Starting Your Personal Business

Owning a personal business is a dream of many people. Personal business is an option to consider if you desire true freedom. Almost everybody working as an employee wants to be liberated from the dictates of their employers. They want to do things in their own ways if only they are the owner of the business. But unfortunately, this remains an unachievable dream till they reach their retirement age. Some believe that they would start their own personal business after attaining retirement age but they soon realize that what stopped them from starting their own personal business when they were Continue ReadingStarting Your Personal Business

How to Increase Sales in Small Business

You can easily increase sales by following the following tips. Every business craves to increase sales figure. They want to record a higher sales figure than the previous year irrespective of the scale at which they operate. A million dollars business wants to achieve multimillion dollars; multimillion business wants want to enter into its billion, billion dollars business wants to become multibillion and so on. No one wants to remain at the same spot. But how can a business move from one level to the other? In another word, how can a small business increase sales? One of the means of determining Continue ReadingHow to Increase Sales in Small Business

How to Write Feasibity Study Report for Small Business

Format and Content of a Good Feasibility Study Report as Required by the Bank of Industry. Whether you are writing feasibility study report for your small business or you are engaged as a consultant to write a feasibility for another person, you need to get it right. Otherwise, its objectives will be defeated. Feasibility report is the output of your research and field work about a particular venture to determine when the it is worthwhile or not. The feasibility study report will determine whether further step such as raising of capital or investment decision will be taken. If investment decision Continue ReadingHow to Write Feasibity Study Report for Small Business

Email Marketing Tips for Small Businesses

Email Marketing Tips for Successful Campaigns. If you have not been using the email marketing tips we provide in this article, it is likely you have not been getting the good results from your marketing campaigns. And if you have had a good success rate, I believe you can still achieve better results by following these email marketing tips. Have a privacy policy. You should have a privacy policy and ensure you keep to it. All information you will collect from your subscribers will be given on trust. Therefore, you should maintain their privacy.  Don’t breach their trust. Read Also: How Continue ReadingEmail Marketing Tips for Small Businesses

Working Capital Management in Small Business (Part 2)

Availability of working capital is necessary to keep the business going. I started this series with Working Capital Management in Small Business (Part 1). This is the continuation of the topic. With the understanding that working capital is the difference between current assets and current liabilities, it becomes easier for you to come up with strategies on how to improve your working capital. We shall look at some elements of current assets and current liabilities and how you can manage them so that you can maintain positive cash flow. Current Assets Inventories: What constitutes your inventory will largely be determined by the Continue ReadingWorking Capital Management in Small Business (Part 2)