Best Practices of Startup Companies: 6 Ways to Succeed

Best Practices of Startup Companies: 6 Ways to Succeed

For SMEs
What we see today in businesses reflect a huge demand for mobility and flexibility.  Processes like communication, production, and general office procedures are increasingly automated. Top companies had already been doing the best practices of startup companies, and more players are willing to join in the game. This challenge motivates a lot of startups to take on the challenge of innovating products and services that deliver better functionality for investing businesses. It is everyone's game.There is no telling that one startup today can be the next salesforce in the field of business. The secret is, there is no secret! Best practices of startup companies Let your product speak for itself Convenience at anyone’s fingertips is what people are looking for these days. A startup must not forget that its product…
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4 Most Important Productivity Tools for Small Business

4 Most Important Productivity Tools for Small Business

For SMEs
Does your business encounter difficulty in keeping track of all the processes needed for business growth such as employees’ performances, project details, project management, better communication, web analytics, inventories, files and documents sharing, and so on? In this technological age, these problems have simple solutions as there are abundant business productivity tools every SME should have which are available online. These productivity tools for small business are helpful in managing different processes and aspects of SMEs especially those whose operations involve online presence and with clients that are mostly processed through the internet.Top 4 Productivity Tools for Small BusinessDropbox for BusinessDropbox is one of the most important productivity tools especially if SMEs have file sharing processes. This tool enables to save files on a computer and access them from different devices…
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How to Manage a Startup Company

How to Manage a Startup Company

For SMEs
Knowing how to manage a startup company is undoubtedly crucial. Setting up a business entails lots of risks, which when not properly managed could result in damaging consequences such as bankruptcy or failure. Problems in business are common. Hence, business startups must consider them carefully for the business to thrive in a really challenging world. Common business problems and how to avoid them Financial Mismanagement It is understandable in any business endeavor that finances are very important when it comes to starting a business. The lack of it will just lead to problems such as being in too much debt or bankruptcy. According to a study, about 79 % of failures of small businesses have something to do with starting out with little money or lack of financial support.Aside from…
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Review of the Best Accounting Software in the Philippines

Review of the Best Accounting Software in the Philippines

For Accountants, For SMEs
What makes the best accounting software?Choosing the best accounting software that creates business solutions and yet is affordable and easy to use is the key to a successful business enterprise. The best Philippine Accounting Software is easy to understand and apply for a small business accounting system that delivers "automated entries, invoicing, bill payments, expenses reports, financial reports, and reconciliations, not to mention performing advanced tasks, built-in financial reports and data syncing with the point of sale systems and bank accounts." It makes business transactions convenient and time- and cost-saving. An accounting system software provides:reporting and analytics that are easy for owners, managers or investors to understand in coming up with best options in making business decisions or in forecasting business directionsgeneral accounting feature that involves accounts receivable, accounts payable,…
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Expedite your Point-of-Sale Systems with Oojeema

Expedite your Point-of-Sale Systems with Oojeema

For SMEs
What are point-of-sale systems?Point-of-sale systems (POS) are great tools in recording your retail transactions quickly. At the point of sale, the POS calculates the total amount due and generates the receipt for the customer. Basically, it handles the bulk of the daily operations of the store. At the end of the day, reports can be generated to see how much sales was made and how much inventory was moved.Problems faced by storesEach day, retail stores need to move quickly to make as much sales as possible, and the point-of-sale systems help a great deal in this area. But making a profit does not end there. An accounting of all transactions during the day should also be accounted for. Was there emergency buying done? How much did it cost? How was it paid for?…
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Free Accounting Software: Which is Best for You

Free Accounting Software: Which is Best for You

For Accountants, For SMEs
A lot goes into setting up a new business, and this can be pretty overwhelming, especially for someone who is going into this for the first time.Where to start?  How to begin?  Among the many things that need to be carefully planned is how to effectively utilize the startup money.There is certainly no room for error in this area, and it is important to stretch the budget as much as one can.  So it is crucial to know which ones you need to spend on and which ones you can afford to scrimp on without compromising the quality.If there are things you can get for free, take it.  These days there are many available resources that you can get at no cost at all, a free accounting software is one…
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5 Simple Steps that will Increase Business Productivity

5 Simple Steps that will Increase Business Productivity

For Accountants, For SMEs
Let’s face it.  In today’s ever-changing environment, ever-growing consumer demands and expectations, and technological advances, competition in business is fierce. Difficult as it is, the intelligent entrepreneur knows that to increase business productivity spells a great difference for any business.Even big enterprises have learned how important it is to continually be productive in every aspect of the business.What does business productivity mean?Being productive does not only mean that your employees have to break their backs producing the products or services you offer.Nowadays, productivity means increasing efficiency in all areas of work.  Productivity means continuous involvement and engagement.  For the businessman, this means finding the right tools to make work more efficient.  Thus, a huge part of that productivity involves work management.Five ways that increase business productivityAnalyze the situationFind what your…
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Accounting Management System Made Easy

Accounting Management System Made Easy

For Accountants, For SMEs
When one mentions accounting system, listeners automatically think it’s complicated. Hence, for many starting or existing small and medium enterprises, Excel seems to be the easiest solution for simple booking keeping needs and activities, and it will work up to a certain point. The limitations of Excel As a business grows, there are some things Excel functions won’t be able to do. While Excel can simplify your work in terms of finding and sorting data according to date, the client or amount, or that it allows you to structure your bookkeeping contents and categories the way you feel you need it to be, there are certain limitations to what Excel can do. Not to mention that even if Excel is easy to use, there are functions that you still need…
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