Bankers’ Automated Clearing System; a method of making payments direct to a creditor’s bank without using a cheque.
Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. If you don’t have enough money to do everything you…
Business Growth is a stage where the business reaches the point for expansion and seeks additional options to generate more profit. Business Growth is a function of the business life-cycle, industry growth trends, and the owners desire for equity value creation.
Business Continuity Planning is the process of creating systems of prevention and recovery to deal with potential threats to a company. In addition to prevention, the goal is to enable ongoing operations before and during execution of disaster recovery.
Business Performance Analysis refers to a variety of techniques used to quantify the performance of a company over a given period of time. A performance analysis could be done on just about any area of a business, provided the correct key performance indicators are factored in the analysis.
Business Advisors work with a company very closely on their strategy and advise them on various aspects, especially on product development, marketing, and finances. These three dynamics are crucial to every business. Business advisors are equipped with enough knowledge and trends of the agile market that will ultimately assist entrepreneurs in making an informed decision.
Business Mentoring is a relationship between you, as an entrepreneur, and someone with business experience who is willing to act as a guide. The business mentor offers advice, guidance and support to help you run and improve your business. It can involve face-to-face meetings or online discussions – or a combination of both – depending…
A business model is a company’s plan for how it will generate revenues and make a profit. It explains what products or services the business plans to manufacture and market, and how it plans to do so, including what expenses it will incur.
Business process improvement is a strategic planning methodology aimed at identifying the operations or employee skills that could be improved to encourage smoother procedures, more efficient workflow and overall business growth.