operations

Are you confused about the difference between implicit and explicit costs? This article explains the key differences between implicit and explicit costs, including examples of each type of cost. Learn how to identify and calculate each type of cost to make better business decisions.

Shell corporations, also known as shell entities, are distinguished by the absence of significant business operations or assets. They are now inactive and are used for a variety of financial activities. Shell corporations can be used for legitimate purposes such as tax planning, asset protection, and confidentiality. But, they can also be used for illicit activities like money laundering and fraud.

Having a fully operational and successful company is no easy feat. As such, it’s important to have guidelines in place that can help your business run smoothly and efficiently. One such guideline is an operations manual, which can effectively serve as a comprehensive reference guide for your company’s processes and procedures. Here’s a look at […]

A lean competitive advantage comes from mastering lean.

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 […]