Ever since Pakatan Harapan took over the helm at the Malaysian government, we the people have been waiting for the changes and new policies that will be introduced by them. The biggest one by far would be the 2019 Malaysian budget.Read more
Entrepreneurs are a little different compared to a normal businessman who runs an already established business. Startups pose a vastly different business modal when you compare it to a traditional business. With that, we all know that startups need something a little different to make sure everything works out right.
In the world of digital advancement and the ease of social media allowing you to grow a business, there are so many new and thriving business out there. It has become such a simple task to set up your own store, start selling and start earning yourself a living. However, with an increase amount of supply, there will be a decrease in demand since everything you could ever want is so easily sourced nowadays with the power of the internet.
So how do you make sure that your small business not only survives, but also thrives? One of the not so popular ways to do this is by keeping a very watchful eye over your reports and processes which are also known as your Standard Operating Procedures (SOPs).
Starting a business is not easy. There are so many things to worry about like hiring, business strategy and the most scary of them all – finances! The finance department is the backbone of the company and is the greatest indicator of all to show you if you are making money or not. Those numbers reported by your finance team should be the main results you look at at the end of every month to see if you’re making money or losing money.