As a founder of a small startup, you know the importance of setting yourself on a trajectory toward massive growth.  While there’s some value in intuition, the most successful companies utilize data in everything from marketing to financial systems.  When you make decisions based on data, you can overcome challenges you might not have even known you’d face when you started your company. How exactly can data lead to better growth? Let’s get into the power of data and how you can implement it into your startup’s growth strategy. Why Focus on Data-Led Growth for your Startup? With comp ..read more

In the current cutthroat market, it’s becoming increasingly critical to optimize business operations, especially in financial areas like accounts payable (AP). A smooth AP system is vital because it influences a company’s cash flow, its dealings with suppliers, and its overall financial stability. Yet, it’s surprising to note that many companies still haven’t embraced full automation of their accounts payable functions. As of 2023, only about 9% of AP divisions were fully automated. However, expectations are set for a sharp shift, with two-thirds of finance experts predicting complete automati ..read more

In today’s competitive business landscape, mastering proposal management is essential for winning more deals and securing valuable contracts. Effective proposal management involves streamlining the process of creating, organizing, and tracking proposals to maximize efficiency and success. In this comprehensive guide, we’ll explore strategies and best practices for leveraging proposal management to win more deals. Understanding the Importance of Proposal Management Proposal management is the systematic approach to creating, submitting, and tracking business proposals. It involves coordinating v ..read more

Are you starting a new business venture with your partners? Congrats! This should be a lucrative turn for your financial journey. It is important for everyone to be on the same page and stay completely clear about the terms and conditions. Things like routine operations, share of money, and business procedures should be documented for later use. All these important details are enclosed in a document called a partnership agreement. In simple words, a partnership agreement states how a business will function under the supervision of partners. This document possibly provides answer ..read more

It is actually possible to evaluate an idea. To determine a business idea’s feasibility, a study is carried out, usually by a professional business consultant. The focus of a feasibility study is to evaluate a proposed business venture against existing competition, market demand and other relevant factors. In this article, we go over what factors should be considered, while investing in a new business. About the reviewer Alex Silensky, co-owner of OGS Capital, a leading business consulting agency, has years of experience in consulting businesses in questions of fundraising, feasibility evaluat ..read more

Ever dreamt of being your own boss, calling the shots, and building something from the ground up? That dream can become reality by buying a small business. The freedom and challenge of running your own show are incredibly appealing, but before you dive into the buying process, a crucial step awaits: due diligence. Buying a business is a significant financial decision. Imagine buying a house; you wouldn’t purchase one without a thorough inspection, right? The same applies to businesses. Due diligence ensures you understand the ins and outs of a particular business opportunity before you invest ..read more

Have you discovered the power of automation processes in your business yet? The world we live in heavily relies on technology to streamline processes, improve quality, and produce excellent end results. So many industries rely on automated processes to improve safety, efficiency, and productivity in control rooms. But do they all embrace it in the same way? Actually, some industries need automated processes more than others, and they’re not all equal in their need for technological help. But which ones are the easiest, and which ones are the hardest? In the following sections, I’ll share with ..read more

An account manager position in software development is of great significance. Being the key player that connects development teams and clients, therefore, these professionals are integral to the direction of project management. These are communication skills and the ability to establish and maintain client relationships. These are the assets to the success of every project. In this article, we go over various aspects to consider, when running an IT company. Success or failure depends on the client-development productivity flow. This includes checking that project goals are met and that the wor ..read more

For business owners, the art of drawing customers in goes beyond the quality of your products or services. It’s about the first impression, the ‘hello’ before the handshake. And in the local architecture of a city, your business’s silhouette is a voice in a larger, harmonious conversation or, perhaps, the bold, charismatic soloist that stands out against the crowd. Whether you’re nestled in the warm brickwork of a bustling downtown or set against the pastoral calm of a rural hamlet, understanding and integrating local architectural styles can profoundly impact your business’s curb appeal and ..read more

In this busy modern workplace, efficiency is crucial. Companies are always looking for ways to make processes smoother and reduce clutter. One area that could really use some modernization is how new business information gets brought into the company. Traditionally, this has involved a lot of paperwork – contracts, invoices, receipts, and more gathering up in piles. But what if there was a way to get rid of all that paper and go fully digital? In this article, we go over the many benefits that come along with going paperless. This is where office scanners come in. These handy devices can quick ..read more