General Business – Page 8

EP106 What exactly is Corporate Strategy?

By by.idun.sophia December 9, 2024Strategy

Defining Corporate Strategy Corporate strategy is the overarching plan that defines an organization's long-term objectives, sets its direction, and guides decision-making across all its business units and functions. It focuses…

EP105 How to decide which costs to cut

By by.idun.sophia December 7, 2024Budgeting

To decide which costs to cut in order to meet a budget, you can follow a systematic approach that balances necessity and impact. Here's a step-by-step guide to help you…

EP103 Marketing Strategy for an Art Gallery

By by.idun.sophia December 5, 2024Marketing

Introduction An art gallery’s marketing strategy must strike a balance between promoting its artists and attracting potential buyers while building a strong brand identity. By leveraging both traditional and digital…

EP102 Top five cashflow tips for small business

By by.idun.sophia December 4, 2024Breakeven

Effective cash management is crucial for the success of a small business. Here are the top five tips to help manage cash flow and ensure financial stability: 1. Maintain a…

EP101 Tell people about our strategy?

By by.idun.sophia December 3, 2024Strategy

Sharing your corporate strategy with employees, stakeholders, and, in some cases, even the broader public is vital for several reasons. It creates alignment within the organization, ensuring that everyone understands…

EP100 How to keep your price high

By by.idun.sophia December 2, 2024Pricing

Several factors contribute to keeping prices high, whether in a specific industry, market, or for a particular product. Here are some key factors: 1. Monitor Supply and Demand Dynamics Limited…

EP86 How to start your own business

By by.idun.sophia November 20, 2024Strategy

Starting a business is an exciting but complex process that involves several key phases. Each phase builds on the previous one and sets the foundation for long-term success. Here are…

EP85 Quickly grow your hobby into a business

By by.idun.sophia November 19, 2024Breakeven

Turning a hobby into a business can be an exciting and fulfilling journey. It allows you to pursue your passion while generating income. However, transitioning from a hobbyist to a…

EP79 Four mighty reasons to calculate a break-even point

By by.idun.sophia November 12, 2024Breakeven

Financial control is essential to running any business, particularly in a competitive market like ecommerce. Applying the break-even analysis formula to your business can be a valuable way to stay…

EP78 How good are your budgets?

By by.idun.sophia November 11, 2024Budgeting

Starting a small business is tough. Bombarded with all the admin and then someone asks about budgets. What is an entrepreneur to do? First thing, don't worry.