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Ensure Startup Success by Paying Attention to Numbers

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Number don’t lie, pay attention to numbers and don’t be skewed by your emotions when implementing strategies. Think of a founder who fails to seek financial guidance and instead uses his guts and spends money on capital investment which puts strain on working capital. What will happen? Because of ignoring the numbers, the founder fails […]

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Celebrating Milestone as a Startup

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Learn to celebrate throughout the journey for there’s no finishing line in a startup, running a business is a journey and if you wait to celebrate when you hit the big mile you will be worn out before accomplishing your mission. Short goals are worth celebration and it is at this milestone you set new […]

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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 […]

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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), […]

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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 […]

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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 […]

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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 […]

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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 […]

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The Role of a Business Analyst in a Startup

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Narrating business story is easy when you know the process. But as business grows, the process becomes intertwined in a complex operation integrated with other business ecosystem such as vendors. Because of complexity of business system, the startup is likely to miss the opportunity for improving the business process.  Founders can easily miss the touch […]