The importance of infrastructure in an economy cannot be over-emphasised. It is the bedrock upon which all other economic development initiatives spring, for instance, if an economy is primarily driven by agriculture, the soils could be fertile, the rains could be abundant and general weather conditions favourable but if perishable farm produce cannot be moved …
Making any business decision is best guided by the flow of correct information internally and externally. Internal factors include organisational structure, corporate culture, available resources, mission, vision and objectives. External factors are micro factors like suppliers, customers, competitors and the public and macro factors like technology, politics, economics, legal and ethics. POLITICS Political factors influence …
STRATEGIC SALES PERSONS Making revenue is the most crucial action of any business which requires swift strategies to be put in place. These strategies depend on the type of business at hand where mostly it’s the sales personnel given the task to do it under certain policies laid down by the company. Businesses with weak …
Keeping proper business records can be daunting at first. The key is to identify a proper and appropriate system, break things down into a series of straight forward, manageable tasks which you can access and update them on a regular basis, rather than letting the paper work pile up. Most small businesses don’t see the …
An accounting standard is a common set of principles, standards, and procedures that define the basis of financial accounting policies and practices. There are many different accounting standards in use in the world which are applied to financial statements in order to provide a true and fair view of the firm’s financial position, and a …
