Forecasting cash flow is one fundamental aspect of financial management often overlooked by business owners that can have a critical impact on the success of every business. This article from Dun & Bradstreet clearly articulates the importance of forecasting cash flow and the common issues that arise when there are shortfalls in working capital. Cash flow […]
Traditional structures have dictated that businesses have a physical presence to sell their goods and services, be that an office, shopfront or warehouse. Quite often this comes at considerable expense but with advancements in technology, many business owners are now making the decision to actively move towards operating remotely. In addition to saving rent, working[…..]
It’s a staggering statistic, 68% of online shopping carts are abandoned before a purchase is made by people shopping online and is one of the biggest challenges for any online business. This article from PayPal is a very timely reminder of 6 ways online businesses can improve their checkout process to encourage more sales being[…..]
Inventory management is a difficult task and many businesses often struggle with stock control, and problems like shrinkage, excess inventory, and stock-outs. All of these problems end up directly costing the business money plus there is the indirect cost that arises from the significant amount of time being consumed by employees trying to resolve these[…..]