Operations Articles

Your small business budget is an important tool for your company. It guides your spending habits throughout the year, helps you avoid overspending, and helps you make important financial decisions. But, budgets aren’t one-size-fits-all. Every business’s budget looks a little different. And, there are a number of different types of business budgets to keep on […]

As a business owner, you do it all. But when it comes to your finances, it may be a good idea to consult an accounting expert for help, especially if you’re just starting your venture. What does an accountant do? An accountant can assist with tracking and analyzing your finances and keeping your records up-to-date […]

At some point or another, you may want to join forces with another business to help boost profits or cut costs. One way to do this is to merge your business with another company through a merger. There are a variety of mergers to choose from. Are you ready to explore the different types of […]

Attracting customers is a never-ending battle, especially when your market is chock-full of competition. Businesses use a variety of tactics to ward off said competitors, including price wars. Learn what is a price war and how to win one if you find yourself in combat with another business.

What does a holiday company shutdown have to do with lower overhead and COVID-19? Turns out, a lot. Major corporations like Best Buy, Target, and Walmart have already announced store closures for Thanksgiving 2020 due to the pandemic.

When you first start a business, the last thing you’re thinking about is leaving it. But, life gets in the way of plans. That’s why you need an exit strategy before starting your small business. Exit strategies help make sure you, your business, and investors are protected.

There are a number of strategies you can use to price your products or services. One of them is value-based pricing. Read all about value-based pricing, its pros and cons, and how you can use it to strategically price goods and services at your small business.

There are a number of different types of business budgets. One kind of budget that your business may have is an operating budget. Read on to learn what is an operating budget and what to include in yours.

Setting product or service prices is arguably one of the biggest yet most challenging decisions you can make. Some businesses use the cost-plus pricing strategy to reach a price that’s justifiable.