The expenses that occur in businesses are classified into two types – fixed expenses and variable expenses. Fixed expenses are those expenses that do not change when there is a change in production
Small business articles
General Partnership Explained – All You Wanted To Know
A general partnership may also be referred to us a business partnership or ordinary partnership. It should not be confused with either a limited partnership or a limited liability partnership. According to the
What Is Sole Proprietorship? Understanding Sole Proprietorship
A sole proprietorship is a business owned by one person. It is the simplest business form to start and operate. Unlike a partnership or a Limited Liability Company, Sole Proprietorship does not have
Types Of Warranty and their meaning
A warranty is a promise or guarantees to provide some assurance from one party to another that certain conditions or even facts are true. If this promise is false then the warranty can
Meaning Of Objective Statement And How To Create One
An objective statement is a short statement which describes precisely what you are looking for or what you want. This can either be in job searches or in business dealings. While your goal
What Is Gross Profit Margin And How To Calculate Gross Profit?
In a company, matters to do with finance play an integral role in determining the direction of the business. It is always prudent for the management and employees concerned to ensure that they
Five Simple Ways to Market Your Local Business
Marketing your local business is a project that every business owner must take seriously. There are many ways to market a local business. The steps listed in this article will help you gain
8 fantastic ways to manage multiple businesses efficiently
Some people have a very focused behavior – They will concentrate and focus on one business and grow that one business consistently. They are known be disciplined and patient. But then there are
How to move up the Competitive ladder?
If you want to tackle competition, then like a wrestling match, you have to take them one by one. You cannot attack all your competitors at once. This is why you need the
4 questions to ask yourself before targeting new customers
If i ask 100 businessmen out there what they want, each one of them will say that they need more customers to grow their business. That’s the number 1 target of each business
How to gain market share from competition in 3 simple steps?
Business is never simple. There are so many dynamics involved in our day to day business lives that we sometimes don’t know which work to do on which day. But due to this
How to Analyse and Defeat your Direct competition?
Many a times businesses are not motivated enough because they know their competitors but do not analyse their direct competition. At other times, the businesses might get complacent if you don’t have a
Difference between Price competition vs Non price competition
Every brand that we see today, has a market strategy. But more then the market strategy, the pricing strategy matters and competitors can be differentiated based on the price point they use. A
6 Reasons competition is good for Business – Benefits of competition
Most of us are tired of competition. Majorly because it takes away business from us. But overall, there are many benefits of competition. Decades ago, in the production era, companies just used to
How to find distributors for your product or company?
One of the many difficulties a start up faces, especially in the manufacturing sector, is to find distributors for their new product. However, you will surprised how many companies find it difficult to
What should be the ideal breakup of distribution channel for small businesses?
Having a strong distribution channel is a must for any distribution based business. However, like any other business, there is a lot of leakage in distribution as well. There are many reasons that
