How to Adjust Price to Maximize Profit

You can adjust your price to maximize profit in your business. You should not be afraid to adjust your price to the amount that helps you maximize profit. Over time, you will have a better understanding of the price that best works for you. . The essence of your business is profit maximization. Generating sales is not equal

Continue Reading

How to Set Employee Compensation

Setting your employee compensation and benefits. How do you determine your employee compensation? Do you just follow a minimum wage law or you have your own employee compensation plan in place? Before I go fully into this topic, I want to say that the law regarding minimum wage payment should not be followed blindly. The

Continue Reading

Airtel Customer Care Number: Toll Free

Airtel Customer Care Number provides customers an avenue to reach out to this telecommunication company. Whether you are in Nigeria or India, in this article, we shall provide you with a guide on how you can leverage the Airtel Customer Care Number in order to resolve the issues you may be having. Airtel Customer Care

Continue Reading

How To Set Budget on Marketing

How To Determine The Amount To Budget on Marketing. Now that you know the need to spend money on marketing, you may like to know the amount that will be appropriate to be set aside for this. There is no ‘one fits all’ approach to this.  But generally, amount of a marketing budget can be

Continue Reading

How to Prevent Bad Debts in Business

Preventive measures against bad debts. What is “bad debts”? In a simple language, I will define bad debts as sales made to customers on credit which you are not able to collect. On the other hand, one can say that bad debts are irrecoverable debts. Bad debts as its name implies is bad for any

Continue Reading

Preparation of Financial Statements for Small Business

How to prepare a financial statement for a small business. Financial statements are the outputs of your book keeping and accounting efforts. It can be described as the report card of your business. Financial statements are an important management tool. When correctly prepared and properly interpreted, they contribute to an understanding of financial condition, problems

Continue Reading

Importance of Bank Reconciliation

Why must you perform bank reconciliation? If you have bank account(s), it is very important that you perform bank reconciliation at least once every month. Preparation of bank reconciliation statement is not optional; it is a must for every business owner. When I decided to write about this topic, my mind just flashed back to

Continue Reading