WHY BUSINESS FAIL

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Lack of Focus Don’t let your enthusiastic or passion deceits you, focus is needed in business to overcome storms.  Your mental toughness will determine how far you can go. Evaluate your product, your ideas and deeply search into your soul why you want to be in business. Look at your past success and failures, you […]

Business Planning

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We have been taught to prepare a business plan before starting the business. The disadvantage with the approach is that planning in the long term will not guarantee the success. Business environment changes very fast, to the extent that you cannot rely on monthly planning to make informed decisions. Sometimes we bump our heads so […]

Asset Management Ratios

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Asset Management Ratio Assets management ratios measure the company efficiency for utilizing assets to generate revenues; the ratios indicate whether the startup has an optimal amount of assets generating maximum revenues. The startup performance is benchmarked with industry ratios of the firms of similar characteristic. The Asset Management Ratios discussed are Average Collection Period (ACP), […]

Process Improvement

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Running a business requires continues re-evaluation business procedures. This is a proactive approach involving analyzing the current business process and identifying the areas which need improvement within the organization in order to optimize quality, efficiency and improve profitability. The process involves focusing on procedure to implement consistent method of getting the same work done. To […]

System Selection Process

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There’s advantage for startup founders to be acquainted with the process of system selection. The push to stay competitive and to provide good customer service requires that for a startup to survive in a constantly changing business environment, the startup has to keep up with technology evolvement in order to continue improving on efficiency and […]

Performing Business Gap Analysis

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Empowering your business using business process analysis helps capture the gaps and improves the business efficiency. The use of technology can deliver a competitive edge to your organization, the gap in handling paper flow and information can be captured using system integration between different players. A case study for a senior citizen health care provider […]

Virtual Technology

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Technology is a game changer of how we operate, it makes it possible for Startups to tap on global workforce, startups like many other established companies can use virtual technology to gain competitive advantage by hiring talents around the world to deliver services when needed and at affordable cost. As entrepreneur you no longer have […]