inventory

Struggling to grasp segregation of duties? You’re not alone! It’s an essential internal control in accounting and understanding its importance for a successful and secure business. What is the segregation of duties?

Once you calculate all of your hidden costs associated with your Total Cost of Ownership you may find that low wage labor costs are not the whole story.

Operational metrics run a a business. In order to achieve your objectives for real process improvement you will need to change the business rules, incentives, and measurements and empower employees to get involved in process of improvement. How do you drive change in an organization?

Revenue management helps increase revenue when the demand for products in high-priced markets are higher than the supply. This means that when a customer comes into a store and sees a product that they want, but is priced too high for their budget, they may be willing to pay more if the store uses revenue […]

When you think about the newest technology, what comes to mind are probably all those big tech companies like Google or Amazon. But technology has been changing small businesses and narrow niches for years as well, and it has already enabled some pretty amazing innovations. How technology is changing garage businesses.

Now is the time for management leadership to step up and chart the course for the year ahead. Learn how leaders motivate others.

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, […]

Most salon businesses are owned by technicians and stylists who are highly passionate and skilled in matters of hair, beauty, and fashion. Making people beautiful comes naturally, but using business management software, not so much. For them, the responsibility of building an effective management system of staffing, inventory management, client retention, and marketing is always […]

A typical scoreboard will be revised six or seven times before it is contains the right metrics. What do your business metrics say about your business?