What does SWOT stand for in business? The SWOT analysis is a great way to get your business on track. In this article, We will answer the question: What is a SWOT analysis? We will explain the impact of a SWOT analysis as a tool for marketing and business management. …
How to Rebuild Finances After a Tough Year.
A lot can happen in one year — excellent endeavours and success, but sometimes, a curveball. Like many people, you may have experienced some financial setbacks this past year. Maybe you lost your job, had to cut back on hours, or incurred an unexpected expense, and are now asking “How …
Why Business Budget Planning Is So Important
Budgeting is one of the crucial aspects of running a business. The efficiency of a business owner’s budgeting process determines how successful a small business will be. Business budget planning, one of the last stages of the budgeting process, is one of its most essential components. Remember that budgeting estimates …
Customer Retention: Identifying the Right Approach
Business owners have a lot on their plate. You know the struggle, from chasing new customers to ensuring the inventories last for the next season. But there’s one problem entrepreneurs know all too well; customer retention. The rise and fall of businesses rely on how well they can ensure customers …
B2B vs B2C vs D2C: How Business Models Differ and Why It Matters for Your SME
Business is an ancient practice that began in the earliest civilizations. Back then, the top commodities produced metalwork and meat. Compared to modern-day business, a lot has changed, from the goods sold in the market to how it’s marketed. The business industry has evolved because sellers can capture opportunities with …
Five FinTech Trends to Look Out for in 2023
2023 is projected to be volatile for the economy – both global and Malaysian. Both the World Bank and the International Monetary Fund (IMF) predict an economic storm cloud to hit. Their chorus is joined by the World Trade Organisation (WTO) and the World Economic Forum (WEF). Geopolitical conflicts, the …
How to Prepare for a Recession
Preparing for doomsday is not something most people think of doing. It would be best if you focused on shelter or food but also prepared for a recession. The nation’s overall economic output decreases during a recession. According to the Department of Statistics, since the peak of the Asian financial …
The Omnichannel Marketing Guide for SMEs
You must have heard the term “omnichannel” thrown around, but what is it? Many people believe it’s beneficial for small and medium enterprises (SMEs); is it true? And how does it differ from “multichannel” marketing? ‘Omnichannel marketing’ is a cross-channel marketing strategy where you reach out to your customers on …
A Guide to Choosing the Best Billing Software
Without a doubt, the most crucial aspect of your business is asking for and receiving payment. Companies must bill their clients on time to maintain a healthy cash flow. However, billing might not be the most exciting thing to do. Manual billing and invoice processing can consume much of your …
A Guide to Business Credit Scores
When we talk about CTOS and CCRIS, we often think of an individual’s credit score, credit report, or credit rating. What is a credit score? What does it mean? Credit scores are numerical ratings by credit reporting agencies (CRAs) registered under the Credit Reporting Agencies Act 2010. A higher credit …