by david@numbercraft.us | Feb 20, 2024 | Latest News: Financial Planning, Latest News: Personal Finance
Inflation – it’s a word that’s been on everyone’s lips recently. Rates are on the rise, and our small business community is feeling it the most. Increased supply costs, a lack of workforce, and dwindling profits are among the challenges faced. Let’s demystify...
by david@numbercraft.us | Feb 15, 2024 | Latest News: Investing
When you invest your money, it’s a given that you’re willing to take on some amount of risk. There are strategies you can employ to ensure the risk you’re taking is minimal, but it still exists. If you’re comfortable with a lot of risk to enjoy a greater reward, it’s...
by david@numbercraft.us | Feb 13, 2024 | Latest News: Human Resources, Latest News: Management
For small businesses in today’s competitive market, outsourcing can offer a range of advantages. Not only does it reduce costs and free up valuable time for owners to focus on growing their business, but it also provides access to skills and expertise that may be...
by david@numbercraft.us | Feb 6, 2024 | Latest News: Business Finance
As a small business owner, you’re likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting on invoices (although those are also important). It involves regularly checking...
by david@numbercraft.us | Jan 27, 2024 | Latest News: Business Finance, Latest News: Strategy
When it comes to running a small business, maintaining a healthy cash flow is essential for sustainability and growth. Your business can be incredibly profitable but still ultimately fail because of improper cash flow management. To prevent that from happening, here...
by david@numbercraft.us | Jan 24, 2024 | Latest News: Business Finance, Latest News: Strategy
Deciding to purchase something to help your business is a big decision. It can be difficult to part with hard-earned money, especially in the early days. To understand the right time to invest by purchasing something for your business, you must calculate whether the...
by david@numbercraft.us | Jan 22, 2024 | Latest News: Personal Finance
It is well established that financial literacy is a key component of financial independence. The more you know and understand about finance, the better equipped you are to make important decisions. Historically, women have had lower financial literacy scores than men...
by david@numbercraft.us | Jan 18, 2024 | Latest News: Business Finance, Latest News: Personal Finance
Starting a business is not for the faint of heart. A certain level of stress comes with carrying the responsibility of ensuring your company’s success. If things go wrong, it all falls back on you. That said, the freedom and sense of accomplishment of running your own...
by david@numbercraft.us | Jan 14, 2024 | Latest News: Business Finance, Latest News: Management, Latest News: Strategy
As a small business owner, it’s essential to find ways to manage your inventory effectively to reduce costs, optimise warehouse space and ensure customer satisfaction. How you manage your inventory affects your cash flow, your customer relationships, and your...
by david@numbercraft.us | Jan 10, 2024 | Latest News: Business Finance, Latest News: Management, Latest News: Strategy
As businesses grow, managing inventory effectively becomes crucial to staying competitive and maintaining profitability. One key aspect of inventory management is reducing waste and spoilage, which can have significant financial and environmental implications. In this...
