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Businesses operate in an environment that is filled with internal and external threats. Whether it is an economic upheaval, a natural disaster or litigation filed by a disgruntled employee, every damaging circumstance can be detrimental to the company. No organisation can insulate itself from these dangers that are often unexpected and destructive. The COVID-19 pandemic… Continue reading Managing Risk in Business: Strategies for Success
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Buying a business is a smart decision because it eliminates the loss of time and effort that goes into building the company from the ground up. It empowers the buyer to take control of an existing entity that can generate instant income. It allows aspiring entrepreneurs to become the masters of their destinies by finding… Continue reading Due Diligence Checklist: Evaluating A Business Before Buying
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Business acumen is the knowledge that helps entrepreneurs to build a successful company that can withstand challenges and continue to grow. It is a combination of hard skills and soft skills that make the business owner manage the organisation, make tough decisions effortlessly and build a growth path. Budding entrepreneurs must develop these skills to… Continue reading Top 10 Business Acumen Skills You Should Master
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Business ownership is a taxing role that increases stress levels and hampers work-life balance. Most cannot cope with the pressure for a long time and wish to move on to something else. Others start losing interest in the endeavour and have other life goals that need attention. Thus, most established entrepreneurs consider passing the baton… Continue reading How to Prepare an Exit Plan for Your Business
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Every business is built with the aim of expansion and growth. It requires increasing sales by understanding the needs of the customers. Entrepreneurs must strive to boost their revenue instead of feeling complacent after achieving a few milestones. Enhancing the cash flow should be an ongoing process to ensure continued profitability and success. A business… Continue reading Proven Methods to Increase Business Revenue
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Buying a small business is the shortest route to entrepreneurship for driven individuals. It does not involve planning, executing and building an entity from the ground up, which is a financially and physically draining process. It comes with the benefit of taking over an existing venture that has an established customer base, list of suppliers,… Continue reading 9 Frequent Mistakes When Buying A Small Business
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Businesses are built with hard work to grow into thriving entities that generate excellent revenue. These ventures must make their way through various challenges to secure a position in the cluttered marketplace. However, many fail to meet their envisioned goals, and their journeys are cut short because of damaging decisions and strategies. Thus, it becomes… Continue reading 7 Proven Business Growth Strategies that Work
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An entrepreneur is the heart and soul of the business. They carry the responsibility of running an entire organisation and its myriad operations. As the face of the company, they have to liaise with suppliers, customers, stakeholders, partners, investors, and employees. They must have a problem-solving approach and the ability to lead from the front… Continue reading Key Entrepreneurial Skills You Need to Run a Business Smoothly
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A business plan sets the ground rules for a start-up by establishing its goals. It offers guidance and direction to the founders and the employees to accomplish the milestones. Planning helps reduce risk and effectively utilise resources without wastage. Another solid reason for writing a business plan for a start-up is that they can envisage… Continue reading How To Write A Start-Up Business Plan?
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Selling a high-performing business is the last thing that crosses the minds of entrepreneurs. The plan is to leverage the growth curve until the end and exit only when the stagnation period arrives. However, this is the wrong approach to follow when you wish to quit. If you are expecting a high price from the… Continue reading Reasons To Sell Your Business When It Is Thriving
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