of the great benefits of being an SME is having the ability to react quickly. If you are the entrepreneur driver, you are undoubtedly plugged into your market, can see the twists and turns that are coming towards you and can react and thrive, whereas the bigger...