The economy, in any part of the world, embarks on diversity and change. Thus, starting a small business is a significant risk to take, not to mention growing and maintaining one. Most startups make do of the resources they have and try to make the best of it. Many would bank on a product or on an idea. However, the most successful of them all possess a very basic tool in business – financial acumen. From a finance expert’s point of view, here are some helpful financial tips that will lead your business to the path of our success.
Setting up a home office is now inevitable. A home office is now a necessity, not just for corporate leaders or academic researchers. In an age where everyone owns at least one computer, a dedicated space for it is also essential. The proliferation of the internet has started the trend of virtual office work and home offices. Often, small businesses start from home and entrepreneurs take advantage of its mobility and cost-efficiency and set up home offices. Traditional corporations have also embraced the virtual office concept and give employees the option to work from home.
Teams and organisations are made up of people. People who are strangers, coming from different walks of life, with different values, personalities and backgrounds. For them to work as a team, you must first form a bond or a connection amongst everyone in the team. People who are amongst friends and people they are comfortable with are happier, will perform better and contribute more to the organisation. Here are easy action items that can help you and your team form stronger bonds and lasting relationships;