Category: Business Strategy

Several small businesses combine sales management and private issuance with business. Doing so would confuse, as the difference between personal assets and business assets would be difficult to discern. Therefore, with a company account, it is essential to distinguish personal finance from business finance.

There are, however, some conditions for a business account, including a large initial deposit and a large minimum monthly deposit. The right computer will help grow your business and as well as your business bank account. Check out BritainReviews for vendors selling computers and their accessories, and read reviews to make an informed choice.

When choosing a business account, here are seven items to remember

1.  The reputation of the Bank

The bank’s credibility matters. You do not want to apply to a bank with an imperfect past or credibility. When opening a business savings account in a bank, the first thing you should remember is about the bank’s credibility. How much money do they possess? How about their yearly profit? It is critical because the bank will remain firm when the global economic crisis takes place.

2.  Their Network

If a bank can integrate with other banks within and outside the world, it is nice to bank with them. You can quickly enter a company with other business owners and not think about remittances, etc. The next thing is to find out if your bank has a wide range of branches across the nation? What about its overseas network? Are transfers through regions and … Read More

As a beginner in business, you have to put extra effort into finding suppliers for your business. Either you have a brick and mortar business or an e-commerce store, suppliers are key to the growth of your business. Here are a few tips on how to find suppliers:

Understand how the distribution channels of your industry work

There are a lot of distribution channels between the manufacturer and the retailer. When you understand the distribution channels that pertain to your business, you will know the type of supplier to get. Also, you can try getting your goods from the manufacturer directly. The fewer the people between you and the manufacturer, the less your capital, and the more your profits. This way, you will be less competitive and more productive in the marketplace. If you cannot buy directly from the manufacturer, go through established distribution channels. If you can, get a sample from the manufacturer so that you can see inspect the quality of the product you intend to sell.

Have productive meetings with suppliers

A manufacturer that cannot sell to you directly will give you a list of established distribution channels you can contact. If not, you can use phonebook listings or wholesale directories to get the supplier’s contact. Give them a call or send them a mail asking their minimum order requirements, wholesale unit prices, and the regions they supply. Depending on the replies, you choose the best match for your business. It is advised you shop around for … Read More