It's an unfortunate fact that many otherwise promising businesses fail in the early stages due to cashflow problems. When it comes down to it, cashflow is mainly about people and systems - get those two elements right, and your business could be on track for a much smoother ride.
If all an employee wants to do is order some paper for the photocopying machine, the process to do this should be easy and intuitive. Unfortunately, most businesses don't succeed at this. But, if you make your procurement process as simple as Amazon and eBay do, staff won’t bypass your systems – they’ll embrace them.
You might see printing as just a simple business process, not one worth spending a huge amount of time on. But if you consider how often a printer is used and how reliant your employees are on printing, you'll quickly realise with this simple process, often comes with a hefty price tag.
Too many people focus on a problem rather than focusing on the end result. This is where a business intelligence solution comes in - by having the right information easily accessible businesses can make informed and innovative decisions.
VoIP may not be as current a topic as social media or mobile communications but it should be taken seriously by small business owners as a reliable tool to help with growth. Here's how it could work for your business.
For businesses, the new financial year can be the natural time to review services, service providers and systems and processes. We asked a variety of experts for their advice for making the right switch in the 2012/13 financial year.
Your business is growing. As you expand your product range, with this growth comes more employees, more data transactions and more historical information to store. There is more weight on the decisions you make, and you need to be more responsive than ever before. This is when you need to make some important decisions about some new systems for your business.