While the right ERP solution can work wonders for an organization in terms of productivity and efficiency, the adoption of a new system can be quite a challenging undertaking. It’s a multifaceted process, and companies often have to face obstacles and exercise patience before they’re able to reap the rewards. One of the main challenges […]
According to the SBA (Small Business Administration) Office of Advocacy, around 30 million small businesses are operating in the United States. This translates to one business per every 11 people, which is an astonishing figure. With the business environment this saturated and competitive, survival for small businesses has become much tougher now than it was, let’s say, […]
The internet has given us many things, from the clicks and moments of the ever-connected world of social media to the convenient and resourceful shopping model of e-commerce. The latter has arguably been its most revolutionary offering to date. The e-commerce sector has been thriving like anything. According to data published by Digital Commerce 360, consumers worldwide […]
Nothing worth having comes easy, especially when it’s something as big as implementing a global payroll system for the first time in your company. You’re going to encounter a few challenges along the way. Some of these challenges will be specific to your circumstances, while some will be the same that every multinational faces in […]
The key to becoming a successful entrepreneur is smart thinking and allocation of resources. Before making any decision, entrepreneurs weigh the pros and cons and draft feasibility reports to see if the decision will benefit the business in the long run. Since new entrepreneurs don’t have too many funds to invest, they seek solutions that […]
Accounting can often be an unfamiliar domain for startups. New entrepreneurs usually do not have any idea of what accounting entails and can look lost whenever they have to plan their accounting functions. Some entrepreneurs even prefer to stick to the basics to avoid getting into the complexity of the numbers game. However, just like […]
