Business is an organization comprising people who strive together to achieve common objectives and goals.
It is important for a business organization to have a vision that implies what it intends to achieve in the future and values that represent the organization’s integrity. A business organization is a commercial, industrial, or mercantile enterprise, and comprises the people who constitute it.
Business is a legally-recognized organization which provides goods, services, or both to the consumers.
In the United Arab Emirates, value-added tax (VAT) is levied on the import of gold and diamonds into the country. Therefore, gold and diamond businesses in Dubai and the UAE must register for VAT to ensure they charge the correct tax rate on their products and services. The standard rate of VAT in the UAE […]
Every element of your business works together like the cogs of a well-oiled machine. But what happens if one component becomes unstable or fails? Will the whole house of cards come crashing down? Preparing one’s business to work around system failures while repairing them rapidly, or even preventing failure at the first sign of trouble, […]
Becoming an entrepreneur is a big decision that requires a lot of planning. When you start your own business, you have to come up with a profitable idea and plan everything from funding to marketing and accounting. While running your own company can be extremely rewarding, it’s also challenging, requiring long hours and plenty of […]
Running a business is never easy, and one of the most challenging aspects is managing the company’s finances. Cash flow is especially important to keep track of, as it can make or break a business. Many Australian businesses have gone under due to mismanagement of cash flow. Below, we will discuss four tips for managing […]
The “Nostro” and “Vostro” are financial terms used to describe the same bank account. Such accounts are opened up to ease the financial exchange and trades between two countries. By opening this account we can eliminate the middle currency (dominating currency) which is dominating the world. For example, If India wants to trade with Russia […]
Regardless of your industry, no company likes to experience downtime, as it comes with huge financial costs and could even force your business to lose its competitive advantage. Surprisingly, the main cause of unplanned downtime tends to be faulty or otherwise inoperable equipment. While it might be time-consuming and daunting to think about maintenance, keeping […]
The world is increasingly becoming web-based, which means creating a robust online presence for your business is nearly inevitable. Think of it as making the perfect first impression with your customers. Since websites are the first interaction point between the business and customers online, you must prioritize making them as attractive and responsive as possible. […]
The regular use of testimonials can generate 62% more revenue from customers, according to BigCommerce. That statistic alone should entice you to create more content, but you can’t simply add a testimonial to your site and expect traction; you need a marketing strategy. How to make more engaging client testimonials? Customer testimonials can produce more […]
Traditionally, the average employee needs to go to an office for eight hours a day, five days a week. Working remotely was a rare perk that only a few companies in specific industries offer to their employees. Some employees may have even negotiated hard for a remote work arrangement. Then, the pandemic came, forcing businesses […]
Remote work has been a prominent aspect of business for quite some time now, but the recent COVID-19 pandemic has quickly transformed this work model from a wonderful benefit into a real need. As a result, the recruitment process has also shifted to the digital world, forcing recruiters to discover and hire candidates in entirely […]