More and more people are considering starting their own business. By opening a business there could be a large profit to be made. However, there are losses may occur as well. Some peoples argued that starting a business in a field that they know well would not fail. Knowing if starting a business at all is what most small businesses fail to consider. According to an SBA Study done in 2005, “About 1/3 of Small Businesses fail in the first 2 years, and just over half fail within 4 years.” These statistics are depressing for people looking to start up a new venture. SMEs in successful business networks can generate up to 50% more in gross revenues than firms that work in solitude. However, the most significant reason for this high failure rate is the inability of SMEs to make adequate use of essential business and management practices. Although failures Continue reading
General Business Articles
Getting Your Degree in Business Management
If you’ve always been a take-charge type of person, working in management might be right for you. Leaders in the field hold a variety of roles including human resource managers, CEOs, and market research analysts. But before you’re able to land one of these positions, you need the right skills and also know that this is the right career choice for you. Here’s what you need to know about getting a degree in Business Management. Paying for Your Degree Before we delve into the logistics of the degree, you first need to consider the cost. Tuition will vary depending on the school you choose, whether you already have transferable credits or whether you’re attending college for the first time. If you aren’t applying for scholarships, you could cover the cost with a student loan. These types of loans can be tailored to your specific financial needs. You can use it Continue reading
Common Mistakes Agents Make in the Real Estate Business
With property prices skyrocketing, the real estate industry has become quite dynamic and competitive. In fact, the real estate market is growing remarkably, and the employment of brokers and agents is expected to rise by 7% by 2028, faster than most other professions. In this market, property sellers either conduct all related dealings through realtors or opt for house-buying companies that offer a simple home selling process. The former is much more common, and its smooth flow depends on the competence of real estate agents. Most new real estate agents misunderstand that working in this industry often means going into business for yourself. Whether you’re a beginner or an expert, there are some mistakes that you need to steer clear of to keep your real estate agency off the ground. Let’s explore common real estate agents’ mistakes that kill their home-selling business. 1. Client Communication Proper communication with your clients Continue reading
Strategic Human Resource Management in Health Care
Human resource has been recognized as the most important resource to which any business can have access. Previously, the exact role played by human resources in organizations was underrated due to limited research on the topic. However, with more research on the role played by the human resource, as well as analysis of successful firms, it became increasingly clear that human resource plays the greatest role as far as achievement of organizational goals is concerned. With the advent of globalization, various factors began influencing the business environment such as the use of the Internet, effects of competition, and others. Businesses began changing strategies to incorporate the input from the human resource, as this was the only way they could survive stiff competition brought by globalization and technological change. Strategic management of the human resource is therefore essential for the achievement of objectives and goals in any organization. There are various Continue reading
8 Side Hustles You Can Start Today
Looking to make some extra money on the side? With some hustle and motivation, you can start several promising side hustles today with little investment or experience needed. Whether you want to tap into your creative talents or leverage skills you already have, here are eight ideas to start boosting your bank account now: 1. Do Online Freelance Work Websites like Upwork, Fiverr and PeoplePerHour connect freelancers to businesses or individuals needing help with graphic design, writing, data entry, virtual assistance and much more. Sign up for an account, build a profile showcasing your skills and experience, then start bidding on projects or creating gigs that clients can browse and purchase. This can be a flexible way to monetise your talents within just a few days. 2. Become an Online Tutor If you have expertise in subjects like maths, languages, music or test prep, offer your teaching and coaching abilities Continue reading
How To Improve Your Finances in 2024
Improving your finances is a continuous journey, one that requires dedication, strategic planning, and a clear understanding of your current financial health. In 2024, it’s no different. With a new set of challenges and opportunities, individuals are seeking ways to enhance their fiscal stability and growth. Ensuring you’re on the right path to financial wellness is key to achieving your life goals. Keep reading to uncover insightful ways to strengthen your financial footing in the year ahead. Leveraging Technology and Apps for Financial Management and Savings In this digital age, using technology for financial management has never been more accessible or efficient. Personal finance apps can connect with your bank accounts to give you real-time visibility over your spending and savings. This convenience helps maintain budget discipline and ensures swift adaptations to any fiscal fluctuations. Automatic savings apps take the guesswork out of setting money aside. They can round up Continue reading