For their growth and sustainability, small businesses are key hubs in bringing innovations, new ideas, products, and services to the market. The success of small businesses signals a competitive and dynamic business environment that attracts investment and fosters economic growth. But, 46.3% of small businesses close down within their first year of operation.
Category: Small Business Automation
Retail Inventory Management? Tips to Improve Small Business Inventory Management
Inventory management goes to the heart of retail, which depends on making the right goods available to customers at the right time and price. Efficient inventory management also helps retailers reduce excessive transportation and carrying costs.
Why kadogo economy also needs automation
The kadogo economy refers to Kenyan informal markets of fast-moving consumer goods serving low-income populations. These typically involve kiosks/stands that sell commodities at their lowest divisible level and at affordable prices.
Though commonly neglected in corporate networks, they remain robust and post the highest growth rates in the retail sector. All the same, their efficiency can greatly be improved through automation.
Entrepreneurial hoops and hurdles+ ways of jumping them.
The saying “Go big or go home” is such a cliché. However, over the years, it has remained to be […]
4 simple ways to make your business unique
No single business is truly unique. Inevitably, someone is bound to copy an idea and present it differently. In order […]
Why E-commerce is the way to go.
E-commerce, otherwise known as online businesses has been coming up for the past few years. This is why we have […]
Dead stock fixing strategies for your small business
At times, you will find that there are products in your company that are not moving. These items can be […]
Benefits of keeping your customers engaged
You have probably heard it said that Customer is King. American businessman, Michael LeBoeuf adds that a satisfied customer is the best business strategy of all.
This article helps small businesses in Kenya better understand the benefits of engaging customers, and how best to do so.
Book-Keeping Secrets For Small Businesses.
With a little guidance here and there, any business owner can handle book-keeping. It is simply organizing your financial transactions in clear and conscience manner. Below are some of the things you need for successful book-keeping.
Best ways to manage employees for a small business
Effective management of employees involves a delicate balance between enhancing labor productivity and maintaining staff well-being.
This is even more important for a small business where proverbial cogs in the wheel are few and therefore malfunction in one is felt relatively intensely by the entire system. Below is a list of strategies that entrepreneurs in Kenya can use to improve their human resource operations so that their small business runs like a well-oiled machine.