Causes of Poor Cash Flow

Causes of Poor Cash Flow

Your small business needs a stable cash flow management strategy to maintain operations, pay employees and suppliers, develop products, and sustain profitability. Poor cash flow has a negative effect on all aspects of your company. If you fail to address this problem...
Benefits of Inventory Management

Benefits of Inventory Management

Are you wondering why you have too little or too much of certain products? This may lead to spoilage, damage, or loss, all of which have a negative impact on your profit. You’re ordering too late or too soon, overstocking products that have low demand, or you often...
The Importance of Data for Small Businesses 

The Importance of Data for Small Businesses 

Small business owners have a narrow margin for error because of factors such as limited resources, fewer employees, and a niche market compared to bigger companies. However, this doesn’t mean they can’t compete. It’s easier to access and collect data that gives...
Improve Inventory Management with these Tips

Improve Inventory Management with these Tips

Are you wondering why you always have too much or too little of certain products? Poor inventory management is one of the reasons such a problem exists. You might be unaware of low or high stock or lack the data or system to track the popularity of certain items in...
Effective Ways to Tell a Story with Data

Effective Ways to Tell a Story with Data

Laying out numbers to your target audience that your product or service is the best may not convert them into customers. Your claims won’t get the attention it deserves if you fail to integrate it into a convincing story. Data driven storytelling elicits an emotional...
Ways to Use Data for Small Business Growth

Ways to Use Data for Small Business Growth

Many big and small businesses are using data to gain a competitive advantage in their chosen niches. Entrepreneurs like you can use data driven strategies to grow your business and possibly lead your niche. Extracting the right data, analyzing, and interpreting it has...