Thebizwise

The total amount of stocks which you as entrepreneur's can keep in your business depends the following major factors. The amount of stocks to keep in the business depends on the purchasing power by the customers,when customers purchases more of product A than product B within the business then as an entrepreneur you should also keep more stocks of product A than product B within your business so that you don't lose making sales when you run short of product A when customers comes and find that product A is missing from your business at any given time. The amount of stocks to keep in your business depends on the amount of cash or finance which the business has,these means that it depends on the amount of  finance which the business has depending on how the business is performing economically.When the business is performing well economically then it will be confidence enough to purchase more stocks at once or in advance within the business. The amount of stock to keep in yo...

To manage finance effectively within the business then entrepreneurs or business owners have to put the following factors into considerations. Entrepreneurs should know the total amount of finance which the business has at cash in hand and also cash at banks. Entrepreneurs should know all the source of income which the business has.They should know the average amount of profits which the business makes,they should also know the alternative source  of incomes which the business makes such as incomes from other investments which the business has. Entrepreneurs should know all expenses in the business and they should only pay those expenses which are necessary to be paid by the business so as to avoid paying for other expenses which are not necessary to be paid so as to save some cash which can be used to perform other business activities.By paying all the necessary expenses in advance then the business will also save some additional cash because they will not have to pay addi...

The followings are types of discounts which entrepreneurs can give to their customers inorder to increase sales for the goods and services which they sell once the customer has purchased or about to purchase goods and services from the business. Entrepreneurs can give trade discount to their customers incase the customers purchases goods and services with the aim of selling those goods and services back to other customers or consumers.These discounts should  be given to customers incase the entrepreneurs are producing or manufacture of goods and services. Entrepreneurs can give quantity discount to their customer's incase the customers purchases large amount of goods from the business so as to influence customers to purchase more goods and services from the business in the future or when the customer's comes again to the business. Entrepreneurs can give cash discount to their customers incase they makes early payment for the goods and services which they had sold to ...

Profits is the differences between sales and expenses.When sales are more than expenses then the business makes profits but when expenses are more than sales then the business makes loss.The aim of doing business is to make profits but not loss which occurs accidentally. These are best ways in which entrepreneurs or business owners can do with the profits which the business has made. Business owners/entrepreneurs can use the net profits to expand the existing business by purchasing more items/stocks for sell or by increasing its existing services. Entrepreneurs/business owners can use the net profits to open more branches so as to reach more customers in different geographical regions/locations. Business owners can invest the net profits in other businesses,such as investing the profits either by starting other businesses ventures which are not related to the current business or by simply investing the profits in the stock markets. Entrepreneurs can either invest the profits ...

As an entrepreneur or business owner you can enjoy more extra time for yourself when you delegate duties and responsibilities to your employees or workers for them to do those duties on your behalves so that you can have more time for yourself as you will only concentrate with less job tasks which you only would like to do. In delegations,an entrepreneur or business owners or employers assigns duties and responsibilities to other employees. In assigning those duties and responsibilities entrepreneurs or business owners or employers ensures that every employees are given responsibilities to perform based on their skills,knowledge and experiences which they understand best.Incase the employees have experience in relationships,then they get assign with relationship duties.Those employees who have financial skills will be assigned with financial responsibilities while those employees who are skilled on sales will be assigned with sales responsibilities.So in these case the entrepren...

The main aim of doing business is to sell useful products and services which will benefit the consumers apart for your business making profits. In business as an entrepreneur,you should not be scared to try any new ideas into your business because you never know how that idea which you try into your business will have great impart not only to your business but to all society and stakeholders at large.Take instances of successful business personnel or entrepreneurs who just released simple ideas which they just take them for granted and they don't and still don't believe on how people and customers have embraced those ideas as they use and still continues to use them upto now. So to be on top in your business,you should put your ideas which you have in mind be it small ideas or big ideas into practice inorder to push your business performance to greater levels.When you put into practice any idea which you have and your customers have not yet embrace it for the first time,the...