How to build effective business relationships
The ability to competently build business relations with business partners, customers and competitors is one of the most important elements in an effort to organize a successful business and create…

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What does a business work for and where is the main limitation of profit in retail?
Before we talk about what needs to be done to better manage retail inventory, let's agree on a common understanding of the purpose of any business. Not just retail, but…

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5 cheap ways to motivate employees
How do you inspire people to work without raising their salaries? It turns out that it is relatively simple, as soon as you understand how long the money works as…

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keeping accurate records

Business Planning Tips

Business planning is an important factor for success in any endeavor. However, few small business owners are seriously worried about their business plan. Lack of understanding of the proper level and type of planning is often the cause of an insufficiently developed business plan.

Business consultants, bankers, civil servants, professors of economic institutions – they all tend to paint business planning on 70-100 pages. Continue reading

How to build effective business relationships

The ability to competently build business relations with business partners, customers and competitors is one of the most important elements in an effort to organize a successful business and create a good reputation for itself in business circles.

To build effective business relationships, you must have the following components: Continue reading

Individual entrepreneurship vs. partnership

Novice entrepreneurs can choose: in partnership with someone or independently create an enterprise for them. Let’s look at these two options for creating a business in comparison.

When you start your business, it is important to choose the right legal structure for it. This not only helps legitimize your business, but is also necessary for taxation and licensing. Continue reading

Ways to reduce costs
Every entrepreneur or business owner is constantly striving to increase profits and reduce costs when doing business. And in a difficult economic situation it is more than reasonable to constantly…

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5 cheap ways to motivate employees
How do you inspire people to work without raising their salaries? It turns out that it is relatively simple, as soon as you understand how long the money works as…

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When good ideas bear fruit
“We are a small company with a small team, so we must manage our resources wisely,” this can often be heard from start-up managers. Some, on the contrary, are ready…

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A couple of steps to a powerful investment plan.
When it comes to investment, many people fall into the trap: they buy a couple of stocks here, a couple there, thereby turning their investment portfolio into a vast but…

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