Written by Korsell
Keeping loyal customers is less expensive than getting new ones. Research shows that it costs about five times more to attract new customers than to retain existing business. Satisfied customers become devoted buyers when a business is trustworthy and provides good customer service. By developing a relationship with your customer and earning their trust, they … Continue reading “THE NEED FOR HAVING GOOD CUSTOMER RELATIONS”
Written by Korsell
When it comes to being your most productive and efficient self at work, proper time management is a must. Time management is a skill that nearly every employee should have. But it can be challenging to develop. So what is time management? And why is it so important for employees?Time management is the practice of … Continue reading “THE IMPORTANCE OF TIME MANAGEMENT TO A BUSINESS.”
Written by Korsell
‘For your business to work for you, you need to make yourself replaceable’. There are several proven strategies to run a successful enterprise. But what if the business runs you? ‘Own the business; don’t let the business own you’.What does it really mean? Some owners answer by asking a question. If you decide to step … Continue reading “MANAGING YOUR BUSINESS.”
Written by Korsell
Bookkeeping is important for any kind of business whether it is small or big. Keeping your financial records makes it easier to locate and provide to appropriate parties. Bookkeeping is important because it helps with business analysis. It is a tool used by management to analyze business performance. Poor bookkeeping can be mayhem for a … Continue reading “THE IMPORTANCE OF BOOKKEEPING IN A BUSINESS.”
Written by Korsell
Financial management is very important in any business. The reason being that, it is to maximize the wealth of owners. All businesses aim to maximize their profits, minimize their expenses and maximize their market share. There are four recognized element of financial management. These are; planning, controlling, organizing and directing and decision making. The four … Continue reading “MANAGING FINANCES IN YOUR BUSINESS.”
Written by kccadmin
Psychology has a great impact in any business. Psychology is critical to the workplace. It helps managers at all levels of organizations select, support, motivates and train employees. It also helps businesses design products, build better workspaces and foster healthy behavior. Psychology helps a lot in business because it can explain why workers act the … Continue reading “THE PSYCHOLOGICAL CONCEPT OF A BUSINESS.”
Written by Korsell
There are so many challenges that sole proprietors come across in the course of their business. A one man business comes with a lot of advantages but it also has disadvantages. Many people tend to engage in this kind of business since they get to make their own decisions and they can also terminate it … Continue reading “TACKLING THE CHALLENGES OF SOLE PROPRIETORSHIP BUSINESS IN GHANA.”
Written by Korsell
Every business needs a business consultant;Businesses in all industries can benefit from working alongside a business consultant. Many new companies understand the importance of hiring a consultant right from the start. Consultants can help new businesses set up their accounting, develop business processes and hire talented staff. Established businesses can also gain many advantages from … Continue reading “The purpose of business consultants and the need for every business to have a business consultant.”
Written by Korsell
A startup is a new established business founded by one or more entrepreneurs to develop a new product or service and bring it to the market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from founders or their friends and families. Startups need outside experts who can do … Continue reading “Why do startups need business consultants?”
Written by Korsell
Ghana is one of the countries with the fastest growing economy in Africa. Now you may want to know the potentials and fundamentals of doing business in Ghana. With a strong mineral resources sector, cocoa industry, consistent government policy, recent oil discoveries, friendly business environment and a free trade zone for foreign companies; Ghana is … Continue reading “BUSINESS OPPORTUNITIES TO CONSIDER.”
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