For any major company or organization, there are several departments that will comprise the overall extent of operations. From research and development, to accounting and finance, each division has its own respective purpose that contributes to overall productivity. Each of these divisions, however, have their own costs to run. The labour costs may not initially...

If you own a business, or are in a senior managerial role at an enterprise, you are probably aware of supply chain management. The flow of goods and services that are relevant to a company will always require maintenance in regular intervals. When done effectively, this can significantly reduce overall costs, while driving profits upwards.

Small businesses make up a large portion of the entrepreneurial community these days and it’s easy to see why: when you own and run a small business, you can set your own pace, you can work with products and concepts that actually excite you, and you have much more independence overall (and responsibility). However, starting...

You might imagine being a real estate agent as a life of leisure, but the reality could not be further from this image. Whether working in residential or commercial real estate, being a real estate agent is a demanding job that often requires being available around the clock. Even in boom years, making money as...

Should you buy mining equipment from manufacturers and their authorized dealers or from auctions? In the past, the conventional route was to purchase mining equipment directly from the manufacturer and their authorized dealers. This was informed by the fact that the latter came with maintenance service contracts and warranties. However, purchasing the same equipment from...

Thanks to the internet, the world has become a global market. Many businesses are opting to carry out their activities online to reach a broader market. There are however some businesses that are still shying away from e-commerce. This is perhaps informed by strict cross-border regulations, the complexity of doing business overseas, or language barriers....

Every business that has grown into a massive entity has gone through the growing pains, the startup blues, and, yes, financial risk. Even today, there are multiple corporations that are enduring financial risks, just take a look at Tesla, Kraft Heinz, and General Electric as only a few examples of well-known companies suffering from numerous...

When many people retire, they are often planning to relax and do nothing. After many decades of working, it might seem like you have earned the right to do what you love all day. In reality, for most of us, a little extra cash can go a long way when we’re retired. This extra money...

If you’re like many real estate agents, you may have some weeks that are much more productive than others. This is a business where the money coming in will vary greatly. While you may want to get a commission advancement for drier times, there are many ways you can put this to work. Below you’ll...

Business management consulting is the method of bringing in a third-party consultant to analyze a business’ practices and help them improve. This can be done in a variety of ways, using one or more different tactics to help the business adapt. Companies may hire a business management consultant when they are struggling, or when they...