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Marketing Strategy is one business strategy that cannot be separated from the planning and development of a business. Sometimes companies set a sizeable proportion to market their products because this greatly influences the sales. However, for those of you who want to start a business on a small scale, of course you need low-cost marketing ideas so you can save your capital and minimize expenses. Let’s look at some of such marketing ideas. 1. Brochure…

What does quality product or service mean without effective marketing? No one will know about a product or service if the business does not do good marketing. This is the reason why many companies pour out large funds for their marketing. They know that spending on promotions will give them good return when sales have increased. However, do not be discouraged if your business only has a limited budget for marketing. Here are some ideas…

In business, the term ending finished goods inventory is often used. As the name implies, this is the stock of products that are ready for sale but not yet sold. A budget for these goods can be developed after calculating the basic costs of materials, direct labor costs and overhead budgets required to produce the products. Why do we need this? The ending finished goods inventory budget is very important for the company because it…

Every subject in this country is taxed and this also applies for businesses. However, determining the amount of tax is not easy because it is imposed based on many things, not only on a business’ profits. Taxes are also imposed on loans for business capital including online loans. Taxes also serve as a business’ obligations to the government. Tax can also be seen as a contribution by the citizen to the country, which is intended…

When starting a business, most people have high expectations. You want your business to grow and win the market quickly. Unfortunately, reality may not match our expectations. If you experience something like this, do you give up? Of course the answer is no, right? What needs to be done is to think for the best business strategy, so we can still get the best results while staying within our budget at the same time. Let’s…

Technology can help small business owners to increase sales in a smarter, more cost-efficient way. In some cases, using technology provides greater efficiency and functionality. In others, you may need to make some adjustments to reap the benefits of technology-friendly alternatives. The good news is that benefits of technology outweigh the short-term challenges of transitioning from the old system to a new one. So, let’s study some areas that can be explored to increase the…

It is of course very important for business people to know and understand the mistakes that can damage your business credit score. If not, it is possible that your company will soon be out of business with huge losses. This depends very much on how much capital you spend on these business activities. As this is important, you are required to be able to build a good credit score for your business. This certainly brings…

In practice, business needs financial planning as a reference for running business operations during a specified period. The operating budget is one of two parts of the master budget. What is the Business Operating Budget? The operating budget is a record of activities that generate income for the company, such as sales, production, and finished goods inventory. It can be said that the operating budget is a pro forma income statement and the operating profit…

What is a cash flow analysis? Cash flow analysis is a cash flow report which is related to financial statements. It contains cash receipts and expenditures in a company for a certain period. With the cash flow analysis, you, as business owner, can know more about the finances of your company, what is actually profitable or experiencing losses. You can say that cash flow analysis is right way of calculating profits for a business. Even…

Both big and small businesses need to pay special attention in managing their finances. This is true for all accounting processes, bookkeeping, and recordkeeping. Recordkeeping for small businesses in this article refers to all aspects of recording that is related to accounting. Meanwhile, bookkeeping is based on recording all information about transactions and all financial activities. For example, tax accounting is a record that plays an important role for your company because it is even…