Welcome to TheOfficeBlog. This is where you can expect to find a slew of articles worth their weight in business-gold. Our squad keeps up-to-date on trends, insights and helpful-to-know information impacting the business world. If it’s good for business, you can find it here.
As the founder of your business, you have a promising vision. You want to offer the best product, attract clients, and see your business reach new heights. But, do you have the skills to manage the day-to-day business operations until you achieve your dreams? A chief Operations Officer (COO) has valuable skills that can help…
As an entrepreneur, you open a business aiming to provide specific goods or services. However, you cannot run an enterprise successfully without support services.Business support services are the functions that create a conducive environment in an organization for optimum performance. Typically, they don’t generate business, but they are necessary for the more productive operations to…
When owners first begin their small business, they may feel as though they’re putting in the work and networking properly, yet, their business is not growing as quickly as they’d hoped. After a few months, sometimes years, they’re still unable to comfortably pay bills, put food on the table, etc. It seems as if the…
The global business landscape today is more competitive than ever, due to the low barriers of entry. As a result, customers have a variety of choices when shopping for products and services. This, in turn, has led to a highly selective generation of customers who only purchase from brands that meet their preferred criteria.Brand success…
Business owners looking to either grow or survive in the market inevitably have lengthy to-do lists at any given time. Although it’s easy and cost-effective to do these tasks when you are starting, it can soon feel like you are pulled in different directions daily. If you always feel like you need extra hours in…
Apart from the superior quality of the products and services your business offers, the team of employees you build for your business is arguably the most crucial ingredient for success. Their ability to carry out day-to-day operations, ultimately, facilitates growth. However, due to limited resources, especially for most startups and growing companies, it is challenging…
Many small business owners really excel at sales, customer service, etc., but they start to feel overwhelmed when it comes to completing critical back-office tasks, like bookkeeping. We don’t blame you! So many businesses depend on easy-to-use accounting software for assistance, and QuickBooks from Intuit is among the most popular. Owners of small- and medium-sized…
If you want to keep your costs under control and expand your company’s operating flexibility, adding a remote team can help you accomplish both of these goals. A remote team allows you to operate your business from any location with the necessary infrastructure, and it enables you to adjust your operations to better fit changing…
Outsourcing allocates a particular business process to a third-party service provider. It is an important tool for maximizing business profitability and efficiency. Companies are utilizing high-quality bookkeeping services and support centers located in different regions to achieve this. Furthermore, small businesses are also accessing C-level leadership through outsourcing. But outsourcing saves you more than just…
Negative cash flow is a major contributor to a majority of failing businesses. However, cash flow problems do not necessarily mean that a business is not profitable. They often arise due to inadequacies in balancing the inflow and outflow of money, ensuring that the business has enough cash for key activities at any given point.…
Two out of every three potential customers want to reach brands by phone. When they call your business, they not only expect you to pick up regardless of the hour, but they also expect to have a great experience speaking to you. Modern customers base their loyalty on the experience they receive during their interactions…
In 2019, the global spend on outsourcing was approximately 92.5 billion dollars. As organizations seek to navigate the increasingly competitive business landscape, outsourcing has proven to be an effective and strategic method of safeguarding the future of businesses. Outsourcing allows companies to access skilled labor while reducing operational costs, as well as improve service delivery…
Intuit’s QuickBooks (QB) software dominates the global accounting software market. It presently holds over 80 percent of the SMB market share. Among Intuit’s many financial management products, it reports significant growth of QuickBooks Online (QBO). QBO connects accounting professional and SMBs over a variety of geographical locations and devices. Businesses can send invoices, track income…
Keeping a clean and reliable record of all your financial transactions is essential for your small business. Authentic books are critical during tax season and for making business decisions. Consequently, finding efficient and reliable bookkeeping services is paramount. Here are some important things to look for: Understanding of Scope A bookkeeper should understand the scope…
Are you aware that 23 % of small businesses fail because they lack personnel with the requisite skills? As a company grows, it will require more qualified and specialized staff to ensure business objectives are met. However, in the early stages, most businesses do not have enough financial power to hire full-time employees for every…
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