Pros and Cons of Selling on Credit on Working Capital. There will be a mix in your sales. Some will pay cash while some will buy on credit. Selling on credit is almost inevitable in business. Some factors will necessitate that you sell on credit. You may need to sell on credit because you want to maintain a closer relationship with the customers or as a result of the increased competition. It may even be that competitors are giving out credits. So, if others are selling on credit and you don’t, you may possibly lose customers to competitors. Before you Continue ReadingEffects of Selling on Credit to Customers in Small Business
How do I start my own perfume business? I was reading about perfume business last Saturday and was surprised when I learnt about how huge the perfume market is. Then I started counting the number of bottles of perfume I have used in this year alone. By the time I added the number to that of my wife, I also made an estimate of how many bottles of perfumes other people in our family must have used this year, the number is staggering. Everybody wants to smell nice. And one of the ways of achieving that is through the use Continue ReadingHow to Start a Perfume Business
Starting a Coffee Shop with little capital. Starting of coffee shop seems to be one the small business ideas that people are just discovering. Coffee is one of those things that some people cannot but take every single day. If you live in the city, you must have noticed that people usually rush out in the morning so that they can quickly get to their work place. This class of people will either dash into coffee shop on their way to work or go to the one that is close to their work place. What is important is that they Continue ReadingHow to Start a Coffee Shop Today
Like to start your own business? If you are reading this post, it is either you are contemplating starting your starting your own business or you have already started one. Whatever stage you are, it is never too late to sit down and ask yourself this question: “Why do I want to start my own business?” If you have already started, then the question will be: “why did I start my own business?” This is the question you need to provide an answer to. The question is actually begging you for the right answer. Until you are able to provide a Continue ReadingWhy Do You Want to Start Your Own Business?
A step by step guide on starting an event planning business. Event planning business is one of the small businesses that can give you high profits if you know how to plan events very well. I was privileged to work in the event marketing company. I was amazed to learn how some people make huge money from something other people may regard as just a fun. Though, no matter how lucrative the event planning business is, it is not for all comers. For an example, despite the fact that I worked in an event planning business for more than five Continue ReadingHow to Start an Event Planning Business