Employee relations refers to the management of employees in an organisation. Good employee relations is important to any business; this article looks at management’s responsibilities to workers. As a business grows, so will the need for various skilled personnels. It… Continue Reading
The accounting procedure, from start to finish, follows what is called an accounting cycle. This article will give you an idea of what happens in the accounting process and reaffirm the importance of record keeping. If you are not familiar… Continue Reading
There are a number of free and open source double-entry accounting systems available to cater to the needs of freelancers and small and medium-sized business owners. Below is a list 25 Free and open source accounting software that you might… Continue Reading
It should not matter what type of business you operate, and even if you are a freelancer, it is important to keep track of your work or business expenses. The type of business you operate, the level you are at,… Continue Reading
It is said that leaders are born, but many leaders are self-made. Taking on a business venture will put you in a leadership role; you will have customers, creditors, employees and others to deal with on a daily basis. Your… Continue Reading
Often we hear the terms entrepreneur and self-employed used interchangeably, but they do not necessarily mean the same thing. So who is an entrepreneur and who is a self-employed? Merriam-Webster defines the Entrepreneur as one who organizes, manages, and assumes… Continue Reading
We are now into a new year. For many of us the excitement has already worn off and we are now focused on the list we made of things we hope to achieve. In some instances it is a very… Continue Reading
Email marketing is an important aspect of operating a business online. It is usually a very simple way of reaching your customers on a grand scale, to inform, promote and sell goods and services. Prices vary considerably among providers, each… Continue Reading
Calculating Cost-plus pricing To determine price using the cost-plus method: Cost-plus price = (Total cost of production + mark-up) / Total output For example if you are producing and selling bags and your cost to produce 200 bags was $5,000… Continue Reading
All businesses at various times deal with issues relating to the cost they accrue for acquiring raw material and determining prices which they will charge customers for goods and services. Costing Cost is a necessary part of running a business,… Continue Reading
