An accounting system is an important part of any business. It may assist you to identify cash flow issues, protect your assets, improve efficiency, keep track of income and expenses, and produce solid reports. Ultimately, a good accounting system produces data and reports can help decision makers make more informed decisions about their company and [...]
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Competitive Advantage of Customer Service for SMEs
A commitment to customer service is more than a statement in your companys vision or mission statement, it is an integral marketing strategy for the success of your business. Brenda Lockyer explains further how important customers are to any business. A customer is the most important visitor on our premises, he is not dependent on [...]
read moreStart-Up Growing Pains: When to Hire More Staff
While it is true that an additional employee can help your business flourish, hiring staff at the wrong time or for the wrong reasons can also be disastrous. Expanding human resources is an essential step in fostering and growing an organisation, says Justin Williams, who offers some insight into a dilemma that most, if not [...]
read moreIs a Business Plan a Waste of Time?
The traditional view has always been that preparing a business plan is a first step in starting a business and most business schools teach this approach. However, many experts are now challenging the conventional wisdom that a business plan is essential for your start-up. Entrepreneurial mentor Curtis Avery examines the pros and cons of both [...]
read morePreparing to Open a Small Business in Qatar
Considering Qatars rapidly expanding economy, the country winning the bid to host the 2022 World Cup, and growing support from officialdom, for the SME sector there may be no better time to start a business in the country. Arlin Friesen and TheEDGE take a look at what foreigners wishing to start a new venture in [...]
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