Every business requires capital to generate revenue. Capital refers to the investment required to run an enterprise. Calculations based on the total sales and the money available for the business reveals crucial information regarding the success or failure of the said business. Working capital turnover ratio is one such calculation, which can determine the profitability […]
In today’s business world, accurately managing your inventory is a crucial aspect of all your business processes. And with this comes the dire need to integrate the best Inventory Software that best meets your business needs. Therefore, creating an ideal inventory process workflow that makes this possible is a critical step in the optimization of […]
If you’re a produce business owner, there are several accounting requirements that should be top of mind to not only maximize your revenue opportunities, but stay organized and compliant while doing so. Without a proper understanding of bookkeeping basics, it can be difficult to make sound financial decisions. To help guide you in the right […]
The size of the global retail market is expected to reach almost $28 trillion by 2022. The exponential growth of this sector is as a result of rising disposable incomes, positive changes in consumer preferences, and the increasing number of large retailers in the industry. As the retail industry continues to expand, investors are constantly looking for […]
Data is more valuable than you really figure it out. It includes the ability to help improve your whole supply chain system. Arranging and using data can improve operational effectiveness and help to coordinate your business frameworks to convey higher benefits. Data patterns from sources like deals, stock, satisfaction reports, and so on can give […]
What is IoT? Internet of things is a technology via which, a network of interconnected smart devices can ‘talk’ to each other and can be programmed to do various tasks. Our smart homes are due to IoT technology, which enables IoT devices like smart alarms, intelligent switches, sprinklers, thermostats, and other tools to connect with […]
It took 7 years for the European Commission to set up a regulation that applies to every company but have hit the hardest to companies that deals in large amount of consumer data: marketeers, technology firms, and data brokers. Nowadays, if you are indulged in online business, whether you have an ecommerce website, or you […]
Running a business isn’t an easy feat but operating a startup can prove even harder. Startup owners face many setbacks and challenges on their road to entrepreneurial success, particularly when it comes to cash flow. Thankfully, there are some funding options when it comes to boosting your startup, namely in the form of unsecured business […]