If you want your small business to be successful, it's essential to know what makes it unique. Finding the correct niche for your small business is vital when it comes to finding customers and achieving your business goals. But finding your market niche can be trickier than you may think. Even if you're confident you … Continue reading How To Find The Correct Niche Market For Your Brand
In an era of Big Data, small, mid-sized, and enterprise businesses face an ever-increasing challenge in the form of data duplication. Redundancy is nearly impossible to avoid, and it is estimated that “dirty data” (including partially or fully duplicated information) may encompass as much as 20 % of any corporation’s database. What is Data Duplication? … Continue reading The True Cost of Duplicate Data To Your Business
An approved vendors list may seem like the obvious way to streamline procurement processes and cut costs through leveraging pricing, but there are pitfalls to using only a select group of vendors to meet your company’s supply needs. Weighing the pros and cons of a more or less ‘closed’ vendor list versus an ‘open’ on … Continue reading Does an approved vendors list stymie innovation?
Deciding to start a business means asking yourself a lot of questions: What service or product will you sell? Where will your business set up operation? Can you run a home-based business? Will you need a brick and mortar set up to be successful? What business structure will be most beneficial to your company? Choosing … Continue reading Sole Proprietorship vs LLC: How Business Structure Can Affect Bookkeeping Needs