2019 is fast approaching and if you are a business owner, you might be in the midst of planning or finalising the grand plans you have for your business. This is always the most exciting time of the year as you reflect, analyse and strategise your game plan for the upcoming year.Read more
When it comes to reporting for your business, you can never have enough. Especially with the new ways of business like startups, you will always have to answer to stakeholders like investors or maybe even your board of directors. Making sure that you have all your numbers in check is very important so that you know what’s going on and can easily answer your stakeholders when you get questioned.
Currently in Malaysia, according to the government, we are having a shortage of chartered accountant. A lot of officials are tirelessly trying to convince the younger generation to take up accountancy to help bring the numbers up. We currently have way too many companies and not enough accountants to help these companies.
When running a business – especially something like , you number one priority will always be profit. Profit will be the bread and butter of your company and if you do not maintain and check with it constantly, it will be the thing that will bring your business down sooner or later.
Startups are not the easies to keep afloat. About a third of them will go under within the first 3 years. The reasoning behind this is plentiful as startups are incredibly prone to failing. There are too many things going on when you’re running a startup and failing one or two aspects will just easily destroy your company. However, some of these problems aren’t that hard to overcome. Most of the time it is easily overcome, if they just ask for help from the right type of professionals.
This is a question that might have plagued many business owners. However, with the growing importance of reporting and analytics, it seems that a lot of people do not know the key differences between the two and they often ask what exactly is the difference between them. In this article, we are looking to try to figure out the key differences and what sets them apart and how you can use them to better your business!
Owning a company and running one is no easy feat. Competition is everywhere and there are so many things you need to stay on top of to ensure that you make ends meet. Not only for yourself, but for the rest of your team as well.
When it comes to business reports, we are all aware that it helps the business stay in shape and that it will aid in ensuring that all results are heading towards the goals set by the company from the start. Business reports can tell you so much in just a few pages. The data you collect everyday can be used to take a finer look at how your company is doing.